SK Telecom, South Korea's leading telecommunications carrier, said Wednesday that it will host a hackathon event with California-based startup OpenAI next month in Seoul to discover talent who are likely to lead the future artificial intelligence industry. Prompter Day Seoul 2023 will run under the theme of developing services that can help humanity through AI. Planners, developers and designers who are interested in generative AIs can participate in the competition to develop services and

Binggrae, the nation’s largest snack maker, said Wednesday that it posted record sales of 77.5 billion won ($57.9 million) in overseas markets in the first half of this year. The figure is a 27 percent jump from a year ago and has more than doubled over the past five years. Binggrae attributed the upbeat earnings to its ice cream brands, especially its bestselling fruit-flavored ice cream Melona. Of the total earnings, 60.1 percent, or 46.6 billion won, came from ice cream sales. Melona al

Ourhome CEO Koo Ji-eun (center) greets World Scout Jamboree participants at the food company’s headquarters in Seoul, Monday. Ourhome, the official sponsor of food services during the youth event, said Wednesday some 500 UK Scouts were invited to participate in diverse events, including Korean food cooking classes and playing traditional games. "We fully prepared ourselves so that the Scouts who visited Korea can leave the country with good memories, and I am proud to see that the Sco

Indonesian Ambassador to Korea Gandi Sulistiyanto (second from left) poses with Hyundai Motor’s Ioniq 5 Batik edition during the Gaikindo Indonesia International Auto Show held in Jakarta on Thursday. The car is a special edition of Hyundai’s flagship electric compact inspired by Indonesia’s traditional dyeing technique, commemorating the 50th anniversary of bilateral ties between South Korea and Indonesia. The South Korean carmaker is the largest EV producer in Indonesia. (Cou

The European Chamber of Commerce in Korea said Wednesday it has appointed Stefan Ernst, a former executive of global skin care company Beiersdorf A.G., as its next president. Ernst will succeed Christoph Heider, who has led the chamber for the last 10 years, the ECCK said. Ernst will officially take office on Oct. 1. Ernst, a German, is known for his decadeslong experience in marketing and general management at global companies, including Beiersdorf and Accenture Song. Ernst spent a considerable

Samsung Electronics Co. will supply next-generation artificial intelligence semiconductors to US AI solutions firm Groq, the US company has said. The California-based fabless said Sunday it contracted with Samsung Foundry to "solidify Groq's product roadmap with a US-based foundry services provider." Groq's new chips will "be designed in partnership with Samsung's Foundry Design Service team and manufactured by Samsung on its SF4X process (4nm)," referring to S

Hyundai Motor Group said Tuesday that its Hyundai, Kia and Genesis brands won a total of seven Red Dot Design awards, one of the most prestigious design awards globally. The carmaker’s Genesis exhibition booth during the Seoul Mobility Show held earlier this year, seen in the photo, was one of the seven winners. (Hyundai Motor Group)

Lotte Group Chairman Shin Dong-bin was the highest-paid business leader in Korea for the first half of this year, regulatory filings posted Monday by major firms in Korea showed. Shin received total compensation of 11.2 billion won ($8.37 million) from the retail giant's six affiliates in the January-June period, up from 10.2 billion won tallied a year earlier. He maintained the highest-paid business leader title for a second consecutive year. The wage reflects Shin's management perf

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LG Electronics said Tuesday that its Universal Up’s Kit, a set of accessories that aim to enhance the accessibility of home appliances for disabled people, will be unveiled during the IFA trade show held in Berlin next month. The accessories include a detachable handle for a washing machine, a rotating rack for a refrigerator, and a silicon-based braille cover for a remote control. (LG Electronics)

The number of air passengers recovered to nearly 84 percent of the pre-pandemic level in July, government data showed Tuesday. A total of 8.98 million people boarded international and domestic flights last month, up 79 percent from a year earlier, according to data compiled by the Ministry of Land, Infrastructure and Transport. The number accounts for 83.8 percent of the 10.7 million tallied in July 2019, before the COVID-19 pandemic broke out. The number of international flight passengers more

Lotte Group Chairman Shin Dong-bin was rated as the highest-paid business tycoon among South Korea's major conglomerates in the first half of 2023, data showed Friday. Shin received a total of 11.2 billion won (US$8.4 million) in paychecks over the January-June period from six affiliates, slightly up from 10.2 billion won tallied a year earlier, according to the group's regulatory filing. Of the total, he received 4.53 billion won from Lotte Corp., the controlling unit of the retail co