SEOUL, May 14 (Korea Bizwire) — Starting this June, South Korea will begin using artificial intelligence in clinical settings to assist with the interpretation of chest X-rays, aiming to enhance early detection of major pulmonary diseases such as lung cancer and tuberculosis. The Ministry of Health and Welfare has designated the AI-assisted diagnostic tool as an [...]
SEOUL, May 14 (Korea Bizwire) — South Korea’s pharmaceutical and biotech companies view the Trump administration’s push to lower U.S. prescription drug prices as a potential tailwind for domestic drugmakers, particularly those in the biosimilar space. Former President Donald Trump, who is expected to run again in the 2026 election, issued an executive order last week [...]
SEOUL, May 13 (Korea Bizwire) — South Korea’s eco-friendly market has surged to a valuation of 34 trillion won (approximately $24.7 billion), but consumer participation in sustainable practices is on the decline, a new survey by the Korea Consumer Agency reveals. The nationwide study, which polled 3,200 adults, found that although 66.4% of respondents are currently [...]
SEOUL, May 13 (Korea Bizwire) — South Korea’s department store sector suffered a difficult first quarter as sluggish domestic consumption weighed heavily on sales and profits, with only Lotte Department Store managing to post a notable profit boost, thanks to strong performance in overseas operations and internal restructuring efforts. According to industry data released Tuesday, Lotte [...]
SEOUL, May 13, 2025 — As South Korea’s spring university festival season gets underway, growing tension is emerging on campuses over the disruptive presence of so-called “home masters” — obsessive fan photographers who descend on student events with professional-grade cameras to capture images of celebrity performers. “Home master,” abbreviated from “homepage master,” refers to fans [...]
GANGNEUNG, South Korea, May 13 (Korea Bizwire) — The family of a 12-year-old boy who died in a suspected sudden unintended acceleration (SUA) incident in late 2022 has lost a civil lawsuit against the vehicle manufacturer, underscoring the legal challenges consumers face in proving vehicle defects under South Korea’s current product liability law. The accident occurred in [...]
SEOUL, May 13 (Korea Bizwire) — POSCO Group announced on Tuesday a capital injection exceeding ₩900 billion (approximately $670 million) into its key secondary battery subsidiaries, aiming to weather a temporary slump in electric vehicle (EV) demand and reinforce its position in the battery materials sector ahead of a projected market rebound. The move comes as [...]
SEOUL, May 13 (Korea Bizwire) — Samsung Electronics Co. on Tuesday unveiled its new Galaxy S25 Edge smartphone, featuring an ultra-slim design, advanced camera technology and artificial intelligence (AI). The new smartphone measures 5.8 millimeters thick, significantly thinner than the Galaxy S25′s 7.2 mm and the Galaxy S25 Plus’ 7.6 mm, according to the company. [...]
SEOUL, May 13 (Korea Bizwire) — Unregulated electronic cigarette vending machines selling synthetic nicotine products are proliferating near schools in South Korea, sparking public concern over youth access and health risks, amid mounting calls for legislative reform. A recent investigation revealed unmanned vape shops operating near elementary, middle, and high schools in central Seoul, often [...]
SEOUL, May 13 (Korea Bizwire) — Humanoid robots are emerging as a key industry of the future in the face of accelerating global aging, but overcoming critical challenges in power efficiency and control systems will be essential for mass adoption, a recent report by KDB Future Strategy Research Institute said. Citing a February 2025 forecast by [...]