Korean firms to unveil AI service developed under gov't project: sources

The Korea Times - Oct 1, 2026

Three consortia led by Korean tech companies will unveil their artificial intelligence (AI) services developed under a government-led project within this month to provide all citizens with access to AI, government and industry sources said Thursday. The three teams — led by SK Telecom, KT and Kakao, respectively — are set to launch a closed beta version of their AI services sometime in October, the sources added. The government's "AI for All" project unveiled in July came amid efforts to lower Korea's dependence on foreign AI models and boost the domestic AI sector. Developers are required to use domestic AI models for at least 50 percent of the offered AI services, with government funding and graphic processing unit (GPU) support. Developers have set a monthly active user target of 5 million for their envisioned services, with Kakao vowing to expand the figure to 10 million by 2027 and 30 million by 2030. Korea plans to inject an additional 250 billion won ($184.37 million), starting next year, to further advance the services, which include costs to secure some 2,000 GPUs. According

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LG CNS partners with General Atlantic to invest in enterprise tech firms

Oct 1, 2026

LG CNS partners with General Atlantic to invest in enterprise tech firms

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Finda names fintech veteran Ahn Joong-hyun as its 1st CPO

Oct 1, 2026

Finda names fintech veteran Ahn Joong-hyun as its 1st CPO

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Oct 1, 2026

LG Electronics to invest $110 mil. for chiller facilities in US, Korea

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Oct 1, 2026

Yongin national chip cluster construction begins this month amid compensation, fast-track risks

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Doosan Enerbility-led consortium wins $618 mil. plant deal in Vietnam

Oct 1, 2026

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Renault Korea's sales drop 24.7% in Sept. on weak demand

Oct 1, 2026

Renault Korea's sales drop 24.7% in Sept. on weak demand

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GM Korea's Sept. sales surge 73.3% on strong exports

Oct 1, 2026

GM Korea's Sept. sales surge 73.3% on strong exports

GM Korea, the Korean unit of General Motors, said Thursday its sales surged 73.3 percent in September from a year earlier, driven by strong overseas demand. The company sold 41,101 vehicles last month, up from 23,723 units a year earlier, on robust sales of the Chevrolet Trax Crossover and the Trailblazer sport utility vehicle (SUV), GM Korea said in a press release. Domestic sales fell 40.9 percent to 727 units from 1,231, while exports jumped 79.5 percent to 40,374 from 22,492. From January to September, sales rose 17 percent to 381,785 units from 326,381 in the year-ago period. Domestic sales plunged 36.4 percent to 7,495 from 11,785 during the same period, while exports climbed 19 percent to 374,290 from 314,596. As part of its two-track strategy, GM Korea sells both locally assembled and imported vehicles in Korea, Asia's fourth-largest economy. Its current lineup consists of two locally assembled models — the Trailblazer and Trax Crossover — and one imported model, the GMC Sierra Denali. The Buick Electra E7 plug-in hybrid SUV is expected to be added to the lineup as early as next

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Oct 1, 2026

Korean designer helps build LEGO's first Dragon Ball set

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Oct 1, 2026

Hyundai Motor's Sept. sales drop 16% on fewer working days

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[INTERVIEW] AMCHAM optimistic over Korea's LNG investment in US

Oct 1, 2026

[INTERVIEW] AMCHAM optimistic over Korea's LNG investment in US

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Hayfin Capital Management opens Seoul office after Samsung Life investment

Oct 1, 2026

Hayfin Capital Management opens Seoul office after Samsung Life investment

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