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Ha Jung-woo, standing vice chair of the Presidential Council on National Artificial Intelligence Strategy, pledged Monday to put execution at the center of Korea’s bid to become one of the world’s top three AI powers. In his inaugural address, Ha identified semiconductors, physical AI and AI data centers as the three pillars of the government’s strategy. “The world is entering a new era shaped by AI,” Ha said. “The council must set the country’s AI vision and serve as the center of national AI g
Innocean Worldwide is expanding its roster of nonaffiliated clients in the US while consolidating its local operations in the Los Angeles area. The advertising company said Monday that it had recently secured Five Guys, the California Lottery and beauty tools brand Tweezerman as clients. Canvas Worldwide, Innocean’s US media subsidiary, was named media agency of record for Five Guys and the California Lottery. It will oversee integrated media strategy, planning and buying, data analytics and per
Hanwha Group's financial affiliates will hold a global finance conference in New York in November, bringing together financial industry leaders and aspiring professionals to discuss how artificial intelligence and technological change are reshaping finance and the skills required in the industry. PLUS, the joint brand of Hanwha's financial affiliates, has opened applications for PLUS NY 2026, which will take place at The Glasshouse in Manhattan on Nov. 13. Under the theme "The New Finance Fronti
Hyundai Capital has begun financial operations in India, launching its 14th overseas finance unit as it seeks to support Hyundai Motor Group's expansion in the world's third-largest automobile market. Hyundai Capital India officially started operations after converting its existing consulting entity into a financial company, Hyundai Capital said Monday. The unit will operate as a stand-alone subsidiary under Hyundai Capital's independent management. The company secured a nonbanking financial com
LG Electronics is stepping up efforts to recruit overseas research and development talent to support its expansion into robotics, AI data-center cooling and mobility. The South Korean electronics-maker hosted about 100 doctoral researchers, engineers and R&D professionals from leading US universities, technology companies and startups at its North America Tech Conference in San Francisco on Saturday. Participants included researchers from Stanford University, Harvard University, the Massachusett
Samsung Electronics showcased its glasses-free 3D display technology through interactive gaming experiences at Gamescom 2026, demonstrating its potential as a business-to-business retail and exhibition solution. At its largest-ever booth at the gaming event in Cologne, Germany, Samsung used Spatial Signage to create fan experiences in partnership with esports team T1 and Pearl Abyss’ open-world action-adventure game “Crimson Desert.” Spatial Signage is a glasses-free 3D display designed to give
South Korea has launched its first government-backed container ship voyage through the Arctic in a decade, testing whether a route 35 percent shorter than the Suez Canal passage can become commercially viable despite high operating costs, limited cargo and geopolitical risks. The PanStar Acro departed Busan New Port on Aug. 22 carrying 737 twenty-foot-equivalent units of cargo. It will travel through the Northern Sea Route and call at Felixstowe in Britain, Rotterdam in the Netherlands and Gdans
China’s Yangtze Memory Technologies is forecast to increase NAND wafer output by nearly 25 percent next year, as it seeks to catch up with its Korean rivals, whose major expansions are not expected until 2028. Market tracker Omdia expects YMTC’s annual NAND output will rise by 486,000 wafers, from 2.01 million this year to 2.50 million in 2027, according to industry sources Sunday. The expansion will be driven largely by the company’s third plant in Wuhan, which is scheduled to begin initial ope
President Lee Jae Myung on Sunday nominated two-term Democratic Party of Korea lawmaker Lee So-young as minister of SMEs and startups, ending a 61-day vacancy following Han Seong-sook’s departure to become prime minister. Presidential chief of staff Kang Hoon-sik said Lee, 41, had built policy experience in startup support, small-business protection and innovation-led growth. She must undergo a National Assembly confirmation hearing before taking office. A former lawyer at Kim & Chang, Lee enter
CJ Logistics said Sunday it would accelerate its overseas expansion in the second half as it shifts its focus from scale to profitable growth. At a town hall meeting held Thursday at the company’s Seoul headquarters, CEO Shin Young-soo reviewed first-half performance and outlined priorities for the rest of the year. Shin said parcel volumes and fulfillment sales rose by double digits in the first half despite difficult business conditions. The company also improved productivity and cost competit
Chipotle bets on Korea for first bite of Asia
Samsung vs. LG battle for AI cooling heats up
Musinsa posts record earnings on offline, global expansion
One purchase every 0.9 second: Olive Young foreign sales top W1tr
Samsung, SK hynix tax payments surge 167% on chip boom
SK Chemicals eyes European can-coating market
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