Seoul, May 31 (IANS) Science Minister Bae Kyung-hoon vowed to double down on efforts to support the local artificial intelligence (AI) sector so that South Korea can become a “full stack” supplier of the technology.Bae made the remarks at a press conference held Friday, saying South Korea should now take on the challenge of developing a frontier AI model, on par with competitors from the United States and China, reports Yonhap news agency.The minister’s comments come as government-led efforts to…
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Seoul, May 14 (IANS) South Korea’s top economic and financial policymakers on Thursday called for the prompt settlement of a labor dispute at Samsung Electronics, warning that a possible strike could threaten the country’s economy amid a semiconductor supercycle.Finance Minister Koo Yun-cheol and other heads of financial authorities made the joint remarks during a meeting on the potential fallout from a planned walkout by Samsung Electronics workers, according to the Ministry of Finance and Econ…
Seoul, April 28 (IANS) Seoul stocks briefly topped the 6,700-point level on Tuesday, set to reach another milestone, driven by large-cap tech shares ahead of earnings releases from big US tech companies.The benchmark Korea Composite Stock Price Index (KOSPI) hit an intraday high of 6,712.73 points in the morning session, reports Yonhap news agency.The new peak came ahead of first-quarter earnings releases from the Magnificent 7 (M7) companies in the United States, including Apple, Microsoft and …