WASHINGTON, Feb. 12 (Korea Bizwire) – The United States is in talks with other countries on “reciprocal” tariffs, a White House official was quoted as saying on Wednesday, as President Donald Trump is pushing for tariffs on U.S. imports to match what other trading partners impose on U.S. exports. Kevin Hassett, director of the National [...]
POHANG, South Korea, Feb. 13 (Korea Bizwire) — The mood outside Hyundai Steel’s Pohang Plant 2 is one of unease. Employees show up for work, but operations remain largely stalled. “We come in, but there’s no production. It’s frustrating,” a worker in his 40s, employed by Hyundai IMC, a Hyundai Steel subsidiary, said on Monday. [...]
SEOUL, Feb. 13 (Korea Bizwire) — Healthcare costs for age-related illnesses in South Korea, including dementia, have jumped approximately 28% over the past five years, reaching an estimated 6 trillion won, as the nation’s elderly population continues to expand. The number of South Koreans aged 65 and older covered by national health insurance and medical benefits [...]
SEOUL, Feb. 13 (Korea Bizwire) — The killing of an 8-year-old girl by a teacher at an elementary school in Daejeon, South Korea, has intensified calls for expanding closed-circuit television coverage to include classrooms, which are currently exempt from surveillance. According to the Seoul Metropolitan Office of Education, the city’s 603 elementary schools were equipped with [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korea will implement virtual reality technology to help assess the driving capabilities of motorists aged 75 and older during their license renewal process, government officials announced on February 12. The initiative is part of a pedestrian safety action plan jointly developed by the Ministry of the Interior and Safety [...]
SEOUL, Feb. 10 (Korea Bizwire) — Labor unions representing South Korea’s IT and gaming industry have firmly opposed recent discussions in the political sphere regarding exemptions to the 52-hour workweek law, arguing that such a move would exploit workers rather than drive industry growth. At a press conference in central Seoul on Wednesday, the IT Committee [...]
SEOUL, Feb.12 (Korea Bizwire) — U.S. aerospace firm Boeing Co. stressed Wednesday the importance of mixing manned and unmanned assets for optimal warfare capabilities, as South Korea is apparently reconsidering a plan to buy Apache attack helicopters over cost and efficiency issues. After completing the deployment of 36 AH-64E helicopters in 2017, the South Korean [...]
SEOUL, Feb.12 (Korea Bizwire) — The government said Wednesday it seeks to amend a law to place teachers with mental disorders on compulsory leave, following a fatal stabbing of an 8-year-old student by a school teacher that shocked the nation this week. Education Minister Lee Ju-ho announced the plan during a meeting of top education [...]
SEOUL, Feb. 12 (Korea Bizwire) — The murder of 8-year-old Kim Ha-neul has sparked widespread concern among parents in South Korea, amplifying fears for child safety ahead of the new school semester. On February 12, parenting forums and online communities saw a surge in discussions about location-tracking applications, with many parents inquiring about the app reportedly [...]
SEOUL, Feb. 12 (Korea Bizwire) — In a revealing test of China’s latest artificial intelligence chatbot, DeepSeek has drawn criticism for its inconsistent and politically charged responses to sensitive questions about historical and territorial disputes in East Asia. The AI, which garnered attention last month for reportedly outperforming ChatGPT in certain capabilities, responded to queries about [...]