U.S. stocks extended their losses as trading wrapped up in New York on Tuesday, with renewed caution over the Iran-Israel conflict and the global outlook for inflation dampening investor sentiment. The market broader move came even as there were no decisive shifts in the battlefield dynamics; the Hormuz Strait

Kakao Mobility disclosed that CEO Ryoo Geun-seon outlined a shift to a physical AI-based future mobility company in a letter to all employees dated the 12th, with the company publicly reporting the plan on the 13th. The move signals a strategic reorientation beyond traditional ride-hailing and service operations. The company

Seoul — Lee Jeong-hyun, chairman of the People Power Party’s (PPP) Nomination Management Committee, announced on March 11 at the PPP’s Yeouido headquarters the results and schedule of the party’s nomination screening. A few days later, on March 13, he disclosed his intention to step down as head

South Korea’s Hanwha Aerospace and game developer Krafton announced on the 13th that they will jointly develop physical AI technology and establish a joint venture to commercialize the results. The memorandum of understanding outlines a path to co-develop core physical AI capabilities and to form a JV to bring

South Korea’s Ministry of Education on Tuesday unveiled a plan to allocate medical school quotas for the 2027–2031 academic years, a move that regional universities in Daegu welcomed as a step to strengthen local healthcare capacity. The plan aims to address persistent regional medical workforce shortages and to

The Korea Meteorological Administration says the weekend will be mostly cloudy nationwide, with no rain or snow expected. Spring is noticeable in Seoul, where red plum blossoms have begun to bloom at a temple, signaling the season shift for residents. For Saturday the 14th, morning lows are forecast to run

A South Korean president has publicly commented on the final sentencing in a high-profile defamation case that tied a political opponent to organized crime. The case centers on Jang Young-ha, a district party leader for the People Power Party in Seongnam, a city in Gyeonggi Province near Seoul, who alleged

Krafton, the South Korean game developer behind PUBG, and Hanwha Aerospace announced a plan to form a joint venture focused on physical artificial intelligence, or AI. The companies said they would advance practical, real-world applications of physical AI and aim to grow the venture into a defense-tech firm modeled on

A long-running international dispute over Hyundai Elevator’s paid-in capital increase has ended with a win for the South Korean government. The Ministry of Justice said on the 14th that the arbitral tribunal at the Permanent Court of Arbitration dismissed all claims from Schindler Holding AG, the Swiss elevator maker

Kakao Mobility announced on the 13th that it will pivot to a “physical AI-based technology company,” aiming to lead the future of mobility by leveraging the data and operating infrastructure it has accumulated. CEO Ryu Geung-seon told employees in a letter that the company will become a technology firm that