SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s government said Wednesday it will roll out more than 500 projects over the next five years to weave artificial intelligence into the nation’s industrial base, part of President Lee Jae-myung’s bid to build what he calls a “super-innovation economy.” Industry Minister Kim Jung-kwan outlined the plan at [...]
GANGNEUNG, South Korea, Oct. 2 (Korea Bizwire) — Less than a month after emergency shipments of bottled water were distributed to residents during one of Gangneung’s worst droughts in decades, some of those supplies are now showing up for sale on secondhand trading platforms, sparking public criticism. The city, which declared a disaster in September [...]
LONDON, Oct. 1 (Korea Bizwire) — Visitors to the Palace of Westminster, home to the British Parliament and one of London’s most iconic landmarks, can now explore its historic halls with the help of a Korean-language multimedia guide. From Oct. 1, the Parliament’s visitor booking website has offered Korean, alongside Japanese and Polish, as new [...]
JEJU, Oct. 1 (Korea Bizwire) — Jeju Province’s pilot program encouraging food delivery in reusable containers has surpassed 2,000 orders in less than two months, signaling strong public support for the island’s ambitious campaign to curb single-use plastics. Launched on Aug. 13 in Jeju City’s Yeon-dong and Nohyeong-dong districts, the “Yonggi-inneun Jumun” (“Courageous Order”) service allows [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Koreans in their 20s have seen the weakest real income growth of any generation over the past decade, according to a new analysis, underscoring concerns over job quality and rising living costs that continue to weigh heavily on the country’s youth. The Korea Economic Association (HanKyungHyup) reported on [...]
SEOUL, Oct. 1 (Korea Bizwire) — Fewer than half of South Koreans believe unification with the North is necessary, though support has edged higher compared with a year ago, a new survey shows. The 2025 Unification Awareness Survey, conducted by Seoul National University’s Institute for Peace and Unification Studies and Gallup Korea, found that 41.1 [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s largest conglomerates have sharply increased their lobbying expenditures in the United States, more than doubling their spending in the past five years as they navigate regulatory pressures, trade disputes, and large-scale investments in America. According to new data released Wednesday by corporate tracker CEO Score, 52 Korean [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday that subscription-based platforms, including online video services, were the most common offenders in its latest crackdown on so-called “dark patterns,” deceptive online practices that make it difficult for consumers to cancel services or avoid hidden charges. The Korea Fair Trade Commission (KFTC) and [...]
SEOUL, Oct. 1 (Korea Bizwire) – Unionized workers at 15 airports nationwide, including the nation’s main Incheon International Airport, launched an indefinite strike Wednesday, raising concerns of possible disruptions to air travel ahead of the Chuseok holiday period. The general strike began at 6 a.m. at airports across the country, involving unions representing about 15,000 [...]
SEOUL, Oct. 1 (Korea Bizwire) – South Korea and the United States have reaffirmed a fundamental principle to avoid manipulating exchange rates and to monitor the “stability” of the foreign exchange (FX) market, Seoul’s finance ministry said Wednesday. The two countries have agreed to “avoid manipulating exchange rates or the international monetary system to prevent [...]