SEOUL, Aug. 20 (Korea Bizwire) — Major foreign institutional investors remain wary of South Korea’s recent corporate governance reforms, citing a legacy of reversals and unmet expectations, according to feedback gathered by the Korea Corporate Governance Forum during investor meetings in Hong Kong and Singapore this month. Forum Chair Lee Nam-woo, speaking at a press [...]
SEOUL, Aug. 19 (Korea Bizwire) – In a bid to strengthen its circular economy efforts, the Seoul Metropolitan Government has initiated a pilot project to promote the separate collection and recycling of paper cartons, which can be transformed into high-quality natural pulp and recycled plastics such as polyethylene. Starting this month, Seoul has installed 350 [...]
SEOUL, Aug. 19 (Korea Bizwire) — A $26 billion nuclear power contract won by South Korean firms in the Czech Republic is drawing scrutiny after revelations that Korea Hydro & Nuclear Power (KHNP) and Korea Electric Power Corp. (KEPCO) signed a sweeping agreement with Westinghouse Electric that could bind Seoul’s industry to decades of costly obligations. [...]
DAEJEON, Aug. 19 (Korea Bizwire) — A team of South Korean scientists has identified a previously unknown molecular pathway that may help explain why depression develops — and why standard treatments often fail in older patients. KAIST announced Tuesday that its researchers, working with the National Forensic Service and Ajou University Hospital, discovered that heightened [...]
SEOUL, Aug. 19 (Korea Bizwire) — As daily life becomes increasingly reliant on digital tools, a new government survey has found that nearly one in 12 South Korean adults lacks the basic digital skills needed to navigate common tasks such as booking train tickets through an app, checking online invitations, or sending money via banking apps. [...]
SEOUL, Aug. 19 (Korea Bizwire) — In a striking response to rising emotional isolation, Seoul’s “Hello Loneliness 120” helpline has received over 15,000 calls since its launch in April, far surpassing its annual goal by more than fivefold, according to the Seoul Welfare Foundation’s Isolation Prevention Center on Monday. Launched as South Korea’s first loneliness [...]
SEOUL, Aug. 19 (Korea Bizwire) – As South Korea grapples with relentless summer heat, an unlikely battleground has emerged: the thermostat. In office buildings and on subways, debates over air-conditioning settings have intensified, exposing a deep divide in how people experience temperature — and how they express it. Commuters trade complaints online, with some lamenting [...]
SEOUL, Aug. 19 (Korea Bizwire) – A government policy aimed at reducing smoking through tobacco tax increases appears to have only short-term impact, with a recent study revealing that the sales drop triggered by higher prices typically vanishes within four months. According to a new report released Monday by the Korea Institute for Health and [...]
DAEJEON, Aug. 19 (Korea Bizwire) – A South Korean research team has developed a novel AI-powered image sensor inspired by the human brain’s neural architecture, capable of recognizing visual information under extreme lighting conditions without the need for retraining or additional data correction. According to the National Research Foundation of Korea, the joint research team, led [...]
SEOUL, Aug. 19 (Korea Bizwire) — More than half of South Korean workers are now using generative artificial intelligence (AI) tools on the job, potentially contributing to a significant uptick in national productivity, according to a new report released by the Bank of Korea on Monday. The report, titled “Rapid Expansion of AI and Its [...]