Samsung SDS is building its first AI-focused data center in Gumi, South Korea, investing $15 million to meet the surging global demand for AI computing power. This strategic move follows a 35% revenue jump in its cloud services division and aligns with industry predictions of a 40.5% CAGR in AI data center capacity by 2027. The new CEO, Lee June-Hee, will lead this expansion, leveraging partnerships such as the one with Microsoft Azure.
South Korean airlines dominate the South Korea-Japan air travel market, controlling 92% of the 1.3 million December 2024 seats. The Korean Air and Asiana Airlines merger will further consolidate this dominance, leaving Japanese carriers with limited capacity. Competition is mainly confined to a few key routes, but the overall trend shows growing centralization of capacity in South Korean hands.
South Korea’s political crisis, sparked by President Yoon’s attempted martial law declaration, has disrupted ties with the incoming Trump administration. Foreign Minister Cho is crafting a roadmap for potential US-North Korea talks, while the government addresses economic fallout. The situation has raised concerns among allies and highlighted the challenges facing South Korea in navigating an uncertain future under a new US administration.
South Korean President Yoon Suk Yeol faces potential arrest after skipping questioning regarding his controversial declaration of martial law. His impeachment follows, leading to Prime Minister Han Duck-soo’s interim leadership. The Constitutional Court will decide Yoon’s fate, potentially triggering new elections. Yoon’s defense involves accusations against the opposition, claiming they are soft on North Korea and China, while he lacks evidence.
Harvest Integrated Research Organization (HiRO) and CHA University Bundang Medical Center (CBMC) formed a strategic partnership to enhance clinical trial capabilities in South Korea. The collaboration will leverage both organizations’ expertise to provide comprehensive solutions for global pharmaceutical and biotech companies. This partnership aims to accelerate medical breakthroughs and improve patient outcomes by streamlining clinical trial processes and showcasing South Korea’s research excellence on a global scale.
South Korean President Yoon Suk Yeol faces impeachment after declaring martial law, sparking massive protests and an investigation. The Constitutional Court will decide his fate, potentially leading to a new presidential election. The opposition accuses Yoon of an attempted power grab, while he defends his actions against “anti-state forces.”
South Korea’s President Yoon Suk Yeol faces impeachment after a short-lived attempt to impose martial law. Parliament voted to impeach him, suspending his powers until the Constitutional Court decides. Opposition leader Lee Jae-myung urged a swift ruling to minimize chaos, proposing a national council for bipartisan cooperation. The unprecedented move has disrupted diplomacy and financial markets.
Facing mounting pressure and a second impeachment attempt, South Korean President Yoon Suk Yeol delivered a defiant televised address, rejecting calls to resign and blaming the opposition for his controversial declaration of martial law. His party is now prepared to vote for his removal.
South Korea is gripped by a political crisis as the ruling People Power Party (PPP) unexpectedly backs the impeachment of President Yoon Suk Yeol following his controversial declaration of martial law. This unprecedented move throws the nation’s future into uncertainty, with potential implications for the upcoming presidential elections.
South Korea faced unprecedented chaos following President Yoon Suk Yeol’s brief declaration of martial law, prompting swift condemnation from North Korea and raising international concerns. The controversial move, swiftly overturned, has fueled political instability and intensified tensions on the Korean peninsula.
