Yonsei University has upgraded its quantum computer with IBM’s latest processor, increasing its quantum circuit throughput 25-fold compared with its previous Eagle processor, according to IBM, as the university seeks to strengthen its leading position in quantum computing research in Korea. Installed at Yonsei University’s International Campus in Songdo, Incheon, the Nighthawk r2 processor makes Yonsei the first IBM Quantum Network participant to operate Nighthawk at its own facility, according

The Seoul High Court on Wednesday upheld a sentence that would invalidate former President Yoon Suk Yeol's 2022 election victory, putting the main opposition People Power Party at risk of having to return 39.7 billion won ($27 million) in state-reimbursed campaign expenses. The Seoul High Court on Wednesday sentenced Yoon to a suspended prison term for making false statements during his 2022 presidential campaign. Under the Public Official Election Act, a prison sentence, even if suspended, inva

Remains of two shipwrecks believed to date to the Goryeo Kingdom (918-1392) have been identified off the coast of Mado in Taean, South Chungcheong Province, offering new clues as to how goods were transported to the kingdom's capital. The National Research Institute of Maritime Heritage announced Wednesday that underwater excavations near the island this year confirmed the remains of a vessel designated Mado No. 5 and uncovered evidence of another shipwreck, provisionally identified as Mado No.

For years, Jinyoung has been better known as a member of K-pop boy band GOT7, which helped establish his career in the music industry. Now, a different side of him is drawing attention. In tvN’s ongoing period drama “100 Days of Deception,” the singer-actor plays an interpreter whose seemingly cold demeanor masks a more layered personality. His restrained performance has drawn attention from viewers, some of whom were surprised to discover he was already an established K-pop star. The discovery

South Korean brokerages are sitting out Anthropic's blockbuster US initial public offering, potentially leaving Korean retail investors without access to shares before the AI company's Nasdaq debut. Their reluctance comes after Mirae Asset Securities failed to secure any share allocations for its clients despite participating in SpaceX's IPO underwriting syndicate. The US artificial intelligence company filed its Form S-1 registration statement with the Securities and Exchange Commission on Oct.

Korea Investment & Securities seeks to deepen its partnership with US asset manager Neuberger Berman to bring Korean investors more global investment opportunities, particularly in high-growth sectors such as aerospace, semiconductors and private companies preparing to go public. KIS said Wednesday that its President and CEO Miller Kim met with Neuberger Berman Chairman and CEO George Walker and other senior executives at its headquarters in Yeouido, Seoul, to discuss expanding their cooperation

Jobplanet, an online recruitment platform operated by Worxphere, exchanged views with LinkedIn executives on Korea’s hiring market and the role of artificial intelligence in recruitment, the company announced Wednesday. At its Seoul headquarters on Oct. 19, where LinkedIn Ecosystem Chief Product Officer Hari Srinivasan led a delegation of vice presidents, Jobplanet explained what sets the Korean market apart. Companies juggle open, rolling and performance-based hiring at once, and an aging workf

Kakao Bank posted a 25.2 percent rise in net profit for the first nine months of the year, as the South Korean internet-only lender expanded loans to individual business owners and grew its platform business. Net profit reached 469.8 billion won ($351.8 million) in the January-September period, the bank said Wednesday. Third-quarter profit rose 27.2 percent from a year earlier to 141.7 billion won, while revenue for the nine-month period increased 8.7 percent to 2.53 trillion won. The bank kept

Samsung Electronics has secured Korean medical-device approval from the Ministry of Food and Drug Safety for the "Hearing Test" and "Hearing Aid" functions on its Galaxy Buds4 Pro and Buds3 Pro. The features are set to launch early next year through software updates, bringing Samsung into closer competition with Apple's AirPods. The Hearing Test feature uses pure-tone air-conduction audiometry to measure hearing in each ear and generate an audiogram. Results are classified into seven levels, fro

Hyundai Motor Group has unveiled an end-to-end hydrogen value chain vision at the World Hydrogen Expo 2026, showcasing how hydrogen can expand beyond traditional mobility to power AI data centers, manufacturing and advanced robotics in a zero-emission ecosystem. The group presents integrated solutions spanning hydrogen production infrastructure, hydrogen fuel cell mobility and industrial ecosystem models at the Korea International Exhibition Center in Goyang, Gyeonggi Province, on Wednesday. Lev

Seven municipalities have applied to host new correctional facilities, officials said Wednesday, a surprise turnout for the once-shunned sites that apparently comes amid growing concerns of regional extinction due to declining populations. The southeastern counties of Yeongdeok, Yeongyang, Uiseong and Cheongsong, the central city of Jecheon and Boeun County, and the eastern county of Jeongseon have submitted bids for the government's plans to create four new prisons by 2034. While correctional f

Celltrion has unveiled promising preclinical results for its next-generation obesity drug candidate, CT-G32/SCO-940, which outperformed a leading experimental weight-loss treatment in animal testing and showed potential to better preserve lean body mass. The South Korean biopharmaceutical company presented the findings alongside Japanese partner SCOHIA PHARMA at TIDES Europe, a conference on next-generation therapeutics held in Amsterdam from Tuesday to Thursday. CT-G32/SCO-940 is a quadruple ag

Shinhan Bank has received a government commendation for its efforts to attract foreign investment to South Korea, supported by dedicated consulting services and digital banking solutions for foreign companies. The bank said Wednesday it received a ministerial commendation at the 2026 Foreign Company Day ceremony, hosted by the Ministry of Trade, Industry and Energy at Grand InterContinental Seoul Parnas on Tuesday. The annual event recognizes companies and institutions that contribute to the Kor

Daewoo Engineering & Construction has secured a 350 billion won ($261 million) fertilizer plant project in Nigeria, extending its decades-long presence in Africa's largest economy and its partnership with global petrochemical group Indorama. The South Korean builder said Wednesday it received a letter of award from IF FZE, Indorama's Nigerian subsidiary, for the construction of a fourth fertilizer production line in Port Harcourt, Rivers State. Under the project, Daewoo E&C will serve as the pri

SK Telecom's third-quarter operating profit surged more than 11-fold from a year earlier, exceeding prehack levels, as South Korea's largest mobile carrier has seemingly recovered from the financial fallout of its massive 2025 data breach. The company said Wednesday that operating profit jumped 1,040.3 percent on-year to 552.3 billion won ($412.7 million) in the July-September period, up from 48.4 billion won a year earlier. The figure surpassed the 533.3 billion won recorded in the third quarte