Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome
Hanwha Systems Co. is preparing to muscle into a strategic stronghold of South Korea’s missile defense industry, challenging long-time rival L...
Korea to allow non-profits to buy bad consumer loans
The Financial Services Commission (FSC) has proposed regulatory changes that would allow non-profit organizations to purchase bad loans from individ...
OpenAI sets up entity in Korea with most paid ChatGPT users outside US
OpenAI Inc., the creator of generative AI ChatGPT, has established a legal entity in South Korea, which has the largest number of paying ChatGPT sub...
Hyundai to launch 42 new cars to cope with Trump tariffs, EV slowdown
Hyundai Motor Group, the world’s third-largest automaker, plans to unveil 42 new models, including hybrids of existing cars, next year to cope...
Naver’s Webtoon hints at ad business expansion in 2025
Webtoon Entertainment Inc., the Nasdaq-listed storytelling platform operator under South Korea’s internet giant Naver Corp., is set to expand ...
How STIC Investments’ bet on animal fat processor DK O&T paid off
In South Korea, businesses handling livestock by-products have lacked investor appeal. They were usually mom-and-pop businesses and appeared to hold...
NXN Labs aims to be Adobe of image generation AI
South Korean tech giant Naver Corp.-backed NXN Labs Inc., the developer of an artificial intelligence-powered image generation program, aspires to b...
Asiana Airlines joins Korean Air as subsidiary
Asiana Airlines Inc., one of South Korea’s only two full-service carriers, has passed into history after 36 years of operation to be placed un...
SK Telecom launches PC version of A Dot
South Korea's SK Telecom Co. unveiled the multi-large language model (LLM) agent, the PC version of its AI personal assistant service "A. (A Dot)" o...
Hudson AI dreams of a world without language barriers
South Korean startup Hudson AI is striving to break language barriers with its artificial intelligence-powered voice dubbing technology, enabling gl...
KHNP builds i-SMR operation simulator
Korea Hydro & Nuclear Power (KHNP) announced on Friday that it established a simulator at its central research center to verify the operational ...
Pearl Abyss, Tencent to release Black Desert in China
South Korea's game developer and publisher Pearl Abyss Corp. announced on Wednesday that it's preparing to launch its cross-platform MMORPG Black De...
HYBE offers to sell $62 mn SM Entertainment shares
HYBE Co., the company behind global sensations BTS and NewJeans, has offered to sell some of its shares in K-pop pioneer SM Entertainment Co. in a b...
SK Telecom eyes tangible results from AI business in 2024
South Korea’s No. 1 mobile carrier SK Telecom Co. is set to accelerate investments in artificial intelligence to bring more tangible outcomes ...
KT&G faces $2 bn damages suit over heated tobacco invention
KT&G Corp., the world’s fifth-largest tobacco maker, is facing a $2 billion damages suit from a former employee who claimed the South Kore...
S.Korea taps ex-NASA exec John Lee as space agency R&D head
South Korea named John Lee, a former senior executive of the US National Aeronautics and Space Administration (NASA), as the head of missions such a...
Krafton makes local soft launch of mobile game 'Bullet Echo India'
South Korea's gaming giant Krafton Inc. announced on Friday that it soft-launched "Bullet Echo India," developed by global game developer ZeptoLab, ...
Solo Leveling: Arise, Netmarble's webtoon-based game to spur turnaround
South Korean game developer Netmarble Corp. said on Tuesday it is set to launch “Solo Leveling: Arise” — a new title based on a po...
DevSisters, Krafton sign Cookie Run India publishing deal
South Korean game developer DevSisters Corp. announced on Wednesday that it has signed a publishing agreement in India for the mobile game "Cookie R...
Line launches AI Assistant services in Japan
Line Corporation announced on Friday that it has launched paid and free AI Assistant services within the LINE Messenger in Japan.LINE AI Assistant i...
Defy convention with long-run plans to upvalue Korean stocks
The South Korean stock market has been on an upward swing in recent weeks, with many partly attributing it to President Yoon Suk Yeol’s pledge...
Samsung unveils Galaxy Tab Active5 enterprise version
Samsung Electronics Co. announced on Friday that its enterprise version of the tablet Galaxy Tab Active5 started to sell on business-to-business (...
Hyundai to invest an additional $744 mn in Indian hydrogen biz
Hyundai Motor Co., South Korea’s top automaker, is set to invest an additional $744 million in India for a hydrogen ecosystem to lead the futu...
Access Bio opens second plant in New Jersey
The US-based in-vitro diagnostic device company Access Bio Inc. announced on Monday that it opened its second factory in Monroe Township, New Jersey...
Korean digital comics boost Naver Webtoon’s biz in Japan
Naver Webtoon Ltd., the world’s top digital comics provider, enjoyed robust business in Japan with a record gross merchandise value (GMV) this...
Naver to launch global version of Whale browser in Q1 2024
Naver Cloud, the infrastructure subsidiary of South Korea’s online giant Naver Corp., plans to launch a global version of its Whale browser in...
AI to replace high-paid, highly educated doctors, CPAs: BOK
Artificial intelligence poses the biggest threat to high-paid, highly educated professionals such as medical doctors, accountants and engineering te...
Korean game sector shifts to consoles as mobile market falls
South Korean game developers are rushing to introduce titles for consoles targeting die-hard players amid the shrinking mobile market.A survey of 10...
SK Telecom introduces paid currency to metaverse ifland
South Korea's SK Telecom Co. has introduced an economic system to its metaverse service "ifland." With this, users can now purchase items with the c...
KG Mobility unveils Torres EVX, electric version of its popular SUV
KG Mobility Corp., formerly Ssangyong Motor Co., on Wednesday unveiled its much-anticipated electric vehicle (EV), the Torres EVX. The Torres model,...
