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Energy
Growing controversy over call to share profits for using wind energy
Renewable energy companies in South Korea are facing growing pressure to share their profits from wind or solar energy electricity generation, stirr...
Apr 16, 2024 (Gmt+09:00)
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Corporate strategy
SK Innovation reshuffles units to raise value
SK Innovation Co., South Korea’s top energy company, is reorganizing its subsidiaries to boost their individual values through independent man...
Apr 11, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung Galaxy AI expands to 16 languages
Samsung Electronics Co. announced on Thursday that it is expanding the translation and communication language support of Galaxy AI, first introduced...
Apr 11, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s LG telecom unit unveils AI agent with own technology
LG Uplus Corp., South Korea’s No. 3 mobile carrier, has introduced an artificial intelligence agent platform based on its own ixi AI technolog...
Apr 08, 2024 (Gmt+09:00)
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Corporate governance
JB investors urged to oppose Align's call for board overhaul
Global proxy advisors International Shareholder Services Inc. (ISS) and Glass Lewis & Co. have expressed their opinion that there is no need for...
Mar 25, 2024 (Gmt+09:00)
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Private equity
Tmax Group to draw more than $572 mn to buy back Tmaxsoft
South Korea's leading software company Tmax Group is set to draw at least 750 billion won ($572.3 million) and a maximum of 1 trillion won from Seou...
Mar 12, 2024 (Gmt+09:00)
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Artificial intelligence
LG Uplus unveils AI Callbot at Cuckoo call center
South Korea’s LG Uplus Corp. announced on Tuesday that it will introduce the smart customer support solution artificial intelligence (AI) Call...
Mar 12, 2024 (Gmt+09:00)
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Corporate investment
Warren Buffett’s IMC to invest $98 million in Daegu for chip materials plant
DAEGU – The IMC Group, owned by Warrant Buffett’s Berkshire Hathaway Inc., will invest 130 billion won ($98 million) to build a semicond...
Feb 07, 2024 (Gmt+09:00)
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Business & Politics
Govenment calls end to Korean financial group heads' long-serving posts
South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improv...
Jan 29, 2024 (Gmt+09:00)
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North Korea
North Korea’s missiles tested on the battlefields of Ukraine
SEOUL—One of the world’s biggest illicit-arms suppliers just got a major advertisement.In recent weeks, Russian forces have fired...
Jan 23, 2024 (Gmt+09:00)
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Electronics
Samsung Galaxy S24 heralds dawning of AI smartphone era
SAN JOSE, Calif. – Samsung Electronics Co. on Wednesday unveiled its latest flagship smartphone Galaxy S24 series, which it calls an “AI...
Jan 18, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
SK Telecom considers adding LLM to iPhone recording app
LAS VEGAS -- SK Telecom Co. is considering adding a large language model (LLM) to its iPhone call-recording app for the first time in the industry, ...
Jan 12, 2024 (Gmt+09:00)
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Airlines
Virtual humans debut on Korean Air’s in-flight video
Korean Air Lines Co. released on Thursday a new in-flight safety video featuring a virtual human dressed as a flight attendant. This is the first ti...
Jan 04, 2024 (Gmt+09:00)
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Business & Politics
South Korea set to abolish financial investment gains tax: Yoon
South Korea plans to abolish capital gains taxes on financial investments to revitalize the lackluster domestic financial market and help individual...
Jan 02, 2024 (Gmt+09:00)
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Tech, Media & Telecom
KT opens Foreigner Center for non-English speakers
South Korea’s KT Corp. announced on Tuesday that it opened the KT Foreigner Center for non-English speakers in Won-gok-dong, Ansan, Gyeonggi...
Dec 26, 2023 (Gmt+09:00)
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Automobiles
Hyundai to sell Russian car plants at about $100 for exit
Hyundai Motor Co., South Korea’s top carmaker, has decided to sell its plants in Russia for only about $100 to a local company although it has...
Dec 19, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai's Kona included on French EV subsidy eligibility list
Hyundai Motor Co.'s sports utility vehicle Kona is the only Korean EV included on a list of 78 electric vehicle models eligible for French subsidies...
Dec 15, 2023 (Gmt+09:00)
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Artificial intelligence
SK Telecom launches AI-based phone interpreting service
South Korea’s top mobile carrier SK Telecom Co. has launched an artificial intelligence-based telephone interpreting service in real-time for ...
Dec 14, 2023 (Gmt+09:00)
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Executive reshuffles
SK Chair Chey calls on cousin for help in group management
SK Group Chairman Chey Tae-won has called on his cousin to help in the management of South Korea’s No. 2 conglomerate as it faces the challeng...
Dec 05, 2023 (Gmt+09:00)
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Korean food, retail firms cut jobs as spending drops
South Korea’s food, cosmetics and retail companies, heavily reliant on domestic sales, are slimming down their workforce to survive a prolonge...
Dec 04, 2023 (Gmt+09:00)
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Central bank
BOK chief says rates need to stay high for over 6 months
South Korea’s central bank chief on Thursday said interest rates will have to stay high for more than six months, leaving the door open for an...
Nov 30, 2023 (Gmt+09:00)
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Corporate strategy
Shinsegae head calls for drastic systems-centered reform
Shinsegae Group Vice Chairman Chung Yong-jin has urged the South Korean retail giant to make drastic systems-centered reforms to ensure stable and s...
Nov 23, 2023 (Gmt+09:00)
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Regulations
South Korea vulnerable to tech spies undeterred by soft penalties
When a former Samsung Electronics Co. executive was arrested on industrial espionage charges by South Korea’s National Intelligence Service (N...
Nov 14, 2023 (Gmt+09:00)
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Artificial intelligence
Samsung to feature AI-based real time translation in Galaxy
Samsung Electronics Co. announced on Thursday it plans to feature AI-based translation in its upcoming Galaxy AI smartphone. AI Live Translate Call ...
Nov 09, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom launches call recording service for iPhone
South Korea’s SK Telecom Co. has rolled out an iPhone app using artificial intelligence (AI) that allows users to record calls on their smartp...
Oct 24, 2023 (Gmt+09:00)
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Corporate strategy
Hanwha Group chair calls for startup-like entrepreneurial spirit
South Korea’s Hanwha Group Chairman Kim Seung-youn on Monday urged the defense-to-financial conglomerate to revive the bold innovations of its...
Oct 10, 2023 (Gmt+09:00)
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Research & Development
S.Korea’s corporate R&D spending lags global rivals
Major South Korean companies’ spending on research and development lags investments made by their global competitors due to lower government t...
Oct 05, 2023 (Gmt+09:00)
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Batteries
SK On named to Fortune’s Change the World list
South Korea’s electric vehicle (EV) battery maker SK On is among innovative companies that have changed the world according to Fortune, a le...
Oct 04, 2023 (Gmt+09:00)
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Artificial intelligence
Upstage to create interactive chatbot for virtual idols
South Korea’s artificial intelligence (AI) startup Upstage announced on Thursday that it has signed a memorandum of understanding (MOU) with M...
Sep 21, 2023 (Gmt+09:00)
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Retail
Homeplus enters Mongolian market with PB products
South Korean big-box retailer Homeplus has entered the Mongolian market for the first time, signing a strategic partnership with the country's ret...
Sep 11, 2023 (Gmt+09:00)
Latest News
- 1 Korean financial firms launch global IR blitz to woo foreign capital
- 2 KIC bets on Asian real estate; eyes residential, data centers
- 3 NPS boosts allocations to direct lending, secondaries
- 4 Bill Clinton in Seoul to meet with MBK Chairman ByungJu Kim, business leaders
- 5 Samsung gears up for foray into space infrastructure industry