Posco International holds 1st general meeting since merger
Jeong Tak has taken up the position of CEO at Posco International following a shareholder meeting at the company headquarters in Incheon, west of Seoul. The meeting was the first…
FTC vows to curb market power abuses by global tech giants
The Chairman of South Korea’s Fair Trade Commission, Han Ki-jeong, has pledged to protect Korean consumers from any negative impacts of the European Union’s Digital Market Act (DMA), which aims…
[CONTRIBUTION] Reviving Korea’s green legacy on International Day of Forests
On March 21, the international community celebrated the International Day of Forests. The UN General Assembly declared it to raise awareness of the importance of forests, which account for 31%…
[Herald Interview] Indiana lures Korean businesses with skilled workforce, hefty incentives
The US state of Indiana is looking to establish a liaison office in South Korea to reach out to Korean companies investing heavily in the electric vehicle (EV) market. Brad…
Kakao suspends AI chatbot service due to ‘massive’ popularity
Kakao Brain, a subsidiary of South Korean internet giant Kakao, has suspended its generative, AI-based chatbot service following technical glitches. Within a day of its open beta release, the Ddmm…
Nordic embassies discuss gender divide
The Nordic embassies in Seoul organised the 11th Nordic Talks Korea event on 8 March under the theme of Bridging the Gender Divide in Entrepreneurship. The event featured presentations by…
Samsung, SK hynix likely to suffer deficit in Q1 chip business
Semiconductor manufacturers Samsung Electronics and SK hynix are set to post first-quarter losses due to weakening chip prices and increased inventory, posing challenges for both firms. Inventory assets at Samsung…
HD Hyundai chairman wins top industrial honor
Hyundai Heavy Industries’ Chairman, Kwon Oh-gap, has been awarded South Korea’s highest state industrial award, the Gold Tower Order of Industrial Service Merit, for his contributions to the country’s shipbuilding…
[K-Financiers] Mastern aims to broaden US portfolio
Mastern America, the US-focused property investing arm of Korean firm Mastern Investment Management, will allow individual investors to plough cash into its portfolio. Although real estate investment has traditionally been…
Diplomacy urged to ease concerns over US CHIPS Act
South Korea’s semiconductor industry is under pressure to choose a side in the rivalry between the US and China as Washington announced requirements for its $52bn semiconductor funding program. The…