ECONOMY

U.S. State Department says official who met Jang Dong-hyuk was aide to under secretary

The U.S. State Department said the official who met People Power Party leader Jang Dong-hyuk during his visit to the United States was an aide to the under secretary for public diplomacy, identified as Gavin Wax.A State Department spokesperson said o

Samsung Heavy Industries unveils in-house floating data center in U.S., targets global market

Samsung Heavy Industries unveiled its floating data center (FDC) in the United States as it moves toward commercialization. The FDC, a floating model installed on rivers or seas, is seen as an alternative to address site availability, power supply an

Korea vs. Japan: Why Traveling in Korea is 30% Cheaper for Tourists in 2024

As South Korea approaches welcoming 20 million foreign tourists, a new analysis reveals a significant gap between the perception of high tourism prices and actual data. South Korea maintains lower price levels compared to competitors like Japan and S

How the U.S. Military's New Regional Sustainment Hub in Korea Could Revolutionize MRO for F-15 and F-16 Jets

The U.S. Forces Korea (USFK) has introduced a new concept called Regional Sustainment Hubs (RSH) in South Korea and allied nations. These hubs aim to integrate core capabilities, logistics, and transportation systems for maintenance and supply of U.S

OPCON Transfer by 2029: Can the Lee Jae Myung Government Meet Its Goal?

The U.S. has proposed a target date for the transfer of wartime operational control (OPCON) in the first quarter of 2029, significantly increasing the likelihood of this transition occurring during President Lee Jae Myung's term. This marks the first

RIA Accounts Hit 1 Trillion KRW: What This Means for Korean Investors

Registered Investment Advisor (RIA) accounts, designed to entice domestic investors back to the Korean stock market, have amassed over 1 trillion KRW (about 675 million USD) in just one month since their inception.The Korea Financial Investment Assoc

LS Materials' Ultra Capacitors: A Game Changer for Fusion Energy and Next-Gen Power Infrastructure

LS Materials is ramping up its efforts to penetrate the next-generation energy market by supplying ultra-capacitors (UCs), a crucial component for a nuclear fusion power project in the U.S.The company announced on Thursday that it will provide UCs fo

Coupang vs. Fair Trade Commission: What You Need to Know About CEO Designation in 2026

Coupang has rebutted the Economic Justice and Citizens' Alliance's call for the Fair Trade Commission to designate Kim Beom-seok, chairman of Coupang Inc., as a single individual. The company argues that despite meeting all of the government's exempt

HD Hyundai Enters Autonomous Submarine Market: Key MOU with Anduril and ABS

HD Hyundai announced on Thursday that it has signed a memorandum of understanding (MOU) with Anduril, an American artificial intelligence (AI) defense company, and the American Bureau of Shipping (ABS) to enter the unmanned underwater vehicle market.

South Korea's AI Revolution: 8 Remarkable Models Recognized in 2026!

Stanford University has revised its count of Notable Artificial Intelligence (AI) Models developed in South Korea in 2025, increasing the number from 5 to 8.On Thursday, the Ministry of Science and Information and Communications Technology (ICT) anno