Business

Korea’s KTX makes first overseas export deal with Uzbekistan

Korea's high-speed railway, the KTX, is set for its first overseas export to Uzbekistan. Hyundai Rotem signed a $200 million contract on Friday to export six...

Samsung chief Lee meets Meta, Amazon, Qualcomm CEOs to discuss AI

Samsung Electronics Chairman Lee Jae-yong met the heads of Meta, Amazon and Qualcomm to explore business opportunities in AI and cloud computing during his...

Public facilities and EV chargers hit hard by surge in copper thefts

The city of Los Angeles is being plagued by copper thieves. Copper thefts have been on the rise since last year and are becoming more...

Coupang hit with $102 million fine from FTC over search results manipulation

Coupang was slapped with a 140 billion won ($102 million) fine by Korea's Fair Trade Commission (FTC) for manipulating its search results to enhance...

U.S. weighing sanctions on advanced chip technology to China

The U.S. government is considering further restrictions on China's access to advanced chip technology, according to Bloomberg on Wednesday, that could significantly hinder China's...

Korea, stronghold of Samsung, left out of Apple Vision Pro’s overseas rollout

Korea was again excluded from the list of countries that will receive Apple's Vision Pro. Apple announced Monday at its annual Worldwide Developers Conference (WWDC) that...

Tax delinquency worsens skepticism of oil claim consulting firm ACT-GEO

ACT-GEO, a U.S. consulting company that conducted a study on the potential discovery of oil and gas off Korea's east coast, was found to...

Naver Papago, Korea’s AI-powered translation service, surpasses 20 million users

Users of Naver Papago, the Korean online portal operator’s artificial intelligence-powered translation service, have steadily increased, topping 20 million last month on overseas demand,...

Samsung to extend on-device AI to KakaoTalk, other third-party apps

Samsung’s on-device AI, which offers live translation of multiple languages, will soon be available on third-party apps such as KakaoTalk. Some of the features provided...

Samsung’s Lee Jae-yong meets Verizon CEO to discuss new Galaxy models

Samsung Electronics Executive Chairman Lee Jae-yong met with Verizon CEO Hans Vestberg to discuss possible cooperation related to sales of the upcoming Galaxy smartphone...