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Tag: South Korea

Posted on February 6, 2025

South Korea’s Industry Ministry Temporarily Bans Access to DeepSeek on Security Concerns, Official Says

SEOUL (Reuters) – South Korea’s industry ministry has temporarily banned employee access to Chinese artificial intelligence startup DeepSeek due to security concerns, a ministry official said on …
Posted on February 5, 2025

South Korea’s ex-defence minister calls protesters who stormed court ‘patriots’

A former South Korean defence minister charged with insurrection over his role in a short-lived martial law declaration has praised protesters who stormed a court over last month’s decision to extend …
Posted on February 5, 2025

Editorial: South Korea should strengthen ties in U.S.-Japan-South Korea AI alliance

OpenAI CEO Sam Altman, facing intensifying competition from China’s artificial intelligence (AI) sector, visited South Korea to explore potential collaborations with Samsung Electronics Executive …
Posted on February 5, 2025

Exclusive: India accuses Kia of evading taxes of $155 mln in VW-like dispute

India has accused South Korea’s Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi …
Posted on February 5, 2025

South Korea Inflation Jumps 2.2% On Year In January

Consumer prices in South Korea were up 2.2 percent on year in January, Statistics Korea said on Wednesday – exceeding expectations …
Posted on February 4, 2025

Trump’s tariff reprieve gives brief respite to Korean firms, but uncertainty lingers

SEOUL: With US President Donald Trump’s long-threatened tariffs on goods from Canada and Mexico paused for a month, South Korean companies operating in these countries breathed a sigh of relief.
Posted on February 4, 2025

South Korea Wants to Rebuild Aviation Safety System After Crash, Fire Incidents

In the deadliest air disaster ever on South Korean soil, a plane belonging to budget airline Jeju Air crashed at the country’s Muan airport on Dec. 29, killing all but two of the 181 passengers and crew members on board.
Posted on February 4, 2025

1 in 3 S Korean exporters expect worsening business conditions in 2025: survey

More than one out of three export companies in South Korea anticipate deteriorating business conditions this year amid increased tariff concerns and foreign exchange woes, a survey showed Tuesday.
Posted on February 4, 2025

S. Korean business delegation to visit U.S. for talks on cooperation under Trump

A South Korean business delegation led by SK Group Chairman Chey Tae-won plans to visit the United States for discussions on bilateral economic cooperation under the second Donald Trump administration …
Posted on February 3, 2025

Potential offshore oil and gas prospects found in South Korea

Act-Geo reported these findings to the Korea National Oil Corp. (KNOC), indicating potential deposits ranging from 680 million barrels to 5.17 billion barrels (bbbl) of oil and gas equivalent, as …

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