SEOUL, Jun. 26 (Korea Bizwire) – A new study predicts that South Korea’s declining birth rate and shrinking population could lead to a significant labor shortage in key sectors by 2042, with over 600,000 fewer workers in restaurants and retail compared to 2022 levels. The forecast was presented by professor Lee Chulhee of Seoul National University [...]
SEOUL, Jun. 26 (Korea Bizwire) – Samsung Electronics announced on June 25 that it will add four more languages to its Galaxy AI service, which includes interpretation capabilities, by the end of this year. The on-device real-time interpretation and translation function of Galaxy AI currently supports 16 languages, including Korean, Chinese, English, French, and Japanese. The [...]
SEOUL, Jun. 26 (Korea Bizwire) – The country’s three major telecommunications companies are making a significant presence at Quantum Korea 2024, a premier event bringing together quantum technology experts, academics, industry leaders, and the public to explore the latest research trends and international innovations in the field. The event, held from June 25 to 27 at [...]
SEOUL, Jun. 25 (Korea Bizwire) – In a surprising turn of events, South Korea has become the latest battleground for global e-commerce giants, with YouTube making an unprecedented move to launch its first shopping-dedicated store feature in the country. On June 23, industry sources revealed that YouTube, in collaboration with Cafe24, a KOSDAQ-listed e-commerce solutions company, [...]
SEOUL, June 25 (Korea Bizwire) – The number of households that moved from urban areas to farming and fishing villages fell for the second consecutive year in 2023, data showed Tuesday. The number of households moving to farming villages came to 317,464 last year, down 4.4 percent from a year earlier, according to the data [...]
BUSAN, Jun. 25 (Korea Bizwire) – An animal protection group has filed an administrative appeal against the Cultural Heritage Administration and local authorities for ordering the removal of feral cat feeding stations on Eulsukdo Island, a crucial migratory bird habitat in Busan. The Korean Alliance for Prevention of Cruelty to Animals (KAPCA) held a press conference [...]
SEOUL, Jun. 25 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has completed building infrastructure to produce faster and more efficient chips for artificial intelligence (AI) computing. The infrastructure for so-called compute express link (CXL) technology was built at Samsung Memory Research Center in Hwaseong, about 45 kilometers south of Seoul, the company said [...]
SEOUL, Jun. 25 (Korea Bizwire) – A recent survey by a civic group has revealed that only 1 in 10 victims of workplace bullying in South Korea report the incidents to their company, labor union, or the Ministry of Employment and Labor. The findings come as the amended Labor Standards Act, which prohibits workplace bullying, approaches [...]
BUSAN, Jun. 24 (Korea Bizwire) – As local governments across South Korea grapple with a looming demographic crisis, one district in the city of Busan is taking an unprecedented approach: offering substantial financial incentives for couples who meet through government-sponsored matchmaking events and decide to marry. Saha District in Busan announced on June 22 that it [...]
SEOUL, Jun. 24 (Korea Bizwire) – As South Korea grapples with a declining birth rate, the country is witnessing a significant demographic shift in its multicultural population. Experts predict a decrease in the proportion of preschool-aged children from multicultural families, while the percentage of middle and high school students, as well as young adults in their [...]