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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

Industry ministry, SNU to codevelop AI models for humanoids, AI factories

The Ministry of Trade, Industry and Resources and Seoul National University (SNU) signed a partnership agreement on Monday for the school to join the ministry’s M.AX Alliance project, cooperating to develop artificial intelligence (AI) models for humanoids, self-driving cars and AI factories. The M.AX Alliance is a collaborative initiative jointly launched by the ministry and the Korea Chamber of Commerce and Industry in September, with more than 1,000 participants, including major companies such as Samsung Electronics, Hyundai Motor Group and Rainbow Robotics. It brings together industry, academia and research institutions to accelerate the development and commercialization of advanced AI technologies across sectors ranging from manufacturing to biology by leveraging joint research and large-scale demonstration projects. Through the alliance, the ministry aims to drive innovation in manufacturing processes and foster emerging sectors, including humanoid robotics, with a goal of generating over 100 trillion won ($67.7 billion) in added value by 2030 and establishing Korea as a global

Nov 24, 2025By Lee Gyu-lee
Industry ministry, SNU to codevelop AI models for humanoids, AI factories
Companies

Nexon gains global spotlight with ARC Raiders’ blockbuster launch

ARC Raiders, an extraction adventure game developed by Nexon unit Embark Studios, is capturing global attention with its early success. After its release on Oct. 30, the title reached a peak of 700,000 concurrent PC and console users. As of Nov. 11, just two weeks after launch, it had sold 4 million copies worldwide, signaling stronger sales momentum ahead. ARC Raiders’ early global success is driven by accessible gameplay and player-friendly design that lowers genre barriers, making it easier for beginners to jump into combat, exploration and extraction. By offering free starting loadouts and adopting an auto looting system, the game lowered entry barriers for new users. Its distinctive postapocalyptic setting and aesthetics drawing on 1970s and 1980s visions of the future also attracted users, with high-resolution graphics powered by Unreal Engine 5 and sophisticated sound providing an immersive experience. The title’s success serves as a promising indicator that Nexon’s long-term global investment and development strategy is paying off. Nexon acquired Swedish developer Embark Stu

Nov 21, 2025By Lee Gyu-lee
Nexon gains global spotlight with ARC Raiders’ blockbuster launch
Tech & Science

Naver expedites AI, digital infrastructure biz in Saudi Arabia

Naver founder and chairman Lee Hae-jin is accelerating the company’s push into Saudi Arabia, signaling a broader expansion beyond its current smart city projects into digital finance infrastructure. His latest visit to the country’s capital of Riyadh marks a key step in Naver’s efforts to establish a stronger presence across the Middle East. According to the local news outlet Saudi Press Agency (SPA), Lee met with the country’s Minister of Municipal and Rural Affairs and Housing, Majed Al-Hogail, in Riyadh on Tuesday (local time) during Cityscape Global 2025, one of the world’s largest construction and real estate trade fairs. The two reportedly discussed cooperation in digital finance, data centers and urban development based on artificial intelligence (AI), deepening ties they initially formed when Al-Hogail visited Naver’s 1784 headquarters in Gyeonggi Province in 2022 to experience the company's digital twins, robots and AI technologies. SPA reported that both sides explored partnerships specifically on stablecoin-based digital currencies and real estate tokenization, as

Nov 21, 2025By Lee Gyu-lee
Naver expedites AI, digital infrastructure biz in Saudi Arabia
Tech & Science

Gov’t to conduct 1st evaluation of national AI foundation model project in January

The Ministry of Science and ICT will carry out the first round of evaluations for the state-led project to develop homegrown artificial intelligence (AI) foundation models in January. The ministry notified the participating consortia on Thursday that performance assessments to eliminate one of the five teams will take place from Jan. 1 to 15. In August, the ministry selected five consortia led by Naver Cloud, Upstage, SK Telecom, NC AI and LG AI Research to locally develop foundation models, investing around 200 billion won ($136 million) to cover costs for high-performance GPUs, datasets and R&D personnel. Every six months, the government will eliminate one of the teams after evaluation, narrowing the field to two finalists by the first half of 2027. The upcoming January assessment will determine the first team to be eliminated. The evaluation was initially slated for December but was pushed back to accommodate delays from issues running graphics processing units (GPUs). Some of the participating companies reportedly faced problems getting the GPUs provided by SK Telecom and Naver Cloud

Nov 21, 2025By Lee Gyu-lee
Gov’t to conduct 1st evaluation of national AI foundation model project in January
Tech & Science

Samsung C-Lab drives startup growth, raising $23.5 mil.

Marking an annual milestone, Samsung Electronics held its 2025 C-Lab Startup Demoday on Thursday, spotlighting startups from this year’s C-Lab Outside venture program, which secured a total of 34.5 billion won ($23.5 million) in investment during the period. The event, held at the company’s R&D Campus in Seoul, introduced the seventh class of the program, comprising 30 startups chosen earlier this year for pioneering innovative technologies in fields ranging from artificial intelligence (AI) and robotics to digital health and eco-friendly solutions. C-Lab began as an in-house venture program in 2012 to encourage creative business ideas from Samsung employees, and expanded in 2018 to include external startups. Since 2023, the program has widened its reach to regions such as Daegu, Gwangju and North Gyeongsang Province to stir up local startup ecosystems and help create quality jobs. “As the era of AI unfolds, the technological paradigm is changing and the global competition for technological leadership is intensifying. It is more important than ever to foster strong startups, which

Nov 20, 2025By Lee Gyu-lee
Samsung C-Lab drives startup growth, raising $23.5 mil.
Tech & Science

LS Cable, LS Eco Energy expand global data center power network supply to tech giants

LS Cable & System and LS Eco Energy are rapidly expanding their footprint in the global data center power infrastructure market with a series of major contract wins with tech giants in the United States and Southeast Asia amid the rise in global investment in power for data center infrastructure. The companies have shown notable performance in sales of bus ducts, which is a key equipment used to supply large-scale power for data centers. LS Cable & System, the leading bus duct supplier in Korea, operates its supply chain with both its domestic factories as well as LS Eco Energy’s plant in Vietnam. In early November, LS Cable & System inked a three-year frame agreement with a leading U.S. tech company, which is expected to be worth over 500 billion won ($341 million). The actual supply volume may grow, considering that the U.S. company continues its global data center expansion. LS Eco Energy is continuing to build its presence in Southeast Asia, recently supplying high-capacity bus ducts to a 50 megawatt hyperscale data center project in Indonesia. This is one of the largest ongoing d

Nov 19, 2025By Lee Gyu-lee
LS Cable, LS Eco Energy expand global data center power network supply to tech giants
Tech & Science

LG, LSEG launch AI-powered equity forecast service

LG and the London Stock Exchange Group (LSEG) have jointly developed an AI-powered equity forecast score service that applies large-scale financial data and advanced machine learning to deliver faster and more accurate market predictions and risk assessments. The new service was created through a collaboration between LG AI Research and LSEG, combining LG’s AI technologies with LSEG’s extensive financial datasets to provide a next-generation tool for equity forecasting. “LSEG is all about raw data, raw infrastructure and cloud-based solutions … and LG AI Research has a large amount of intellectual capital,” Arman Sahovic, LSEG head of front office solutions APAC, said during a seminar to introduce the service at the British Embassy in Seoul, Tuesday. “So this partnership makes sense. It fundamentally combines the underlying data that we have with the modeling, AI techniques and EXAONE large language model that LG AI research brings forward.” The AI-powered equity forecast score delivers investment insight through two essential outputs: a numerical score that predicts the ex

Nov 19, 2025By Lee Gyu-lee
LG, LSEG launch AI-powered equity forecast service
Companies

Will Tving-Disney+ partnership challenge Netflix’s dominance?

The homegrown streaming platform Tving is taking the local streaming service landscape in a bold new direction, partnering with global entertainment giant Disney+ to launch an unprecedented triple-streaming bundle subscription. Tving announced on Tuesday that it will be rolling out a new integrated subscription product, called 3 PACK, which will allow users to access Tving, Disney+ and Wavve with a single membership. This marks Korea’s first tri-platform streaming service bundle, offering both global and local content at up to 37 percent lower than individual subscriptions. Access to all platforms is priced at 21,500 won per month ($14.70) and Tving-Disney+ access at 18,000 won per month. The partnership underscores the local streaming service’s strategy to deliver more value while redefining user experience in a crowded market long dominated by Netflix, further driving user growth from its ongoing merger with Wavve. “We’re thrilled to introduce a reasonably priced service that combines the power of K-content from Tving and Wavve with Disney’s premium lineup,” Tving CEO Choi

Nov 19, 2025By Lee Gyu-lee
Will Tving-Disney+ partnership challenge Netflix’s dominance?
Travel & Food

Korea designates 7 new outstanding Korean restaurants worldwide

The Ministry of Agriculture, Food and Rural Affairs and the Korean Food Promotion Institute announced Monday that they have designated seven new restaurants in Singapore, Los Angeles and Paris as outstanding Korean restaurants. The outstanding Korean restaurant program evaluates overseas establishments based on the overall quality of their Korean cuisine, service standards, hygiene management and the use of Korean ingredients to promote Korean food culture worldwide. These restaurants are selected through a rigorous screening process to boost local consumers’ trust in Korean food and to strengthen the global image of K-food by highlighting the authenticity of Korean culinary techniques and cultural atmosphere. “The outstanding Korean restaurant program is playing a significant role as a global brand representing Korean cuisine,” the ministry said. “We plan to expand the number of designated restaurants overseas to 100 by 2030 to further enhance the global competitiveness of Korean cuisine and support K-food exports.” This year, evaluations were conducted across 27 criteria, resu

Nov 18, 2025By Lee Gyu-lee
Korea designates 7 new outstanding Korean restaurants worldwide
Others

‘Kimchi cabbage’ added to global standard; seaweed on track for global recognition

Korea has successfully added the term "kimchi cabbage" to the global standard for kimchi, marking another milestone for the country’s iconic dish. The Codex Alimentarius Commission (CODEX), an international body under the World Health Organization and the Food and Agriculture Organization, approved the update during its 48th session held in Rome from Nov. 10 to 14. The change adds "kimchi cabbage" to the existing ingredient names — Chinese cabbage and napa cabbage — updating the international standard that Korea first proposed in 2001, when kimchi was officially recognized by CODEX. The Ministry of Food and Drug Safety, the Ministry of Agriculture, Food and Rural Affairs, the Ministry of Oceans and Fisheries and the Korea Food Research Institute shared their achievements at this year’s meeting on Monday, strengthening the international standing of Korea’s traditional agricultural and seafood products. The ministries said this move will help solidify Korea’s reputation as the homeland of kimchi and distinguish authentic Korean kimchi from other similar products for its brandin

Nov 17, 2025By Lee Gyu-lee
‘Kimchi cabbage’ added to global standard; seaweed on track for global recognition
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