Average age of S. Korean workers predicted to reach 53.7 by 2050: report

SEOUL -- Recent data released by South Korea's major business organization predicted that the average age of employees in the country would become 53.7 by 2050 due to population aging and a low fertility rate. According to the report, the average age of workers in the member countries of the Organization for Economic Cooperation and Development would be 43.8 in 2050. South Korea is experiencing a significant aging phenomenon, with about 30 percent of its population expected to

July 21, 2023

S. Korea to host special exhibition to promote smart city construction project in Saudi Arabia

SEOUL -- In a bit to promote a mega smart city construction project in Saudi Arabia, South Korea's transport ministry will host an exhibition at the Dongdaemun Digital Plaza (DDP), a design and arts center located in the heart of Seoul. Many South Korean companies showed their sincere interest in building NEOM, a smart city powered by renewable energy on the coast of the Red Sea. A smart city is a city platform that interconnects city infrastructure including facilities and devices

July 20, 2023

S. Korea to establish five base hospitals for childhood cancer treatment

SEOUL -- South Korea will establish five base hospitals in five provinces to help young patients suffering from childhood cancer receive treatment without having to visit large hospitals in Seoul. Childhood cancer including leukemia requires patients to receive intensive treatment for one or two years. Most of South Korea's hospitals that specialize in childhood cancer are concentrated in Seoul and its satellite cities, making it hard for children living in other provinces to con

July 20, 2023

Avikus to provide self-sailing solution for water taxis in southern port city

SEOUL -- Avikus, a South Korean self-sailing solution developer affiliated with HD Hyundai, partnered with Korea Composite, a domestic marine leisure product manufacturer, to develop autonomous water taxis. Starting in 2025, Korea Composite will operate a total of four self-sailing taxis in South Korea's southern port city of Busan. In February 2023, HD Hyundai unveiled its plan to commercialize Avikus' autonomous boat solution called "NeuBoat" in the second half

July 20, 2023

Online fashion platform Musinsa attracts $157.8 mln through Series C funding led by KKR

SEOUL -- Musinsa, a popular South Korean online fashion platform, has attracted more than 200 billion won ($157.8 million) through Series C round funding led by American investment company Kohlberg Kravis Roberts & Co. with participation from Wellington Management, an American private independent investment management firm. Musinsa made a foray into South Korea's fashion industry in 2003 as a small online fashion community. The startup company opened an online shopping mall i

July 20, 2023

NewJeans' Super Shy ranks 66th on Billboard's top 100 popular song chart

SEOUL -- "Super Shy," a summer-themed song by K-pop super rookie band NewJeans, ranked 66th on Billboard's top 100 popular song chart. Super Shy became the girl band's third song that entered the Billboard chart after OMG and Ditto. Billboard's chart released on July 18 showed that the new summer-themed song, rolled out on July 7, debuted at No. 66 on Hot100, a weekly song chart that ranks the top 100 popular songs. As of July 20, the music video for Super Shy

July 20, 2023

S. Korea to inject $22.7 mln for establishment of 'digitally-collaborative' factories

SEOUL -- As part of the country's big push towards the acceleration of the digital transformation of industries, South Korea will inject 28.8 billion won ($22.7 million) to build six "digitally-collaborative" factories in manufacturing sectors such as shipbuilding, carmaking, and machinery by 2025. The smart factories will connect a factory to various bodies including their clients and management to set up a two-way communication system that will optimize the operation and re

July 20, 2023

BTS member V appointed as ambassador for global luxury jewelry brand Cartier

SEOUL -- V, a member of BTS, was selected as the ambassador for Cartier, a France-based high-end luxury goods brand known for premium jewelry and watches. The 27-year-old is gaining immense attention for his Instagram photos showing himself wearing the global brand's ring and necklace. "V is a dancer, musician & art lover who has a solid personality & sense of making choices driven by his own creativity, and with only his own style & elegance," Cartier's v

July 20, 2023

Researchers develop pilot robot for aircraft

SEOUL -- A South Korean technology institute has developed a robot pilot that can understand flight manuals written in English and control switches and other devices inside a cockpit. Using artificial intelligence technology, the humanoid robot finds safe flight routes in real time. The institute aims to commercialize the solution in 2026 and provide it to the private and military sectors. Unlike regular unmanned aircraft created by attaching automatic flight control devices to manned

July 19, 2023

[OPINION] House Speaker McCarthy's Big Win on Debt

KENOSHA -- The agreement at the end of May by Speaker of the U.S. House of Representatives Kevin McCarthy (R-CA) and President Joe Biden to raise the ceiling on the national debt

July 19, 2023