Latest by
-
SK Intellix Partners with Seoul Design Foundation to Create Smart Design Environment at DDP SK Intellix is collaborating with the Seoul Design Foundation to establish a smart design environment at Dongdaemun Design Plaza (DDP) using artificial intelligence (AI) technology.On July 10, SK Intellix announced that it has signed a memorandum of understanding (MOU) with the Seoul Design Foundation to promote the development of Seoul's design industry and create a smart design environment at DDP.The signing ceremony was attended by An Moo-in, CEO of SK Intellix, and Cha Kang-hee, CEO of the Seoul Design Foundation, along with key representatives from both organizations.The two parties agreed to engage in various collaborations to create future-oriented value in the design industry and build an innovative smart environment centered around DDP.As part of this agreement, SK Intellix will introduce its wellness robot, Namux, to DDP. Powered by agentic AI technology, Namux will offer services such as autonomous air solutions and vital sign checks to enhance the visitor experience.Both organizations plan to link their respective design business content and conduct joint online and offline marketing to boost Seoul's design competitiveness and foster an industrial ecosystem that integrates advanced AI technology.An Moo-in, CEO of SK Intellix, stated, "I expect the wellness robot Namux to create synergy with DDP, a symbolic landmark of Seoul. We will strive to become a company that enriches our customers' daily lives."* This article has been translated by AI. 2026-07-10 09:20:00 -
Dunamu Expands Financial Education for Youth in Seoul, Covering Digital Assets and Fraud Prevention Dunamu, the operator of Upbit, is partnering with Seoul City to enhance financial literacy among young people and promote a proper understanding of digital assets. Amid the growing interest in virtual asset investments, the initiative aims to improve overall financial literacy, including asset formation and fraud prevention.On July 9, Dunamu announced that it signed a memorandum of understanding (MOU) with Seoul City at the Korea Press Center in Jung-gu, Seoul, to strengthen youth financial capabilities and digital finance education.Under this agreement, Dunamu and Seoul City plan to develop a 'digital finance education model' that combines Dunamu's educational content on digital assets and future finance with Seoul City's youth policy infrastructure.The education will cover basic knowledge of digital assets such as Bitcoin and blockchain, as well as topics like fraud prevention related to digital assets, rational consumption habits, various investment methods, stablecoins, and real-world assets (RWA) in the future financial landscape.Initially, an 'Upclass Education' program will be conducted for young people in Seoul starting in August. Following this, a quiz competition tentatively named 'Youth Financial Golden Bell' will be held to enhance financial understanding among youth, focusing on economic knowledge, financial issues, and the impact of artificial intelligence (AI) on the financial environment.Dunamu has been actively providing digital asset education for youth. From last year to the first half of this year, the 'Upclass Youth' campus tour has offered over 2,700 university students opportunities to understand the digital asset market and explore related career paths.Yoon Seon-joo, Dunamu's Chief Business Innovation Officer, stated, "Establishing the right financial values during youth is crucial for lifelong asset formation. We will support young people in developing the ability to make informed decisions and take action in the complex future financial environment in collaboration with Seoul City."* This article has been translated by AI. 2026-07-10 09:20:00
-
Monsoon downpours leave one missing, force 700 people to evacuate nationwide SEOUL, July 10 (AJP) - Torrential monsoon rains that battered South Korea's central region and other parts of the country over the last two days left one person missing and damaged more than 4,000 facilities, government authorities said on Friday. Fire officials and other emergency workers have been searching for a man in his 70s who was swept away by floodwaters while crossing a stream in Yeongju, North Gyeongsang Province the previous day. Landslides were also reported in several areas including Okcheon in North Chungcheong Province and Yeongwol in Gangwon Province. About 700 people from more than 500 households across 25 cities and counties were forced to evacuate to temporary shelters. Light showers or drizzle are expected across the Seoul metropolitan area and other inland regions before tapering off later in the day, according to the Korea Meteorological Administration. But hot and humid conditions are forecast to return over the weekend. 2026-07-10 09:12:33 -
Samsung TV Plus to Exclusively Stream Musicals Monthly Samsung Electronics is launching a musical content service through its ad-supported free streaming service, Samsung TV Plus. This initiative aims to enhance accessibility to performances and bridge the experience gap based on viewing environments.According to Samsung Electronics, the first production to be streamed is the original Korean performance of the Tony Award-winning musical 'Maybe Happy Ending.' Set in a future apartment designed for 'helper bots,' the lyrical story follows an outdated robot, 'Oliver,' and 'Claire' as they learn about love.The first broadcast will begin on July 12 and will air every Sunday at 7 p.m. on Samsung TV Plus's exclusive channel STN until August 16.On August 15, which is Liberation Day, the national musical 'Hero,' depicting the independence struggle of Ahn Jung-geun, will be featured. Additionally, on September 27, during the Chuseok holiday, 'Crash Landing on You,' which explores the romance between a South Korean chaebol heiress and a North Korean officer, will be showcased, with plans to release representative musical works monthly.To maximize viewer immersion, the musical content will utilize two key technologies: 'multi-camera' and 'Eclipse audio.'The multi-camera feature provides four simultaneous viewpoints of the stage, allowing viewers to select their preferred angle. This enables a focused experience on specific actors or scenes, differentiating it from traditional theater viewing.Eclipse audio employs IAMF-based spatial audio technology, a form of 3D audio, to clearly convey the actors' dialogue and vocals while also recreating the ambiance of the audience's cheers, enhancing the live performance feel.Lee Gwi-ho, Vice President of Samsung Electronics' Visual Display Business, stated, "We have brought the emotional experience of the theater into the living room through Samsung TV Plus," and emphasized, "We look forward to a new viewing culture that Samsung will create."* This article has been translated by AI. 2026-07-10 09:12:00
-
KakaoBank Joins Presidential Economic Delegation to Target Mongolia's Digital Finance Market KakaoBank has become the only domestic bank to participate in the presidential economic delegation, aiming to penetrate Mongolia's digital finance market.KakaoBank announced that CEO Yoon Ho-young attended the 'Korea-Mongolia Business Forum' held in Ulaanbaatar, Mongolia, on July 9 as part of the South Korean presidential economic delegation. This marks the first time KakaoBank has joined a presidential overseas economic delegation since its establishment.During his presentation, Yoon highlighted how KakaoBank has enhanced financial accessibility using its proprietary alternative credit scoring model (CSS) and artificial intelligence (AI) technology. He outlined a vision for expanding digital financial innovation and inclusive finance through collaboration with the Mongolian financial market.Yoon also discussed plans for expanding digital finance cooperation with local financial institutions and government officials, including a partnership with MCS Group. Notably, they plan to jointly develop an alternative credit scoring model with M Bank, a digital banking subsidiary of MCS Group, to enhance the digital competitiveness of Mongolia's financial industry.KakaoBank has signed a memorandum of understanding for strategic equity investment in MCS Group and M Bank. The goal is to finalize the investment in M Bank by the end of the year after completing the final contract procedures.The two companies plan to collaborate in various areas, including product and service development, advanced credit assessment, and building a global digital banking network.Yoon emphasized, 'Mongolia has a young population and excellent digital infrastructure, making it a market with significant growth potential for the AI financial industry. Through strategic cooperation with MCS Group, we aim to enhance M Bank's credit assessment system and develop an alternative credit scoring model utilizing non-financial data, creating an AI financial ecosystem that fosters growth for both countries.'* This article has been translated by AI. 2026-07-10 09:08:00
-
President Lee Continues State Visit to Mongolia, Meeting with Officials 이재명 대통령은 몽골 국빈 방문 이틀째인 10일(현지시간) 이태준 열사 기념관을 찾고 몽골 국회의장과 총리를 잇달아 접견한다.먼저 이 대통령은 이날 오전 몽골에서 의료 활동을 펼치며 독립운동을 지원한 이태준 열사 기념관을 방문한 뒤 현지 교민들과 오찬 간담회를 한다.이어 뱜바척트 몽골 국회의장과 오츠랄 총리를 차례로 만나 양국 협력 확대 방안을 논의할 예정이다.저녁에는 오흐나 후렐수흐 몽골 대통령이 주최하는 국빈만찬에 참석한다. 방문 마지막 날인 11일에는 몽골 최대 전통 축제인 ‘나담축제’ 개막식에 주빈으로 참석한다. 한국 대통령이 나담축제에 주빈으로 초청된 것은 이번이 처음이다.* This article has been translated by AI. 2026-07-10 09:08:00
-
Lee Eok-won Calls for Swift Implementation of Full Deregulation on Network Separation for Financial Firms 금융당국이 인공지능(AI) 기반 사이버 공격에 대응하기 위해 AI 보안체계 구축에 속도를 낸다. 망분리 규제 완화 대상을 넓히고, 충분한 보안 역량을 갖춘 금융회사에 대해서는 망분리 전면 해제 방안도 구체화한다. 10일 금융위원회에 따르면 이억원 금융위원장은 이날 서울 포시즌스호텔에서 열린 금융보안원 주최 '금융회사 CEO 초청 정보보호의 날 기념 행사'에 참석했다. 이번 행사는 고도화되는 AI 기반 사이버 공격에 대응해 금융권 리더들이 모여 공동 대응 방안을 모색하기 위해 마련됐다. 이 위원장은 인사말에서 "새로운 디지털 위협에 효과적으로 대응하기 위해서는 정부와 민간의 긴밀한 협업이 중요하다"며 "AI 보안체계 구축을 위해 현장과 끊임없이 소통하며 변화하는 시대에 맞는 꾸준한 제도개선을 통해 안전하고 신뢰받는 디지털 금융환경을 만들어 나가겠다"고 말했다. 금융위는 지난 6월부터 AI 보안테스트를 위한 망분리 긴급 완화조치를 시행 중이다. 금융회사들의 AI 보안테스트와 보안패치를 위해 면책조치와 가이드라인도 마련했다. 이 위원장은 "지난달부터 시행 중인 망분리 긴급 완화조치에 따른 AI 보안 테스트를 차질없이 이행하겠다"며 "충분한 AI·보안역량을 갖춘 금융회사에 대한 망분리 전면 해제 방안도 조속히 구체화하여 발표하겠다"고 밝혔다. 금융보안 관련 입법도 추진한다. 우선 해킹 사고에 대한 책임성을 높이기 위해 징벌적 과징금과 이행강제금을 도입한다. 정보보호 최고책임자(CISO) 권한 강화와 소비자 공시 확대 등을 담은 전자금융거래법 개정안의 국회 통과도 지원할 계획이다. 금융보안 사각지대를 줄이기 위한 디지털금융 안전법안도 준비한다. 이날 행사에서는 금융보안과 정보보호 발전에 기여한 금융기관과 임직원에 대한 금융위원장 표창도 수여됐다. 단체 부문에서는 삼성화재해상보험과 한국증권금융이, 개인 부문에서는 윤호영 카카오뱅크 대표, 장은영 한국씨티은행 상무, 김대희 DB손해보험 본부장이 각각 표창을 받았다. 이어 고학수 서울대 교수가 금융보안 거버넌스, 이상근 교수가 AI 혁신과 보안을 주제로 강연을 진행했다. 고학수 교수는 금융회사가 갖춰야 할 보안 거버넌스 체계와 CEO의 역할 및 책임에 대한 실질적 방향을 제시했다. 이상근 교수는 금융권에 빠르게 확산되고 있는 AI 기술의 활용 현황 및 사이버보안 위협과 안전한 AI 도입을 위한 전략적 대응 방안을 공유했다. 2026-07-10 09:08:00
-
President Lee Criticizes IKEA Over Parental Leave Controversy President Lee Jae-myung criticized global furniture giant IKEA on July 10 for its handling of a parental leave controversy, stating, "Just as our companies should not exhibit anti-labor behavior abroad, foreign companies must not do so domestically."Lee made the remarks on X (formerly Twitter) while sharing a news report alleging that IKEA demoted an employee who returned from parental leave and pressured them to resign. He noted, "There have been times when exemplary global companies in other countries have faced criticism for anti-labor and opaque management practices specifically in our country. This was during a period when our government implemented anti-labor policies and was mired in corruption. However, as South Korea transforms into a leading model society and government, such outdated management practices cannot be tolerated."Lee emphasized, "If the allegations are confirmed through a thorough investigation, we will take strict action in accordance with international standards."* This article has been translated by AI. 2026-07-10 09:04:00
-
Labor Ministry Selects 41 Companies for Excellence in Labor-Management Culture The Ministry of Employment and Labor has selected 41 companies this year for their exemplary labor-management culture. These companies have achieved organizational integration and employment stability through dialogue and cooperation, despite challenges such as conflicts with multiple unions, industrial transitions, and management crises.On July 10, the ministry announced that it had chosen 14 small businesses, 15 large corporations, and 12 public sector entities as the '2026 Excellent Labor-Management Culture Companies.' A total of 112 companies applied nationwide, and the final selections were made after regional evaluations and case presentations.This year, the number of public sector selections increased from eight last year to twelve. The ministry explained that this aims to strengthen the responsibilities and roles of public sector employers as exemplary users.Notably, the focus of labor relations is shifting from merely avoiding disputes to ensuring employment stability, sharing performance, reducing gaps between primary and subcontractors, and responding to industrial transitions. Cases that resolved potentially contentious issues, such as energy transitions and organizational restructuring, were included in the list.For instance, EWPS, a maintenance service provider for power facilities, has maintained seven consecutive years of autonomous negotiations and no disputes since its establishment in 2018, even in an environment with seven sites and five competing unions. The company has distributed profit-sharing bonuses to all employees, funded by improved financial structures, and has also established a joint labor-management committee to prepare for energy transitions.Dongwon Metal, an automotive parts manufacturer, managed to stabilize employment without forced restructuring during a period of significant accumulated losses and the COVID-19 pandemic. The union accepted a temporary suspension of welfare benefits and wage deferrals, while the company promised job security, leading to a normalization of operations. Subsequently, the company expanded welfare expenses and rewarded employees with the largest operating profit in its history.Hyolim Industrial directly employed 120 subcontracted workers last May to address issues of differing working conditions and a lack of belonging stemming from a subcontracting-focused operational structure. Busan Urban Corporation faced conflicts related to job types and multiple unions after a merger but achieved integration of a single union and general positions through a labor-management agreement.Selected companies will receive benefits such as exemption from regular labor inspections, deferral of tax audits, and preferential loan rates for the next three years. Companies recognized as excellent in labor-management culture from 2024 onward will also qualify to apply for the Labor-Management Culture Award.* This article has been translated by AI. 2026-07-10 09:04:00
-
Labor Department Expands Wage Oversight to Changwon National Industrial Complex The labor authorities are expanding their oversight of the misuse of comprehensive wages to the Changwon National Industrial Complex, where manufacturing is concentrated. This decision comes as concerns have emerged that issues related to comprehensive wages, previously focused on the information technology (IT) and software sectors, may also affect production and research positions in manufacturing.Starting July 10, the Ministry of Employment and Labor will conduct a third round of regional inspections targeting the Changwon National Industrial Complex in South Gyeongsang Province. This follows inspections in May at the Guro and Geumcheon Digital Complex in Seoul and in June at the Pangyo Techno Valley in Seongnam.The government has primarily focused its oversight on areas where IT and gaming industries are concentrated. However, reports have surfaced indicating that not only production workers but also research and administrative staff are not receiving fair compensation.In relation to the Changwon National Industrial Complex, reports have been received stating that no overtime pay is provided beyond a fixed monthly agreement of 48 hours. There are also claims of an organizational culture that makes it difficult to record actual working hours, with reports indicating that hours exceeding the 52-hour workweek cannot even be entered.In response, labor authorities plan to check whether overtime, night, and holiday pay have been properly compensated, despite the use of comprehensive wages as a justification. They will also examine whether the number of working hours and overtime, night, and holiday hours are accurately recorded and managed. This inspection aims to address improper wage payment practices within manufacturing facilities.This situation highlights that the issue of comprehensive wages is not limited to the IT and gaming sectors. Long working hours can also arise in manufacturing due to production demands, delivery pressures, and research and development schedules. Particularly, if working hours are not properly recorded, it can lead to controversies over unpaid labor.Moreover, many manufacturing sites involve both production and research and administrative staff, which may lead to different management practices for working hours by job type. Therefore, labor authorities are expected to verify the principle of wage payment based on actual working hours, regardless of job type.The Ministry of Labor plans to continue selecting additional regions for inspection each month based on anonymous reports. Even in areas where inspections have already been conducted, if reports of comprehensive wage misuse persist, repeated inspections will be carried out.Kim Young-hoon, Minister of Labor, stated, "The misuse of comprehensive wages is not an issue limited to specific industries or job types. All workers deserve to be compensated fairly for the hours they actually work. Through the inspections at the Changwon National Industrial Complex, we aim to eradicate improper wage payment practices in manufacturing facilities."* This article has been translated by AI. 2026-07-10 09:04:00