SEOUL, July 13 (Korea Bizwire) – South Korea is on the cusp of becoming a “super-aged society” as its population of residents 65 and older surpasses 10 million, a demographic milestone that will see one in five citizens classified as elderly. According to data from the Ministry of the Interior and Safety, as of July 10, [...]
SEOUL, July 13 (Korea Bizwire) – South Korean consumers show the highest enthusiasm for using artificial intelligence (AI) technology on mobile devices, according to a study released by Samsung Electronics on July 11. The findings were unveiled at the “Salon de AI,” a Galaxy AI media forum held in Paris, following the company’s Galaxy product launch [...]
SEOUL, July 12 (Korea Bizwire) – In an unprecedented move, the National Samsung Electronics Union (NSEU) has launched its first general strike in the company’s history, focusing its efforts on semiconductor production lines to amplify its impact. On July 11, the fourth day of the strike, approximately 350 union members gathered in front of the 8-inch [...]
SEOUL, July 12 (Korea Bizwire) – The Korea TV Broadcasting System (KTV), a government-affiliated broadcaster operating under the Ministry of Culture, Sports and Tourism, has filed a lawsuit against a singer who posted a satirical video of President Yoon Suk Yeol and his staff performing a choral piece, police sources confirmed on July 11. The Mapo [...]
SEOUL, July 12 (Korea Bizwire) – SK Innovation and SK E&S, two key subsidiaries of the SK Group, are set to hold board meetings next week to discuss a potential merger, industry sources said on July 11. This move is part of SK Group’s ongoing business restructuring efforts and could result in the creation of a [...]
SEOUL, Jul. 12 (Korea Bizwire) – A recent global survey has revealed that generative AI tools, such as ChatGPT, have seen the most significant improvement in performance satisfaction within the sales sector this year. Meanwhile, the legal field experienced the steepest decline in AI satisfaction. According to a quarterly AI survey conducted by Bain & Company, [...]
SEOUL, Jul. 12 (Korea Bizwire) – A recent survey has revealed that 9 out of 10 consumers in South Korea intend to stick with their current smartphone brand, indicating a strengthening “lock-in effect” in the mobile device market. The study also found that smartphone usage among seniors over 70 has surpassed 90% for both men and [...]
SEOUL, Jul. 12 (Korea Bizwire) – Samsung Electronics unveiled its first smart ring, the Galaxy Ring, at a launch event in Paris, generating significant consumer interest, particularly regarding the potential inclusion of non-invasive blood glucose monitoring. Similar expectations surrounded the Galaxy Watch 7. However, neither device includes this highly anticipated feature. Non-invasive monitoring refers to methods [...]
SEOUL, Jul. 12 (Korea Bizwire) – The minimum wage for next year was set at 10,030 won (US$7.30) per hour Friday, marking the first time the compulsory hourly minimum wage has surpassed the 10,000 won level. The rate reached during the 11th plenary meeting of the Minimum Wage Commission marks an increase of 170 won, [...]
SEOUL, Jul. 12 (Korea Bizwire) – The era of laser weapons has dawned in South Korea, as the country’s Defense Acquisition Program Administration (DAPA) announced on July 11 the commencement of mass production for its Laser Air Defense Weapon Block-I. This groundbreaking weapon system uses fiber-optic generated lasers to neutralize targets, specifically designed to precisely strike [...]