SEOUL, Aug. 19 (Korea Bizwire) — The chief of the state-run Korea Hydro & Nuclear Power Co. (KHNP) confirmed Tuesday the company has closed operations in Poland amid speculations that its agreement with U.S. energy firm Westinghouse over an intellectual property (IP) dispute influenced the decision. “After the new Polish administration took office … the [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korea’s biggest conglomerates could see their founding families lose significant sway over board oversight if a second round of corporate law revisions clears the National Assembly, according to a new analysis. Leaders Index, a corporate research firm, said Tuesday that under the proposed reforms, roughly 38 percent of [...]
SEOUL, Aug. 19 (Korea Bizwire) — A $26 billion nuclear power contract won by South Korean firms in the Czech Republic is drawing scrutiny after revelations that Korea Hydro & Nuclear Power (KHNP) and Korea Electric Power Corp. (KEPCO) signed a sweeping agreement with Westinghouse Electric that could bind Seoul’s industry to decades of costly obligations. [...]
DAEJEON, Aug. 19 (Korea Bizwire) — A team of South Korean scientists has identified a previously unknown molecular pathway that may help explain why depression develops — and why standard treatments often fail in older patients. KAIST announced Tuesday that its researchers, working with the National Forensic Service and Ajou University Hospital, discovered that heightened [...]
SEOUL, Aug. 19 (Korea Bizwire) — Naver Webtoon is bringing the aesthetics of short-form video to digital comics, testing a new feature that turns webtoons into five-minute video episodes on its English-language platform. The company said Monday it had introduced the “video episode” function in beta, adding animation, sound effects, background music, and voice acting [...]
SEOUL, Aug. 19 (Korea Bizwire) — As daily life becomes increasingly reliant on digital tools, a new government survey has found that nearly one in 12 South Korean adults lacks the basic digital skills needed to navigate common tasks such as booking train tickets through an app, checking online invitations, or sending money via banking apps. [...]
SEOUL, Aug. 19 (Korea Bizwire) — A low orbit satellite internet service is expected to be launched in South Korea next month, with global providers Eutelsat OneWeb and SpaceX preparing to introduce the next-generation internet access from space, industry sources said Tuesday. Eutelsat OneWeb, a subsidiary of the French business group Eutelsat, has already completed [...]
SEOUL, Aug. 19 (Korea Bizwire) — In a striking response to rising emotional isolation, Seoul’s “Hello Loneliness 120” helpline has received over 15,000 calls since its launch in April, far surpassing its annual goal by more than fivefold, according to the Seoul Welfare Foundation’s Isolation Prevention Center on Monday. Launched as South Korea’s first loneliness [...]
SEOUL, Aug. 19 (Korea Bizwire) – As South Korea grapples with relentless summer heat, an unlikely battleground has emerged: the thermostat. In office buildings and on subways, debates over air-conditioning settings have intensified, exposing a deep divide in how people experience temperature — and how they express it. Commuters trade complaints online, with some lamenting [...]
SEOUL, Aug. 19 (Korea Bizwire) – A government policy aimed at reducing smoking through tobacco tax increases appears to have only short-term impact, with a recent study revealing that the sales drop triggered by higher prices typically vanishes within four months. According to a new report released Monday by the Korea Institute for Health and [...]