Banks can play a role to boost women-led businesses

Samsung Electronics' foundry division is expected to get a boost as Google reportedly plans to build its new Tensor G4 chipset based on Samsung’s latest Exynos 2400 blueprint, according to industry sources on Wednesday. Google's new Pixel 9 smartphone is set to launch in the latter half of this year, and it is highly anticipated to incorporate the upcoming Tensor G4 chipset. SamMobile and other industry sources predict Samsung Foundry to produce Google's new chipset leveragi

From left: American Chamber of Commerce in Korea Chairman and CEO James Kim, US Embassy in Korea deputy chief of mission Joy M. Sakurai, Citibank Korea CEO Yoo Myung-soon, P&G Korea General Manager Lee Chee-young and Christina Ahn, client partner of Korn Ferry, attend a panel discussion during an International Women’s Day luncheon hosted by AmCham Korea in Seoul on Wednesday. During the event, business leaders shared their unique personal career journeys and delved into strategies fo

LG Electronics and LS Electric have teamed up to enhance their smart factory leadership and foray into overseas markets together, the companies said Wednesday. Their strategic alliance, formalized through a memorandum of understanding signed Tuesday, aims to leverage the combined technological prowess and market influence of both entities to forge advancements in the smart factory sector, including digital solutions, automation, and energy efficiency. LS Electric is set to contribute its core te

Korean food manufacturer Samyang Foods on Wednesday held a groundbreaking ceremony for its new plant in Milyang, South Gyeongsang Province, as the company aims to capitalize on the growing global popularity of its spicy ramyeon brand, the Buldak series, especially in the US market. The new plant, set to be completed by 2025, will have an annual production capacity of 560 million units. With the addition of the new plant, the company's combined production capacity will surge to 2.36 billion

Korean beverage maker Dong-A Otsuka on Tuesday announced its “zero plastic” goal, renewing its commitment to sustainable management on the company's 45th anniversary. Under the new goal, the company aims to increase the use of sustainable plastic by 50 percent by 2030 and complete a 100 percent transition to sustainable plastic by 2050. As part of its efforts, the company will start adopting eco-friendly PET (polyethylene terephthalate) this year and reduce the use of plastic ma

Korean internet giant Naver on Wednesday said it has signed a partnership with Aramco Digital, a technology subsidiary of Saudi Aramco, for digital innovation in the Middle East and North Africa. Under the deal, the two sides agreed to build a sovereign cloud and super app optimized for the Middle East region. They will also join forces to develop sovereign artificial intelligence based on the Arabic language model. “Aramco Digital is the best partner to implement Naver's cutting-edge

Hyundai Motor Group has launched a virtual brand heritage world on Naver's metaverse platform Zepeto, the automaker announced Wednesday. Named "Timeless in Seoul," the virtual world features Hyundai's first self-developed and produced vehicle Pony and the automaker's awards-winning electric vehicle Ioniq 5. According to Naver, the number of Zepeto users has exceeded 300 million users worldwide. (Hyundai Motor Group)

Hyundai Motor Group and South Chungcheong Province have joined hands to lead the advanced air mobility (AAM) industry in the province. In a strategic move toward innovating the transportation sector, the province concluded a business agreement with the automotive group to foster the AAM-related industry in Cheonsuman Bay B District in Seosan, provincial government officials said. South Chungcheong Gov. Kim Tae-heum and Hyundai Motor Group executives attended the signing ceremony held at the prov

Korean internet giant Naver said Tuesday that it is debuting the world’s first web platform-enabled operating system for robots, called “Arc mind,” at this week’s LEAP 2024, a tech trade show held in Saudi Arabia. The company said the new platform combines the web platform technology of Naver Cloud’s Whale and the robotics software technology of Naver Labs. "Team Naver has continuously expanded its tech portfolio from web platform to robotics software by develo

Celebrating its third anniversary, the shopping complex has attracted millennials and Generation Z through pop-up stores, trendy dining spots

South Korea’s gross national income per capita rebounded to over $33,000 in 2023, marking a 2.6 percent rise on-year, while the national economy grew by 1.4 percent, preliminary data from the Bank of Korea showed Tuesday. The GNI per capita, a measure of the amount of money earned per person in a nation, stood at $33,745 last year, advancing by 2.6 percent from $32,886 in 2022. The figure, drawn up by dividing national income in a year by population, helps evaluate the standard of living.

Defense experts say it's not time for Hanwha Ocean and HD Hyundai Heavy Industries to fight

South Korean travel platform operator Yanolja is making a big push in cloud services, as it seeks to transform itself into a global tech solutions provider. As the company accelerates the expansion of its overseas solutions business, market watchers and investors are paying keen attention to whether the company will go public on the US stock market this year. According to industry sources on Tuesday, Yanolja is preparing for an initial public offering on either the New York Stock Exchange or Nas

ABU DHABI, United Arab Emirates – A fleet of chartered busses lined up to drop off Chinese tourists at the entrance of the Louvre Abu Dhabi, the Arab franchise of the famous French museum – a rare scene in the capital of the United Arab Emirates where most of the visitors come from India, Saudi Arabia, the US, and the UK. Located on a 24,000 square-meter site within the city’s Saadiyat Cultural District, the museum, known for its enormous metallic silver canopy, is a testament