SEOUL, Jan. 31 (Korea Bizwire) — Kakao has become the first South Korean AI developer to establish ethics guidelines concerning artificial intelligence technology. The South Korean IT giant on Wednesday announced the release of the Kakao Algorithm Ethics Charter, which includes a set of rules concerning discrimination against social groups and ethical data collection and transparency [...]
PYEONGCHANG, South Korea, Jan. 31 (Korea Bizwire) – International Olympic Committee (IOC) President Thomas Bach said Wednesday a complete victory over doping ”will not come” because of people’s tendency to “take illegal advantage” whenever possible. In an interview with Yonhap News Agency, Bach said he was “very confident” that the 2018 PyeongChang Winter Olympics will be clean, in particular because of [...]
SEOUL, Jan. 31 (Korea Bizwire) – AmorePacific Corp., South Korea’s top cosmetics maker, said Wednesday its fourth-quarter net profit dropped 76.2 percent from the previous year, due largely to a sharp decline in the number of Chinese tourists. Net income came to 17.3 billion won (US$16.17 million) in the October-December period, compared with 73 billion won the previous year, the company said in a regulatory filing. Operating profit fell 24.7 percent on-year to 76.9 billion won [...]
PYEONGCHANG, South Korea, Jan. 31 (Korea Bizwire) – Host South Korea is expected to win six gold medals to finish seventh overall at the PyeongChang Winter Olympics, which kick off next week, according to a U.S. sports data analysis firm Wednesday. The recent version of Gracenote’s Virtual Medal Table also forecast that Germany will top the medals standing with 15 golds, followed by Norway with 13 and the United States with 11. According to the U.S. firm’s outlook, South Korea will likely claim six golds and three silver medals at its [...]
SEJONG, Jan. 31 (Korea Bizwire) – South Korea’s finance ministry said Wednesday it will push for a two-track real estate policy to deal with the spike in housing prices in the affluent areas of Seoul and withering markets in other parts of the nation. The Ministry of Strategy and Finance said it will keep a close watch on the real estate market, as apartment prices in [...]
SEOUL, Jan. 31 (Korea Bizwire) – The presidential office Cheong Wa Dae formally invited former President Lee Myung-bak Wednesday to PyeongChang Olympic ceremonies that will include an opening reception for visiting heads of state. The invitation was delivered in person by Han Byung-do, senior secretary for political affairs to President Moon Jae-in. Cheong Wa Dae earlier said the invitation to the opening and closing ceremonies of the Feb. 9-25 PyeongChang Winter Olympic Games was [...]
SEOUL, Jan. 31 (Korea Bizwire) — An increasing number of terminal cancer patients in South Korea are using home hospice services, new government data has revealed. According to data released by the Ministry of Health and Welfare and the National Cancer Center on Tuesday, over 1,000 terminal cancer patients took advantage of home hospice services during [...]
INJE, Jan. 31 (Korea Bizwire) — Hundreds of military officials have enjoyed Inje’s famous ice fishing festival this year. The Inje Icefish Festival, which attracted over 230,000 visitors over the first weekend, has welcomed nearly 2,000 serving members of the military this week, as part of efforts to thank the armed forces. From ‘human curling’ to [...]
SEOUL, Jan. 31 (Korea Bizwire) — A new café where robots serve drinks has opened in Seoul. South Korean Coffeehouse chain Dal.komm Coffee held a launch event for the new robot café ‘b;eat’ on Tuesday at Some Sevit Floating Island in Seocho District, Seoul, celebrating the first robot café which opened at Incheon Airport’s new Terminal [...]
SEOUL, Jan. 31 (Korea Bizwire) — Apple is on course for a legal battle with consumers as the biggest class action lawsuit to date in South Korea has been filed against the technology giant. According to sources close to the industry, law firm Hannuri will take applications from up to 400,000 iPhone users for the biggest [...]