SEOUL, Aug. 7 (Korea Bizwire) – South Korean artificial intelligence (AI) healthcare companies are making significant progress in the global market, with recent developments highlighting their competitiveness and potential for expansion. Lunit, a leader in AI-powered cancer diagnostics, has announced that its chest X-ray analysis solution, Lunit Insight CXR, has received approval from the World Health [...]
SEOUL, Aug. 7 (Korea Bizwire) – Seoul Metro announced on August 6 that it will hold the 15th Seoul Metro International Subway Film Festival (SMIFF) from August 29 to September 25. The festival, co-organized by Seoul Metro and the Seoul International Extreme-Short Image & Film Festival, with sponsorship from Shinhan Card, continues to showcase ultra-short films [...]
HONGSEONG, Aug. 7 (Korea Bizwire) – A recent report from the Chungnam Fire Department in South Korea reveals a concerning trend: fires involving personal mobility devices, particularly electric scooters, are spiking during the summer months. According to data released on August 6, out of 25 fires involving personal mobility devices recorded since 2019, nine incidents (36%) [...]
SEOUL, Aug. 7 (Korea Bizwire) – A recent survey has revealed that 7 out of 10 South Korean companies are either currently affected or anticipate future impacts from China’s aggressive low-price export strategy. This development comes amid concerns that the strategy may persist due to rising inventory levels in China. According to a study conducted by [...]
SEOUL, Aug. 6 (Korea Bizwire) – In a significant shift for the electric vehicle (EV) industry, South Korea’s leading battery manufacturers are ramping up production of prismatic batteries, responding to growing market demand and evolving consumer preferences. LG Energy Solution, a major player in the global battery market, has formed a task force dedicated to developing [...]
SEOUL, Aug. 6 (Korea Bizwire) – South Korea’s gig economy workforce, comprising delivery riders, designated drivers, and other platform-based workers, reached approximately 883,000 in 2023, according to a new government study released on August 5. The Ministry of Employment and Labor and the Korea Employment Information Service conducted the 2023 Platform Worker Survey based on a [...]
SEOUL, Aug. 6 (Korea Bizwire) – In a stark reversal of fortune for South Korea’s once-booming real estate market, the number of properties entering foreclosure has skyrocketed, reaching levels not seen in over a decade. According to government data released on August 4, July saw 13,631 applications for the commencement of voluntary auction registration for real [...]
SEOUL, Aug. 6 (Korea Bizwire) – KT, a major telecommunications company in South Korea, announced on August 5 that it will introduce a new program called Sharing Solo, aimed at connecting unmarried professionals in their 30s and 40s through volunteer activities. The initiative targets employees from businesses and organizations near Gwanghwamun, a historic district in central [...]
SEOUL, Aug. 6 (Korea Bizwire) – A recent fire involving a Mercedes-Benz electric vehicle in the underground parking garage of a large apartment complex in Incheon has been traced to a battery manufactured by Farasis Energy, a Chinese electric vehicle battery producer. According to the Ministry of Land, Infrastructure and Transport and industry sources, the battery [...]
SEOUL, Aug. 6 (Korea Bizwire) – The South Korean government’s initiative to cover emergency medical costs for patients unable to pay has resulted in significant financial losses, according to a recent report. Data released by the Ministry of Health and Welfare shows that over the past five and a half years, the government has been unable [...]