SEOUL, Sept. 13 (Korea Bizwire) – A recent study has revealed that 27 non-owning executives of South Korean companies with market capitalizations exceeding 2 trillion won hold stock wealth valued at over 10 billion won each, highlighting a growing trend of wealth accumulation among professional managers in the country’s booming tech sector. The Korea CXO Institute, [...]
SEOUL, Sept. 6 (Korea Bizwire) – In a bid to address the chronic shortage of software talent in its burgeoning tech industry, South Korea has launched an initiative to recruit skilled developers from India. The Ministry of SMEs and Startups announced on September 5 that 103 Indian software developers have been hired by South Korean venture [...]
SEOUL, Jan. 18 (Korea Bizwire) — The National Pension Service (NPS), a significant player in the domestic capital market, has been found to have invested most heavily in the IT and electronics sectors over the past year. While the number of companies where the NPS owns more than 5% of shares has decreased, there has been an [...]
SEOUL, Feb. 27 (Korea Bizwire) — Kakao Corp.’s recent decision to stop recruiting experienced developers is a reflection of the frozen IT industry amid the slumping economy. The South Korean tech giant’s spending on wages surged from 911.9 billion won (US$691 million) in 2020 to 1.68 trillion won last year. Due to the increased cost [...]
SEOUL, April 20 (Korea Bizwire) — More businesses in the IT and startup industry are opting to check consumer demand first before manufacturing products and services as the number of active consumers is on the increase. This way, businesses can effectively reduce the risk of failure and minimize opportunity costs. Class 101, an online education [...]
SEOUL, Nov. 5 (Korea Bizwire) — Everland, the amusement park operating unit of Samsung C&T Corp., is incorporating cutting-edge information technology to amusement facilities and customer service to provide smart access to visitors. Samsung C&T announced on Sunday the launch of the Samsung Galaxy Friends program for Everland in collaboration with Samsung Electronics. The program [...]
SEOUL, Oct. 31 (Korea Bizwire) — South Korea’s oceans ministry on Wednesday unveiled the latest technologies that can be used to manage fish farms effectively. A demonstration of a new system was held at a mullet fish farm in the southern county of Hadong, South Gyeongsang Province, earlier in the day. The system, which adopts [...]
SEOUL, Oct. 11 (Korea Bizwire) — South Korea’s top portal operator, Naver Corp., on Thursday announced a business blueprint that moves beyond its existing online and network business and focuses on technology that is linked to the living environment. “The key technological strategy that Naver is pushing is living environment intelligence,” Song Chang-hyun, the company [...]
AUSTIN, Texas, Jul. 17 (Korea Bizwire) — SolarWinds, a leading provider of powerful and affordable IT management software, today announced SolarWinds® Log Manager for Orion®, a new, powerful log management tool for on-premises IT environments. Fully integrated with the SolarWinds Orion Platform, Log Manager is designed to provide the essential components an IT operations team [...]
SEOUL, Jul. 3 (Korea Bizwire) — With the official shortened work week entering effect yesterday, those in the IT industry are struggling to keep up with the changes that came with the new policy. On the intranet of the nation’s largest portal website, Naver, a new button that allows employees to clock in and out [...]