SEOUL, Sept. 6 (Korea Bizwire) – Samsung Electronics and LG Electronics have introduced their latest artificial intelligence companion robots at IFA 2024, Europe’s largest consumer electronics trade show. Samsung’s offering, a spherical yellow robot named Ballie, took center stage during a demonstration on September 5, a day before the official opening of IFA. The robot showcased [...]
SEOUL, Sept. 6 (Korea Bizwire) – The government said Friday it will conduct prior safety checks on electric vehicle (EV) batteries and require EV makers to disclose their battery brands to address public concerns about spontaneous fires in EVs. The plan was finalized during a government meeting led by Prime Minister Han Duck-soo as part [...]
WASHINGTON, Sept. 5 (Korea Bizwire) –The United States said Thursday that it is seeking new export controls on quantum computing, advanced semiconductor manufacturing equipment and other technologies, in what it called a national security measure that observers said would have limited ramifications on South Korean firms. The Commerce Department’s Bureau of Industry and Security released [...]
SEOUL, Sept. 5 (Korea Bizwire) – A fierce “recruitment war” is unfolding across South Korea as hospitals scramble to staff their emergency rooms, highlighting a growing crisis in the country’s healthcare system. Some hospitals are offering annual salaries of up to 400 million won for emergency medicine specialists, yet still struggle to fill positions. The situation [...]
SEOUL, Sept. 4 (Korea Bizwire) – In a significant shift within South Korea’s fiercely competitive food delivery app market, the long-standing market leader, Baemin, has seen its market share dip below 60% for the first time in two years. This change comes as rival Coupang Eats gains ground, capitalizing on the prolonged free delivery competition that [...]
SEOUL, Sept. 2 (Korea Bizwire) — A recent survey has revealed that nearly 43% of South Koreans aged 20 to 49 have no intention of having children, highlighting the persistent demographic challenges facing the country. However, the study also suggests that expanded government policies and corporate support could sway a significant portion of this group to [...]
SEOUL, Aug. 31 (Korea Bizwire) –As menu prices in South Korea’s restaurant industry continue to climb, a heated debate has erupted between the country’s leading food delivery app, Baedal Minjok (Baemin), and restaurant owners over who bears responsibility for the increases. Restaurant chains point to the rising commission fees charged by delivery apps, particularly Baemin, [...]
SEOUL, Aug. 30 (Korea Bizwire) – The Constitutional Court of South Korea made a significant ruling on August 29, declaring Article 8, Paragraph 1 of the Framework Act on Carbon Neutrality unconstitutional. This decision marks the first time the court has recognized that inadequate government response to the climate crisis can be viewed as a violation [...]
SEOUL, Aug. 30 (Korea Bizwire) – In response to slowing electric vehicle (EV) adoption, Hyundai Motor has unveiled a new strategy centered on hybrid vehicles (HEVs) and extended-range electric vehicles (EREVs) to navigate the current market challenges. The South Korean automaker presented its updated mid-to-long-term strategy, dubbed Hyundai Way, during its 2024 CEO Investor Day on [...]
JEJU, Aug. 29 (Korea Bizwire) – A recent survey has revealed that interest in traveling to Jeju Island, a popular South Korean tourist destination, hit an all-time low in July, marking a significant shift in domestic tourism trends. Consumer Insight, a travel research firm, reported on August 28 that only 29% of respondents expressed interest in [...]