Everyday happening in Pakistan and around
Rebellions, a South Korean chip designer, is said to have raised KRW 112bn ($86m) from global investors who, despite the absence of a product, were attracted to its vision of a new type of energy-efficient chip used solely for AI services, according to CEO Park Sung-hyun. The company subsequently launched its first AI hardware in […]
Samsung Electronics Chairman Lee Jae-yong visited China for the first time in three years and attended the China Development Forum in Beijing, where he met with heads of major tech firms including Apple CEO Tim Cook and Qualcomm CEO Cristiano Amon. They discussed various agendas, including global management issues, future industry trends and mid- to long-term cooperation. […]
The South Korean government has made progress in preventing violence in schools with more counselling centres and legal framework, but recent events, particularly the COVID-19 pandemic, have caused an increase in cases. Children have lost key opportunities to practice communication and relationships, leading to increased fear of going to school and societal reclusiveness. The number […]
Indonesia’s health minister, Budi Gunadi Sadikin, has pledged to support South Korean firms’ business expansion in Indonesia’s healthcare market. During a business session attended by executive members of Korea’s leading pharmaceutical and biotech firms, he said that Indonesia, currently the world’s fourth-most populous country has a fast-growing population that is expected to reach 300 million […]
The finance ministers of South Korea and Japan may hold a one-on-one meeting for the first time in seven years after President Yoon Suk Yeol’s visit to Japan. The two countries’ strained bilateral ties have shown signs of thawing after Seoul announced that a Seoul-backed foundation would compensate victims of wartime forced labour. The finance […]
Apple Pay has launched in South Korea with Hyundai Card as its first issuer. Apple’s mobile payment service saw 170,000 iPhone users register on its first day in the country. However, some obstacles remain, such as a lack of infrastructure, meaning Apple Pay cannot yet be used at stores such as South Korea’s leading franchise […]
South Korean startup Innospace has launched its Hanbit-TLV space rocket vehicle, which it claims is the world’s first successful hybrid rocket. Following three previously failed attempts, the Hanbit-TLV was launched from the Alcantara Space Center in Brazil on 21 March, and flew for around four and a half minutes before landing safely in Brazilian waters. […]
Daewoo Engineering & Construction is aiming to help other South Korean construction firms enter Iraq by leading a project to build the country’s largest port, Al Faw. The firm is currently constructing infrastructure and terminals at the port and is part of a consortium formed with Busan Port Authority and SM Line Gyeong-In Terminal. The […]
LG Electronics has unveiled its plans for ThinQ, a platform brand that caters to the needs of users looking to create a smart home. The aim, it claims, is to make life easier for consumers. The focus will be on three aspects: connectivity, advancement and openness. The blueprint was presented by Jung Ki-hyun, VP of […]
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 held since a merger with Posco Energy on January 1st. Han Jong-soo, an accounting and financial expert and Jeon Young-hwan, an engineering professor at Hongik […]
