SEOUL, Feb. 3 (Korea Bizwire) - The Navy held a ceremony on Monday to mark the establishment of a new fleet command aimed at better responding to North Korea’s military threats at sea, officials said. On Saturday, the Navy officially launched the Republic of Korea Navy Task Fleet Command, calling it a “core unit of [...]
SEOUL, Feb. 2 (Korea Bizwire) — The Navy has launched a new fleet command that will operate multiple destroyers, including those equipped with Aegis combat systems, in efforts to better respond to North Korea’s military threats at sea, officials said Sunday. “The Republic of Korea Navy Task Fleet Command, a core unit of the maritime [...]
SEOUL, Feb. 2 (Korea Bizwire) — Police will invest 9.1 billion won (US$6.2 million) to build a system that can detect deepfakes and misinformation, officials said Sunday, as South Korea seeks to better combat a surge in crimes involving images and sounds generated with artificial intelligence (AI). Under the project set for completion by December [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s K9 self-propelled howitzer, already a global bestseller, is positioned to expand its market reach even further, commanding approximately half of the world’s self-propelled artillery export market. Industry sources and international defense organizations report that while exact statistics vary due to the confidential nature of defense contracts, the K9′s [...]
SEJONG, Jan. 31 (Korea Bizwire) — South Korea’s lottery sales reached an all-time high in 2024, with revenue approaching 6 trillion won, according to data released by the Ministry of Economy and Finance and the Korea Lottery Commission. The annual sales figure of 5.96 trillion won continues a pattern of record-breaking growth that began nearly a [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s heritage authorities announced Friday that a section of the visitor facilities at Cambodia’s Angkor Wat heritage site has reopened following renovations using Korean technology. South Korea has been working with Cambodia on the restoration and preservation of Angkor Wat since 2024, providing technical expertise and support to [...]
SEOUL, Jan. 30 (Korea Bizwire) — In a first for local governments in South Korea, Seoul has launched the ‘Seoul Data Hub,’ an AI-powered public data platform that allows users to access city data using natural language queries. The service, which integrates generative AI technology, enables both experts and ordinary citizens to conveniently obtain information. Users [...]
SEOUL, Jan. 30 (Korea Bizwire) - Authorities held a meeting Thursday on how to conduct a probe into an Air Busan passenger plane that caught fire at a South Korean airport earlier this week amid safety concerns, the land ministry said. On Tuesday, the Airbus plane operated by budget carrier Air Busan and bound for [...]
SEOUL, Jan. 30 (Korea Bizwire) — Single women significantly outnumber single men in South Korea’s reverse mortgage program, accounting for nearly five times as many participants, according to recent government housing finance statistics. As of November 2024, single women made up 38% of new reverse mortgage subscribers, compared to just 8.1% for single men. Of the 13,163 [...]
SEOUL, Jan. 30 (Korea Bizwire) — Samsung Display Co., a panel manufacturing unit of Samsung Electronics Co., said Thursday its new office building has received top ratings from a U.S. green building certification system for its energy efficiency and eco-friendly design. Samsung Display Research, the company’s newly built headquarters in Giheung on the southern outskirts [...]