Latest news
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Defense contractor LIG Nex 1 accelerates first missile supply deal with US government
SEOUL -- LIG Nex 1, a prominent South Korean defense contractor, is expediting discussions with the United States government to finalize an export deal for the "Bigung" 70mm laser-guided anti-ship rocket system. While South Korean companies have previously supplied weapon parts and components to the U.S. government, the adoption of Bigung would mark the first time a South Korean full weaponry system is integrated into Washington's arsenal. The impetus for this develo
March 13, 2024 -
S. Korea's iconic football stadium becomes main stage for K-pop concerts
SEOUL -- Seoul World Cup Stadium, an iconic football stadium in western Seoul, has become the primary stage for K-pop artists following the remodeling project on Jamsil Sports Complex in southern Seoul. With a capacity of about 45,000 people, this World Cup stadium is regarded as a "dream stage" among South Korean artists, requiring substantial ticket sales potential and immense popularity to host concerts. Seoul World Cup Stadium, constructed in the western district of
March 13, 2024 -
AI startup Upstage partners with legal tech firm to develop AI-based legal advisor
SEOUL -- South Korean artificial intelligence technology developer Upstage will work with domestic legal tech firm Law & Company to create an AI-driven legal advisor that can analyze complicated legal precedents. Upstage's large language model-based solution called "Solar" will be upgraded into the AI legal assistant after studying legal data provided by Law & Company. Solar is a deep-learning-based AI platform capable of understanding and generating content.
March 12, 2024 -
Brazilian aircraft company Embraer kickstarts student incubation program in North Gyeongsang Province
SEOUL -- Brazilian aircraft company Embraer has launched a student incubation program in North Gyeongsang Province, aiming to nurture aspiring aircraft engineers and aviation specialists. The world's third-largest commercial aircraft maker became South Korea's crucial partner in December 2023 when South Korea's defense ministry selected Embraer's C-390, a large-sized plane, as the country's next-generation military cargo flyer. C-390's maximum distributed p
March 12, 2024 -
Canadian Embassy in Seoul hosts symposium to promote AI ethics across Indo-Pacific region
SEOUL -- At a symposium designed to accelerate cooperation on the ethical use of artificial intelligence, researchers and business officials from the Indo-Pacific region discussed obstacles in maintaining human rights and democratic values amid the rapid evolution of AI systems. This symposium, hosted by the Canadian Embassy in Seoul, focused on sharing diverse perspectives in preserving these principles. Canadian Ambassador to South Korea, Tamara Mawhinney, addressed the potentia
March 12, 2024 -
S. Korea sees record 40% surge in fruit prices
SEOUL -- South Korea witnessed a historic surge in fruit prices in February 2024, with an inflation rate of 40.6 percent. This unprecedented increase marks the highest recorded since 1991, when the country began officially archiving fruit price inflation data. According to the national statistical information service, the inflation rate for apple prices in February stood at 71.6 percent, attributed to dwindling production caused by adverse weather conditions. Purchasing an apple n
March 12, 2024 -
WeMade to drop global version of popular mobile MMORPG 'Night Crows'
SEOUL -- WeMade, a South Korean game developer, is set to release the international version of its popular mobile massively multiplayer online role-playing game (MMORPG) "Night Crows," targeting the global market. The original version of the game was launched in South Korea in April 2023. Upon its initial release, Night Crows quickly climbed the ranks to become one of the top 10 popular games on both Google and Apple app stores. By May, it had claimed the number one spot
March 11, 2024 -
S. Korean companies to showcase new metaverse solutions at SXSW event in Texas
SEOUL -- A total of 10 South Korean companies will present new metaverse solutions at the South by Southwest (SXSW) event in Austin, Texas from March 8 to March 16 through a joint exhibition booth. The country's science ministry has set up the joint booth to support exhibitors. Metaverse is a virtual world where anyone can engage in many different social and economic activities using their own avatars. Metaverse platforms require high-speed internet access. Market research fir
March 11, 2024 -
K-culture fans become younger
SEOUL -- Thanks to increased global recognition of South Korean culture including K-pop and Korean food, South Korea has become a popular tourist destination. Among some 11 million foreign travelers who visited the country in 2023, 35.6 percent were aged 30 or younger. Data released by the Korea Tourism Organization (KTO) showed that 3.93 million out of the 11.03 million foreign tourists in 2023 were aged 30 or below. Of them, tourists aged between 21 and 30 accounted for 25.3 per
March 11, 2024 -
LG Electronics commercializes smart factory solutions for enterprises
SEOUL -- South Korean tech giant LG Electronics has commercialized its smart factory technologies and solutions for enterprises by setting up a new dedicated business team in the company's production technology institute reflecting LG's big plan to beef up smart farm business capabilities. LG said on March 10 that the company opened the new smart factory business operations team in its manufacturing technology institute located in Pyeongtaek some 60 kilometers (37 miles)
March 11, 2024
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Korea reports world's first demonstration of integrated operation of urban air mobility systems
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SNU professor to spearhead Korea's inaugural space agency
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HD Hyundai establishes new headquarters for marine energy businesses
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Video streaming services in Korea sharply raise subscription fees
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Korea launches first nanosatellite in New Zealand
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Pinkfong creates Baby Shark-themed musicals to captivate global fans
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LG Electronics, Kakao Mobility collaborate on delivery robot service
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Analysts predict poor earnings for major Korean game publishers in first quarter
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Carmakers, tech firms gather in Seoul for premier industry show
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Label control battle casts shadow over NewJeans' comeback