General

Defense ministry seeks to expand data, AI technology in military

Defense Minister Shin Won-sik and top military officials discussed Wednesday ways to incorporate more data and artificial intelligence (AI) technology in the defense sector in a bid to help build a smarter military, his office said.

In the meeting, …

Financial regulator urges banks to curb household debt growth

The financial regulator called on local banks Wednesday to curb a rise in their household loans, citing recent increases in home-backed loans.

Lee Joon-soo, a senior deputy governor of the Financial Supervisory Service (FSS), made the call in a meet…

(EDITORIAL from Korea Times on July 3)

Successful listing is boon for bid to become IP powerhouse

Naver’s webcomic subsidiary, Webtoon Entertainment, made a successful debut on the Nasdaq. Boosted by strong demand from institutional investors, the company concluded its first trading sess…

(EDITORIAL from Korea Herald on July 3)

Disputes are heating up in South Korea over whether the Yoon Suk Yeol administration should go ahead with its controversial tax-reduction initiatives even though revenue is forecast to decline this year as a result of sluggish corporate earnings.

Th…