SEOUL, June 6 (Korea Bizwire) — Political uncertainty in South Korea has eased sharply following the June 3 presidential election, returning to levels not seen since before last year’s state of emergency declaration, according to data released by the Bank of Korea. The central bank reported that the nation’s Political Uncertainty Index stood at 1.5 [...]
SEOUL, June 6 (Korea Bizwire) — As President Lee Jae-myung signals a return to the historic Blue House as his presidential office, public interest in visiting the iconic former seat of government is surging. Weekend tour reservations have filled up entirely, reflecting heightened attention to the compound that could soon resume its role as the heart [...]
SEOUL, June 6 (Korea Bizwire) — South Korean brokerage stocks are soaring on renewed optimism over the new administration’s stock market revitalization agenda, fueling a dramatic uptick in leveraged retail investing. But analysts warn that selective, fundamentals-based investment is now essential as market differentiation is expected to intensify. According to data compiled by Yonhap Infomax, credit-based [...]
SEOUL, June 6 (Korea Bizwire) — In an ambitious push to curb waste and promote circular economy practices, the South Korean government has joined forces with local governments and private companies to recycle discarded election banners into construction materials, car interiors, and eco-conscious consumer products. The Ministry of the Interior and Safety announced on Thursday [...]
DAEJEON, June 6 (Korea Bizwire) — The Korea Advanced Institute of Science and Technology (KAIST) announced on Thursday that it has successfully implemented an artificial intelligence-powered virtual teaching assistant (VTA) in a large-scale undergraduate course, marking a significant milestone in AI-driven education. The AI assistant, developed by Professors Yoonjae Choi of the Kim Jaechul Graduate [...]
SEOUL, June 6 (Korea Bizwire) — Samsung Electronics reported on Thursday that usage of its AI-powered “Photo Assist” feature has more than doubled compared to last year, driven largely by the growing popularity of social media content creation among users in their teens and 30s. The data, drawn from Galaxy devices over the past three [...]
SEOUL, June 6 (Korea Bizwire) — In a bid to strengthen its defenses against rising cyber threats, the Seoul Metropolitan Government has announced its first-ever ordinance dedicated to cybersecurity, marking a significant step beyond previous administrative regulations. On Thursday, the city officially unveiled a draft of the Seoul Cybersecurity Ordinance, elevating its current cybersecurity protocols [...]
SEOUL, June 6 (Korea Bizwire) – Global tech giants Apple and Google are facing intensifying legal and political challenges to their longstanding in-app payment fee policies, prompting a growing number of South Korean game and IT companies to join class action efforts in the United States. According to Wither People, a Seoul-based law firm representing the [...]
SEOUL, June 6 (Korea Bizwire) — In a scientific breakthrough with wide-ranging implications for quantum computing and sensing, South Korean researchers have developed the world’s first method for directly measuring “quantum distance,” a fundamental metric in quantum mechanics. The Ministry of Science and ICT announced Thursday that research teams led by Professor Kim Geun-soo of Yonsei [...]
CHUNCHEON, South Korea, June 5 (Korea Bizwire) — In a bid to stabilize South Korea’s troubled dried pollock (hwangtae) industry, Gangwon Special Self-Governing Province announced on Thursday that it will launch a two-day campaign on June 9–10 to restore order to hwangtae distribution. The initiative will take place at the Jumunjin Traditional Market in Gangneung [...]