SEOUL, Feb. 28 (Korea Bizwire) — In a significant advance toward more reliable artificial intelligence systems, researchers at the Korea Advanced Institute of Science and Technology (KAIST) have developed a novel AI model that can question and verify its own assumptions, mimicking human cognitive processes. The research team, led by professors Lee Sang Wan and Jung [...]
SEOUL, Feb. 28 (Korea Bizwire) — The South Korean Ministry of Agriculture, Food, and Rural Affairs announced an ambitious five-year animal welfare plan on February 27 that includes banning convicted animal abusers from owning pets and increasing fines for animal abandonment to 5 million won, marking a significant shift in the country’s approach to animal protection. [...]
INCHEON, South Korea, Feb. 28 (Korea Bizwire) — A Chinese-Korean construction worker who suffered a severe brain injury and paralysis after being struck by a falling pipe at a building site has won a lawsuit against the subcontractor and general contractor responsible for the project. On February 27, the Incheon District Court ruled in favor [...]
SEOUL, Feb. 28 (Korea Bizwire) — The number of lost items reported in the Seoul subway system reached 152,540 in 2024, marking a 4% increase from the previous year, according to Seoul Metro’s latest report released on February 27. On average, 418 lost items were registered daily, meaning approximately one in every 61 subway passengers [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s National Assembly passed the so-called ‘K-Chips Act’ on February 27, expanding tax benefits for semiconductor companies in a move aimed at strengthening the nation’s global competitiveness in chip manufacturing. The legislation comes at a crucial time as geopolitical uncertainties, including the new U.S. administration’s trade policies, add pressure [...]
Tarragona, Spain, Feb. 27 (Korea Bizwire) — Kia has introduced its first purpose-built vehicle (PBV), the PV5, as part of its strategy to lead in customized mobility solutions. Designed for passenger transport, cargo delivery, and wheelchair accessibility, the PV5 offers a highly adaptable interior, making it suitable for various specialized applications, including camping and refrigerated transport. [...]
SEOUL, Feb. 27 (Korea Bizwire) — The Seoul Metropolitan Government is set to debut South Korea’s first artificial intelligence (AI)-powered robotic electric vehicle (EV) charging system, ‘Seoul Boy,’ on February 27. The innovative system, developed in collaboration with EV charging specialist Moderntec, will be located at the public parking lot of Sinbanghwa Station on Subway Line [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korean pharmaceutical and biotech companies are rapidly expanding their presence in the Middle Eastern market, capitalizing on the region’s growing healthcare demands and high-income population. Daewoong Pharmaceutical recently launched its botulinum toxin product, Nabota, in Saudi Arabia, a market known for its stringent entry barriers for such products. The company [...]
SEOUL, Feb. 27 (Korea Bizwire) — As South Korea’s prolonged economic downturn continues, small business owners are increasingly burdened by rising labor costs. A recent analysis shows that small independent business operators employ an average of 1.8 workers per establishment, highlighting the strain on entrepreneurs trying to sustain their workforce. According to data from the [...]
SEOUL, Feb. 26 (Korea Bizwire) — Emergency roadside assistance for electric vehicles (EVs) varies significantly by season, with winter dominated by towing requests and summer seeing a surge in tire puncture repairs, according to a recent study. The Traffic and Climate Research Center at Hyundai Marine & Fire Insurance analyzed two years of data from [...]