Latest news
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S. Korea partners with Saudi Arabia for mid-to-long-term defense cooperation
SEOUL -- Through a joint committee, South Korea's arms procurement agency will collaborate with Saudi Arabia on mid-to-long-term defense development plans. The task force will consistently carry out research and development projects to advance technology and industry in the defense sector for both nations. During South Korean President Yoon Suk-yeol's state visit to the Middle Eastern country in October 2023, Yoon reached a consensus with Saudi Arabia's Crown Prince Mo
February 5, 2024 -
HD Hyundai to make foray into floating offshore nuclear power market
SEOUL -- South Korea's HD Hyundai will make a foray into the floating offshore nuclear power market. Compared to conventional land-based plants, offshore nuclear power plants are recognized for their enhanced safety during natural disasters such as earthquakes and tsunamis, as well as a reduced probability of local conflicts during the site acquisition process. The company will work with global nuclear power firms, focusing on small modular reactors such as TerraPower, an America
February 5, 2024 -
YouTube becomes S. Korea's favorite smartphone app for first time: market data
SEOUL -- YouTube, the video content-based social media platform operated by Google, became South Korea's favorite smartphone app, surpassing messenger app KakaoTalk, the former king of South Korea's smartphone app ecosystem, for the first time in December 2023, according to data released by mobile big data company IGA Works. KakaoTalk, with more than 45.5 million monthly active users (MAUs), has maintained its status as South Korea's favorite smartphone app since the e
February 5, 2024 -
Viet Nam continues to stand as S. Korea's 3rd-largest trade partner in 2023
SEOUL -- Viet Nam maintained its position as South Korea's third-largest trade partner in 2023. The main product category that was shipped to Viet Nam was semiconductors, followed by flat-screen displays and petroleum-based products. South Korea forged a diplomatic relationship with the Republic of Vietnam in 1956 but it was severed in 1975 due to the fall of Saigon during the Viet Nam War (1955~1975). South Korea established diplomatic ties with the Socialist Republic of Viet
February 5, 2024 -
Shinsegae's convenience store chain to make foray into Cambodia
SEOUL -- Riding Hallyu (Korean cultural wave), Emart24, a convenience store chain operated by South Korea's retail giant Shinsegae, is set to make a foray into Cambodia. The 24-hour supermarket store franchise will offer South Korean products including food and everyday necessities. Convenience stores in South Korea are shops full of surprises that also play the role of a cultural center. While the stores offer daily necessities such as socks, and tee-shirts, they also sell Hall
February 2, 2024 -
S. Koreans spent $171.1 bln through ecommerce platforms in 2023: market data
SEOUL -- South Koreans spent a total of more than 227 trillion won ($171.1 billion) through ecommerce platforms in 2023, earmarking the biggest-ever recorded amount since the total online transaction exceeded 200 trillion won in 2022. According to a survey of 1,001 South Korean adults randomly contacted through their mobile phone numbers, conducted by South Korean pollster Gallup Korea in July 2023, 97 percent of adults used smartphones. People aged 60 years and more showed a dist
February 2, 2024 -
POSCO adopts AI-based carbon emission monitoring solution 'OceanWise'
SEOUL -- South Korea's leading steel group POSCO has adopted "OceanWise," an artificial intelligence-based carbon emission monitoring solution created by HD Hyundai. The solution will be used to check the energy efficiency of POSCO's bulk carriers designed to deliver raw materials such as iron ore and coal to foreign countries. OceanWise also integrates big data and digital twin technology. A digital twin, which is a virtual clone of an object or an infrastructur
February 1, 2024 -
[OPINION] 'NATO – The Enduring Alliance'
KENOSHA -- On January 25, Turkey at last approved membership for Sweden in NATO (North Atlantic Treaty Organization). This is an historic step, in several important respects.
February 1, 2024 -
About 18% percent of S. Korean restaurant and accommodation businesses use online reservation platforms
SEOUL -- About 18 percent of South Korean restaurant and accommodation operators used online order and reservation platforms to attract more customers in 2023, data released by the national statistics office showed. Online food delivery and hotel reservation app services became popular in the country during the last decade thanks to the wide distribution of smartphones. According to a survey of 1,001 South Korean adults randomly contacted through their phone numbers, conducted by
February 1, 2024 -
Naver provides Arabic translation through AI translation platform 'Papago'
SEOUL -- Papago, an artificial intelligence-based translation service created by South Korea's web service giant Naver, has incorporated Arabic in its range of supported languages. The web portal operator aims to upgrade its global capacity by adding one of the six most spoken languages in the world. Papago now provides automatic text translation services in 16 languages, including Korean, English, Chinese, Japanese, Spanish, and French. Users can also record their voices in t
February 1, 2024
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Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
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Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
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Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
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LS Cable embarks on construction of plant for new copper foil material
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US political turmoil reflects our wider society – in 2024 and earlier elections
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Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
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Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
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Hanwha's cooperative robot wing showcases robot sommelier at 'Smart Factory + Automation World'
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Life expectancy in South Korea decreases for first time since 2000
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Lotte Rental achieves 'Baa3' credit rating from Moody's