Samsung, LG to unveil new AI-powered home appliances at IFA 2024 in Berlin

Korean tech giants Samsung Electronics and LG Electronics are planning to showcase various new artificial intelligence-powered home appliances at the IFA 2024 home electronics show in Berlin next month, industry…

BOK chief defends rate freeze aimed at curbing household debt

Korea’s central bank chief on Tuesday defended the bank’s latest rate freeze decision, saying that the level of household debt is inching toward a point that can cause an economic…

Beleaguered nat’l football head coach ready to work to earn players’ trust

Even before working his first match of his second tour of duty with the men’s national football team, head coach Hong Myung-bo has had to deal with a massive PR…

Pavel Durov has nothing to hide, Telegram says of arrested founder

Pavel Durov, the Russian-born founder of Telegram who was arrested in Paris, has nothing to hide and it is absurd to hold an owner responsible for abuse of the messaging…

HD Hyundai seeks expansion in hydrogen fuel cell market

HD Hyundai has been accelerating efforts to expand its presence in the hydrogen fuel cell market. HD Korea Shipbuilding & Offshore Engineering (KSOE), an HD Hyundai subsidiary supervising its shipyards,…

National, household debt surpasses $2.26 tril. amid lower state revenue

The combined debt of the government and households in Korea has surpassed 3,000 trillion won ($2.26 trillion) for the first time, driven by lower tax revenue, increased bond issuance and…

[Travel Bits] Festivals, sights across Korea

Busking in Sillim-dong Check out street music, a flea market and restaurants all in one venue right next to Sillim Station Exits No. 3 and 4, a vibrant commercial neighborhood…

Harris says she will not cozy up to dictators like N. Korean leader Kim Jong-un

Democratic presidential candidate Kamala Harris has said she will not “cozy up to” dictators like North Korean leader Kim Jong-un, whom she cast as “rooting for” her Republican rival Donald…

China’s ‘patriotic consumption’ tests Korean display makers

Tech leaks increase amid intensifying competition By Nam Hyun-woo Korean companies’ dominance in the global display market is being increasingly challenged by their Chinese counterparts, with recent data revealing that…

Foreign currency deposits up for 2nd month in July

Foreign currency deposits rose for the second straight month in July as companies saved more U.S. dollar-denominated currency, central bank data showed Friday. Residents’ outstanding foreign currency-denominated deposits reached $4.44…