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Lee Gyu-lee

Korea Times Business Reporter

Lee Gyu-lee is a business writer at The Korea Times, focusing primarily on IT & telecommunications, the Ministry of Trade, Industry and Energy and KOTRA. Prior to this, she has covered a wide range of cultural news, from film, television and K-pop to lifestyle and fashion.

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Companies

LG Uplus acquires cybersecurity firm to bolster AI-era security capabilities

LG Uplus has acquired Pago Networks, a Korean cybersecurity firm specializing in managed detection and response (MDR) services, as the telecom operator moves to strengthen its defenses in the artificial intelligence (AI) era. The acquisition is part of LG Uplus’ efforts to bolster its cybersecurity capabilities and develop its business-to-business (B2B) security business as a future growth engine. The deal marks LG Uplus’ second corporate acquisition since it bought LG HelloVision in 2019. Pago Networks provides MDR services, with security professionals monitoring, analyzing and responding to security events around the clock. Powered by its proprietary DeepACT platform, the company serves clients across industries including finance, manufacturing and information technology, and has expanded its operations into seven Southeast Asian countries. LG Uplus plans to leverage Pago Networks’ MDR expertise to build an integrated security system covering authentication, networks, security monitoring and threat response. It also plans to expand its B2B security business by leveraging its enha

9h agoBy Lee Gyu-lee
LG Uplus acquires cybersecurity firm to bolster AI-era security capabilities
Companies

HD Hyundai Electric hits 1,000-transformer milestone at US plant

HD Hyundai Electric has become the first Korean power equipment maker to cumulatively produce 1,000 transformers at its U.S. production facility, the company said Sunday. The company held a ceremony Friday (local time) at its North American production subsidiary in Alabama to mark the production of its 1,000th transformer. The milestone came 15 years after HD Hyundai Electric established the facility in 2011, making it the first Korean power equipment maker to establish a production base in North America. The 1,000 transformers have a combined capacity of about 200 gigavolt-amperes (GVA), enough to meet the electricity demand of approximately 130 million U.S. households. The 1,000th unit is a 500-kilovolt, 675-megavolt-ampere (MVA) ultrahigh-voltage transformer. It will be delivered to Georgia Transmission Corp., a power transmission company, for use in supplying electricity to Walton County, Florida. HD Hyundai Electric said its localized production capabilities have strengthened its competitiveness in the U.S. power equipment market. Through continued investment and capacity expansion, t

2d agoBy Lee Gyu-lee
HD Hyundai Electric hits 1,000-transformer milestone at US plant
Companies

McDonald's Korea halts Chungju corn burger sales over stone complaints

McDonald's Korea has suspended sales of its limited edition Chungju Corn Cheese Croquette Burger after receiving multiple customer complaints that small stones were found in the product, cutting short a promotional campaign that had become one of its fastest-selling seasonal menu items. The company halted sales of the latest menu item in its Taste of Korea campaign on Thursday, nearly two weeks before its scheduled end on Aug. 12. "There were complaints that customers bit into stones, and this is an issue related to safety," a McDonald's Korea official said. "So, considering customer safety, McDonald's took the preemptive measure of ending sales early." The burger, launched on July 9 under the fast food company’s Taste of Korea campaign, surpassed 1 million units in sales within two weeks of its release. Launched to mark the fifth anniversary of the campaign, the burger featured a mozzarella cheese croquette made with waxy corn from Chungju, North Chungcheong Province. McDonald's Korea said the menu used about 25 metric tons of locally produced corn to support regional farmers. The campa

2d agoBy Lee Gyu-lee
McDonald's Korea halts Chungju corn burger sales over stone complaints
Tech & Science

Telecom bets on AI-RAN to win global 6G standards race

Telecom operators are racing to develop artificial intelligence-powered radio access networks (AI-RAN), betting the technology will emerge as the defining infrastructure layer of the 6G era as AI data centers, industrial robots and autonomous systems drive unprecedented demand for computing at the network edge. Unlike conventional radio access networks, AI-RAN allows base stations to process AI workloads alongside wireless traffic at the network edge, reducing latency and improving network efficiency. The technology is widely viewed as a critical building block for 6G, supporting applications ranging from smart factories and autonomous vehicles to humanoid robots. The push comes as the government seeks to position Korea as an early leader in the next generation of wireless technology. Deputy Prime Minister and Minister of Science and ICT Bae Kyung-hoon shared that the ministry is working with telecom operators on a framework for 6G, saying Korea has an opportunity to take the lead in the next generation of wireless technology. "In a sense, Korea has room to take the lead in 6G. There are

Jul 31, 2026By Lee Gyu-lee
Telecom bets on AI-RAN to win global 6G standards race
Companies

GSK Korea highlights preventive health care as key to tackling ageing challenge

GSK Korea is calling for a shift toward preventive health care as the country's rapidly ageing population puts growing pressure on its health care system, emphasizing that prevention should play a larger role in promoting healthier lives and ensuring its long-term sustainability. The company recently received the Campaign of the Year Award at the British Chamber of Commerce in Korea Business Awards for its Healthy Ageing Korea campaign, an initiative that combines policy engagement, public awareness activities and community programs. "This recognition is particularly meaningful because it acknowledges not only a successful campaign, but also a collective effort to address one of Korea's most pressing societal challenges: the transition to a super-aged society," GSK Vice President and General Manager Korea Gunnar Riediger told The Korea Times in a written interview. He noted that Korea officially became a super-aged society in 2025, with people aged 65 and older accounting for 20.3 percent of the population. The company launched the campaign in response to the growing need to move beyond

Jul 31, 2026By Lee Gyu-lee
GSK Korea highlights preventive health care as key to tackling ageing challenge
Companies

Samsung SDI posts earnings surprise, returns to profit after 7 quarters

Samsung SDI delivered a major earnings surprise in the second quarter, returning to operating profit for the first time in seven quarters as surging demand for artificial intelligence (AI) data center batteries drove a faster-than-expected turnaround. LG Energy Solution also swung to an operating profit in the second quarter, underscoring the growing importance of energy storage systems (ESS) as rising power demand and massive investment in AI infrastructure offset sluggish demand for electric vehicles (EVs). Samsung SDI said Thursday that it posted an operating profit of 203.8 billion won ($140 million) in the April-June period, reversing an operating loss of 290.2 billion won a year earlier. The result significantly exceeded market expectations, with analysts predicting the company would remain in the red until the second half of the year. Revenue rose 18.5 percent year-on-year to 3.77 trillion won, while net profit reached 471.6 billion won, up 740.5 percent from the previous quarter. Its cumulative operating profit reached 48.2 billion won in the first half, putting the company ahea

Jul 30, 2026By Lee Gyu-lee
Samsung SDI posts earnings surprise, returns to profit after 7 quarters
Companies

POSCO Future M launches companywide AI overhaul

POSCO Future M is rolling out a companywide artificial intelligence (AI) transformation to boost manufacturing productivity, accelerate product development and strengthen its competitiveness in the global battery materials market. The battery materials maker said it has adopted the digital innovation vision of "Battery of Things (BoT) Ecosystem Game Changer" and established an AI transformation road map built around standardized processes and data-driven operations, with the initiative set to be completed in the first half of 2028. Under the plan, the company will embed AI across its entire value chain, from raw material sourcing and manufacturing to research and development and customer collaboration, laying the groundwork to become a leading global advanced materials company. The road map has five priorities: optimizing business processes and systems with AI Agents, expanding intelligence through an integrated data hub and building AI-powered intelligent factories. Its key initiatives include optimizing business processes and systems with AI agents, expanding intelligence through an in

Jul 28, 2026By Lee Gyu-lee
POSCO Future M launches companywide AI overhaul
Tech & Science

Nvidia invests $1 bil. in Naver for 4.5% stake

Nvidia has agreed to acquire a 4.5 percent stake in Naver through a $1 billion strategic investment, deepening a partnership aimed at building large-scale artificial intelligence (AI) infrastructure and expanding sovereign AI services. Naver announced Monday that it had signed an agreement to issue about 7.24 million new shares to Nvidia through a third-party allotment, marking its first such share sale in 22 years and the first since its 2008 KOSPI listing. The new shares, priced at 204,500 won ($140) each, represent a 4.5 percent stake in Naver. Payment is scheduled for Oct. 30. Naver said it would cancel about 4.9 million treasury shares worth about 1 trillion won on Aug. 3 to offset shareholder dilution from the new share issuance. Following the cancellation, Nvidia is expected to become Naver's third-largest shareholder, behind the National Pension Service and BlackRock. The investment follows an agreement between the two companies in June to jointly develop gigawatt-scale AI factories, expanding their partnership beyond Nvidia's role in supplying graphics processing units (GPUs). Na

Jul 27, 2026By Lee Gyu-lee
Nvidia invests $1 bil. in Naver for 4.5% stake
Companies

POSCO Group maps out resource-led strategy, targets $127.8 bil. sales by 2035

POSCO Group unveiled a long-term strategy to accelerate sustainable growth by expanding beyond steel into critical resources. Speaking at the company's CEO Investor Day event in central Seoul on July 2, Chairman Chang In-hwa outlined a three-pronged strategy centered on steel, strategic resources and energy resources. He said the company aims to position itself as Korea's leading supplier of critical resources. "Now is the time to create new growth opportunities through bold innovation of our business portfolio as supply chain instability and the acceleration of the low-carbon transition intensify external uncertainties," Chang said. "We will expand the scope of our business from steel and materials to resources and lead efforts to strengthen the nation's industrial security and supply chains." He said the group seeks to achieve 187 trillion won ($127.8 billion) in revenue and 13.1 trillion won in operating profit by 2035. The group aims to increase its annual lithium production capacity to 173,000 metric tons by 2033, positioning itself among the world's top five lithium producers, while

Jul 26, 2026By Lee Gyu-lee
POSCO Group maps out resource-led strategy, targets $127.8 bil. sales by 2035
Companies

Samsung, SK, Hyundai expand AI partnerships with Big Tech firms to $950 bil.

Samsung, SK Group, Hyundai Motor Group and other Korean tech conglomerates expanded their artificial intelligence (AI) and semiconductor partnerships with U.S. Big Tech companies to $950 billion during President Lee Jae Myung's visit to San Francisco over the weekend. According to presidential chief of staff for policy Kim Yong-beom, Korean companies and Big Tech firms agreed to pursue a combined $950 billion worth of semiconductor and AI partnerships, on the occasion of the San Francisco AI Summit on Friday (local time). Among them, Samsung Electronics signed a $200 billion memorandum of understanding (MOU) with Broadcom, under which Samsung's memory and foundry businesses will supply AI-specific high-bandwidth memory (HBM) chips and logic semiconductor manufacturing services for Broadcom's AI accelerators through 2030. Broadcom is one of the world's leading fabless companies specializing in application-specific integrated circuit chips, designing custom processors tailored to the needs of individual hyperscalers and cloud service providers. As such customers increasingly seek AI accele

Jul 26, 2026By Nam Hyun-woo and Lee Gyu-lee
Samsung, SK, Hyundai expand AI partnerships with Big Tech firms to $950 bil.
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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.