WASHINGTON, Feb. 19 (Korea Bizwire) — As U.S. President Donald Trump signals interest in closer cooperation with South Korea’s shipbuilding industry, HD Hyundai Heavy Industries has reaffirmed its commitment to working with the United States on naval shipbuilding and repair capabilities. Speaking at a Hudson Institute event in Washington, D.C., on February 19, Ji-hoon Kim, an [...]
SEOUL, Feb. 19 (Korea Bizwire) — Samsung is set to convene a large-scale executive seminar as the company navigates a complex landscape of internal and external challenges. According to industry sources, the South Korean conglomerate will hold a special training program titled “Value Education for Restoring Samsung’s Identity” from late February through April. The event, organized [...]
SEOUL, Feb. 19 (Korea Bizwire) — The recent passing of 25-year-old actress Kim Sae-ron has reignited concerns over cyber harassment and sensationalist media coverage, as South Korea grapples with repeated tragedies involving public figures subjected to relentless online attacks. While public mourning often leads to temporary calls for self-reflection, history suggests the cycle of online [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korean companies are taking bold steps to combat the nation’s record-low birthrate by offering substantial financial incentives to employees who have children. Gaming company Krafton recently announced a groundbreaking birth incentive program, offering employees KRW 60 million ($41,400) upon the birth of a child. Additionally, the company will provide [...]
SEOUL, Feb. 19 (Korea Bizwire) — Cheil Worldwide has unveiled an innovative adoption campaign in collaboration with YouTube channel ‘King of Positivity, Kim Ttangkong,’ introducing ‘Dogppelgänger’—a service that uses artificial intelligence (AI) to match individuals with their lookalike rescue dogs. The name ‘Dogppelgänger’ is a fusion of ‘dog’ and ‘doppelgänger,’ reflecting the campaign’s AI-driven approach [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s pharmaceutical and biotech sector has kicked off 2024 with a flurry of merger and acquisition activity, as companies move to strengthen their market positions and diversify their portfolios. GC Wellbeing, a subsidiary of GC Group, recently acquired Inibio, a developer of botox products, in a move to expand [...]
SEOUL, Feb. 19 (Korea Bizwire) — A recent analysis has found that 5G signal strength in Seoul’s Lotte World Tower weakens significantly at higher floors, highlighting potential indoor coverage challenges in skyscrapers. According to Ookla, the operator of the network speed testing site Speedtest, the Reference Signal Received Power (RSRP) at the lower floors of [...]
SEOUL, Feb. 19 (Korea Bizwire) — Generative artificial intelligence (AI) has emerged as the most desired product in the new subscription application product category among consumers in their 20s and 30s, a poll showed Wednesday. According to the survey conducted recently on 1,000 adults by market research firm Macromill Embrain, 94.8 percent of respondents said [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korean dairy companies are finding new growth opportunities through baby formula exports, particularly in Southeast Asia, where shipments have tripled over the past decade. According to data from the Korea Agro-Fisheries & Food Trade Corporation (aT), baby formula exports to the 10 ASEAN member countries reached a record high [...]
SEOUL, Feb. 19 (Korea Bizwire) — For the first time in 39 months, South Korea’s mobile virtual network operator (MVNO) market has recorded a decline in subscriber numbers, signaling increased competition from major telecom providers. According to wireless communication service statistics released by the Ministry of Science and ICT on February 18, the number of [...]