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Power demand hits all-time high amid scorching heat

South Korea’s electricity demand hit an all-time high Monday as the country was struck by scorching summer heat, data showed Tuesday.

The country’s maximum power demand reached 102.327 gigawatts between 2-3 p.m. Monday, surpassing the previous recor…

Yoon again vetoes contentious broadcasting bills

President Yoon Suk Yeol on Monday approved a Cabinet motion demanding parliamentary reconsideration of four broadcasting bills, exercising veto power again against the legislation that the government says infringes upon the president’s rights to appo…

OpenAI executive expects humans to control AI

OpenAI chief strategy officer Jason Kwon said Monday he expected humans to keep control over artificial intelligence, playing down concerns over the unchecked development of the fast-growing technology.

Kwon told an AI forum in Seoul that finding wa…

(EDITORIAL from Korea Herald on Aug. 12)

South Korea’s cybersecurity and intelligence assets have recently suffered setbacks, raising questions about the country’s security preparedness against North Korea’s intensifying cyberattacks and intelligence operations.

The worrisome problem is th…

Arms agency test-deploys multi-legged counter-terrorism robot

The state arms procurement agency said Monday it has test-deployed a multi-legged robot designed for counter-terrorism operations as part of a push to introduce advanced technologies to the military.

The Defense Acquisition Program Administration (D…

Cosmax Q2 net profit up 28.9 pct to 35.3 bln won

Cosmax Inc. on Monday reported its second-quarter net profit of 35.3 billion won (US$25.8 million), up 28.9 percent from a year earlier.

The company said in a regulatory filing that operating income for the April-June period rose 1.4 percent on-year…

Yoon again vetoes contentious broadcasting bills

President Yoon Suk Yeol on Monday approved a Cabinet motion demanding parliamentary reconsideration of four broadcasting bills, exercising veto power again against the legislation that the government says infringes upon the president’s rights to appo…

Exports rise 16.7 pct during first 10 days of August

South Korea’s exports rose 16.7 percent on-year in the first 10 days of August, data showed Monday, on the back of the strong performance of semiconductors.

Outbound shipments reached US$15.5 billion in the August 1-10 period, compared with $13.2 bi…