South Korea on Monday opened its national artificial intelligence research lab, a hub for global AI research projects in Seoul, as part of efforts to become one of the top three global leading powers in the sector, the science ministry said.
The gove…
President Yoon Suk Yeol’s foreign policy adviser, Chang Ho-jin, visited Australia on Monday to ask the country to allow South Korean firms to participate in its frigate project, Yoon’s office said.
In February this year, Australia announced a plan to…
HD Hyundai Infracore Co. on Monday reported its third-quarter net loss of 25.4 billion won (US$18.4 million), turning from a profit of 49 billion won a year earlier.
Operating profit for the July-September period was 20.7 billion won, down 76.9 perce…
Having spent 14 years with the Kia Tigers as a player, a coach and their manager, Lee Bum-ho has long dreamed of lifting the Korean Series championship trophy at home in Gwangju. He has a chance to do just that this week, and the first-year skipper sa…
The state-run Korea Electric Power Corp. (KEPCO) has been shortlisted for major renewable energy projects in Saudi Arabia estimated at 3 trillion won (US$2.16 billion), the Saudi’s energy procurement agency said Monday.
The Saudi Power Procurement Co…
South Korea’s defense authorities approved on Monday a plan to build K2 battle tanks with a homegrown transmission system, the state arms procurement agency said.
Under the plan endorsed by the Defense Project Promotion Committee, K2 tanks will be eq…
