(Photo=Minister of Science and ICT Bae Kyounghun facebook) South Korea is accelerating its push to become a major player in the global artificial intelligence industry by combining its semiconductor manufacturing capabilities with the AI technologies of leading U.S. companies. The country is expanding cooperation with Nvidia, Microsoft, AMD and other global technology firms as competition intensifies over the chips, computing

Photo=Motionelements South Korean consumers are increasingly buying curtains, door barriers and dehumidifiers to manage indoor temperatures and humidity as a prolonged heat wave pushes households to improve cooling efficiency and reduce energy costs without relying solely on air conditioning. Data released by interior design platform Ohouse on Aug. 4 showed that searches for heat-management products surged during the four-week period

Samsung Electronics Chairman Lee Jae-yong became South Korea's largest individual dividend recipient in the first half of 2026, highlighting a broader shift in corporate governance as listed companies accelerated shareholder payouts following reforms to the country's Commercial Act. Lee collected approximately $53 million in dividends during the first six months of the year, the largest payout received by any individual

Photo=Motionelemenets South Korea on Aug. 3 unveiled its most sweeping overhaul of property taxes in nearly four years, raising the tax burden on owners of high-value and non-owner-occupied homes while preserving exemptions for most owner-occupiers in a move the government says is aimed at restoring fairness to the housing market rather than cooling home prices. The tax package, part of

(Photo=MotionElements) South Korea is preparing to buy physical gold for the first time in 13 years, a shift that highlights how one of Asia’s largest holders of foreign exchange reserves is reconsidering the balance of assets it relies on during periods of geopolitical and financial uncertainty. The Bank of Korea said it has established a system to purchase gold produced