SEOUL, Oct. 17 (Korea Bizwire) – A recent survey has revealed the emergence of a “new elderly” demographic in South Korea, characterized by higher income, better education, and shifting values regarding inheritance and self-perception of age. This trend, partly attributed to the baby boomer generation (born 1955-1963) entering their senior years, is reshaping traditional notions of [...]
UIJONGBU, Oct. 17 (Korea Bizwire) – In a bid to support small business owners grappling with high commissions and delivery fees, Gyeonggi Province is taking steps to stimulate the market for private delivery apps that charge commission rates of 2% or less. The provincial government announced on October 16 that it would be accepting applications from [...]
SEOUL, Oct. 16 (Korea Bizwire) – As concerns grow over Samsung Electronics’ future, South Korea’s semiconductor industry finds itself at a critical juncture. With China and Taiwan rapidly catching up in technology, there’s mounting anxiety that South Korea could lose its edge in advanced semiconductor markets crucial for artificial intelligence and aerospace applications. At a special [...]
SEOUL, Oct. 16 (Korea Bizwire) – The Seoul Metropolitan Government announced on October 15 that it will conduct a comprehensive audit of 1,000 medical clinics that handle propofol, a powerful sedative, on average more than once a day. The audits will run from November 17 through January of next year. City officials cited the increasing misuse [...]
SEOUL, Oct. 16 (Korea Bizwire) – Transportation-related information, particularly subway data, has emerged as the most sought-after public dataset among Seoul residents, according to a report released October 15 by the Seoul Digital Foundation. The report, titled “Seoul Public Data in My Hand,” provides insights into how citizens are engaging with the city’s open data initiative. [...]
SEOUL, Oct. 15 (Korea Bizwire) – Revenue from shared accommodation in South Korea has increased more than tenfold over the past three years, with nearly half of the total income generated by individuals in their 20s and 30s, according to a recent analysis of National Tax Service data. Representative Cha Gyu-geun of the Rebuilding Korea Party [...]
SEOUL, Oct. 15 (Korea Bizwire) – As the race to dominate the future of the automotive industry intensifies, with a focus on electrification and software-defined vehicles (SDVs), a wave of strategic partnerships is reshaping the global automobile market. Industry analysts suggest these alliances are largely driven by a shared concern: the need to respond to China’s [...]
SEOUL, Oct. 14 (Korea Bizwire) – As Free Ad-Supported Streaming TV (FAST) gains traction, companies and brands are increasingly launching their own channels on these platforms, viewing them as a new frontier for product and service promotion. FAST channels, which offer free content in exchange for watching advertisements, are primarily consumed on smart TVs. They combine [...]
SEOUL, Oct. 14 (Korea Bizwire) – YouTube’s decision to extend the maximum length of its short-form video service, Shorts, from 60 seconds to 3 minutes is set to reshape the competitive landscape of video platforms in South Korea. The change, effective October 15, was announced on YouTube Korea’s blog, operated by Google Korea. Todd Sherman, YouTube’s [...]
SEOUL, Oct. 14 (Korea Bizwire) – The familiar “Settings” menu, long a staple of smartphone interfaces, may soon become a relic of the past on Samsung Galaxy devices. This shift reflects a broader trend in the digital manufacturing industry, where artificial intelligence (AI) is increasingly being used to interpret and execute user intentions without explicit commands. [...]