[OPINION]​ The Financial Markets and US

There is continuing bad news about bonds, property, stocks, and other investments along with concern about inflation. Everything seems to be going down, except inflation, which

March 3, 2023

KT to work with Intel for early introduction of WiFi 7 services

SEOUL -- South Korea's major telecom company KT has partnered with U.S. technology giant Intel to demonstrate WiFi 7 technology, the next-generation wireless networking technology with faster speeds and lower latency than conventional standards. The two companies will also work to stabilize the solution's performance as it can be widely used in various sectors including virtual reality and teleconferencing. Wi-Fi 7, which provides a speed of up to 11.5 gigabits per second (

March 3, 2023

[OPINION] ​Deciphering Hallyu's Popularity

New Delhi -- The Korean cultural wave Hallyu has indeed gone as global as globalization itself. It seems that in almost every city of the world which is connected to globalization, Hallyu is having strong reverberations. In its present avatar, Hallyu is largely led by South Korean pop music and South Korean dramas. Gangnam Style, BTS, BLA

March 3, 2023

J. Cole collaborates with BTS member J-Hope for solo single 'on the street'

SEOUL -- J. Cole, an American rapper with six albums that topped Billboard's top 200 popular albums chart, collaborated with J-Hope on the 29-year-old BTS member's single song. The American artist showcased his rapping skills in J-Hope's song titled "on the street," which is a place where the South Korean singer first started to dream of becoming an artist. J. Cole is known for his husky tone and melodic rap performances. The 38-year-old is regarded as one of

March 3, 2023

Major S. Korean construction companies focus on overseas projects due to slowed domestic market

SEOUL -- Major Korean construction companies are seeking opportunities to expand into overseas markets. With concerns rising about the sluggishness of the domestic housing market due to market deterioration, the impact of high-interest rates, and rising raw material prices, the companies are turning their attention to overseas markets as the domestic market is expected to slow down. According to the International Contractors Association of Korea on March 2, the cumulative amount of

March 3, 2023

Researchers develop AI-based solution capable of targeting tumor cells

SEOUL -- Researchers have developed a cancer treatment solution using artificial intelligence and big data analysis. The technology accurately attacks tumor cells through a database that distinguishes cancer cells from normal cells. A research team led by Choi Jung-kyoon, a professor at the Korea Advanced Institute of Science & Technology (KAIST) specializing in genomics, and cell biologist Park Jong-eun have created the technology capable of targeting tumor cells. Using a gene

March 3, 2023

BTS 'Dynamite' to be recreated into Lego pop-up store in southern Seoul

SEOUL -- BTS' global mega-hit song "Dynamite" will be recreated into a pop-up store with various Lego items. At the offline store run by South Korea's mobile carrier LG Uplus, visitors can purchase Lego sets created under the theme of the Dynamite music video which gained more than 1.6 billion views on YouTube. The disco-pop song that rolled out in August 2020 stayed in Billboard's top 100 most popular song chart for 32 consecutive weeks. The seven-member band

March 2, 2023

Hyundai auto group's vehicles garner explosive popularity in U.S.

SEOUL -- Vehicles made by South Korea's Hyundai auto group are gaining explosive popularity in the United States. Monthly sales of Hyundai vehicles in February 2023 soared 16 percent compared to the same period a year ago in the U.S. market, selling a total of 122,111 units. According to data released by Hyundai Motor America, Hyundai Motors sold 57,044 units only in February, up nine percent from a year ago. Hyundai's American office said most sold vehicles include Elantr

March 2, 2023

KT showcases delivery robot capable of controlling food temperature at Barcelona's mobile device exhibition

SEOUL -- South Korea's major telecom company KT showcased a self-driving delivery robot capable of controlling temperature and humidity while delivering food products at Mobile World Congress, an annual mobile device exhibition in Barcelona. South Korea's robot industry which stood at five trillion won ($3.7 billion) in 2020 is growing at an average annual growth rate of 3.6 percent. Robots are currently used in various sectors including restaurant services, elderly care, a

February 28, 2023

​South Korea to cut heavy reliance on China for key minerals to secure stable supply

SEOUL -- ​South Korea plans to cut its heavy reliance on China for key minerals, including lithium, nickel and graphite, from the current 80 percent to 50 percent by 2030 by creating stable mineral supply chains with 30 major resource-rich countries. On February 27, the Ministry of Trade, Industry and Energy announced the plan after holding a meeting with representatives of automakers and secondary battery producers, including Hyundai Motor Co., Samsung SDI, LG Energy Solution, and

February 28, 2023