Grocery delivery app Kurly to acquire AI startup SEOUL, June 2 (AJP) - Grocery delivery app Kurly will acquire Seoul-based artificial intelligence (AI) startup 1Z Labs in a bid to improve efficiency across its business operations, according to industrial sources on Tuesday. Kurly plans to issue around 453,518 new shares by early August in a stock-swap deal that will make the startup its wholly owned subsidiary. The two companies have already been jointly developing AI-related technologies, with plans to expand the use of AI a June 2, 2026

Hana Asset Management's four US index ETFs cross 1 trillion won in combined assets SEOUL, June 2 (AJP) - The combined net assets of Hana Asset Management's four U.S.-index exchange-traded funds have surpassed 1 trillion won, the company said on Tuesday. The fastest growth has come not from its plain index trackers, but from two bond-mixed products designed to take advantage of a 2023 revision to pension-account rules allowing investors to hold them at a full 100 percent allocation. The four funds held a combined 1.0431 trillion won (US$691 million) as of th June 2, 2026

Police forward Gangnam Style rapper Psy to prosecution over illegal drug prescriptions SEOUL, June 02 (AJP) - South Korean police have referred Gangnam Style rapper Park Jae-sang, globally known as Psy, to prosecutors on charges of violating medical laws by using his staff to illegally obtain highly regulated prescription drugs. The case highlights South Korea's strict enforcement of regulations governing psychotropic medications. The 48-year-old singer is accused of bypassing mandatory face-to-face medical consultations to secure sleeping pills and anxiety medi June 2, 2026

Naver Cloud, Nvidia expand alliance to build global AI factories SEOUL, June 02 (AJP) - Naver Cloud is teaming up with Nvidia to build artificial intelligence factories around the world, deepening a relationship that until now centered largely on the supply of graphics processing units. The South Korean cloud unit said on Tuesday it would broaden the partnership into a strategic technology alliance spanning AI infrastructure, models, services and physical AI, moving well beyond a conventional buyer-supplier arrangement. Naver Cloud Chief Execu June 2, 2026

Researchers discover natural substance capable of slowing down cancer cell growth SEOUL, June 02 (AJP) - Scientists from South Korea and the United States have discovered that a natural substance produced when the body breaks down dietary fats can directly block a key protein responsible for cancer cell growth, the Korea Advanced Institute of Science and Technology said Tuesday. The joint study, led by Korea Advanced Institute of Science and Technology (KAIST) Professor Kim Se-yoon and Korea University Professor Byun Young-joo, identified that a fat byproduct c June 2, 2026

Korean Navy to join RIMPAC, take first command role in multinational maritime exercise SEOUL, June 02 (AJP) - South Korea’s Navy said Monday its Aegis destroyer Jeongjo the Great will depart for the Rim of the Pacific exercise (RIMPAC), marking the first time the service will assume a major command role in the U.S.-led multinational maritime drill. The 8,200-ton destroyer left Jeju Naval Base on Monday and will join the exercise, which will take place in waters off Hawaii from late June through July, according to the Navy. It will be the first RIMPAC particip June 2, 2026

Korea, Canada deepen advanced industry ties with MOUs in defense, space sectors SEOUL, June 02 (AJP) - South Korea and Canada discussed ways to expand cooperation in advanced industries, with companies from the two countries signing three memorandums of understanding in the defense and space sectors, Seoul's industry ministry said Monday. The Korea-Canada Advanced Industry Cooperation Business Roundtable was held at the Park Hyatt Toronto hotel, organized by the Korea Trade-Investment Promotion Agency, or KOTRA, according to the Ministry of Trade, Industry June 2, 2026

NVIDIA, Samsung Display team up to showcase GeForce RTX 50 performance on OLEDs SEOUL, June 02 (AJP) - Samsung Display has partnered with global AI computing leader NVIDIA to showcase a premium OLED gaming experience at COMPUTEX 2026, Asia's largest IT exhibition, which opened today at the Taipei Nangang Exhibition Center. The collaboration features a visual experience zone where visitors can experience vivid game graphics on Samsung OLED and QD-OLED displays optimized for the latest NVIDIA GeForce RTX 50 Series GPUs. The demonstration utilizes PCs equipp June 2, 2026

WNMC 26: Publishers bet on loyalty as Google reign fades MARSEILLE, June 02 (AJP) - If there was one subject dominating side-stage conversations at the World News Media Congress, it was the future of discovery. Across sessions on search, advertising, content management and audience development, publishers and technology providers wrestled with the same question: what happens if Google can no longer deliver the traffic publishers have relied on for two decades? The answer, according to many speakers, is not simply to replace SEO with th June 2, 2026

KOSPI retreats after record close as foreign investors sell SEOUL, June 2 (AJP) - South Korea's benchmark KOSPI slipped in morning trade on Tuesday, retreating from the previous day's record close as investors took profits in major stocks. The index dropped to around 8,700 after closing at an all-time high of 8,788.38 the previous session. Shares of LG affiliates, which had led the previous session's rally, came under selling pressure, while a surprise US$80 billion equity raise by Google parent Alphabet prompted investors to rea June 2, 2026