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South Korean Biotech Firms Accelerate Development of mRNA Vaccine Platforms

South Korean Biotech Firms Accelerate Development of mRNA Vaccine Platforms

SEOUL, Jun. 27 (Korea Bizwire) – South Korean vaccine developers are leveraging the expertise gained during COVID-19 vaccine development to accelerate the creation of messenger RNA (mRNA) vaccine platforms. This push has gained momentum following the Korea Disease Control and Prevention Agency’s recent emphasis on domestically producing mRNA vaccine platforms capable of developing vaccines within 100-200 [...]

Samsung’s Semiconductor Division Holds Strategic Meeting to Address Future Challenges

Samsung’s Semiconductor Division Holds Strategic Meeting to Address Future Challenges

SEOUL, Jun. 27 (Korea Bizwire) – Samsung Electronics’ Device Solutions (DS) Division, responsible for the company’s semiconductor business, held its semi-annual global strategy meeting on June 26 to discuss ways to secure future competitiveness in the semiconductor industry.  The meeting, chaired by DS Division head Kyung Kye-hun, was held at Samsung’s Hwaseong campus in Gyeonggi Province. [...]

Samsung and LG Unveil Advanced Hotel TVs at HITEC 2024, Intensifying Competition in Hospitality Market

Samsung and LG Unveil Advanced Hotel TVs at HITEC 2024, Intensifying Competition in Hospitality Market

SEOUL, Jun. 26 (Korea Bizwire) – Samsung Electronics and LG Electronics are ramping up their efforts to dominate the hotel TV market, showcasing upgraded televisions and specialized solutions at HITEC 2024, the world’s largest hospitality technology show, currently underway in Charlotte, North Carolina. Samsung revealed on June 25 that it has integrated Apple AirPlay functionality into [...]

South Korea Faces Looming Labor Shortage as Population Declines, Study Finds

South Korea Faces Looming Labor Shortage as Population Declines, Study Finds

SEOUL, Jun. 26 (Korea Bizwire) – A new study predicts that South Korea’s declining birth rate and shrinking population could lead to a significant labor shortage in key sectors by 2042, with over 600,000 fewer workers in restaurants and retail compared to 2022 levels.  The forecast was presented by professor Lee Chulhee of Seoul National University [...]

Samsung to Expand Galaxy AI’s Language Capabilities, Adding Four New Languages This Year

Samsung to Expand Galaxy AI’s Language Capabilities, Adding Four New Languages This Year

SEOUL, Jun. 26 (Korea Bizwire) – Samsung Electronics announced on June 25 that it will add four more languages to its Galaxy AI service, which includes interpretation capabilities, by the end of this year.  The on-device real-time interpretation and translation function of Galaxy AI currently supports 16 languages, including Korean, Chinese, English, French, and Japanese. The [...]

South Korean Telecom Giants Showcase Quantum Technology at Major Industry Event

South Korean Telecom Giants Showcase Quantum Technology at Major Industry Event

SEOUL, Jun. 26 (Korea Bizwire) – The country’s three major telecommunications companies are making a significant presence at Quantum Korea 2024, a premier event bringing together quantum technology experts, academics, industry leaders, and the public to explore the latest research trends and international innovations in the field. The event, held from June 25 to 27 at [...]

Global Tech Giants Battle for Dominance in South Korea’s Booming E-Commerce Market

Global Tech Giants Battle for Dominance in South Korea’s Booming E-Commerce Market

SEOUL, Jun. 25 (Korea Bizwire) – In a surprising turn of events, South Korea has become the latest battleground for global e-commerce giants, with YouTube making an unprecedented move to launch its first shopping-dedicated store feature in the country. On June 23, industry sources revealed that YouTube, in collaboration with Cafe24, a KOSDAQ-listed e-commerce solutions company, [...]

Number of Households Relocating to Rural Areas Declines for Second Consecutive Year in 2023

Number of Households Relocating to Rural Areas Declines for Second Consecutive Year in 2023

SEOUL, June 25 (Korea Bizwire) – The number of households that moved from urban areas to farming and fishing villages fell for the second consecutive year in 2023, data showed Tuesday. The number of households moving to farming villages came to 317,464 last year, down 4.4 percent from a year earlier, according to the data [...]

Animal Rights Group Challenges Removal of Feral Cat Feeding Stations in Busan Wetland

Animal Rights Group Challenges Removal of Feral Cat Feeding Stations in Busan Wetland

BUSAN, Jun. 25 (Korea Bizwire) – An animal protection group has filed an administrative appeal against the Cultural Heritage Administration and local authorities for ordering the removal of feral cat feeding stations on Eulsukdo Island, a crucial migratory bird habitat in Busan.  The Korean Alliance for Prevention of Cruelty to Animals (KAPCA) held a press conference [...]

Samsung Builds Infrastructure for AI Chips Used in Faster, More Efficient Computing

Samsung Builds Infrastructure for AI Chips Used in Faster, More Efficient Computing

SEOUL, Jun. 25 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has completed building infrastructure to produce faster and more efficient chips for artificial intelligence (AI) computing. The infrastructure for so-called compute express link (CXL) technology was built at Samsung Memory Research Center in Hwaseong, about 45 kilometers south of Seoul, the company said [...]