WASHINGTON, March 10 (Korea Bizwire) – A White House official reiterated the United States’ commitment to the “complete” denuclearization of North Korea on Monday, after Pyongyang fired multiple ballistic missiles in its first known launch since U.S. President Donald Trump took office in January. “We’re aware of the missile launches and refer you to U.S. [...]
SEOUL, March 10 (Korea Bizwire) — At Mobile World Congress (MWC) 2025, LG Uplus announced a partnership with Google’s Gemini AI, marking the final piece of South Korea’s major telecom companies unveiling their strategic AI alliances. With this move, SK Telecom has aligned with Anthropic and Perplexity, KT has partnered with Microsoft, and LG Uplus [...]
SEOUL, March 10 (Korea Bizwire) — South Korea’s biotech, pharmaceutical, and healthcare companies are ramping up efforts to address the country’s low birth rate by introducing expanded family-friendly policies, including enhanced parental leave, financial incentives for childbirth, and workplace childcare support. According to industry sources on Sunday, Kakao Healthcare has begun offering free continuous glucose [...]
SEOUL, March 10 (Korea Bizwire) — Leading South Korean electronics component manufacturers are bouncing back from the global IT slowdown by focusing on high-value products driven by artificial intelligence (AI) technology. LG Innotek and Samsung Electro-Mechanics, which achieved record sales last year despite profitability challenges, are now poised for a significant turnaround. According to market consensus [...]
SEJONG, March 10 (Korea Bizwire) — Financial authorities in South Korea have announced new measures to encourage domestic investment and support the won’s value, including raising the mandatory domestic stock investment ratio for specialized Individual Savings Accounts (ISA) and lifting restrictions on won-denominated “Kimchi bonds”. The Ministry of Economy and Finance, Financial Services Commission, Bank of [...]
SEOUL, March 10 (Korea Bizwire) — North Korea on Monday urged Japan to investigate and apologize to Korean victims killed in the U.S. firebombing of Tokyo in 1945, near the end of World War II, a day before Japan is set to mourn the victims of the devastating air raid. The demand was issued by [...]
SEOUL, March 10 (Korea Bizwire) — A new survey has revealed that many social media users primarily access platforms to kill time, with TikTok showing the strongest tendency toward habitual, passive consumption. According to the “2024 Social Media User Survey” conducted by the Korea Press Foundation, 48.7% of TikTok users cited “killing time or habitual use” [...]
SEOUL, March 10 (Korea Bizwire) — A recent survey has revealed that nearly one in three South Korean workers has either experienced or witnessed situations where employers pressure employees to resign voluntarily rather than formally terminate their employment. According to a survey conducted by Global Research on behalf of the workplace advocacy group Gabjil 119, 27% [...]
SEOUL, March 10 (Korea Bizwire) — South Korean tech powerhouses Samsung Electronics and LG Electronics are intensifying efforts to secure early positions in the humanoid robot market through strategic investments, workforce realignment, and research and development initiatives. Samsung recently deployed approximately 40 personnel from Samsung Research and related departments to its newly established Future Robot Task [...]
SEOUL, March 10 (Korea Bizwire) — In the race to solve overheating challenges in electric vehicle batteries, immersion cooling technology—already gaining traction in data centers and energy storage systems—is emerging as a promising solution. Immersion cooling uses non-conductive cooling fluids to disperse heat from EV batteries, data centers, and energy storage systems. The technology offers superior [...]