Musinsa, Korea’s largest online fashion platform, has launched an online service that lets companies and other organizations design and order custom uniforms in one place, the company said Wednesday. The business-to-business platform, called Musinsa Uniform, went live Tuesday. It is aimed at companies, public institutions and amateur clubs that buy clothing in bulk. Until now, Musinsa handled these orders only through a “bulk purchase inquiry” option on its main online store, Musinsa Store. Customers can choose garments from three brands the company runs: Musinsa Standard, its in-house basics label; Musinsa Standard Sports, its activewear line; and the U.S. sportswear brand Champion, which a Musinsa subsidiary distributes in Korea. The products available include short- and long-sleeve T-shirts, pique polo shirts, hooded zip-up sweatshirts and fleece jackets. Buyers can add an organization’s name or logo by embroidery, screen printing or digital printing. Musinsa said it built the platform so customers no longer have to choose garments, find a separate printing company and compar

GS Group and POSCO will form a strategic partnership in the artificial intelligence (AI) data center market, combining GS Group's expertise in data center construction and operation with POSCO's high-quality steel materials and technological solutions. GS Group said Wednesday that it has signed a memorandum of understanding with POSCO on a strategic partnership in the AI data center business. The signing ceremony was attended by GS Group Vice Chairman Hong Soon-ki, POSCO CEO Lee Hee-geun and other executives from both companies. Through the agreement, the two companies plan to minimize delays in the supply of equipment and materials during the construction of large-scale data centers and optimize material selection and design solutions to shorten construction periods and reduce costs. These efforts are expected to facilitate the early operation of data centers and improve their profitability, GS Group said. The agreement also includes practical cooperation to explore ways to reduce operating costs, improve space utilization and enhance the durability of facilities and equipment to stren

Kumho Petrochemical Group is strengthening safety and environmental management across its affiliates to support sustainable growth, stepping up efforts to identify workplace hazards, prevent accidents and reduce environmental impacts. The group's four petrochemical affiliates — Kumho Petrochemical, Kumho P&B Chemicals, Kumho Mitsui Chemicals and Kumho Polychem — jointly operate a safety, health and environment management system, with each company tailoring its measures to its own operations. Kumho Petrochemical focuses on identifying and addressing potential hazards before they lead to accidents, conducting risk assessments covering potential incidents and near misses during production and work processes. Last year, the company revised its assessment procedures to improve documentation and monitoring. It is also deploying more smart safety technologies at its facilities, including intelligent surveillance systems, smart airbags, safety helmets and virtual reality equipment for safety training. Kumho P&B Chemicals is focusing on hazardous chemical management and emergency response mea

Fresh uncertainties surrounding artificial intelligence (AI) investments following the US midterms could provide a "golden opportunity" for Korea, a high-level science ministry official said Wednesday. Second Vice Science Minister Ryu Je-myung made the remarks at a congratulatory address during an AI conference hosted by the ministry in Seoul as he mentioned growing concerns in the United States that the incoming Democratic Congress could tighten regulations on AI and data centers. "There are observations that market uncertainty could increase amid potential changes in the investment environment for AI and data centers (following the US midterms)," Ryu said at the event. "It (actually) provides a golden opportunity to narrow our gap with leading countries and secure overwhelming national AI competitiveness through aggressive and speedy investments and technological innovation," he added. To that end, the government is considering doubling the amount of funding for the AI sector to around 9.4 trillion won next year, he said. "South Korea is a major research and development powerhouse, whos

Korean game developers have reported mixed third-quarter earnings. NC returned to profitability from a year earlier, while Nexon defied market pessimism with solid revenue from its live service games. Krafton, meanwhile, saw its operating profit decline as revenue from PUBG: Battlegrounds (PUBG) failed to keep pace with rising costs associated with its business diversification efforts. NC announced its third-quarter earnings Wednesday, reporting sales of 686.5 billion won ($514.2 million) and an operating profit of 119.6 billion won. Revenue surged 91 percent year-on-year, while the company swung to an operating profit from a loss of 750 million won in the same period last year. Overseas sales accounted for 54 percent of total revenue, marking the fifth consecutive quarter of growth in their share, as the company continued to expand its global revenue base, particularly in North America and Europe. Notably, revenue from mobile casual games increased from the previous quarter to 171.9 billion won. The segment accounted for 25 percent of total revenue, contributing to the diversification o

LG Innotek said Wednesday it received the highest rating in the 2025 Win-Win Growth Index assessment conducted by the Korea Commission for Corporate Partnership, marking its 10th consecutive year at the top level. The index evaluates companies' efforts to promote mutually beneficial partnerships with suppliers and classifies them into five grades, ranging from outstanding to very inadequate. LG Innotek has maintained the highest possible rating since the 2016 assessment, reflecting its sustained efforts to strengthen partnerships with suppliers. Recognizing that suppliers' competitiveness directly contributes to its own, the company has steadily expanded its support programs to address changing business conditions. Its support programs span financing, production innovation, smart factory development, environmental, social and governance (ESG) management, workforce training, artificial intelligence (AI), industrial safety and technology protection. The company operates a 143 billion won ($107 million) supplier partnership fund, established in 2010 to provide loans at below-market interest

Advanced Micro Devices (AMD) is collaborating with Samsung Electronics on its next-generation embedded processors, industry officials said Wednesday. The US semiconductor company unveiled its sixth-generation AMD EPYC Embedded 9006 on Tuesday (local time), incorporating Samsung's enterprise memory and storage solutions, they said. "As memory and input/output technologies advance, manufacturing test environments must also evolve to meet growing performance and bandwidth requirements," Choi Jang-seok, a senior Samsung Electronics official, said. "We look forward to working with AMD to bring these capabilities to our manufacturing test infrastructure." AMD's new processors deliver up to 1.8 times the throughput of the previous generation. The processors are designed for industrial applications requiring high-performance computing. Through the collaboration, Samsung Electronics aims to secure the computing power, memory bandwidth and high-speed data processing capabilities needed to validate next-generation memory performance.

Korea's fair trade watchdog said Wednesday it has decided to impose 1.62 trillion won ($1.2 billion) in fines on 15 financial companies for colluding in government bond auctions for more than three years. The Fair Trade Commission (FTC) said the firms, all primary dealers comprising 10 brokerage houses and five banks, exchanged information on bidding yields and volumes through phone calls and messaging apps regarding 150 auctions between January 2020 and June 2023. It marked the largest fine ever imposed by the FTC in a single case, surpassing the previous record of 1.03 trillion won levied on Qualcomm for unfair practices in 2016. In 145 of those auctions, the companies went beyond exchanging information to reach agreements on specific bidding yields or volumes, constituting bid rigging, the watchdog said. "Dealers in charge of bidding at the 15 companies exchanged information on bidding volumes or yields on auction days, routinely engaging in collusion, with agreements sometimes reached within seconds," the FTC said. The watchdog noted such collusion constitutes a serious violation as g

Alibaba Group Holding’s planned Hong Kong listing of its semiconductor design arm, T-Head, is poised to reshape China’s artificial intelligence hardware arena while unlocking billions of dollars in trapped valuation for the tech titan, according to analysts. The proposed spin-off serves as a test of whether the sum of Alibaba’s parts is worth significantly more than its current market valuation. Alibaba’s Hong Kong-listed shares slipped about 1 per cent to HK$100.60 on Wednesday, the day...

Alibaba has applied to list chip-design unit T-Head in Hong Kong, as the Chinese tech giant braves a cooling initial public offering (IPO) market to raise funds for artificial intelligence (AI) ambitions. The Hong Kong stock exchange has approved the proposed separation and a confidential listing application was filed in September, Alibaba said in a statement on Tuesday. T-Head, which provides full-stack data centre chips, will remain a unit of the company. Alibaba also owns the South China...