SEJONG, Oct. 15 (Korea Bizwire) – As South Korea grapples with one of the world’s lowest birth rates, a new study suggests that rising income inequality may be a significant contributing factor, prompting calls for integrated redistribution and birth support policies. The research, presented at a recent fiscal policy forum by Lee Jong Ha, a professor [...]
SEOUL, Oct. 14 (Korea Bizwire) – As Free Ad-Supported Streaming TV (FAST) gains traction, companies and brands are increasingly launching their own channels on these platforms, viewing them as a new frontier for product and service promotion. FAST channels, which offer free content in exchange for watching advertisements, are primarily consumed on smart TVs. They combine [...]
SEOUL, Oct. 14 (Korea Bizwire) – YouTube’s decision to extend the maximum length of its short-form video service, Shorts, from 60 seconds to 3 minutes is set to reshape the competitive landscape of video platforms in South Korea. The change, effective October 15, was announced on YouTube Korea’s blog, operated by Google Korea. Todd Sherman, YouTube’s [...]
SEOUL, Oct. 14 (Korea Bizwire) – The familiar “Settings” menu, long a staple of smartphone interfaces, may soon become a relic of the past on Samsung Galaxy devices. This shift reflects a broader trend in the digital manufacturing industry, where artificial intelligence (AI) is increasingly being used to interpret and execute user intentions without explicit commands. [...]
SEOUL, Oct. 14 (Korea Bizwire) – The ripple effects of Han Kang’s Nobel Prize in Literature are being felt far beyond literary circles, reaching into the realm of popular music in South Korea. According to Melon, a major domestic music streaming platform, the song “How Can I Love the Heartbreak, You’re the One I Love” by [...]
SEOUL, Oct. 14 (Korea Bizwire) – For Kim, a 33-year-old office worker, the constant pinging of their smartphone has become a source of irritation. The culprit? An increasing flood of spam text messages that seem to arrive at all hours. “Given the nature of my work, I’m always on my phone,” Kim said. “Receiving multiple spam [...]
SEOUL, Oct. 14 (Korea Bizwire) – A recent survey reveals growing discontent among young South Koreans regarding the country’s national pension system, with nearly 30% of those in their 20s and younger advocating for its abolition. The Youth Action for Pension Reform commissioned a poll conducted on October 7 and 8, surveying 1,001 South Koreans aged [...]
MOSCOW, Oct. 14 (Korea Bizwire) – Kim Juhea, a 37-year-old Korean-American writer who recently won the foreign literature category of Russia’s esteemed Tolstoy Literature Prize (Yasnaya Polyana Award), believes that “the deep and passionate souls of Korean people are the strength of Korean literature.” In an interview with Yonhap News at a Moscow hotel on October [...]
SEOUL, Oct. 12 (Korea Bizwire) – The Swedish Academy’s announcement on October 10 naming South Korean author Han Kang as the recipient of the Nobel Prize in Literature has reignited discussions about artistic freedom and political interference in South Korea. The Academy specifically cited Han’s ability to “confront historical trauma” in their decision, notably referencing her [...]
SEOUL, Oct. 11 (Korea Bizwire) – LG Electronics has unveiled a thought-provoking artwork addressing climate change issues at Frieze London 2024, one of the world’s leading art fairs. The piece, displayed on LG’s cutting-edge OLED evo screens, marks the company’s latest foray into the intersection of technology and art. The South Korean tech giant has partnered [...]