Alibaba pledges $1.1 billion investment for South Korea expansion
The investment plan includes a new distribution centre worth about $200 million on a 180,000-square-meter site, and will become the largest of its kind in South Korea if the plan…
Corporate Buzz
‘Make your voices heard,’ TikTok CEO Chew Shou Zi tells US users after House vote
The legislation is a major setback for the video-sharing app, which has surged in popularity across the world while causing nervousness about its Chinese ownership and its…
House of Representatives passes Bill that could ban TikTok in the US
Lawmakers said their offices were inundated by calls from TikTok users who opposed the legislation, with the volume of complaints at times exceeding those seeking a ceasefire…
Tesla hits planning challenge in effort to build Thai factory
Tesla followed up the US meeting with PM Srettha by visiting potential locations for building a factory. However, the automaker learned that building the factory would be…
Seoul’s Myeong-dong dethroned as Korea’s priciest retail destination: Meet new leader
Bukchang-dong’s commercial strip is located between the Bank of Korea building, City Hall Station and Hoehyeon Station, and it topped the annual retail market analysis with an…
Staying ‘senior-friendly’ the next normal of banking
Along with the colourful signage, big-lettered and simplified ATMs and spacious waiting areas also differentiate the specialised branch for seniors from other ordinary branches.
Shipping constraints shackle Korea’s auto export boom
Last year, South Korea's auto production exceeded 4 million units for the first time in five years in 2023, with auto exports reaching a record $70.9 billion.
Global tech titans rush to visit Seoul to win AI leadership
While some industry experts have declared 2024 as the "year of AI," sources said the tech leaders' recent visits to Korea show a similar pattern to those a decade ago when…
Yoon, Zuckerberg discuss AI, digital ecosystem in Seoul
The meeting marks the second time that Meta CEO Zuckerberg has met a Korean president in Korea, meeting with former President Park Geun-hye during his first official visit to the…
Samsung eyes AI tech leadership with highest-capacity chip
When used in AI applications, it is estimated that the average speed for AI training can be increased by 34 percent while the number of simultaneous users of inference services…