SEOUL & OTHER LOCATIONS, Aug. 25 (Korea Bizwire) – On August 24, as heat wave warnings blanketed nearly the entire country except Mount Halla in Jeju, South Koreans streamed to beaches, rivers and amusement parks in a final summer rush, seeking relief from sweltering temperatures that have also exposed the nation’s deepening water shortages. In Busan, [...]
SEOUL, Aug. 23 (Korea Bizwire) — Colorectal cancer, long considered a “Western disease,” is surging in South Korea, particularly among people in their 20s and 30s, where cases are growing at an annual rate of about 4 percent. A new study has identified Western-style eating habits as a major driver of the trend. A joint [...]
SEOUL, Aug. 23 (Korea Bizwire) — Nearly a third of South Korean retail investors using mobile trading apps have experienced system failures or access disruptions, raising concerns about reliability in a market where split-second timing can determine profits and losses. According to a survey released Friday by the Korea Consumer Agency, 59 percent of respondents [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea is fast-tracking efforts to develop on-device artificial intelligence (AI) semiconductors, critical components for autonomous vehicles, collaborative robots, and unmanned aerial systems, as part of a broader push to secure technological sovereignty and industrial competitiveness. The Ministry of Trade, Industry and Energy said Friday that a state panel [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea is exporting its advanced intelligent transportation system (ITS) to Bangladesh, where chronic congestion and high accident rates have long plagued daily life in the capital and beyond. The Korea International Cooperation Agency (KOICA) announced Friday that it has opened Bangladesh’s first Traffic Management Center (TMC) in Dhaka, [...]
SEOUL, Aug. 22 (Korea Bizwire) — NCSOFT Corp., a leading South Korean game developer, said Friday it has signed a content distribution collaboration deal with local animation streaming platform Laftel. Under the agreement, Laftel will distribute 3,800 titles of animation content to NCSOFT’s NC Family Zone (NCFZ) PC cafes, starting Sept. 18. NCSOFT plans to [...]
SEOUL, Aug. 22 (Korea Bizwire) — Starbucks Korea said Friday its total number of outlets is “on track” to top 2,100 by year-end, underscoring the U.S. coffee chain’s continued growth in Asia’s fourth-largest economy. The Seattle-based coffee giant opened its first store near Ewha Womans University in Seoul in 1999 through a partnership with local [...]
SEOUL, Aug. 22 (Korea Bizwire) — K-pop sensation Stray Kids dropped its fourth full-length album, “Karma,” on Friday, a project it says reflects on the achievements it has made through years of hard work. Speaking at a press conference in Seoul, rapper Changbin said, “We wanted to create an album that interprets ‘karma’ in a [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korean universities are becoming markedly more international, with foreign students now accounting for more than 20 percent of enrollment at a growing number of institutions, according to a new government-affiliated study released Thursday. The Korea Immigration Policy Institute, analyzing data from the Korean Educational Development Institute, found that [...]
SEOUL, Aug. 22 (Korea Bizwire) — Once confined to military bases and the closets of enlisted soldiers, the “ROKA Tee” — a functional T-shirt emblazoned with the insignia of South Korea’s armed forces — has become an unlikely fashion hit among civilians, tourists, and students. At a military supply store in Yongsan earlier this month, [...]