SEOUL, Sept. 1 (Korea Bizwire) — Uncertainty surrounding the United States’ trade policy alone is estimated to reduce South Korea’s economic growth rate by about 0.13 percentage point this year, the central bank said Monday. In late July, Seoul and Washington reached a crucial agreement in which the U.S. imposes a 15 percent tariff on [...]
SEJONG, Sept. 1 (Korea Bizwire) — South Korea’s government has proposed a 2025 budget that emphasizes everyday safety and cost-of-living relief, with measures ranging from preventing car accidents and manhole falls to subsidizing school fruit snacks and low-cost weddings in national parks. The Ministry of Economy and Finance on Sunday outlined plans that reflect a [...]
SEOUL, Sept. 1 (Korea Bizwire) — Apple is preparing to unveil its iPhone 17 series next month, including a new ultra-thin “Air” model, in a launch closely watched by South Korea’s top electronics suppliers whose earnings are tightly bound to the device’s global success. The event, scheduled for September 9 at Apple Park’s Steve Jobs [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korean schools are preparing to revise their internal rules after lawmakers passed a law banning the use of smartphones and other digital devices during class beginning next semester. Yet with education authorities leaving key decisions to individual schools, administrators are grappling with how far the restrictions should go. [...]
SEOUL, Sept. 1 (Korea Bizwire) — A majority of South Korean companies prefer to rehire older employees after retirement rather than extend their contracts or adopt alternative employment models, according to a new survey that underscores both the demand for experienced workers and the challenges of managing labor costs. The Korea Employers Federation (KEF) said [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea is intensifying its campaign against e-cigarettes, warning that the vapor inhaled and exhaled is far from harmless. The Ministry of Health and Welfare said Saturday it will launch a second round of anti-smoking advertisements on September 1, focusing on the dangers of e-cigarette aerosol. The campaign, titled [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s Disease Control and Prevention Agency (KDCA) said on Sunday it will roll out a nationwide awareness drive to encourage people, especially younger adults, to monitor key health indicators in order to prevent cardiovascular disease, one of the country’s leading causes of death. The campaign, called “Know Your Numbers, [...]
SEOUL, Sept. 1 (Korea Bizwire) — As smishing scams evolve with increasing sophistication, South Korea’s internet watchdog is stepping up its defenses with a new filtering system designed to block malicious text messages at the source. The Korea Internet & Security Agency (KISA) said Sunday that it has launched an “SMS X-ray” system that intercepts [...]
DAEJEON, Sept. 1(Korea Bizwire) — Scientists at the Korea Advanced Institute of Science and Technology (KAIST) have unveiled an artificial intelligence technique that can reconstruct clear video images obscured by fog, smoke, frosted glass, or even human tissue. The joint research team, led by Professor Jang Moo-seok of KAIST’s Department of Bio and Brain Engineering and [...]
SEOUL, Aug. 31 (Korea Bizwire) — Nearly three years after the deadly crowd crush in Seoul’s Itaewon district, the toll on firefighters who rushed to the scene continues to reverberate. A growing number of first responders have died by suicide, prompting urgent calls for stronger measures to address post-traumatic stress disorder (PTSD) among emergency personnel. [...]