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Google to Launch Standalone YouTube Premium Lite in Korea Amid Antitrust Review

Google to Launch Standalone YouTube Premium Lite in Korea Amid Antitrust Review

SEOUL, July 15 (Korea Bizwire) — Google plans to launch a standalone premium subscription plan for YouTube video streaming without the music streaming component in South Korea, as part of a voluntary corrective measure to address its alleged anti-competitive practice, the country’s antitrust regulator said Tuesday. The standalone product, dubbed YouTube Premium Lite, will be [...]

LG Partners with Chinese Firms to Launch Budget Home Appliances in Europe

LG Partners with Chinese Firms to Launch Budget Home Appliances in Europe

SEOUL, July 14 (Korea Bizwire) — LG Electronics is making a strategic push into Europe’s mid- to low-end appliance market by collaborating with Chinese manufacturers from the product design stage — a first for the South Korean tech giant. According to industry sources on July 14, LG plans to launch a new front-load washing machine [...]

Seoul Seeks to Rebalance Capital Toward AI and Biotech, Away from Housing Loans

Seoul Seeks to Rebalance Capital Toward AI and Biotech, Away from Housing Loans

SEOUL, July 14 (Korea Bizwire) — South Korea’s financial authorities are preparing a sweeping overhaul of capital regulations to curb excessive bank lending in real estate and steer financial resources toward high-growth industries like artificial intelligence and biotechnology. According to industry officials on July 13, the Financial Services Commission (FSC) is reviewing plans to raise [...]

South Korea Eyes Bold RE100 Legislation to Attract Global Data Center Investment to Jeonnam

South Korea Eyes Bold RE100 Legislation to Attract Global Data Center Investment to Jeonnam

MUAN, South Korea, July 14 (Korea Bizwire) — South Korea is pushing forward with legislation that would offer sweeping incentives — including deep electricity discounts and tax breaks — for companies operating in designated RE100 industrial zones powered entirely by renewable energy. The move is expected to significantly bolster efforts to attract major data center investments [...]

IT Giants Accelerate Development of AI Agents for Next-Gen Automation

IT Giants Accelerate Development of AI Agents for Next-Gen Automation

SEOUL, July 14 (Korea Bizwire) — South Korea’s leading IT service providers are fast-tracking the development of AI agent technology, widely seen as the next frontier in generative AI evolution. Unlike conventional chatbots, these advanced agents autonomously analyze vast datasets, make decisions, and proactively perform tasks — a shift that promises to transform how businesses operate. [...]

Samsung and Google Unveil XR Headset ‘Project Infinity’ as Gateway to Android XR Ecosystem

Samsung and Google Unveil XR Headset ‘Project Infinity’ as Gateway to Android XR Ecosystem

SEOUL, July 14 (Korea Bizwire) — Samsung Electronics is set to release its first extended reality (XR) headset, developed in collaboration with Google under the codename “Project Infinity,” by the end of this year. The device will be the inaugural hardware to run on “Android XR,” a newly developed operating system tailored for immersive reality [...]

Naver Showcases AI Care Tech for Elderly at Osaka Expo, Drawing Wide Interest from Japanese Visitors

Naver Showcases AI Care Tech for Elderly at Osaka Expo, Drawing Wide Interest from Japanese Visitors

OSAKA, July 12 (Korea Bizwire) — At the ongoing Osaka–Kansai Expo, Naver Cloud’s exhibition on AI caregiving technology is drawing strong interest from Japanese visitors, particularly seniors seeking support tools for aging family members. A standout attraction is “Clova CareCall,” an AI-powered phone service that checks in on elderly individuals living alone. More than just [...]

Samsung Heavy Supplies VR Solution For Ship Simulation To Taiwan’s Evergreen

Samsung Heavy Supplies VR Solution For Ship Simulation To Taiwan’s Evergreen

SEOUL, July 11 (Korea Bizwire) — Samsung Heavy Industries Co. said Friday it has provided a virtual reality (VR) training solution to Taiwan’s Evergreen Marine Corp. to support operations of eco-friendly container vessels of the shipping company. The VR solution is designed to allow crew members to familiarize themselves with dual-fuel methanol-powered ships in a [...]

S. Korean AI Firm ISciLab Wins Award At ITU Global Summit

S. Korean AI Firm ISciLab Wins Award At ITU Global Summit

SEOUL, July 10 (Korea Bizwire) — South Korean artificial intelligence (AI) company iSciLab has won an award at a global summit hosted by the International Telecommunication Union (ITU), the company said Thursday. During the AI for Good Global Summit 2025 held from Tuesday in Geneva, the company’s AI-based animal biometrics solution was recognized by the [...]