LS Marine Solution announced Monday that it has secured a $15.8 million contract to install subsea cables for Taiwan Power Company’s offshore wind project, marking its first overseas order in the power grid sector. It is also the first time a Korean company has bagged an international subsea cable installation project. According to LS Marine, the project is part of the TPC wind farm’s phase 2 initiative, with a generation capacity of 294.5 megawatts. It is a core project within the Taiwanese gov

South Korea and the US have agreed to work toward a “July Package," a comprehensive package deal aimed at eliminating US tariffs on Korean exports before July 8, when the 90-day grace period on US "reciprocal tariffs" expires, according to Korea’s top officials on Friday. The agreement came during a “2+2” trade meeting in Washington on Thursday, between South Korean Deputy Prime Minister and Finance Minister Choi Sang-mok, Industry Minister Ahn Duk-geun and their US counterparts, Treasury Secret

SK hynix posted its second-highest quarterly operating profit of 7.44 trillion won ($5.2 billion) for the January-March period this year, up 158 percent on-year. Achieving the record performance during the seasonal slowdown, the memory chip maker attributed its success to robust demand for high-value artificial intelligence chips and stockpiling ahead of anticipated US tariffs. A leading supplier of the popular high bandwidth memory chip, SK hynix reported Thursday that it has recorded quarterly

South Korea's finance and trade ministers are set to hold high-level talks with their counterparts in the US' Trump administration on Thursday, aiming to ease tariff-related tensions and address broader trade concerns. Upon arriving at Washington Dulles International Airport on Tuesday (local time), Deputy Prime Minister and Finance Minister Choi Sang-mok said the talks would focus on promoting mutual understanding. "I plan to actively explain Korea's position while listening to the concerns of

The Asia Group, a US-based strategic and investment advisory firm, launched a new office in Seoul this week to serve the growing number of high-potential clients with investment power in Korea. “Establishing a strong on-the-ground presence in Seoul underscores TAG’s long-term strategic commitment to the region,” said TAG Chairman and Co-Founder Kurt Campbell, who visited Seoul from Tuesday to Wednesday. “South Korea’s role as a global innovation leader and strategic player in Northeast Asia make

What began as a nostalgic craze — turning selfies into illustrations styled after Japan's much beloved Studio Ghibli — quickly went viral, drawing millions of users to ChatGPT’s new image generation feature. With a simple photo upload and a text prompt like “turn this selfie into a Ghibli-style image,” OpenAI’s GPT-4o model can transform the image into one that mimics the studio’s distinctive works within seconds, based on the vast variety of image styles it has been trained on. But behind the c

South Korea and Thailand are holding their fifth round of negotiations this week to finalize the Economic Partnership Agreement aimed at deepening bilateral trade and investment ties, Seoul's Trade Ministry said Tuesday. Korea's Ministry of Trade, Industry and Energy said the talks will take place from Tuesday to Friday in Bangkok. The EPA is a form of trade pact similar to a free trade agreement, but it goes further by incorporating a broader cooperation framework in addition to tariff reductio

SK Telecom, the country’s largest telecommunication firm, confirmed Tuesday that its internal systems had been breached by a hacking attack, indicating a possible data leak involving USIM cards. The company said it had reported the case to the Korea Internet & Security Agency, adding that there have been no confirmed cases of the leaked information being misused. The mobile carrier detected suspicious activity around 11 p.m. on Saturday, indicating that hackers had infiltrated its internal syste

South Korean telecommunication giant KT announced Wednesday its plan to ramp up its artificial intelligence strategy in the media sector, including introducing a new AI agent for its internet TV platform Genie TV an AI-powered content studio. With the goal of positioning its media business as one of its three core growth pillars, the company said it will invest 500 billion won ($370 million) by 2026. “With global OTT giants rapidly dominating the content supply chain, there is growing concern th

LG CNS and Google Cloud are teaming up to expand cloud-based artificial intelligence transformation services across Asia and the Pacific as well as the Americas, the South Korean IT solutions provider said Tuesday. LG CNS CEO Hyun Shin-gyoon recently met with Google Cloud CEO Thomas Kurian and Karan Bajwa, the managing director of Google Cloud Asia-Pacific at Google Cloud Next 2025 in Las Vegas to reinforce strategic cooperation between the two companies, the company said. Under the partnership,

As artificial intelligence creates new markets across industries, it is also fueling growth for Small Outline Compression Attached Memory Modules (SOCAMM), an emerging technology often described as the “next High Bandwidth Memory.” While not a direct replacement for HBM memory, SOCAMM, with its scalability and lower power requirements, could prove just as critical and lucrative in reshaping the global memory chip landscape. Nvidia -- the world's top graphic processor unit provider -- has propose

South Korea has urged the US to refrain from imposing tariffs on Korean copper products, raising concerns that such measures could undermine Korean companies’ investments in the US. According to the US Federal Register on Sunday, Korea’s Ministry of Trade, Industry and Energy submitted a formal opinion to the US Department of Commerce on April 1, emphasizing that Korean copper imports pose no threat to US national security. In its submission, the ministry highlighted that Korean copper accounts

SK Group Chair Chey Tae-won visited Taiwan this week to strengthen partnerships with TSMC and other key players in the semiconductor and IT industries, accompanied by SK hynix CEO Kwak Noh-jung. According to industry sources on Friday, Chey departed for Taiwan on Wednesday and held a closed-door meeting with executives of Taiwan Semiconductor Manufacturing Co. His visit comes ahead of SK hynix’s planned mass production of its next-generation AI memory chip, HBM4, which incorporates TSMC’s base d

Samsung Electronics announced Thursday that its home AI companion robot Ballie will integrate Gemini, Google Cloud’s generative AI technology, to enable more natural and conversational interactions to work through everyday tasks effectively. Announcing the expanded partnership at this year's Google Cloud Next 2025, Samsung said it plans to launch Ballie this summer. The collaboration follows the successful integration of Gemini on Google Cloud into Samsung's Galaxy S24 smartphone series last yea

SK Group is considering selling its controlling stake in SK Siltron, a semiconductor wafer producer, as part of restructuring efforts to secure liquidity, industry sources said Wednesday. If completed, the sale could generate trillions of won, with SK Siltron’s valuation estimated at around 5 trillion won ($3.4 billion). SK Inc., the group’s holding company, which oversees its subsidiaries, has reportedly expressed interest in selling its 70.6 percent stake in SK Siltron to private equity firms,