SEOUL, Jun. 23 (Korea Bizwire) — The National Pension Service’s low interest loan packages dubbed “Silver Loans” are a big hit among its target demographic of pensioners who are 60 and above. Launched in May of 2012, the Silver Loan (officially titled “Rapid Loans for the Elderly Program”) initiative is still going strong with numerous [...]
SEOUL, Jun. 22 (Korea Bizwire) — In response to a rash of deaths among individuals living alone, which in some cases go unreported for as long as weeks, the Seoul Metropolitan Government is adopting smart sensors in a bid to tackle the worrisome trend. The smart sensors, courtesy of major South Korean telecom provider KT, [...]
SEOUL, June. 21 (Korea Bizwire) — With the advent of technology, South Korean shopping channels as we know them are in for a dramatic makeover. The massive conglomerates behind many of these channels are increasingly tapping comedians and internet stars to be the face of their sales broadcasts through digital platforms. One industry powerhouse leading the [...]
SEOUL, Jun. 19 (Korea Bizwire) — Seo District in Daejeon is introducing a usage-based food waste disposal system at apartment complexes as part of efforts to reduce food waste by 20 percent. As of now, residents at most of the apartment blocks in Seo District are charged a flat rate regardless of each individual’s food [...]
SEOUL, June 16 (Korea Bizwire) – South Korean researchers have developed a high-accuracy rain sensor capable of informing drivers of alternative routes in case of heavy rain, a development that is expected to ease traffic congestion. According to the Korea Meteorological Administration (KMA), the South Korean joint research team of Kangwon National University and light [...]
OKCHEON, June 12 (Korea Bizwire) – Okcheon County in North Chungcheong Province has recently experienced a drop in the number of attacks from wild boars, after the local government began feeding the wild animals instead of hunting them, following the realization that many venture out of their natural habitat due to hunger. Previously, local government officials [...]
SEOUL, June 8 (Korea Bizwire) – A South Korean research team has successfully cloned a pig with dementia named ‘Jenu Pig’, making the team the first in the world to develop a laboratory animal showing symptoms of the mental illness similar to humans, which will be used as an experimental model in developing a dementia [...]
SEOUL, June 7 (Korea Bizwire) – As drone sales worldwide are forecast to reach 2.5 million units this year, the growing interest in unmanned aerial vehicles in South Korea is seeing a number of drone events take place around the country. The Ministry of Land, Infrastructure, and Transport (MOLIT) is holding a competition for 3D [...]
SEOUL, June 2 (Korea Bizwire) – A South Korean research team has partnered with the National Police Agency to develop an artificial intelligence CCTV system. The Electronics and Telecommunications Research Institute (ETRI) announced yesterday it has embarked on a project to develop a cloud-based smart video surveillance platform, which will see a number of the [...]
SEOUL, June 1 (Korea Bizwire) – Seoul will provide free public transportation during commuting hours when the fine dust level goes beyond certain levels starting next month, as part of its efforts to curb air pollution. The Seoul Metropolitan Government said Thursday the rush-hour fare exemptions for bus and subway passengers will be introduced to [...]