SEOUL, Jan. 15 (Korea Bizwire) — Concerns are growing about South Korea’s young people who are facing the risk of falling into what some are calling a ‘lost generation,’ as the prospects of a so-called job cliff are deepening due to the COVID-19 pandemic. According to Statistics Korea, the annual jobless rate of young people [...]
SEOUL, Jan. 15 (Korea Bizwire) — The delivery market is bracing for Coupang Corp.’s move to jump into the delivery business. Coupang Logistics Service, a subsidiary of South Korea’s leading e-commerce operator, was recently certified by the Ministry of Land, Infrastructure and Transport to engage in cargo distribution business. Coupang Logistics acquired distributor certification by [...]
SEJONG, Jan. 15 (Korea Bizwire) — Artificial intelligence (AI) will have replaced more than half of all business workforce and tasks in 20 years, a state-run think tank said Thursday. The Korea Development Institute conducted a survey of 1,000 businesses employing more than 20 workers, both large and small, many of which expected that AI [...]
DAEJEON, Jan. 15 (Korea Bizwire) — A text message was sent to the Daejeon branch of radio station TBN during an evening live radio broadcast. on Jan. 8. TBN, a traffic information broadcasting system operated nationally by the Road Traffic Authority, broadcasts on traffic normally make use of various reports via text message to incorporate [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s major export companies may have to bear a significant financial burden if the European Union (EU), the United States and China introduce a proposed carbon border tax in 2023, a Seoul bureau of environmental activist group Greenpeace said Thursday. According to a report revealed by Greenpeace Seoul, [...]
SEOUL, Jan. 15 (Korea Bizwire) — Seoul’s southeastern Songpa district said Thursday it will collect and sort cans and plastic bottles automatically using artificial intelligence (AI)-based resource circulation and collection robots. The district office will install a couple of such robots within its district. The AI-based robots will automatically sort, compress and store cans and [...]
SEOUL, Jan. 15 (Korea Bizwire) — The Korea Meteorological Administration (KMA) held the official launch of its new ‘Earthquake Monitor Video Service’ on Wednesday. This service enables users to view the state weather agency’s real-time earthquake monitors and analysis through YouTube videos. Thus far, the KMA’s earthquake information was limited to only earthquake alerts that [...]
SEOUL, Jan. 14 (Korea Bizwire) — The Chinese ambassador, as well as a famous food blogger in China were shown on social media making Korean kimchi, rekindling the Korea-China debate over the origin of kimchi. Chinese Ambassador to the United Nations Zhang Jun posted a photo of himself holding up kimchi on his Twitter account [...]
SEOUL, Jan. 14 (Korea Bizwire) — Tuition fees at most universities are expected to remain unchanged as the coronavirus is raising prospects that online classes will continue for the new semester, frustrating both universities and students. Seoul National University recently decided to freeze tuition for both undergraduate and graduate schools for the new 2021 academic [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korean retailers are competing over same-day delivery as the coronavirus pandemic drags on. Demand for same-day delivery has been increasing among double-income households as it allows them to receive any delivery if ordered two or three hours before they get off work. The hypermarket chain Lotte Mart reported [...]