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KOICA Selects Novel Ideas for International Development Programs

KOICA Selects Novel Ideas for International Development Programs

SEOUL, Aug. 12 (Korea Bizwire) — Private and public sectors have teamed up to come up with new ideas for sending aid to developing countries. The Korea International Cooperation Agency (KOICA), South Korea’s overseas aid agency, announced Thursday that it had selected 12 new proposals for this year’s public cooperation project. The selected proposals included [...]

S. Korea Has Nationalized 5.2 mln Square Meters of Land Owned by Japanese During Colonial Rule

S. Korea Has Nationalized 5.2 mln Square Meters of Land Owned by Japanese During Colonial Rule

SEOUL, Aug. 12 (Korea Bizwire) — South Korea has so far nationalized 5.04 million square meters of land owned by Japanese citizens and Japanese companies during the 1910-45 colonial rule, the state procurement agency said Thursday. The official appraisal price of this land is estimated at 150 billion won (US$114 million) and the size of [...]

Justice Ministry Grants Korean Citizenship to 20 Descendants of Independence Fighters

Justice Ministry Grants Korean Citizenship to 20 Descendants of Independence Fighters

SEOUL, Aug. 12 (Korea Bizwire) — The Ministry of Justice has granted Korean citizenship to some descendants of independence fighters against Japan’s colonial rule of the Korean Peninsula. The ministry held a ceremony on Thursday, four days ahead of the 77th anniversary of Korea’s liberation from the 1910-45 colonial rule, and issued citizenship certificates to [...]

Naver Updates AI-based Voice Recording Service to Automatically Summarize Meeting Minutes

Naver Updates AI-based Voice Recording Service to Automatically Summarize Meeting Minutes

SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s dominant internet portal operator Naver Corp. said Thursday it had updated its artificial intelligence (AI)-based voice recording service CLOVA Note and added an AI summary function. The new function makes use of Naver’s supersized AI platform HyperCLOVA to divide the section of dialogue by theme and automatically [...]

Insurance Firms Overwhelmed with Claims After Record Rainfall

Insurance Firms Overwhelmed with Claims After Record Rainfall

SEOUL, Aug. 11 (Korea Bizwire) — The torrential rain that drenched the greater Seoul area resulted in thousands of cars being submerged, putting general insurance companies on alert. A record-breaking downpour that swept through Seoul, Gyeonggi Province and Incheon last Monday resulted in 12 general insurance companies receiving 9,189 reports of submerged cars as of [...]