SEOUL, Nov. 7 (Korea Bizwire) – More than 40 percent of South Korea’s science and engineering professionals are considering or preparing to move overseas due mainly to financial and research environment reasons, a survey by the central bank showed Friday. According to a Bank of Korea (BOK) survey of 1,916 master’s and doctoral degree holders [...]
SEOUL, June 18 (Korea Bizwire) — South Korea is experiencing a widening deficit in high-skilled labor as more top-tier professionals, particularly in fields like artificial intelligence, continue to leave the country, prompting renewed calls for structural reforms to retain and attract global talent. In a report released Tuesday, the Korea Chamber of Commerce and Industry’s [...]
SEOUL, April 17, (Korea Bizwire) — As artificial intelligence continues to transform societies, a new report reveals that AI-related negative incidents—ranging from deepfake pornography to suicide-linked chatbots—surged to a record high last year. Meanwhile, South Korea saw a decline in its global AI investment ranking, even as the number of domestically funded AI startups increased. [...]
SEOUL, May 26 (Korea Bizwire) – South Korea saw an unprecedented number of senior military officers with more than five years of experience leave the armed forces last year, raising concerns about a potential erosion of combat readiness, according to government data. A total of 9,481 commissioned and non-commissioned officers resigned in 2023, a 24.1% increase [...]
SEOUL, Sept. 17 (Korea Bizwire) — Global competition for electric vehicle (EV) batteries has countries and companies battling to attract top talent. In particular, concerns over technology leaks are growing as battery manufacturers in China, Europe and other countries have been attempting to woo Korean workers. Companies are offering high salaries targeting skilled Korean talent. [...]
SEJONG, Nov. 26 (Korea Bizwire) – A serious outflow of talented people from South Korea is hurting the country’s global competitiveness, a report by a business school in Switzerland showed Thursday. The World Talent Report 2015 by the Institute for Management Development (IMD) showed Asia’s fourth-largest economy ranking 18th among 61 countries checked in terms [...]