SEOUL, Jan. 3 (Korea Bizwire) – A new study has found people suffering from smartphone addiction are almost twice as likely to suffer from an accident. The study conducted by a research team led by Professor Min Gyeong-bok at Seoul National University College of Medicine has revealed that nearly 4 in 10 university students in South [...]
SEOUL, Jan. 3 (Korea Bizwire) – Infrastructure investment in 5G networks is expected to intensify in South Korea this year, with major telecom providers expected to commercialize the advanced networks in 2019. According to the Ministry of Science and ICT and sources close to the mobile industry, the government and the three major South Korean mobile [...]
SEJONG, Jan. 3 (Korea Bizwire) – The poverty level among South Koreans in their 30s and 40s has risen on the back of growing household debt. According to a joint report on household financial assets released by Statistics Korea, the Financial Supervisory Service and the Bank of Korea, the poverty rate among those in their 30s [...]
JEONJU, Jan. 3 (Korea Bizwire) — The city of Jeonju is accelerating its efforts to revamp a local red light district into a village for culture and arts. Previously, the Jeonju City Government built an office on the spot at a local red light district known as ‘Sunmichon’ in an effort to purchase brothels, which were [...]
SEOUL, Jan. 3 (Korea Bizwire) — Robots have been introduced at Gimpo Airport to help passengers find gates, restrooms and provide weather information. According to the Korea Airports Corporation, self-driving robots are being trailed from Tuesday in waiting areas for international flights at Gimpo Airport. Equipped with four-sided LCD screens and self-driving technology, the robots can [...]
SEOUL, Jan. 3 (Korea Bizwire) — Workers and business owners across South Korea expressed mixed views two days after a dramatic minimum wage hike was implemented. Yesterday was the second day in South Korea that workers at the low end of the pay scale received an hourly wage of 7,530 won, but opinions varied on [...]
SEOUL, Jan. 3 (Korea Bizwire) — A new report has claimed electric vehicles should face road taxes like gasoline cars over fine dust emissions. The report released by the Korea Energy Economics Institute (KEEI) on Tuesday says road taxes on electric car drivers need to be considered as a way to fund road infrastructure more [...]
SEOUL, Jan. 2 (Korea Bizwire) – A hike in the base rate by the South Korean central bank is expected to increase funding costs of local businesses, a report said Tuesday, amid the recent trend of monetary normalization. According to the report published by the Korea Institute of Finance (KIF), if the Bank of Korea [...]
SEJONG, Jan. 2 (Korea Bizwire) – Purchases made through Internet and mobile devices in South Korea continued to rise in November as use of smartphones have fully caught on with local consumers, government data showed Tuesday. Transactions made with smartphones and tablets reached 7.55 trillion won (US$7.06 billion) in the one-month period, up a solid [...]
SEOUL, Jan. 2 (Korea Bizwire) — North Korea has said it could send a delegation to the upcoming Pyeongchang Olympics, giving a boost to the bi-annual sporting event. In a New Year message on Monday, North Korean leader Kim Jong-un hinted at sending a delegation to South Korea during the upcoming Winter Olympics, while wishing [...]