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For South Korea and Japan, cooperation is no longer a diplomatic choice but an economic necessity, SK Group Chairman Chey Tae-won said Tuesday, urging the two countries to build a permanent platform to tackle shared challenges. "Korea-Japan cooperation is not a one-off event. It is a path toward building a sustainable and actionable community based on deep trust," Chey said at a special Korea-Japan session of the Nikkei Forum in Tokyo. The event, hosted by Nihon Keizai Shimbun and organized by S

The Korea Herald

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Seoul shares surge over 8% on AI confidence, Iran-Israel ceasefire; won sharply up

South Korean stocks soared by more than 8 percent Tuesday, sharply rebounding from the over 8 percent plunge the previous session, to reclaim the 8,000-point threshold, as risk-on sentiment prevailed amid a ceasefire between Israel and Iran and confidence over the artificial intelligence boom. The local currency sharply rose against the US dollar. The benchmark Korea Composite Stock Price Index added 612.52 points, or 8.18 percent, to close at 8,096.93, after rising as high as 8,119.09. The Kosp

佛·獨·스페인 차세대 전투기 공동개발, 주도권 다툼에 끝내 무산

2017년부터 시작된 프랑스·독일·스페인의 차세대 전투기 공동개발 사업이 개발 주도권을 둘러싼 각국의 다툼으로 9년 만에 무산됐다. 러시아의 우크라이나 침공으로 전 유럽의 안보 위협이 고조되고 도널드 트럼프 미국 행정부의 국방비 증액 압박으로 ‘대서양 동맹’마저 흔들리는 상황에서 유럽의 안보 자강 현실이 녹록지 않음을 보여준다는 평가가 나온다.8일 로이터통신 등에 따르면 최근 독일 정부는 수개월 간 지속된 프랑스와의 개발 주도권 다툼을 해결하지 못함에 따라 ‘미래전투공중체계(Future Combat Air System·FCAS)’ 사업을 추진하지 않기로 결정했다.FCAS는 2017년 프랑스와 독일이 차세대 전투기 개발에 합의하며 출범한 유럽 최대 규모의 안보 협력 사업이다. 1000억 유로(약 176조 4000억원)를 들여 2040년까지 프랑스의 라팔 전투기, 독일·스페인 등에서 가동 중인 유로파이터 타이푼 전투기를 대체할 새 전투기를 개발하는 것이 목표였다. 2019년 스페인도

KOSPI Up 8.18% Tuesday

[Economy] : The benchmark Korea Composite Stock Price Index rose 612-point-52 points, or eight-point-18 percent, on Tuesday to close at eight-thousand-96-point-93. The tech-heavy KOSDAQ gained 56-point-42 points, or six-point-19 percent, to close at 967-point-81. The South Korean won strengthened against the ... [more...]

The Korea Herald

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Woori Bank pushes green finance beyond ESG labels

For Korean banks, green finance is becoming less about branding money as ESG and more about proving where that money goes. That shift is being driven by the Korean green taxonomy, also known locally as K-Taxonomy. The framework defines which activities can be considered environmentally sustainable and puts stricter standards around green loans and bonds. Woori Bank is moving ahead with loans and bonds screened against the taxonomy rather than broader ESG standards. The lender said it has provide

S. Korea-Jordan economic, trade cooperation agreement takes effect

South Korea’s economic and trade cooperation agreement with Jordan has gone into effect, the Foreign Ministry said Tuesday. The agreement between the governments of the Republic of Korea and the Hashemite Kingdom of Jordan, as they are formally known, respectively, on economic and trade cooperation entered into force on June 9, according to the ministry. The pact provides a basic framework for comprehensive economic cooperation between the two countries, covering a wide range of areas including

The Korea Herald

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[Exclusive] Pokemon Korea accused of discrimination after excluding foreigners from online run event

Pokemon Korea came under fire Tuesday after revising a notice for its “Pokemon Run with SK Telecom” online challenge to exclude foreign nationals from participating. The event is being run through the RunDay app from June 8 to 30. Participants who complete a 1-kilometer challenge through the app can apply for a promotional Magikarp card using their RunDay user code. The company had initially posted a notice on its official Instagram page stating that foreign residents in Korea were also eligible

The Korea Herald

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Opposition lawmaker accuses Lee of 'subservience' over Iran comments

A lawmaker of the main opposition People Power Party on Tuesday blasted President Lee Jae Myung over his comments regarding Iran, accusing him of being "subservient" to Iran. The lawmaker referred to remarks Lee made about the HMM Namu during a news conference at Cheong Wa Dae on Monday. The cargo ship was found to have been hit by an Iranian missile while stranded near the Strait of Hormuz in May. Rep. Han Ki-ho, a four-term lawmaker of the People Power Party, called Lee's comments deceptive, r

고영테크놀러지, SOCAMM2 검사장비 수주 … 차세대 AI 메모리 시장 진출

고영테크놀러지가 차세대 AI 메모리 모듈인 SOCAMM2(Small Outline Compression Attached Memory Module) 검사장비 시장에 본격 진출했다고 9일 밝혔다. 국내 주요 메모리 업체로부터 관련 장비를 처음 수주하며 반도체 검사장비 사업 다각화에 속도를 내고 있다. SOCAMM2는 AI 서버·데이터센터의 폭발적인 연산 수요에

S. Korea extends Pyeongtaek support law for US base relocation

South Korea has extended a special law supporting areas affected by the relocation of US Forces Korea bases to Pyeongtaek, Gyeonggi Province, through the end of 2030, the Ministry of National Defense said Tuesday, in a move aimed at completing remaining relocation-related projects and support measures. The ministry said a partial revision to the Special Act on Support for Pyeongtaek City and Other Areas Following the Relocation of US Military Bases was promulgated Tuesday after being approved at

PC cafe visit spotlights NC's 25-year alliance with Nvidia

NC’s 25-year partnership with Nvidia took center stage during Jensen Huang’s recent visit to Seoul, highlighting how Korea’s gaming and esports culture helped fuel the rise of the AI chip giant long before it became the world’s most valuable company. “NC has been with Nvidia when we were announcing the Lineage series in the early 2000s,” said Kim Taek-jin, NC founder and co-CEO, as he stood by Nvidia CEO Jensen Huang during the game-maker’s Aion 2 gamer event held at a PC gaming cafe in Gangnam

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"공정거래 생태계 구현" 내건 김용진… GH, 준법경영 새 기준 세운다

경기주택도시공사(GH)가 공정거래 관련 법규 준수와 투명한 업무 수행을 위한 '공정거래 자율준수 프로그램(CP·Compliance Program)'을 전격 도입했다. 공공개발사업 전반에 걸쳐 공정거래 문화를 정착시키고 준법경영 체계를 강화하겠다는 의지의 표현으로 풀이된다. GH는 9일 수원 본사에서 공정거래 자율준수 프로그램 선포식과 자율준수관리자 임명식을 열고, 공정하고 투명한 업무 수행 및 준법경영 강화 방침을 대내외에 공식 선언했다. 공정거래 자율준수 프로그램은 기업이나 기관이 공정거래 관련 법규를 스스로 준수하기 위해 교육, 점검, 감독 체계 등을 갖춰 운영하는 내부 준법 시스템이다. 단순한 법규 준수를 넘어 조직 구성원들이 일상 업무 과정에서 공정거래 원칙을 실천하도록 하는 예방 중심의 경영 시스템으로 평가받는다. GH는 이날 이종선 부사장을 자율준수관리자로 임명하고, 향후 공정거래 자율준수 프로그램 운영을 총괄하도록 했다. 또한 전담 조직을 구성하고 임직원 정기 교육, 내부 감시 및 감독 체계 구축 등을 단계적으로 추진해 공정거래 문화를 조직 전반에 정착시킬 계획이다. 전체 내용보기

The Korea Herald

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Jinro named world's top-selling spirit for 25th straight year

HiteJinro said Tuesday that its flagship soju brand, Jinro, was named the world's bestselling spirit for the 25th consecutive year by UK-based trade publication Drinks International. Jinro sold 94.5 million 9-liter cases worldwide over the past year, retaining the top spot in the magazine's annual ranking. The sales volume exceeded the combined sales of some entire spirit categories, including gin, whose leading brand ranked second on the list. The latest recognition extends Jinro's unmatched ru

The Korea Herald

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Nvidia's Huang pegs Korean AI buildout at potential $360b

Nvidia CEO Jensen Huang gave the first dollar figure for the AI infrastructure his company plans to build in South Korea, telling reporters in Seoul on Monday evening that a one-gigawatt AI factory would cost about $60 billion. Applied to the 6 gigawatts already pledged with SK Telecom and Naver a day earlier, that price points to as much as $360 billion in potential investment over the next five years. Nvidia is building up to 5 gigawatts of capacity with SK Telecom and 1 gigawatt with Naver, a

The Korea Herald

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South Korea, Bolivia discuss ways to expand economic, trade cooperation

South Korean Foreign Minister Cho Hyun held talks Monday with Bolivian counterpart Fernando Hugo Aramayo Carrasco to discuss key bilateral issues, areas of cooperation and international affairs, Seoul’s Foreign Ministry said Tuesday. During the meeting, Cho emphasized the need for South Korea and Bolivia to further develop the friendly and cooperative ties they have built since establishing diplomatic relations in 1965. Noting the two countries’ complementary trade structures, Cho said there is

The Korea Herald

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No all-nighters this time: Korea gets a brunch-time World Cup

Often, the World Cup meant fighting sleep to watch Team Korea play, staying up late into the night, sometimes into the wee hours. But at the upcoming 2026 World Cup in Canada, Mexico and the United States, South Korea’s Group A matches will all kick off in the morning — not at dawn, but just in time for brunch. The schedule begins Friday at 11 a.m., when South Korea will open its World Cup campaign against the Czech Republic at Estadio Guadalajara in Zapopan, in Mexico's Jalisco state. Ranked No

What is ‘You Quiz on the Block,' the Korean show behind Jensen Huang’s TV debut?

Nvidia co-founder and CEO Jensen Huang left a trail of headlines during his recent visit to Korea, but one of the more unexpected developments was his first-ever appearance on a television variety show. For that milestone, Huang chose the Korean talk show "You Quiz on the Block." So what exactly is the program Huang selected for his TV debut? First launched on tvN in August 2018, "You Quiz on the Block" is a talk-and-quiz format hosted by Yoo Jae-suk, one of Korea's top comedians, known internat

Video captures mother's split-second rescue of son from oncoming bus

Surveillance camera footage of a mother pulling her young son out of the path of a bus moments before it crashed into a nearby building has gone viral in South Korea. The incident occurred at around 3:42 p.m. Sunday in Dodam-dong, Sejong, when a bus suddenly veered onto the sidewalk toward the pair. The short clip circulating on social media shows the child stepping backward as the bus approaches before the mother quickly grabs him and pulls him out of the vehicle's trajectory, narrowly avoiding

Spurs defeat Knicks in their home turf

NEW YORK (AP) -- Victor Wembanyama has his first NBA Finals win -- and the New York Knicks suddenly have a lot of work left to end their 53-year championship drought. Wembanyama had 32 points, eight rebounds and six assists, carrying the San Antonio Spurs to a 115-111 victory on Monday night that cut the Knicks' lead to 2-1. San Antonio is trying to make a first-of-its-kind NBA Finals comeback and Wembanyama, with his array of skills, makes anything look possible. "I'm sure Victor has numerous s

How Korean teens see the democracy struggle they never lived through

“If I had been a college student in 1987, I don’t think I would have been able to join the protests or take a leading role in the pro-democracy struggle because I would have been afraid of torture, guns and tear gas,” said 15-year-old middle schooler Kang Hyun-joon. “But I think I would have tried to work for democracy in less visible ways.” Kang had just finished touring the Democratization Movement Memorial Hall in Yongsan-gu, central Seoul. The site had once served as an anti-communist invest

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