Lord Alan Sugar joins speaker line-up at Cityscape Global 2023

A Seoul district court on Wednesday sentenced independent lawmaker Kang Sun-woo to 2 1/2 years in prison on charges of receiving money in exchange for an election nomination. The Seoul Central District Court handed down the sentence for Kang, formerly a member of the ruling Democratic Party of Korea (DPK), also ordering her to forfeit 100 million won ($75,000). Kang was indicted on charges of accepting 100 million won from former Seoul city councilor Kim Kyung in January 2022 in exchange for a DPK nomination ahead of the local elections that year. Kang served as a member of the DPK's nomination committee for Seoul city councilors at the time. Kim was selected as a DPK nominee and was elected in the 2022 local elections. The court sentenced Kim to one year in prison and a former aide to Rep. Kang to an eight-month prison term, suspended for two years, for arranging the meeting between Kang and Kim. The court ruled the defendants exchanged illegal political funds, adding their actions undermined election fairness and "severely" damaged the public's trust. Kang left the DPK at the start of th

Korea is bringing together archivists and cultural experts from 16 Asia-Pacific nations in Jakarta, Indonesia for an international workshop focused on preserving historical records and preparing them for global recognition under UNESCO’s documentary heritage program. The 2026 UNESCO Memory of the World International Capacity-Building Workshop, running from Tuesday to Friday, is hosted by Korea’s Cultural Heritage Administration and Korean National Commission for UNESCO at the National Archives of Indonesia. Launched in 2009, the annual program provides practical training for countries seeking to identify significant documentary heritage and prepare nominations for UNESCO’s Memory of the World register, with particular attention to nations underrepresented on the international list. Over 17 years, 18 documentary heritage items from participating countries have been added to the register, while 11 others have entered regional registers, organizers said. This year’s workshop is the largest yet, drawing participants from Timor-Leste, Laos, Myanmar, Bangladesh, Brunei Darussalam, Sri

A special counsel team on Wednesday raided the National Election Commission (NEC) over suspicions of bid rigging involving around 5 billion won ($3.7 million) worth of election supplies. Special counsel Lee Tae-han's team said it sent investigators to the NEC's office and four other locations, including election supplies companies, to search for and seize evidence in connection with the allegations. Lee's team said it has found signs of alleged collusion between the NEC and the companies regarding polling station supplies for the presidential election last year and the local elections in June. The special counsel team launched last month to investigate ballot shortages reported across the country during the June 3 local elections in addition to other allegations of misconduct by the election watchdog.

Employees at a government-funded research institute responsible for national cybersecurity have been disciplined after they were caught playing video games together during work hours. According to data obtained by Rep. Hwang Jung-a of the Democratic Party of Korea, a member of the National Assembly's Science, ICT, Broadcasting and Communications Committee, from the National Security Research Institute (NSR), an affiliate of the Electronics and Telecommunications Research Institute (ETRI), five employees at the institute's Cyber Security Training Center were disciplined after an investigation found that they had spent as many as 90 hours connected to Battle.net, the online gaming service used for StarCraft, during work hours. StarCraft is a strategy game developed by U.S. video game company Blizzard Entertainment. The five employees repeatedly accessed the game server on their work computers between September and December 2024 when their supervisor was away on vacation or business trips. One employee was connected for as long as eight hours and 53 minutes in a single day. Another was co

President Lee Jae Myung on Wednesday appointed the head of the National Tax Service (NTS) as his new chief of staff, his office said. Outgoing chief of staff Kang Hoon-sik announced the appointment of Lim Kwang-hyun as his successor, weeks after he offered to resign amid Lee's falling approval ratings and controversy over the qualifications of two Cabinet nominees, who ultimately withdrew. "(Lim) is a former economic official-turned-politician with both abundant administrative experience and political acumen," Kang told a press briefing at Cheong Wa Dae. "With experience across the National Assembly and government, he is the right person to more broadly incorporate the people's voices into the running of state affairs and speed up state achievements through cooperation between the ruling party, government and Cheong Wa Dae," he said. Lim served in various posts at the NTS before being elected a lawmaker of the ruling Democratic Party of Korea by proportional representation in 2024. He gave up his parliamentary seat upon taking office as NTS chief in 2025. Standing alongside Kang, Lim told

Korea has launched an ambitious national search for candidate sites to construct next-generation multipurpose indoor stadiums, aiming to address a chronic shortage of premier venues capable of hosting international sporting events and global K-pop concerts year-round. The Ministry of Culture, Sports and Tourism said Wednesday that it will accept bids from regional local governments and public institutions through Dec. 8. The government plans to select two candidate sites by the end of December — one for a large-scale dome capable of seating at least 40,000 spectators and accommodating over 50,000 people for concerts, and another for a medium-scale venue designed for 20,000 to 40,000 seats. The multibillion-won initiative, targeted for completion in 2034, reflects the government’s broader policy agenda to expand public access to sports and culture while establishing iconic, world-class landmarks to draw international tourists and stimulate regional economies. The drive comes as Korea’s cultural and entertainment industries grapple with an acute lack of covered, mega-capacity arenas

A POSCO Future M employee introduces an artificial intelligence (AI)-powered integrated materials management system during the company's AI Festival event in Pohang, North Gyeongsang Province, Tuesday. The company said Wednesday that the event was held to share employees' achievements in using AI, with the company planning to select outstanding projects and apply them to actual operations by the first half of next year. The battery materials firm is introducing AI agents and AI-based factories across its operations, targeting a 30 percent improvement in manufacturing productivity and a 50 percent reduction in product development time by the first half of 2028.

SK hynix projected Wednesday that the performance scale of artificial intelligence (AI) infrastructure will grow roughly 20-fold by 2030, driven by rapidly rising demand for AI inference. Ahn Hyun, head of development at the Korean chip giant, made the projection during his keynote speech at the 2026 Semiconductor Exhibition (SEDEX), which opened earlier in the day for a three-day run in southern Seoul. Ahn said the AI inference market is expanding simultaneously in three areas — task complexity, the amount of information processed at a time, and the volume of inference requests. The interaction of the three factors is rapidly increasing demand for AI infrastructure, he said. As demand for AI inference surges, memory is becoming increasingly important for storing and transferring large volumes of data. In particular, the growing capacity requirements of key-value (KV) caches, which store and reuse information previously processed by AI models, are requiring data to be distributed across different types of memory, including high-bandwidth memory (HBM), dynamic random-access memory (DRAM)

Hanwha Group said Wednesday it has appointed an independent director as chair of the board at Hanwha Corp., the group's holding company, adding that other listed Hanwha affiliates will also appoint independent directors as board chairs. During a board meeting, the holding company appointed Kwon Ik-hwan as the new chairman of the board, replacing Kim Woo-seok, who is the company’s construction division CEO. Kwon is a former prosecutor who served as head of the Ministry of Justice's Planning and Coordination Office and chief prosecutor of the Daejeon and Seoul Southern District Prosecutors' Offices. Since joining Hanwha Corp.'s board in 2022, Kwon has chaired the internal transactions committee and been a member of the audit committee and environmental, social and corporate governance committee. Hanwha Corp. said Kwon is expected to lead the board's decision-making transparently based on expertise in law and capital markets. The group said defense electronics unit Hanwha Systems and shipbuilder Hanwha Ocean will also appoint independent directors as chairs of their respective boards. Bot

Sung Jung-yong, a veteran bartender educator known in Korea’s drinks industry as a mentor to generations of bartenders, has been inducted into Keepers of the Quaich, one of Scotch whisky’s most prestigious international honorary organizations. Diageo Korea said Wednesday that Sung received the distinction in recognition of his contributions to the Scotch whisky industry and efforts to broaden understanding of whisky culture. Founded in 1988, Keepers of the Quaich is an international nonprofit organization dedicated to promoting Scotch whisky’s heritage and standing, with members active in more than 100 countries. Membership is reserved for individuals who have demonstrated sustained expertise and made significant contributions to the industry, with candidates nominated and selected through a rigorous review process. Sung began his career as a bartender at The Shilla Seoul and started training other bartenders in 2008, building a reputation as an influential educator in Korea’s hospitality industry. Since 2014, he has served as Diageo Korea’s brand ambassador and head of the Diag

LG CNS, the information technology services affiliate of LG Group, signed a memorandum of understanding with Japanese telecom company KDDI to work together on artificial intelligence (AI) and digital transformation projects across the Asia-Pacific region, the Korean company said Wednesday. KDDI is one of Japan’s three major telecom operators. It provides consumer mobile and internet services as well as business IT services such as AI, cloud and network infrastructure. It runs business operations at 19 sites in 15 countries in the Asia-Pacific region. The partnership combines LG CNS’ AI and digital transformation expertise with KDDI’s telecom infrastructure and global network to find new business opportunities in AI, smart cities, telecommunications and integrated IT system management. The two companies will explore developing agentic AI services — AI systems that can carry out tasks on their own — tailored to local businesses in KDDI’s regional markets. The services will be based on AgenticWorks, LG CNS’ agentic AI platform. They will also consider working together on autom

Netflix generated more than 1 trillion won ($730 million) in revenue in Korea last year, but sent 81 percent of that sum to its U.S. parent company, leaving its Korean operation with an operating profit of just 20.3 billion won, according to an analysis of its financial statements. Rep. Han Jun-ho of the Democratic Party of Korea, a member of the National Assembly’s Science, ICT, Broadcasting and Communications Committee, analyzed the audit report of Netflix Services Korea and found that the company’s domestic revenue rose to 1.0542 trillion won in 2025, up from 631.7 billion won in 2021. The figures highlight a widening contrast between Netflix’s growth and the financial struggles of domestic streaming platforms, with Tving reporting an operating loss of 69.8 billion won last year and Wavve losing 12.2 billion won. Netflix also dominated paid streaming subscriptions, with a usage rate of 46.7 percent, compared with 13 percent for Tving, according to the Korea Media and Communications Commission’s 2025 survey on broadcast media use. Of Netflix Korea’s 1.05 trillion won in reven