SEOUL, Aug. 28 (Korea Bizwire) — More than a decade after the suicide of three impoverished women in Seoul’s Songpa District shocked the nation and exposed deep flaws in the welfare system, South Korea’s government has unveiled its most ambitious blueprint yet to build what it calls a “zero poverty society.” The Lee Jae-myung administration [...]
SEOUL, Aug. 28 (Korea Bizwire) — Global ransomware cases climbed 17 percent in the second quarter from a year earlier, with consumer-facing services bearing the brunt of attacks, according to a report released Tuesday by SK Shieldus, a South Korean cybersecurity company. The firm tallied 1,556 incidents worldwide between April and June. While that marked [...]
SEOUL, Aug. 28 (Korea Bizwire) — A large majority of South Koreans believe government support is crucial to developing venture businesses, underscoring public recognition of startups as key drivers of innovation and economic growth, according to a survey released Tuesday. The poll, conducted by the Korea Venture Business Association between July 14 and 21 with [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korea’s parliament has passed a law banning the use of smartphones during class time in elementary, middle and high schools, in an effort to curb youth overdependence on digital devices — though critics argue the measure could prove largely symbolic and even restrictive of students’ rights. The amendment [...]
SEOUL, Aug. 28 (Korea Bizwire) — Hyundai Mobis, the auto parts arm of Hyundai Motor Group, said Tuesday it will enter the automotive semiconductor and robotics markets as part of an effort to secure new growth engines beyond its traditional mobility business. At its annual CEO Investor Day in Seoul, the company outlined a dual-track [...]
SEOUL, Aug. 27 (Korea Bizwire) — Hyundai Motor Group used this week’s Clean Energy Ministerial in Busan to press the case for building out a scalable hydrogen ecosystem, underscoring its ambitions to play a central role in the global energy transition. The three-day forum, which opened Sunday at the city’s BEXCO convention center, drew delegations [...]
SEOUL, Aug. 27 (Korea Bizwire) — LG Electronics showcased its latest artificial intelligence–driven HVAC solutions at the Climate Industry International Expo opening Wednesday in Busan, underscoring the company’s push to position itself as a leader in energy-efficient building technologies. The three-day event, co-hosted by South Korea’s Ministry of Trade, Industry and Energy, the International Energy [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Koreans are marrying later, living more often in single-person households, and reporting higher life satisfaction than in past decades, even as chronic illness and suicide remain persistent challenges, new government data show. A report released Wednesday by Statistics Korea’s National Statistical Research Institute traced sweeping social changes since the [...]
SEOUL, Aug. 27 (Korea Bizwire) — Naver’s labor union staged its first rally since the passage of the so-called “Yellow Envelope Law,” demanding that the tech giant take direct responsibility for stalled wage negotiations across its subsidiaries. At a demonstration outside Naver’s Green Factory headquarters in Seongnam on Wednesday, workers from six wholly owned or [...]
SEOUL, Aug. 27 (Korea Bizwire) — The veterans ministry said Wednesday it will promote South Korea’s bid to host an international sporting event for wounded service members in 2029 on board a British vessel docked in the southeastern port city of Busan. Veterans Vice Minister Kang Yun-jin and Na Hyeong-yoon, a gold medalist in cycling [...]