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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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Tech & Science

SK hynix begins mass production of 1c SOCAMM2 AI server chips

SK hynix said Monday it has begun mass production of its 192GB small outline compression attached memory module 2 (SOCAMM2), a next‑generation chip for artificial intelligence (AI) servers produced with its sixth-generation 10‑nanometer‑class (1c) process. SOCAMM2 is a server memory module that leverages low-power double data rate (LPDDR) memory chips commonly used for smartphones, aimed at cutting power consumption to roughly one-third of conventional server modules. Designed specifically for AI servers, it uses a thin, high-density form factor, improving signal integrity and making it easier to swap or upgrade. SOCAMM2 is gaining attention among AI data center operators as power efficiency becomes increasingly important for managing total cost of ownership. While commonly used AI memory such as high-bandwidth memory (HBM) is mounted within the package of logic chips such as graphics processing units (GPUs) or central processing units (CPUs), SOCAMM2 is typically placed next to the logic chips on the system board. In this setup, HBM supports computing acceleration, while SOCAMM2 i

Apr 20, 2026By Lee Gyu-lee
SK hynix begins mass production of 1c SOCAMM2 AI server chips
Companies

2026 LG Awards spotlight customer-centric innovation in AI, bio

LG Group said Sunday it held its annual LG Awards on Thursday, awarding top prizes to four projects credited with driving major contract wins, revenue gains and manufacturing efficiencies across artificial intelligence (AI), bio and clean tech. Marking its eighth year, the group‑wide award recognizes projects that turn customer‑centric innovation into measurable business results, honoring 4,700 awardees and 583 best‑practice cases since 2019. This year’s award ceremony, held at LG Inhwawon in Icheon, Gyeonggi Province, recognized 730 employees, with a focus on initiatives that enhanced the overall customer experience through differentiated value and market‑beating innovation. “The remark from the awards’ customer juror that ‘LG is life itself’ captures the very reason for LG’s existence,” Koo Kwang-mo, chairman of the group, said in a speech. “The value we should create is not technology, products or services themselves, but a better life for our customers. If we stay focused on that single goal, we can offer customers a better tomorrow than today.” Among 217 sub

Apr 19, 2026By Lee Gyu-lee
2026 LG Awards spotlight customer-centric innovation in AI, bio
Companies

Hyundai Elevator commercializes world's 1st modular elevator for high-rise building

Hyundai Elevator has become the world’s first company to commercialize a modular elevator method, installing elevators in a high-rise residential building and launching its proprietary brand, ENOBLOC. The company said Sunday it successfully completed on-site verification and quality control testing for ENOBLOC at an apartment complex in Songdo, Incheon. The installation covers a 27-story residential building, making it the first commercial use of a modular elevator system for high-rise apartments above 20 floors. ENOBLOC is a new approach that preassembles elevator components in modular units off site and installs them on site, delivering safety, efficiency, quality and environmental performance at the same time. “ENOBLOC is a breakthrough solution that reduces risk, inefficiency and environmental impact, fundamentally reshaping how construction and development projects are carried out,” Hyundai Elevator CEO Cho Jae-cheon said. “We aim to go beyond being the world’s first and establish K-elevators as a global standard.” Elevator installations for high-rise construction requir

Apr 19, 2026By Lee Gyu-lee
Hyundai Elevator commercializes world's 1st modular elevator for high-rise building
Companies

KHNP chief visits Czech Republic to advance Dukovany nuclear project

Kim Hoe-chun, president of Korea Hydro & Nuclear Power (KHNP), made his first overseas trip since taking office in March, visiting the Czech Republic to inspect progress on the Dukovany nuclear power project and reinforce cooperation with local stakeholders, the company said Wednesday. KHNP said Kim met Czech government officials, project partners and nuclear regulators in a series of discussions aimed at reaffirming the company’s commitment to successful project execution and reviewing cooperation on key issues, including licensing and infrastructure development. The Dukovany project involves the construction of two 1,000-megawatt APR1000 nuclear reactors in the Dukovany region. Following a contract signing in June 2025, the project has entered its early implementation phase. On Monday (local time), Kim met executives of CEZ and EDU II, the project’s client entity, where he emphasized KHNP’s determination to ensure the project’s successful completion. He also held talks with Czech Transport Minister Ivan Bednarik, calling for continued government support in developing timely tra

Apr 15, 2026By Lee Gyu-lee
KHNP chief visits Czech Republic to advance Dukovany nuclear project
Companies

T’way Air turns to unpaid leave as fuel costs spike from Middle East crisis

Low-cost carrier T’way Air is offering voluntary unpaid leave for its cabin crew as financial pressures mount amid a surge in the won-dollar exchange rate and soaring fuel prices triggered by the U.S.-Iran conflict. The carrier recently notified its cabin crew that it would accept applications for unpaid leave, marking its first such move since August 2024. It said the measure aims to ease fatigue among the crew and balance workloads following recent adjustments in flight schedules. The carrier, hit by the fallout from the Middle East crisis, became the first Korean airline to enter emergency management mode on March 16, signaling that it will implement additional measures in stages if necessary. The carrier is facing mounting liquidity pressure from rising costs and weakening passenger demand, after posting operating losses of 12.3 billion won ($9.5 million) in 2024 and 265.5 billion won in 2025. “The temporary leave is designed to offer greater flexibility in working conditions for cabin crew, and will be available for a limited period only to those who choose to participate,” th

Apr 13, 2026By Lee Gyu-lee
T’way Air turns to unpaid leave as fuel costs spike from Middle East crisis
Tech & Science

LG Energy Solution raises stakes on AI push, targets 50% productivity gain by 2028

LG Energy Solution is betting on artificial intelligence (AI) transformation (AX) to claw back ground in an increasingly lopsided global battery market, with its CEO vowing to lift companywide productivity by 50 percent by 2028. LG Energy Solution CEO Kim Dong-myung shared an ambitious vision for the company’s AX push in a message to all employees on Monday, emphasizing that it is “a mission-critical imperative for our survival” and outlining an aggressive strategy to secure competitive advantage in the market. Kim described the global market as a “tilted playing field,” where rivals are backed by massive government subsidies and overwhelming workforce scale. “Responding with a simple numbers game offers little prospect of a meaningful win,” he said. “We should rewrite the rules of the game by pivoting to a model centered on core assets and talent, powered by AX.” He identified the company’s key strengths as its extensive patent portfolio and intellectual property, nearly 30 years of accumulated industry expertise and a deep pool of skilled talent. “If these assets c

Apr 13, 2026By Lee Gyu-lee
LG Energy Solution raises stakes on AI push, targets 50% productivity gain by 2028
Tech & Science

Gov't seeks to introduce AI agent for administrative workflow

The government is ramping up efforts to deploy agentic artificial intelligence (AI) across operations, as it accelerates its push towards AI-driven administration. The Ministry of Science and ICT recently launched a new project, AI-NEXT, to implement agentic AI across its entire administrative workflow. Earlier this month, it launched a bid process for strategy planning to establish the project's detailed framework, with the goal of introducing specialized AI agents across five administrative work areas by the end of this year. The five areas include support for radio frequency licensing reviews, electromagnetic certification assessments, budget analysis, classification and response to National Assembly requests, and news summarization and analysis. Building on these initial deployments, the ministry aims to upgrade its document management infrastructure into an AI-driven system by 2028. The ministry said it has secured an initial budget of 3.17 billion won ($2.14 million) for this year and plans to refine funding for expanded phases following the pilot project. Along with AI-NEXT, the ICT

Apr 10, 2026By Lee Gyu-lee
Gov't seeks to introduce AI agent for administrative workflow
Tech & Science

SKT partners with Arm, Rebellions on hybrid CPU-NPU servers

SK Telecom has teamed up with semiconductor design giant Arm and artificial intelligence (AI) accelerator startup Rebellions to develop a hybrid central processing unit (CPU)-neural processing unit (NPU) solution to empower next-generation AI infrastructure. SK Telecom said Friday it signed a strategic memorandum of understanding with the two companies. Under the agreement, the three parties will jointly develop an AI inference server solution that integrates Arm’s new Arm AGI CPU with Rebellions’ AI accelerator chip RebelCard, which is slated for release in the third quarter. The solution will be tested and verified in SK Telecom’s AI data centers. Arm AGI CPU, which marks Arm’s first architecture for data center processors, is optimized for high-density AI inference workloads and large-scale AI deployment. Rebellions’ RebelCard is specialized for large-scale AI inference. The partnership comes as the AI industry undergoes a paradigm shift from training AI models to powering real-world services, driving demand for data center architectures that balance performance and power ef

Apr 10, 2026By Lee Gyu-lee
SKT partners with Arm, Rebellions on hybrid CPU-NPU servers
Politics

Lee calls for overhaul of Korea's economic model amid Middle East crisis

President Lee Jae Myung said Korea has reached a turning point that demands a fundamental overhaul of its economic model in response to the impacts of the Middle East conflict on the nation's economy. He called for an all-out push to diversify energy sources and accelerate industrial transformation. In a meeting of the National Economic Advisory Council at Cheong Wa Dae in Seoul, Thursday, the president repeatedly said Korea faces a major crisis. “Even though a ceasefire was announced, attacks continue. It’s hard to predict when the situation will be over,” he said. “In the short term, the war in the Middle East is posing a considerable threat to our economy, and in the longer term, it seems now is the time for Korea’s economic system to change fundamentally.” His remarks come amid growing calls for Korea to diversify its energy supply to reduce its reliance on the Middle East, as the war and the closure of the Strait of Hormuz seriously disrupted imports of oil and other petrochemicals. Speaking to senior aides later in the day, Lee reiterated that the U.S.-Israel war on Iran

Apr 9, 2026By Lee Gyu-lee
Lee calls for overhaul of Korea's economic model amid Middle East crisis
Companies

LG CNS unveils next-gen AI ERP strategy with SAP

LG CNS said Thursday it is accelerating artificial intelligence (AI) transformation (AX) by integrating artificial intelligence into enterprise resource planning (ERP) systems in partnership with SAP. The company said it co-hosted the Business AI for ERP Summit in Seoul on Wednesday, where it unveiled a next-generation ERP transformation strategy based on SAP Business AI. About 200 participants from manufacturing, logistics, retail and telecommunications industries attended the event. SAP Business AI embeds AI into ERP systems that manage finance, procurement, production and supply chains, enabling automation of repetitive tasks and supporting data-driven decision-making. The technology allows AI to handle routine operations previously performed by employees and rapidly provide insights for management decisions. LG CNS said it is strengthening its technological capabilities through collaboration with SAP to gain an early foothold in the AI-based ERP market. Since last year, the company has trained specialists in cooperation with SAP’s Asia-Pacific unit and earlier this year launched a

Apr 9, 2026By Lee Gyu-lee
LG CNS unveils next-gen AI ERP strategy with SAP
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