SEOUL, Feb. 20 (Korea Bizwire) — In a move to curb China’s aggressive low-cost steel exports, the South Korean government has announced plans to impose anti-dumping tariffs of up to 38% on Chinese heavy steel plates. The decision, made on February 20, comes amid concerns over persistent oversupply from China and the looming impact of U.S. [...]
SEOUL, Feb. 20 (Korea Bizwire) — The official website for the 2025 Asia-Pacific Economic Cooperation (APEC) summit has been launched, the foreign ministry said Thursday. The website (www.apec2025.kr) introduces key agenda items and priorities to be discussed at the upcoming leaders’ gathering, set to take place in South Korea’s southeastern region of Gyeongju, in November. It also [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea will push to develop its own version of ChatGPT, the artificial intelligence (AI) chatbot created by U.S.-based OpenAI, acting President Choi Sang-mok said Thursday, pledging full-scale government support for research and development (R&D). Choi made the remarks during a high-level committee meeting aimed at positioning South Korea [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea will acquire 18,000 high-performance graphics processing units (GPUs) by the first half of next year to enhance the country’s artificial intelligence (AI) computing capabilities, the science ministry said Thursday. The government initially plans to secure 10,000 GPUs within this year for the launch of a new national [...]
SEOUL, Feb. 20 (Korea Bizwire) — E-commerce giant Coupang and its affiliates have reached a landmark agreement with small business owners and labor organizations, committing to improved working conditions and financial support measures. The agreement, signed on February 19, includes the abolition of a controversial policy that had been linked to overwork among delivery drivers. [...]
SEOUL, Feb. 20 (Korea Bizwire) — In a move to ease burdensome regulations, the South Korean government has approved guidelines allowing bakeries to provide complimentary birthday candles with cake purchases, addressing a peculiar regulatory oversight that had technically criminalized the common practice. Until now, birthday candles were classified as “household chemical products,” making their distribution — [...]
SEOUL, Feb. 20 (Korea Bizwire) — As U.S. users migrate en masse to the Chinese social media platform Rednote, formerly known as Xiaohongshu, allegations that South Korea is “stealing Chinese culture” have proliferated, raising concerns over misinformation and rising tensions between online communities. Seo Kyoung-Duk, a professor at Sungshin Women’s University, revealed on February 19 [...]
SEOUL, Feb. 20 (Korea Bizwire) — Impeached President Yoon Suk Yeol was set to attend the first preliminary hearing of his criminal trial Thursday on charges of leading an insurrection, making him the nation’s first sitting president to stand criminal trial. With his impeachment trial at the Constitutional Court nearing its final stage, the preliminary [...]
SEOUL, Feb. 20 (Korea Bizwire) — A new survey has revealed that 92.8% of South Korean small and medium-sized enterprises (SMEs) believe they cannot meet national greenhouse gas reduction targets within the designated timeframe. The Korea Federation of SMEs announced these findings on February 19, based on a survey of 500 manufacturing SMEs conducted last year. [...]
SEOUL, Feb. 19 (Korea Bizwire) — The recent passing of 25-year-old actress Kim Sae-ron has reignited concerns over cyber harassment and sensationalist media coverage, as South Korea grapples with repeated tragedies involving public figures subjected to relentless online attacks. While public mourning often leads to temporary calls for self-reflection, history suggests the cycle of online [...]