SEOUL, Oct. 23 (Korea Bizwire) — South Korea remains one of only two major economies — alongside Japan — where large and small firms receive markedly different levels of tax incentives for research and development (R&D) and where unclaimed credits cannot be directly refunded, according to a new analysis by the Korea Chamber of Commerce and [...]
SEJONG, Oct. 23 (Korea Bizwire) — South Korea’s non-regular workforce has climbed to its highest level on record, surpassing 8.56 million as of August, with older workers driving much of the increase and the wage gap between regular and non-regular employees widening to an all-time high, government data showed Wednesday. According to the National Data Office’s [...]
SEOUL, Oct. 23(Korea Bizwire) — A modest tray of white rice, kimchi stew with tuna, bulgogi, stir-fried potatoes, dried seaweed, cherry tomatoes, and a banana might not seem revolutionary. Yet in South Korea’s evolving disaster management system, this humble combination marks a quiet but meaningful shift. The Korean Red Cross, in partnership with the Ministry of [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea will overhaul its market surveillance framework this month, moving from an “account-based” to an “individual-based” monitoring system in an effort to better detect unfair trading and improve enforcement efficiency, financial regulators announced Wednesday. The Financial Services Commission (FSC) said that amendments to the Enforcement Decree of the Capital [...]
JEJU, South Korea, Oct. 23 (Korea Bizwire) — The Jeju provincial government has unveiled a sweeping initiative to eliminate price gouging at tourist attractions and local festivals, following a series of public complaints about overcharging and poor-quality food during recent events. The plan, announced Wednesday after a government–private sector meeting chaired by Vice Governor Kim Ae-sook, [...]
MUAN, South Korea, Oct. 22 (Korea Bizwire) — On the reclaimed coastline of South Jeolla Province, an ambitious experiment in urban design is quietly taking shape. The corporate city of Solasido — a blend of solar, sea, and do (province) — is emerging as South Korea’s latest bid to merge renewable energy with artificial intelligence, drawing [...]
SEOUL, Oct. 22 (Korea Bizwire) — As negotiations over tariff reductions and investment pledges continue between Washington, Seoul, and Tokyo, The Wall Street Journal has cast doubt on the scale and practicality of the enormous investment commitments reportedly sought by the Trump administration. In an editorial published Tuesday, the paper warned that the administration’s demand — [...]
SEOUL, Oct. 22 (Korea Bizwire) — More than 40 years after being forcibly sent to the notorious Samcheong Reeducation Camp under the military regime of Chun Doo-hwan, a victim has won a rare court-ordered compensation from the South Korean government. The Seoul Central District Court recently ruled that the state must pay 95 million won (about [...]
SEOUL, Oct. 22 (Korea Bizwire) — Samsung Electronics has unveiled what it calls the beginning of a new era in immersive computing—a headset that doesn’t just show digital worlds but listens, tracks, and responds to human behavior. The new Galaxy XR, released Wednesday in South Korea and the United States, is the first device built on [...]
SEOUL, Oct. 22 (Korea Bizwire) – In a glass-lit exhibition hall in southern Seoul, the quiet hum of competition filled the air. Two of South Korea’s tech titans—Samsung Electronics and SK hynix—unveiled their newest weapons in the global race to power artificial intelligence: the sixth generation of high bandwidth memory chips, or HBM4. The debut [...]