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Korea Advances AI Hardware with Glass Substrates
BusinessKorea Herald4h ago

Korea Advances AI Hardware with Glass Substrates

LG Innotek CEO Moon Hyuk-soo announced that Korea has largely completed development of glass substrates for AI hardware, though some challenges remain before mass production. This technology is seen as Korea's next major bet in the AI sector.

Seoul Celebrates Annual Queer Culture Festival
CultureThe Guardian23h ago

Seoul Celebrates Annual Queer Culture Festival

Tens of thousands of people have gathered in central Seoul to celebrate the city’s annual queer culture festival, filling the streets with rainbow colors and promoting visibility for the LGBTQ+ community.

Italy and South Korea Strengthen Bilateral Cooperation
WorldhotnewsKorea Heraldchannel-news-asia1d ago3 sources

Italy and South Korea Strengthen Bilateral Cooperation

Italian Prime Minister Giorgia Meloni and South Korean President Lee agreed to deepen ties during their meeting in Rome. The two nations are set to enhance cooperation across various sectors.

Jay B Releases Introspective Third EP 'Tr.ee'
CultureKorea Herald2d ago

Jay B Releases Introspective Third EP 'Tr.ee'

Jay B has released his third solo EP, 'Tr.ee,' a six-track project that combines his favored R&B sound with an introspective exploration of growth and relationships, continuing his chosen musical path.

Busan Prepares for BTS Homecoming Concert
CultureKorea Herald3d ago

Busan Prepares for BTS Homecoming Concert

Busan is making extensive preparations for the homecoming concert of K-pop sensation BTS, with temples, churches, citizens, and city officials all contributing to the effort. Fans are encouraged to visit various spots associated with the group in the city.

Shinhan Financial Group to Write Off W500 Billion in Bad Debt
BusinessKorea Herald4d ago

Shinhan Financial Group to Write Off W500 Billion in Bad Debt

Shinhan Financial Group announced plans to write off 500 billion won ($328 million) in delinquent debt this year. The group will also provide 4.5 trillion won in financing for vulnerable borrowers and small businesses as part of a 5 trillion won social finance initiative.

SK Group to Host New AI Strategy Forum
BusinessKorea Herald4d ago

SK Group to Host New AI Strategy Forum

SK Group announced it will convene senior executives and employees for a three-day forum this week, focusing on accelerating the conglomerate's advancements in the era of artificial intelligence.

Bank of Korea Governor Signals Timely Interest Rate Hike
Businessnaftemporikichannel-news-asia2d ago2 sources

Bank of Korea Governor Signals Timely Interest Rate Hike

The Bank of Korea governor announced that interest rates would be raised 'on time,' indicating an anticipated increase in borrowing costs. This statement suggests a proactive monetary policy response to economic conditions.

South Korean Local Elections Reveal Trends
WorldKorea Herald2d ago

South Korean Local Elections Reveal Trends

Local elections for mayors, governors, and legislators were held in South Korea on June 3. These elections are being analyzed to determine if they reveal emerging trends or confirm existing patterns in the country's democratic landscape.

South Korea Fines E-commerce Giant Coupang Record $410 Million for Data Breach
BusinessBBCNYTFT+10Al Jazeerale-figaroSCMPKorea Heraldchannel-news-asianewsbeastseeking-alphaBangkok Post+2 more2d ago13 sources

South Korea Fines E-commerce Giant Coupang Record $410 Million for Data Breach

South Korea has imposed a record-breaking fine of $410 million on e-commerce giant Coupang following a massive data breach that affected millions of customers, with reports detailing the fine was issued for a November 2025 incident.

US Approves $292 Million Missile Sale to South Korea
WorldKorea Herald3d ago

US Approves $292 Million Missile Sale to South Korea

The United States has approved a potential sale of advanced air-to-air missiles, valued at $292 million, to South Korea. This deal includes the AMRAAM missiles, enhancing South Korea's aerial defense capabilities.

Samsung, SK hynix eyed for chip investment in Korea's southwest
BusinessKorea Herald3d ago

Samsung, SK hynix eyed for chip investment in Korea's southwest

Samsung Electronics and SK hynix are being considered as potential investors for new semiconductor facilities in Korea's Honam region, raising hopes for the area to host its first major chip production base, despite both companies stating no such plans exist yet.

Two Workers Die in Busan Apartment Balcony Collapse
WorldKorea Herald3d ago

Two Workers Die in Busan Apartment Balcony Collapse

Two workers in their 40s died after falling from the 11th floor of an apartment building in Busan, South Korea, when a balcony railing gave way during the installation of an outdoor air-conditioning unit.

India and South Korea to expand economic partnership
PoliticsKorea Herald3d ago

India and South Korea to expand economic partnership

India's ambassador to Seoul stated that South Korea and India should deepen economic cooperation in emerging sectors such as semiconductors, shipbuilding, clean energy, and critical minerals, highlighting growing opportunities for Korean businesses.

Global Markets Fall Amid US Tech Slide and Iran Tensions
WorldNHK WorldKorea Herald3d ago2 sources

Global Markets Fall Amid US Tech Slide and Iran Tensions

Global stock markets, including Seoul shares, opened sharply lower due to a slide in US tech stocks and renewed concerns over escalating tensions with Iran. The Japanese stock market also saw a significant drop.

KEF Chief Urges Labor Reform to Address AI Challenges
BusinessKorea Herald3d ago

KEF Chief Urges Labor Reform to Address AI Challenges

Sohn Kyung-shik, chairperson of the Korea Enterprises Federation, called for labor market reforms and stronger labor-management cooperation at the International Labor Organization to help businesses adapt to the artificial intelligence era.

Protests and Investigation into South Korea's Ballot Shortages
PoliticsKorea Herald4d ago

Protests and Investigation into South Korea's Ballot Shortages

Protesters are demanding a revote over ballot shortages during local elections, blockading a vote counting center for the sixth day. An investigation revealed that the election watchdog reduced the number of ballots without a formal review process, raising questions about procedural lapses.

South Korea Considers School-Wide Smartphone Ban
TechnologyKorea Herald4d ago

South Korea Considers School-Wide Smartphone Ban

A proposal to ban smartphones in South Korean schools for the entire day, including breaks, is gaining attention, particularly in Gyeonggi Province. Many schools already limit phone use during class, but this new measure would extend the ban.

South Korea's Booming Stock Market Attracts New Investors
BusinessAl Jazeeraactualite-cd4d ago2 sources

South Korea's Booming Stock Market Attracts New Investors

South Korea's stock market is experiencing a significant boom, drawing in a new generation of novice investors in a country where property investment has traditionally been the dominant choice. This trend is highlighted by reports of a booming market minting new investors.

Coupang Shares Rally After Record Fine Over Data Leak
BusinessKorea Herald4h ago

Coupang Shares Rally After Record Fine Over Data Leak

Shares of US-listed e-commerce giant Coupang Inc. surged after South Korea's privacy regulator imposed a record fine for a massive customer-data leak, with investors viewing the penalty as resolving a six-month uncertainty.

Hanwha Galleria Extends Talks to Sell Five Guys Korea Stake
BusinessKorea Herald5h ago

Hanwha Galleria Extends Talks to Sell Five Guys Korea Stake

Hanwha Galleria has extended exclusive negotiations with H&Q Equity Partners regarding the sale of its stake in Five Guys Korea. The retail arm of Hanwha Group renewed a memorandum of understanding to continue discussions on the potential deal.

SK hynix adds over 2,000 positions amid AI boom
BusinessKorea Herald6h ago

SK hynix adds over 2,000 positions amid AI boom

SK hynix Inc. expanded its workforce by more than 2,000 positions last year, driven by the surging demand for memory chips fueled by the global artificial intelligence boom, despite an overall slowdown in the job market.

Seoul Stocks Surge on Hopes for End to Mideast Crisis
TechnologyKorea Herald1d ago

Seoul Stocks Surge on Hopes for End to Mideast Crisis

Seoul stocks saw a significant rise of over 4 percent, with the benchmark Korea Composite Stock Price Index closing up 359.67 points, as investors reacted positively to hopes for a swift resolution to the crisis in the Middle East.

Seoul AI Foundation and MIT Discuss People-Centered AI City
PoliticsKorea Herald3d ago

Seoul AI Foundation and MIT Discuss People-Centered AI City

The Seoul AI Foundation and researchers from the Massachusetts Institute of Technology (MIT) are discussing how artificial intelligence can be utilized to create a people-centered city, addressing challenges such as aging populations and social isolation.

Won Slide Prompts Scrutiny of Offshore NDF Trading
BusinessKorea Herald4d ago

Won Slide Prompts Scrutiny of Offshore NDF Trading

Following Korean retail investors' interest in US stocks and overseas investors reducing exposure to Korean equities, authorities are now focusing on offshore NDF trading as a potential factor behind the won's sharp depreciation.