The Rise of Technology in Archery: Robot Competes with Korean Archers Spectators witnessed a unique showdown: South Korea’s elite archers facing off against Hyundai Motor Group’s latest invention, a robot capable of reading wind direction with unparalleled accuracy. This groundbreaking event not only showcased the fusion of technology and sports but also highlighted the potential […]
The K-Beauty Giants Resetting Beauty’s Pecking Order
The K-Beauty Giants Resetting Beauty’s Pecking Order In the realm of beauty, South Korea has long been hailed as a powerhouse of innovation and trendsetting. The country’s skincare and makeup products have gained a massive following worldwide, with their unique formulations and emphasis on achieving flawless, glass-like skin. Now, a new wave of South Korean […]
World’s largest hydrogen fuel cell power plant to power 270,000 homes in South Korea
World’s Largest Hydrogen Fuel Cell Power Plant to Power 270,000 Homes in South Korea South Korea has officially broken ground on the world’s largest hydrogen fuel cell power plant, a groundbreaking project set to revolutionize the country’s energy landscape. With a capacity to power approximately 270,000 homes, this initiative marks a significant step towards a […]
LVMH Bets on South Korea to Spur Growth on US, China Uncertainty
LVMH Boosts Presence in South Korea Amid US-China Trade Uncertainty The global luxury conglomerate LVMH, home to renowned fashion and lifestyle brands such as Louis Vuitton and Christian Dior, is strategically setting its sights on South Korea to drive growth amidst the uncertain trade landscape between the United States and China. In a bold move […]
Moncler Korea fined over customer data breach
Moncler Korea Fined Over Customer Data Breach Moncler, the luxury fashion brand known for its iconic down jackets, has recently found itself in hot water as its South Korean division faced consequences for a serious breach of customer data. The company’s Korean arm was targeted by hackers who managed to infiltrate its servers using sophisticated […]
South Korea to grant crypto firms venture company status
South Korea Grants Crypto Firms Venture Company Status South Korea has taken a significant step towards fostering innovation and growth in the cryptocurrency sector. The Ministry of SMEs and Startups recently announced the removal of restrictions on crypto trading and brokerage businesses, paving the way for these firms to receive venture company status. This move […]
South Korea’s Depressed Art Market Puts a Damper on Frieze Seoul
South Korea’s Depressed Art Market Puts a Damper on Frieze Seoul South Korea’s art scene has long been known for its vibrancy and innovation, attracting artists and collectors from around the world. However, recent data suggests that the country’s art market is currently facing some challenges, casting a shadow over events like Frieze Seoul. Frieze […]
KKR Buys South Korea’s Samhwa in $528 Million Deal
KKR Buys South Korea’s Samhwa in $528 Million Deal In a strategic move that underscores the growing prominence of South Korea’s cosmetics industry on the global stage, KKR, a leading global investment firm, has recently acquired Samhwa Paints Industrial Co. in a deal worth $528 million. This acquisition not only signifies KKR’s confidence in Samhwa’s […]
South Korea to sharply increase spending to power AI-based growth
South Korea to Boost AI Spending for Economic Growth In a bid to stimulate economic growth and foster innovation, South Korea is set to significantly increase its spending on artificial intelligence (AI). With the country’s economy facing pressure, the government in Seoul has put forth a bold proposal to allocate a substantial budget of 728 […]
South Korea unveils five-year AI blueprint for ‘super-innovation economy’
South Korea’s Ambitious Plan: Investing $71 Billion in AI to Foster ‘Super-Innovation Economy’ South Korea, known for its technological advancements and innovative strategies, is set to embark on a transformative journey towards establishing a ‘super-innovation economy’ powered by artificial intelligence (AI). The East Asian nation has recently unveiled an ambitious five-year blueprint that outlines a […]