SEOUL, Aug. 25 (Korea Bizwire) — South Korea’s National Fire Research Institute announced Sunday that it will pilot new visual and audio devices designed to reduce ambulance collisions at intersections, deploying them across seven regions over the next three months. The system combines a “logo light,” which projects warning messages such as “ambulance approaching” onto [...]
SEOUL, Aug. 25 (Korea Bizwire) — CJ OnStyle announced Sunday that it will launch a new mobile live commerce broadcast infused with artificial intelligence (AI) and extended reality (XR), positioning immersive video content as a differentiator in an increasingly crowded e-commerce market. The first installment, airing August 24, will spotlight the popular women’s underwear brand [...]
SEOUL, Aug. 25 (Korea Bizwire) — The city of Seoul announced Sunday that it will introduce South Korea’s first fully driverless autonomous shuttle as early as late September, marking a milestone in the country’s push toward next-generation urban mobility. The 11-seat shuttle, developed by domestic start-up Autonomous AtoZ, was built from the ground up for self-driving purposes. [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s business community reacted with alarm on Sunday after the National Assembly, led by the Democratic Party, passed the so-called Yellow Envelope Law, a sweeping revision to labor legislation that broadens the definition of strikes and limits corporate damage claims against workers. Six of the country’s largest business lobbies [...]
SEOUL, Aug. 24 (Korea Bizwire) — As South Korea’s ruling party presses ahead with the passage of the so-called Yellow Envelope Law, one of the country’s most prominent foreign manufacturers, GM Korea, has urged the government to reconsider, warning that its Korean operations could face a reassessment by Detroit headquarters. At a closed-door meeting convened [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s major securities firms are intensifying efforts to break into the short-term note business, highlighting their commitment to venture capital investment amid tightening regulatory scrutiny. Currently a 40 trillion-won ($30 billion) market, the short-term note sector is regarded as a critical funding channel for large investment banks. Only [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s National Assembly has approved amendments to the Trade Union and Labor Relations Adjustment Act, known as the Yellow Envelope Law, granting subcontracted and platform workers broader bargaining rights and restricting corporate claims for damages against unions. The law, passed on August 24, will take effect after a [...]
SEOUL, Aug. 24 (Korea Bizwire) — Nearly a decade after it was first proposed, South Korea’s National Assembly on Sunday passed the so-called Yellow Envelope Law, a landmark revision to the Trade Union and Labor Relations Adjustment Act that limits companies’ ability to claim damages against striking workers and strengthens protections for subcontracted labor. The legislation, [...]
SEOUL, Aug. 23 (Korea Bizwire) — Nearly a third of South Korean retail investors using mobile trading apps have experienced system failures or access disruptions, raising concerns about reliability in a market where split-second timing can determine profits and losses. According to a survey released Friday by the Korea Consumer Agency, 59 percent of respondents [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea is exporting its advanced intelligent transportation system (ITS) to Bangladesh, where chronic congestion and high accident rates have long plagued daily life in the capital and beyond. The Korea International Cooperation Agency (KOICA) announced Friday that it has opened Bangladesh’s first Traffic Management Center (TMC) in Dhaka, [...]