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  • Xiaomi Launches Smart Band, Watch, and AIoT Products in South Korea
    Xiaomi Launches Smart Band, Watch, and AIoT Products in South Korea Xiaomi is expanding its artificial intelligence of things (AIoT) product lineup in South Korea with the launch of smart bands, smartwatches, wireless earbuds, and home cameras. The company is focusing on building an ecosystem that connects wearables, audio devices, and smart home products rather than just selling individual devices.Starting July 24, Xiaomi Korea announced that it will sell the 'Xiaomi Smart Band 10 Pro,' 'Redmi Buds 8,' 'Xiaomi Watch S5 46mm,' 'Xiaomi Smart Camera C500,' and 'Xiaomi Smart Camera C701 Pro' through official online and offline channels in the country.The Smart Band 10 Pro features a 9.7mm thick body with a 44.2mm AMOLED display and a maximum brightness of 2000 nits. In light mode, it can last up to 21 days on a single charge.It incorporates a new PPG sensor and sleep analysis algorithm to measure heart rate and sleep data. The device supports over 150 exercise modes and an independent Global Navigation Satellite System (GNSS). The price is set at 99,800 won.The Watch S5 46mm includes dual-band GNSS, offline maps, running posture analysis, and fall detection features. Weighing approximately 46g, it also offers a battery life of up to 21 days in light mode, with a retail price of 238,000 won.The Redmi Buds 8 provide active noise cancellation of up to 50dB. The earbuds can last up to 11 hours on their own, and up to 44 hours with the charging case. They also feature fast charging, allowing for up to 4 hours of playback with just a 10-minute charge.The home security product line has also been enhanced. The Smart Camera C701 Pro supports up to 9x hybrid zoom with a combination of ultra-wide and telephoto lenses. It includes AI features that detect human and pet sounds, as well as a physical privacy shutter.The Smart Camera C500 supports 3.5K resolution and AI processing performance at the level of 1TOPS. It can recognize and track humans and pets in real-time, and it features privacy functions that obscure the lens and encrypted transmission technology.Launch discounts are available, with the Redmi Buds 8 seeing the highest discount at approximately 12.7%, followed by the Watch S5 at about 8.4%, and the C701 Pro at around 6.3%.Xiaomi is also applying launch discounts to some products. The Redmi Buds 8 will be available for 54,800 won until August 16, while the Watch S5 will be priced at 218,000 won during the same period, and the C701 Pro will be sold for 149,800 won until August 24.A representative from Xiaomi Korea stated, "Consumer interest in wearables and smart home devices is increasing in South Korea, and we will continue to strengthen connectivity between products to expand the AIoT ecosystem." 2026-07-24 09:32:00
  • Heavy Rain and Heat Wave Expected in Seoul and Gangwon
    Heavy Rain and Heat Wave Expected in Seoul and Gangwon Most regions are expected to experience hot weather. In Seoul and Gangwon, monsoon rains are forecasted, particularly in the northern areas.According to Yonhap News and the Korea Meteorological Administration, a stationary front has formed along the northern border, bringing rain to Seoul and Gangwon.Expected rainfall amounts are 10 to 60 mm in northern Gyeonggi, Incheon, the five western islands, northern inland Gangwon, and northern mountainous areas of Gangwon (with some places in northern inland Gangwon receiving over 80 mm). In Seoul, southern Gyeonggi, central inland Gangwon, southern inland Gangwon, and northern eastern coastal areas of Gangwon, rainfall is expected to be between 5 and 40 mm, while central and southern eastern coastal areas of Gangwon are expected to see 5 to 20 mm.The monsoon rains are expected to continue in the inland and mountainous areas of Seoul and Gangwon on the 25th, in central regions, North Jeolla, central North Gyeongsang, and northern North Gyeongsang on the 26th, and in Seoul and Gangwon on the 27th.After the monsoon ends, a heat wave is expected to intensify.As of 8 a.m. on the 24th, temperatures were already nearing 30 degrees Celsius in southern regions, with Ulsan at 29.7 degrees, Daegu at 28.9 degrees, Busan at 28.7 degrees, Gwangju at 28.2 degrees, Daejeon at 28.0 degrees, Seoul at 26.9 degrees, and Incheon at 26.8 degrees. Central regions are approaching 27 degrees.The highest daytime temperatures are expected to range from 29 to 38 degrees Celsius.In eastern Gangwon, parts of South Chungcheong, Honam, Yeongnam, and Jeju, the perceived temperature is expected to rise to around 35 degrees.* This article has been translated by AI. 2026-07-24 09:32:00
  • Seoul vows further consultations with Washington over new 12.5% tariff
    Seoul vows further consultations with Washington over new 12.5% tariff SEOUL, July 24 (AJP) - South Korea will closely consult with the U.S. after Washington announced a new 12.5 percent tariff on South Korean goods the previous day, Cheong Wa Dae said on Friday. The Office of the U.S. Trade Representative (USTR) said its investigation under the Section 301 of the Trade Act launched in March found that 60 economies had failed to adopt or enforce bans on imports of goods made with forced labor, leading it to impose tariffs ranging from 10 percent to 12.5 percent on those economies. The new tariff over "dubious" forced labor concerns came after a U.S. court ruled in February that Trump's sweeping reciprocal tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were unlawful, prompting Washington to pursue alternative tariff measures. The latest tariff announcement follows a broader tariff-related deal reached last fall between the two countries to lower reciprocal tariffs on Korean exports from 25 percent to 15 percent. With the 12.5 percent tariff now in place, a separate probe into alleged overproduction, which targets countries whose output exceeds domestic demand, is also underway, although Washington has yet to announce any tariffs related to overproduction. But Cheong Wa Dae stressed that both sides share an understanding that the deal reached last year should be implemented as agreed. It also vowed to work with U.S. officials to ensure the final tariff rate remains at the 15 percent level agreed upon by the two countries, even as Washington continues separate investigations into overproduction issues. Industry Minister Kim Jung-kwan, who is currently visiting the U.S, and Trade Minister Yeo Han-koo are expected to meet with officials from the U.S. Department of Commerce and the USTR to discuss ways to prevent further tariff increases and clarify how the ongoing U.S. investigations could affect Korean exporters. 2026-07-24 09:27:56
  • Hancom Rebrands After 36 Years, Accelerates Shift to AI Company
    Hancom Rebrands After 36 Years, Accelerates Shift to AI Company Hancom has changed its name from 'Hangul and Computer' to 'Hancom' and is accelerating its transition to an artificial intelligence (AI) focused company.On July 24, Hancom announced that it has completed the procedures for changing its name and stock designation.The name change, which comes after 36 years of using 'Hangul and Computer,' aims to clearly communicate its business restructuring direction toward becoming an AI company to the capital markets.Recently, Hancom has been nurturing its AI business as a new growth pillar. Last year, its standalone revenue reached 175.3 billion won, the highest ever, with AI package sales accounting for 8.9 billion won, or about 5% of total revenue. Notably, 54.6% of the revenue increase of 16.2 billion won last year came from the AI sector.Profitability has also remained stable, with last year's operating profit at 50.9 billion won and an operating profit margin of 29%.Moving forward, Hancom plans to target the 'sovereign agent operating system (OS)' market, focusing on sectors that handle sensitive information, such as public, defense, and finance. The company is currently conducting AI pilot projects with BGF Group, Korea Western Power, and the National Assembly, using these initiatives as a foundation for business expansion.Hancom is also set to intensify its global market entry efforts. The company is preparing a roadmap for entering the European market and plans to expand collaborations with local firms.Kim Yeon-soo, CEO of Hancom, stated, "This name change is intended to more clearly demonstrate our transition to an AI-centered company in the capital markets. We will strengthen our global market competitiveness based on the technology and trust we have accumulated over the past 36 years."* This article has been translated by AI. 2026-07-24 09:24:00
  • Canada Considers Response to Trumps Proposed 50% Tariff
    Canada Considers Response to Trump's Proposed 50% Tariff Canada is exploring options in response to President Donald Trump's proposed 50% tariff on certain Canadian products. The country is prepared to consider all measures, including retaliatory tariffs, if trade negotiations with the U.S. break down.On July 23, Mark Carney, the Prime Minister of Canada, stated after a meeting with provincial leaders in Charlottetown, Prince Edward Island, "If an agreement is not reached, all options are on the table." However, he did not specify what actions Canada would take if the U.S. tariffs are implemented.Carney explained, "Negotiators from both countries are currently engaged in discussions that encompass existing tariffs and trade measures." He characterized Trump's proposed 50% tariff as both a pressure tactic to secure a trade agreement and a potential catalyst for negotiations.Previously, Trump announced plans to impose a 50% tariff on certain Canadian products, set to take effect on August 19.The U.S. cited Section 338 of the Tariff Act of 1930 as the legal basis for this action, which allows for tariffs of up to 50% on imports from countries deemed to unfairly discriminate against U.S. products.The targeted tariffs would affect about 5% of Canada's exports to the U.S. The U.S. claims that Canada's policies regarding automobiles, alcohol, and dairy products discriminate against American goods.Canada has rescinded many of the retaliatory tariffs it imposed on U.S. products last year, but it continues to maintain some tariffs on steel and automobiles. Additionally, some provinces are still enforcing measures that halt the sale of U.S. alcohol in government-operated stores.* This article has been translated by AI. 2026-07-24 09:16:00
  • KAIST and NVIDIA Establish AI Research Institute with $300 Million Investment
    KAIST and NVIDIA Establish AI Research Institute with $300 Million Investment The Korea Advanced Institute of Science and Technology (KAIST) and NVIDIA announced the establishment of a joint AI research institute at the Kim Jae-cheol Graduate School of AI on July 24. The collaboration aims to develop AI models and agent systems tailored to the Korean language and domestic industries.Through this partnership, KAIST and NVIDIA will create a long-term research cooperation framework to secure foundational AI technologies in South Korea, cultivate global talent, and enhance industrial competitiveness.The two institutions plan to combine NVIDIA's full-stack AI technology and the Nemotron open model with the computing infrastructure of NVIDIA's cloud partners in South Korea, alongside KAIST's research personnel. Nemotron is a large language model (LLM) developed by NVIDIA, made available for research institutions and companies to utilize and improve.This collaboration will be initiated with a total investment of $300 million (approximately 4.2 trillion won) over the first five years. Each year, $50 million (about 734 billion won) worth of AI computing resources will be provided. Researchers participating in the joint institute will have access to the latest NVIDIA AI computing infrastructure through local NVIDIA cloud partners.The joint research institute will support at least 10 KAIST researchers annually, offering each selected researcher an internship opportunity at NVIDIA. Additionally, NVIDIA plans to hire outstanding Korean AI researchers for regular research positions.Dr. Kim Hyun-woo, who will assume the role of director of the joint research institute next month at KAIST's Kim Jae-cheol Graduate School of AI, stated, "AI research is entering a new era that requires global talent, large-scale infrastructure, and close collaboration between academia and industry. We will pursue challenging research with NVIDIA to attract and retain world-class AI scientists in Korea and establish ongoing partnerships with global research organizations."KAIST President Bae Choong-sik emphasized, "This collaboration marks the beginning of a strategic partnership that combines world-class AI research capabilities with cutting-edge AI infrastructure. We aim to establish a global AI research hub representing South Korea and lead the way in securing next-generation AI foundational technologies and cultivating world-class AI talent." 2026-07-24 09:16:00
  • HD Hyundai Heavy Industries Accelerates AI Shipyard Transition with Siemens Contract
    HD Hyundai Heavy Industries Accelerates AI Shipyard Transition with Siemens Contract HD Korean Shipbuilding Industries is embarking on a paradigm shift in the shipbuilding industry through the establishment of an AI-based future shipyard.On July 23, HD Korean Shipbuilding Industries, a mid-holding company of HD Hyundai's shipbuilding sector, announced that it signed a main contract with global engineering firm Siemens Digital Industries Software for the introduction of a 'next-generation marine platform.'The event, held in Washington, D.C., was attended by executives and officials from both companies, including Kim Hyung-kwan, CEO of HD Korean Shipbuilding Industries, and Tony Hemmelgarn, CEO of Siemens.The next-generation marine platform aims to integrate the entire process from ship design to production, supply chain management, quality control, and maintenance into a single data model using AI and digital technologies, allowing for the use of the same information at all stages.This integration will enable shipyards to transmit real-time updates on design changes and current process statuses to production sites and supply chains, facilitating optimal decision-making to prevent schedule delays and quality issues.As part of this initiative, HD Korean Shipbuilding Industries plans to implement a 'virtual shipyard' that simulates actual work processes and equipment operations.To realize a future physical AI shipyard where robots and autonomous production facilities perform tasks independently, HD Korean Shipbuilding Industries will enhance the next-generation marine platform to establish an autonomous manufacturing system that connects all shipbuilding processes—from design to production, logistics, inspection, and sea trials—within a digital environment.Kim Hyung-kwan, CEO of HD Korean Shipbuilding Industries, stated, "AI is not just a tool for increasing productivity; it is an innovative technology that redefines the very operation of the shipbuilding industry. We will create a new standard for the shipbuilding industry by building a future smart shipyard that combines AI and digital technologies."Meanwhile, since the appointment of Chairman Jeong Gi-seon in October last year, HD Hyundai has elevated its dedicated AI organization, which oversees the development of AI technologies, to report directly to the CEO, accelerating the acquisition of core AI technologies. Kim Hyung-kwan has been appointed as the first head of the AIX Promotion Office.HD Hyundai aims to establish a future-oriented shipyard that connects the entire process from design to production using AI and digital twin technologies by 2030.* This article has been translated by AI. 2026-07-24 09:08:00
  • Art Service Reporting System to Launch on July 26 with One-Year Grace Period
    Art Service Reporting System to Launch on July 26 with One-Year Grace Period The 'art service reporting system' aimed at building consumer trust in the art market will be implemented.The Ministry of Culture, Sports and Tourism announced on July 24 that the 'Enforcement Decree of the Art Promotion Act' was approved at a Cabinet meeting, and the reporting system will take effect on July 26.Under the new system, those wishing to operate in the art service industry must report to the head of their local government. The art service industry includes gallery operations, art auctions, art consulting, art rental and sales, art appraisal, and art exhibitions.The reporting system imposes obligations on art service providers to manage the distribution records of artworks, disclose auction prices, and use standard appraisal forms, all aimed at enhancing transparency in the art market and protecting consumers. Failure to report or violations of these obligations may result in fines or business suspensions.To minimize confusion and ensure the successful implementation of the system, the Ministry will operate a one-year grace period until July 25, 2027. During this period, penalties such as fines or business suspensions will be suspended, and the Ministry plans to actively guide and educate stakeholders on the reporting process and important considerations in collaboration with relevant agencies.* This article has been translated by AI. 2026-07-24 09:08:00
  • U.S. Treasury Maintains South Korea on Watch List Amid Ongoing Won Depreciation Pressure
    U.S. Treasury Maintains South Korea on Watch List Amid Ongoing Won Depreciation Pressure The U.S. Treasury Department has kept South Korea on its watch list for the fourth consecutive time since the second half of 2024's currency report. Being on the watch list indicates that while immediate economic sanctions are not forthcoming, the U.S. is closely monitoring the country. Additionally, there are analyses suggesting that the one-sided depreciation of the won does not align with South Korea's economic fundamentals.According to the Ministry of Economy and Finance on July 24, the U.S. Treasury released its 'Macroeconomic and Foreign Exchange Policies of Major Trading Partners' report on July 23 (local time). This report evaluates the macroeconomic and exchange rate policies of the top 20 trading partners with the U.S. for 2025.The U.S. Treasury stated that there are no countries requiring in-depth analysis in this report. A country is classified for in-depth analysis if it meets three criteria: a trade surplus with the U.S. of over $15 billion, a current account surplus exceeding 3% of GDP, and foreign exchange market intervention. The results for the watch list classification remained the same as those announced in January.South Korea meets two of the three criteria: a trade surplus with the U.S. and a current account surplus. As a result, it has been included on the watch list for four consecutive reports since the second half of 2024.In the report, the U.S. Treasury assessed that 'exports have supported a slowdown in growth' for the South Korean economy. It noted a significant increase in the current account surplus, particularly driven by semiconductors and technology-related products. While imports of automobiles have decreased, the trade balance with South Korea remains more than double compared to ten years ago, despite a year-on-year decline.Despite the substantial surplus in the external sector, the U.S. Treasury indicated that pressure on the won's depreciation continues. Earlier, in its January report, the Treasury stated that 'the recent weakness of the won does not align with the strong fundamentals of the South Korean economy.' This phrase was reiterated in the current report. It also analyzed that household and corporate investments in overseas stocks at the end of last year were a primary cause of the depreciation pressure on the won.Additionally, the report included evaluations of proposals to ease foreign participation in the local foreign exchange market and the National Pension Service's new framework.A Ministry of Economy and Finance official stated, 'We will continue to communicate closely with the U.S. Treasury to enhance mutual understanding and trust regarding the foreign exchange market,' adding, 'We will maintain cooperation to stabilize the foreign exchange market.'* This article has been translated by AI. 2026-07-24 09:04:00
  • Fire Breaks Out at Commercial Building in Busans Gangseo District, No Injuries Reported
    Fire Breaks Out at Commercial Building in Busan's Gangseo District, No Injuries Reported A fire broke out at a commercial building in Busan's Gangseo District.According to Yonhap News and the Busan Fire and Disaster Headquarters, a report of the fire was received at approximately 2:33 a.m. on July 24, originating from a fishing equipment manufacturing and sales store in Daejeo 1-dong.Fire authorities deployed 178 personnel and 70 pieces of equipment to the scene, successfully extinguishing most of the fire and currently conducting mop-up operations.Fortunately, there were no reported injuries, although four stores were damaged by the flames.The Gangseo District urged nearby residents and workers to inform others of the incident and evacuate to areas free from risks of further collapse or explosion.* This article has been translated by AI. 2026-07-24 08:56:00