SEOUL, Oct. 10 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, will jointly open an innovation center for research of artificial intelligence (AI) and cloud computing technologies with Microsoft Corp. next year, the Korean company said Thursday. The establishment of the Innovation Center comes as part of KT and Microsoft’s five-year partnership [...]
SEOUL, Oct. 10 (Korea Bizwire) — The Cabinet meeting on Thursday approved a new bill calling for tougher punishment for digital sex crimes using deepfake technologies. The revision of the sexual crimes punishment law calls for punishing people caught possessing, purchasing, storing or viewing deepfake sexual materials and other fabricated videos with up to three [...]
SEOUL, Oct. 10 (Korea Bizwire) — Japan interfered with South Korea’s marine research around its easternmost islets of Dokdo more than 70 times over a recent five year period, a lawmaker said Thursday. The hindrances to the research on climate change and the marine environment took place 75 times from 2019 to 2023, Hwang Hee, [...]
SEOUL, Oct. 10 (Korea Bizwire) — Qoo10 CEO Ku Young-bae attended a court hearing held on Thursday to determine whether to issue an arrest warrant on fraud and embezzlement charges related to his e-commerce group’s large-scale payment delays to vendors. Ku appeared at the Seoul Central District Court for his hearing, which will be shortly [...]
SEOUL, Oct. 10 (Korea Bizwire) — Weak domestic consumption and investment have hampered the South Korean economic recovery despite strong exports, a state-run think tank said Thursday. “The South Korean economy is experiencing limited improvement as the recovery of domestic demand, especially in construction investment, is delayed, despite favorable conditions in exports,” the Korea Development [...]
SEOUL, Oct. 10 (Korea Bizwire) — Foreign investors sold the largest amount of Korean stocks in over 3 years in September amid escalating geopolitical risks and skepticism over the artificial intelligence (AI) sector, central bank data showed Thursday. Offshore investors sold a net US$5.57 billion worth of local stocks last month, following $1.85 billion worth [...]
VIENTIANE, Oct. 10 (Korea Bizwire) — President Yoon Suk Yeol said Thursday that South Korea will double its cooperation funds with the Association of Southeast Asian Nations (ASEAN) to US$48 million by 2027 to support key projects in the region. Yoon made the pledge during a summit with ASEAN leaders in Laos after elevating South [...]
POHANG, Oct. 10 (Korea Bizwire) – The coastal city of Pohang in North Gyeongsang Province is actively pursuing Costco, the American multinational wholesale corporation, in a bid to boost its local economy and improve living conditions for its residents. However, the potential location of the store has become a topic of debate among citizens and officials [...]
SEOUL, Oct. 10 (Korea Bizwire) – Hyundai’s high-performance electric vehicle, the Ioniq 5 N, has received overwhelmingly positive reviews in a comparison test against Tesla’s competing model, according to a recent poll by a British automotive magazine. Car Magazine, a respected publication in the UK automotive press, released a YouTube video on September 18 featuring a [...]
SEOUL, Oct. 10 (Korea Bizwire) – Samsung C&T, a major player in South Korea’s construction industry, announced on October 9 the launch of its new building platform, Bynd, marking a significant step in the company’s expansion into digital space innovation. The platform integrates various services essential for commercial buildings, leveraging cutting-edge technologies such as generative artificial [...]