Outlook Archives | Be Korea-savvy

Archive by category Outlook

Experts Predict Jobs Vulnerable to Robots and AI

Experts Predict Jobs Vulnerable to Robots and AI

SEOUL, Jan. 4 (Korea Bizwire) – Artificial intelligence and robotics experts surveyed by the Korea Employment Information Service have predicted that within ten years, more than half of the working population will be employed in professions highly replaceable by AI and robots.  Technological advancement will greatly improve the abilities of the machines, experts said, giving [...]

S. Korea Sets Sights on ‘Cross-Border Financing Hub’

S. Korea Sets Sights on ‘Cross-Border Financing Hub’

SEOUL, Dec. 8 (Korea Bizwire) – South Korea has decided to reset its push to become a regional financial hub, reflecting a change in related global circumstances, authorities announced Thursday.  Despite the government’s initiative that started in 2008, foreign financial firms have withdrawn or scaled down their businesses in Asia’s fourth-biggest economy.  In a relevant [...]

Samsung’s Growing Legal Woes with Galaxy Note 7 Users

Samsung’s Growing Legal Woes with Galaxy Note 7 Users

SEOUL, Dec. 5 (Korea Bizwire) – Although Samsung Electronics was quick to let go of its Galaxy Note 7, many of its customers weren’t, and the electronics giant is not willing to compromise in lawsuits over its faulty phablet.  According to sources, Samsung has retained the services of Lee & Ko, a well respected local [...]

Hyundai Mulls Pulling Grandeur out of U.S. Market

Hyundai Mulls Pulling Grandeur out of U.S. Market

SEOUL, Nov. 28 (Korea Bizwire) — Hyundai Motor Co. is considering suspending the sales of the Grandeur sedan, exported under the name Azera, in the United States, industry sources said Sunday, due to its sluggish sales there. While Hyundai announced the launch of the sixth-generation Grandeur earlier in November, sources said the company would not [...]

Elderly Hold Key to Korea’s Consumption Growth

Elderly Hold Key to Korea’s Consumption Growth

SEOUL, Nov. 9 (Korea Bizwire) – Amid stagnant growth of local household consumption, a recent study indicated that the elderly will play an essential role in leading Korea’s future consumption.  According to the report – Consumption Status of the Elderly and its Implications – compiled by the Bank of Korea’s research bureau, the contribution rate [...]

S. Korea to Promote Fintech Ties with Silicon Valley

S. Korea to Promote Fintech Ties with Silicon Valley

SEOUL, Nov. 4 (Korea Bizwire) — South Korea said Friday it will strengthen partnerships with Silicon Valley on financial technology, called fintech. The Fintech Center of Korea signed memorandums of understanding (MOUs) with two high-profile organizations — 500 Startups and Silicon Valley Forum — for the initiative on the sidelines of a South Korean Fintech [...]

Kia Motors Unveils 4 Modified Cars at U.S. Auto Show

Kia Motors Unveils 4 Modified Cars at U.S. Auto Show

SEOUL, Nov. 4 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest carmaker, said Friday it unveiled four modified cars at an annual U.S. auto show, including a self-driving Sorento equipped with tracks. The annual trade fair, hosted by the Specialty Equipment Market Association this week in Las Vegas, showcased aftermarket modified cars from automakers [...]

Mega IPOs May Help Shore up Sagging Stock Market

Mega IPOs May Help Shore up Sagging Stock Market

SEOUL, Nov. 3 (Korea Bizwire) — Samsung BioLogics, a biopharmaceutical unit of Samsung Group, and Doosan Bobcat Co., an affiliate of power equipment conglomerate Doosan Group, are set to make their market debuts this month, which some analysts say may help the local stock market recover from a recent market turmoil. Last week, Samsung BioLogics, [...]

KT, LG Uplus Join Hands to Commercialize Internet of Things

KT, LG Uplus Join Hands to Commercialize Internet of Things

SEOUL, Nov. 3 (Korea Bizwire) — KT Corp. and LG Uplus Corp., South Korea’s second- and third-largest mobile carriers, unveiled a deal Thursday to work together on commercializing the Internet of Things (IoT) technology. The IoT technology, which allows everyday appliances to link to the Internet, is seen as one of the major technological developments [...]