SEOUL, June 18 (Korea Bizwire) – The expected entry of China’s BYD Auto Co. into the South Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which globally has seen a stagnation in growth as of late due to the so-called EV adoption chasm, according [...]
SEOUL, Jun. 18 (Korea Bizwire) – The Seoul Volunteer Center recently operated a ‘Neighbor Vending Machine’ pop-up event themed around community communication at the 2024 Car-Free Jamsugyo Walkathon Festival, it announced on June 17. The concept allowed participants to write down messages or concerns they wanted to share with their neighbors, which would then dispense notes [...]
SEOUL, June 17 (Korea Bizwire) – Naver Corp., South Korea’s biggest internet portal operator, on Monday unveiled a proactive scheme designed to assess and manage risks associated with artificial intelligence (AI) as part of its efforts to safely develop and use the fast-evolving technology. Naver said its AI Safety Framework (ASF) defines potential AI-related risks [...]
SEOUL, Jun. 17 (Korea Bizwire) – As electric vehicles (EVs) with extended driving ranges enter the mainstream South Korean market, consumers’ interest in battery technology—a crucial factor determining an EV’s range—is expected to intensify. Some industry observers predict that the proliferation of affordable EVs could ignite fierce competition in battery development. According to auto industry analysts, [...]
SEOUL, Jun. 17 (Korea Bizwire) – A recent study by KT Corporation has revealed that more than half of single-person households in South Korea engage in simultaneous television viewing and mobile device usage, seamlessly combining entertainment with information gathering and online shopping. On June 13, KT announced the findings after analyzing big data from 3 million [...]
SEOUL, Jun. 17 (Korea Bizwire) – LG Electronics has unveiled a premium experience space called “Another Hanok” in Madrid, Spain, designed to showcase its AI-powered appliances and energy-efficient heating, ventilation, and air conditioning (HVAC) solutions, the company announced on June 16. Another Hanok is a traditional Korean-style building outfitted with LG Electronics’ high-efficiency energy products, achieving [...]
SEOUL, Jun. 15 (Korea Bizwire) – In a nationwide survey asking South Koreans to name the former president and business leader they most admire, Roh Moo-hyun and Hyundai’s founder Chung Ju-yung topped the respective lists, highlighting their enduring legacies. The poll by Gallup Korea, conducted between March 22 and April 5 with 1,777 respondents aged 13 [...]
BUAN, Jun. 15 (Korea Bizwire) – The magnitude 4.8 earthquake that struck the city of Buan earlier this week has amplified anxieties across South Korea about the possibility of a more devastating seismic event, prompting many to take precautionary measures like assembling survival kits. With the memory of the destructive quakes in Gyeongju in 2016 and [...]
SEOUL, Jun. 15 (Korea Bizwire) – In their youth, scores of middle managers thrived in demanding roles that required expertise in data analysis, organizational oversight and other specialized skills. But many find themselves driving taxis or working as apartment security guards after reaching their 50s, according to a new government study. The study, released on June [...]
SEOUL, June 14 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, has produced an advertisement campaign for its truck brands using generative artificial intelligence (AI) technology, its ad agency said Friday. Innocean Worldwide Inc., Hyundai Motor Group’s marketing and communications arm, said the three-part video series, titled “Cars That Run Forever,” was created [...]