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Samsung Group is launching a sweeping artificial intelligence initiative across its affiliates, allowing employees to use external generative AI tools such as ChatGPT, Gemini and Claude as the conglomerate seeks to overhaul the way it operates. The group said Tuesday that the tools will be rolled out this month to boost productivity in areas including software development and marketing. But for Samsung, whose businesses span semiconductors, smartphones, displays, home appliances and consumer ele

The Korea Herald

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S. Korea's biggest food show opens to promote K-food exports

South Korea's largest food exhibit opened for a four-day run Tuesday with the aim of further boosting the country's food exports amid the rising global popularity of Korean culture, the event's co-organizers said. Seoul Food 2026, the 44th event of its kind, is set to run through Friday at the Korea International Exhibition Center in Goyang, just northwest of Seoul, with the attendance of a record number of 1,800 food companies from 49 countries, according to the industry and agriculture ministr

Lee highlights growth-focused use of chip tax windfall

President Lee Jae Myung on Monday said excess tax revenue from the semiconductor boom should be used for long-term investments to boost growth, while taking a cautious stance on calls for companies to share excess profits with workers. The remarks came during a press conference marking the first anniversary of his inauguration at Cheong Wa Dae in Seoul. Lee said excess tax revenue could fluctuate depending on economic conditions and should therefore be used for future generations and to strength

대구시, 수성알파시티 ‘알파-부스트’ 참여기업 모집…최대 6600만원 지원

대구시는 디지털 혁신기업 육성과 스마트도시 산업 생태계 조성을 위해 국토교통부 ‘스마트도시 특화단지 조성사업’의 일환으로 추진하는 기업 성장지원 프로그램 ‘알파-부스트(Alpha-Boost)’ 참여기업을 7월 8일까지 모집한다고 7일 밝혔다. 스마트도시 특화단지는 기업이 혁신 기술을 자유롭게 개발∙실증하고 사업화할 수 있도록 규제특례, 실증환경, 도시데

The Korea Herald

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S. Korea, New Zealand hold vice-ministerial talks to discuss energy ties, regional security

Vice foreign ministers of South Korea and New Zealand met in Seoul on Thursday and discussed ways to boost cooperation in energy and other fields of mutual interest amid the conflict in the Middle East, Seoul's foreign ministry said. During the meeting, South Korea's First Vice Foreign Minister Park Yoon-joo and New Zealand Deputy Secretary of Foreign Affairs and Trade Bede Corry exchanged views on major regional and international issues, including the Middle East conflict, and developments on t

Samsung Electronics and SK hynix have taken strategic stakes in Anthropic, the developer of the Claude artificial intelligence models, joining a funding round that valued the US startup at $965 billion, making it the world's most valuable AI company ahead of OpenAI. The deal is also fueling expectations that Samsung could win future AI chip manufacturing orders from Anthropic, boosting its foundry business. The two Korean chipmakers signed on as strategic infrastructure partners alongside US mem

The Korea Herald

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Seoul shares open strong on eased Middle East tensions

South Korean stocks opened sharply higher Friday following reports that the United States and Iran have reached an agreement to extend the current ceasefire. The benchmark Korea Composite Stock Price Index added 217 points, or 2.65 percent, to 8,402.29 in the first 15 minutes of trading. The index fell 0.53 percent Thursday after closing over the 8,200-point level two days prior. Investors were boosted by overnight reports that Washington and Tehran had agreed to a memorandum of understanding to

Indonesian group tourists to get visa-free entry to Korea starting Thursday

The Ministry of Justice said Wednesday it will allow Indonesian tour groups to enter Korea without a visa from Thursday until the end of December, as part of efforts to boost inbound tourism. Under the new program, groups of three or more Indonesian tourists organized by designated travel agencies will be allowed to stay in Korea visa-free for up to 15 days. The ministry said the measure was discussed at the National Tourism Strategy Meeting in February and finalized after consultations with the

S. Korea and China Hold 3rd Export Control Dialogue

[International] : South Korea and China on Monday held their third round of dialogue on export control in the Chinese city of Xian. The Ministry of Trade, Industry and Resources announced on Tuesday that the two sides agreed to boost dialogue and cooperation in export control via extensive discussions on rare earths, ... [more...]

Samsung bonuses, cheap loans stoke chip-belt housing boom

Samsung Electronics’ new compensation package for chip employees is raising expectations that fresh liquidity could further boost apartment prices across South Korea’s semiconductor corridor. The company and its labor union agreed on May 20 to introduce a low-interest housing loan program for employees, alongside a revamped performance bonus scheme tied to semiconductor profits. Under the housing program, employees without homes will be able to borrow up to 500 million won ($370,000) for home pu

Hyundai taps former Nvidia engineer to boost self-driving, AI

Hyundai Motor Group has hired former Nvidia autonomous driving expert Lee Hee-seok to its software research unit 42dot, amid the South Korean automaker’s push to strengthen its software-defined vehicles and self-driving technology capabilities. According to industry sources Tuesday, 42dot appointed Lee, an expert in computer vision technology, as vice president to lead research on vision-language action models. This marks the first time an executive has been brought in from outside the company s

KBS World (English)

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Supply Chain Cooperation among Topics Discussed at S. Korea-Japan Summit

[Politics] : President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi have agreed to boost cooperation on supply chains amid the continuing conflict in the Middle East. The two leaders held bilateral talks in the South Korean city of Andong on Tuesday, where they agreed to work together to secure crude oil ... [more...]

KBS World (English)

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Lee, Takaichi Tighten Collaboration to Ride Out Middle East Crisis

[Politics] : Anchor: South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi held their fourth meeting in about six months on Tuesday. The two leaders met in the South Korean president’s hometown of Andong, South Gyeongsang Province, where they agreed to boost collaboration to overcome the ... [more...]

Commemorative Banknote: The Olympic Winter Games PyeongChang 2018

On November 17, 2017, this commemorative banknote was issued to promote the 2018 PyeongChang Winter Olympics at home and abroad and boost the Olympics' successful hosting. Sophisticated anti-counterfeiting features equivalent to that of the 50,000-won note were applied to this first commemorative banknote ever issued in Korea. Speed skaters were chosen as the design theme for the front, and "Songhamaenghodo" (Tiger under the pine tree) by the renowned painter Kim Hong-do from the Joseon Dynasty was used for the back to depict the Korean national emblems, tiger and pine tree. The note's color is grey, which carries the atmosphere of winter, and it measures 140mm wide and 75mm tall.

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