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Mirae Asset Securities said Monday it has launched a foreign investor omnibus account service through a partnership with Singapore-based brokerage UOB Kay Hian, in a move aimed at improving overseas investors' access to South Korean equities. The service was developed through Mirae Asset Securities' Singapore subsidiary and is expected to broaden access to the Korean stock market for investors in Singapore and across Southeast Asia. UOB Kay Hian is the brokerage arm of Singapore-listed UOB Kay H

The Korea Herald

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Smilegate doubles down on Crossfire with new AAA title

Smilegate is zeroing in on expanding the intellectual property of Crossfire, a megahit PC shooter with over 1 billion registered players since its release in 2007, unveiling the trailer for a Crossfire spinoff developed by US studio That’s No Moon on Friday. That’s No Moon, a Los Angeles-based game developer established by a $100 million investment commitment from Korean game firm Smilegate in 2021, debuted the in-game trailer of Crossfire that bears the same title as the original PC shooter dur

The Korea Herald

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Korea proposes Hyundai-led W3.4tr hydrogen project for Canada submarine bid

Korea has pitched a 3.4 trillion won ($2.2 billion) hydrogen truck investment package led by Hyundai Motor Group to the Canadian government as part of its bid to secure the country’s next-generation submarine contract. In an interview with Canada-based broadcaster CTV News on Wednesday, Chief Presidential Secretary Kang Hoon-sik revealed details of the initiative, dubbed “Project Beaver,” which aims to establish a hydrogen mobility ecosystem in Canada using technology developed by Hyundai Motor

The Korea Herald

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Daewoo E&C launches AI translator for foreign workers

Daewoo Engineering & Construction said Monday it has developed a real-time AI translation system for construction sites, aiming to improve communication and safety for foreign national workers as it expands the use of digital technologies across its operations. The platform supports up to 180 languages and features a construction-specific glossary containing industry terminology and technical expressions commonly used at worksites, helping improve translation accuracy. The system also allows use

The Korea Herald

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Alibaba.com launches AI-powered Accio Work in Korea

Alibaba.com on Thursday launched Accio Work, an AI-powered autonomous business service, in Korea to support small and medium-sized enterprises. According to Alibaba.com, Accio Work offers a cross-functional squad of artificial intelligence agents that can handle all steps of running a business, including market analysis, product planning, sourcing, price negotiation, product registration, marketing and store operation. “Accio Work was developed to help SMEs and entrepreneurs enter the global mar

The Korea Herald

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Iran-linked missiles behind attack on S. Korean vessel in Hormuz: foreign ministry

Anti-ship missiles developed and used by Iran are believed to have been used in an attack against a South Korean vessel in the Strait of Hormuz earlier this month, the foreign ministry said Wednesday. The ministry, however, reserved a decision on which actor in Iran launched the attack or whether it was intentional. "Technical analysis concluded that the unidentified airborne objects were likely Noor-series anti-ship missiles developed by Iran," First Vice Foreign Minister Park Yoon-joo said at

The Korea Herald

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Seoul says HMM vessel probably hit by Iranian-made anti-ship missile

Seoul said Wednesday that at least one of the projectiles that struck the South Korean-operated vessel HMM Namu in the Strait of Hormuz earlier this month was highly likely to have been an Iranian-developed anti-ship missile, while stopping short of formally assigning direct responsibility to Tehran. Speaking at a press briefing at the Government Complex Seoul, First Vice Foreign Minister Park Yoon-joo said the joint investigation team recovered one unexploded warhead from one of the two project

KBS World (English)

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Gov’t: Iran’s Noor Missiles Likely behind Hormuz Ship Attack

[Politics] : The government has concluded that a long-range anti-ship cruise missile developed by Iran was likely behind the May 4 attack on the South Korean-operated cargo ship the HMM Namu in the Strait of Hormuz. In a briefing on Wednesday, First Vice Foreign Minister Park Yoon-joo said the government investigation ... [more...]

The Korea Herald

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N. Korea says it tested new multipurpose missile system under Kim's watch

North Korea has tested a newly developed lightweight multipurpose missile launching system and multiple tactical cruise missiles, state media said Wednesday, with leader Kim Jong-un overseeing the test as part of Pyongyang's ongoing weapons modernization drive. The Korean Central News Agency (KCNA) published the report a day after South Korea's military detected the launch of multiple close-range ballistic missiles (CRBMs) and artillery rockets toward the Yellow Sea from the Jongju area of North

The Korea Herald

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IT/기술

Hyundai builds new robot units to scale Atlas deployment

Hyundai Motor Group is accelerating its push into humanoid robotics by establishing new divisions to support the deployment of Atlas, a humanoid robot developed by its US-based subsidiary Boston Dynamics, across vehicle production lines. According to media reports on Tuesday, Hyundai created a software-defined factory promotion division and appointed Alpesh Patel as its executive vice president. SDF refers to a smart manufacturing facility where AI manages production, logistics and quality contr

The Korea Herald

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Lithuania-Korea defense partnership a ‘win-win’: security adviser

Defense industry cooperation between South Korea and Lithuania will be advantageous to both countries, said Lithuanian National Security Adviser Deividas Matulionis. In an interview with The Korea Herald, Matulionis described bilateral defense cooperation as a “win-win” partnership driven by shared security concerns and complementary military capabilities. “South Korea has developed its defense industry over many years, and you have everything that you need because you have always felt the need

KBS World (English)

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Washington Post: US, Iran Framework Deal Includes Strait of Hormuz Reopening within 30 Days

[International] : The United States and Iran have developed a memorandum of understanding framework that would extend the current ceasefire by 60 days, with the Strait of Hormuz to be demined and reopened as part of the deal, the Washington Post reported Sunday. Under the latest proposal, which is awaiting Iranian ... [more...]

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