Executive behind SKT’s “ifland” platform touts metaverse as place where all can happen

Seoul and Washington have agreed to set up a hotline to discuss cooperation for the stable supply of semiconductors, and raised the level of an existing dialogue channel for industrial cooperation amid a worldwide shortage of chips. The South Korean government also repeatedly expressed concern over a recent US request for Samsung Electronics as well as other global chipmakers to provide information on their supply chains by Nov. 8, the Ministry of Trade, Industry and Energy said Tuesday. Seoul

Database replication solution companies DataStreams and Arkdata announced Monday they agreed to cooperate on big data. The two companies signed a memorandum of understanding on exchanging technologies to enhance data replication and create a joint business model to expand into the market. DataStreams has a change data capture, or CDC, solution, which can merge data real-time through its transaction system and sends changes recorded in the source database to the target database. Arkdata was t

South Korean stocks advanced for a second consecutive day Tuesday, backed by expectations for strong corporate earnings. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) advanced 28.54 points, or 0.94 percent, to close at 3,049.08 points. Trading volume was moderate at about 547 million shares worth some 9.2 trillion won ($7.9 billion), with gainers outnumbering losers 574 to 271. Foreigners bought a net 106 billion won, while retail investors

Science Minister and AmCham Korea chief say transformation is key to joining post-pandemic world order

‘Dr. Waste’ Hong Su-yeol calls for transition to circular, zero-waste economy, where resources are reused

Vice governor has to implement “populist” policies before new chief starts in July

Former President Roh Tae-woo, the country's first directly elected president, died Tuesday at age 88, leaving behind a checkered legacy as well as a list of diplomatic accomplishments intended to promote peace on the Korean Peninsula. Roh’s aides announced Tuesday that Roh, who served as the 13th president of South Korea from 1988 to 1993, died at around 1:45 p.m. while receiving treatment at Seoul National University Hospital. He was brought to the hospital's emergency room at 1:10 p.m.

Pianist Paik Kun-woo has filed for arbitration with the Press Arbitration Commission in a case against network broadcaster MBC over its investigative journalism program “PD Note.” The program suggested the pianist and his daughter had mistreated his wife, actor Yoon Jeong-hee, who was diagnosed with Alzheimer’s disease in 2017. In a statement issued Monday evening, the pianist said he was seeking a correction and 1.1 billion won ($943,620) in damages for himself and his daught

President Moon Jae-in met with Lee Jae-myung, the presidential nominee of Democratic Party of Korea, at Cheong Wa Dae on Tuesday, marking the ruling liberal bloc’s formal consolidation for next year’s presidential election. Their tea meeting that lasted for about 50 minutes early in the day started as the president congratulated Lee for being elected the party’s presidential nominee.  “After finishing a fierce competition, it is also important to heal the scars and

South Korea’s economy has expanded at a slower-than-expected pace in the July-September period due to lackluster private consumption despite recovery in exports, central bank data showed Tuesday. The economy grew 0.3 percent in the third quarter, compared with a 0.8 percent growth in the second quarter and the corresponding figure of 1.7 percent in the first quarter, preliminary data released by the Bank of Korea showed. The third quarter reading falls short of the BOK’s Se

Workers at South Korea’s chief weapons developer were offered no incentive pay, despite their efforts that President Moon Jae-in hailed as marking a new milestone in the country’s decadeslong drive to mount a self-reliant defense. The Agency for Defense Development -- which recently tested a submarine-launched ballistic missile, making South Korea the first non-nuclear state to do so -- has yet to prepare guidelines on compensating those who build strategic assets like SLBMs, a

Korea needs to drop “follower” mindset and raise stake in technological innovation, says SNU professor Lee Jeong-dong

South Korea’s top financial regulator on Tuesday said it will implement stricter lending calculations for mortgage loans, called the “debt-service ratio,” or DSR, months earlier than expected as part of additional debt control measures.  The DSR gauges how much borrowers pay for principal and interest in proportion to yearly income.  Since July, a 40 percent DSR has been applied to borrowers seeking to receive loans for buying properties valued at over 600 million w

South Korea's trade volume for this year surpassed the $1 trillion mark Tuesday on the back of solid export growth amid the global recovery from the pandemic, reaching the milestone at the fastest pace ever, the trade ministry said. The country's accumulated exports and imports totaled $1 trillion so far this year, with outbound shipments coming to $512.2 billion, according to the data by the Ministry of Trade, Industry and Energy. South Korea made the achievement within the shortest period of