CriptoVision: The Evolution from a Disruptive Academy to a Comprehensive Blockchain Ecosystem with VSN

Oct 19, 2023

Key Takeaways

  • CriptoVision has transformed from a decentralized academy to a comprehensive blockchain ecosystem leader in the DeFi sector.
  • Its mission is to democratize access to education and participation in cryptocurrencies and decentralized finance, breaking down barriers and enabling individuals and businesses to harness the potential of blockchain technology.
  • To overcome regulatory challenges, CriptoVision relocated to Peru in 2021, paving the way for growth and expansion.
  • CriptoVision has adopted non-fungible tokenization as a central element of its business strategy, strengthening transparency and reliability in the blockchain space and introducing the VSN token for active user participation.
  • Through a merger with Vision Labs and investment round in Dubai, CriptoVision has expanded its service portfolio and accelerated its global expansion efforts. The launch of Vision Hub provides an integrated platform for education, financial services, and entertainment experiences.

CriptoVision: The Evolution from a Disruptive Academy to a Comprehensive Blockchain Ecosystem with VSN

Spain - October 19, 2023 —

CriptoVision, a pioneering company in the field of cryptocurrencies and blockchain technology, has embarked on a fascinating journey from its humble beginnings as a decentralized academy to its current position as a comprehensive ecosystem leader in the decentralized finance (DeFi) sector.

Since its inception in 2017, CriptoVision's core mission has been to democratize access to education and participation in the emerging world of cryptocurrencies and decentralized finance. With a focus on fostering mass adoption of blockchain technology, CriptoVision has strived to eliminate traditional barriers to entry into the world of investments and technology, enabling individuals and businesses to explore and harness the full potential of this innovative financial technology.

However, the path to success has not been without challenges. Confrontation with complex regulations in the United States posed significant obstacles for the company in its path to global expansion. In strategic response to these challenges, CriptoVision decided to relocate to Peru in 2021, paving the way for a new phase of growth and expansion.

In 2023, CriptoVision took a bold step by completely restructuring itself, adopting non-fungible tokenization (NFT) as a central element of its business strategy. This innovative initiative has allowed Crypto Vision to strengthen its commitment to transparency and reliability in the blockchain space, while providing its users with a more active participation in the ecosystem through the VSN token.

Through a strategic merger with Vision Labs, CriptoVision has significantly expanded its service portfolio, becoming an integral force in the development of blockchain solutions. With a strong network of over 20 strategic partners, the company has strengthened its ability to offer a wide range of comprehensive solutions ranging from decentralized application (dApp) development to smart contract implementation and the creation of customized blockchain ecosystems.

The recent investment round in Dubai has further propelled Crypto Vision's global expansion efforts, allowing the company to inject capital and accelerate its path to becoming a global leader in blockchain technology services.

The launch of Vision Hub has marked a milestone in CriptoVision's journey towards building a strong and diverse global community of blockchain technology enthusiasts. Vision Hub represents an integrated platform that combines a decentralized academy, innovative financial services, and a wide range of exciting entertainment experiences, all within a unified and easily accessible ecosystem.

With a renewed focus on technical excellence and customer satisfaction, CriptoVision is committed to leading the decentralized finance revolution and paving the way for mass adoption of blockchain technology worldwide.

Website CriptoVision : https://www.criptovision.com/

Website Vsion : http://vsion.io

Whitepaper Vsion : https://whitepaper.vsion.io

Telegram : https://t.me/vsionhub

Contact Info:
Name: CriptoVision
Email: Send Email
Organization: CriptoVision
Website: https://vsion.io/

Release ID: 89110543

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Top 30 in The Korea Times University Rankings 2027

As competition for international students intensifies worldwide, The Korea Times has expanded and refined its University Rankings 2027, evaluating 60 universities across four categories: education, research, student support and graduate outcomes. The rankings aim to assess how well Korean universities are building sustainable environments for international students and scholars, shifting the focus beyond enrollment numbers toward the quality and depth of internationalization. This year’s evaluation features 19 indicators worth a total of 200 points, with 65 percent of the score directly tied to globalization. The following tables present the top 30 universities overall, along with the top 30 in each category.

Top 30 in The Korea Times University Rankings 2027

Korea Times University Rankings focus on universities' internationalization capabilities

The Korea Times University Rankings 2027 focus on universities’ internationalization capabilities rather than their overall institutional strength. Unlike comprehensive rankings such as QS and Times Higher Education (THE), which place greater emphasis on reputation and research, The Korea Times rankings evaluate the diverse resources and achievements of universities from an internationalization perspective. Through the assessment, The Korea Times aims to help international students considering studying in Korea make informed choices and promote healthy competition among universities to strengthen their internationalization capabilities. Differences in evaluation method The Korea Times excluded the Korea Advanced Institute of Science and Technology (KAIST) and the Pohang University of Science and Technology (POSTECH) from its University Rankings, although both rank among Korea’s top universities in global rankings. The exclusion was based on a comprehensive consideration of the number of international students, institutional size and regional balance among Korean universities. In the QS

Korea Times University Rankings focus on universities' internationalization capabilities

Evaluation criteria revised to better assess universities' internationalization

The Korea Times has revised the evaluation criteria for its University Rankings 2027 to provide a more comprehensive and rigorous assessment of the internationalization of Korean universities. This year’s evaluation expanded its coverage from 54 universities last year to 60, while increasing the total score from 190 points across 18 indicators to 200 points across 19 indicators. Notably, The Korea Times introduced a new indicator measuring the proportion of full-time international faculty. It also changed the calculation method for the academic retention rate of international students, focusing the measure on degree-seeking students, and refined the evaluation period for research performance. The new international faculty indicator, worth 10 points, is designed to strengthen the assessment of internationalization in the education and research environment, marking the biggest change in this year’s rankings. Accordingly, the education category’s score increased from 60 points to 70 points. The category now consists of seven indicators, including the ratio of degree-seeking internationa

Evaluation criteria revised to better assess universities' internationalization

New indicators sharpen focus on quality over quantity in university globalization

Academics and industry observers said revision to The Korea Times University Rankings 2027 represent a meaningful step forward, with updated indicators that offer a more comprehensive measure of university internationalization. This year’s revisions placed greater emphasis on faculty diversity, student success and sustained research collaboration. Shin Jang-sup, a professor of economics at the National University of Singapore, said the overall framework has improved from last year, highlighting the addition of an indicator measuring the proportion of international full-time faculty, as well as changes to the international student retention indicator. “Including the international student retention rate is a very desirable change,” Shin said. “It strengthens the rankings’ focus on evaluating universities from the perspective of international students.” Seo Myeong-seok, managing director of the Korea Advancing Schools Foundation, also emphasized that the revisions have strengthened the overall framework. He pointed to the introduction of the international full-time faculty ratio,

New indicators sharpen focus on quality over quantity in university globalization

Universities need to do more to support international students

Internationalization is no longer an option for Korean universities but a necessity for their survival, as the nation’s higher education system faces an unprecedented structural transformation. Yet The Korea Times University Rankings 2027 reveal a stark reality: Korean universities still have a long way to go to achieve full-fledged internationalization. Universities have met the basic requirements for internationalization. But investment in faculty recruitment and student support has failed to keep pace with the increasing number of international students, while graduate outcomes remain weak. The Korea Times launched the university rankings last year to assess the level of internationalization among domestic universities. This year’s rankings covered 60 universities using 19 indicators in four categories: education, research, student support and graduate outcomes. Universities were assessed on a 200-point scale, with 70 points allocated to education, 50 points to research, 40 points to student support and 40 points to graduate outcomes. The education category saw the strongest overall

Universities need to do more to support international students

Top Korean universities hold firm as new contenders gain ground

Korea University retained the top spot in The Korea Times University Rankings 2027 for the second consecutive year, as the country’s leading universities largely held their ground while Sejong University emerged as the biggest mover in the top 10. First launched last year, The Korea Times University Rankings aim to look beyond the number of international students to assess how well universities are building the broader ecosystem needed for globalization. This year’s results suggest that while Korean universities have made progress in attracting and managing international students, many still lag in areas such as international faculty, financial support and post-graduation outcomes. The disparity was evident across the four evaluation areas. Universities performed strongest in education, while scores were lower in student support and lowest in graduate outcomes, underscoring the challenge of building an environment that supports international students not only upon arrival but throughout their studies and beyond graduation. Korea University topped the rankings with 149.52 points out o

Top Korean universities hold firm as new contenders gain ground

Regional universities excel in student support category

Seoul-based universities dominate the top 30 of The Korea Times University Rankings 2027. Their dominance is, however, less evident in the student support category, where regional universities are investing more in helping international students find jobs and settle after graduation. Among the 60 universities evaluated nationwide, 18 of the 24 universities in Seoul made the top 30, reaffirming the capital’s long-standing dominance in internationalization. Five of nine schools in Gyeonggi Province and Incheon are included in the list, while four of 13 universities in metropolitan cities outside the capital region made the cut. Only three of the 14 universities in provincial areas made the top 30, showing that they still lag well behind major universities in Seoul and other metropolitan areas. Those figures indicate that internationalization capabilities remain concentrated in the capital region. The education, research and graduate outcomes categories showed a consistent regional pattern, with Seoul scoring highest, followed by Gyeonggi and Incheon, metropolitan cities outside the capita

Regional universities excel in student support category

Regional, smaller universities challenge hierarchy as globalization paths diverge

Some universities outside Seoul and the capital region demonstrated strong international competitiveness in specific areas in The Korea Times University Rankings 2027, despite the dominance of the country’s top-tier schools in the overall standings. This indicates that universities are strengthening their international capabilities in different ways across areas such as student recruitment, educational environments, international research, student support and graduate outcomes. Korea University, Seoul National University and Yonsei University — the country’s three leading institutions collectively known as “SKY” — held the top three spots in the overall top 30. However, regional and smaller universities including Handong Global University, Incheon National University, Woosong University and Kyungsung University performed strongly in categories such as education, student support and graduate outcomes. Handong Global University, based in Pohang, North Gyeongsang Province, stood out by ranking second in student support behind only Seoul National University, despite placing 23rd

Regional, smaller universities challenge hierarchy as globalization paths diverge

New metrics reshuffle top 30 university rankings, expose globalization gaps

The top 30 of The Korea Times University Rankings 2027 remained largely stable — 28 of last year's 30 universities held their places — but beneath that continuity, a revised methodology reshaped individual positions and exposed widening gaps in the quality and depth of internationalization at Korean universities. Seoul-based private universities dominated the top 30, though seven universities outside the capital region also made the cut. They included regional flagship national universities — Pusan, Kyungpook, Jeonbuk and Chungnam — as well as private institutions known for their internationalization efforts, such as Woosong, Handong Global and Yeungnam universities. Yeungnam University and Kookmin University were the only newcomers, climbing three and four spots from 32nd and 34th last year to 29th and 30th, respectively. Yeungnam's rise was driven largely by its strong performance in international research. The private university in Gyeongsan, North Gyeongsang Province, ranked ninth among the 60 institutions in the research category with 30.95 points, placing first in the shar

New metrics reshuffle top 30 university rankings, expose globalization gaps

Singapore Management University president highlights growing role of social sciences in AI era

SINGAPORE — As artificial intelligence (AI) reshapes how businesses operate, governments make policy and people work, the skills needed to navigate its impact are extending far beyond technology — putting greater emphasis on human judgment, critical thinking and an understanding of society. Singapore Management University (SMU) President Lily Kong believes that shift will make the social sciences and management increasingly important in the AI era, as universities are tasked not only with teaching students how to use the technology, but also to question its output, understand its consequences and apply it responsibly. “I think that the more capable that AI becomes, the more valuable human judgment becomes,” Kong said in a recent interview with The Korea Times. For Kong, AI is not just a technological shift. As it reshapes workplaces, business decisions and public policy, universities must equip students to understand and manage its broader impact on society. She said SMU’s focus on management, social sciences and technology puts it in a strong position to prepare students for t

Singapore Management University president highlights growing role of social sciences in AI era

5-year term upheld for drunk driver who killed Japanese woman

A court of appeals on Thursday upheld a five-year prison sentence for a man in his 30s who was indicted for drunk driving in downtown Seoul and hitting a Japanese woman and her daughter last year, killing the mother. The appellate division of the Seoul Central District Court issued the ruling after dismissing the appeal filed by the man identified only by his surname Seo, saying there were no grounds to reduce his sentence or grant him leniency. Seo is accused of drunk driving after consuming three bottles of soju on the night of Nov. 2 last year and hitting the two Japanese women as they crossed a pedestrian crosswalk near Dongdaemun Station in Seoul's Jongno Ward. The mother in her 50s was taken to a nearby hospital in cardiac arrest and later died, while her daughter in her 30s sustained minor injuries. Seo's blood alcohol concentration was 0.212 percent, well above the 0.08 percent legal threshold for license revocation. The accident reportedly occurred on the first day of the two women's three-day trip to Korea. In early May, the Seoul Central District Court sentenced Seo to five ye

5-year term upheld for drunk driver who killed Japanese woman

Korea, France stage joint air drills to enhance interoperability

Korea and France staged a joint aerial exercise this week aimed at enhancing interoperability between their troops, the Korean Air Force said Thursday. The three-day drills, which kicked off Tuesday, took place at an air base in Cheongju, about 110 kilometers south of Seoul, according to the armed service. It marks the first joint drills between Korea and France in three years. The Air Force mobilized its F-35A stealth jets and KC-330 Cygnus multirole aerial tankers, among others, while the French Air Force deployed two Rafale fighter jets and an A-330 aerial refueling tanker for the drills. The French team was mobilized as part of France's "Pegase" mission designed to inspect its interoperability and deterrence capabilities with allied forces. The exercise is scheduled to take place across nine countries, including Canada, the United States and Japan, from Sept. 8 through Oct. 15. On Wednesday, the Korean and French air forces conducted mutual aerial refueling designed to enhance the understanding of their respective aerial refueling systems. The air forces also staged joint tactical flig

Korea, France stage joint air drills to enhance interoperability

Korea's 1st unmanned military ground vehicle gets ready for battlefield

CHANGWON, South Gyeongsang Province — As an employee walked across a test track at Hanwha Aerospace’s Changwon Plant 2, a four-wheeled vehicle trailed several meters behind, matching his path without anyone at the controls. The vehicle was the Arion-SMET, Korea’s first multipurpose uncrewed ground vehicle selected for military deployment. “The Arion-SMET can autonomously follow a soldier in front without any intervention from the operator,” said Lee Yun-su, a research engineer at Hanwha Aerospace’s Manned-Unmanned Teaming R&D Center, during the demonstration Monday. The vehicle then picked up speed under remote control. It can travel at up to 60 kilometers per hour, allowing it to leave dangerous areas or deliver supplies, according to the company. A 7.62-millimeter remote-controlled weapon station mounted on top swiveled toward a target on the test ground. Even as the vehicle moved, the weapon remained trained on it. For the final demonstration, another Hanwha employee loaded supplies onto the vehicle and pressed a button on its side. With no driver aboard, the Arion-SMET mov

Korea's 1st unmanned military ground vehicle gets ready for battlefield

President Lee vows to crack down on transnational crimes, scalping

President Lee Jae Myung said Thursday that he will root out transnational crimes, including voice phishing targeting Koreans. Lee made the remarks on social media while sharing a video showing the arrest of members of a scam ring hiding in Kazakhstan in a joint operation with the local government. "The notion that one can avoid capture by staying abroad must now be abandoned," Lee said, adding that anyone who commits crimes against Koreans will be thoroughly tracked down and punished, no matter where in the world they are hiding. Lee expressed gratitude to Kazakh President Kassym-Jomart Tokayev and the Kazakh authorities for their active cooperation in busting the large-scale voice phishing ring. The Korean National Police Agency announced on Aug. 5 that investigators from a governmentwide special task force on transnational crimes apprehended 14 members of the Korean scam ring in the joint operation in Almaty, Kazakhstan, on July 23. Lee also vowed to crack down on scalpers, while sharing a news report about the arrest of a scalper who had made several billion won by purchasing tickets t

President Lee vows to crack down on transnational crimes, scalping

Sungkyunkwan University research offers design guidelines for organic solar cells

A Sungkyunkwan University research team has analyzed an ultrafast process through which electricity is generated in organic solar cells, offering design guidelines for developing more efficient materials. The university said Monday that the team, led by chemistry professors Kim Tae-yeon and Ko Doo-hyun, conducted the analysis, providing insights for the development of higher-performance solar cell materials. Organic solar cells are a next-generation clean energy technology prized for their flexibility and transparency. The silicon solar panels commonly seen on rooftops are heavy and rigid. Organic solar cells, by contrast, use lightweight, thin films that can be bent and shaped, making them a promising technology that could be integrated into windows or even clothing. More recently, non-fullerene acceptors have emerged as a new class of materials that can significantly improve the efficiency of converting sunlight into electricity. However, exactly how electricity is generated in these materials at the moment they absorb sunlight has remained uncertain. To unravel this mystery, the researc

Sungkyunkwan University research offers design guidelines for organic solar cells

9 sent to prosecution for alleged extortion targeting foreigners in Yangsan, Gimhae

Police have referred nine individuals to the prosecution on suspicion of intimidating and extorting money from foreign nationals operating unregistered motorcycles in the southeastern cities of Yangsan and Gimhae, local authorities said Thursday. According to the Yangsan Police Station, two suspects in their 20s allegedly extorted about 2 million won ($1,450) from foreign riders on 24 occasions between June and July in the city located some 300 kilometers southeast of Seoul by threatening to report them to police. They actually did so when victims claimed they had no money. The suspects apparently targeted foreigners knowing they would not be reported to the police as the victims feared their own undocumented status or operation of unregistered motorcycles would be exposed. Similarly, seven teenagers in Gimhae, about 300 kilometers southeast of Seoul, were transferred to the prosecution on suspicion of intimidating foreign motorcyclists without license plates, such as by kicking their vehicles, in September 2025 and June 2026, according to the Gimhae Seobu Police Station. Police noted, h

9 sent to prosecution for alleged extortion targeting foreigners in Yangsan, Gimhae

Illegal imports of weight-loss drugs top 5,000 through Aug.: customs agency

Korea's customs agency said Thursday the number of attempted illegal imports of weight-loss medications, such as Wegovy and Mounjaro, surged from a year earlier to exceed 5,000. A total of 5,030 cases involving the illegal import of weight-loss drugs through overseas direct purchases and other illicit channels were detected in the January-August period, far exceeding the 1,189 cases tallied for all of last year, according to data compiled by the Korea Customs Service. The customs agency has been working closely with the Ministry of Food and Drug Safety to inspect imported medications as part of efforts to protect public health from unauthorized products. While Wegovy and Mounjaro are prohibited from being brought into the country in travelers' hand luggage, a growing number of Koreans have attempted to purchase the medications from neighboring countries due to price differences. "The customs agency conducts X-ray scans and baggage inspections and returns or discards products that do not meet import requirements," the agency said. "If violations go beyond a failure to meet import requireme

Illegal imports of weight-loss drugs top 5,000 through Aug.: customs agency

Gov't supports bill easing restrictions on civilian contact with N. Koreans: lawmaker

The government has expressed support for a bill that would ease restrictions on South Koreans seeking to contact North Korean residents by removing its authority to block such contacts, officials said Thursday. Under the Inter-Korean Exchange and Cooperation Act, South Korean nationals planning to make contact with North Koreans are required to file a report in advance with the unification ministry. The ministry may reject such requests if there are clear concerns that the contact may undermine inter-Korean cooperation or pose a threat to national security, public order or public welfare. A revision proposed by Rep. Kim Joon-hyung of the minor Rebuilding Korea Party seeks to remove the government's authority to reject such requests, and the government has decided to support the move, Rep. Ahn Cheol-soo of the main opposition People Power Party said, citing a report from the unification ministry. The ministry confirmed its position, saying, "The government supports the proposed revision, considering the law's purpose of promoting inter-Korean exchanges and cooperation, operating a system

Gov't supports bill easing restrictions on civilian contact with N. Koreans: lawmaker

Special counsel team raids election watchdog in probe into ballot shortages

A special counsel team on Thursday raided the national election watchdog and other local election commissions as part of its probe into shortages of ballots during the June 3 local elections. It marked the first raid by special counsel Lee Tae-han's team after its launch on Sept. 7 to investigate the shortages that sparked major public outcry after some voters were forced to turn back without casting their votes. Lee's team sent investigators to nine locations, including the National Election Commission (NEC) based in Gwacheon, just south of Seoul, and the local election commissions of Gyeonggi Province, Incheon, Busan and Daegu. Investigators seek to seize internal records in connection with the ballot shortages. During the elections, the shortages led to voting disruptions at some polling stations in Gyeonggi that surrounds the capital, the western city of Incheon, and the southeastern cities of Busan and Daegu. The special counsel team is tasked with investigating the election watchdog's management of ballot papers and suspected tampering of voter turnout data during the local election

Special counsel team raids election watchdog in probe into ballot shortages

Korean Catholic Church voices 'deep concerns' over abortion bill plan

The Korean Catholic Church has expressed "deep concerns" over government plans to formally introduce abortion pills and urged for a reconsideration. The Catholic Bishops' Conference of Korea (CBCK) made the call in a statement issued Wednesday after the government announced plans to allow the use of abortion pills by women up to nine weeks pregnant. "The CBCK voices deep concerns as this measure would only institutionalize abortion in an 'orderly' manner, without changing its fundamental nature, while allowing a disregard for life to be more deeply rooted in our society," the organization said. The Korean Catholic Church said the phased introduction of abortion pills is merely a "road map" to expand them, stressing that regardless of how well the process is built, it does not change the fact that the pill kills a human life in the womb. The CBCK said a society that truly respects humans is not one that gets rid of the most vulnerable life to ease the difficulties of women but one that takes the responsibility so that women would not have to give up on new life. In such a regard, it asked

Korean Catholic Church voices 'deep concerns' over abortion bill plan

Chungnam National University students complete AI research program in US

Chungnam National University on Tuesday welcomed students who had returned from the University of Illinois Urbana-Champaign (UIUC) in the United States after completing research projects there. The welcome ceremony was organized by the university’s National Center of Excellence in Software project team and its affiliated Convergence Security Research Center. Chungnam National University said the ceremony brought together students in the Global Software & AI Talent Program and related university officials. Twenty-four students participated in the AI and Generative Models: From Algorithms to Applications research program. Students from the School of Computing and Artificial Intelligence and the Department of Artificial Intelligence in the College of Engineering were selected to participate in the four-week program at UIUC, beginning July 10. Upon their return, they presented the final results of the projects they carried out during their stay at the U.S. university, while also sharing their experiences there. The students conducted a range of advanced research projects focused on generati

Chungnam National University students complete AI research program in US

Ex-President Yoon indicted over wife's luxury bag case

Prosecutors on Thursday indicted former President Yoon Suk Yeol on anti-graft charges in connection with his wife's alleged acceptance of a luxury bag in 2022, officials said. It marks the latest criminal indictment against the jailed former president, who is standing multiple trials following his failed 2024 martial law bid and subsequent ouster from office. In the latest case, Yoon faces charges of failing to report former first lady Kim Keon Hee's alleged receipt of the Dior bag, worth 3 million won ($2,170), from a pastor in 2022 as required by the anti-graft law, according to the Seoul Central District Prosecutors Office. Prosecutors had decided not to pursue charges over the case in October 2024, when Yoon served as president, citing a lack of connection to his official duties. The latest move comes after a Seoul district court in June convicted Kim on charges of accepting the luxury bag among other valuables in exchange for favors. The case is currently under review at an appellate court. Separately, prosecutors decided not to indict Yoon on charges of violating the election law fo

Ex-President Yoon indicted over wife's luxury bag case

Busan unites foreign workers through sports, culture, safety

On the factory floors and shipyards of Korea’s second-largest city, foreign laborers power key sectors of the regional economy. Home to over 60,000 foreign residents, the southeastern port city of Busan relies heavily on migrant workers to keep its industrial hubs running. This weekend, city authorities are swapping heavy machinery for tug-of-war ropes, traditional folk dances and workplace safety quizzes to help those workers feel more at home. The city of Busan said Thursday that it will host its third annual Sports and Cultural Festival for foreign workers Sunday. Running from 12 p.m. to 5 p.m. at Hwaam Park in the Gangseo District — a heavy industrial heartland housing hundreds of manufacturing plants — the event is expected to draw roughly 700 foreign workers, their families and local community leaders. Organized by the Busan Foreign Worker Support Center and backed by the city government along with local labor unions, the gathering aims to build community bridges in a country rapidly turning to overseas labor to offset its shrinking domestic workforce. The festival blends recr

Busan unites foreign workers through sports, culture, safety

Korea Foundation honors US Peace Corps vets for decades of grassroots diplomacy

The Korea Foundation (KF) presented the 10th Korea Foundation Award to Friends of Korea (FoK), Wednesday, at The Plaza Hotel in Seoul, honoring the nonprofit for its decades of grassroots diplomacy and dedication to fostering ties between Korea and the United States. Founded in 2002 by former U.S. Peace Corps volunteers who served in Korea from the 1960s through the 1980s, FoK has spent over two decades deepening mutual understanding between the two nations. The Peace Corps originally deployed thousands of young Americans to teach English and support rural development across Korea. Since then, FoK has built an extensive historical archive of those early missions while promoting Korean culture in the U.S. through public education, publishing and community outreach. The award ceremony served as a celebration of enduring cross-cultural bonds. FoK Chairman Gerard Krzic and board member Jenna Gibson accepted the top honor on behalf of the group, presenting KF President Song Gui-do with a commemorative plaque titled "Sixty Years of Friendship" to mark six decades of Peace Corps' legacy in Ko

Korea Foundation honors US Peace Corps vets for decades of grassroots diplomacy

Seoul city to hike Han River ferry fares for weekends starting next year

The Seoul city government said Thursday it seeks to increase fares for its Han River ferry shuttle service on weekends and public holidays next year in a bid to better distribute costs. The "Hangang Bus" service fare is expected to rise from the current 3,000 won ($2.17) to around 5,000 to 10,000 won on weekends and holidays next year, the city said, as the service marks its first anniversary Friday. The ferry service links major points along the Han River that runs through the capital, and has carried more than 600,000 passengers since its launch on Sept. 18, 2025, according to the city government. The city is pushing for the fare hike as there is more demand for the service on weekends, a city official said, adding that a final decision is expected to be made in April next year after public hearings. Seoul Mayor Oh Se-hoon said the city also plans to increase the number of piers and ferries to reduce waiting intervals to 15 minutes, while diversifying routes by introducing an express service. The city government said it plans to expand the ferry service into a form of public transit bey

Seoul city to hike Han River ferry fares for weekends starting next year

Confirmation hearing reports adopted for justice, defense minister nominees

Parliamentary confirmation hearing reports were adopted for the justice and defense minister nominees Thursday amid objections from the main opposition People Power Party (PPP). The parliamentary legislation and judiciary committee adopted a confirmation hearing report for Justice Minister nominee Kim Seung-won as the ruling Democratic Party of Korea (DPK) forged ahead despite PPP lawmakers' boycott, protesting that allegations surrounding Kim were not fully addressed. "None of the allegations raised during the hearing have been resolved," PPP Rep. Park Hyeung-soo said before walking out of the session. The DPK argued that the nominee sufficiently explained himself during Tuesday's confirmation hearing, including claims that he illegally lobbied the food and drug safety ministry to speed up approval for a COVID-19 treatment in 2021 at a broker's request. Kim, a two-term lawmaker, served as a judge at the Jeonju District Court and the Suwon District Court before joining the presidential office under the liberal Moon Jae-in administration, where he worked in the office of political affairs

Confirmation hearing reports adopted for justice, defense minister nominees

Doosan Corp. bets $700 mil. on chip substrate material biz

Doosan Corp., the holding company of Doosan Group which also operates an electromaterials business, will invest 970 billion won ($702.6 million) to expand its production capacity for copper clad laminates (CCLs), a key material for advanced semiconductor substrates. Doosan Corp. said in a regulatory filing Thursday that its board approved investment to expand the domestic and overseas production capacity of its electromaterials business unit. Under the plan, the company will invest 970 billion won by Dec. 31 next year to expand its production capacity in Korea and overseas. The investment is the largest in Doosan Corp.’s history and accounts for about 8 percent of its equity capital. CCL is a key material used in advanced chip substrates and printed circuit boards (PCBs) found in virtually all electronic devices. The market for the material has remained strong in recent months as demand continues to outpace supply across the broader semiconductor value chain. Doosan Corp. will spend 420 billion won to expand its domestic production lines for CCLs used in optical transceivers — device

Doosan Corp. bets $700 mil. on chip substrate material biz

LG chairman stresses 'prompt, tenacious execution' in AI investment

LG Group Chairman Koo Kwang-mo stressed “prompt and tenacious execution” in making investments in artificial intelligence (AI) businesses, asking affiliate CEOs to treat AI as a key factor that will determine the group’s future competitiveness. According to the group, Thursday, Koo made the comments during a meeting with LG affiliate presidents at the group’s training center in Icheon, Gyeonggi Province, a day earlier. The meeting was attended by Koo and over 40 top executives of LG Electronics, LG Display, LG Innotek and other key affiliates. Participants explored how AI is bringing changes to the industrial and technological landscape and discussed investment priorities and execution plans to secure future competitiveness. “AI is no longer an area where we can selectively choose whether to respond,” Koo said. “It is the key pillar that will determine our future competitiveness. I ask our CEOs to focus on prompt and tenacious execution so that we can win in the future competition driven by AI.” During the meeting, participants reviewed past investments in areas including

LG chairman stresses 'prompt, tenacious execution' in AI investment

KT joins state project to build AI-driven 'dark factory' solutions

KT said Thursday it has joined a government-led research project to develop design and construction solutions for "dark factories" — fully automated, unmanned plants that run around the clock using artificial intelligence (AI) across every stage of production. The project falls under a Ministry of Science and ICT initiative to build a research and development ecosystem for a software platform based on collaborative intelligence and physical AI. It aims to build a dark factory near Jeonbuk Innovation City in North Jeolla Province. Besides KT, the Korea Advanced Institute of Science and Technology, LG Energy Solution, Harim Foods, Shinsung E&G and the Korea Productivity Center are taking part as joint research institutions. KT will develop a system built on modular edge AI data center infrastructure — compact, distributed AI data centers pre-assembled on factory floors — to generate and verify Sim-Ready synthetic data, or digital data usable in virtual simulation environments, along with an integrated environment for operating AI agents. Through the research, KT aims to resolve error

KT joins state project to build AI-driven 'dark factory' solutions

CJ ENM eyes European growth with major brand push in Poland

CJ ENM, the Korean entertainment powerhouse behind hits like "Parasite" and Studio Dragon dramas, is widening its reach into Central and Eastern Europe. Following its participation in the 2026 Korea-Poland Brand Week in Warsaw on Tuesday and Wednesday, the media company announced plans Thursday to accelerate content distribution and forge local production alliances across the region. The event was hosted by the Ministry of Culture, Sports and Tourism and organized by the Korea Creative Content Agency (KOCCA). During the two-day event, CJ ENM signed a memorandum of understanding with the Korean Cultural Center in Poland and KOCCA to expand the reach of Korean content in the country. Under the agreement, the company plans to widen exchanges with European institutions and broaden the footprint of Korean content through screenings, promotional events and other programs. CJ ENM ran experience booths tied to its dramas "Lovely Runner" and "The Legend of Kitchen Soldier," letting visitors engage directly with the shows. It also held a special screening of "The Legend of Kitchen Soldier," alongsi

CJ ENM eyes European growth with major brand push in Poland

Hansae Mobility increases commitment in Uzbekistan

Senior executives from Hansae Yes24 Group attended a Korea-Uzbekistan business forum in Seoul as the conglomerate moves to expand investment and localize operations in Uzbekistan, the group said Thursday. Hansae Yes24 Holdings Vice Chairman Kim Suk-hwan, Hansae Vice Chairman Kim Ik-whan and Hansae Mobility CEO Sung Nag-gon joined the forum at the Shilla Seoul hotel on Tuesday. The event, jointly hosted by Uzbekistan President Shavkat Mirziyoyev and Korean Prime Minister Han Seong-sook, brought together government officials and business leaders from the two countries to discuss Uzbekistan’s investment environment and ways to broaden strategic economic cooperation. Hansae Mobility, one of the group’s future growth engines, has worked with Uzbekistan automaker UzAuto Motors since its early stages. The Korean company began localizing production of key automotive components late last year and started full-scale mass production this month. Hansae Mobility plans to invest a total of $25 million in Fergana Province. It has invested $13 million in the first phase this year and plans to add $1

Hansae Mobility increases commitment in Uzbekistan

Hanwha, EDGE to build UAE's integrated air defense network

Hanwha Systems will team up with the United Arab Emirates’ state-run defense conglomerate EDGE to establish an integrated air defense network, covering long- and medium-range capabilities as well as counter-drone defenses. According to Hanwha Systems, Thursday, the CEOs of the two companies signed a term sheet for the air defense network project during a ceremony in Abu Dhabi on Tuesday (local time). The term sheet outlines the direction of the planned introduction of weapons systems for the integrated air defense network and review agendas at each stage of the project. The two sides plan to determine details of the project in line with the direction of defense cooperation between the two countries. Through government approvals and consultations, the two companies will pursue establishing a local joint venture and discuss its operation and local production. Through the partnership, Hanwha Systems plans to expand its role from supplying individual weapons systems to participating in the integrated air defense network, by linking ground weapons systems, including the Chunmoo multiple roc

Hanwha, EDGE to build UAE's integrated air defense network

Korean Air finalizes $44.8 bil. purchase plan announced last year

Korean Air has finalized contracts to purchase 103 next-generation Boeing aircraft and aircraft engines and maintenance services from U.S. companies in deals worth a combined $44.8 billion, completing a major U.S. procurement plan announced last year. The airline said Wednesday that it signed final agreements covering $36.2 billion worth of Boeing aircraft and $8.6 billion in spare engines and engine maintenance services from GE Aerospace and CFM International. The deals finalize the $44.8 billion U.S. purchase plan announced by Hanjin Group Chairman Cho Won-tae in Washington in August 2025, during President Lee Jae Myung's visit to the United States. Korean Air said the signing ceremony was held Tuesday at the Conrad Seoul hotel in Yeouido and jointly hosted with Boeing. Senior executives attending the event included Cho, Boeing Commercial Airplanes President and CEO Stephanie Pope and CFM International President and CEO Gaël Méheust. Government and financial officials from Korea and the United States also attended, including Korean Minister of Trade, Industry and Resources Kim Jung-k

Korean Air finalizes $44.8 bil. purchase plan announced last year

Seoul's streetwear titan Musinsa expands physical footprint to Shenzhen

Musinsa, the Korean e-commerce titan that built an empire out of Seoul’s trendsetting streetwear scene, is doubling down on physical retail in China. The company will open locations on Oct. 31 for both its flagship multibrand boutique and its private-label basic line, Musinsa Standard, side by side in Shenzhen — marking its expansion beyond eastern China into the country's southern fashion hub. The Korean fashion platform said Thursday that both stores will open at ONE AVENUE, a major mixed-use shopping complex in Shenzhen’s Futian central business district. The move marks Musinsa’s first offline expansion into southern China after establishing retail operations centered on Shanghai and Hangzhou. The company said Shenzhen, a major economic and industrial center in southern China, has a large population of young consumers with strong purchasing power. Musinsa Store will initially carry about 30 Korean fashion brands, with plans to add more based on customer response and demand. The store is intended to serve as an offline base for introducing Korean fashion labels to Chinese consume

Seoul's streetwear titan Musinsa expands physical footprint to Shenzhen

Noul brings AI cervical cancer screening technology to Indonesia

Noul, a Korean medtech firm specializing in artificial intelligence (AI)-driven diagnostic tools, has entered the Indonesian market through its first supply agreement for an automated cervical cancer screening system as the Southeast Asian nation works to scale up preventive care. The company said Thursday it signed the agreement with an Indonesian medical device distributor and plans to supply at least 50 miLab CER units to local medical institutions and laboratory networks over three years. Noul said it will initially work with hospitals, screening centers and laboratory networks before seeking opportunities in Indonesia’s public procurement market. The company said it has secured regulatory approvals for miLab CER in several Southeast Asian markets, including Vietnam and the Philippines, providing a foundation for further expansion across the region. Indonesia, with about 280 million people, is Southeast Asia’s largest health care market, according to Noul, which said cervical cancer places a significant burden on women in the country. Noul said Indonesia plans to include cervical

Noul brings AI cervical cancer screening technology to Indonesia

Sales of Galaxy Z Fold 8 increase following unveiling of Apple's 1st foldable smartphone

Domestic sales of Samsung Electronics' new Galaxy Z foldable smartphone have increased following the unveiling of Apple's first foldable smartphone, the iPhone Duo, industry sources said Thursday. Sales of the Galaxy Z Fold 8 in Korea rose about 10 percent in the week following the unveiling of the iPhone Duo from the previous week, according to the telecommunications industry. The increase is believed to have been driven in part by consumers who had delayed their purchases while waiting for Apple's new product and subsequently opted for the Galaxy Z Fold 8 instead. The iPhone Duo's price and hardware specifications are also considered factors in Korean consumers' purchasing decisions, they said. The iPhone Duo is priced at 3.29 million won ($2,380) for the 256-gigabyte model in Korea, more than 1 million won above the 2.28 million won price of the 256GB Galaxy Z Fold 8. The 2-terabyte iPhone Duo model is priced at 5.09 million won. The price gap in Korea is relatively wide compared with the United States, where the 256GB models of the two smartphones differ by about $100 in price.

Sales of Galaxy Z Fold 8 increase following unveiling of Apple's 1st foldable smartphone

Condoleezza Rice, Lee Kyung-chul receive inaugural Lee Hong-koo Diplomacy Award

Former U.S. Secretary of State Condoleezza Rice and Lee Kyung-chul, special representative for Middle East peace at the Ministry of Foreign Affairs, have been named the inaugural recipients of the Lee Hong-koo Diplomacy Award. The Seoul Forum for International Affairs (SFIA), a private diplomatic think tank, announced it has rebranded its Youngsan Diplomat Award, which recognizes individuals who have made outstanding contributions to Korean diplomacy, in honor of former Prime Minister Lee Hong-koo. Lee Hong-koo, who died in May at the age of 91, served as the founding chairman of SFIA. The awards were presented Wednesday at FKI Tower in Seoul’s Yeongdeungpo District during an event marking SFIA’s 40th anniversary. About 100 guests from Korea and abroad attended, including former U.N. Secretary-General Ban Ki-moon. Rice served as national security advisor under former U.S. President George W. Bush before becoming U.S. secretary of state from 2005 to 2009. She is now director of the Hoover Institution at Stanford University. Lee was appointed Korea's special representative for Middle Ea

Condoleezza Rice, Lee Kyung-chul receive inaugural Lee Hong-koo Diplomacy Award

Korean, US troops conduct annual explosive ordnance disposal drills

Korean and U.S. troops have conducted joint explosive ordnance disposal (EOD) drills designed to improve interoperability and strengthen cooperation among relevant agencies, the Joint Chiefs of Staff (JCS) said Thursday. The EOD drills took place at the Army's I Corps and 9th Infantry Division in Goyang, just north of Seoul, from Wednesday to Thursday, according to the JCS. Some 200 personnel, including officials from each branch of the military, the U.S. 2nd Infantry Division and the Korea Airports Corp., participated in the drills. During the drills, EOD teams trained under simulated scenarios involving explosives planted in an urban area, with Korean and U.S. troops conducting joint operations to achieve a shared objective. The troops also took part in a seminar to share information on explosives and discuss ways to improve the EOD teams' operational capabilities in peacetime and wartime. Officials said the drills were not related to recent security developments, including the reportedly ongoing review on the possible deployment of Korean troops to the Strait of Hormuz, noting they hav

Korean, US troops conduct annual explosive ordnance disposal drills

Lee faces no-win dilemma as justice minister nominee row threatens prosecution reform

President Lee Jae Myung is facing a high-stakes dilemma over his justice minister nominee: push forward with Kim Seung-won's appointment at the cost of further eroding his approval ratings or withdraw the nomination and lose momentum on his flagship prosecution reform agenda. Political insiders suggest Lee will press ahead regardless. Analysts say he is likely to frame the standoff as a defining battle for prosecutorial reform — a direct confrontation with what his camp describes as political prosecutors resistant to change. “The (ruling) Democratic Party of Korea (DPK) appears poised to push forward with the appointment, while opposition parties are expected to gauge public sentiment following President Lee’s press conference scheduled on Friday before deciding whether to launch full-fledged street protests,” Seo Yang-ho, a political commentator and former mayor of Seoul’s Jung District, was quoted saying on a TV news program. “At its core, Kim Seung-won's nomination is not simply a Cabinet appointment; it represents a fundamental clash between forces driving President Lee

Lee faces no-win dilemma as justice minister nominee row threatens prosecution reform

Assembly passes confirmation motion for Supreme Court justice nominee

The National Assembly on Thursday passed the confirmation motion for Supreme Court Justice nominee Kim Sung-soo. During a plenary session, the Assembly endorsed the confirmation motion for Kim in a 227-28 vote, with 13 abstentions. Supreme Court Chief Justice Cho Hee-dae last month recommended Kim to President Lee Jae Myung for appointment as the successor to former Supreme Court Justice Lee Heung-ku. Kim's parliamentary confirmation hearing took place Monday and rival parties adopted his confirmation hearing report Wednesday. Kim will become the first Supreme Court justice to take office since the launch of the Lee administration if the president approves his appointment.

Assembly passes confirmation motion for Supreme Court justice nominee