SEOUL, Nov. 21 (Korea Bizwire) — South Korea has nearly quadrupled its investment in “bio big data” over the past five years, reflecting the government’s drive to strengthen the country’s competitiveness in next-generation drug development and digital healthcare. According to a new report by the National Center for Biotechnology Policy Research, government investment in the sector [...]
SEOUL, Nov. 21 (Korea Bizwire) — As generative artificial intelligence becomes mainstream in game development, a fierce debate is emerging over the use of AI-generated art, voice acting and other digital assets — with players and creators accusing studios of sacrificing quality and authenticity for efficiency. The controversy resurfaced sharply after Activision acknowledged using AI in [...]
SEOUL, Nov. 20 (Korea Bizwire) — Kakao’s real-time bus-tracking feature, which displays vehicle locations with 10-centimeter accuracy, is delivering measurable time savings for riders — nearly two hours per month — according to a new academic study commissioned by the company. Kakao said on Nov. 20 that research teams from Seoul National University and KAIST analyzed [...]
SEOUL, Nov. 20 (Korea Bizwire) – One in five married women with children experienced career interruptions this year, government data showed Thursday, marking the lowest level largely due to change in social perception and improved work–life balance policies. The number of married women aged 15 to 54 living with children under the age of 18 [...]
SEOUL, Nov. 20 (Korea Bizwire) — Once a nostalgic winter street snack sold from roadside carts, bungeoppang — Korea’s fish-shaped pastry filled traditionally with sweet red bean — is fast becoming a breakout product in the global bakery market, buoyed by advances in frozen food technology and the worldwide rise of Korean pop culture. According to [...]
SEOUL, Nov. 19 (Korea Bizwire) — A large majority of South Korean workers say the country’s labor market is fundamentally unequal, reflecting long-standing structural divides between large conglomerates and smaller firms, according to new research presented at a major labor conference in Seoul on Tuesday. The survey, released at the 30th-anniversary forum of the Federation [...]
SEOUL, Nov. 19 (Korea Bizwire) — A large majority of South Korean workers in their 20s and 30s say the country should extend the legal retirement age, reflecting deepening economic anxieties and concerns about old-age security, according to a new survey released Wednesday. The poll, conducted by Remember & Company, which operates the professional networking [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea has secured a decisive victory in its protracted legal war with Lone Star Funds, closing a contentious chapter that has shaped the country’s financial and political landscape for more than two decades. The U.S. private equity firm—long criticized in Korea as a predatory “vulture fund”—first entered the market [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea plans to impose stricter disclosure requirements on listed companies’ executive compensation and expand access to shareholder voting information, in a move aimed at improving market transparency and strengthening investor rights, the Financial Services Commission (FSC) announced Sunday. Under the reform package — titled Measures to Improve Corporate Disclosure [...]
SEOUL, Nov. 12 (Korea Bizwire) — Samsung Electronics is set to launch its first dual-folding smartphone, the Galaxy Z Trifold, next month, marking a new step in the evolution of foldable devices. According to industry sources, Samsung will hold an official launch event on December 5 to introduce the Trifold and begin domestic sales. The model, [...]