CJ OliveNetworks drives AI shift with smart factory tech

CJ OliveNetworks is stepping up efforts to drive digital transformation in Korea’s food and beverage industries, leveraging smart manufacturing and logistics technologies to help companies accelerate AI-powered operations, the company said Tuesday. The push draws on the company’s technological expertise gained from developing and operating information technology services across the CJ Group. Korea’s premium distilled soju brand Hwayo has adopted CJ’s Factory One smart factory system at its Yeoju

Dec. 2, 2025

[Photo News] Kakao Bank wins top anti–money laundering award

Dec. 2, 2025

Triple play: Samsung opens future of phones with Galaxy Z TriFold

Samsung Electronics on Tuesday unveiled the Galaxy Z TriFold, its most ambitious entry yet in the foldables category — a device the tech giant hopes will reinvigorate a global smartphone market weighed down by stagnant demand and limited innovation. At a press event in Seoul, Lim Sung-taek, Samsung’s vice president of domestic sales, described the TriFold as “the most advanced and innovative product the company has ever created,” positioning it as a demonstration of Samsung’s engineering leaders

Dec. 2, 2025

Most-in-demand skill? New report points to facility safety managers with electrical licenses

Electrical certifications are the most sought-after qualifications among Korean companies, a report showed Tuesday. According to the study of 138,353 job postings analyzed by the Korea Employment Information Service, over over 22,000 sought candidates with electrical-related licenses -- 12,082 for qualified industrial electrical engineers and another 10,323 for qualified electrical engineers. These certifications are essential for roles involving power facilities in manufacturing, construction a

Dec. 2, 2025

BOK to step up monitoring of prices amid growing inflationary pressure

The central bank said Tuesday it will closely monitor consumer inflation given recent rising living costs, though it projects inflation to gradually trend down near 2 percent. Bank of Korea Deputy Gov. Kim Woong made the pledge during a meeting to review inflation trends, after government data showed consumer prices rose 2.4 percent on-year in November, remaining in the mid-2 percent range for the second consecutive month. "November's price increase was driven by higher petroleum product prices

Dec. 2, 2025

Rival parties settle deal on 2026 budget, clear way for Natl. Assembly to pass it Tues.

Rival parties have reached a last-minute deal on next year's national budget and agreed to pass it through the National Assembly on Tuesday, clearing the way for lawmakers to approve an annual budget bill within the legal deadline for the first time in five years. The ruling Democratic Party and the main opposition People Power Party reached the agreement during a meeting of their floor leaders earlier in the day and decided to hold a plenary session at 4 p.m. to put the budget bill to a vote. T

Dec. 2, 2025

Arirang 7 multipurpose satellite successfully put into orbit

Arirang 7, South Korea's multipurpose satellite, has successfully entered orbit after lifting off from a space center in South America, the country's space agency said Tuesday. Also known as the Korea Multipurpose Satellite 7, the satellite was deployed from the Vega-C rocket 44 minutes after launching from the Guiana Space Centre in French Guiana at 2:21 p.m. Monday (French Guiana time), or 2:21 a.m. Tuesday (Korean time), according to the Korea AeroSpace Administration. The rocket is operated

Dec. 2, 2025

Seoul shares open sharply higher despite overnight US losses

South Korean stocks opened sharply higher Tuesday, jumping nearly 1 percent, despite overnight US losses. The benchmark Korea Composite Stock Price Index added 38.52 points, or 0.98 percent, to 3,958.89 in the first 15 minutes of trading. Overnight, Wall Street gave back some of last week's rally as Bitcoin fell again. The S&P 500 slipped 0.2 percent, and the Dow Jones Industrial Average was down 0.5 percent while the tech-heavy Nasdaq composite was 0.2 percent lower. In Seoul, most-large cap sh

Dec. 2, 2025

Consumer prices rise 2.4% in Nov., surpassing 2% target for 3 consecutive months

South Korea's consumer prices grew over the Bank of Korea's 2 percent target for the third consecutive month in November, largely due to sharp increases in agricultural and petroleum product prices amid a weak Korean won, government data showed Tuesday. Consumer prices, a key gauge of inflation, increased 2.4 percent from a year earlier last month, according to the data from the Ministry of Data and Statistics. In 2025, inflation had remained above 2 percent for four consecutive months through A

Dec. 2, 2025

Seoul shares end almost flat on profit-taking amid uncertainties

South Korean stocks closed almost unchanged Monday as investors sought profits amid increased uncertainties. The Korean won increased against the US dollar. After a choppy session, the benchmark Korea Composite Stock Price Index went down 6.22 points, or 0.16 percent, to close at 3,920.37. Trade volume was thin at 293.7 million shares worth 11.69 trillion won ($7.95 billion), with winners beating losers 489 to 380. Foreign and individual investors purchased a net 215.4 billion won and 52.8 billi

Dec. 1, 2025

Netmarble accelerates global push with 2026 lineup

South Korean gaming giant Netmarble is accelerating its global push with a lineup of new titles slated for release through 2026. The company plans to roll out a wide range of games, including StoneAge: Idle Adventure, The Seven Deadly Sins: Origin, SOL: enchant, Mongil: Star Dive, Solo Leveling: Karma, Project Octopus, Evilbane and Shangri-La Frontier. The lineup spans genres gaining traction in the global market, such as the rogue-lite RPG Solo Leveling: Karma and co-op action title Evilbane. I

Dec. 1, 2025

Coupang received threat emails ahead of massive data leak reveal

E-commerce giant Coupang received anonymous emails threatening to disclose a major data breach that compromised the personal information of 33.7 million users, police said Monday. Police confirmed that they have identified two separate email accounts used to send the messages, one to Coupang customers on Nov. 16 and another to the company’s customer service center last Tuesday. The emails reportedly claimed to possess customer data and warned that the breach would be made public unless Coupang i

Dec. 1, 2025

Ex-Coupang employee linked to breach handled access controls

A former employee who had worked in Coupang's authentication and access management systems reportedly leaked personal data by using internal access rights from outside the system after leaving the company. According to internal documents released Monday by Rep. Choi Min-hee, chair of the National Assembly’s Science, ICT, Broadcasting and Communications Committee, Coupang failed to revoke the access keys issued to the former employee, who allegedly used them to authenticate access tokens — digita

Dec. 1, 2025

Hyundai Motor turns to local CEOs in high-stakes Asian reset

Hyundai Motor Co. is undertaking its most sweeping overhaul of Asian leadership since appointing Jose Munoz as its first foreign CEO last year — a move that reflects a broader strategic pivot toward deeper localization, as the automaker confronts intensifying US tariff risks and mounting pressure from Chinese EV competitors. By naming new local chiefs in China, Japan and India, Hyundai aims to accelerate decision-making in three of its most complex and strategically sensitive markets. But the sh

Dec. 1, 2025

FSS chief puts Upbit on notice over ‘serious’ security failures

The head of South Korea's banking regulator issued a stern warning to Upbit on Monday, signaling that the crypto exchange could face strong measures after a major security lapse enabled hackers to steal roughly 45 billion won ($30.6 million) worth of virtual assets. Financial Supervisory Service Gov. Lee Chan-jin said the scale and nature of the breach and Upbit’s inadequate response “cannot be treated lightly,” underscoring growing regulatory frustration with repeated cybersecurity failures acr

Dec. 1, 2025