SEOUL, Oct. 6 (Korea Bizwire) – Over 60 percent of South Korea’s automotive exports throughout most of 2024 have been shipped to North America, industry data showed Sunday, raising calls for companies to consider more balanced global export strategies. According to industry data, exports of the five automotive firms with manufacturing bases in South Korea [...]
SEOUL, Oct. 5 (Korea Bizwire) – A recent survey has revealed that 42.7% of startup founders in South Korea view the current startup ecosystem negatively, highlighting growing concerns over the challenging business climate in one of Asia’s tech hubs. The survey, conducted by Google as part of its ChangGoo program, polled 100 startup leaders between September [...]
SEOUL, Oct. 5 (Korea Bizwire) – An employee at Muan International Airport has successfully had their mental health issues recognized as a work-related injury, the Korea Workers’ Compensation and Welfare Service announced on October 4. The employee, identified only as “A” for privacy reasons, worked in airport security and suffered from panic disorder and severe depression [...]
SEOUL, Oct. 4 (Korea Bizwire) – Samsung Electronics announced plans to integrate artificial intelligence (AI) technology into its Internet of Things (IoT) platform, SmartThings, and expand its reach across product lines, signaling a significant leap in smart home innovation. The announcement came during the Samsung Developer Conference (SDC) 2024, held on October 3 at the McEnery [...]
SEOUL, Oct. 4 (Korea Bizwire) — Cancer, heart disease and pneumonia were among the key causes of death for South Koreans in 2023, data showed Friday, with suicide remaining the top factor among those in their 30s and younger. Last year, the total number of deaths reported in the country came to 352,511, down 5.5 [...]
SEOUL, Oct. 4 (Korea Bizwire) – In a striking paradox, South Korea, a global leader in digital infrastructure and artificial intelligence (AI) adoption, is grappling with widespread worker anxiety about the impact of AI on job security, according to a recent international study. The report, released by researchers Cheong Se-jeong and Shin Young-kyu from the Korea [...]
SEOUL, Oct. 4 (Korea Bizwire) – Public medical institutions in South Korea are grappling with an increasingly severe shortage of doctors, a chronic issue that has pushed salaries to unprecedented levels. In a striking example last year, a public medical center in South Jeolla Province hired an orthopedic surgeon for an annual salary of 620 million [...]
SEOUL, Oct. 4 (Korea Bizwire) – Sales of the Genesis GV80, a luxury SUV from Hyundai Motor’s premium brand, are surging despite its hefty price tag. The vehicle’s sales figures are outpacing those of its more affordable counterpart, the Hyundai Palisade, showcasing the growing appetite for luxury vehicles in the South Korean market. According to Hyundai [...]
SEOUL, Oct. 4 (Korea Bizwire) – Coupang, the South Korean e-commerce giant, has seen an increase in its user base despite raising its membership fees. This development challenges predictions of a mass exodus from the platform and underscores the company’s strong market position in a fiercely competitive landscape. According to data from WiseApp, Coupang’s monthly active [...]
SEOUL, Oct. 4 (Korea Bizwire) – On October 3, the streets of Haebangchon in Seoul’s Yongsan district came alive with color and celebration as the Seoul Drag Parade 2024 made its long-awaited return after a five-year break due to the COVID-19 pandemic. “We wanted to bring drag out of the nightclubs and bars and into the [...]