SEOUL, March 9 (Korea Bizwire) — The Financial Supervisory Service (FSS) said on Friday online authentication tools for financial transactions will become more diversified this year, moving away from the current system that relies primarily on the public key certificate. The FSS said biometric authentication technology, QR codes, text messages and blockchain-based systems are some [...]
SEOUL, March 9 (Korea Bizwire) — South Korea’s national health insurance is pushing to provide broader medical treatment coverage for children suffering from diabetes starting in July, the health ministry said Friday. The Ministry of Health and Welfare said it is in discussion with medical experts on the issue and is in the process of [...]
SEOUL, March 9 (Korea Bizwire) — Over 2,000 institutions funded by taxpayer money will undergo inspections for competency in handling workplace sexual violence, according to officials Friday. The Ministry of Gender Equality and Family said it will begin reviewing 2,022 institutions, including those of the central and local governments, as well as public companies, over [...]
SEOUL, March 9 (Korea Bizwire) — Dongdaemun Gate, a heritage site in central Seoul, was briefly set on fire in an apparent arson attack, police said Friday. The fire in Heunginjimun, the gate’s official name, was first reported at around 2 a.m., firefighters said. A witness reported seeing smoke coming out of the wall. The [...]
SEOUL, March 9 (Korea Bizwire) — South Korea aims to increase its arms exports to US$5 billion in the next five years by fostering smaller firms’ trade and diversifying markets, a government agency said Friday. The defense industry of Asia’s key economy has grown largely on domestic demand for products made by conglomerates. Its weaponry [...]
SEOUL, March 9 (Korea Bizwire) — South Korean women assume nearly 70 percent of work associated with child care, although they think their spouses should take up more than 40 percent of the load, a survey showed Friday. Women take on 68.6 percent of childrearing, with numbers for men standing at 31.4 percent, according to [...]
SEOUL, March 9 (Korea Bizwire) — At its corporate social responsibility conference held on Thursday, Ferrero Group said it would expand its social contribution efforts going forward. North Asia Operations Chief Craig Barker said at the conference held in Seoul, “South Korea is a very important market for Ferrero Group and presents opportunities for expansion [...]
SEOUL, March 9 (Korea Bizwire) — With the introduction to market of 5th generation wireless systems (5G) forecast for next year, there has been an abundance of gaming content and shopping services integrated with VR (virtual reality) and AR (augmented reality) — two technologies widely considered to be hallmarks of a 5G future — released. [...]
SEOUL, March 9 (Korea Bizwire) — A report published by South Korean medical researchers has revealed that a simple test consisting of getting up from a chair and walking for a short distance can be used to assess a person’s risk of dementia. The research team composed of doctors from SNU Hospital and Samsung Medical [...]
SEOUL, March 8 (Korea Bizwire) — Airbnb Inc. said Thursday about 15,000 tourists visited PyeongChang and its adjacent cities via the global room-sharing platform during the 2018 Winter Olympics, which wrapped up last week. The number of travelers who made reservations in Gangwon Province, including the Olympic host town of PyeongChang, some 180 kilometers east [...]