SEOUL, Sept. 9 (Korea Bizwire) — At a time when glowing screens compete for nearly every spare moment of attention, most South Korean adults still reached for a traditional paper book last year. A new nationwide survey finds that four out of five adults in the country — 80.4 percent — read at least one [...]
SEOUL, Sept. 1 (Korea Bizwire) — Uncertainty surrounding the United States’ trade policy alone is estimated to reduce South Korea’s economic growth rate by about 0.13 percentage point this year, the central bank said Monday. In late July, Seoul and Washington reached a crucial agreement in which the U.S. imposes a 15 percent tariff on [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korea’s state-run postal service has suspended most shipments to the United States after Washington moved to impose customs declarations and duties on all small parcels, raising costs and disrupting cross-border trade. On Monday, the Korea Post stopped accepting low-cost airmail parcels bound for the United States. Beginning Tuesday, [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korea’s national police said it will expand the mandate of its mobile patrol units, deploying them more aggressively to prevent stalking and other relationship-based crimes, amid ongoing debate over the units’ effectiveness. The Korean National Police Agency announced on August 24 that patrol officers will be concentrated around [...]
SEOUL, Aug. 25(Korea Bizwire) — LG CNS, the IT services arm of South Korea’s LG Group, unveiled a new ecosystem of so-called “agentic artificial intelligence” designed to streamline corporate operations and improve productivity. At a media event in Seoul on Monday, Chief Executive Hyun Shin-gyun introduced AgenticWorks, a modular full-stack platform, alongside a:xink, an AI-driven [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korea’s National Fire Research Institute announced Sunday that it will pilot new visual and audio devices designed to reduce ambulance collisions at intersections, deploying them across seven regions over the next three months. The system combines a “logo light,” which projects warning messages such as “ambulance approaching” onto [...]
SEOUL, Aug. 25 (Korea Bizwire) — CJ OnStyle announced Sunday that it will launch a new mobile live commerce broadcast infused with artificial intelligence (AI) and extended reality (XR), positioning immersive video content as a differentiator in an increasingly crowded e-commerce market. The first installment, airing August 24, will spotlight the popular women’s underwear brand [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s business community reacted with alarm on Sunday after the National Assembly, led by the Democratic Party, passed the so-called Yellow Envelope Law, a sweeping revision to labor legislation that broadens the definition of strikes and limits corporate damage claims against workers. Six of the country’s largest business lobbies [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s National Assembly has approved amendments to the Trade Union and Labor Relations Adjustment Act, known as the Yellow Envelope Law, granting subcontracted and platform workers broader bargaining rights and restricting corporate claims for damages against unions. The law, passed on August 24, will take effect after a [...]
SEOUL, Aug. 24 (Korea Bizwire) — Nearly a decade after it was first proposed, South Korea’s National Assembly on Sunday passed the so-called Yellow Envelope Law, a landmark revision to the Trade Union and Labor Relations Adjustment Act that limits companies’ ability to claim damages against striking workers and strengthens protections for subcontracted labor. The legislation, [...]