SEOUL, Jan. 30 (Korea Bizwire) — In a first for local governments in South Korea, Seoul has launched the ‘Seoul Data Hub,’ an AI-powered public data platform that allows users to access city data using natural language queries. The service, which integrates generative AI technology, enables both experts and ordinary citizens to conveniently obtain information. Users [...]
SEOUL, Jan. 30 (Korea Bizwire) — As South Korea approaches the milestone of 10 million senior citizens aged 65 and older, businesses are being urged to tap into the rising purchasing power of this demographic, according to a new report from the Korea Chamber of Commerce and Industry (KCCI). The report, titled ‘GG Market Strategy Report,’ [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s female suicide rate is projected to worsen through 2030, rising from 15.1 to 16.6 per 100,000 people, even as the overall national suicide rate declines, according to a government health report. The findings were published in the ‘2024 Key Indicator Analysis Report’ by the Ministry of Health and [...]
SEOUL, Jan. 30 (Korea Bizwire) — The share of monthly rental contracts in South Korea’s housing market reached a record high in 2024, nearing 60% of all lease agreements, as rising interest rates and concerns over rental fraud (in particular jeonse frauds) accelerated the transition away from traditional lump-sum deposits. According to data from the Supreme [...]
SEOUL, Jan. 30 (Korea Bizwire) — Naver has introduced Passkey Login, a new authentication method that allows users to log into their accounts using facial recognition or fingerprints instead of passwords. The move is part of the company’s ongoing efforts to enhance privacy and security. According to industry sources, Naver recently launched the passkey system to [...]
SEOUL, Jan. 30 (Korea Bizwire) — Major computer manufacturers are rolling out new laptop models for 2025, with artificial intelligence capabilities taking center stage as a key differentiator in the marketplace. According to a recent Dell report on workplace PC usage and AI PC outlook, users particularly value AI PCs for their ability to handle AI-related tasks [...]
SEOUL, Jan. 30 (Korea Bizwire) — Single women significantly outnumber single men in South Korea’s reverse mortgage program, accounting for nearly five times as many participants, according to recent government housing finance statistics. As of November 2024, single women made up 38% of new reverse mortgage subscribers, compared to just 8.1% for single men. Of the 13,163 [...]
SEOUL, Jan. 30 (Korea Bizwire) — In a significant shift within South Korea’s beauty industry, “inner beauty” supplements are gaining momentum as the next frontier of K-beauty, marking a transition from traditional cosmetics to ingestible beauty products. According to industry sources, the inner beauty segment is experiencing rapid growth, driven by increasing consumer interest in holistic health [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korean drug manufacturers are rapidly expanding their presence in the global autoimmune disease treatment market, challenging the longtime dominance of Western pharmaceutical giants. Autoimmune diseases, which occur when the body’s immune system mistakenly attacks its own organs, tissues, and cells, encompass a range of conditions including rheumatoid arthritis, multiple sclerosis, [...]
SEOUL, Jan. 30 (Korea Bizwire) — Generative AI is becoming a crucial growth engine in the gaming industry, significantly reducing development time for major game companies, according to a new industry analysis. The KDB Future Strategy Research Institute’s Industrial Technology Research Center reported on January 29 that gaming companies are actively implementing AI-based development tools and leveraging [...]