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Hanwha Life, a leading Korean insurance company and subsidiary of Hanwha Group, announced Tuesday that its artificial intelligence research unit has been conducting a joint study with Stanford University's AI institute after signing a collaboration agreement. Launched in June, Hanwha Life AI Resea...
Young Poong’s bid to buy Korea Zinc has been met with concerns that the takeover of the world’s largest zinc smelter could erode its position in the global markets and cause high-tech supply disruptions. Industry watchers have cast doubt over the ability of Young Poong and private equity firm MB...
South Korean prosecutors raided the headquarters of Woori Bank on Monday as part of an ongoing probe into alleged improper loans linked to family members of former Woori Financial Group Chairman Son Tae-seung. The Seoul Southern District Prosecutors' Office searched offices at Woori Bank’s centra...
Hana Financial Group Chairman Ham Young-joo pledged to enhance wealth management services tailored to senior generations in Hong Kong, emphasizing the group’s global expertise and commitment to deepening ties between South Korea and the city’s financial sectors. Ham made the remarks during a mee...
Hyundai Rotem, South Korea’s sole tank manufacturer, announced Monday that it has signed a comprehensive cooperation agreement with Peru to advance plans for exporting armored vehicles to the country. The agreement, signed Saturday between Hyundai Rotem President Lee Yong-bae and Jorge Zapata, CE...
The forum’s importance was further underscored by a congratulatory message from Ban Ki-moon, former UN Secretary-General. Ban applauded the forum’s expansion into health care and resource collaboration. “This kind of cooperation is exactly what we need to address global challenges like energy se...
Luvsan Khurelbaatar, chairman of Mongolia’s Monos Group, shared details about the Silk Road Project, a long-term initiative in partnership with Korea’s Daegu Haany University. The project aims to enhance medical education, research, and production in Mongolia, with a particular focus on tradition...
Busan Mayor Park Heong-joon has called for a shift in South Korea’s development model, warning that the overconcentration of resources in the Seoul metropolitan area has created a national crisis. “The imbalance caused by unipolarity in the Seoul area is deepening South Korea’s critical challeng...
Despite these efforts, local officials acknowledge the challenges posed by erratic weather patterns, including decreased fruit size and delayed coloring. Meanwhile, subtropical crops are emerging as a potential alternative as Jeju’s climate grows warmer. The Agricultural Research Institute for Cl...
HD Hyundai Heavy Industries announced Monday that it signed a memorandum of understanding with state-operated shipyard SIMA Peru in Lima, Peru, last week to jointly develop submarines as part of the Peruvian Navy’s vessel replacement project. Through the partnership, HD Hyundai and SIMA will make...
Korean internet giant Naver said Monday that it has agreed to establish a joint venture with Saudi Arabia’s state-owned real estate development and investment company to operate and commercialize digital twin platforms in the 17th largest economy in the world. Naver and National Housing Company s...
LG Chem is ramping up efforts to strengthen ties with partner companies through a series of new initiatives to promote sustainable development across its supply chain, the firm said Sunday. The South Korean chemicals giant outlined five key strategies under its “Shared Growth Solutions” framewor...
Hana Financial Group's chief pitched the banking group's strategies to elevate its corporate value to overseas investors at an investor relations event in Hong Kong. Along with the chiefs of other top financial service providers in the country, Hana Financial Chairman Ham Young-joo attended the “...
By collaborating with Seoul's renowned whiskey venues like Sound Planet, V-Lounge, Pussyfoot Saloon and 232, Jefferson has strategically positioned itself among bourbon enthusiasts. Jefferson’s approach to the Korean market involves pairing its bourbon with local culinary traditions, a concept Zo...
Leveraging its experience in the Starlake City project, Daewoo E&C has crafted an integrated development model for Kien Giang, blending residential, commercial, educational, green and cultural elements into a cohesive urban plan. Looking ahead, the company is exploring opportunities in Indonesia, I...
Paper firms fined W30b for colluding on newsprint prices
Main opposition pushes to ease, not postpone, tax on crypto gains
Koreans' overseas investments exceed foreigners' local investments for the first time
Mercedes-Benz Korea helps startups expand globally
[From the Scene] Gigantic Olive Young store lures young trend-setters in Seongsu
Korean Air offers special flights for mileage users