Internet of Things

Tech, Media & Telecom RaonSecure to supply biometrics to SBI Sumishin Net Bank

South Korean cybersecurity firm RaonSecure Co. said on Monday it signed a $2.5 million contract with SBI Sumishin Net Bank, the largest internet ban...

Leadership & Management LG Group carries out modest management reshuffle

Cho Joo-wan will continue to lead LG Electronics Inc. as chief executive after its parent LG Group on Thursday carried out modest reshuffles in its ...

Banking & Finance KakaoBank, SCBX to open internet bank in Thailand

South Korea's KakaoBank Corp. said on Sunday it partnered with Thailand’s financial giant SCBX to establish a local virtual bank.   ...

Artificial intelligence Naver to set up Middle Eastern headquarters in Saudi Arabia

Naver Corp., which has been actively seeking to unlock opportunities in the Middle East with its new growth engines artificial intelligence, cloud a...

Entertainment Korea’s Everland to lure horror fans with Netflix series

Everland, South Korea’s largest theme park, is set to lure horror movie fans at home and abroad with famous fright series such as “Stran...

Earnings SK Telecom logs higher quarterly profit on AI, lower costs

SK Telecom Co., South Korea’s top mobile carrier, reported a higher quarterly profit as its cost-cutting and strong artificial intelligence (A...

Tech, Media & Telecom KT introduces 10 GB Combo Internet

South Korea's KT Corp. announced on Wednesday that it introduced Combo Internet technology to its network, enabling the provision of 10-gigabit Inte...

Tech, Media & Telecom KT launches Genie TV Tab 3

South Korea's KT Corp. launched the tablet-type Internet TV device Genie TV Tab 3 on Thursday.The Genie TV Tab 3 can be used to watch live channels ...

Banking & Finance Toss Bank exceeds 10 mn customers

South Korea’s fintech platform Toss Bank saw that its subscribers surpassed 10 million. According to the company, it's been two years and...

Artificial intelligence S.Korea's Upstage to develop on-device AI Office

South Korea's artificial intelligence (AI) startup Upstage announced on Thursday that it will co-develop and commercialize On-device AI Office with ...

Earnings KT’s 2023 sales rise to all-time yearly high on wireless, internet business

South Korea’s leading telecommunications company KT Corp. on Thursday posted record annual sales revenue for 2023, buoyed by steady growth in ...

Korean food After frozen Kimbap craze, here comes Korean street food

It all began in August, when hundreds of tons of frozen South Korean kimbap, or seaweed-wrapped rice rolls, sold out within a month of their arrival...

Bio & Pharma Biopharma M&As: Next big thing for South Korean manufacturers

When Orion Corp., known for its signature snack cake Choco-Pie, announced a $415 million deal to acquire biotech startup LegoChem Biosciences Inc. l...

Tech, Media & Telecom Korea’s 6G frequency bands picked as standard candidates

Sixth-generation (6G) communication frequency bands proposed by South Korea have been adopted as global standard candidates by the industry's freq...

Earnings Kakao bets on AI bot for breakthrough

Kakao Corp., the operator of South Korea’s dominant chat app KakaoTalk, will seek a breakthrough with an artificial intelligence-powered bot a...

Tech, Media & Telecom Samsung Elec to develop spam filter with public web body

Samsung Electronics Co. and the Korea Internet & Security Agency (KISA) on Wednesday signed a memorandum of understanding on minimizing damage t...

Entertainment KT internet TV shines after embracing OTT content

KT Corp., South Korea’s top telecom operator, has bucked the trend in the internet TV market, where over-the-top players such as Netflix Inc. ...

Culture & Trends Are virtual idols the next big thing in K-content?

South Korea's booming virtual idol sector, which combines K-pop content and technology, is fueling interest on the enter-tech (entertainment and tec...

Artificial intelligence S.Korean LLM war intensifies to fend off ChatGPT

South Korean technology companies, both big and small, are rushing to advance Korean large language models (LLM) to fend off the pioneering chatbot ...

K-pop K-pop group aespa to premiere ‘Better Things’ single in LA

K-pop girl group aespa will hold a concert "aespa LIVE TOUR 2023 - SYNK: HYPER LINE" at the Crypto.com Arena in Los Angeles, US, on August 13, their...

Aerospace & Defense Hanwha Systems pursues space internet service

South Korea's Hanwha Systems Co. on Tuesday announced completion of its registration the day before as a facility-based communications operator with...

Korean startups AI startup Liner adds GPT service to Samsung Internet Browser

South Korea’s Liner, an artificial intelligence search platform startup, on Thursday announced the release of Liner Copilot, an extension for ...

Banking & Finance S.Korea's KakaoBank to launch internet bank in Thailand

South Korea's KakaoBank Corp. has begun its advance into Southeast Asia through a tie-up with a financial company in Thailand. KakaoBank on Friday ...

Perspectives US default drama is last thing South Korea needs

At a White House dinner last month, Yoon Suk Yeol turned heads singing Don McLean’s “American Pie.” It was a uniquely lighthearted m...

Artificial intelligence Korean AI developers scurry to jump on generative AI bandwagon

AlphaGo was behind the first artificial intelligence shock in South Korea after its landslide victory in a Go match against the country’s lege...

Entertainment HYBE bets big on AI; to unveil generative AI project in May: Chairman Bang

HYBE Co. is set to wow the world again but this time with the much-hyped generative artificial intelligence technology as it plans to unveil an unpr...

Tech, Media & Telecom S.Korea's Naver gets global compliance certification

South Korea’s top search portal Naver Corp. said on Friday that it had received a global certification for its compliance management system fr...

Banking & Finance S.Korea's K Bank posts highest net profit in 2022

K Bank, a South Korean Internet-only bank, reported a net profit of 83.6 billion won ($63.6 million) in 2022, which nearly quadrupled compared to th...

Artificial intelligence S.Korea's Bespin Global launches all-in-one AIoT

South Korea's cloud solution provider Bespin Global said on Thursday that it would launch "IoTOps," a software as a service (SaaS)-based artificial ...

Tech, Media & Telecom Korea internet data center construction faces health issue

South Korea’s information technology industry hit a snag with building new internet data centers (IDCs) due to controversies over the potentia...