After server shutdown, Kakao pledges to triple investment over next 5 years

IT behemoth keeps mum on compensation plan for individual victims

Vietnam’s industry minister urges resource investment from S. Korea

Nguyen Hong Dien, Vietnam’s minister of industry and trade, on Tuesday urged South Korea to invest in clean energy and mineral resource development, in a step toward strengthening the two countries’ bilateral ties. “In a few weeks, Vietnamese government will approve the country’s long-term eight master plans centering on renewable energy. We hope South Korean companies invest in mineral resource development here, that is essential to the energy industry,” the mini

Narcotics control tower under gov't review to tackle growing drug-related offences

As a rapid rise in drug-related offences is catching South Korea off guard, eyes are on the Ministry of the Interior and Safety’s final decision to abolish or formalize an official organization overseeing narcotics-related matters in the country. The Ministry of Food and Drug Safety is currently putting the final touches on transitioning a temporary narcotics division to an official organization called the Deputy Director General for Narcotics Safety Planning, with the aim of making it a m

SK chief stresses ties with Japan to tackle geopolitical challenges

South Korea, the United States and Japan should work closely together to address geopolitical challenges pressing Northeast Asia and beyond, SK Group Chairman Chey Tae-won said at a forum. Chey made the remarks at the 2022 Trans-Pacific Dialogue in the US, an annual gathering hosted by the Chey Institute for Advanced Studies, an SK-affiliated think tank named after the chairman's father, SK Group founder Chey Jong-hyun. The three-day forum, which kicked off Monday, was attended by former an

Korea, Vietnam pledge economic alliance

Vietnamese president vows full support for Korean businesses

SK On, Ford break ground on largest EV battery plant in US

SK On aims to be global top 3 by 2025, calling Biden's IRA a boon for its expansion

Samsung, Naver team up to develop AI chips

Samsung Electronics said Tuesday that the company will collaborate with local internet giant Naver to develop next-generation semiconductor solutions for advanced artificial intelligence systems. The two companies will develop chip solutions that have greater capacity to process large-sized data, which existing computing systems have difficulties in dealing with, the firm said. The duo seeks to find new solutions that better address the bottlenecks in advancing AI systems and maximize efficien

Samsung chief inspects Barakah nuclear plant site in UAE

Samsung Electronics said Tuesday Chairman Lee Jae-yong visited a Samsung C&T construction site of a new nuclear power plant in the United Arab Emirates and encouraged workers there. The construction unit of Samsung Group is building two nuclear reactors at the Barakah nuclear power plant. During his visit, Lee held a meeting with local employees, most of them in their 20s and 30s. “The Middle East, which is currently pushing for a ‘great transformation’ to find a new grow