SEOUL, Nov. 30 (Korea Bizwire) – The South Korean Ministry of Education has announced adjustments to its timeline for introducing AI-powered digital textbooks, originally set for widespread implementation by 2028. The decision, unveiled on November 29, reflects growing concerns from educators about the suitability of such technology for certain subjects and the challenges of rapid adoption. [...]
INCHEON, Nov. 30 (Korea Bizwire) – Incheon, a metropolitan city on South Korea’s west coast, has recorded the nation’s highest birth rate growth in 2024, buoyed by bold pro-family policies. The city announced on November 29 that 11,326 babies were born in Incheon between January and September, an 8.3% increase compared to the same period in [...]
SEOUL, Nov. 29 (Korea Bizwire) – Despite the government’s initiatives to boost corporate value, the return on equity (ROE) of South Korea’s top companies has plummeted over the past three years, with average ROE nearly halving. ROE, a critical metric for evaluating value enhancement, measures net income relative to shareholder equity, reflecting how effectively a [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s industry ministry on Friday hosted a session to discuss strategies for applying quantum computing technologies in industries, including biohealth, chemical and materials. The event at Yonsei University, attended by government, business and academic officials, came as the government aims to offer tailored support for the initiative, according [...]
SEOUL, Nov. 29 (Korea Bizwire) – Incheon city announced on Thursday that over 17,100 pregnant women have applied for its transportation subsidy program since its launch in April. The initiative provides ₩500,000 in transportation assistance per eligible applicant, allocated via Incheon’s local currency platform, “Incheon e-Eum.” The city initially set aside ₩5 billion for 12,500 women [...]
SEOUL, Nov. 28 (Korea Bizwire) – The South Korean government announced measures on Wednesday to relax visa requirements for skilled foreign workers and increase hiring caps for construction firms, aiming to address chronic labor shortages and support regional development. Under the new policy led by the Ministry of Justice, foreign workers with over five years of [...]
SEOUL, Nov. 28 (Korea Bizwire) – In a significant shift in tobacco policy, South Korea’s Ministry of Finance has indicated support for regulating synthetic nicotine products under the country’s Tobacco Business Act, following new research that challenges claims about their safety. A comprehensive study commissioned by the Ministry of Health and Welfare has found that synthetic [...]
SEOUL, Nov. 27 (Korea Bizwire) – Seoul is offering foreign tourists an opportunity to immerse themselves in Korean culinary culture through food tourism programs inspired by popular Korean dramas, the city government announced Wednesday. One highlight is the Permanent Cooking Class, held twice weekly on Thursdays and Sundays near Sinchon Station at Now Cooking Studio. Participants [...]
SEJONG, Nov. 27 (Korea Bizwire) — South Korea put forward a comprehensive package of support measures for the semiconductor industry Wednesday, with its top economic policymaker highlighting “growing headwinds” amid concerns of potential shifts in U.S. trade policy under the incoming Donald Trump administration and rising competition from Chinese rivals. “The next six months will [...]
SEOUL, Nov. 27 (Korea Bizwire) — The presidential office plans to hold an emergency meeting Wednesday to discuss responses to U.S. President-elect Donald Trump’s proposal to impose tariffs on three trading partners, a senior presidential official said. The meeting comes after Trump said on social media that he will use an executive order to levy [...]