Lee Ho-joon

3 weeks ago | pulse.mk.co.kr | Lee Ho-joon |Han Yubin

South Korea is seeing a sharp rise in restaurants where owners work alone without any employees or even part-timers amid the weak economy, data showed. According to Statistics Korea on Tuesday, the so-called one-person restaurants, where the business is run solely by the owner or with unpaid family help, now make up more than half of all restaurants in the country. In 2017, there were 485,737 restaurants nationwide, which increased to 562,051 in 2020. The figure then decreased to 551,657 in 2023.

2 months ago | pulse.mk.co.kr | Han Chang-ho |Jeong Ho-jun |Lee Ho-joon |Han Yubin

South Korean companies are rushing to integrate artificial intelligence (AI) technology into their operations and products. It is also being leveraged for new product development, diversifying its applications at a fast pace. Hyundai Motor Group is making a major push in AI-driven autonomous driving technology. In January, the auto giant partnered with Nvidia Corp. to use the company’s AI simulation platform, allowing self-driving cars to operate in a virtual environment.