SEOUL, Jul. 4 (Korea Bizwire) – The South Korean Ministry of Environment announced on July 3 that the country is on the brink of a significant clean energy milestone, with 992 hydrogen-powered buses currently in operation nationwide. This puts the nation on the cusp of reaching 1,000 hydrogen buses on its roads, a goal set in [...]
SEOUL, Jul. 4 (Korea Bizwire) – The South Korean Ministry of National Defense announced on July 3 the launch of a specialized generative artificial intelligence (AI) service for defense operations, accessible through its internal network. Similar to ChatGPT, the popular AI service developed by OpenAI, this new platform allows users to engage in chat-based interactions to [...]
SEOUL, Jul. 4 (Korea Bizwire) – Song Jai-hyuk, Chief Technology Officer of Samsung Electronics’ Device Solutions Division and president of Samsung’s Semiconductor Research Center, expressed optimism about the company’s future in the rapidly evolving semiconductor industry. Speaking at the “Nano Korea 2024″ conference in Goyang on July 3, Song delivered a keynote address titled “Semiconductor Innovation [...]
SEOUL, July 3 (Korea Bizwire) – North Korea’s recent shift from sending propaganda leaflets to launching balloons filled with excrement into South Korea may be seen as an admission of the regime’s vulnerability, but experts warn that this tactic could pose a serious threat if it evolves into a form of terrorism. These observations come from [...]
SEOUL, July 3 (Korea Bizwire) – South Korean financial regulators have imposed a record fine of 27.1 billion won on two subsidiaries of a global investment bank for illegal short-selling practices involving transactions worth approximately 100 billion won. The Financial Services Commission’s Securities and Futures Commission announced on July 3 that it had voted to levy [...]
SEOUL, July 3 (Korea Bizwire) – Samsung Electronics has announced a breakthrough in wearable technology with the introduction of the industry’s first 3-nanometer processor designed for smartwatches. The new chip is expected to power the upcoming Galaxy Watch 7, marking a significant leap in performance and efficiency for wearable devices. On July 3, Samsung revealed the [...]
SEOUL, July 3 (Korea Bizwire) – The number of people demanding the impeachment of President Yoon Suk Yeol surpassed the 1 million mark Wednesday on the National Assembly’s petition website. The petition, calling on the National Assembly to propose a bill on Yoon’s impeachment, gained a daily average of 100,000 signatures over a period of [...]
SEOUL, Jul. 3 (Korea Bizwire) – The Game Rating and Administrative Committee of South Korea has intervened to stop a controversial promotional event by a domestic game developer that offered a luxury car as a prize for its newly launched online game. According to sources familiar with the matter, the committee recently rejected a content modification [...]
SEOUL, Jul. 3 (Korea Bizwire) – The Bank of Korea (BOK) has released a study highlighting the significant economic implications of the impending retirement of South Korea’s second generation of baby boomers. The research suggests that as over 9.5 million individuals born between 1964 and 1974 reach the legal retirement age of 60 over the next [...]
SEOUL, Jul. 3 (Korea Bizwire) – The South Korean government has developed an artificial intelligence (AI) model to determine appropriate treatment periods for workers injured on the job, marking a significant shift in the management of industrial accident claims. The Ministry of the Interior and Safety, in collaboration with the Korea Workers’ Compensation and Welfare Service, [...]