[THE INVESTOR] Nexon GT said on July 29 that it has decided to withdraw its “Sudden Attack 2” game by Sept. 29. The decision came just 23 days after the game was introduced, and comes amid controversy over its alleged exploitation of the female sexuality. Nexon GT deleted some of the characters, but was unable to quench the criticism, which further mounted on a scandal involving Nexon founder Kim Jung-ju and his friend and prosecutor Jin Kyung-joon who was arrested and indicted today. Nexon GT h

[THE INVESTOR] Seven South Korean conglomerates joined hands to launch on July 29 a research institute focused on artificial intelligence technologies. Samsung Electronics, Hyundai Motor, SK Telecom, KT, LG Electronics, Naver and Hanwha Life Insurance have contributed 3 billion won (US$2.67 million) each to launch the AI Research Institute. 123rf“We will bring in the best human resources and develop core technology for the information intelligence society,” said Kim Jin-hyung, head of the instit

[THE INVESTOR] Michelin guide’s Seoul edition will be available online through South Korea’s portal giant Naver.Michelin Korea has signed an agreement with Naver for digital partnership, it said on July 29, in time for the release of Seoul edition.  Naver headquarters in Bundang, Gyeonggi Province.Based on Naver’s free mobile homepage-making platform modoo!, the digital version of the world’s oldest and most recognized guide on Seoul will be published in Korean and English. In addition to the di

[THE INVESTOR] Korea’s antitrust watchdog has fined the hot-selling food delivery app Baedal Minjok and five other similar firms for slyly manipulating online user reviews.The Fair Trade Commission announced on July 28 that it imposed a combined fine of 17.5 million won (US$16,000) on the six food delivery app companies for hiding negative online reviews and ordering their employees to post positive ones.Baedal Minjok is the No. 1 food delivery app in Korea.The companies were also found to have