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Will Bank of Korea Launch Digital Currencies in Korea?
The Bank of Joseon introduced currency notes in Korea back in 1946. 4 years later, a new central bank called the Bank of Korea replaced the Bank of Joseon. Now they play a major role in maintaining price stability in South Korea. However, recently with the rise of Bitcoin and other…
Why is the Youth Unemployment Rate in Korea so High?
The youth unemployment rate in South Korea currently stands at 10%. South Korea overall lost over 1 million jobs from the same time last year. The majority of job loss was in the service sector which has been hit especially hard during the coronavirus pandemic. Retail jobs, hotel jobs, and…
AI and IoT Impacting the Consumer Shopping Experience in Korea
As the world adjusts to shopping online since COVID-19, South Koreans are already used to it. South Korea already ranked inside the top 3 for online shopping even before COVID-19. Now, South Korea ranks second behind China in terms of online consumption. It is estimated that a little over 50% of…
Korean Robotics Startups Developing Robotics Solutions
Robotics is one of the top trending technologies in South Korea for several reasons. Firstly, robotics offers a versatile technology solution that can be adapted to solve various problems. Secondly, robotics is becoming increasingly affordable and accessible as the cost of hardware and software…
10 Best 3D Rendering Companies and Agencies Around the World
3D product rendering is the latest trend for luxury brands. There are many 3D rendering companies that specialize in 3D visualization. They are in high demand because clients these days want to see ideas in a complete picture. The 3D rendering and visualization process is getting more and more…
Top Korean Medical Startups Incorporating AI Technologies
The coronavirus has brought a lot of attention to the Medical industry in South Korea. South Korea has been praised not only for its fast response but also for its innovative technologies in regard to testing for the coronavirus. The use of AI in the healthcare industry in South Korea exploded in…
