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Samsung chief meets Microsoft CEO on forging deeper cloud, AI partnership

Samsung Electronics Vice Chairman Lee Jae-yong met Microsoft CEO Satya Nadella in Seoul to discuss ways to strengthen cooperation in areas including artificial intelligence and cloud-computing technology, according to industry sources Wednesday. During the meeting, the two agreed to expand ... Read More

Ministry denies Japan’s accusation that shipbuilding subsidies break WTO rules

The Korean government on Wednesday denied the Japanese government’s claim that Seoul breached international trade rules, saying its decision to provide subsidies to ailing shipbuilders complies with the rules. Officials at South Korea’s Trade Ministry said they are willing to ... Read More

Samsung promotes QLED 8K with upscaling processor

Samsung Electronics Co. on Wednesday hosted an event to promote QLED 8K TVs in South Korea, claiming the product will set a new standard in the global market for premium TVs along with the microLED products. The event came after ... Read More

[Newsmaker] Anxiety heightens on stock market depreciation

Market observers remained tense throughout the weekend amid burgeoning skepticism that the stock benchmark Kospi might dip below the psychologically significant threshold of 2,000 this week, reeling under the prolonged US-China trade tension and visible losses in recent corporate earnings. ... Read More

Korea’s economic growth being hurt by weak employment, falling investment

The South Korean economy is expected to post a weak annual growth for this year due to the country's high unemployment rate coupled with the falling corporate investment, industry watchers said Sunday. The Bank of Korea recently revised down the ... Read More

Number of temporary workers inches up in 2018

The number of temporary workers in South Korea rose slightly this year from a year earlier, with the percentage of such employment also rising, government data showed Tuesday. A total of 6.61 million workers were non-regular workers, part-timers or outsourced ... Read More

‘Korean economy to face rising economic uncertainties next year’

South Korea’s economy is expected to face growing economic uncertainties next year, with the government ready to take preemptive measures to reduce any possible downside risks, the country’s chief economic policymaker said Monday. “Given various factors such as external conditions, ... Read More

State health insurance income to reach W120tr by 2027

South Korea's state health insurance program will have an income of 120.3 trillion won ($105.47billion) and expenditure of 122.49 trillion won by 2027, according to projections by the welfare ministry Monday. Income figures were derived on assumption that insurance payments ... Read More



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