SEOUL, Mar. 20 (Korea Bizwire) – Lee Sedol, the South Korean grandmaster who took on Google’s AI Go program AlphaGo in the ‘Game of the Century’ eight years ago, has offered a nuanced perspective on the rapid advancement of AI technology. In an interview released by Google Korea on March 19 to mark the 20th anniversary [...]
SEOUL, Mar. 20 (Korea Bizwire) – South Koreans feel happier and perceive their social status as higher when their household incomes are larger, according to an annual government survey released on March 19 that highlighted the nation’s emphasis on economic growth over wealth distribution. The 2023 Social Integration Survey conducted by the Korea Institute of Public [...]
SEOUL, Mar. 18 (Korea Bizwire) – With Samsung Electronics and LG Electronics unveiling their new flagship TV lineups and premium all-in-one washer-dryer combos for 2024, the fierce rivals have engaged in an increasingly acrimonious marketing battle, taking thinly veiled shots at each other’s claims of superiority. The dispute began when Han Jong-hee, the CEO of Samsung’s [...]
SEOUL, Mar. 18 (Korea Bizwire) – A recent study has shed light on the varying perceptions of occupational prestige across different countries, with lawmakers being held in high regard in Korea, China, and Japan, while firefighters are esteemed in the U.S. and Germany. The research, conducted by the Korea Research Institute for Vocational Education and Training [...]
SEOUL, Mar. 17 (Korea Bizwire) – The surge in direct purchases from China via e-commerce channels witnessed a substantial spike of 70% last year, according to data released by the Korea Customs Service on March 17. Concurrently, the volume of consumer complaints has tripled, reflecting the growing challenges posed by this burgeoning trend. The figures [...]
SEOUL, Mar. 16 (Korea Bizwire) – In a revealing study on South Korea’s labor market dynamics and their impact on family planning, researchers have pointed to a stark disparity in birth rates between contract (irregular workers not covered by major insurance) and full-time corporate employees. The findings suggest that the fertility rate among women in [...]
SEOUL, Mar. 15 (Korea Bizwire) – The South Korean government is gearing up to disclose a report by year-end that will reveal the financial benefits received by doctors from pharmaceutical companies, sparking a debate on whether to include identifiable information such as names in the report. According to a statement from the Ministry of Health and [...]
SEOUL, Mar. 15 (Korea Bizwire) – The Alibaba Group, parent company of the online shopping platform AliExpress, has announced its intention to set up an integrated logistics center in South Korea by the end of this year, sparking interest in the location and structure of the new facility. Logistics experts suggest that, given the lengthy process [...]
SEOUL, Mar. 14 (Korea Bizwire) – A recent study forecasts that artificial intelligence (AI) could potentially replace up to 13% of jobs in South Korea, totaling approximately 3.27 million positions, with a significant portion of these at risk within professional fields. The Korea Institute for Industrial Economics & Trade released a report on March 13 outlining [...]
SEOUL, Mar. 14 (Korea Bizwire) – The proliferation of AI-generated cover songs that mimic the voices of famous singers has sparked controversy and raised legal concerns, as these ‘AI covers’ spread across YouTube, potentially infringing upon the rights of the artists involved. Legal experts warn that such activities, especially when they generate sponsorship or advertising revenue, [...]