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Microsoft, KT to invest $1.8 bn in Korea’s AI, infrastructure
KT Chief Executive Kim Young-shub speaks to the press about the company’s partnership with Microsoft in Seoul on Oct. 10,…
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Alternative investment experts to gather at ASK 2024 on Oct. 16-17
The Korea Economic Daily hosted the spring conference of ASK 2024 in Seoul in May South Korea’s major institutional investors…
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Two out of 5 CEOs hold negative views on Korean startup scene
Screenshot of ChangGoo participants captured from Google Korea Blog Nearly half of South Korean startups hold negative views on the…
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KT succeeds 5G NTN satellite communication
South Korea’s KT Corp. and its satellite subsidiary KT SAT said on Monday their integration of KOREASAT 6 with a…
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Microsoft, KT join forces to propel Korea’s AI innovation
KT CEO Kim Young-shub (right) and Microsoft CEO Satya Nadella shake hands after signing a strategic partnership at Microsoft’s headquarters…
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Hyundai to develop unmanned robot for EV fire suppression
Hyundai Motor Group said on Thursday that it plans to jointly develop the unmanned firefighting robot vehicle with the South…
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Korean cosmetics fly off shelves on Amazon, other e-commerce platforms
Korean cosmetics (Courtesy of Yonhap) South Korean cosmetics are top picks among beauty products on Amazon.com and other global e-commerce…
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Fed’s big rate cut spurs Korean firms to issue foreign bonds
Bundles of $100 bills at South Korea’s Hana Bank headquarters in Seoul (File photo by Yonhap) South Korean companies rushed…
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KT to develop AI tech to filter spam messages
South Korea’s KT Corp. said on Tuesday it will work with the Korea Internet & Security Agency (KISA) to launch…
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KRX launches Korea Value-up Index to enlist 100 best practice firms
Korea Exchange South Korea’s securities exchange operator, Korea Exchange, launched a new corporate value-up index on Tuesday, a key plank…
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KT unveils photos of Canadian fall destinations using GenAI
KT Corp. unveiled on Monday the Canadian edition of Genie TV’s AI Travel View, which was created using generative artificial…
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Race to win tableside ordering market heats up in Korea
Tablet order system by t’order (Screenshot captured from t’order website) Delivery Hero-backed Baemin, the top food delivery platform in South…
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Hyundai Motor Group becomes KT’s largest shareholder
Hyundai Motor Group has officially become the largest shareholder of South Korea’s major telecommunications company KT Corp., following a public…
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Pulmuone to boost K-food boom in China with kimbap
A customer picks up the Pulmuone Tuna Kimbap at a store in China (Courtesy of Pulmuone) Major South Korean food…
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KT applies AIoT video surveillance to EV charging stations
South Korea’s KT Corp. said on Monday that it will expand its Artificial Intelligence Internet of Things (AIoT) video surveillance…
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SK Ecoplant sells off stakes in Ascend Elements for $98 million
Ascend Elements employees load lithium-ion EV batteries onto a conveyor belt at the company’s battery recycling facility in Covington, Georgia…
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Samsung 2024 TVs earn VDE certification for picture quality
Samsung Electronics Co. said on Monday that seven of its 2024 TV models, including Neo QLED 8K and Neo QLED…
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CJ CheilJedang launches protein snack O-right Tempeh Chips in Thailand
Tempeh(left) and Tempeh chips (Courtesy of CJ CheilJedang) CJ CheilJedang Corp. accelerates its business expansion in Thailand with a new…
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One Store vows to crack Apple, Google-led app market with localization
One Store CEO Jeon Dong-jin introduces Taiwan-targetted One Store app market on Aug. 28, 2024 (Courtesy of One Store) One…
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NCSOFT to seek recovery momentum with open-world game
(File photo by NCSOFT) South Korea’s gaming giant NCSOFT Corp. is set to develop an open-world massively multiplayer online role-playing…
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Yanolja’s Nasdaq IPO plan hit by Qoo10’s liquidity turmoil
Nasdaq congratulates Yanolja’s acquisition of Israeli tech firm Go Global Travel on May 15, 2023 (Courtesy of Yanolja) Yanolja Co.,…
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CJ ENM’s CJ Onstyle bets big on live commerce for breakthrough
The celebrity hosts of CJ Onstyle’s new mobile live-stream shopping shows pose for photos at a news conference on Aug.…
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Korea Investment, most generous venture capitalist in H1
(Courtesy of Getty Images) Korea Investment Partners Co. spent the most on local startups among venture capitalists in the first…
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Amorepacific’s Hera enters Thai market
South Korea’s Amorepacific Corp. announced on Thursday that its premium color cosmetics brand Hera opened its first store on August…
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Naver Cloud takes the lead in Korea’s public AI business
Naver Cloud DEO Kim Yoo-won (File photo by Naver) South Korean online giant Naver Corp.’s cloud subsidiary is expanding its…
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Samsung’s AI home appliances hit 1.5 mn units sold
Samsung Electronics Co. said on Thursday that its cumulative sales of AI-integrated home appliances have surpassed 1.5 million units as…
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Korean Telco giant KT’s Midas touch with hotel business
Le Méridien Seoul in Myeongdong (Courtesy of Le Méridien) KT Corp., one of South Korea’s top three mobile carriers, is…
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Biotech stocks, foreigners’ top pick in Korea amid panic selling
Trading room at Kookmin Bank’s branch in Yeouido, Seoul on August 5 (Courtesy of Yonhap) Foreigners and institutional investors in…
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KT posts Q2 profit drop on pay raise, bonus payment
KT Corp., South Korea’s No. 1 telecom service provider, on Friday reported a 14.3% drop in second-quarter operating profit despite…
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Samyang Roundsquare holds ‘Buldak Ferry Party’ in Denmark
Buldak Spicy Ferry Party Samyang Roundsquare, formerly known as Samyang Foods Group in South Korea, announced on Friday that it…
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MLOps startup Vessl AI eyes 50% sales from US in 2025
Vessl AI CEO An Jaeman poses for a photo in front of Vessl AI’s office in Seoul, South Korea (Courtesy…
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Lotte leader Shin Dong-bin stresses pivot to AI-centered innovation
Lotte Group Chairman Shin Dong-bin (left) at the 2024 Lotte Investment Showcase, a gathering of in-house and independent startups Shin…
