ECONOMY

KOSPI Plummets: How Trump's Iran Strike Threats Impact South Korea's Stock Market

The KOSPI initially rallied on optimism surrounding a potential end to the Iran conflict. However, the index later reversed course and displayed mixed performance following the emergence of key variables.U.S. President Donald Trump's speech on Thursd

Kurly's IPO Plans: Is the E-Commerce Giant Eyeing a U.S. Listing in 2026?

Kurly, the trailblazer of dawn delivery services in South Korea, has successfully achieved its first annual profit, igniting speculation about a potential initial public offering (IPO). The company's decision to establish its U.S. subsidiary in Delaw

How Upstage Studio's AI Transforms Document Handling: A Comprehensive Guide

Upstage unveiled its cutting-edge AI document processing solution, Upstage Studio, on Thursday.This next-gen artificial intelligence (AI) platform integrates Upstage's proprietary technologies, including parsing, document classification, and informat

Roborock Wins Six Product Design Awards at iF Design Award 2026

Roborock said it won six product design awards in the product design category at the globally recognized iF Design Award 2026.The achievement follows the company’s recognition last year as the world’s No. 1 smart robot vacuum brand.The award-winning

How KRISS's Precision Robot Technology is Transforming Electromagnetic Measurement in Defense and Semiconductors

On Tuesday, the Korea Research Institute of Standards and Science (KRISS) unveiled its independently developed robot-based ultra-precision electromagnetic measurement system. This innovative system, built on proprietary design and control technologie

AI in Healthcare: How South Korea's 90 Million KRW Initiative is Transforming Chronic Disease Management

The Ministry of Health and Welfare announced on Tuesday that it is launching a comprehensive AI Transformation Project for Chronic Disease Patients across the entire healthcare spectrum.This initiative, with a budget of 90 billion KRW (about 59.7 mil

Unlocking Efficiency: How Capora's AI-Driven TMS and WMS Transform Logistics in 2026

UMOS ONE, a subsidiary of 42dot, announced on Tuesday that it will unveil Capora, an artificial intelligence (AI) powered digital logistics service, at the Korea International Materials Handling & Logistics Exhibition 2026 (KOREA MAT 2026).Capora int

Health Ministry to build “fast track” for commercialization of AI digital medical devices

The government will establish a “fast track” system to accelerate the commercialization of artificial intelligence (AI)-based digital medical devices, aiming to help companies overcome market entry barriers and expand adoption in the healthcare secto

What You Need to Know About Korea's New Patient Basic Act: 12 Rights and 4 Responsibilities

South Korea has enacted a sweeping patient rights law, marking a significant shift in how the country's healthcare system treats individuals seeking medical care.The National Assembly passed the Patient Basic Act, a comprehensive piece of legislation

2025 South Korea Education Spending: Monthly Average Drops to 458,000 KRW – What Does This Mean for Students?

Last year, the average monthly private education expenditure per student decreased by 3.5% to 458,000 KRW (approximately 301 USD). The participation rate in private education also dropped to 75.7% from 80% the previous year.The Gross National Income