About 10 logistics companies and 23 technology firms is set to gather in Seoul on Friday to explore partnerships in artificial intelligence (AI), robotics and automation, according to the Ministry of Land, Infrastructure and Transport. The event will feature technology presentations, case studies and one-on-one business consultations, connecting logistics companies with technology providers to test new solutions at worksites and explore their commercialization. Discuss

Bank lending remains heavily concentrated in real estate, while funding for corporate investment is losing momentum. According to financial sources on Friday, housing-related loans at five major banks reached 623.03 trillion won (US$466 billion) at the end of October, up 1.9 percent from December last year, while loans to real estate and leasing businesses rose 3.4 percent year-on-year to 223.19 trillion won at the end of June, accounting for about 26 percent of corpor

South Korean automakers are returning to the plug-in hybrid electric vehicle (PHEV) market after nearly a decade, hoping to tap niche demand as sales recover. According to industrial sources on Friday, GM Korea is expected to begin full-scale sales of the Buick Electra E7 as early as this month, while KG Mobility plans to unveil its PHEV-equipped midsize SUV, the SE10, in January next year. Domestic PHEV sales, which peaked at 19,701 units in 2021 before declining f

Shares fell sharply Friday as Seoul weighed the aftereffects of the exit of Nvidia CEO Jensen Huang. Shares of Samsung Electronics plunged 5 percent and SK hynix 8 percent as foreigner sold off a net 300 billion won ($280 million.)