SEOUL, May 17 (Korea Bizwire) —Nurses are protesting against President Yoon Seok-yeol’s veto of a controversial bill that would define the roles and responsibilities of nurses, expressing concerns about potential disruptions to the public healthcare system. On Wednesday, the Korean Nurses Association (KNA) announced their intention to engage in a so-called “work-to-rule” campaign. They plan [...]
BUSAN, May 17 (Korea Bizwire) —SNT Motiv announced on Wednesday that it has entered into a contract with the Korea Defense Acquisition Program Administration to supply the ‘Special Operations Submachine Gun Type II Project.’ The project aims to provide modern rifles for special forces engaged in activities such as counter-terrorism and open warfare. These rifles [...]
SEOUL, May 17 (Korea Bizwire) — Samsung Electronics Co. introduced a tactical edition mobile device during its participation in the 2023 Special Operations Forces Week (SOF Week) convention held in Tampa, Florida last week. Derived from the Galaxy S23 and the rugged smartphone Galaxy X Cover 6 Pro, the tactical edition mobile device aims to enhance [...]
SEOUL, May 16 (Korea Bizwire) — Starbucks Coffee Korea, which experienced a slowdown in sales growth last year, is seeking new ventures to secure a fresh growth engine. The company held a board meeting in late March and revised its articles of association to include 65 additional business purposes, according to industry sources. Among the [...]
SEOUL, May 15 (Korea Bizwire) — South Korean cosmetics industry is increasing its focus on products for men due to the growing number of men wearing makeup. B.READY, a men’s cosmetics brand under Amorepacific Corp., has consistently achieved double-digit growth since its establishment in 2019. Last month, the brand’s sales were 173 percent higher than [...]
SEOUL, May 15 (Korea Bizwire) — South Korea is grappling with a serious social challenge posed by its alarmingly low birth rate, one of the lowest in the world. An analysis conducted by the Korea Labor Institute has revealed that income inequality among men may be a crucial factor contributing to declining marriage rates, which, [...]
SEOUL, May 14 (Korea Bizwire) — The next-generation South Korean destroyer, known as the KDDX and also dubbed a “mini-Aegis ship” due to its 6,500-ton displacement, will be the first Korean warship to be developed as an “electric ship.” The incorporation of an “integrated electric propulsion system,” which eliminates engines and transmissions, allows for a [...]
SEOUL, May 14 (Korea Bizwire) — Samsung Electronics Executive Chairman Lee Jae-yong met with Tesla CEO Elon Musk earlier this week, Samsung said Sunday, hinting at a potential business partnership between the world’s leading chipmaker and the electric vehicle giant. Lee held the meeting with Musk on Wednesday (U.S. time) at Samsung Electronics’ semiconductor research [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s ICT ministry said Friday that it has canceled the license for the new 28 gigahertz spectrum of high-speed 5G network owned by SK Telecom Co., South Korea’s No. 1 wireless carrier, citing a lack of investment. SK Telecom had been given the right to use the high-speed [...]
SEOUL, May 12 (Korea Bizwire) — Korea’s healthcare industry is about to witness the debut of an innovative Artificial Intelligence (AI) virtual human home trainer for the first time. EstSoft, a leading AI services provider, revealed on Friday that it had introduced a home training service in collaboration with Shinhan-Cubeon, a digital healthcare subsidiary of [...]