SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s rapid adoption of industrial robots has boosted employment among younger workers under 45, while reducing job opportunities for older employees, a new study shows—highlighting how automation is reshaping the nation’s labor market and education trends. According to a report released Sunday by the Korea Labor Institute titled [...]
GYEONGJU, Nov. 4 (Korea Bizwire) — As the APEC Summit drew global attention to Gyeongju last week, the city’s hospitality industry is racing to turn the spotlight into lasting gains. Hotels that hosted world leaders are now launching promotions offering guests a taste of the summit’s prestige — from presidential suites to dishes inspired by [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s push to strengthen its artificial intelligence (AI) ecosystem through massive GPU investments with Nvidia could face setbacks due to the country’s lagging telecommunications infrastructure, a government-affiliated think tank warned Monday. In a report titled “Key Issues in Advancing AI Mobile Network Infrastructure,” the Korea Information Society Development Institute [...]
SEOUL, Nov. 4 (Korea Bizwire) — A senior South Korean presidential aide said Monday that Nvidia’s decision to supply 260,000 graphics processing units (GPUs) to the country will serve as the launchpad for a new era of “physical AI,” positioning South Korea as a key global hub for the next wave of industrial transformation. Ha Jung-woo, [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s National Pension Service (NPS) has achieved its highest-ever investment return this year, buoyed by a record-breaking rally in the local stock market that sent its annual yield soaring above 20 percent as of the end of October, according to industry sources. The fund’s assets under management have surpassed [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korean health authorities have confirmed the discovery of a tropical mosquito species capable of transmitting infectious diseases such as West Nile fever, marking the first verified presence of the insect in the country and heightening concerns about climate-related shifts in disease vectors. According to the Korea Disease Control and [...]
SEOUL, Nov. 3 (Korea Bizwire) — As South Korea marks the 30th anniversary of Jongmyo Shrine’s inscription as a UNESCO World Heritage Site, a dispute over urban redevelopment in central Seoul is stirring fears that the Confucian royal shrine could soon find itself on the organization’s endangered list. The 15th-century shrine—dedicated to the kings and queens [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s benchmark KOSPI index, which recently broke the 4,000-point mark for the first time in history, has ignited a wave of participation from wealthy individual investors making large-scale trades. According to the Korea Exchange, individual investors placed an average of 28,729 orders worth at least 100 million won ($73,000) [...]
SEOUL, Nov. 3 (Korea Bizwire) — At a Lotte Cinema theater in Seoul, the lights cut out, sirens blare, and a chilling announcement fills the room: “This theater is now closed. This is not a drill.” Suddenly, audience members are thrust into a survival game, dodging zombies that stalk the aisles. This is Charlotte: The Play – Survival, [...]
BUSAN, Nov. 3 (Korea Bizwire) — A restaurant in Busan’s Chinatown has come under scrutiny after a festivalgoer accused it of overcharging for a popular Chinese dish, sparking yet another public debate over price gouging in tourist areas. The controversy began when a visitor posted online that a plate of guobaorou (sweet and sour pork) [...]