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7 in 10 South Korean Companies Not Ready for 4th Industrial Revolution

7 in 10 South Korean Companies Not Ready for 4th Industrial Revolution

SEOUL, May 17 (Korea Bizwire) – Nearly seven in ten companies in South Korea are not prepared for the fourth industrial revolution, which is reshaping many economies and industries with a range of new technologies, a new report revealed. According to the report released yesterday by the Hyundai Research Institute on the perception of the fourth [...]

Nearly Half of One-Person Households Skip Breakfast

Nearly Half of One-Person Households Skip Breakfast

SEOUL, May 17 (Korea Bizwire) – Almost half of South Koreans living alone are skipping breakfast, with a growing tendency of the younger generation to consume more instant meals and less vegetables and fruit, a survey showed Tuesday. Only 53.5 percent of the respondents who live on their own said they have breakfast every day, far lower than the 65.3 percent of people who were asked the [...]

75 Percent of Citizens Express Positive Outlook on President Moon

75 Percent of Citizens Express Positive Outlook on President Moon

SEOUL, May 15 (Korea Bizwire) – Three in 4 adult South Korean citizens gave a positive outlook on President Moon Jae-in’s handling of state affairs, a survey showed Monday, reflecting high public support for the newly minted liberal leader.  In the survey conducted from Wednesday through Saturday by local pollster Realmeter, 74.8 percent of the [...]

Aftereffects of THAAD Row to Linger in S. Korea and China

Aftereffects of THAAD Row to Linger in S. Korea and China

SEOUL, May 4 (Korea Bizwire) — South Korea and China will both be hurt economically by the fallout caused by the deployment of the advanced U.S. missile defense system on the Korean Peninsula, a local think tank said Wednesday. According to the Hyundai Research Institute (HRI), Beijing’s retaliation against Seoul’s decision to station a Terminal [...]

Study Shows 88 pct of Financial Firms Threatened by Clout of Fintech

Study Shows 88 pct of Financial Firms Threatened by Clout of Fintech

SEOUL, May 2 (Korea Bizwire) — Nearly 90 percent of financial firms worldwide said their businesses are at risk from rapidly expanding fintech rivals and they fear losing revenue to the financial innovators, according to a new study released on Monday, in the latest sign of the growing influence of financial technology, known as fintech. [...]

Drone Owners Increasingly Worried About Accidents: Survey

Drone Owners Increasingly Worried About Accidents: Survey

SEOUL, April 27 (Korea Bizwire) – As the drone market continues to grow in South Korea, an increasing number of consumers are worried about drone accidents and crashes, according to the Korea Consumer Agency (KCA). A recent survey conducted by the KCA covering 1,500 adult consumers from across the country revealed that nearly 40 percent [...]

South Korean Home Ownership Reaches Record Levels

South Korean Home Ownership Reaches Record Levels

SEOUL, April 26 (Korea Bizwire) – Soaring rental prices in the housing market in recent years are seeing upper-middle class households purchase their own homes, with the home ownership rate reaching 56.8 percent, the highest figure since records began in 2006, according to a report released yesterday by the Ministry of Land, Transport and Maritime [...]

Social Robot Patent Applications Rise Sharply on AI, Robotics Advances: Data

Social Robot Patent Applications Rise Sharply on AI, Robotics Advances: Data

SEOUL, Apr. 26 (Korea Bizwire) — The application of patents for social robots that can interact and communicate with humans has risen sharply in South Korea in recent years with the advances being made in robotics and artificial intelligence, government data showed Tuesday. Social robot patent applications have surged more than 20 percent annually since [...]