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Korea to secure 10,000 GPUs to build national AI computing center
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Samsung, SK hynix on edge as US reconsiders Chips Act awards
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Starbucks Korea's dominance explained in 2 minutes
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Korea declares 'all-out' efforts to face down Trump-era tariffs
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AI, EVs and aging grids: Korean grid powerhouses aim to electrify US
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Why doesn't Korea's central bank join gold buying spree?
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![[Exclusive] 'Blue Ocean's service resumption delayed by lack of transparency'](https://wimg.heraldcorp.com/news/cms/2025/02/19/news-p.v1.20250219.dbf2c3a90a7b4017a74f384c88ba9ebd_T1.jpg?type=h&h=240)
[Exclusive] 'Blue Ocean's service resumption delayed by lack of transparency'
US alternative trading system Blue Ocean and former partner firm Fundamental Interactions trade blame over massive system outage in August US alternative stock trading platform Blue Ocean has been unable to resume its trading service in South Korea for months with no clear explanation. The main reason could be its lack of transparency in dealing with last August's server outage, according to the CEO of a former partner company that is currently engaged in a lawsuit with the system's operator, Bl
Feb. 19, 2025 -
Seoul shares rise for 7th day on tech gains; US tariffs in focus
Seoul shares extended their winning streak to a seventh day Wednesday helped by tech gains, with investors keeping an eye on additional US tariffs. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 44.71 points, or 1.7 percent, to close at 2,671.52. Trade volume was moderate at 519.07 million shares worth 14.68 trillion won ($10.2 billion), with winners outnumbering losers 573 to 303. Institutions and foreigners bought a combined 1.17 trillion won wo
Feb. 19, 2025 -
Trump’s tariff policy fuels Temu’s expansion into Korea
Chinese e-commerce platform Temu is expanding its presence in South Korea, a move widely seen as in response to US President Donald Trump’s decision to end the small-parcel tax exemption for goods under $800 and impose an additional 10 percent tariff on Chinese imports. On Tuesday, Temu announced plans to introduce a "local-to-local" model in Korea and to recruit Korean sellers for its online marketplace. Moving beyond its existing model of selling mostly Chinese products through direct overseas
Feb. 19, 2025 -
![[Photo News] For work-life balance](https://wimg.heraldcorp.com/news/cms/2025/02/19/news-p.v1.20250219.6bf8ea5213984ae88eb2031d8b529ed3_T1.jpg?type=h&h=240)
[Photo News] For work-life balance
NH Nonghyup Bank CEO Kang Tae-young poses with children attending the lender's daycare center in Jung-gu, Seoul, Wednesday. The sign Kang holds reads: "NH Nonghyup Bank will take the lead in work-life balance!" which is the slogan for a relay challenge that the bank has been running to encourage work-life balance amid South Korea's low birth rates. (NH Nonghyup Bank)
Feb. 19, 2025 -
Who is Brian Koo, man behind Korea's $35b AI data center?
South Korea is set to become home to the world's largest artificial intelligence data center, spearheaded by a third-generation member of the LG Group, and attention is turning to the man leading the project. The project is reportedly led by Stock Farm Road, an investor group co-founded by LG heir Brian Koo, and Amin Badr-El-Din, founder and CEO of Jordan-based BADR Investments, according to The Wall Street Journal and industry sources Wednesday. As the eldest son of LS Group’s late founding cha
Feb. 19, 2025 -
LG Innotek drives growth in automotive semiconductor solutions
Korean electronic components manufacturer LG Innotek announced on Wednesday the launch of its automotive application processor module, designed to serve as the brain of in-car software. The AP module controls various electrical functions in smart vehicles, from advanced driver assistance systems to infotainment and digital cockpits, which have become essential in modern vehicle development. Aiming to begin mass production in the second half of this year, LG Innotek is actively promoting its AP m
Feb. 19, 2025 -
Cutting South Korea’s workweek to 35 hours may boost birth rate: study
To encourage couples to have more babies, South Korea should move toward a better work-life balance by reducing the standard workweek from 40 to 35 hours, a recent study suggests. The Gyeonggi Research Institute, in a report released Tuesday, linked South Korea’s declining total fertility rate -- which fell from 2.1 births per woman in 1983 to 0.72 in 2023 -- to a culture of overwork. World Bank data from 2022 put South Korea’s fertility rate at 0.78, the lowest of any recognized country. The GR
Feb. 19, 2025 -
Global chip market expected to surpass $1tr by 2030: Gartner
Samsung CTO says AI has 'much to learn' to match human brain The global semiconductor market is forecast to surpass an annual $1 trillion by 2030-31, backed by robust demand for advanced chips in artificial intelligence data centers and rising memory product prices, according to a market analysis on Wednesday. Delivering the market outlook at the Semicon Korea 2025 event, Gartner Vice President and senior analyst Gaurav Gupta also noted that sales of high-bandwith memory, the cutting-edge memory
Feb. 19, 2025 -
CJ CheilJedang debuts K-food at US military bases in Guam
South Korean food giant CJ CheilJedang has begun selling its Korean food products at US military bases in Guam, marking a strategic expansion to bring Korean food to the broader US military community. According to the company on Wednesday, a variety of K-food items have hit the shelves at commissaries within US military bases in Guam. The lineup includes 14 products across four categories: three types of dumplings, six varieties of tteokbokki, or spicy Korean rice cakes, three types of instant r
Feb. 19, 2025 -
HD Hyundai offers scholarships to children of shipyard accident victims
HD Hyundai HeeMang Foundation, a charity unit of Korean shipbuilding giant HD Hyundai, announced it granted its first scholarships to the bereaved children of shipyard workers who died while working. Three children were awarded college scholarships at a ceremony held Wednesday at the HD Hyundai Global R&D Center in Seongnam, Gyeonggi Province. Established last September following a 100 million won ($69,440) donation from HD Hyundai Chairman Kwon Oh-gap, the foundation aims to support the bereave
Feb. 19, 2025 -
Govt. to actively support ailing construction industry, provincial economy: acting president
Acting President Choi Sang-mok said Wednesday that the government will expand local development projects and buy unsold new homes in provincial regions in an effort to support the construction industry struggling with weak domestic demand. Choi rolled out the plan during a meeting meant to check people's livelihoods and the economy with relevant ministers, noting that South Korea is facing growing downside risks amid heightened uncertainties at home and abroad. "The Korea Land & Housing Corp. wi
Feb. 19, 2025 -
S. Korea to spend W42.5b on developing intl. standards for advanced technologies
South Korea will spend 42.5 billion won ($29.5 million) this year to develop international standards for cutting-edge technologies, such as artificial intelligence (AI), the industry ministry said Wednesday, a move partly aimed at ensuring the country's future global leadership in related sectors. The investment marks a 22 percent increase from the corresponding figure for 2024, according to the Ministry of Trade, Industry and Energy. The Korea Agency for Technology and Standards, a standards ag
Feb. 19, 2025 -
Celltrion to buy back W100b of stocks for enhanced shareholder value
Celltrion Inc., a major South Korean biopharmaceutical firm, said Wednesday it will buy back 100 billion won ($69 million) worth of its own stocks to boost its shareholder value. Celltrion will purchase 554,632 stocks during trading hours starting Thursday in its first share buyback of the year, the company said in a press release. The bio firm completed a buyback of about 2.94 million shares valued at 534.6 billion won in 2024. "The company prioritizes improving shareholder value alongside grow
Feb. 19, 2025 -
SK Chemicals to build major plastic recycling complex in Ulsan
SK Chemicals announced Tuesday that it will set up a comprehensive plastic recycling solution center at its plant in Ulsan. Under the initiative, the company will add a facility that chemically decomposes waste plastic to its existing plant, which has been producing eco-friendly plastics called copolyester. The new facility will produce recycled Bis(2-hydroxyethyl) terephthalate, or r-BHET, a material used to manufacture high-quality plastics. Upon completion in 2026, it will produce up to 50 to
Feb. 19, 2025 -
Korean TikTok users on rise despite data leakage worries
South Korean users of the popular short-video app TikTok are on the rise despite concerns over possible data leakage, an industry data tracker said Wednesday. The monthly active users of TikTok and TikTok Lite, which are owned by China-based ByteDance, reached 4.89 million and 4.79 million, respectively, in Korea last month, according to the data from industry tracker IGAWorks. TikTok Lite is a faster version of TikTok, designed for users who have less than 3 gigabytes of random access memory or
Feb. 19, 2025