SEOUL, July 24 (Korea Bizwire) — South Korea’s domestic AI industry is demonstrating impressive progress, producing globally recognized models despite limited access to computing infrastructure and top-tier talent. Industry analysts say the recent string of successes strengthens Seoul’s broader goal of becoming a top-three global AI power by developing its own sovereign AI capabilities. According [...]
SEOUL, July 24 (Korea Bizwire) – Restaurants remained the most common workplace for South Korean teenagers working part-time jobs last year, but new data suggests significant changes in youth employment patterns over the past decade. According to a study released Tuesday by the National Youth Policy Institute, 39.3% of middle and high school students who worked [...]
CHANGWON, July 24 (Korea Bizwire) – As South Korea grapples with more frequent extreme weather events, local governments are facing heightened responsibility—and legal scrutiny—for their disaster preparedness and response. Recent court records show that while municipalities have been sued for alleged negligence following natural disasters, they have largely avoided liability. However, growing public and political [...]
SEOUL, July 24 (Korea Bizwire) — South Korea’s National Assembly on Wednesday passed the country’s first dedicated law to support and promote community enterprises, small-scale businesses operated by local residents to tackle regional challenges such as population decline and job shortages. The new legislation—the Community Enterprise Promotion and Support Act—was spearheaded by the Ministry of [...]
ANDONG, South Korea, July 24 (Korea Bizwire) – South Korea’s North Gyeongsang Province announced plans Wednesday to build rapid freezing facilities in Yeongdeok and Pohang to preserve the freshness of bluefin tuna, which has recently been caught in growing quantities off the country’s east coast. The rise in sea temperatures and an abundance of bait [...]
SEOUL, July 24 (Korea Bizwire) — South Korea’s Constitutional Court announced Tuesday that legislation governing compensation for livestock culling during infectious disease outbreaks has been amended in line with a 2023 court ruling that found parts of the law unconstitutional. In May 2023, the court ruled that a clause in the Livestock Epidemic Prevention and [...]
SEOUL, July 24 (Korea Bizwire) — General Motors will continue importing several vehicle models from South Korea despite profit headwinds from tariffs imposed during former U.S. President Donald Trump’s administration, the company said Tuesday. In the company’s second-quarter earnings call, GM CEO Mary Barra emphasized the strong performance of the automaker’s Korean assembly plants, calling [...]
SEOUL, July 24 (Korea Bizwire) — South Korean chipmaker SK hynix will pay all employees a productivity incentive (PI) bonus equivalent to 150% of their monthly base salary for the first half of 2025, the company announced Tuesday. The move reflects the firm’s exceptional financial performance, driven by its dominant position in the high-bandwidth memory [...]
SEOUL, July 23 (Korea Bizwire) — The Seoul Metropolitan Government announced Wednesday the deployment of 125 new “Digital Guides”—individuals tasked with assisting elderly citizens in using digital tools such as kiosks, mobile apps, and online ticketing systems at subway stations, welfare centers, and public parks. The new cohort, part of the city’s 7th class of Digital [...]
SEOUL, July 23 (Korea Bizwire) — In a bid to enhance emergency response during disasters, the Seoul Metropolitan Government has introduced South Korea’s first AI-powered 119 emergency call system, allowing residents to report incidents quickly and conveniently—even during surges in call volume caused by extreme weather or large-scale emergencies. The AI callbot system, launched on [...]