SEOUL, Oct. 24 (Korea Bizwire) – South Korea’s National Intelligence Service (NIS) has discovered an illicit trade of prescription ADHD medications through social media platforms, raising concerns about drug abuse among students. In a joint operation with police conducted from July to September, the NIS identified 37 chat rooms on Telegram and X (formerly Twitter) dedicated [...]
SEOUL, Oct. 24 (Korea Bizwire) – Seoul’s historic Myeongdong shopping district is set to undergo an ambitious transformation into “Myeongdong Square,” a digital entertainment hub that officials hope will rival New York’s Times Square. “Myeongdong Square will provide an immersive experience that surpasses Times Square’s grandeur and will emerge as a new global tourist destination,” Kim [...]
SEOUL, Oct. 24 (Korea Bizwire) – South Korean tech giant Kakao announced on October 23 that it is taking aggressive steps to integrate artificial intelligence into its workforce operations, signaling a major shift in how one of Asia’s leading technology companies approaches AI adoption. Speaking at the company’s annual developer conference “if kakao AI 2024″ at [...]
SEOUL, Oct. 24 (Korea Bizwire) – South Korea’s main gateway, Incheon International Airport, will begin allowing celebrities to use separate entrances in an effort to manage crowd control and improve safety for all travelers. The Incheon International Airport Corporation announced on October 23 that it had sent official notices to entertainment agencies regarding new procedures for artist [...]
DAEJEON, Oct. 24 (Korea Bizwire) – The Electronics and Telecommunications Research Institute (ETRI) of South Korea announced on October 23 that it has developed an intelligent fire detection system capable of significantly reducing false alarms. According to the National Fire Agency, a staggering 96.6% of fire alarm responses between 2021 and July 2022 were triggered by [...]
SEOUL, Oct. 24 (Korea Bizwire) – What kinds of wine do shoppers who spend more than 100 million won annually at department stores prefer? According to data released on October 23 by Galleria Department Store, Burgundy wines and champagne dominate their luxury wine purchases. An analysis of sales from The Vino 494, the upscale wine boutique [...]
SEOUL, Oct. 23 (Korea Bizwire) – NCSoft, one of South Korea’s largest gaming companies, announced on October 22 a major restructuring that will see it abandon several new intellectual properties (IPs) to refocus on its successful “Lineage” series and other massively multiplayer online role-playing games (MMORPGs). The company will shut down multiple projects, including “Battle Crush,” [...]
SEOUL, Oct. 23 (Korea Bizwire) – A recent survey has revealed that 60% of South Korean adults support stabilizing the national pension system to ensure future generations can receive benefits at least equal to their contributions. The poll also showed that young people, particularly those in their 20s and 30s, harbor deep skepticism about the sustainability [...]
DAEJEON, Oct. 23 (Korea Bizwire) – In a significant move to boost electric vehicle safety, South Korea’s Public Procurement Service (PPS) announced on October 22 comprehensive measures to improve fire safety management and emergency response capabilities for public EV charging facilities. The new guidelines require all future public buildings to have EV charging stations installed at [...]
SEOUL, Oct. 23 (Korea Bizwire) – The CEO of Adidas Korea, Peter Kwak, faced harsh criticism from lawmakers on October 21 for what they deemed an uncooperative attitude during a parliamentary audit, particularly his insistence on speaking English despite demonstrating Korean language ability. Kwak appeared as a witness before the National Assembly’s Political Affairs Committee to [...]