SKT launches AI-based reading service for pet X-rays in Japan SK telecom is venturing into the international market by supplying its artificial intelligence (AI) solution “X Caliber” for analyzing pet X-rays to Japanese animal hospitals. The Korean wireless net..

MS CEO warns of Google’s potential AI monopoly after online search Microsoft CEO Satya Nadella on Monday expressed concerns that Google could extend its dominance into the field of artificial intelligence (AI) should its online search monopoly continue. Nadella, who..

Korea’s SK on tops Fortune’s 2023 Change the World list South Korean electric vehicle (EV) battery manufacturer SK on Co. has earned the top spot on Fortune’s 2023 “Change the World” list for its contribution to advancing the adoption of EVs in the United ..

Samsung kicks off discount event for large, high-end TVs Samsung Electronics announced on Tuesday that it will be conducting the “Samsung TV Super Big Festival” nationwide in both online and offline stores until the end of next month. The event offers the ..

Korean gov’t to introduce price adjustment system to ease SME burden The South Korean government plans to introduce a price adjustment system that allows small and medium-sized enterprises (SMEs) to reflect increases in raw material prices in the purchase payments of l..

LG to build semi-solid-state battery production line at Ochang plant LG Energy Solution Ltd. (LGES), a pure-play vehicle battery maker under South Korea’s LG Group, will build a production base for semi-solid-state batteries at its Ochang Energy Plant in Cheongju, Nort..

Samsung Engineering grabs $19.5 mn FEED project in Saudi Arabia South Korea’s Samsung Engineering said Wednesday that it has secured a $19.5 million contract for front end engineering design (FEED) of a petrochemical plant in Saudi Arabia. FEED is basic engineeri..

Lotte Group’s chemical units hold recruitment fairs in U.S. Lotte Chemical Corp. and Lotte Fine Chemical Co., the chemical units of South Korea’s Lotte Group, held recruitment fairs and networking events at major universities in the United States in an effort ..

LG Household to acquire cosmetics brand to boost presence in Japan South Korean cosmetics manufacturer LG Household & Health Care Co. will acquire hince, a Korean color make-up brand popular in Japan, in a move to bolster its performance in the neighboring country. ..

SKC to invest in U.S. smart window technology firm Halio South Korea’s SKC is expanding its energy-saving solutions business by investing in U.S.-based smart window technology company, Halio. SKC’s board of directors convened on Tuesday to approve an invest..

Ford’s suspension of JV plant with CATL may benefit Korean battery makers American automotive giant Ford Motor has temporarily suspended plans to build a joint battery factory with China’s Contemporary Amperex Technology Co. Limited (CATL), which could benefit South Korean ..

Samsung develops industry’s first LPCAMM Samsung Electronics has unveiled the industry’s first Low Power Compression Attached Memory Module (LPCAMM), in a significant breakthrough in the DRAM market for PCs, laptops, and potentially data cen..

Korean traditional markets gain vitality with Coupang Eats Many traditional markets in South Korea are gaining new life thanks to Coupang Inc.’s delivery app service. According to the Small Enterprise and Market Service, the number of traditional markets in ..

POSCO International partners with Bartlett to enter U.S. grain market POSCO International, the trading arm of South Korea’s leading steelmaker, has made its mark in the world’s largest grain market by entering into a significant joint investment agreement with Bartlett ..

LG Chem hits new 52-week low after lowered target Shares of South Korea’s LG Chem Ltd. lost ground Tuesday after the stock market raised concerns about the company’s financial burden. Shares of LG Chem was trading 1.38 percent lower at 502,000 won (..

LS Cable, LS Marine to install submarine cables for Korean wind farm LS Cable & System and LS Marine Solution will provide submarine cables for South Korea’s largest offshore wind farm, in a synergetic collaboration within the renewable energy sector. The contract, val..

SKC to build global hub for biodegradable plastics in Vietnam South Korea’s SKC has decided to establish a global production hub for eco-friendly biodegradable materials in Hai Phong, Vietnam, marking a significant step in its environmental initiatives. SKC ann..

Frequent CEO changes make it difficult to invest: outgoing KB Financial chief Companies should develop their unique governance structure and advance it, taking into consideration the situations faced by them, industry characteristics, cultural differences, and more, the outgoin..

Naver online news portal under scrutiny for alleged media bias South Korean platform giant Naver Corp.’s online news portal service is under scrutiny for its alleged bias towards certain media outlets. According to the Korea Communications Commission (KCC) on Mo..

Korea eases hiring requirements for chemical experts Small- and mid-size enterprises (SMEs) in South Korea that have been struggling to secure chemical professionals will be able to hire talents more easily starting next month under a revised bill that ..

KAIST president raises concern about Korean government’s R&D budget cut The South Korean government’s recent slash in research and development (R&D) budget raises a concern as it may give a wrong signal to students amid a rush to medical schools, according to Kwang H..

New AI services dominate Korea’s education technology industry South Korean information technology (IT) companies are integrating artificial intelligence (AI) into the field of education technology by offering academic platforms and tools, leading to the expansio..

HanAll Biopharma shares surge after positive clinical data from U.S. partner HanAll Biopharma saw a sharp increase in its stock price to its daily limit following the release of interim phase 1 clinical trial data from its global partner, Immunovant, on Wednesday. Starting fr..

Kakao’s first self-owned data center features strong disaster response Kakao Corp. has completed construction of its inaugural self-owned data center and is preparing for its full-scale operation in South Korea. Kakao announced on Tuesday that it held a dedication cerem..

SK telecom to offer communication-focused AI services South Korea’s top mobile carrier SK telecom Co. plans to introduce a large language model (LLM)-based artificial intelligence (AI) service that specializes in communication as it strives to become a d..

SK C&C builds generative AI system for daily work at Woori Bank SK C&C is bringing generative artificial intelligence (AI) to Woori Bank to assetize various unstructured data scattered within the bank while building a knowledge counseling system that employees can..

Possible link between neural circuit and impaired social skills in autism A South Korean team of researchers recently discovered a specific brain neural circuit that could be associated with the lack of social skills prevalent in those with autism. The findings were unveil..

Diabetes medicine Tirzepatide outperforms Semaglutide A recent study suggests that Tirzepatide, a medication for Type 2 diabetes, outperforms its counterpart Semaglutide in controlling blood sugar level and weight loss, EurekAlert, the science news site ..

Korean researchers develop solid-state battery with high ion conductivity A South Korean research team has achieved a significant breakthrough by developing a solid-state battery with both high ion conductivity and flexibility, making it suitable for use in electric vehicle..

Korea announces principles for digital standards South Korea has announced a set of basic principles and guidelines laying down digital standards as a proactive measure to take a leading role in the digital age. This “digital rights charter,” relea..

U.S. sees Korea as key partner in boosting AI regulation governance The United States has designated South Korea as a key partner in strengthening cooperation for artificial intelligence (AI) regulation governance, according to U.S. officials. Anne Neuberger, deputy ..

Ministry of Unification to introduce North Korean metaverse tours South Korea’s Ministry of Unification said on Friday that the National Institute for Unification Education, its unification education body, will unveil a metaverse platform that is inspired by the mem..

Kyochon Chicken pilots autonomous robot delivery to Konkuk University Kyochon F&B Co., the operator of South Korean fried-chicken chain Kyochon Chicken, announced Friday that it will conduct a robot delivery pilot service in collaboration with Neubility, a local autonom..

Multimodal AI race intensifies with OpenAI’s latest image generator OpenAI, the developer of ChatGPT, unveiled Wednesday DALL-E 3, the latest version of its artificial intelligence (AI) model specializing in generating images from textual descriptions, intensifying a ..

Com2uS unit to slash labor force as metaverse market falters Com2Verse, a metaverse platform under Com2uS Corp., has embarked on a massive downsizing to reduce labor costs just one month after the release of its new metaverse services. As reported by multiple ..

Gyeongnam RobotLand Foundation, KNBIA team up to support robot startups Gyeongnam RobotLand Foundation revealed on Friday it recently signed a cooperation agreement with KNBIA, a business incubation association for the Gyeongnam region, to foster and support robotics comp..

Apps providing financial incentives for good habits gain popularity Platforms and applications that offer financial rewards for cultivating good habits, from health routines to learning, are gaining popularity amid the growing trend of cost reduction and saving money ..

Naver, Kakao expand commerce ecosystem to improve profitability South Korean platform giants Naver Corp. and Kakao Corp. are expanding their commerce advertising ecosystems within their key services as they go all out to improve profitability amid the stagnant adv..

SK pharmteco becomes CBM’s largest shareholder SK pharmteco, a subsidiary of the SK Group specializing in contract development and manufacturing organizations (CDMOs) for pharmaceuticals, has secured management control of the Center for Breakthrou..

LG CNS partners with IGIS Asset to explore AI and cloud-based potential LG CNS Co. said on Wednesday that it has recently signed a memorandum of understanding with IGIS Asset Management Co. for its drive for new projects in artificial intelligence (AI) and cloud solutions..

Korean M&A market contracts 80% in 2 years The South Korean mergers and acquisitions (M&A) market has shrunk to a fifth of its previous size over the past two years as interest rate uncertainty and a prolonged recession keep large companies fr..

Hahn & Co. concludes SsangYong Remicon deal South Korean private equity firm Hahn & Co. has completed the sale of SsangYong Remicon Co., a subsidiary of portfolio company SsangYong C&E Co., formerly SsangYong Cement Industrial, successfully rec..

Ad spending to increase in October: KOBACO Advertising spending in South Korea is expected to edge up in October, led by the construction, energy, and household supplies sectors. The Korea Broadcasting Advertising Corp. (KOBACO) said on Wedne..

Korean won at 10-month low against U.S. dollar amid Fed’s hawkish stance The South Korean won has fallen to its lowest level in 10 months against the U.S. dollar as the greenback continues to gain amid the U.S. Federal Reserve’s hawkish monetary stance. The Korean won clo..

CJ CGV stock hits record low as court disapproves of third-party rights offering Shares of CJ CGV Co., the cinema chain of South Korean conglomerate CJ Corp., hit a new low on Tuesday after the court put the brakes on its plan for a rights offering to a third party. Shares of CJ ..

Korea’s cosmetics stocks gain ground on expectations for China’s tour demand South Korea’s cosmetics stocks are gaining momentum amid growing expectations for an influx of Chinese group tourists ahead of China’s week-long National Day holiday that begins later this month. Sha..

Inswave Systems makes strong Kosdaq debut South Korean information technology service provider Inswave Systems Co. made a strong debut on the Kosdaq market on Monday, the first day of its listing. Inswave Systems’ stocks were initially sold ..

D&K Chem Tech to launch PF boards in insulation market South Korean chemical manufacturer Kumho P&B Chemicals, Inc. announced Monday that D&K Chem Tech Co., a joint venture it established with Dongsung Chemical Co., is entering the insulation market. D&K..

Energy-linked ETFs perform strong in Korea on rising oil prices South Korea’s exchange-traded fund (ETF) market has witnessed significant gains in products investing in energy-related assets such as oil futures and nuclear power in the third quarter as energy pric..

KIC to invest $150 mn in Apollo Global Management South Korea’s sovereign wealth fund, Korea Investment Corporation (KIC), is set to invest 200 billion won ($150 million) in Apollo Global Management, the world’s second-largest private equity firm (PE..

Shinpoong Pharm shares drop on regulator probe Shinpoong Pharmaceutical shares fell Friday morning as the Financial Services Commission (FSC) has launched an investigation into allegations that employees had traded shares using undisclosed informa..

Doosan Robotics IPO draws $2.6 bn in retail deposits on first day Doosan Robotics Inc., a South Korean developer of collaborative robots, drew 3.5 trillion won ($2.6 billion) in deposits during the first day of public subscription for its initial public offering on ..

Finance Minister vows vigilance, concerted actions amid rising uncertainty The South Korean government will closely monitor any market uncertainties that may be triggered by the recent policy move by the U.S. Federal Reserve, according to Deputy Prime Minister and Minister o..

Able C&C sale put on hold as business performance recovers South Korean cosmetics company Able C&C Co. put its sale process put on hold amid a notable uptick in its financial performance and the expected resurgence of Chinese tourists. IMM Private Equity (PE..

PEF to recoup investment from money-losing Discovery of Play A mid-sized Korean private equity fund (PEF) manager that invested in Woongjin Group’s new mobile platform, Discovery of Play, will be able to fully recover its investment after three years. Accordin..

Super-rich Koreans eye EV, battery stocks for growth potential Six out of 10 super-rich Korean investors plan to increase their stock holdings by the end of either this year or next year, a recent survey showed. In terms of promising stocks, they named electric v..

Chip stock investors suffer losses as TSMC delays equipment delivery Shares of semiconductor-related companies both domestically and globally took a hit as TSMC, the world’s largest semiconductor foundry, announced a delay in equipment deliveries for its facility expan..

Investments via brokerage-type ISAs grow rapidly, led by young investors The use of Individual Savings Accounts (ISAs), which allows subscribers to invest in various assets while enjoying tax benefits, has been steadily increasing in South Korea. Among these accounts, the ..

Shinhan, Woori banks spearhead ESG, climate finance initiatives in U.K. The local branches of South Korea’s Shinhan Bank and Woori Bank are strategically positioning themselves to become significant players in the financial landscape in the U.K. The lenders are presented..

Sung Gyung Food targets U.S. market with seasoned laver Sung Gyung Food Co., a South Korean manufacturer of seasoned laver, is gaining attention among investors as its value grows as a key exporter of dried laver. According to sources on Thursday, Sung Gy..

Korea’s household debt surges at steepest pace among OECD countries over 5 yrs South Korea has shown the steepest increase in household debt among the Organization for Economic Co-operation and Development (OECD) countries over the past five years, raising concerns about the co..

Korea Eximbank’s credit to marginal firms up 92.1% in 2022 The Export-Import Bank of Korea (Eximbank) has injected more than 10 trillion won ($7.35 billion) to finance companies that can barely pay interest from their operating income last year. The figure is..

Korean, Japanese financial regulators agree to resume shuttle meetings The heads of South Korea’s and Japan’s financial regulators agreed to resume regular shuttle meetings between the two countries’ financial sectors during their first meeting in eight years on Tuesday...

Korea reviews shorter mortgage maturity for senior borrowers amid rising debt South Korean financial authorities are reviewing a proposal to reduce maturity years for middle-aged and elderly borrowers by taking into consideration potential decreases in their future incomes when..

Ownership structure at Korean corporates shifts as subsidiary holdings increase Ownership structures in large Korean business groups have continued to show an increase in subsidiary holdings and a decrease in owner family holdings, according to recent government data. According ..

KEPCO detects fraudulent electricity usage applications for data centers Amid the surging demand for data centers in South Korea, driven by investments in high-tech industries such as artificial intelligence (AI), a significant portion of electricity applications made to s..

Global Together to appeal for Busan World Expo bid With the final vote to select the host city of the World Expo 2030 approaching, Global Together, a South Korean entity at the forefront of private sector support, plans to appeal for Busan’s bid to ho..

Korea to set record annual oil consumption amid hike in oil prices South Korea’s annual crude oil consumption is projected to reach 1.1 billion barrels this year, likely surpassing the nation’s record oil consumption of 1.04 billion barrels in 2022. According to a j..

Korea’s efforts to break labor market duality extends to petrochemicals Despite the slower-than-anticipated progress in labor reform, the South Korean government is taking steps forward in terms of labor-management cooperation as it expands measures to improve the two-tie..

Financial holding firms’ net profit up on strong lending, insurance businesses South Korea’s 10 largest financial holding companies saw their net profits surge 10.1 percent in the first half of this year, reaching an all-time high on the back of strong lending and insurance busi..

Korean consumer sentiment dips on delayed economic recovery, high inflation Consumer sentiment in South Korea turned pessimistic again after four months, as expectations of economic recovery wane and inflation remains persistently high. On the other hand, there are expectatio..

Over 900 Korean companies remained heavily indebted as of 2022 There is a troubling trend in South Korea, where the number of financially vulnerable companies whose borrowing costs remained higher than their earnings for seven consecutive years topped 900. The tr..

Gov’t to leave health insurance rates unchanged in 2024 The South Korean government will keep health insurance premiums unchanged in 2024 for the first time in seven years to counter increases in utility bills, including electricity prices. With high infla..

Single-person households’ monthly spending averages $1,148 amid high inflation The monthly spending of a single-person household in South Korea averaged 1.55 million won ($1,148) last year, with basic living costs such as groceries and rent making up 30 percent of the entire exp..

Shinhan Bank to pour $2.2 bn into state defense export initiative Shinhan Bank Co., one of the major commercial lenders in South Korea, announced Tuesday that it will spend 3 trillion won ($2.22 billion) in funds by the end of this year to support an inter-ministeri..

Gov’t to expand public housing sites to boost housing supply The South Korean government will supply more than 30,000 additional housing units in the third phase of new towns to boost the country’s housing supply. It will increase the number of potential new ho..

Korea Eximbank contributes $1 bn for Samsung Engineering’s Qatar project The Export-Import Bank of Korea announced on Tuesday that it will provide project financing totaling $1 billion towards Samsung Engineering Co.’s construction of ethylene cracker facilities in Qatar. ..

Entrepreneurship surges among youth in Korea The number of businesses nationwide in South Korea increased by more than 60,000 in 2022 compared to the previous year, driven particularly by a surge in entrepreneurship among those in their 20s and ..

Korea likely to continue rate freeze over inflation, household debt concerns South Korean authorities are expected to keep rates on hold for the time being as the global rate hike cycle winds down, as inflation has not been fully contained and a rate cut amid soaring household..

Chinese tourists expected to flock to Seoul during 8-day national holiday Chinese tourists have chosen Seoul as their top destination for their upcoming Mid-Autumn Festival and National Day holidays. With an estimated 21 million Chinese travelers expected to fly during the ..

Namyangju city calls for traffic measures amid ongoing public housing project The city of Namyangju in North Gyeonggi Province on Wednesday called on the state-run Korea Land & Housing Corp (LH) to provide measures to address citywide traffic issues and improve access to the ci..

More than half of apartment deals in Seoul made at higher prices in August More than half of the apartment transactions in Seoul were made at higher prices in August, raising expectations for a gradual recovery in South Korea’s real estate market. According to an analysis c..

Alliance will take regime down if North Korea uses nuclear weapons South Korean President Yoon Suk Yeol issued a strong warning to North Korea against Pyeongyang’s use of nuclear weapons while pledging to build a strong military that instills fear in the country’s ad..

Historic Dondeokjeon reopens to the public in its original form Dondeokjeon Hall, once a Western-style royal guesthouse inside Deoksu Palace during the Empire of Korea era, will open its door to the public after a century-long hiatus. The Royal Palaces and Tombs C..

Concerns rise amid delay in handling hazardous mercury waste Despite the designation of medical devices containing mercury as hazardous waste a year ago in South Korea, these devices have been left unhandled with no specific actions taken to date. According to..

Housing measures likely to include advancing supply for third New Town The South Korean government’s housing supply measures, which will be announced before the Chuseok harvest holiday, are expected to include advancing the supply schedule and increasing the volume for t..

China to support Korean security amid thawing bilateral relations South Korean Prime Minister Han Duck-soo and Chinese President Xi Jinping met in China before the opening ceremony of the Asian Games in Hangzhou on Saturday. During the meeting, which lasted for 26 m..

Korea begins free influenza vaccination program amid rising cases South Korea is on high alert as the number of influenza cases is on a surge particularly among children and teenagers. According to the Korea Disease Control and Prevention Agency on Friday, there we..

Company’s ESG score to become more important than financial performance Moving forward, companies with solutions for social and environmental issues will be highly regarded as investment targets, more so than those in good financial health, according to the chief executiv..

Korea’s National Assembly passes arrest motion against DP leader South Korea’s National Assembly on Thursday passed a motion to arrest Lee Jae-myung, leader of the main opposition Democratic Party, after an unexpected number of the controlling party members voted f..

Busan should serve as ESG hub to attract businesses: Maekyung Vice Chairman Busan, located in the southeast part of South Korea, should focus on becoming the global center for environmental, social, and governance (ESG), which has emerged as a major issue among businesses, ac..

Yoon calls for global digital rules in New York University speech South Korean President Yoon Suk Yeol called Thursday for establishing a universal digital order during his speech at New York University on the sidelines of his visit to the United States, where he un..

Korea’s ex-president’s remarks on economy raise controversy The South Korean government under President Yoon Suk Yeol faces a clash with the former administration led by Moon Jae-in over economic performance, spurring public confusion. The controversy began w..

Digital, bio technologies emerge as solution to narrowing regional medical gap Digital and bio healthcare technologies can give rural citizens more access to medical services, according to experts. The Community Health Innovation Center at Seoul National University’s Medical Sc..

Yoon proposes creation of global alliance to expand carbon free energy South Korean President Yoon Suk Yeol on Wednesday proposed the idea of creating a Carbon Free Alliance, an open platform designed to facilitate widespread use of carbon free energy, in his keynote spe..

Yoon calls on Czech Republic to engage Korean companies in nuclear power plant South Korean President Yoon Suk Yeol kicked off his trip to New York to attend the 78th the UN General Assembly with a series of bilateral talks focused on strengthening economic cooperation. Yoon ha..

Celltrion enters phase 1 trial for oral formulation of autoimmune therapy South Korea’s Celltrion is extending its reach beyond the realm of biosimilars to become a biopharmaceutical company that encompasses novel drug discovery and development. The company is engaged in o..

Samsung Group celebrates 30th anniversary of its guide dog school project Samsung Group marked a significant milestone on Tuesday as it celebrated the 30th anniversary of Samsung Fire & Marine Insurance Guide Dog School, an institution founded by its late Chairman Lee Kun-h..

Hyundai Motor to allocate 30% of workforce with young employees South Korean auto giant Hyundai Motor Co. has decided to fill 30 percent of the workforce at its new local plant being built for the first time in 29 years with young employees in their 20s and 30s. T..

Former UN chief Ban Ki-moon strongly condemns Putin Amid growing concerns about potential military and technology cooperation between North Korea and Russia, former United Nations Secretary-General Ban Ki-moon expressed strong condemnation towards the ..

Checks and balances keep Korean organizations, gov’t healthy There was a recent article saying that many of the examiners for Korea’s national college entrance exam are from a specific university, making it difficult to catch errors in the questions as it can b..

Gov’t must work with international community to stop Pyongyang-Moscow arms deal North Korea’s leader Kim Jong Un arrived in Russia on his train for a rare summit with Russian President Vladimir Putin to discuss a possible bilateral cooperation on arms deals at Russia’s Vostochny ..

WKF proposes “Technium Alliance” for sustainable innovation In the ongoing war for technological supremacy between the United States and China, there is a saying that holds true: To determine the ultimate victor, all you need to do is examine ASML, the semicon..

Infrastructure recovery is a must ahead of 2 mn Chinese tourist influx On Monday, the South Korean government announced its goal of attracting 2 million Chinese tourists this year in a bid to boost the domestic gross domestic product (GDP) growth rate by 0.16 percentage ..

Editorial: IMF’s downward revision for Korean economy is a wake-up call South Korea’s second-quarter economic growth rate turned out to be better than expected. While it is heartening to see signs of recovery, it is too early to be at ease as international financial insti..

Editorial: Korea’s major labor group must end strike disrupting medical services The Korean Confederation of Trade Unions (KCTU), South Korea’s major labor group, has launched a strike at the expense of public health. The strike by 40,000 nurses and nursing assistants affiliated ..

Seoul should work on bolstering global competitiveness Marking the first anniversary of taking office on Monday, Seoul Major Oh Se-hoon vowed to raise the city’s competitiveness by making it more attractive based on the key philosophy of accompanying the ..

Editorial: Korean government’s pressure to lower prices is market intervention The South Korean government has pressured flour manufacturers to lower prices, following the same move on ramyeon, or instant noodle makers. The Ministry of Agriculture, Food and Rural Affairs on Mon..

Editorial: Labor community should listen to the cries of small business owners South Korea’s two largest labor unions, the Federation of Korean Trade Unions (FKTU) and the Confederation of Korean Trade Unions (KCTU), are demanding a 27 percent increase in the minimum hourly wage..

Editorial: Korea’s opposition party irresponsibly incites sea salt hoarding Sea salt has seen a three- to four-fold increase in prices in the past two months on cornering and hoarding among consumers in South Korea, and it is even out of stock at some stores. Concerns rise as..

Editorial: Lee Jae-myung’s lame excuse after humiliating diplomacy criticism China’s diplomatic rudeness that goes beyond its limits day after day must be addressed. It is unacceptable that Chinese Ambassador to South Korea Xing Haiming, a mere director-level official, intimid..

Reward for patriotism and the miracle of 100 Korean won I recently visited the U.S. to meet with the director of the Federal Bureau of Investigation to discuss comprehensive security cooperation, including action plans against cybercrime and terrorist thre..

Editorial: Seoul-Jakarta ties can enhance supply chain, national security The Maekyung Indonesia Forum, organized by the Maeil Business Newspaper, took place in Jakarta earlier this week and the two-day conference served as a stepping stone in the bilateral relationship bet..

Editorial: Japan should step up efforts for global supply chain cooperation Japanese Prime Minister Fumio Kishida that visited Seoul for two days is known to have said that it would help if the “businesses take the initiative in fostering cooperation between South Korea and J..

Editorial: New Korea-U.S. technology dialogue should address chips, EV rules South Korean President Yoon Suk Yeol and U.S. President Joe Biden agreed to launch a Next Generation Critical and Emerging Technologies Dialogue during their summit in Washington on Wednesday, local t..

Editorial: Korean-style nuclear sharing with U.S. needed to deter North’s action South Korea’s President Yoon Suk Yeol and U.S. President Joe Biden will reportedly adopt a separate special document on strengthening U.S. extended deterrence commitment to South Korea during their su..

K-pop girl group Blackpink wraps up year-long tour back in Seoul K-pop girl group Blackpink wrapped up their successful “BORN PINK” world tour with a grand finale in Seoul, holding a concert at Gocheok Sky Dome from September 16 to 17 amid uncertainties surrounding..

BTS’s Suga to begin military duty this week Suga, a member of the South Korean boy band BTS, will begin his military service on Friday, joining two other members Jin and J-Hope that were enlisted earlier, according to his entertainment agency. ..

Boy band RIIZE signs with major U.S. label RCA pre-debut K-pop boy band RIIZE is readying its debut by signing a record contract with one of the largest U.S. music labels, New York-based RCA Records, in a move that showcases K-pop’s growing prominence and i..

Frieze art fair opens in Seoul, draws over 20,000 global VIP collectors Frieze Seoul, one of the world’s top three art fairs, opened at COEX in southern Seoul on Wednesday in conjunction with the annual Kiaf Seoul, the largest art market in Asia, drawing more than 20,000 ..

World-renowned orchestras enchant classical music fans in Seoul this fall A slew of international orchestras are set to perform in Seoul this fall, highlighting the growing prominence of the South Korean classical music industry. The Berlin Philharmonic will collaborate wi..

Korea’s CJ ENM seeks to become global IP powerhouse South Korea’s media and entertainment giant CJ ENM Co. will strive to swing back to an operating profit with its intellectual property (IP) in all areas, including music, over-the-top media services, ..

K-pop stars unite for Plant Our Planet concert to combat climate crisis In response to the urgent global climate crisis, a concert featuring top K-pop stars will take center stage for the Plant Our Planet (POP) Campaign, which focuses on reforestation as a robust solution..

Korean defender Kim Min-jae joins Bayern Munich in Germany Bayern Munich has completed the signing of South Korean defender Kim Min-jae from Italian champion Napoli for a reported fee of 50 million euros ($56 million). The German football record champion off..

K-pop album exports hit all-time high in H1 Exports of South Korean albums reached a new high in the first half of this year as K-pop fandom culture continues to spread around the world. According to the Korea Customs Service’s import and expo..

Asia’s largest street art fair opens in Seoul Urban Break 2023, Asia’s largest young and hip urban-street art festival, kicked off on Thursday at Coex in Southern Seoul, drawing a multitude of visitors, especially among the younger population. M..

Korean attacking midfielder Lee Kang-in signs for Paris Saint-Germain South Korean attacking midfielder Lee Kang-in has completed his transfer to Paris Saint-Germain (PSG) under a contract until 2028, the Paris-based club announced Sunday. Lee, who will begin a new cha..

Kakao Entertainment to unveil its own AI-based brand Helix: CTO Kakao Entertainment Co, a content unit of South Korea’s platform giant Kakao Corp, will introduce its own artificial intelligence (AI) label Helix for the first time in the industry as it strives to e..

SK bioscience inks to build vaccine infrastructure with Thai state pharma South Korea’s SK bioscience Co. announced on Wednesday that it has entered into a memorandum of understanding (MOU) with Government Pharmaceutical Organization (GPO), Thailand’s state-owned pharmaceut..

Lunit eyes Middle East healthcare market via Saudi virtual hospital project South Korea’s medical AI company Lunit Inc. announced on Wednesday its participation in Saudi Arabia’s ambitious national project Vision 2030, specifically sharing its expertise for the SEHA Virtual H..

Starbucks to launch merchandise with BLACKPINK Starbucks Corp., the world’s largest coffeehouse chain, will collaborate with K-pop girl group BLACKPINK to launch tumblers, keyrings, and other merchandise in a move to lure more customers based on t..

Korean select shops emerge as incubators of foreign fashion brands Global fashion brands are increasingly seeking to introduce their items at select shops in South Korea, suggesting that the country has become a test bed for worldwide growth. Ulla Johnson, a contemp..

Korea’s HK inno.N steps up to take No.1 position in infusion therapy market South Korea’s HK inno.N Corp., a latecomer in the domestic infusion therapy market, will accelerate its efforts for market penetration with the goal of achieving the largest sales of infusion products..

Urban Break 2023 art fair in Seoul to display KAWS collection, over 110 artworks Urban Break 2023, Asia’s largest urban culture art festival, will kick off at Convention and Exhibition Center (COEX) in Samseong-dong, southern Seoul, on July 13, featuring the works of globally reno..

BTS celebrates 10th anniversary with firework show in Seoul K-pop sensation BTS lighted the Seoul night sky with fireworks show on Saturday night, commemorating their 10th debut anniversary at the riverside park in Yeouido in collaboration with their label, Bi..

Global cities light up in purple as BTS celebrates 10-year debut anniversary K-pop darling BTS that celebrates the 10-year debut anniversary on Tuesday has brought seismic changes to the local entertainment scene, generating more than 6 trillion won ($4.7 billion) in annual ec..