South Korea’s Ministry of Planning and Budget has begun drafting a supplementary budget to respond quickly to developments in the Middle East and the resulting energy-price pressures. Officials say the package will be funded from projected excess tax revenue rather than by issuing new government debt. Im Ki-geun, the

Krafton, the South Korean game maker behind Battlegrounds, and Hanwha Aerospace have signed a memorandum of understanding to jointly develop physical AI technologies and to establish a joint venture that will test and commercialize these innovations across defense and other sectors. Under the arrangement, Krafton will apply its expertise in

As artificial intelligence and robotics advance at a rapid pace, social robots are moving from factories into homes, clinics, and classrooms. A forthcoming book by science writer Eve Harold examines how these machines are changing human-robot relationships and where that shift might lead. The book highlights everyday examples, starting with

A market research firm says the global semiconductor foundry industry finished 2023 on a high, even as competition intensified between the leading players. TrendForce reports that the world’s top 10 foundry companies posted annual sales of about $169.5 billion, up 26.3 percent from the previous year, marking

South Korea’s Prime Minister Kim Min-seok held a second meeting with U.S. Vice President J.D. Vance on the afternoon of January 12 in Washington, D.C. The talks followed their first meeting in January, and took place at the White House, according to Seoul’s Prime Minister’

Long lines formed at the cheapest gas stations in Guro District, Seoul, as South Korea’s domestic fuel-market measures took effect. By the morning of the 14th, nationwide averages showed gasoline at 1,851.9 won per liter, down 12.2 won from the previous day, and diesel at 1,

South Korea’s Prime Minister Kim Min-seok met with then-U.S. President Donald Trump at the White House on an unscheduled visit on the 13th local time. The encounter unfolded as Washington and Seoul monitor the prospects for North Korea-U.S. diplomacy, with Trump signaling interest ahead of a planned

Hyundai Motor’s Asan plant in South Korea faced a workplace clash after seven union officials occupied the plant’s support office, shouted at staff, and damaged equipment and plants, according to a factory notice dated the 10th. The incident followed days of escalating tensions at the site. The seven

South Korea’s climate, energy and environment ministry and Korea Electric Power Corporation announced a reform of industrial electricity tariffs designed to better align prices with renewable energy production and demand patterns. The plan, unveiled after deliberation by the Electricity Pricing Committee, aims to reduce waste from surplus daytime solar

At the Banking Hall building in central Seoul’s Jung-gu on March 13, the 10-29 Itaewon disaster truth-finding hearing of South Korea’s Special Investigation Committee resumed. The committee’s chair, Song Ki-chun, spoke to reporters as the session began. The Special Investigation Committee announced that it had decided to