[Photo News] LG, Guggenheim celebrate art

Artworks by Kim A-young, the first Korean to win the LG Guggenheim Award, are being showcased on public signage in Times Square, New York, from Monday through May 25, LG said Tuesday. A video featuring Kim’s “Delivery Dancer” series and celebrating her award is expected to be seen by about 10 million people while on display, according to the company. (LG)

April 29, 2025

Jusung Engineering adopts 3-CEO system in succession push

Jusung Engineering, a first-generation chipmaking equipment company in Korea, is transitioning from a single-CEO to a three-CEO structure, signaling a strategic push for leadership succession. The company announced Monday that its board has approved a plan to divide the CEO role, previously held solely by founder Hwang Chul-joo, into three distinct areas: research and development, sales, and strategy. Under the new leadership structure, Chairman Hwang will oversee all R&D activities, with a focu

April 29, 2025

Samsung Display unveils brand identity for QD-OLED tech

Samsung Display said Tuesday that it has unveiled a new brand identity for its quantum dot organic light-emitting diode technology, and is preparing to file a trademark application for it. The brand identity visualizes the letter “Q” from QD-OLED, incorporating a blue hue representing the blue OLED material and a gradient that symbolizes the technology’s expansive color spectrum. First introduced in late 2021, QD-OLED technology has been recognized for delivering superior picture quality compare

April 29, 2025

S. Korea to devise long-term strategy to commercialize autonomous vessel technology

South Korea will set up a long-term strategy this year to commercialize autonomous marine vehicle technology as part of efforts to innovate the shipping industry, the oceans minister said Tuesday. "Autonomous ships utilizing cutting-edge digital technologies, such as artificial intelligence, will play a significant role in improving maritime safety and reducing carbon emissions of the shipping industry," Oceans Minister Kang Do-hyung said in the inaugural meeting of a new policy committee on suc

April 29, 2025

LS Marine wins first overseas subsea cable deal for Taiwan wind project

LS Marine Solution announced Monday that it has secured a $15.8 million contract to install subsea cables for Taiwan Power Company’s offshore wind project, marking its first overseas order in the power grid sector. It is also the first time a Korean company has bagged an international subsea cable installation project. According to LS Marine, the project is part of the TPC wind farm’s phase 2 initiative, with a generation capacity of 294.5 megawatts. It is a core project within the Taiwanese gov

April 28, 2025

Acting president orders government to check SK Telecom's response to data leak

Acting President Han Duck-soo on Sunday instructed the government to check the adequacy of SK Telecom Co.'s response measures for a potential major leak of universal subscriber identity module data. On April 18, SK Telecom detected signs of a massive leak of customers' USIM data due to a cyberattack, prompting the company to announce Friday that it would replace the USIMs of all of its 23 million users. Han instructed the Ministry of Science and ICT to "closely" inspect the company's response me

April 27, 2025

Naver, Kakao bolster map services to counter Google’s data export push

As Google seeks regulatory approval to export high-precision map data from Korea, local IT giants Naver and Kakao are ramping up their efforts to reinforce their map services -- both in functionality and user experience -- in a strategic push to defend their home turf. “Google appears to be taking an aggressive stance. Coupled with the trade tensions sparked by the Donald Trump administration in the US, the situation has become challenging for local companies. Domestic map application developers

April 27, 2025

75 months, zero defects: Hanwha pitches for US military upkeep role

CHANGWON, South Gyeongsang Province — A board stood tall near the entrance of Hanwha Aerospace’s aircraft engine maintenance, repair and overhaul plant in Changwon, South Gyeongsang Province, Thursday afternoon. On it, a sign in the top right corner read “75 months of zero defects in a row.” The no-fault duration, which equates to six years and three months, served as a reminder highlighting the reliability and expertise of Hanwha Aerospace’s aircraft engine MRO business over the years. As the K

April 27, 2025

Seoul, Washington lay groundwork for tariff relief deal by July

South Korea and the US have agreed to work toward a “July Package," a comprehensive package deal aimed at eliminating US tariffs on Korean exports before July 8, when the 90-day grace period on US "reciprocal tariffs" expires, according to Korea’s top officials on Friday. The agreement came during a “2+2” trade meeting in Washington on Thursday, between South Korean Deputy Prime Minister and Finance Minister Choi Sang-mok, Industry Minister Ahn Duk-geun and their US counterparts, Treasury Secret

April 25, 2025

SK Networks debuts robotics brand NamuhX ahead of July launch

SK Networks, the IT solutions unit of SK Group, on Wednesday launched its new robotics brand NamuhX, unveiling plans to debut its first wellness robot in July. Major clients, development partners and media attended the showcase event in Seoul, which began with congratulatory video messages from global figures including Vivek Ranadive, chairman of Bow Capital and owner of the NBA’s Sacramento Kings, and Son Tae-jang, chairman of Mistletoe and a founding member of SoftBank and Yahoo Japan. SK Netw

April 25, 2025

Foreign gaming companies must appoint local reps in Korea under new law

Foreign-based game companies in South Korea will be required, starting later this year, to designate a domestic representative for legal compliance with gambling-related statutes and other rules, if they grow to a certain size in terms of sales or number of users. The change is in line with a revision of the Game Industry Promotion Act, set to take effect on Oct. 23, according to the Ministry of Culture, Sports and Tourism. Companies subject to this measure will be notified individually, the min

April 24, 2025

SK hynix posts stellar Q1 earnings, fueled by AI growth

SK hynix posted its second-highest quarterly operating profit of 7.44 trillion won ($5.2 billion) for the January-March period this year, up 158 percent on-year. Achieving the record performance during the seasonal slowdown, the memory chip maker attributed its success to robust demand for high-value artificial intelligence chips and stockpiling ahead of anticipated US tariffs. A leading supplier of the popular high bandwidth memory chip, SK hynix reported Thursday that it has recorded quarterly

April 24, 2025

Go big or go home: Presidential hopefuls pledge mega AI investments

In South Korea’s heated race for the early presidential election June 3, artificial intelligence has become the latest buzzword. Candidates are vying to outbid one another with eye-popping investments and grand promises, each casting themselves as the ideal leader for the new era. From a “Korean-style ChatGPT” to mandatory military service exemptions for tech talent to ambitious plans to nurture the next Nvidia or Palantir, candidates from the rival main parties on both sides of the aisle are ro

April 23, 2025

South Korea seeks tariff relief in high-level trade talks with US

South Korea's finance and trade ministers are set to hold high-level talks with their counterparts in the US' Trump administration on Thursday, aiming to ease tariff-related tensions and address broader trade concerns. Upon arriving at Washington Dulles International Airport on Tuesday (local time), Deputy Prime Minister and Finance Minister Choi Sang-mok said the talks would focus on promoting mutual understanding. "I plan to actively explain Korea's position while listening to the concerns of

April 23, 2025

The Asia Group launches Seoul office, citing Korea’s global strategic role

The Asia Group, a US-based strategic and investment advisory firm, launched a new office in Seoul this week to serve the growing number of high-potential clients with investment power in Korea. “Establishing a strong on-the-ground presence in Seoul underscores TAG’s long-term strategic commitment to the region,” said TAG Chairman and Co-Founder Kurt Campbell, who visited Seoul from Tuesday to Wednesday. “South Korea’s role as a global innovation leader and strategic player in Northeast Asia make

April 23, 2025