SEOUL, Aug. 28 (Korea Bizwire) — A large majority of South Koreans believe government support is crucial to developing venture businesses, underscoring public recognition of startups as key drivers of innovation and economic growth, according to a survey released Tuesday. The poll, conducted by the Korea Venture Business Association between July 14 and 21 with [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korea’s parliament has passed a law banning the use of smartphones during class time in elementary, middle and high schools, in an effort to curb youth overdependence on digital devices — though critics argue the measure could prove largely symbolic and even restrictive of students’ rights. The amendment [...]
SEOUL, Aug. 28 (Korea Bizwire) — Hyundai Mobis, the auto parts arm of Hyundai Motor Group, said Tuesday it will enter the automotive semiconductor and robotics markets as part of an effort to secure new growth engines beyond its traditional mobility business. At its annual CEO Investor Day in Seoul, the company outlined a dual-track [...]
SEOUL, Aug. 27 (Korea Bizwire) — Hyundai Motor Group used this week’s Clean Energy Ministerial in Busan to press the case for building out a scalable hydrogen ecosystem, underscoring its ambitions to play a central role in the global energy transition. The three-day forum, which opened Sunday at the city’s BEXCO convention center, drew delegations [...]
SEOUL, Aug. 27 (Korea Bizwire) — LG Electronics showcased its latest artificial intelligence–driven HVAC solutions at the Climate Industry International Expo opening Wednesday in Busan, underscoring the company’s push to position itself as a leader in energy-efficient building technologies. The three-day event, co-hosted by South Korea’s Ministry of Trade, Industry and Energy, the International Energy [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Koreans are marrying later, living more often in single-person households, and reporting higher life satisfaction than in past decades, even as chronic illness and suicide remain persistent challenges, new government data show. A report released Wednesday by Statistics Korea’s National Statistical Research Institute traced sweeping social changes since the [...]
SEOUL, Aug. 27 (Korea Bizwire) — Naver’s labor union staged its first rally since the passage of the so-called “Yellow Envelope Law,” demanding that the tech giant take direct responsibility for stalled wage negotiations across its subsidiaries. At a demonstration outside Naver’s Green Factory headquarters in Seongnam on Wednesday, workers from six wholly owned or [...]
SEOUL, Aug. 27 (Korea Bizwire) — Despite government hopes that international students could help ease labor shortages in South Korea’s manufacturing sector, a new study suggests that most foreign graduates are reluctant to remain in the country for the long haul. According to a report released Tuesday by the Korea Immigration Policy Research Institute, only [...]
SEOUL, Aug. 27 (Korea Bizwire) — KT Corp. announced Tuesday that it has begun testing artificial intelligence–based radio access network (AI-RAN) technology on its commercial 5G network, making it the first company in South Korea to do so. AI-RAN is seen as a cornerstone of future sixth-generation wireless systems. By analyzing traffic data in real [...]
SEOUL, Aug. 27 (Korea Bizwire) — The prevalence of diabetes among South Koreans under 30 has risen sharply over the past decade, with Type 2 diabetes — traditionally associated with obesity and older adults — nearly quadrupling in that age group, according to a new study. Researchers at Seoul National University Bundang Hospital analyzed national [...]