Business News
Reporting, analysis, and commentary on business from Breeze in Busan.
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Korea Leads the Way in High-Tech Development with New Knowledge Industry Centers
A New Era of Innovation in South Korea South Korea has long been known for its cutting-edge technology and innovative solutions, and now the country is taking a big leap forward with the creation of new knowledge industry centers (KICs). These KICs aim to transform traditional industrial areas into high-tech hubs, driving the country's economy and creating new opportunities for businesses and workers alike. With the development of these KICs, South Korea is positioning itself as a leader in the
2 min read
Daewoo E&C and DS Networks selected as the preferred bidders for the land near the Busan Gwangandaegyo Bridge.
Busan City Gas Co. Ltd. has decided to sell its headquarters building and the land plot of Mega Mart in Namcheon-dong, Nam-gu. The land for sale includes the Mega Mart Namcheon branch (21,889m2), Busan City Gas headquarters (6612m2), Outback (1085m2), and VIPS (1010m2). Busan City Gas. Co. Ltd. owns just the land; the building is held by its lessees. Because the tenant's land leasing contract was renewed in July, the eviction procedure is expected to take two to three years to complete. Busan
1 min read
What must we do to prevent algorithmic bias?
The availability of large data sets has made it simple to gain new insights using computers. As a result, algorithms have become more sophisticated and pervasive tools for automated decision-making. An algorithm is a set of step-by-step instructions that computers follow to perform a task. The benefits of artificial intelligence appear obvious in that human decision-makers are far from perfect, and algorithms hold great promise for improving decision-quality. Algorithms are harnessing massive
7 min read
Korea's aging and population decline may have socioeconomic and environmental benefits.
In many countries, the media frequently portrays stable and declining populations due to demographic aging as a problem or crisis. Smaller populations make for more sustainable societies. Some environmental scientists argue that societies should embrace population aging and decrease, citing numerous reports on the socioeconomic and environmental benefits of population aging, mortality-related decrease, and shrinking workforces due to retirement, and arguing that, contrary to some economic ana
5 min read