Dongwon launches AI-powered tuna vessel with drone technology
Dongwon Industries, Korea’s leading seafood conglomerate, has deployed a state-of-the-art 2,000-ton fishing vessel equipped with artificial intelligence (AI) and aerial drones to track tuna schools an...
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Major financial groups enjoy strong Q3 earnings, but face mounting regulatory pressure
Korea’s four largest financial groups — KB, Shinhan, Hana and Woori — have shown strong earnings for the third quarter of this year, posting a combined 5.76 trillion won ($4.31 billion) in net profit....
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Hyosung chairman calls for work culture overhaul on 60th anniversary
Hyosung Group Chairman Cho Hyun-joon called for a fundamental overhaul of work practices and a more resilient corporate culture, Thursday, urging employees to remain steadfast in pursuing their goals ...
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Hanwha Aerospace swings to Q3 net loss due to delayed weapons deliveries
Korean defense firm Hanwha Aerospace said Thursday it swung to a net loss in the third quarter, weighed down by delayed weapons deliveries and one-off costs. The company posted a net loss of 36.7 bill...
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KHNP, consortium fail to agree on Czech nuclear plant contract
Korea Hydro & Nuclear Power (KHNP) announced Thursday that it had ended negotiations with a consortium of Daewoo E&C and Doosan Enerbility over a construction contract for a 26 trillion won ($19.4 bil...
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Fines won't fix problem: Korea needs new playbook as AI changes hacking paradigm
Fines and stricter regulations are no panacea for a growing wave of suspected artificial intelligence (AI)-assisted cyberattacks targeting Korea's financial sector, a cybersecurity expert said Thursda...
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Global coffee brands to converge in Seoul for int'l cafe show
The 25th Seoul International Cafe Show will open Nov. 11 for a four-day run at Coex in Seoul. This year’s event aims to strengthen its position as a global coffee business platform, bringing together ...
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Mirae Asset to reenter Japan with acquisition of Sanko Securities
A decade after it exited the country, Mirae Asset Securities is set to reenter Japan through its acquisition of local brokerage Sanko Securities, as it looks to expand its presence in a market where r...
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Gimcheon hosts Korea's largest tuning car festival as custom vehicle market grows
The 2026 Korea Tuning Car Festival kicks off Friday for a two-day run at Gimcheon Sports Town in Gimcheon, North Gyeongsang Province, bringing together customized vehicles, off-road performance showca...
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Doosan Enerbility wins SMR supply deal from US firm NuScale Power
Doosan Enerbility Co. said Thursday it has secured a contract from U.S.-based small modular reactor (SMR) developer NuScale Power to supply a key reactor component, expanding their cooperation into co...
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KITA supports Korean consumer goods firms' foray into UAE, Morocco
The Korea International Trade Association (KITA) said Thursday it dispatched a delegation of Korean consumer goods companies to the United Arab Emirates and Morocco from Monday to Thursday to support ...
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Kolmar Korea develops powder skin care that melts into skin
Kolmar Korea, a cosmetics developer and manufacturer, said Thursday it has developed a hyaluronic acid powder that melts and is absorbed when rubbed onto the skin, the first such product in Korea. The...
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Krafton's chairman urges entrepreneurs to venture beyond comfort zone
Krafton Chairman Chang Byung-gyu urged aspiring entrepreneurs to venture beyond familiar territory, arguing that breakthroughs often begin when people abandon comfortable paths and embrace uncertainty...
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Hyundai Motor's Q3 operating profit rises 5.5% despite external challenges
Hyundai Motor posted modest growth in its operating profit for the third quarter, as stronger sales of higher-value vehicles, particularly hybrids, and favorable exchange rates helped offset productio...
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LG Uplus advances smartphone AI with breakthrough papers at top global conference
LG Uplus, one of Korea’s major telecommunications carriers, said Thursday that two of its research papers on making mobile artificial intelligence (AI) run faster while consuming less smartphone batte...
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SK Bioscience joins US-backed project to develop Bundibugyo Ebola vaccine
SK Bioscience will join global partners in a U.S. government-funded project to develop and produce a vaccine against the Bundibugyo virus, a strain of Ebola spreading in the Democratic Republic of the...
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Ananti Jeju opens new clubhouse blending architecture with 'gotjawal' forest
Ananti has opened a new clubhouse at Ananti Jeju, integrating "gotjawal," Jeju Island’s distinctive forest ecosystem shaped by volcanic terrain, into a contemporary architectural setting. Opened on Ju...
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Watchdog to fine Celltrion $469,000 over unfair subcontracting practices
Korea's antitrust watchdog said Thursday it will impose a 630 million-won ($469,000) fine on Celltrion Inc., a biotechnology firm, for unfairly canceling orders and failing to provide a subcontractor ...
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Gaon Cable wins $90 mil. cable order in US
Gaon Cable, a Korean power cable maker, said Thursday it has secured a 120 billion-won ($90 million) cable supply deal with a U.S. cloud company. LS Cable USA (LSCUS), Gaon Cable's U.S. manufacturing ...
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Renault Korea blends French design with Korean lifestyle
Renault Korea is combining French design sensibilities with Korean consumers’ practical needs, blending distinctive driving pleasure with spacious interiors, quiet cabins and advanced convenience feat...
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Samsung SDI swings to profit in Q3 on ESS battery demand
Samsung SDI returned to operating profitability in the third quarter of 2026, driven by strong demand for energy storage system (ESS) batteries and growing sales of small batteries for artificial inte...
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Rights commission calls for leniency for ex-Coupang workers indicted in 'blacklist' case
The Anti-Corruption and Civil Rights Commission has asked prosecutors to exercise leniency for two former Coupang workers accused of leaking company data to divulge allegations that the company mainta...
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Transactions of repo loans rise 3.16% in Q3
Transactions of repurchase agreement (RP) loans among financial institutions grew more than 3 percent in the third quarter from a year earlier, data showed Thursday. The combined turnover of RP loans ...
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Korea to conditionally ease diesel export restrictions amid stable crude supplies
Korea will ease export restrictions currently imposed on diesel starting in November on condition that domestic supply remains stable, the industry ministry said Thursday. The Ministry of Trade, Indus...
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Samsung Electronics' Q3 dividend jumps 12-fold, investors remain disappointed
Samsung Electronics will pay out 30 trillion won ($22.5 billion) in dividends for the third quarter, increasing its dividend per share more than 12-fold in a move to address the mismatch between its s...
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EVs on path to overcome chasm in Korea
Korea’s electric vehicle (EV) market is showing clear signs of crossing the chasm before mass adoption, as lower-cost models and surging fuel expenses make EVs increasingly attractive to consumers. Th...
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French food brands target health-conscious Koreans at Seoul showcase
French food and beverage brands gathered in Seoul to court health-conscious Korean consumers, with a record 19 companies taking part in Business France’s Food Experience 2026 exhibition at the French ...
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Fully decked out PROLED XDR MacBook Pro is more than P1M
Apple has recently announced the new MacBook Pro PROLED XDR Display that comes with something many users have been wanting — a touch screen. Available in 14- and 16-inch models, the new MacBook Pro wi...
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Tencent targets Southeast Asia as launch pad for AI agent WorkBuddy amid tough local market
Chinese tech giant Tencent Holdings is using Southeast Asia as a launch pad to take its “cost-effective” artificial intelligence tools global, fronted by its workplace assistant WorkBuddy, amid cutthr...
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Google launches its very own XR glasses, the Xreal Aura, in time for Christmas
The Android XR-powered glasses bring Gemini AI, virtual screens and immersive entertainment into a lightweight design, with shipments starting in mid-November....
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