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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…
A Comprehensive Guide to 5G in South Korea
While China is considered King when it comes to 5G technology, then South Korea is the prince. South Korean telecommunication companies have made 5G services available to consumers in April 2019. The Korean government has offered tax breaks and government investments totaling $27 billion by 2022.…
Viroute – Natural Raw Material Sourcing Platform
As the world becomes increasingly connected, consumers are becoming more aware of the environmental and social impact of the products they purchase. In response, many brands and companies are beginning to focus on sourcing their raw materials from sustainable and ethical sources. Viroute, a natural…
ALI Develops AI Secretary AskMe and Chatbot TikiTaka
As businesses and organizations increasingly rely on technology to streamline their operations, the need for virtual assistants powered by artificial intelligence (AI) is also rising. What sets AI-powered virtual assistants apart is their ability to learn and adapt over time, making them more…
KIOT Offering AI Safety Solutions for Smart Cities
A smart city uses technology to improve the quality of life of its citizens. This can include everything from reducing crime and traffic congestion to increasing the efficiency of city services. In recent years, there has been a growing interest in South Korea regarding smart cities, as they offer…
