Korea

Hanwha Aerospace Reduces Stock Offering to 2.3 Trillion Won: A Strategic Move Amid Market Volatility

1 month ago

In a significant shift for the South Korean aerospace industry, Hanwha Aerospace has announced a reduction in the size of its stock offering. The company has now set its sights on a fundraising target of approximately 2.3 trillion won. This decision comes in response to fluctuating market conditions and a strategic pivote to align with investor sentiments.

BYD Set to Double Sales Network in South Korea in a Bold Move Against Hyundai

2 months ago

In a significant strategic move aimed at expanding its footprint in the competitive South Korean automotive market, Chinese electric vehicle manufacturer BYD has announced plans to double its sales network across the country. This expansion comes as BYD seeks to challenge the dominance of local automotive giant Hyundai, which has long been a major player in the region.

North Korean Cyber Warriors Shift Focus: Threats Targeting Europe Intensify

2 months ago

Recent intelligence reported by Google indicates a significant increase in cyber warfare efforts emanating from North Korea, with a particular emphasis on targeting European nations. The assertion emerges from ongoing security assessments that highlight the adept capabilities of North Korean hackers, commonly referred to as "IT warriors".

AI Innovation on the Rise: WRTN Secures Funding in South Korea's Booming Chatbot Sector

2 months ago

In a significant development within the artificial intelligence landscape, WRTN, a pioneering chatbot aggregator platform, has successfully attracted substantial funding in a recent deal that underscores the growing investment interest in AI ventures in South Korea. The influx of capital is positioned to bolster WRTN's capabilities, enabling it to enhance its offerings and expand its market reach.

South Korea and U.S. Engage in Crucial Trade Discussions in Washington

2 months ago

In a significant move to bolster economic ties, trade officials from South Korea and the United States convened in Washington on March 15, 2025, embarking on crucial dialogue aimed at addressing various trade concerns and enhancing bilateral cooperation.

GM Korea Union Leaders Travel to US Amid Concerns Over Trump Tariffs

2 months ago

In a significant development impacting the automotive sector, leaders from the General Motors (GM) union in Korea are set to embark on a crucial visit to the United States. This trip comes at a time when there are growing concerns regarding potential tariffs imposed by the Trump administration, which could have profound effects on the operations of foreign automobile manufacturers in the U.S. market.

Coupang Surpasses Profit Estimates Amid Slowing Sales Growth

3 months ago

In a noteworthy financial throng, Coupang, the renowned South Korean e-commerce giant, has reported an impressive quarterly profit that eclipses market expectations, despite the company's sales growth showing signs of slowing. The results highlight the firm’s resilience in a challenging economic landscape as it continues to adapt to changing consumer behaviors and market dynamics.

Korean Regulator Suspends Dunamu Services Amid Regulatory Breach Concerns

3 months ago

In a significant regulatory move, South Korea's top financial watchdog has decided to suspend certain services offered by Dunamu, the operator of the popular cryptocurrency exchange Upbit. This action, announced recently, comes in response to violations of existing regulations aimed at ensuring the safety and integrity of financial transactions in the digital asset market.

Samsung and Union Settle on Wage Increase for 2025 Amidst Tensions

3 months ago

In a significant development, Samsung Electronics has reached an agreement with the labor union to implement a 5% wage increase for its employees in 2025. This decision comes after a season marked by tense negotiations between the tech giant and its labor representative, which had raised concerns about employee satisfaction and working conditions.

South Korea Ramps Up Cybersecurity Measures by Blocking DeepSeek Access on Government Devices

3 months ago

In a significant move to bolster its cybersecurity framework, South Korea has officially restricted access to a cutting-edge AI-powered tool known as DeepSeek on all government-issued devices. This decision comes amid growing concerns over data privacy and the potential misuse of advanced technologies in governmental operations.