MUAN, South Korea, July 14 (Korea Bizwire) — South Korea is pushing forward with legislation that would offer sweeping incentives — including deep electricity discounts and tax breaks — for companies operating in designated RE100 industrial zones powered entirely by renewable energy. The move is expected to significantly bolster efforts to attract major data center investments [...]
SEOUL, July 14 (Korea Bizwire) — South Korea’s leading IT service providers are fast-tracking the development of AI agent technology, widely seen as the next frontier in generative AI evolution. Unlike conventional chatbots, these advanced agents autonomously analyze vast datasets, make decisions, and proactively perform tasks — a shift that promises to transform how businesses operate. [...]
SEOUL, July 14 (Korea Bizwire) — Samsung Electronics is set to release its first extended reality (XR) headset, developed in collaboration with Google under the codename “Project Infinity,” by the end of this year. The device will be the inaugural hardware to run on “Android XR,” a newly developed operating system tailored for immersive reality [...]
SEOUL, July 13 (Korea Bizwire) — Short-selling positions in South Korea’s stock markets have surged to their highest levels since the full resumption of short-selling in March, signaling a rise in bearish bets even as local equities continue a months-long rally. According to data released Saturday by the Korea Exchange, net short interest in the [...]
PARIS, July 13 (Korea Bizwire) — For generations, Mount Kumgang — or “Diamond Mountain” — has captivated the Korean imagination. Its jagged peaks, mist-covered valleys, and shimmering pools have inspired artists, poets, monks, and pilgrims alike. Now, this iconic landscape has earned a new distinction: a place on the UNESCO World Heritage list. At its 47th [...]
SEOUL, July 13 (Korea Bizwire) — President Lee Jae-myung on Sunday delivered a sweeping appeal to link economic equity with democratic resilience, warning that without tangible improvements to people’s lives, democracy could fall prey to authoritarian forces cloaked in the guise of economic growth. Speaking at the opening ceremony of the World Congress of Political [...]
SEOUL, July 13 (Korea Bizwire) — On a recent vacation to Bali, Lee, a South Korean office worker in her 30s, noticed a peculiar trend on the beach: whenever she heard Korean being spoken, it was invariably by someone clad in a long-sleeved rash guard. “You could almost identify a Korean by whether they were [...]
CHUNCHEON, July 12 (Korea Bizwire) — A South Korean court has ruled in favor of Legoland Korea in a defamation lawsuit against cultural heritage activists who publicly accused the theme park of destroying historical sites and labeled it a “land of immorality.” The Chuncheon District Court on Friday ordered three leaders of separate cultural preservation [...]
SEOUL, July 12 (Korea Bizwire) — South Korea’s young population is facing a looming retirement crisis due to alarmingly low enrollment in the national pension system, according to a new report from the National Pension Research Institute, released Friday. The report, titled “Strategies to Expand National Pension Coverage for Young Adults,” highlights a combination of [...]
JEJU, July 12 (Korea Bizwire) — Amid growing frustration over unruly behavior by some foreign tourists in Jeju, a group of elementary school students has stepped forward with a policy proposal aimed at restoring public order and protecting the island’s reputation. The students, all fourth graders at Pyoseon Elementary School, an International Baccalaureate (IB) program, [...]