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Archive by category Top News

South Korean Researchers Develop AI-Powered Urban Electrification Technology

DAEJEON, Sept. 12 (Korea Bizwire) – The Korea Institute of Energy Research (KIER) has announced a breakthrough in urban electrification technology, leveraging artificial intelligence to stabilize renewable energy grids in cities. The development, announced on September 11, marks a significant step towards sustainable urban environments and carbon neutrality. Urban electrification, the process of transitioning city energy [...]

South Korean City Unveils High-Tech Bus Shelters with IoT Capabilities

DONGHAE, Sept. 12 (Korea Bizwire) – The coastal city of Donghae in Gangwon Province has launched a series of smart bus shelters equipped with Internet of Things (IoT) technology, marking a significant upgrade to its public transportation infrastructure. City officials announced on September 11 that the new shelters, which go beyond traditional waiting areas, are designed [...]

Gaming Giant Krafton Bets Big on Short-Form Drama with Major Investment

SEOUL, Sept. 12 (Korea Bizwire) – Krafton, the South Korean video game powerhouse behind global hit “PlayerUnknown’s Battlegrounds,” is making a significant pivot into the rapidly growing short-form drama market, signaling a major diversification effort for the company. On September 11, Krafton announced a 120 billion won equity investment in Spoonlabs, a company known for its [...]

Tech Mogul’s Estate Tax Payment Brings Windfall, but Falls Short of Plugging Revenue Gap

SEJONG, Sept. 12 (Korea Bizwire) – The family of the late Kim Jung-ju, founder of the gaming giant Nexon, has completed the payment of their inheritance tax, estimated at over 5 trillion won, drawing attention to its potential impact on South Korea’s tax revenue. However, the actual cash contribution to the national coffers is expected to [...]

Seoul District Pilots AI-Powered Flood Prediction System

SEOUL, Sept. 12 (Korea Bizwire) – In an effort to minimize damage from localized extreme rainfall, Gangnam District in Seoul has launched a pilot program for an advanced flood monitoring and prediction system, local officials announced on September 11. The system, which combines artificial intelligence (AI) and Internet of Things (IoT) technologies, has been dubbed the [...]

South Korean Scientists Develop Seawater-Powered Energy Harvester

DAEJEON, Sept. 12 (Korea Bizwire) – In a breakthrough that could revolutionize sustainable energy production, researchers at the Korea Institute of Machinery and Materials (KIMM) have developed an energy harvester capable of generating electricity from seawater, the institute announced on September 11. Energy harvesters are devices designed to capture and convert ambient energy sources, such as [...]

Badminton Gold Medalist Vindicated After Criticism of ‘Incomprehensible Governing Body

SEOUL, Sept.11 (Korea Bizwire) – The Ministry of Culture, Sports and Tourism has launched an investigation into the Korean Badminton Association following outspoken comments by An Se-young, the 2024 Paris Olympics badminton gold medalist. The probe has already uncovered outdated practices within the association and prompted calls for reform. According to the ministry’s interim findings, released [...]

Mother’s Four-Year Fight for Justice Highlights Flaws in South Korean Medical System

SEOUL, Sept.11(Korea Bizwire) – Kim So-hee’s voice trembled as she recounted the tragic loss of her 4-year-old son, Kim Dong-hee, in a case that has come to symbolize the challenges patients face in South Korea’s medical system. “It wasn’t until the investigation began that we learned the shocking truth,” Kim said at a patient advocacy event [...]

Controversy Erupts Over Live Dog Delivery Listings on South Korean E-Commerce Giant

SEOUL, Sept.11 (Korea Bizwire) – Coupang, South Korea’s leading e-commerce platform, found itself embroiled in controversy after listings offering to ship live puppies via courier service appeared on its site, sparking outrage among animal rights advocates and raising questions about the company’s content monitoring practices. According to industry sources, two listings appeared on Coupang’s platform on [...]

Amid High Inflation, South Korea Sees Record Usage of Secondhand Marketplace Apps

SEOUL, Sept. 11 (Korea Bizwire) – As inflation continues to squeeze household budgets, South Koreans are turning to secondhand marketplace applications in record numbers, according to a recent study. App and retail analysis service Wise App reported on September 10 that last month saw an all-time high in both installations and active users of major secondhand [...]