BONGHWA, Aug. 23 (Korea Bizwire) — A unique cultural exchange between South Korea and Vietnam will take place this weekend in Bonghwa County, North Gyeongsang Province, highlighting centuries-old historical ties and a growing multicultural presence. The event, scheduled for August 24 at Chung Hyo Dang in Changpyeong-ri, will bring together some 800 participants, including Vietnamese [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea is fast-tracking efforts to develop on-device artificial intelligence (AI) semiconductors, critical components for autonomous vehicles, collaborative robots, and unmanned aerial systems, as part of a broader push to secure technological sovereignty and industrial competitiveness. The Ministry of Trade, Industry and Energy said Friday that a state panel [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korean business tycoons held a series of meetings with Bill Gates, chair of the Gates Foundation, during his visit to Seoul this week, discussing various agenda items from business ties to corporate social responsibility projects, industry sources said Friday. Samsung Electronics Chairman Lee Jae-yong met with Gates earlier [...]
SEOUL, Aug. 22 (Korea Bizwire) — Unification Minister Chung Dong-young on Friday met with British Ambassador to South Korea Colin Crooks, and discussed Korean Peninsula issues and cooperation on North Korea policy, according to the unification ministry. In the meeting, Chung explained the Lee Jae Myung administration’s efforts to restore frayed ties between the two [...]
SEOUL, Aug. 22 (Korea Bizwire) — With Saudi Arabia reportedly falling behind on its preparations to host the 2029 Asian Winter Games, the continent’s top sports body is gauging South Korea’s interest in becoming an alternate host, a source familiar with the matter said Friday. The source told Yonhap News Agency the Olympic Council of [...]
SEOUL, Aug. 22 (Korea Bizwire) — The new Lee Jae Myung administration aims to integrate private firms and the public sector, as well as all other sectors of society, with artificial intelligence (AI) to achieve what it calls a “super-innovation economy,” the government said Friday. Unveiling its five-year economic development blueprint, the government said private [...]
SEOUL, Aug. 22 (Korea Bizwire) — The national postal service said Friday it plans to launch an affordable Express Mail Service (EMS) soon to help people continue sending parcels to the United States under a new tariff policy. The previous day, Korea Post said it will stop accepting non-document packages bound for the U.S. on [...]
SK Telecom Faces Mounting Pressure as Regulators Order Full Penalty Waivers for Customers After Hacking Breach SEOUL, Aug. 21 (Korea Bizwire) — South Korea’s telecom regulator has ordered SK Telecom to waive all early termination penalties for subscribers who wish to cancel their contracts by year’s end following the company’s massive hacking incident, intensifying the financial [...]
SEOUL, Aug. 21 (Korea Bizwire) — South Korea moved to curb speculative demand from overseas buyers on Thursday, designating nearly all of the greater Seoul area as a restricted zone for foreign land transactions. The Ministry of Land, Infrastructure and Transport announced that Seoul, 23 municipalities in Gyeonggi Province, and seven districts in Incheon will [...]
SEOUL, Aug. 21 (Korea Bizwire) — President Lee Jae Myung on Thursday called for thorough preparations to protect the people as he presided over a meeting on the final day of an annual civil defense exercise, the presidential office said. The Ulchi civil defense exercise has been under way since Monday for a four-day run, [...]