Former UAE general Obaid Al Ketbi to keynote FAMS 2026

H.E. Obaid Al Ketbi, founder and CEO of Dr. O Group Holding and a former UAE major general, will visit Korea to attend the Future AI Mobility Summit 2026 on June 30 at the Korea Chamber of Commerce and Industry in Seoul. A veteran of the UAE military, government and diplomatic sectors, Al Ketbi spent 44 years in public service, including as chief of logistics for the UAE Armed Forces and a member of the Abu Dhabi Executive Council. He is best known internationally for helping build the Internati

2026-06-22 17:11:15:00

Toss Bank partners with Solana Foundation on blockchain remittances

Toss Bank said Monday it signed a memorandum of understanding with the Solana Foundation to explore blockchain-based financial infrastructure, becoming the first South Korean internet-only bank to partner with the organization behind the Solana network. The agreement focuses on developing next-generation cross-border payment infrastructure using blockchain technology. The two sides will conduct a phased proof of concept for international remittances on the Solana network, evaluate blockchain-bas

2026-06-22 15:24:58:00

LG Energy showcases AI data center power solutions in Europe

LG Energy Solution will showcase its battery-powered solutions for AI data centers at Electrical Energy Storage Europe 2026, highlighting its European manufacturing footprint and compliance capabilities as demand for AI infrastructure accelerates. The exhibition, which runs from June 23-25 at Messe Munich in Germany, is being held under the theme "Powering the Future of AI," reflecting growing interest in stable power infrastructure to support AI-driven growth. At the event, LG Energy Solution w

2026-06-22 11:41:20:00

Kumho Tire ramps up Europe push at Tire Cologne 2026

Kumho Tire highlighted its latest premium and future mobility tire technologies at the world's largest tire exhibition in Germany, underscoring its push to expand in the European market. The South Korean tiremaker participated in The Tire Cologne 2026 from June 9-11 in Cologne, Germany, Kumho said Friday. Under this year’s theme “Innovation to Build the Future,” Kumho presented a comprehensive lineup of products, including the ultra‑high‑performance tires ECSTA Sport S, ECSTA Sport, and ECSTA HS

2026-06-19 16:38:05:00

Hyundai Rotem secures electric train maintenance project in Morocco

Hyundai Rotem signed an agreement with Moroccan national railway operator ONCF on electric train maintenance on Thursday. Hyundai Rotem CEO Lee Yong-bae and ONCF Director General Mohamed Rabie Khlie participated in a signing ceremony held on the same day in Rabat, Morocco. Prior to the agreement, Hyundai Rotem had secured a 2 trillion won ($1.3 billion) electric car supply project from ONCF in February. The cars supplied by Hyundai will connect key areas in Morocco to Casablanca ahead of the 203

2026-06-19 13:06:37:00

Doosan, LG CNS link up for data centers, robotics and AI

Doosan Corp. said Friday it has signed a memorandum of understanding with LG CNS to secure global competitiveness in data centers, hydrogen drone logistics and the artificial intelligence and robot transformation sectors. Doosan Corp. President Yoo Seung-woo and LG CNS President Hyun Shin-gyoon participated in a signing ceremony held at LG Science Park in western Seoul, Thursday. Under the agreement, the two companies will partner on data center and cloud businesses. They are to establish a busi

2026-06-19 13:06:25:00

Gaon Cable rides US AI infrastructure boom

Gaon Cable, a subsidiary of LS Cable & System, said Thursday it has supplied transmission cables worth millions of dollars for a solar power grid project in the US, as surging artificial intelligence-driven electricity demand fuels investment in power infrastructure. The rapid expansion of AI data centers has intensified concerns over power shortages in the US, driving demand for new power generation facilities and grid upgrades. Industry observers expect investment in US energy infrastructure t

2026-06-18 15:05:45:00

Nongshim's Shin Ramyun heats up Mexico City

Nongshim is bringing Shin Ramyun to global consumers through a promotional campaign at Campo Marte 26, a monthlong cultural festival in Mexico City that began June 11 and runs to July 19. The festival combines food, cultural experiences, art exhibitions, concerts and public viewing events, attracting large crowds throughout the event period. Nongshim opened its first promotional booth on June 11, drawing about 4,000 visitors, and planned to launch a second booth Thursday to further boost awarene

2026-06-18 11:22:41:00

Foreign shoppers fuel Musinsa Seongsu's early success

The Musinsa Megastore Seongsu, which opened in April, surpassed 7 billion won ($4.6 million) in cumulative sales within its first 50 days. Purchases by foreign customers accounted for more than 3 billion won, or over 40 percent of total sales. The share of foreign shoppers has continued to rise. Between June 7 and June 13, overseas customers accounted for an average of 56 percent of purchases, peaking at 66 percent on June 9, underscoring the store's growing appeal among international visitors.

2026-06-17 17:19:31:00

ABL Bio secures FDA Fast Track for gastric cancer therapy

ABL Bio said Wednesday that the US Food and Drug Administration granted Fast Track designation to Givastomig (ABL111), its gastric cancer treatment candidate being jointly developed with NovaBridge Biosciences. The FDA's Fast Track program is designed to speed up the development and review of drugs that treat serious conditions and address unmet medical needs. Givastomig is a bispecific antibody that targets Claudin 18.2, a protein commonly overexpressed in gastric and pancreatic cancers, and 4-

2026-06-17 11:17:52:00