South Korea’s Lee completes cabinet lineup with IT executive, lawmaker

South Korean President Lee Jae Myung has tapped an information technology firm executive as culture minister and a ruling party lawmaker as land min...

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs

Back in the 1960s and 1970s, the Middle East was a land of opportunity for many South Korean construction workers, who labored there under the scorc...

Yonsei University: Unlikely yet adroit dealmaker in S.Korea’s M&A market

For decades, or probably for centuries, Yonsei University has been seen as an ivory tower – a place for academics – in South Korea.One o...

Korea's science ministry picks 10 AI, digital startups to back global growth

South Korea’s Ministry of Science and ICT on Thursday announced that it has selected 10 startups founded by Koreans in a program to support th...

Samsung seeks tech alliance with top US universities for robotics, AI, 6G

In an ambitious bid to shape the future of technology, Samsung Electronics Co. is launching a sweeping initiative to collaborate with elite North Am...

AI data center with up to 3 gigawatts of power envisioned for South Korea

An investor group is planning one of the world’s largest data centers for artificial intelligence in South Korea, a sign of red-hot AI de...

Political crisis ups downside risk to S.Korea’s economy: S&P, Moody’s

Global credit rating agencies are warning of looming downward pressure on South Korea’s sovereign credit rating about a month after Asia&rsquo...

Yanolja launches NOL Universe after merging OTA platforms

SoftBank-backed Yanolja Co., South Korea’s top travel and accommodation booking platform operator, on Friday introduced a new platform called ...

Lotte replaces 21 CEOs, slashes executive jobs by 22% in drastic reshuffle

South Korea’s retail-to-chemical conglomerate Lotte Group on Thursday replaced 21 chief executives across its affiliates and slashed executive...

Robotis, MIT to jointly develop physical AI

South Korea's Robotis Co. said on Tuesday it partnered with the Massachusetts Institute of Technology (MIT) to develop physical AI.Robotis and MIT w...

North Korean Troops Train in Russia as Moscow Deepens War Coalition

North Korea has sent hundreds of special forces to eastern Russia for training in recent weeks, according to South Korea’s main intelligence a...

Naver Labs tops in spatial intelligence tech at ECCV

Naver Labs' spatial intelligence technology was recognized as superior to that of Google, Apple, and Meta at the world's leading computer vision con...

Artificial intelligence creates DRAM divide between hot sellers, laggards

In recent years, the big buzz across industries has been around the power of artificial intelligence, with some critics raising concerns about AI ex...

Hyundai Motor Group to nurture young talent in Indonesia

Hyundai Motor Group said on Wednesday that it held the inaugural ceremony for the first cohort of H-Jump School Indonesia in Jakarta, Indonesia, the...

Samyang Roundsquare to recruit foreign interns

Samyang Roundsquare, the holding company of South Korea's Samyang Group, said on Friday that it recruits foreign interns with the potential for full...

Hanwha, Univ. of Surrey to team up for space business

Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, announced on Friday that it signed a memorandum of understan...

HD KSOE partners with University of Michigan to foster US ship engineers

South Korea’s HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has joined hands with the University of Michigan-Ann Arbor (UM) a...

Brokerage firm Hanyang Securities' 11.3% stake up for sale

South Korea’s Hanyang University Foundation has decided to sell 11.3% of common shares and all the preferred stocks it holds in brokerage arm ...

Lotte leader Shin Dong-bin stresses pivot to AI-centered innovation

Shin Dong-bin, chairman of South Korea’s retail, food and chemicals conglomerate Lotte, on Friday urged affiliate executives to ramp up effort...

POSCO DX to focus on AI-led intelligent factory systems

POSCO DX Co., an IT service arm of South Korea’s POSCO Group, will transform into an AI-enabled intelligent factory system developer to automa...

LG unveils Google’s generative AI-powered robot CLOi

LG Electronics Inc. on Thursday unveiled its service robot CLOi GuideBot powered by Google’s multimodal AI model Gemini to foray into the gene...

Lotte Group's heir apparent joins Japan holding firm's board

Shin Yoo-yeol, the heir apparent to Lotte Group, has been elected to the board of directors of its Japanese holding company, which serves as a link ...

LG Uplus, GIST to build metaverse campus

South Korea's LG Uplus Corp. announced on Thursday a business agreement with the Gwangju Institute of Science and Technology (GIST) to develop a uni...

S.Korea, UAE sign economic partnership, reaffirm $30 bn investment

South Korea and the United Arab Emirates on Wednesday signed a comprehensive economic partnership agreement (CEPA) to facilitate bilateral trade aft...

Hyundai Motor, Kia to develop alternative to rare earth materials

Hyundai Motor Co. and Kia Corp. have partnered with South Korea's universities to secure materials for vehicle electrification components.Hyundai Mo...

Korean Air, Amazon to build AI customer center

South Korea's Korean Air Lines Co. announced on Monday that it will build an artificial intelligence (AI) contact center (AICC) platform in collabor...

NPS corp governance committee taps SNU professor as member

A corporate governance committee of South Korea’s National Pension Service (NPS), the world's third-largest pension fund, has named a Seoul Na...

LG Uplus unveils Yonsei Univ. Metaverse Campus

South Korea's LG Uplus Corp. announced on Tuesday that its university metaverse platform Uverse unveiled a dedicated metaverse campus called Meta Yo...

Universal Music acquires 10-year distribution rights to HYBE music

The world’s largest music company Universal Music Group (UMG) has struck an exclusive deal to distribute music from HYBE Co., the South Korean...

Lotte Group to give more authority to outside directors

Food-to-retail conglomerate Lotte will expand the authority of outside directors by separating the roles of chief executives and board chairs at its...