Line, a popular messenger and social media platform in Japan used by around 70 percent of the population, has emerged as the next potential challenge for the fragile relationship between Seoul and Tokyo. Run by Line Yahoo, Line is jointly owned by the South Korean tech company Naver and the Japanese company SoftBank, each holding…
May 17, 2024
South Korea stands out for its investments in innovation, notably high enrollment rates in tertiary education and large investments in research and development (R&D) and patents. Nevertheless, labor productivity (output per worker) in South Korea was 23 percent below the average among OECD countries in 2021. Strengthening the innovation ecosystem and boosting the return on…
May 9, 2024
Innovation has played a vital role in Korea’s rapid economic development. Initially led by the introduction of new technology from abroad, Korea has achieved sustained progress toward the global innovation frontier. Korea’s innovation inputs in terms of human capital and research spending are among the highest in the world. It also has the highest share…
April 24, 2024
The world is in a technology revolution surrounding artificial intelligence (AI). Companies are competing to scoop up the best AI talent, and each is looking to be the first to shore up partnerships with the top firms. Among others, Meta with Dell to cooperate on Llama 2; Apple with Google to incorporate their Gemini AI;…
April 22, 2024
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