SEOUL, July 26 (Korea Bizwire) — So-called ‘edutech’ businesses that graft new technologies such as artificial intelligence (AI), virtual reality (VR) and big data into the educational space are enjoying rising popularity in South Korea. Kim Mi-kyung, a popular lecturer and dean of online university MKYU, recently joined hands with AI start-up MINDs Lab Inc. [...]
SEOUL, July 24 (Korea Bizwire) — Despite an extended heat wave scorching South Korea for nearly a week, almost all popular beaches nationwide were noticeably quieter than usual on Saturday, apparently due to growing public jitters over the spread of COVID-19. Unrelenting hot weather continued in most parts of the country for the sixth consecutive [...]
SEOUL, July 23 (Korea Bizwire) — The level of interest in the Tokyo Summer Games is sharply lower in South Korea compared to past events, a survey showed Friday. According to a survey of 1,003 people aged 18 and older conducted by Gallup Korea from Tuesday to Thursday, only 32 percent of respondents said they [...]
SEOUL, July 23 (Korea Bizwire) — Kakao Corp., which operates South Korea’s most popular mobile messenger Kakao Talk, is diversifying in a wide variety of industries. Recently, the tech giant has turned to chauffeur services, flower deliveries and even hair salons, driven largely by consumer demand. Kakao’s strategy is to enter the taxi and banking [...]
SEOUL, July 23 (Korea Bizwire) — A transition in the style of media reporting on suicide committed by celebrities leads to a reduction in the suicide rate among non-celebrities, a recent study showed. A research team from Samsung Medical Center conducted a study on the changes in the suicide rate in South Korea between 2005 [...]
SEOUL, July 23 (Korea Bizwire) — With the onset of the vacation season, the so-called ‘workation,’ referring to working from a vacation destination, is spreading throughout the business world. As a contactless working environment is becoming a new norm in the pandemic era, companies are allowing employees to work not only from home but also [...]
SEOUL, July 23 (Korea Bizwire) — South Korea plans to begin a pilot operation of a mobile driver’s license in January next year in a bid to help people verify their identities more conveniently, a senior government official said Friday. First Vice Finance Minister Lee Eog-weon said if introduced, mobile driver’s licenses will be easily [...]
SEONGNAM, July 23 (Korea Bizwire) — A local university’s student venture club has developed an eye-catching sock for visually impaired people. The innovative sock has been selling well, proving its commercial value. Gachon University’s student venture club ‘re;sight’ developed a sock that can be ‘seen’ through one’s fingertips. The sock has been designed for visually [...]
SEOUL, July 22 (Korea Bizwire) — Electric scooter sharing companies are stepping up to diversify by introducing electric bicycles, or building parking spaces reserved for personal mobility vehicles. Following setbacks caused by a new mandatory helmet policy and stricter enforcement on illegal parking, these startups are trying to come up with alternative means of survival. [...]
SEOUL, July 22 (Korea Bizwire) — Foreign cryptocurrency exchanges targeting Korean people will face blocked access to their websites and criminal probes unless they register with South Korea’s anti-money laundering body, the nation’s top financial regulator said Thursday. By Sept. 24, all cryptocurrency exchanges using Korean currency must register with the Korea Financial Intelligence Unit [...]