JEJU, Nov. 14 (Korea Bizwire) – The Southern Bottlenose Dolphins of Jeju, beloved by Woo Young-woo, the heroine of the popular Korean drama ‘Extraordinary Attorney Woo,’ will now possess basic legal rights similar to those of a person. On Monday, the Jeju Special Self-Governing Provincial Government announced its intention to amend the ‘Jeju Special Self-Governing Province [...]
SEOUL, Nov. 13 (Korea Bizwire) – The adoption of artificial intelligence (AI) in financial services by commercial banks is rapidly gaining momentum. Specifically, the integration of generative AI, which derives new value by learning from existing data, is being hailed as a pivotal driver of growth within the financial sector and a cornerstone of innovation in [...]
SEOUL, Nov. 10 (Korea Bizwire) – The government is poised to announce a series of measures later this year to break the monopoly held by banks as they have been raking in record profits from interest income, according to sources from the presidential office on Friday. This decision follows President Yoon Suk Yeol’s strong criticism [...]
SEOUL, Nov. 10 (Korea Bizwire) – A recent study has revealed that degenerative brain disease can occur as an aftereffect of COVID-19 infection. On Thursday, the Korea Brain Research Institute (KBRI) announced the findings of a joint study between the research team of its dementia research group, led by Dr. Kim Do-geun, and professor Choi In-soo’s [...]
SEOUL, Nov. 10 (Korea Bizwire) – Working-class individuals in South Korea are finding themselves compelled to resort to revolving loans carrying an annual interest rate of 20 percent. This shift is a consequence of savings banks and card companies, typically the go-to sources for emergency funds among ordinary people, raising the bar for access to long-term [...]
SEJONG, Nov. 10 (Korea Bizwire) – Over the past three months, large business groups boasting assets exceeding 5 trillion won have expanded their influence in the automotive and transportation sectors. The Korea Fair Trade Commission recently unveiled the “Status of Changes in Companies Belonging to Large Business Groups (August-October),” revealing that as of November 1, the [...]
SEOUL, Nov. 9 (Korea Bizwire) – The National Human Right Commission on Thursday recommended mega coffee chain Starbucks provide sign language services or install kiosks at its drive-through stores to ensure equal access for the hearing-impaired and customers with language challenges. The recommendation was in response to a petition filed by hearing-impaired customers and others [...]
SEJONG, Nov. 9 (Korea Bizwire) – More than half of South Koreans believe that the younger generation has a lower chance of climbing the social ladder. In addition, seven out of 10 elderly people live separately from their children, and eight out of 10 of them earn their living independently. Statistics Korea announced the results of [...]
SEOUL, Nov. 9 (Korea Bizwire) – On Wednesday, HD Hyundai Infracore announced the release of South Korea’s first 130-ton excavator designed for demolition, bearing the model name DX1000LC-7 Demolition. The company also recently delivered the inaugural unit. Compared to existing models, the DX1000LC-7 Demolition has seen its working range grow by 10 meters, enabling work at [...]
SEOUL, Nov. 8 (Korea Bizwire) – The Ministry of Oceans and Fisheries announced a ban on the installation of new buoys made from Styrofoam (expanded polystyrene) at all aquaculture fishing grounds, starting from November 13. Styrofoam buoys have been recognized as a significant contributor to the issue of marine microplastics. The restriction on new Styrofoam [...]