SEOUL, Jan. 16 (Korea Bizwire) — Foreign students who graduate from South Korean universities face steep hurdles in securing stable residency through employment, according to a new academic study, raising questions about the country’s ability to retain international talent amid demographic decline. The findings, published Friday in the Journal of the Korean Association for Immigration Policy, [...]
SEOUL, Jan. 16 (Korea Bizwire) — Many travelers returning from overseas try to spend their leftover foreign coins at airports or shops before coming home, assuming they cannot be exchanged in South Korea. Coins are heavy, inconvenient to carry, and often believed to be unusable domestically. But while less common and less lucrative than banknote exchanges, [...]
SEOUL, Jan. 16 (Korea Bizwire) — More than one in 10 foreign students who entered South Korea to attend universities or language institutes have ended up overstaying their visas illegally, underscoring growing concerns that the country’s foreign student recruitment policy has prioritized scale over sustainability. According to a study published this week in the Journal [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s National Health Insurance Service (NHIS) has again lost a high-profile lawsuit seeking damages from tobacco companies, as an appellate court rejected its claim that cigarette makers should reimburse public health costs linked to smoking-related diseases. In a ruling handed down Thursday, the Seoul High Court upheld a [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s effort to crown a homegrown national artificial intelligence model was thrown into turmoil this week after the government abruptly revised the rules of its flagship AI competition, a move that has unsettled the country’s technology sector and raised questions about fairness and transparency. The Ministry of Science and [...]
SEOUL, Jan. 15 (Korea Bizwire) — Naver’s surprise elimination from the first round of South Korea’s government-backed independent artificial intelligence foundation model project has sharpened attention on how the internet giant will chart its AI strategy outside the state-led initiative. According to the ICT industry on Thursday, Naver Cloud’s failure to advance in the initial evaluation [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea has narrowed the field in its push to develop a homegrown artificial intelligence foundation model, advancing three teams while cutting two others after a first-round evaluation that placed heavy weight on technological capability and the independence of model design. The Ministry of Science and ICT said Thursday that [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s National Health Insurance Service suffered another legal setback Thursday in its long-running effort to hold tobacco companies financially responsible for smoking-related diseases, as an appeals court again rejected its claim for damages—12 years after the lawsuit was first filed. The Seoul High Court upheld a lower-court ruling dismissing [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s franchise industry is bracing for wider legal and financial fallout after the Supreme Court of Korea finalized a ruling ordering Pizza Hut Korea to refund billions of won in improperly collected fees to franchise owners—a decision that could open the door to a wave of similar lawsuits across [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s largest e-commerce platform, Coupang, is facing a growing backlash from civil society groups over its compensation plan for a massive personal data breach, with activists urging customers to reject the company’s offer and, in some cases, leave the platform altogether. A coalition of 135 civic and social organizations, [...]