Generative artificial intelligence (AI) startup Wrtn Technologies will participate as a main sponsor of this year's G-STAR next week, the company said on Friday. At the country's largest game exhibition, which kicks off its four-day run on Nov. 19 at BEXCO in Busan, the startup will promote its AI entertainment platform "Crack" through exhibitions and presentations featuring interactive content creation zones and a large LED display. The main-stage
The United States no longer needs a deal with Iran, President Donald Trump said Thursday on Truth Social, directing Vice President JD Vance, the lead negotiator, to focus instead on alleged corruption in Democrat-run cities. “We’ve got their money, Hundreds of Billions of Dollars, and we’ve got their Strait,” Trump wrote, referring to the Strait of Hormuz.
A fire at a chemical factory in Geumcheon, southwestern Seoul, was extinguished early Thursday, about two hours and 35 minutes after breaking out at 2:24 a.m., according to fire authorities. Firefighters deployed about two dozen vehicles and some 88 personnel to put out the blaze at 4:59 a.m. Four people including factory employees, evacuated on their own, with no injuries reported. The fire damaged three floors of the building, covering about 100 square meters. Pol
South Korea has raised concerns at the World Trade Organization (WTO) over foreign technical regulations that could increase costs for exporters and restrict market access for key industries, including semiconductors, batteries, steel and petrochemicals, the Ministry of Trade, Industry and Resources said on Friday. At the WTO's latest Technical Barriers to Trade (TBT) Committee meeting in Geneva, Switzerland earlier this week, Seoul sought changes to several Europe
South Korean stocks rose more than 2 percent despite the departure of Jensen Huang as CEO of Nvidia, whose exponential buildout and growth have helped lift Korean chip shares. The main KOSPI was up 2.45 percent at 5,471.53 and the junior KOSDAQ gained 2.34 percent to 713.24 as of 9:20 a.m. Bellwethers SK hynix rose 2.87 percent and Samsung Electronics gained 2.28 percent to 212,300 won as investors were relieved of some uncertainty over the future of the premier AI c
About 10 logistics companies and 23 technology firms is set to gather in Seoul on Friday to explore partnerships in artificial intelligence (AI), robotics and automation, according to the Ministry of Land, Infrastructure and Transport. The event will feature technology presentations, case studies and one-on-one business consultations, connecting logistics companies with technology providers to test new solutions at worksites and explore their commercialization. Discuss
Bank lending remains heavily concentrated in real estate, while funding for corporate investment is losing momentum. According to financial sources on Friday, housing-related loans at five major banks reached 623.03 trillion won (US$466 billion) at the end of October, up 1.9 percent from December last year, while loans to real estate and leasing businesses rose 3.4 percent year-on-year to 223.19 trillion won at the end of June, accounting for about 26 percent of corpor
South Korean automakers are returning to the plug-in hybrid electric vehicle (PHEV) market after nearly a decade, hoping to tap niche demand as sales recover. According to industrial sources on Friday, GM Korea is expected to begin full-scale sales of the Buick Electra E7 as early as this month, while KG Mobility plans to unveil its PHEV-equipped midsize SUV, the SE10, in January next year. Domestic PHEV sales, which peaked at 19,701 units in 2021 before declining f
Shares fell sharply Friday as Seoul weighed the aftereffects of the exit of Nvidia CEO Jensen Huang. Shares of Samsung Electronics plunged 5 percent and SK hynix 8 percent as foreigner sold off a net 300 billion won ($280 million.)