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800,000 Jobs to be Lost by 2030 Due to Fourth Industrial Revolution: Study

SEOUL, March 8 (Korea Bizwire) – About 800,000 jobs are expected to be lost by 2030, in such areas as retail sales, driving, shipping and cleaning, due to technological advances driven by the fourth industrial revolution, a study showed Thursday. But the revolution is expected to create 920,000 more jobs in information and communication technology, engineering, healthcare, culture and arts, and other areas, the labor ministry study conducted jointly by state and civilian research institutes showed. The [...]

Predictive Healthcare on Gov’t Timeline

SEOUL, Feb. 8 (Korea Bizwire) – An ad hoc presidential healthcare subcommittee has announced a medical diagnostic and consulting system which can predict the onset of illness based on hospital records, prescription history, one’s individual genetic database and information on day-to-day habits and behaviors will begin development. This system is included in the subcommittee’s core [...]

“Anonymized” Data to Be Removed from Personal Information Protection

SEOUL, Feb. 7 (Korea Bizwire) — Personal data that has undergone “anonymization” — made anonymous to render the identification of the individual the data was generated from impossible — will no longer fall under the confines of the Personal Information Protection Act, for which the stated purpose is to “provide for the processing and protection [...]

Patent Applications for Portable Solar Chargers Soar as Public Embraces the Outdoors

SEOUL, Jan. 31 (Korea Bizwire) — Demand for outdoor equipment requiring portable power generators is on the rise thanks to the proliferation of mobile gadgets and a growing public interest in outdoor recreational activities. To meet this demand, a host of ideas have been lodged with the Korean Intellectual Property Office; on January 30, the [...]

Government Lays Out Tech Road Map for Next Three Years

SEOUL, Jan. 30 (Korea Bizwire) — The government has unveiled a comprehensive technology road map to prepare for the Fourth Industrial Revolution, including plans to upgrade smart factories by 2020. The Ministry of SMEs and Startups has released the ‘SMEs Technology Road Map 2018 – 2020′, in which 236 technology development projects in a total [...]

Precision Medicine and Innovation To Extend Healthy Life Expectancy by 2022

SEOUL, Dec. 1 (Korea Bizwire) – The government is aiming to increase South Korea’s healthy life expectancy from 73 to 76 by 2022 with the aid of technological innovations spearheaded by the emergence of precision medicine and expedited R&D efforts in pharmaceuticals. 1 In a document released on November 30 detailing the various measures necessary to [...]

China Catching Up to South Korean Industry Says Former ICT Minister

SEOUL, Nov. 24 (Korea Bizwire) – Apart from semiconductors, a large segment of Chinese industry has already caught up to South Korea according to Chairman Jin Sae-dae of Skylake Investment Co, who said at a “CEO Book Club” congress on November 23 that Chinese companies were progressing rapidly into new business sectors thanks to a [...]

Patents for Exosuits On the Rise

DAEJEON, Oct. 23 (Korea Bizwire) – The number of patent applications filed for powered exoskeletons, also known as exosuits, are increasing steadily in South Korea, as the economy shifts towards the so-called Fourth Industrial Revolution. Reports of an increasing number of patent applications for exosuits come with emphasis being placed on the field of robotics, one [...]

Report Shows Korean Doctors Will Benefit from Fourth Industrial Revolution

SEOUL, April 25 (Korea Bizwire) – It seems like doctors’ jobs are safe amidst the emergence of the fourth industrial revolution, the latest data from the Korea Employment Information Service indicates. According to the KEIS 2017 Korea Occupational Outlook published on Monday, most medical practitioners will benefit from Korea’s aging society and further government support [...]

South Korean Government Plans to Establish 30,000 Smart Factories by 2025

SEOUL, Apr. 21 (Korea Bizwire) — The South Korean government is poised to bring the number of smart factories in the country up to 30,000 by 2015, with plans to train 40,000 skilled workers in preparation for the ever-expanding fourth industrial revolution. Speaking to small and medium size business owners during a meeting at the [...]