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Business

Reporting and analysis on business, corporate strategy, investment, startups, regulation, and market developments in Korea and beyond.

BiB mark

Reporting and analysis from Breeze in Busan

Desk Focus

This desk tracks companies, industry, corporate strategy, and regulation, with an emphasis on how business developments reshape Busan and Korea.

Daewoo E&C and DS Networks selected as the preferred bidders for the land near the Busan Gwangandaegyo Bridge.
BusinessNov 15, 2022

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

What must we do to prevent algorithmic bias?
BusinessOct 18, 2022

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

Korea's aging and population decline may have socioeconomic and environmental benefits.
BusinessOct 6, 2022

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

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