Korea's overseas direct investment rose 32.3 percent in the second quarter of 2026 from a year earlier, data showed Tuesday, led by the financial and communication sectors. Overseas direct investment by Korea totaled $20.52 billion in the April-June period, up from $15.5 billion from the same three month period in 2025, according to the Ministry of Finance and Economy. The figure has posted on-year growth since the third quarter of 2025. By sector, overseas investment in the financial and insurance industry jumped 33.4 percent to $10.48 billion. The finance ministry attributed the increase to Korean businesses' efforts to diversify their global portfolios. Overseas direct investment in manufacturing rose 3.2 percent on-year to $3.57 billion. Investment in the information and communication sector more than tripled to $2.73 billion, the data showed. By destination, investment in the United States rose 53.6 percent to $8.86 billion, followed by Japan at $2.46 billion, sharply up from $300 million a year earlier. Investment in Luxembourg rose 14.2 percent to $1.59 billion, the latest findings sh

The chief of Korea's antitrust watchdog said Tuesday he will work to "restore justice" after a local court recently cleared the way for the agency to resume its stalled probe into U.S.-listed e-commerce giant Coupang Inc. Ju Biung-ghi, head of the Fair Trade Commission (FTC), made the remarks during an interview with local radio broadcaster CBS, signaling the agency's intention to resume its investigation. Last month, Coupang refused to cooperate with the watchdog's on-site probe into allegations the company had shifted the costs of discounts onto its suppliers and asked a court to suspend the inspection. The court initially granted a temporary suspension of the FTC's on-site inspection but eventually rejected Coupang's request to halt the probe last week. "(Coupang) deals with various vendors, and the company could be subject to regulatory action if it has imposed unfavorable terms on them," Ju said. "It is a relief the judge handling the case ruled in favor of the public interest, including the rights of the economically vulnerable and hundreds of thousands of small merchants," he added

Jeonbuk National University is providing customized artificial intelligence (AI) training for Lotte Energy Materials to support its digital transformation and strengthen employees’ AI capabilities. The university said Monday that its Regional Innovation System and Education (RISE) Project Group has been conducting a four-session AI training program for employees at the company’s plant in Iksan, North Jeolla Province, from Sept. 11 to Oct. 13. The program is designed to improve employees’ ability to use AI in the workplace. Lotte Energy Materials is one of the largest companies with operations in the province. The company, a subsidiary of Lotte Group, produces copper foil for rechargeable batteries. “This training is an example of cooperation among regional government, industry and academia in which the university’s expertise is closely aligned with the needs of the region and industry,” said Jang Tae-il, director of the university’s RISE Project Group. “Building on our cooperation with Lotte Energy Materials, we will further develop specific plans for industry-academia-res

In a nation where academic pressure intensifies sharply as children grow older, a groundbreaking multiyear study is revealing how the physical and mental health of teenagers deteriorates over time. As students trade play for cram schools, public health officials are uncovering the long-term toll of childhood in one of the world's most competitive societies. The Korea Disease Control and Prevention Agency released raw data Tuesday from its sixth annual Youth Health Panel Survey. The initiative tracks a single cohort of 5,051 students who entered the study in 2019 as sixth-graders through their high school graduation in 2028. The latest dataset follows 4,141 of these students — an 82 percent retention rate — through their second year of high school in 2024. The 2024 dataset introduces 29 core health indicators spanning five major domains: diet, physical activity, tobacco use, alcohol consumption and general illness. Crucially, the survey added specific metrics measuring screen addiction and high-caffeine energy drink consumption, capturing how teenagers cope with grueling academic sch

Celltrion will use one of the world's largest pharmaceutical trade shows next month to seek partners in new drug development, contract manufacturing and supply chains, the Korean biopharmaceutical company said Tuesday. The company will take part in CPHI Worldwide, which runs Oct. 6-8 in Milan. Now in its 37th year, the event covers pharmaceutical manufacturing, supply chains and contract development and manufacturing. More than 60,000 industry professionals from about 2,400 companies in some 170 countries are expected to attend. Celltrion, best known for biosimilars — lower-cost versions of biologic drugs whose patents have expired — said it will look for partners in oncology, obesity and metabolic diseases, and autoimmune diseases. The company said its new drug research in these areas has recently begun producing results. It described the effort as part of its push to become a global developer of new drugs. As demand for its main products grows, the company also plans to strengthen existing partnerships with overseas raw material suppliers and contract manufacturers. It will look f

Samsung Electronics said Tuesday that the number of customers for its foundry business could grow roughly fourfold by 2029 compared to 2017. "The number of customers has increased about threefold from when the foundry business was first established as an independent unit in 2017," Noh Mi-jung, a senior vice president at Samsung's foundry business, said during Korea Premium Week 2026. "We expect the customer number to grow about fourfold by 2029," she said. Samsung's foundry business plans to diversify its portfolio, which is currently focused on mobile products, toward artificial intelligence (AI) and high-performance computing (HPC). HPC accounted for just 5 percent of the foundry business in 2017 but has since risen to 28 percent. The company expects the share to reach 66 percent by 2029. "By 2029, we expect HPC customers to account for more than half of our customer base, while HPC will also account for well over half of our sales," the executive said. Samsung aims to begin mass production of its third-generation 2-nanometer process in 2028, followed by mass production of its 1.4-nanome

The government on Tuesday passed a special bill outlining measures to introduce and operate nuclear-powered submarines as part of a national strategic project. The bill was passed during a Cabinet meeting led by President Lee Jae Myung and will be submitted to the National Assembly for deliberations. It is aimed at helping the systematic running of nuclear-powered submarine projects and promoting sustainable economic growth through the establishment of national security based on self-reliant defense, the maintenance of international peace and the development of the defense industry. In particular, it outlines special provisions for the introduction and operation of nuclear subs, as well as regulations concerning the safe management of nuclear power, as the project is the country's first case combining weapons systems with nuclear energy. The government has said it aims to enact the special law before the end of the year to launch the lead ship in the mid-2030s and field the homegrown nuclear-powered submarine in the late 2030s.

President Lee Jae Myung ordered the military on Tuesday to determine the cause of a land mine explosion near the inter-Korean border and take necessary measures, raising questions about how his administration, which has been pursuing dialogue with Pyongyang, might respond if North Korea is found responsible. Possible responses range from resuming propaganda broadcasts along the border to adjusting military operations inside the Demilitarized Zone (DMZ) and seeking action through the United Nations Command (UNC). The government has yet to announce any specific measures. “The military must work closely with the UNC to conduct a swift and thorough investigation and establish the facts transparently,” Lee said during a Cabinet meeting. “Necessary measures will then be taken based on the findings.” His remarks followed an interim military investigation that found a very high likelihood that North Korean mines caused the Sept. 21 explosions, which injured three South Korean soldiers. Defense Minister Kang Shin-chul and the Joint Chiefs of Staff (JCS) have pledged corresponding measures

Korea’s national Korean language proficiency exam is preparing for a major digital overhaul, introducing artificial intelligence (AI) to draft test questions and grade essays as global demand to learn the language surges. The Ministry of Education and the National Institute for International Education unveiled a comprehensive strategy Tuesday to modernize the Test of Proficiency in Korean, widely known as TOPIK. The overhaul aims to transition the traditional paper-heavy exam into an AI-driven digital testing platform by 2029, catering to an expanding pool of foreign students, job seekers and workers aiming to establish careers in Korea. Since its launch in 1997 with fewer than 3,000 test-takers across four countries, TOPIK has grown into a crucial gateway for foreign nationals seeking university admission, corporate employment or residency visas in Korea. Annual applicants soared from roughly 329,000 in 2018 to more than 566,000 in 2025, spanning 94 countries. By September, registration had already reached 564,606 — up 10 percent from the same period last year — putting the exam

BUSAN — Maritime authorities on Tuesday launched an operation to guide a shark from a canal to the outer sea, 12 days after the animal became trapped in the canal at a waterfront park in the southeastern city of Busan. The Busan Coast Guard and the National Institute of Fisheries Science, along with other relevant agencies, began preparing for the operation earlier in the day at North Port in Busan, about 330 kilometers southeast of Seoul. Once the preparatory work is completed, the police plan to deploy two vessels to guide the shark out of the park by spraying streams of water. If the method fails, they plan to guide the shark to the open sea by using a net custom-made to fit the width and depth of the artificial waterway. Affectionately named "Bukang-i" — a combination of Bukhang, or North Port, and the Korean suffix "i" — the marine animal has drawn more than 600,000 visitors as of Monday since it was first spotted in the canal on Sept. 18. Initially, local maritime police and authorities tried to drive the shark away. The animal, however, refused to leave the channel, prompting

Cornell University has disputed claims that students named in a sexual assault lawsuit were allowed to mitigate their punishment simply by submitting essays, calling the characterization false and warning it could deter survivors from coming forward. When asked about the disciplinary action against the accused students, the Ivy League university said that any suggestion that the university did not impose consequential punishments for those involved is false. “A continuation of the false narrative that there were minimal consequences in this case is irresponsible, will make survivors feel less safe and supported, and will perpetuate the underreporting of sexual assault,” the university said in a statement on Monday (local time), which it sent to The Korea Times in response to the newspaper's inquiry. The response came after a former Cornell student, identified as Jane Doe, filed a lawsuit in New York this month alleging that seven members of the school's Chi Phi fraternity drugged and sexually assaulted her in October 2024, according to The Cornell Daily Sun. The university said the

CHEONGJU — A college student was jailed Tuesday for pledging allegiance to the extremist militant group ISIS while in high school, officials said. The Cheongju District Court sentenced the 18-year-old male student to an indeterminate prison term of one to 1 1/2 years after finding him guilty of violating the anti-terrorism law. The student, whose identity was withheld, was charged with attempting to join ISIS after watching various propaganda materials at an encrypted online platform operated by an ISIS-affiliated group between November 2024 and February this year, and swearing allegiance to ISIS. He was also suspected of obtaining bomb-making instructions from an ISIS contact, forming a bomb attack scheme against the government forces of Mozambique and requesting an ISIS evaluation for his attack plan, according to court officials.

Korean food manufacturers, despite K-food’s growing presence in global markets, continue to face hurdles from overseas trade barriers that constrain further export growth, according to the head of the country’s major food industry lobby group, Tuesday. Park Jin-sun, chairman of the Korea Food Industry Association (KFIA), said difficulties faced by the group’s member companies ranged from tariff to custom, certificates and food regulations in foreign markets. Global supply chains that prevent Korea’s imports of necessary materials for the industry also posed a threat. Issues related to food safety, production technologies, eligibility for government subsidy programs and sustainable operation practices were also major concerns for the companies. “We have witnessed rising crude oil prices worldwide, tightening naphtha supplies, disrupting packaging operations and a weakening Korean won,” Park said during a press conference in Seoul marking his first year as chairman. “Not just our importers, our exporters seeking to expand their global markets also suffered from various trade

LG Innotek will dispatch a fleet of sensor-packed test vehicles to Korean roads to gather real-world data aimed at sharpening technologies that determine how self-driving cars see the world. The company said Tuesday it has begun operating data collection vehicles in Korea in partnership with Applied Intuition, a U.S. autonomous driving software company. The two companies plan to expand the fleet to 20 vehicles by 2028. Operations will initially focus on Seoul, Incheon and the surrounding Gyeonggi Province, with the fleet including both data collection vehicles and vehicles used to develop autonomous driving software. LG Innotek said direct access to road data will help it refine sensors that serve as the “eyes” of autonomous vehicles and strengthen its sensor-fusion technology. The vehicles combine cameras, radar and lidar to capture information about road conditions, vehicle movements, object locations and changes in weather, with the data to be paired with digital twin environments for sensor improvement and system validation. Sensor fusion combines camera imagery with radar measure

The chief of Korea's financial watchdog on Tuesday called on securities firms to shore up shareholder value and heighten risk management for rising interest rates. In a meeting with heads of 28 securities firms, Lee Chan-jin, governor of the Financial Supervisory Service (FSS), said local brokerage firms had racked up record profits amid a stock bull run. "Securities firms that benefited the most from the growth of the capital market should play a greater role in leading market reform, and work to boost shareholder value," Lee said. The FSS chief also called for better management of loans extended to investors as part of efforts to reduce market volatility. Lee, in addition, urged securities firms to better prepare for rising interest rates.

Samsung SDI is unveiling a range of battery solutions designed for artificial intelligence (AI) data centers at Data Centre World Asia (DCWA) 2026, which kicked off Tuesday in Singapore, as the battery maker seeks to expand its presence in the fast-growing data center market. The event, which is one of Asia's largest data center exhibitions, brings together companies across the data center ecosystem, from design and construction to operations and management. This year’s edition is drawing more than 600 companies from around the world. Samsung SDI is participating in the annual event for the first time, showcasing products and technologies in four exhibition zones dedicated to uninterruptible power supply (UPS) systems, battery backup units (BBUs), Samsung battery box (SBB) and a range of battery cells. At the UPS zone, Samsung SDI is showcasing a UPS solution that it said was the first in the world to meet all criteria in an indoor large-scale fire test conducted by UL Solutions, a global safety testing and certification company. The installation-level test involves intentionally igni

With the flu spreading earlier than usual this year, market interest is growing in products that may help support immune health, including red ginseng. According to the Korea Disease Control and Prevention Agency, the number of patients with influenza-like illnesses reached 25.3 per 1,000 outpatients during the first week of September. This is nearly double the epidemic threshold of 12.9 and up sharply from 13.3 in late August. COVID-19 is also spreading alongside the flu. During the same period, 193 patients were hospitalized with COVID-19, more than triple the number four weeks earlier. Last year, the government issued a flu advisory on Oct. 17, but this year it issued the advisory on Sept. 11 and began its vaccination program on Sept. 21. Against this backdrop, consumers are showing growing interest not only in vaccination but also in products that support immune health as part of broader preventive care, with red ginseng among those drawing increased attention. Red ginseng has been officially recognized by the Ministry of Food and Drug Safety for seven potential health benefits, inclu

China’s top diplomat Wang Yi met Japan’s former foreign minister Takeshi Iwaya, who is leading a 50-member delegation of corporate executives, in Beijing on Monday, marking the highest-ranking Chinese official reception for a Japanese visit in nearly a year. During the talks, Wang warned that bilateral relations were facing a “severe situation” and had “yet to be normalised” ahead of next year’s 55th anniversary of diplomatic ties, according to a readout from the Chinese foreign ministry. “A...

Hong Kong’s media should eliminate falsehoods and expand their global reach, the chief executive has said, urging news workers to serve as “spokespeople” for good stories about mainland China and Hong Kong. Speaking on Tuesday at an event marking the 77th anniversary of the founding of the People’s Republic of China, city leader John Lee Ka-chiu outlined his two expectations for the industry. He first directed media workers to safeguard the truth, dispel falsehoods and exalt the good, invoking a...

The US and China need to improve communication, work together more closely and more fully embrace technology to stem risks associated with artificial intelligence, the founder of Nvidia said on Monday. “We should recognise that we’re competitors, and competitors are still able to collaborate,” said Jensen Huang, head of the world’s most valuable company, with a market capitalisation of about US$5.5 trillion. “This is such an important and consequential technology. It has the incredible...

US chip giant Advanced Micro Devices (AMD) has agreed to acquire World Labs, the artificial intelligence start-up founded by renowned Chinese-American computer scientist Li Fei-Fei, for US$8.2 billion in an all-stock deal, as the company steps up its rivalry with Nvidia. The acquisition, expected to close by the end of this year, would integrate World Labs’ research team and spatial-intelligence model expertise into AMD, according to an announcement on Monday. Li, a Stanford University professor...

A Hong Kong man who allegedly installed pinhole cameras in the changing rooms of a popular gym chain has been released on bail pending the identification of victims. Construction site foreman Fung Kwok-wang, 34, was not required to answer a count of voyeurism in his first appearance at Sha Tin Court on Tuesday, as prosecutors sought an eight-week adjournment for further police inquiries. Acting Principal Magistrate Cheang Kei-hong granted the defendant HK$2,000 (US$255) bail on condition that he...

The ocean drilling ship Mengxiang has returned from its first expedition in the South China Sea, where it set a national depth record and obtained basalt core samples that could help to unravel the region’s tectonic history. The 30-day expedition organised by the China Geological Survey tested the operational capabilities of the world’s most powerful deep-ocean drilling ship, according to a report published on Monday by the official ministry newspaper Science and Technology Daily. During the...

Hong Kong is set to welcome 1.29 million mainland Chinese visitors over the National Day “golden week” break, fuelling questions online about what locals and tourists can do during the celebrations. On popular mainland social media platform RedNote, many users have recommended a range of activities, such as visiting the countryside, exploring the Unesco Global Geopark in Sai Kung, cycling and watching fireworks. To help tourists and locals alike, the South China Morning Post shares some of the...

Technology helps every grain make it to the granary in China

China plans to complete a geological map of Mars by the end of 2028, as its space rivalry with the United States intensifies. Hou Zengqian, chief scientist of China’s next Mars mission known as Tianwen-3, on Monday said the map would cover the entire surface of the red planet and it aimed to be the global standard for the Martian geological ages. State news agency Xinhua reported that the map would be the first AI-driven geological map of Mars and would be an important part of preparations for...

The official opening of the Pinglu Canal on September 16 is a milestone in modern Chinese history. More than an infrastructural feat, it signals a strategic recalibration of how China’s inland economies connect with the sea and Southeast Asia, and augurs the next phase of regional growth. Designed for vessels of up to 5,000 tonnes, the 134.2km (83.4 mile) waterway stretches from the Xijin reservoir in Hengzhou, an emerging city in Guangxi, to the Gulf of Tonkin (known as the Beibu Gulf in...

China's top political advisor Wang Huning on Monday called for efforts to lead people of all ethnic groups in working together to create a better life.

China's top diplomat Wang Yi on Monday said that for Japan, the pressing task is to correct the erroneous words and deeds of its leaders on the Taiwan question as soon as possible.

A Chinese team has set a world record for the most autonomous underwater drones operating at the same time, deploying more than a hundred of the small robots in a swimming pool test. The Guinness World Record for “most autonomous underwater vehicles operating simultaneously” was set by a team from Northwestern Polytechnical University in collaboration with Xian Tianhe Maritime Technologies. The trial involved a swarm of 116 autonomous underwater vehicles – called TH-618s, the university said in...