GIMHAE, Sept. 7 (Korea Bizwire) – In a groundbreaking cultural exchange, artifacts from the Hittite Empire, one of the world’s earliest iron-working civilizations, are set to be exhibited for the first time in South Korea. The exhibition will take place in Gimhae, a city in South Gyeongsang Province renowned as the ancient capital of the Gaya [...]
SEOUL, Sept. 7 (Korea Bizwire) – A recent investigation by the Seoul Metropolitan Government has revealed that only a small fraction of the five-star hotels in the city transparently display all-inclusive room rates on their website homepages, raising concerns about widespread deceptive marketing practices in the luxury hospitality sector. The study, conducted from June 10 to [...]
SEOUL, Sept. 6 (Korea Bizwire) – Samsung Electronics and LG Electronics have introduced their latest artificial intelligence companion robots at IFA 2024, Europe’s largest consumer electronics trade show. Samsung’s offering, a spherical yellow robot named Ballie, took center stage during a demonstration on September 5, a day before the official opening of IFA. The robot showcased [...]
SEOUL, Sept. 6 (Korea Bizwire) – The government said Friday it will conduct prior safety checks on electric vehicle (EV) batteries and require EV makers to disclose their battery brands to address public concerns about spontaneous fires in EVs. The plan was finalized during a government meeting led by Prime Minister Han Duck-soo as part [...]
SEOUL, Sept. 6 (Korea Bizwire) – Carmakers and battery manufacturers in South Korea on Friday expressed their commitment to cooperate with a newly announced set of government measures aimed at preventing spontaneous fires in electric vehicles. Under the plan announced earlier in the day, the government’s EV battery certification system that was scheduled to go [...]
SEOUL, Sept. 6 (Korea Bizwire) – In a bid to address the chronic shortage of software talent in its burgeoning tech industry, South Korea has launched an initiative to recruit skilled developers from India. The Ministry of SMEs and Startups announced on September 5 that 103 Indian software developers have been hired by South Korean venture [...]
SEOUL, Sept. 6 (Korea Bizwire) – In a concerning trend for South Korea’s once-dominant shipbuilding industry, Chinese competitors are rapidly gaining market share, aided by alleged industrial espionage and lenient court rulings in South Korea. The situation has raised alarms about the potential loss of South Korea’s world-leading position in the sector, particularly in the crucial [...]
SEOUL, Sept. 6 (Korea Bizwire) – CJ Logistics, a leading South Korean transportation and logistics company, has reported growing popularity for its AI-driven freight transportation platform, ‘the unban.’ The platform, which directly connects shippers with truck drivers, has gained traction due to its next-day payment system, the company announced on September 5. Launched in July 2023, [...]
WASHINGTON, Sept. 5 (Korea Bizwire) –The United States said Thursday that it is seeking new export controls on quantum computing, advanced semiconductor manufacturing equipment and other technologies, in what it called a national security measure that observers said would have limited ramifications on South Korean firms. The Commerce Department’s Bureau of Industry and Security released [...]
SEOUL, Sept. 6 (Korea Bizwire) – BMW Korea is maintaining a lead in South Korea’s imported vehicle market so far this year, industry data showed Friday, as main rival Mercedes-Benz Korea is faced with a brand reputation setback after a massive fire that broke out from one of its electric vehicles. According to the Korea [...]