SEOUL, June 20 (Korea Bizwire) – Samsung Electronics Co. on Thursday unveiled the industry’s first hybrid refrigerator using semiconductor elements and artificial intelligence to improve energy efficiency and performance. The new Bespoke AI Hybrid Refrigerator adopts a hybrid cooling method that combines Peltier modules, along with a traditional compressor. Peltier modules, or thermoelectric modules, are [...]
SEOUL, Jun. 20 (Korea Bizwire) – As high interest rates and soaring inflation persist, domestic consumption in South Korea has been on a downward trajectory for five consecutive months, according to BC Card. The credit card company reported on June 19 that sales across seven major sectors have declined month-over-month compared to the same period last [...]
SEOUL, Jun. 20 (Korea Bizwire) – Samsung Electronics announced on June 19 that it swept 11 categories, the highest number of awards, at InfoComm 2024, the largest display exhibition in North America, held from the June 12 to 14 in Las Vegas. Samsung Electronics said that the new products and solutions unveiled at the exhibition received [...]
SEOUL, Jun. 20 (Korea Bizwire) – CJ CheilJedang, a leading food company in South Korea, has taken an active stance in upcycling, repurposing wheat bran, a byproduct of flour milling, as an ingredient in bread products. The company announced on June 19 that it is expanding synergies by investing in two food startups, Re:Harvest and SnE [...]
GUNSAN, Jun. 20 (Korea Bizwire) – The city of Gunsan in South Korea is gaining recognition as the nation’s craft beer capital, drawing attention to its upcoming Gunsan Brews & Blues Festival. The event showcases Gunsan’s unique approach to brewing, utilizing locally produced malt from start to finish – from cultivating the grains to fermenting the [...]
SEOUL, Jun. 19 (Korea Bizwire) – Federal prosecutors in South Korea have charged former Samsung Electronics employees with stealing corporate secrets and funneling sensitive information to a shell company run by an ex-executive, in a case that exposes potential vulnerabilities at one of the world’s largest technology firms. The allegations center on Ahn Seung-ho, Samsung’s former [...]
DAEGU, Jun. 19 (Korea Bizwire) – A hotel fitness center in Daegu, South Korea, has ignited a controversy after imposing restrictions on members aged 76 and older, citing safety concerns. According to news reports on June 18, a notice posted at the entrance of a four-star hotel’s health club in Bango-dong stated that “due to frequent [...]
SEOUL, June 18 (Korea Bizwire) – The expected entry of China’s BYD Auto Co. into the South Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which globally has seen a stagnation in growth as of late due to the so-called EV adoption chasm, according [...]
SEOUL, Jun. 18 (Korea Bizwire) – The Seoul Volunteer Center recently operated a ‘Neighbor Vending Machine’ pop-up event themed around community communication at the 2024 Car-Free Jamsugyo Walkathon Festival, it announced on June 17. The concept allowed participants to write down messages or concerns they wanted to share with their neighbors, which would then dispense notes [...]
SEOUL, June 17 (Korea Bizwire) – Naver Corp., South Korea’s biggest internet portal operator, on Monday unveiled a proactive scheme designed to assess and manage risks associated with artificial intelligence (AI) as part of its efforts to safely develop and use the fast-evolving technology. Naver said its AI Safety Framework (ASF) defines potential AI-related risks [...]