Massive Payout: South Korea Slapped with $108.5 Million Penalty for Samsung Merger
South Korea has been ordered by the International Centre for Settlement of Investment Disputes to compensate hedge fund Elliott approximately ...
Tag: South Korea
South Korea Considers Revising Password Replacement Rule to Enhance Data Privacy
The South Korean government is considering revising the regulation that mandates personal information handlers to change their passwords every six ...
LG Electronics and Seoul Metropolitan Govt Drive Forward Traffic Safety with V2X Solutions
LG Electronics, in partnership with the Seoul Metropolitan Government, has recently implemented an advanced accident prevention system in school zones ...
Ministry of SMEs and Startups hosts a “Regulation Breaking” event at Korea Bio Park in Pangyo
South Korea’s Ministry of SMEs and Startups (Minister Lee Young, hereinafter referred to as MSS) hosted a conference called “The ...
Quantum Korea 2023: Korea to announce quantum vision and development plan
The Ministry of Science and ICT of South Korea has recently announced that the international event 'Quantum Korea 2023' is ...
SK Hynix Unveils the Fastest DDR5 Memory Chips in Collaboration with Intel
SK Hynix, the Korean memory chip giant, announced the completion of developing its fifth-generation DDR5 DRAM based on 10-nm process ...
Naver Expands Global Reach with AI Model for Foreign Governments
South Korea's leading internet search engine, Naver, is gearing up to provide customized versions of its latest artificial intelligence model ...
South Korea to ease regulations for data-driven healthcare startups
South Korea is planning to nurture the biotechnology industry as a new economic growth engine. Choo Kyung-ho, Korea’s Finance Minister, ...
SK Telecom, KT Corp., and LG Uplus Hit with $25.4 Million Fine for Misleading 5G Speed Claims
South Korea's antitrust regulator, the Fair Trade Commission (FTC), has imposed a combined fine of 33.6 billion won ($25.4 million) ...
Google, Microsoft Threaten Naver’s Dominance as Search Market Share Declines
Naver Corp., the longstanding leader in the Korean search engine market, faces increasing competition from global tech giants like Google ...
Naver Webtoon’s Toon Filter Records 20mn Global Image Conversions
South Korea's largest webtoon platform, Naver Webtoon, has announced the upcoming launch of an English version of its AI art ...
South Korea’s technology exports fall, creating a trade deficit of $4.3 billion
South Korea's trade deficit reached $4.3 billion in the first 20 days of May. According to Korea Customs Service, a ...
Samsung and LG to Collaborate to Produce OLED displays
Samsung Electronics and LG Display have reportedly reached an agreement to collaborate on organic light-emitting diode (OLED) displays, marking a ...
LG Electronics Unveils LG CreateBoard Series for Digital Learning in Education
LG Electronics has recently unveiled its latest offering, the LG CreateBoard series, in an attempt to transform the education sector. ...
NAVER’s ZEPETO Avatars to Get Smarter with Integration of Google’s PaLM 2
NAVER Z, the operator of the virtual world platform ZEPETO, has announced plans to expand the use of ZEPETO avatars ...
Hyundai Motors’ First EV-Dedicated Factory in Korea to Open Soon
South Korean automaker Hyundai Motor Co has announced that it has invested KRW 2 trillion ($1.5 billion) to build an ...
Hyundai Motor Group partners with IGIS Asset Management to develop robot-friendly smart Buildings
Hyundai Motor Group has partnered with IGIS Asset Management to develop modern and intelligent workplaces that provide diverse conveniences, leveraging ...
Samsung Galaxy Watch to debut Irregular Heart Rhythm Notification feature in upcoming One UI 5 Watch update
Samsung has received FDA clearance for its Irregular Heart Rhythm Notification (IHRN) feature on the Galaxy Watch. The feature aims ...
K-Startup Grand Challenge 2023: Deadline for applications approaching for global startups to join South Korea’s most prominent acceleration program
The  K-Startup Grand Challenge (KSGC), an all-paid 15-week residency for deep tech startups, is accepting applications until May 18, 2023, ...
Semiconductor, automobile and other factory output goes up by 5.1 percent in Korea
South Korea's factory output observed a 5.1 percent rise in March. Statistics Korea, the official statistics generator of South Korea, ...
