SEOUL, Sept. 24 (Korea Bizwire) — Seoul city plans to install an eco-friendly air conditioning system, which uses renewable hydrothermal energy created with water from the Han River, at a public transit complex planned to be built by 2027, its officials said Thursday. A hydrothermal energy system is a technology that uses water temperature that [...]
DAEJEON, Sept. 24 (Korea Bizwire) — The state-run Electronics and Telecommunications Research Institute (ETRI) announced on Wednesday that it has developed a virtual reality (VR) fire extinguishing training simulator that allows firefighters to be trained in real-like fire environments. The VR training simulator was developed to enable fire extinguishing training using real fire extinguishing equipment. [...]
SEOUL, Sept. 24 (Korea Bizwire) — A recent study revealed that an artificial intelligence (AI) chatbot developed for cognitive behavioral therapy for those suffering from panic disorder actually has an effect in the alleviation of symptoms. A research team from the Gangnam Severance Hospital announced on Wednesday that such a result was achieved in a [...]
SEOUL, Sept. 23 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile network provider, said Wednesday it aims to commercialize its 5G network on the 28-gigahertz (GHz) band by the end of this year, targeting businesses with faster network speeds. Local telecom operators currently offer 5G on the 3.5-GHz band since commercializing the network [...]
SEOUL, Sept. 23 (Korea Bizwire) — A leaked document is making the rounds in the streaming community in South Korea after it exposed what could possibly be the subscription pricing for the Disney Plus, a major competitor against Netflix. A recent post on Twitter and other social media revealed that a Disney Plus mobile subscription [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korean life insurance companies are launching mini-plans that come with affordable premiums and simple insurance policies to target young customers. The Korea Life Insurance Association said on Tuesday that mini-plans are becoming a new trend in the insurance industry. Normally, a life insurance plan requires customers to pay [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korean manufacturers of electric vehicle (EV) batteries on Wednesday showed mixed reactions to Telsa’s ambitious road map to cut the cost of EV batteries in half. Tesla said its new cylindrical cells would reduce the cost per kilowatt hour by 56 percent and extend its electric vehicle range [...]
SEOUL, Sept. 23 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., unveiled its intention not to allocate a new model to one of its South Korean plants, igniting strong backlash from its labor union. During its wage negotiations with the labor union on Monday, the management of GM Korea [...]
SEOUL, Sept. 22 (Korea Bizwire) — A Jehovah’s Witness who objected military service based on his religious faith has been convicted for violation of the Military Service Act. The grounds for the guilty verdict was that he previously enjoyed playing online shooting games, killing other gamers without feeling any pangs of conscience. For the man [...]
SEOUL, Sept. 22 (Korea Bizwire) — A recent survey has confirmed that a growing number of South Koreans would consider tying the knot with an individual from another country. The Seoul-based Overseas Koreans Foundation conducted a survey of 1,000 Koreans aged over 19 years old, 30 percent of whom showed interest in international marriage. Roughly [...]