DAEJEON, Nov. 27 (Korea Bizwire) — South Korean scientists have developed a new method for producing fuel cell catalysts that dramatically cuts manufacturing time and improves durability, the Korea Institute of Energy Research (KIER) said Thursday. The technique replaces conventional copper-based coating methods with a carbon monoxide–assisted process that allows researchers to form precise metal thin [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korea’s defense ministry on Thursday vowed to keep up its arms industry cooperation with Poland after a domestic defense firm failed to win a contract to supply next-generation submarines to the European country. On Wednesday, Poland said it has chosen Swedish defense firm Saab as the winner of [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korea has taken another step toward remaking itself as a global center of artificial intelligence. On Thursday, the government convened the first meeting of a new working group made up of officials and senior executives from Samsung Electronics, Hyundai Motor Group, SK Telecom and Naver Cloud. The mission: figure [...]
PARIS, Nov. 27 (Korea Bizwire) — UNESCO Director-General Khaled El-Enany has voiced deep concern over Seoul’s high-rise development plan near Seoul’s Jongmyo Shrine when he met with Huh Min, director of the Korea Heritage Service (KHS), Huh said. “He brought up the issue and expressed deep concern over the plan,” Huh said Wednesday while briefing [...]
JEONJU, Nov. 27 (Korea Bizwire) — A South Korean appeals court on Thursday overturned the conviction of a security guard accused of stealing a 1,050-won snack — a case that drew widespread attention as a modern-day “Les Misérables” story and raised questions about prosecutorial discretion. The Jeonju District Court’s criminal appeals division acquitted the 41-year-old defendant, [...]
SEOUL, Nov. 27 (Korea Bizwire) — Google will roll out a lower-priced version of YouTube Premium in South Korea that excludes its music-streaming service, the country’s antitrust regulator said Thursday, following a months-long probe into whether the company’s subscription bundling violated fair-trade rules. The launch is part of a corrective plan Google submitted under a consent-decision [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korea’s average household income rose for the ninth consecutive quarter in the third quarter of this year, partly driven by a sharp increase in transfer income, government data showed Thursday. The average monthly income of households came to 5.44 million won (US$3,699) in the July-September period, up 3.5 [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korean tech heavyweight Naver Corp. and Dunamu Inc., operator of the country’s largest cryptocurrency exchange Upbit, said Thursday they plan to invest 10 trillion won (US$6.8 billion) over the next five years to build an integrated ecosystem for artificial intelligence and Web3 technologies, aiming to position themselves as global [...]
MUAN, Nov. 27 (Korea Bizwire) — South Jeolla Province is celebrating a wave of high-profile successes — from attracting global data centers and fusion research facilities to the successful launch of the Nuri rocket — cementing its ambitions to become South Korea’s “energy capital.” Early Thursday morning, the country’s first privately built Nuri (KSLV-II) rocket lifted [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korean young adults are taking significantly longer to land their first full-time job, with those living outside the Seoul metropolitan area facing a growing disadvantage, according to new government research released Thursday. A study by the Korea Employment Information Service (KEIS) found that the average job-search period for young [...]