Labor side lowers proposed hourly minimum wage for next year to 11,700

Representatives attend a meeting of the Minimum Wage Commission in the central city of Sejong on Thursday. (Yonhap) The labor side revised down its proposed hourly minimum wage for next…

OECD warns of rising shock exposure from S. Korea's dependence on chip exports

This photo shows the logo of Samsung Electronics Co. and SK hynix Inc. (Yonhap) South Korea’s growing dependence on semiconductor exports may make the country more vulnerable to external shocks…

Sejong City secures landmark W8tr investment from Samsung

Sejong Mayor Cho Sang-ho speaks in a news conference at Sejong City Hall on Thursday. The Korea Herald SEJONG — Sejong Special Self-Governing City has achieved its largest-ever single investment…

Sejong City secures landmark W8tr investment from Samsung

Sejong Mayor Cho Sang-ho speaks in a news conference at Sejong City Hall on Thursday. The Korea Herald SEJONG — Sejong Special Self-Governing City has achieved its largest-ever single investment…

Samsung, SK hynix in talks with SNU on chip programs at regional universities: reports

A semiconductor research facility at Seoul National Unviersity’s Gwanak Campus (Seoul National University) Samsung Electronics and SK hynix are discussing plans with Seoul National University to launch company-sponsored semiconductor programs…

Police officer accused of destroying evidence in son’s murder case

National Police Agency opens inspection as justice minister calls for review of exemption for relatives Jang Yoon-gi (center), 23, accused of killing a high school student and injuring another student…

Seoul shares plunge nearly 8% on tech sell-off amid renewed AI concerns

An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Thursday. (Yonhap) South Korean stocks dipped nearly 8…

Samsung, SK narrow site search for Gwangju chip fabs

Cheomdan District 3 of Gwangju Innopolis in Gwangju (Yonhap) Samsung Electronics and SK hynix are reviewing potential chip fab sites in Gwangju and South Jeolla Province as the government moves…

Classiq, QAI team up to launch Korea's first local quantum cloud service

QAI CEO Im Se-man (left) and Akira Tanaka, Classiq’s head of Asia Pacific business, pose for a photo after signing a partnership agreement in Seoul on Wednesday. (Classiq) Classiq Technologies…

Posco bets W16.7tr on lithium, energy beyond steel

Chairman Jang In-hwa unveils ‘triple-core’ strategy spanning steel, lithium and energy to strengthen Korea’s industrial supply chains Posco Group Chairman Jang In-hwa (Posco Group) Posco Group Chairman Jang In-hwa on…