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Gov’t to Release Information About Small Businesses

Gov’t to Release Information About Small Businesses

SEOUL, Dec. 9 (Korea Bizwire) — Amid growing market demand for the release of data about owner-operated businesses, the Financial Services Commission (FSC) decided to make public such data held by public financial institutions starting from Friday. Five public financial institutions, including the Industrial Bank of Korea and the Korea Development Bank, under the umbrella [...]

S. Korea to Invest Over 20 tln Won in Data, Network, AI Sectors

S. Korea to Invest Over 20 tln Won in Data, Network, AI Sectors

SEOUL, March 25 (Korea Bizwire) — South Korea plans to invest more than 20 trillion won (US$16.4 billion) in data, network and artificial intelligence (AI) sectors over the next three years in a bid to help nurture future-oriented industries, the finance minister said Friday. Along with fiscal spending, the government plans to provide support for [...]

Jeju Has Highest Ratio of Double Income Households in S. Korea: Data

Jeju Has Highest Ratio of Double Income Households in S. Korea: Data

SEJONG, June 28 (Korea Bizwire) — Jeju Island had the highest ratio of double income households last year among South Korea’s major cities and provinces, data showed Sunday. Among the island’s 158,000 households with married couples, the share of double income households stood at 60.4 percent or 96,000 households, the highest ratio among major regions [...]

Gov’t Developing National Standards for Food Ingredient Data

Gov’t Developing National Standards for Food Ingredient Data

SEOUL, March 19 (Korea Bizwire) — Food ingredient data will be developed and managed in the form of national standards, aimed at making it easier for such data to be used for the customized management of personal diet and the development of related services, a government technology standards agency said Thursday. The Korea Agency for [...]

Credit Card Companies Turn to Transaction Data for Financial Breakthrough

Credit Card Companies Turn to Transaction Data for Financial Breakthrough

SEOUL, March 17 (Korea Bizwire) — Credit card companies are looking for a financial breakthrough in the data industry as they continue to struggle from Buy Now, Pay Later (BNPL) services. The onslaught of the fintech companies is pushing credit card companies away from their profit centers, after they lost monopoly over the BNPL market [...]

Firefighting Helicopters to Transmit Real-time Video and Voice Data

Firefighting Helicopters to Transmit Real-time Video and Voice Data

SEOUL, Dec. 2 (Korea Bizwire) — The National Fire Agency said Tuesday it will set up an integrated information system that will enable real-time transmission of video and voice data between firefighting helicopters and the situation room at each regional headquarters by February of next year. While voice transmission between helicopters and the situation room [...]