SEOUL, July 27 (Korea Bizwire) — South Korea’s total population fell for the second consecutive year in 2022 amid the country’s critically low births, data showed Thursday, with seniors taking up a larger portion of the population. The country’s total population dropped to 51.69 million in November, down 46,000, or 0.1 percent, from the previous [...]
SEOUL, July 27 (Korea Bizwire) — Samsung SDI Co. said Thursday its second-quarter operating income rose 4.9 percent from a year earlier, buoyed by solid demand in its premium electric vehicle (EV) batteries. Operating profit reached 450.2 billion won (US$354.7 million) in the April-June period, compared with 429 billion won the previous year, the company [...]
SEOUL, July 27 (Korea Bizwire) — The Personal Information Protection Commission (PIPC) said Thursday it has imposed a fine of 3.6 million won (US$2,829) on OpenAI, the operator of the generative chatbot ChatGPT, for exposing the personal information of 687 South Korean users. A now-patched bug in an open-source library on ChatGPT created a caching [...]
SEOUL, July 27 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Thursday its second-quarter operating profit more than doubled from a year earlier, driven by the continued strong electric vehicle (EV) demand. Operating income reached 460.6 billion won (US$361.5 million) in the April-June period, compared with 195.6 billion won the previous year, the company [...]
SEOUL, July 27 (Korea Bizwire) — Samsung Electronics Co. on Thursday reported a 95 percent fall in second-quarter operating profit, as macroeconomic woes have taken a toll on demand for chips used in electronic gadgets from mobile phones to computers to cars. The world’s largest memory chip and smartphone maker logged a profit of 668.5 [...]
SEOUL, July 27 (Korea Bizwire) — The Pinkfong Co., a South Korean educational entertainment company, said Thursday its children’s songs have garnered more than a combined 1 billion streams on Spotify, the global music streaming giant. The number is the highest for a homegrown animation and character company. Pinkfong has released various children’s songs based [...]
SEOUL, July 27 (Korea Bizwire) — The World Expo is not just about creating a huge economic effect for the host country but also serving as a new platform to explore solutions to various common challenges faced by the world today, the chief of a major Korean business lobby has said. SK Group Chairman Chey [...]
SEOUL, July 27 (Korea Bizwire) — The remains of seven South Korean soldiers killed in the 1950-53 Korean War returned home from the United States on Wednesday, after they were initially thought to be U.S. war dead and sent to America. A ceremony marking the remains’ return took place at Seoul Air Base in Seongnam, [...]
SEOUL, July 27 (Korea Bizwire) — Korean Air Co. said Wednesday it will introduce KAL’s Lager, a craft beer developed in-house, to passengers in September. The South Korea’s top air carrier collaborated with Playground Brewery to create the craft beer. Commencing from Thursday, KAL’s Lager will be available for purchase at Emart 24 convenience stores [...]
SEOUL, July 27 (Korea Bizwire) — Workforce aging is accelerating in essential medical fields as a trend of avoiding majoring in critical subjects, such as surgery and obstetrics, leads to a shortage of young specialists. According to data received by Rep. Shin Hyun-young of the Democratic Party from the Ministry of Health and Welfare, the [...]