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7 in 10 South Korean Companies Not Ready for 4th Industrial Revolution

7 in 10 South Korean Companies Not Ready for 4th Industrial Revolution

SEOUL, May 17 (Korea Bizwire) – Nearly seven in ten companies in South Korea are not prepared for the fourth industrial revolution, which is reshaping many economies and industries with a range of new technologies, a new report revealed. According to the report released yesterday by the Hyundai Research Institute on the perception of the fourth [...]

S. Koreans Think 67.2 is Appropriate Age to be Considered Old: Poll

S. Koreans Think 67.2 is Appropriate Age to be Considered Old: Poll

SEOUL, Apr. 26 (Korea Bizwire) — The age at which South Koreans think a person can be considered old has been pushed back to reflect the general aging of the population, a new poll showed Tuesday. The survey released by Hyundai Research Institute (HRI), a private think tank, showed respondents believed 67.2 should be viewed [...]

Fake News Could Cost South Korea 30 Trillion Won Every Year, Analysts Say

Fake News Could Cost South Korea 30 Trillion Won Every Year, Analysts Say

SEOUL, March 20 (Korea Bizwire) – The negative economic impact of fake news on the South Korean economy and society is costing the country an annual loss of a whopping 30 billion won, analysts from the Hyundai Research Institute (HRI) have found. A report on fake news and its economic damage from the HRI released yesterday [...]

Evolving Fintech Companies Expand Horizons

Evolving Fintech Companies Expand Horizons

SEOUL, April 5 (Korea Bizwire) – While financial services companies exploring fintech systems were previously concentrated on payment settlement, they are now setting out in new fields, expanding their offerings to financial software or data analysis services. According to “The Rise of Fintech and Changes in the Financial Industry”, a report issued by the Hyundai [...]