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Prosecutors appeal court acquittal of Kakao founder on stock manipulation charges
Prosecutors have appealed the recent court acquittal of Kim Beom-su, founder of tech giant Kakao Corp., on stock manipulation charges related to the company's takeover of K-pop agency SM Entertainment, officials said Tuesday. The Seoul Southern District Prosecutors Office recently filed an appeal against the not-guilty ruling on Kim, court officials said, claiming factual and legal misunderstandings behind the decision. Last week, the Seoul Southern District Court acquitted Kim, now head of Kaka
Oct. 28, 2025 -
Korea’s first homegrown air dome wows visitors at APEC
GYEONGJU, North Gyeongsang Province — Inside the green expanse of Gyeongju Expo Grand Park, a futuristic air dome buzzed with energy as Korea’s top companies unveiled their latest technologies at the K-Tech Showcase during the APEC CEO Summit on Tuesday. Built by local firm Field One, the massive air-supported pavilion stood as the centerpiece of the venue, blending tradition with innovation. Its white, balloon-like walls were adorned with dancheong-inspired colors and patterns — the traditional
Oct. 28, 2025 -
CJ ENM's K-pop platform Mnet Plus unveils major growth strategy
South Korea's entertainment powerhouse CJ ENM laid out an ambitious roadmap for its mobile-based K-pop content platform Mnet Plus on Tuesday, revealing plans to quadruple content investment while cementing its position in the global music landscape. Speaking at the company's Culture Talk event in Mapo-gu, Seoul, Kim Ji-won, senior vice president of Mnet Plus, revealed the service has surged to 40 million cumulative users since its 2022 launch, with monthly active users peaking at 20 million. The
Oct. 28, 2025 -
KT partners with Kyndryl to advance AI transformation business
South Korean telecom carrier KT Corp. said Tuesday it has signed an agreement with Kyndryl, the world's largest infrastructure services provider, to collaborate on KT's artificial intelligence transformation (AX) business. Kyndryl, which was spun off from IBM's infrastructure services division in 2021, designs complex IT systems and helps companies ensure stable operation of their infrastructure. It currently provides advisory, implementation and management services to thousands of customers in
Oct. 28, 2025 -
K-food exports hit record $8.5b on US demand, ramyeon boom
Korean food exports climbed to a record high of more than $8 billion in the first three quarters, underpinned by steady demand for instant noodles and increased shipments to the United States, data showed Tuesday. According to data released by the Korea Customs Service, exports of Korean food products totaled $8.48 billion during the January–September period, up 8.9 percent from the same period a year earlier. The figure marks a record high for the period, continuing a nine-year upward trajector
Oct. 28, 2025 -
S. Korea to 'swiftly' commence talks with ASEAN to improve existing FTA: ministry
South Korea will "swiftly" commence talks with the Association of Southeast Asian Nations, ASEAN, to discuss upgrading the free trade agreement, FTA, the two sides signed nearly 20 years ago, as part of efforts to expand their bilateral trade, the industry ministry said Monday. The Ministry of Trade, Industry and Resources unveiled the plan as President Lee Jae Myung wrapped up his two-day trip to Malaysia for the annual Korea-ASEAN summit, where he proposed launching negotiations to improve the
Oct. 27, 2025 -
Korea Forest Service highlights restoration leadership at UN meeting
The Korea Forest Service introduced its international forest cooperation initiatives at the 27th meeting of the Subsidiary Body on Scientific, Technical and Technological Advice of the UN, held in Panama from Oct. 20-24. At a side event, the KFS highlighted its Forest Ecosystem Restoration Initiative — a program launched under Korea’s leadership in 2014 — by showcasing its efforts to build restoration capacity in developing countries and emphasizing the need for international cooperation to prom
Oct. 27, 2025 -
SK hynix unveils next-gen NAND storage strategy at OCP 2025
South Korean memory chip maker SK hynix announced Monday that it has unveiled its next-generation NAND storage product strategy at the 2025 Open Compute Project Global Summit in the US, amid growing demand for large-volume data processing in the AI inference market. At the forum held in San Jose, California, from Oct. 13-16, the chipmaker introduced the "AIN (AI-NAND) Family" lineup of solution products to fulfill customer needs, optimized for AI processing. "Through OCP Global Summit and HBF Ni
Oct. 27, 2025 -
KAIST-born hair care brand Grabity makes US debut
A South Korean hair loss care brand developed by a team of scientists from Korea's top science and tech university, KAIST, has made its North American debut through Amazon, the company said Monday. Created by beauty startup Polyphenol Factory, Grabity’s flagship product — the Grabity hair lifting shampoo — features a patented ingredient called LiftMax 308, which forms a protective layer on hair to reduce damage and boost volume. Developed by KAIST chemistry professor Lee Hae-shin and his researc
Oct. 27, 2025 -
Hanwha strengthens global reach with LPGA event
The Hanwha LifePlus International Crown in South Korea concluded last week, with Team Australia claiming victory at the LPGA’s biennial women’s professional team golf tournament. Hanwha Life said Monday that the four-day event was held at Goyang New Korea Country Club from Thursday to Sunday, with Hanwha Group serving as title sponsor under its financial brand, Hanwha LifePlus. It marked the first time the tournament was held in Korea since 2018. The match-play event this year featured eight tea
Oct. 27, 2025 -
Mirae Asset revamps leadership to power AI-driven global expansion
Korean finance giant Mirae Asset Financial Group announced a massive reshuffle at the executive level Friday, signaling a shift toward next-generation wealth management with a focus on global expansion and artificial intelligence innovation. Managing assets of more than 1,000 trillion won ($695 billion), the group said the reshuffle aims to boost group-wide structural transformation in line with its growth strategy, highlighting global expansion, AI and digital innovation, and risk management. C
Oct. 26, 2025 -
Hyundai E&C becomes first Korean builder to design large-scale nuclear plants in US
Hyundai Engineering & Construction signed a front-end engineering design contract on Friday with Fermi America to build four large-scale nuclear power plants in the United States. This marks the first time a Korean company has been awarded a contract to design and construct large-scale nuclear power plants in the country. Fermi America, a private US energy developer, is leading a $500 billion project near Amarillo, Texas, to create the world’s largest private power grid supporting next-generatio
Oct. 26, 2025 -
Hana Bank launches Korea's first cross-border asset management center
Hana Bank has unveiled Korea’s first cross-border private banking hub, catering to the growing ranks of wealthy clients seeking global wealth management solutions, the lender said Friday. Located in Samseong-dong, Seoul, the Global Wealth Management Center brings together in-house experts and international partners to provide integrated consulting in areas ranging from living trusts, real estate and equities to international taxation and offshore residency planning. The move comes as Korean high
Oct. 24, 2025 -
Samsung foundry rebounds with big orders from Tesla, Apple, Nintendo
Samsung Electronics’ foundry business — once rumored for a potential spinoff amid a prolonged customer drought — is staging a strong comeback, securing major chip orders from global tech giants. In addition to a previous contract manufacturing deal with Tesla to produce the next-generation AI6 chip, Samsung has won orders for the electric vehicle maker’s AI5 chip, set for mass production in 2026. During Tesla’s third-quarter earnings call on Wednesday, Tesla CEO Elon Musk revealed that the forth
Oct. 24, 2025 -
Samsung Heavy Industries wins W341b shipbuilding deal, construction set for Vietnam
Korean shipbuilder Samsung Heavy Industries announced on Friday that it has secured a 341.1 billion won ($239 million) contract to build crude oil carriers, with construction planned at a Vietnamese shipyard as part of a strategy to expand its global operations. Under the deal, placed by a Liberian shipping company, Samsung will build three vessels. While the company has not disclosed the exact size of the ships, industry analysts suspect, based on the contract value, that they are likely to be
Oct. 24, 2025