Court Trial Heats Up: Kakao Founder Faces Prison over Controversial SM Deal
South Korean prosecutors have requested a 15-year prison sentence and a 500 million won ($360,000) fine for Kim ...
Tag: government
Korea Picks Five National Champions to Lead Sovereign AI Push
South Korea has chosen five major tech players to lead the creation of domestic artificial intelligence (AI) foundation models, ...
KT to Equip Korean Police with AI-Powered Bodycams in $14M Public Safety Push
KT, one of South Korea’s leading telecom providers, has signed a 19.5 billion won ($14.1 million) contract with the National ...
Hyundai Motor Named Official Mobility Partner for 2025 APEC Energy Summits
Hyundai Motor Group has been selected as the official mobility partner for a trio of major international energy summits set ...
KT to Build AI Platform for South Korea’s Supreme Court Using Mi:dm 2.0
KT has announced that it will begin building an artificial intelligence (AI) platform designed to support the Supreme Court’s trial ...
‘One Team’ Strategy: Lee Meets Hyundai, LG Leaders to Tackle Trade and Investment
South Korean President Lee Jae-myung recently met with top executives from Hyundai Motor Group and LG Group to discuss key ...
New Finance Minister Koo Yun-cheol to Lead South Korea’s AI Push
South Korea’s newly appointed finance minister, Koo Yun-cheol, is expected to take the lead in driving the country’s artificial intelligence ...
President Lee Appoints Industry Veterans to Lead South Korea’s AI Push
South Korea’s President Lee Jae-myung has nominated Bae Kyung-hoon, the head of LG AI Research, as the new Minister ...
South Korea Unveils Bold Plan to Train 30,000 Aerospace Experts by 2045
South Korea has introduced a plan to strengthen its aerospace workforce by increasing the number of trained specialists from 300 ...
South Korea Leads APEC 2025 Agenda with Focus on AI and Demographic Shifts
Senior officials from APEC member economies have convened in Gyeongju to set key priorities for 2025, focusing on regional connectivity, ...
Kakao Pay Fined $5.8 Million for Unauthorized User Data Transfer
Kakao Pay has apologized to its customers following a personal information breach. The company was fined 8.3 billion won (US$5.8 ...
Minister Ahn’s U.S. Visit: Strengthening Tech and Trade Ties Amid Policy Shifts
South Korea's Minister of Trade, Industry, and Energy, Ahn Duk-geun, is set to visit the United States from January 6 ...
Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform
South Korea's Fair Trade Commission (KFTC) has levied a $10.5 million (KRW 15.1 billion) fine on Kakao Mobility, the ride-hailing ...
South Korea to Boost Exports of Cooling Systems for Data Centers as AI Demand Soars
Industry Minister Ahn Duk-Geun announced that the country aims to make the data center cooling equipment sector a key driver ...
South Korea Unveils $10 Billion Plan to Support Semiconductor Industry
The South Korean government has announced a series of measures to strengthen the domestic semiconductor ecosystem to address the national ...
SK C&C Launches AI-Driven Digital SHE Consulting Service for Enhanced Workplace Safety and Compliance
SK C&C has launched a new service that integrates artificial intelligence (AI) and digital transformation (DX) technologies to manage safety, ...
FTC Imposes 72.4 Billion Won Fine on Kakao Mobility Over Antitrust Violations
South Korea's Fair Trade Commission (FTC) has imposed a fine of 72.4 billion won ($54.9 million) on Kakao Mobility, the ...
Government Inspects Naver, Calls for Better Disaster Management
Naver, one of South Korea's leading tech companies, has received its first corrective order from the government for inadequate measures ...
South Korea to Invest $14.5M in Blockchain Innovation Across Public and Private Sectors
South Korea plans to invest 20 billion won (approximately $14.5 million) in a blockchain support project to enhance the local ...
Cryptocurrency Excluded from South Korea’s Amended Donation Laws
South Korea has recently updated its donation legislation, but the amended laws exclude digital currencies like Bitcoin to be used ...