SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s widening gap between retirement and pension eligibility is fueling structural imbalances in middle-aged employment, with Seoul turning to data-driven policymaking to address the challenge. According to a new survey of 10,000 job seekers and 450 companies released by the Seoul Metropolitan Government and the Seoul 50 Plus [...]
SEOUL, Sept. 25 (Korea Bizwire) — Samsung Electronics Co. on Thursday unveiled a platform designed to assess the productivity of artificial intelligence (AI) models in workplace environments. TrueBench will provide businesses with a comprehensive set of metrics to track the productivity of large language models (LLMs) in real-world workplaces, the South Korean tech giant said [...]
SEOUL, Sept. 25 (Korea Bizwire) — A top South Korean presidential aide said Wednesday that a potential currency swap with the United States is an essential safeguard in ongoing trade talks, but not sufficient on its own to resolve the thorny negotiations. Kim Yong-beom, presidential chief of staff for policy, told reporters in New York [...]
NEWYORK, Sept. 24 (Korea Bizwire) — President Lee Jae-myung of South Korea chaired a United Nations Security Council debate on artificial intelligence and international security on Wednesday, marking the first time a South Korean leader has presided over an open council session. The event reflected Seoul’s rotating presidency of the body this month and underscored [...]
NEW YORK, Sept. 24 (Korea Bizwire) – President Lee Jae-myung told U.S. Treasury Secretary Scott Bessent that he expects ongoing trade negotiations with Washington to advance in a way that reflects the interests of both countries and rests on “commercial rationality.” The two met in New York on the sidelines of the U.N. General Assembly, [...]
SEOUL, Sept. 24 (Korea Bizwire) — On a recent evening at a sprawling PC bang near Hongdae Station, the crowd was strikingly international. Foreign visitors, headphones on, were absorbed in marathon sessions of Valorant and League of Legends. Some huddled in groups, strategizing in real time, while others queued for a turn at high-powered gaming [...]
SEOUL, Sept. 24 (Korea Bizwire) — Pastor Son Hyun-bo of Busan’s Saegero Church, a central figure in South Korea’s far-right Christian movement, faces a bail review this week following his arrest earlier this month on charges of violating election laws. While conservative leaders and evangelical groups denounce his detention as “religious persecution,” the sweeping mobilizations [...]
SEOUL, Sept. 24 (Korea Bizwire) — As South Korea heads into what could be its longest Chuseok holiday in decades — stretching up to ten days from October 3 to 12 — the country’s top business leaders are preparing to use the break less for rest than for recalibration. With U.S. tariffs, revisions to Korea’s [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korean regulators said Tuesday they had broken up a sophisticated stock manipulation scheme involving some of the country’s wealthiest business operators and financial insiders, in what is being billed as the first major case under President Lee Jae-myung’s new crackdown on market abuses. The Financial Services Commission, the [...]
SEOUL, Sept. 24 (Korea Bizwire) — As medical reshuffling debates intensify in South Korea, critics warn that the absence of any legal or institutional mechanism for patients to verify doctors’ qualifications or disciplinary history is leaving the public vulnerable. Unlike lawyers and accountants at home, or doctors in the United States and Britain, physicians in [...]