SEOUL, Aug. 7 (Korea Bizwire) – In a move to strike a balance between corporate expansion and small business protection, South Korea has announced changes to regulations governing bakery chains. The new rules, set to take effect this month, will allow major bakery companies to open more stores while slightly relaxing distance restrictions from smaller, independent [...]
SEOUL, Aug. 7 (Korea Bizwire) – South Korean artificial intelligence (AI) healthcare companies are making significant progress in the global market, with recent developments highlighting their competitiveness and potential for expansion. Lunit, a leader in AI-powered cancer diagnostics, has announced that its chest X-ray analysis solution, Lunit Insight CXR, has received approval from the World Health [...]
SEOUL, Aug. 7 (Korea Bizwire) — The recent electric vehicle fire incidents involving Mercedes-Benz and Kia models could not have come at a worse time for the local automotive industry, which has been eagerly preparing to introduce ambitious new electric models to tackle the so-called EV adoption chasm. While waiting for the official investigation results, [...]
SEOUL, Aug. 7 (Korea Bizwire) — LG AI Research, the artificial intelligence lab under South Korea’s LG Group, unveiled the third generation of its giant, multimodal AI model EXAONE on Wednesday, offering improved performance and cost efficiency for its users. To contribute to the development of the AI ecosystem, LG AI Research said it has [...]
SEOUL, Aug. 7 (Korea Bizwire) — Veterans Minister Kang Jung-ai discussed ways to expand support for Ethiopian veterans of the 1950-53 Korean War with the country’s defense minister, Aisha Mohammed, her office said Wednesday. During their meeting in Addis Ababa on Tuesday, Kang expressed gratitude for the country’s participation in the Korean War, and requested [...]
SEOUL, Aug. 7 (Korea Bizwire) – Seoul Metro announced on August 6 that it will hold the 15th Seoul Metro International Subway Film Festival (SMIFF) from August 29 to September 25. The festival, co-organized by Seoul Metro and the Seoul International Extreme-Short Image & Film Festival, with sponsorship from Shinhan Card, continues to showcase ultra-short films [...]
HONGSEONG, Aug. 7 (Korea Bizwire) – A recent report from the Chungnam Fire Department in South Korea reveals a concerning trend: fires involving personal mobility devices, particularly electric scooters, are spiking during the summer months. According to data released on August 6, out of 25 fires involving personal mobility devices recorded since 2019, nine incidents (36%) [...]
SEOUL, Aug. 7 (Korea Bizwire) – A recent survey has revealed that 7 out of 10 South Korean companies are either currently affected or anticipate future impacts from China’s aggressive low-price export strategy. This development comes amid concerns that the strategy may persist due to rising inventory levels in China. According to a study conducted by [...]
SEOUL, Aug. 6 (Korea Bizwire) — A memorial wall engraved with the names of Ethiopian veterans of the 1950-53 Korean War has been established in Addis Ababa to honor their service in supporting South Korea, Seoul’s veterans ministry said Tuesday. An unveiling ceremony for the wall, bearing the names of 2,482 veterans, took place at [...]
SEOUL, Aug. 6 (Korea Bizwire) – In a significant shift for the electric vehicle (EV) industry, South Korea’s leading battery manufacturers are ramping up production of prismatic batteries, responding to growing market demand and evolving consumer preferences. LG Energy Solution, a major player in the global battery market, has formed a task force dedicated to developing [...]