SEOUL, March 23 (Korea Bizwire) — Half of South Koreans viewed marriage as unessential and nearly 60 percent of those in their 10s and 20s said childbirth after marriage is not a must, a government report showed Thursday, illustrating the country’s demographic crisis amid a record-low birthrate. Only 50 percent of South Koreans aged 13 [...]
SEOUL, March 17 (Korea Bizwire) — South Korea’s “medical school craze” has intensified to the point where students as young as elementary school are attending entrance exam classes. This phenomenon is not limited to the mecca of private education, Daechi-dong in southern Seoul, but is widespread across the country. This trend has become increasingly controversial [...]
SEOUL, March 17 (Korea Bizwire) – The government is stepping up to train “prompt engineers” who are tasked with extracting better results from artificial intelligence (AI) tools like ChatGPT. The Ministry of Science and ICT said Thursday it will open up a new program to train prompt engineers. The program trains students on how to [...]
SEOUL, March 17 (Korea Bizwire) — As a bank run carried out from smartphones has been identified as one of the factors behind the rapid downfall of Silicon Valley Bank, which collapsed in just 36 hours, concerns are growing that South Korea’s online lenders could also fall prey to a fast-moving bank run. Under the [...]
SEOUL, March 15 (Korea Bizwire) — South Korea will create the world’s largest semiconductor cluster in Yongin, located in the Seoul metropolitan area, by earmarking 300 trillion won (US$229.81 billion) as part of efforts to secure a competitive edge in the sector and to further the country’s economic growth momentum, the industry ministry said Wednesday. [...]
SEOUL, March 13 (Korea Bizwire) — In the late 1980s, Japan was a semiconductor powerhouse, accounting for more than 50 percent of sales by country and region. However, Japan’s semiconductor industry has declined, and the market is now dominated by Taiwan and South Korea, with the U.S. perceiving China’s growth as a threat. The U.S. [...]
SEOUL, March 10 (Korea Bizwire) — Boosted by the popularity of U.S. electric carmaker Tesla Inc., automakers are increasingly adopting online car selling platforms to revive sales in South Korea amid the prolonged COVID-19 pandemic. In 2017, Tesla began to sell its vehicles through an online platform in South Korea, raising questions over the effectiveness [...]
SEOUL, March 7 (Korea Bizwire) — On August 13, 2019, a special episode of “You Quiz on the Block,” a popular Korean talk show and quiz program, was aired to commemorate Liberation Day and convey the heart-wrenching experiences of Korean patriots who suffered during the independence movement and Japanese colonial period. The show’s hosts, Yoo [...]
SEOUL, March 3 (Korea Bizwire) — Fairness and justice have been pressing concerns in South Korean society for years. More than a decade ago, Michael J. Sandel, a professor of government at Harvard University, rocked the country with his explosive best-seller “Justice: What’s the Right Thing to Do?”– a thought-provoking piece that struck a chord [...]
SEOUL, March 3 (Korea Bizwire) — The values that millennials and Generation Z prioritize the most when selecting a job are shifting from one’s potential for growth to wages and working hours, a think tank report said Thursday. The Korea Institute for Industrial Economics & Trade analyzed 104,511 college graduates from 2008 to 2019 using [...]