CHUNGJU, Sept. 20 (Korea Bizwire) – A new chapter in cultural exchange is set to unfold in the northern Polish port city of Gdansk as it prepares to welcome the first overseas training center for Taekkyeon, a traditional Korean martial art, on September 23. The 98-square-meter facility, located in a building owned by the city of [...]
SEOUL, Sept. 20 (Korea Bizwire) – In a breakthrough that could revolutionize the treatment of neurological disorders, South Korean researchers have developed technology that tailors electronic stimulation to individual brain patterns, potentially offering new hope for patients with drug-resistant conditions. The Institute for Basic Science (IBS) announced on September 19 that a team led by researchers [...]
SEOUL, Sept. 19 (Korea Bizwire) – Police will invest 9.1 billion won (US$6.8 million) over the next three years to develop technology for detecting deepfake, voice cloning and other fabricated content, the police agency said Thursday. The National Police Agency announced the investment as part of its budget plan for next year, which totals 13.54 [...]
SEOUL, Sept. 19 (Korea Bizwire) – The rapid growth of coworking spaces in Seoul, which surged during the COVID-19 pandemic, is now showing signs of deceleration. This shift is attributed to a decline in demand from the startup sector and the recent bankruptcy of WeWork, the pioneer of the coworking model. According to a report released [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a significant shift in South Korea’s automotive landscape, imports of Chinese electric vehicles have surpassed the 1 trillion won mark this year, according to data from the Ministry of Trade, Industry and Energy and the Korea International Trade Association. From January to July, South Korea’s battery electric vehicle (BEV) [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a milestone for consumer technology in space exploration, Samsung Electronics announced on September 18 that its Galaxy Watch5 was utilized in a body composition monitoring study during the Polaris Dawn project, the first-ever civilian spacewalk mission. The study, led by the University of Hawaii Cancer Center, aimed to monitor [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a recent evaluation of the world’s best cancer hospitals, three South Korean medical institutions have secured positions within the top 10, marking a significant achievement for the country’s healthcare system. According to Newsweek’s “World’s Best Specialized Hospitals” rankings released on September 18, Samsung Medical Center, Asan Medical Center, and [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a sign of growing financial strain on South Korea’s middle and lower-income households, credit card loans, often a last resort for quick cash, have reached unprecedented levels this year. According to data released on September 18 by the Credit Finance Association, the outstanding balance of card loans, including debt [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a significant shift that could reshape geopolitical dynamics in Southeast Asia, South Korea is on the brink of its first-ever arms sale to a communist nation. Industry insiders and government sources revealed on September 18 that negotiations to export the K9 self-propelled howitzer to Vietnam are progressing positively. While [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a move to elevate customer satisfaction, Hyundai Department Store announced on September 18 the implementation of an artificial intelligence (AI) system called Insight Labs to assist its employees in customer interactions. Developed in-house, Insight Labs is designed to analyze customer complaints and feedback related to department store experiences, offering [...]