SEOUL, Nov. 28 (Korea Bizwire) — Merchants in Seoul’s historic Namdaemun import market say the sharp fall of the Korean won has pushed them to the brink, driving up wholesale prices and dampening consumer demand as the currency sinks to its weakest level since the 2009 global financial crisis. On Tuesday, the won briefly touched 1,467.7 [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea will issue its first government-backed ethics guidelines for the use of generative artificial intelligence on university campuses, amid a surge in cheating cases involving AI tools such as ChatGPT. According to the office of Kim Yong-tae, an opposition lawmaker who sits on the National Assembly’s Education Committee, the [...]
GOHEUNG, Nov. 27 (Korea Bizwire) — The successful fourth launch of South Korea’s Nuri rocket has renewed attention on the Naro Space Center in Goheung, South Jeolla Province — the country’s first and only launch site, and the core of its rapidly expanding space ambitions. Opened in 2009 on Oenarodo Island, the Naro Space Center serves [...]
GOHEUNG, South Korea, Nov. 27 (Korea Bizwire) — South Korea’s homegrown space ambitions took another decisive step forward early Thursday, when its Nuri rocket rose from a seaside launchpad on the nation’s southern coast and carried 13 satellites into orbit — a predawn ascent that officials hailed as a milestone for the country’s growing private-sector space ecosystem. [...]
SEOUL, Nov. 27 (Korea Bizwire) — Samsung Electronics has dismantled the dedicated high-bandwidth memory (HBM) development team it created just last year and folded its engineers into the broader DRAM development division, industry sources said Thursday — a move interpreted as a sign of growing confidence in the company’s next-generation HBM technology. According to industry officials, [...]
SEOUL, Nov. 27 (Korea Bizwire) — A public petition opposing a potential ban on South Korea’s popular dawn delivery services surpassed 25,000 signatures on Thursday, one day before a government-labor-industry dialogue committee is set to meet for a third round of discussions on the issue. The petition, filed by a self-described working mother, argues that overnight [...]
JEONJU, Nov. 27 (Korea Bizwire) — A South Korean appeals court on Thursday overturned the conviction of a security guard accused of stealing a 1,050-won snack — a case that drew widespread attention as a modern-day “Les Misérables” story and raised questions about prosecutorial discretion. The Jeonju District Court’s criminal appeals division acquitted the 41-year-old defendant, [...]
MUAN, Nov. 27 (Korea Bizwire) — South Jeolla Province is celebrating a wave of high-profile successes — from attracting global data centers and fusion research facilities to the successful launch of the Nuri rocket — cementing its ambitions to become South Korea’s “energy capital.” Early Thursday morning, the country’s first privately built Nuri (KSLV-II) rocket lifted [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korean young adults are taking significantly longer to land their first full-time job, with those living outside the Seoul metropolitan area facing a growing disadvantage, according to new government research released Thursday. A study by the Korea Employment Information Service (KEIS) found that the average job-search period for young [...]
SEOUL, Nov. 27 (Korea Bizwire) — What once felt like the plot of a workplace drama is increasingly echoing real life for many middle-aged South Koreans. In the popular series The Dream Life of Mr.Kim (the story of manager Kim working at a large company in Seoul), a seemingly secure executive finds himself abruptly sidelined and [...]