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US, China, Korea should work together against NK threat
With North Korea scaling up its nuclear and missile capabilities, the United States should consider taking higher policy risks to break the security deadlock and tamp down the communist regime’s proliferating threat, according to a former director at the White House’s National Security Council. Victor Cha, speaking at a forum in Seoul on Feb. 17, […]
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Samsung, Reliance Jio to connect rural India
Samsung Electronics said it will team up with India’s Long Term Evolution mobile operator Reliance Jio Infocomm to build more high-speed wireless communication networks in India’s remote regions as well as major cities. Tapping the rapidly growing telco market in India, South Korea’s tech giant clinched an exclusive deal with Jio in 2012 to supply […]
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Tensions rise amid possibility of clash between Park's supporters, opponents
Millions of people are expected to crowd the streets of Seoul Wednesday in a last push to oust or reinstate impeached President Park Geun-hye, leading to concerns about violence between the two groups. Park’s supporters and opponents have taken to the streets each Saturday since late last year as the Constitutional Court reviews the legality […]
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70 percent of Americans support long-term US military presence in S. Korea: survey
About 70 percent of Americans believe the US should have long-term military presence in South Korea, a survey showed Wednesday. The Chicago Council on Global Affairs survey, conducted jointly with research institutes in five other nations, also showed that 62 percent of South Koreans are supportive of long-term US military presence in their country. “The […]
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Young Koreans given various incentives to have more babies
Kang Mi-ok received 2 million won ($1,700) from a rural county in central South Korea in August. The money was meant to promote the birth of a fourth baby. She is set to receive another 8 million won in installments by 2020 from Cheongyang County, South Chungcheong Province, to help her raise the baby. “It’s […]
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Naver invests in European AI
Naver is expediting its development of voice-recognition artificial intelligence (AI) technologies. Global IT giants such as Google, Amazon, Apple and Microsoft are heavily investing in researching and developing AI systems that recognize human voices and understand natural languages. The nation’s largest internet service provider is also seeking partnerships with an advanced audio technology provider in […]
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Alipay opens first overseas customer center in Korea
Alipay, China’s largest online payment service provider, opened its first-ever overseas customer center here in Seoul on Tuesday, a move that will help boost the Chinese firm’s market presence while also helping to attract more Chinese visitors to the country, a local trade agency said. The Alipay service center is located at Seoul’s COEX exhibition […]
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Samsung BioLogics to begin IPO process this week
Samsung BioLogics, a contract manufacturer of biologic drugs under Samsung Group, will apply for preliminary approval to begin its initial public offering process this week, the Korea Exchange said Monday. The South Korean drugmaker plans to submit its application to pursue am IPO on the country’s main bourse KOSPI on Thursday, the KRX said. Under […]
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First gold comes from men's archery; Judoka takes surprise silver
South Korea wasted little time picking up its first gold of the Rio de Janeiro Olympics, as the men’s archery team came out on top on the first day of the competition Saturday. The trio of Kim Woo-jin, Ku Bon-chan and Lee Seung-yun defeated the United States team of Brady Ellison, Zach Garrett and Jake […]
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Korean exporters still face growing protectionism
South Korean companies are confronted with growing trade barriers in overseas markets as major economies toughen import rules amid a protracted economic slowdown, industry sources said Wednesday. As of the end of July, South Korean products were affected by 179 anti-dumping measures, safeguards and other import regulations worldwide, according to the sources and the state-run […]
