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  • Tech & Science

    Tech leaders showcase technology at Quantum Korea 2026

    Leading technology companies and institutions showcased their latest quantum technology developments at Quantum Korea 2026, which opened on Thursday, as the government seeks to position Korea as a global leader in quantum technology through various policy initiatives. Hosted by the Ministry of Science and ICT since 2023, Quantum Korea will run through Saturday. This year’s edition focuses on how quantum technologies are being implemented and used in actual settings. A total of 56 companies and research organizations from 12 countries, including SK Telecom and KT, participated in the event, displaying quantum computer models and showcasing technologies that use quantum-based encryption and other security solutions. The telecom companies focused on quantum security solutions, as advances in quantum computing are expected to increase the risk of existing encryption systems being compromised. The key concept in their exhibitions was quantum key distribution (QKD) technology. QKD sends encryption keys using the quantum states of photons. Because observing a photon changes its quantum state,

    2 MIN READBy Nam Hyun-woo
    Tech leaders showcase technology at Quantum Korea 2026
  • Companies

    Korea expresses regret over US House committee’s 'lopsided' Coupang report

    2 MIN READBy Ko Dong-hwan
    Korea expresses regret over US House committee’s 'lopsided' Coupang report
  • Companies

    KEPCO rallies industry to commercialize direct current power systems

    2 MIN READBy Lee Kyung-min
    KEPCO rallies industry to commercialize direct current power systems
  • Companies

    BYD Korea looks to offset subsidy exclusion with PHEV sales

    2 MIN READBy Lee Min-hyung
    BYD Korea looks to offset subsidy exclusion with PHEV sales
  • Companies

    POSCO resets portfolio, expands into energy, lithium

    2 MIN READBy Ko Dong-hwan
    POSCO resets portfolio, expands into energy, lithium
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Companies

HD Hyundai Samho wins $280 mil. container ship order in Oceania

HD Hyundai Samho Heavy Industries, a Korean shipbuilder, said Friday it has secured a 386.8 billion-won ($280 million) order to build two container carriers for a client in the Oceania region. The vessels will be delivered in phases to an undisclosed shipping company in Oceania by March 2028, the company said in a regulatory filing. HD Hyundai Samho Heavy is one of three affiliates under HD Korea Shipbuilding & Offshore Engineering (HD KSOE), alongside HD Hyundai Heavy Industries and HD Hyundai Mipo Dockyard. HD KSOE is a subholding company of HD Hyundai, formerly known as Hyundai Heavy Industries Holdings. With the latest order, HD KSOE has secured shipbuilding contracts worth $6.98 billion so far this year, achieving 38.7 percent of its annual order target of $18.05 billion.

May 30, 2025By Yonhap
HD Hyundai Samho wins $280 mil. container ship order in Oceania
Tech & Science

Korea approves domestic operations of Starlink, OneWeb satellite internet services

Korea has approved requests from U.S. space firm SpaceX and Britain's OneWeb to launch their satellite internet services in the country, the science ministry said Friday. The government approved three separate cross-border supply agreements: one between SpaceX and Starlink Korea; a second between Hanwha Systems and OneWeb; and a third between KT Sat and OneWeb, the Ministry of Science and ICT said in a press release. To advance its Starlink service, SpaceX has established a local subsidiary, Starlink Korea. "The approval comes after reviewing three key factors: the potential for stable service provision, the expected impact on the domestic telecommunications market and consumer protection," the ministry said. Local frequencies became available for Starlink and OneWeb following a recent revision to the Radio Waves Act. As for the launch timeline, the ministry said services could begin as early as June or later this year. Starlink offers high-speed, low-latency internet service worldwide via a constellation of low Earth orbit (LEO) satellites. Under Korean law, foreign companies must sign a s

May 30, 2025By Yonhap
Korea approves domestic operations of Starlink, OneWeb satellite internet services
Companies

Daehong Communications to host contest for future talent in media industry

Daehong Communications, the media and advertising arm of Lotte Group, will host a contest to discover future talent in the industry. The company announced Thursday that it will hold the 42nd Daehong Creative Awards this July. Launched in 1984, the awards have served as a gateway for college students aspiring to build careers in communications, media, and advertising. Over 4,000 students have participated in the awards every year. Applications will be accepted online from July 11 to 17 in five categories: visual (for print and visual concepts), film (covering TV and video ads), digital content, experience (for online and offline customer engagement), and outdoor activation (for interactive outdoor campaigns). The contest winners will be announced in September. The grand prize-winning team will receive 5 million won (approximately $3,700) and an internship opportunity at Daehong Communications. Participants will develop campaigns by utilizing Lotte Group’s nine brands, including Lotte Wellfood, Lotte Chilsung, Lotte World, Uniqlo and Nexen Tire, targeting the country’s Gen Z-ers. For mor

May 30, 2025
Daehong Communications to host contest for future talent in media industry
Companies

Will Samyang Foods defy 'emperor stock' curse?

The shares of Samyang Foods, the maker of the globally popular Buldak instant noodles, recently surpassed 1 million won ($723.43), earning the coveted title of "emperor stock." While the price has already surged tenfold in two years, brokerages scramble to raise their target prices, with some estimates reaching as high as 1.7 million won. Few believe the ride is over. Choi, a financial industry worker based in Yeouido, is confident the rally has room to continue. The 33-year-old said he has been recommending the stock to friends and colleagues since it was in the 600,000 won range. Yet, his advice has often been met with lukewarm responses. "With a single share now priced at over 1 million won, it’s understandably a bit burdensome to buy in at this point," he added. As the stock shows no signs of cooling, attention is turning to whether Samyang Foods will soon fall victim to the so-called "emperor stock curse." In Korea’s stock market, companies whose shares surpass the 1 million won mark have often faced sharp declines afterward, leaving peak-time investors to endure years of losses. F

May 30, 2025By Lee Yeon-woo
Will Samyang Foods defy 'emperor stock' curse?
Companies

Crisic Lotte Group seeks AI innovation in global market

Lotte Group vowed Thursday to utilize artificial intelligence (AI) technology ethically in its mission to strengthen its presence in the global market. According to the country’s largest retailer, it recently had an in-house event to enact an ethics charter on its employees’ use of AI. During the event, it announced its six major ethical pillars when using AI technology: mutual respect, safety, transparency, fairness, responsibility and solidarity. “These pillars are based on the UNESCO and Ministry of Science and ICT’s AI ethics guidelines,” a group official said in a press release. “The group’s efforts in AI will contribute to the good of all mankind.” It added that the group and its affiliated companies have strongly encouraged its workers to use AI technology to improve the group’s competitiveness in the global market. “Lotte Chemical has developed an AI-powered simulation system helping match a customer’s preferred synthetic resin color. It helped improve the company’s productivity by 50 percent,” the official said. “(The group’s other petrochemical affi

May 30, 2025By Jhoo Dong-chan
Crisic Lotte Group seeks AI innovation in global market
Companies

Hanwha Ocean partners with Canada's security, defense firms for submarine project

Hanwha Ocean, a major Korean shipbuilder, said Friday it has partnered with Canadian security and maritime defense firms as part of its bid for Canada's submarine project. The company signed separate memorandums of understanding (MOUs) with BlackBerry and L3Harris MAPPS during CANSEC 2025, a Canadian defense exhibition held Wednesday and Thursday in Ottawa, according to Hanwha Ocean. Under the agreements, Hanwha Ocean will collaborate with BlackBerry on cybersecurity and with L3Harris MAPPS on integrated simulation and platform automation technologies. Hanwha Ocean said the partnerships aim to strengthen the company's position in the Canadian Patrol Submarine Project (CPSP), a submarine procurement program estimated to be worth up to 60 trillion won ($43.7 billion). Both Canadian companies have longstanding experience working with the Canadian Navy, it added. As part of its CPSP proposal, Hanwha Ocean showcased the KSS-III submarine, which can remain submerged for over three weeks and has an estimated range exceeding 7,000 nautical miles, during CANSEC 2025.

May 30, 2025By Yonhap
Hanwha Ocean partners with Canada's security, defense firms for submarine project
Business

Seoul minister urges minimal impact of US tariffs on energy cooperation in meeting with US lawmakers

Industry Minister Ahn Duk-geun on Friday met with visiting U.S. lawmakers and urged measures to minimize negative impacts on bilateral cooperation in energy and supply chains from Washington's tariff scheme, his office said. Ahn held talks with Rep. Bruce Westerman (R-AR), chair of the committee; Rep. Nick Begich (R-Alaska); Rep. Harriet Hageman (R-WY); Rep. Celeste Maloy (R-UT); and Rep. Sarah Elfreth (D-MD) in a closed-door meeting in Seoul, according to the Ministry of Trade, Industry and Energy. The lawmakers are members of the Committee of Natural Resources in the U.S. House of Representatives. In the meeting, Ahn called for U.S. lawmakers' efforts to prevent the U.S. tariff measures from negatively affecting the two countries' collaboration in the industrial and energy sectors amid global supply chain uncertainties. Ahn also proposed strengthening energy cooperation to address trade imbalance and energy security issues, according to the ministry. Amid ongoing trade negotiations with Washington, Seoul has been considering expanding energy purchases from the United States to reduce it

May 30, 2025By Yonhap
Seoul minister urges minimal impact of US tariffs on energy cooperation in meeting with US lawmakers
Companies

SK hynix's non-manufacturing workers demand 8.25% wage hike in 2025 negotiations

Unionized non-manufacturing workers at chip giant SK hynix have entered wage negotiations with management, demanding an 8.25 percent pay increase, industry sources said Friday. The two sides held their first round of talks for the 2025 wage deal Wednesday, according to the sources. The union, one of the company's two major unions, demanded an 8.25 percent hike in salary and other benefits, citing the company's record-breaking performance last year. In 2024, the company and the union agreed on a 5.7 percent rise in wages. That year, SK hynix posted a record 19.8 trillion won ($14.4 billion) in net profit and 66.2 trillion won in sales on the back of rising demand for artificial intelligence (AI) chips, including high bandwidth memory (HBM). The company gave additional bonuses totaling 1,500 percent of their base salary to its employees earlier this year. SK hynix holds separate wage negotiations with its unions for office and manufacturing workers.

May 30, 2025By Yonhap
SK hynix's non-manufacturing workers demand 8.25% wage hike in 2025 negotiations
Companies

TEST DRIVE Volkswagen Atlas SUV set to challenge Palisade with comfortable ride

YEONGJONG ISLAND, Incheon — Volkswagen Group Korea’s Atlas SUV aims to challenge the Hyundai Motor Palisade's stronghold in the local family vehicle market. The Atlas recently made its debut in Korea, seeking to capture the rising demand for three-row family SUVs. The vehicle was as comfortable and soft as typical sedans during a one-hour test drive from Seoul to the West Sea island. The Atlas looked to focus on ensuring driving comfort to appeal more to customers seeking a family vehicle. Unlike other common German vehicles, the Atlas exuded softer driving performance during drives both in a highway and a city. The SUV was equipped with a turbocharged 2.0-liter gasoline engine. Its maximum output reaches 273 horsepower. However, it felt like this was not sufficient for the huge SUV, with a length reaching 5,095 millimeters, the longest among vehicles available for sale in the same segment here. At some points along the highway, the Atlas displayed weak acceleration performance, which was the largest downside to the vehicle. Despite the shortcomings, it was still a decent option for t

May 30, 2025By Lee Min-hyung
[TEST DRIVE] Volkswagen Atlas SUV set to challenge Palisade with comfortable ride
Companies

Prosecutors search K-pop powerhouse HYBE over allegations of fraudulent trading

Prosecutors have raided HYBE, the K-pop agency behind global superstar group BTS, over allegations of insider trading by one of its executives, judicial sources said Thursday. According to the sources, the Seoul Southern District Prosecutors' Office recently searched HYBE's headquarters in central Seoul to investigate allegations that an executive gained illicit profits worth 240 million won ($176,500) through stock trading using insider information. The executive, whose identity was withheld, is suspected of purchasing shares of YG Plus, an affiliate of another K-pop powerhouse YG Entertainment, after learning of HYBE's plan to invest in the company. Separately, HYBE founder and Chairman Bang Si-hyuk has also been under police investigation over charges that he intentionally misled investors ahead of the company's initial public offering in 2020.

May 29, 2025By Yonhap
Prosecutors search K-pop powerhouse HYBE over allegations of fraudulent trading
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