SEOUL, Apr. 23 (Korea Bizwire) – A recent report from the market research firm TechInsight has revealed that South Korea leads the world in having the highest average selling prices for smartphones, surpassing 87 other countries surveyed. After initially overtaking Japan in 2021, South Korea has now held the top spot for two consecutive years in [...]
SEOUL, Apr. 22 (Korea Bizwire) – A new study suggests that network operators, including telecommunications companies, provide benefits worth an estimated 506 billion won annually to Netflix users in South Korea. The research paper titled “An Empirical Study on the Benefits Provided by Internet Service Providers (ISPs) to Over-the-Top (OTT) Service Users,” authored by Professor Byun [...]
SEOUL, April 21 (Korea Bizwire) – Military hospitals nationwide have treated more than 700 civilians since opening their doors to the public at a full scale in mid-February, the defense ministry said Sunday, amid the protracted walkout by trainee doctors. Military hospital emergency rooms became fully accessible to civilians to help address concerns of health [...]
SEOUL, April 21 (Korea Bizwire) – Corporate direct financing in South Korea shrank more than 22 percent from a month earlier in March due to a sharp decline in corporate bond issuances, data showed Sunday. Local firms raised a combined 20.5 trillion won (US$14.86 billion) by selling stocks and bonds last month, down 22.5 percent [...]
SEOUL, Apr. 19 (Korea Bizwire) – While more than half of South Koreans believe that relations with China have become strained or adversarial in recent times, an overwhelming majority still hopes the two countries can maintain friendly and cooperative ties going forward, according to the results of a poll released on April 18. The survey of [...]
HONGSEONG, Apr. 19 (Korea Bizwire) – Coastal areas in South Chungcheong Province are struggling with marine debris scattered along shorelines, according to a new distribution map released on April 18 by the Chungcheong Research Institute. The researchers surveyed 190 locations along the mainland coasts last year and graded the level of pollution from 0 to 9 [...]
SEOUL, Apr. 18 (Korea Bizwire) – An ironic factor contributing to around 40% of South Korea’s declining birthrate has been identified as younger women experiencing less employment discrimination than in the past, according to a new report. While gender-based disadvantages in hiring have decreased for young women, the probability of career interruption after childbirth has remained [...]
SEOUL, April 17 (Korea Bizwire) – While South Korea demonstrates robust human capital for artificial intelligence (AI) development, the country failed to produce any foundational AI models last year and is experiencing an outflow of talent to other nations, according to a new report from Stanford University’s Human-Centered Artificial Intelligence Institute (HAI). The “AI Index 2024″ [...]
SEOUL, Apr. 17 (Korea Bizwire) — Single-person households accounted for 33.6 percent of all households last year, up 3.2 percentage points from three years ago, with more people complaining of loneliness and difficulty dealing with emergencies or sickness alone, data showed Wednesday. Those who responded positively about living alone without marriage also jumped from 34 [...]
SEOUL, Apr. 15 (Korea Bizwire) — More than 7 in 10 South Koreans in their 20s and 30s profess a lack of confidence in the national pension system, citing concerns over population decline and the potential depletion of funds, according to a government study released on April 14. The Korean Women’s Development Institute surveyed 1,152 people [...]