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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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Health

DGIST team first to uncover CASKIN2 protein's key brain function

Daegu Gyeongbuk Institute of Science and Technology (DGIST) professor Ko Jae-won and his research team have identified, for the first time in the world, the function of CASKIN2. This brain protein plays a key role in precise neuronal signaling and memory formation. The school’s Center for Synapse Diversity and Specificity, led by Ko, announced that it has found that the CASKIN2 protein helps control how neurons send and receive signals at synapses, where one neuron communicates with another cell, usually another neuron. The study marks the first time the precise function of this protein has been uncovered. It is expected to yield crucial insights into the causes of — and potential new treatments for — brain disorders such as Alzheimer’s disease and autism. The human brain contains billions of neurons that exchange information through synapses, where the sending and receiving ends must align with nanometer precision for accurate signaling. Until now, the molecular mechanisms behind this sophisticated alignment have remained unclear. The team discovered that the protein CASKIN2, lo

Nov 17, 2025By Lee Gyu-lee
DGIST team first to uncover CASKIN2 protein's key brain function
Tech & Science

AI startup Hyprnote seeks to redefine enterprise note-taking

While artificial intelligence (AI) tools are quickly reshaping how people take notes and manage information, many organizations still remain hesitant to adopt them because most services require constant online access. This has left hospitals, tech firms and law offices searching for safer alternatives such as on-premise AI. Hyprnote, a Seoul-based startup founded by CEO Cheong Jee-heon and Chief Technology Officer Lee Yu-jong, is seeking to offer an option for such firms through its namesake product Hyprnote. Described as an AI notepad for private meetings, Hyprnote is powered by the company’s offline-capable AI model, HyprLLM. The platform enables enterprises to capture and process workplace data on local devices or within a closed cloud, keeping sensitive information within an on-premise environment. Hyprnote features fully autonomous AI note templates tailored to each work-related meeting, automated analysis and annotation of meeting minutes with referenced sources and customizable AI autonomy levels. It also has advanced support features for scheduling, drafting emails and suggesti

Nov 17, 2025By Lee Gyu-lee
AI startup Hyprnote seeks to redefine enterprise note-taking
Tech & Science

Trade deal with US set to boost Korea's exports

Korea’s exports are expected to see a major boost following the landmark trade deal with the United States, as documents released with the agreement offer a clearer outlook for U.S.-bound shipments in key industries, including automobiles and semiconductors. On Friday, Seoul and Washington released the fact sheet summarizing the results of the Oct. 29 summit between Korean President Lee Jae Myung and U.S. President Donald Trump. The two countries also signed a new memorandum of understanding, sealing the details of their tariff negotiations since July. Under the new agreement, the U.S. has agreed to lower its tariffs on Korean automobiles and automotive parts from 25 percent to 15 percent, applied retroactively from Nov. 1. The new tariff rate effectively puts Korean exporters on an equal footing with their counterparts from Japan and the European Union in one of its key industries. The timing is critical, as the country’s automotive industry has been grappling with months of uncertainty over higher tariff rates. Since the previous 25 percent tariff was imposed in April, Korea’s au

Nov 16, 2025By Lee Gyu-lee
Trade deal with US set to boost Korea's exports
Companies

K-culture takes over NY, NJ: Korea Brand Expo draws massive crowds, biz deals

EAST RUTHERFORD, N.J. — The Korea Brand & Entertainment Expo 2025 New York marked another chapter in the global expansion of Korean culture, products and entertainment, highlighting how the popularity of K-culture is increasingly translating into real economic value. Hosted by the Trade Ministry and state-run Korea Trade-Investment Promotion Agency, the expo, held from Thursday through Saturday (local time) at the American Dream shopping mall in New Jersey, underscored the enduring global popularity of K-culture, also known as "hallyu" or the Korean wave, attracting hundreds of businesses and tens of thousands of visitors to the event. It demonstrated that the Korean wave is no longer just a cultural trend, but a significant driver of business and consumer goods, boosting sales of everything from agricultural and food products to household goods, cosmetics and fashion. The annual expo, now in its 25th year, serves as a platform for Korean entertainment and business to expand exports in overseas markets and to introduce the country’s small and mid-size companies to local businesses a

Nov 12, 2025By Lee Gyu-lee
K-culture takes over NY, NJ: Korea Brand Expo draws massive crowds, biz deals
Tech & Science

Inside watsonx AI Lab: IBM seeks to navigate AI race with watsonx, AI consulting

NEW YORK — IBM is stepping up its efforts in the rapidly evolving artificial intelligence (AI) industry, led by its watsonx platform and enterprise consulting services. IBM’s latest strategy in AI is encapsulated by watsonx, a collection of products for generative AI, from building to deploying and governing AI models, with comprehensive enterprise consulting. “[For companies to adopt AI in business], there must be platforms that allow their developers to build with AI and need to be able to use various models as well … In order for AI adoption to align with these processes, it needs a platform that connects to business workflows; hence, we introduce products like watsonx Orchestrate,” Kim Yeon-joo, IBM vice president of strategy, global offerings and growth, said during a press tour of AI Lab at the company’s office in Manhattan, Friday. “It’s also crucial to strategize how to implement AI, pilot it and transition to full-scale operations. The consulting division works closely with clients on these aspects of AI adoption, providing both cutting-edge AI technology and co

Nov 11, 2025By Lee Gyu-lee
Inside watsonx AI Lab: IBM seeks to navigate AI race with watsonx, AI consulting
Companies

'Korea will lead next wave in consumer goods with K-culture boom,' KOTRA CEO says

NEW JERSEY — Korea Trade-Investment Promotion Agency (KOTRA) CEO Kang Kyung-sung said Korea is entering a new phase of export-led growth, redefining its position in the global market by harnessing rising demand for consumer goods and the influence of K-culture. "Until now, Korea has been a powerhouse in manufacturing — excelling in this field more than any other country," the CEO said during a press conference for the Korea Brand & Entertainment Expo 2025 New York hosted by the state-run agency in New Jersey on Thursday (local time). "But now, I believe Korea has once again seized an opportunity in consumer goods." Kang said the country’s export performance is regaining momentum with growing export diversification and robust demand in consumer goods, raising optimism for a potential record-breaking year-end outlook in the sector. The country's consumer goods exports, which include agri-food products, cosmetics, household goods, fashion and pharmaceuticals, grew 6.6 percent from January to September from a year earlier, the CEO noted, adding that he expects the growth rate of consum

Nov 7, 2025By Lee Gyu-lee
'Korea will lead next wave in consumer goods with K-culture boom,' KOTRA CEO says
Tech & Science

Spotify tops 700 mil. users after price hike, accelerates expansion in Korea

Spotify secured a significant milestone this quarter, reaching a total of 700 million monthly active users (MAUs) even after raising subscription prices in key global markets. The streaming company announced its third-quarter earnings on Tuesday (local time), sharing an 11 percent year-on-year increase in MAUs to 713 million. The service’s premium subscribers grew 12 percent from the previous year to 281 million. The company reported quarterly revenue of 4.27 billion euros ($4.9 billion), a 7 percent rise from the same period last year, with operating profit reaching 582 million euros, reflecting a 43 percent surge. Its net income turned positive from the previous quarter’s loss, hitting 899 million euros. The jump in users was driven both by the subscription fee increase and a successful global marketing push, with signups outpacing the company’s expectations. The increased subscription fees have contributed to boosting its revenue. In August, Spotify raised its monthly premium subscription price from 10.99 euros ($12.63) to 11.99 euros across major markets, including Europe, Asia

Nov 6, 2025By Lee Gyu-lee
Spotify tops 700 mil. users after price hike, accelerates expansion in Korea
Tech & Science

LG Display CEO urges innovation, unity to build lasting competitiveness

LG Display CEO Jeong Cheol-dong expressed confidence that the company could achieve full-year profitability, citing a strong rebound with an operating profit of 431 billion won ($297.7 million) in the third quarter. During CEO On Air, the company’s town hall meeting in Paju, Gyeonggi Province, on Friday, the CEO shared the company’s third-quarter earnings and strategies to strengthen its competitiveness. “It has become highly likely that we will turn a profit for the full year,” Jeong said, adding the result reflects meaningful improvements in quality, safety, cost innovation and customer satisfaction. “These results were achieved thanks to everyone’s hard work.” Emphasizing the importance of securing a competitive edge that is difficult to replicate, he proposed a framework for the company’s unique strengths to serve as the foundation for sustainable growth. He explained that the model represents technology (T), cost (C), quality (Q), delivery (D) and relationship (R) — the key pillars that will define LG Display’s lasting competitiveness. “Q, D and R are the fundam

Nov 5, 2025By Lee Gyu-lee
LG Display CEO urges innovation, unity to build lasting competitiveness
Tech & Science

LG CNS launches cloud ERP project in Indonesia to accelerate global expansion

LG CNS has entered into a strategic agreement with Indonesia’s Korindo Group to migrate the group’s core enterprise resource planning (ERP) from on-premises to cloud, accelerating its global expansion strategy. The new partnership marks its first major project in Southeast Asia since becoming the first Korean company to join SAP’s regional strategic services partner (RSSP) program for the Asia-Pacific region in February. Under the agreement, LG CNS will migrate Korindo’s existing on-premises SAP ERP system to the cloud-based version SAP S/4HANA Cloud. ERP is an integrated system that allows companies to centrally manage all core business operations, including finance, human resources and sales. Korindo Group, headquartered in Jakarta, operates across multiple business sectors, including palm oil, heavy industry, finance, shipping, logistics and renewable energy such as wind power. Through this transition, the group aims to significantly reduce its infrastructure management overhead, such as servers and storage, while adopting globally standardized processes to boost business effi

Nov 3, 2025By Lee Gyu-lee
LG CNS launches cloud ERP project in Indonesia to accelerate global expansion
Tech & Science

Korea’s telecoms face leadership turmoil after hacking fiascos

Korea’s top telecom companies — SK Telecom, KT and LG Uplus — are facing leadership turbulence following a series of massive hacking incidents, prompting management reshuffles and intensified scrutiny over executive accountability. SK Telecom took the first decisive action on Thursday, appointing Chief Governance Officer Jung Jai-hun as the new CEO, replacing Ryu Young-sang, who had served since 2021. The company’s leadership change accompanied the release of its third-quarter earnings, which revealed its first-ever operating loss since quarterly reporting began in 2000. It reported an operating loss of 52.2 billion won ($36.5 million), with revenue sliding 16.8 percent year-on-year to 2.66 trillion won. The company also suspended its third-quarter dividend. The financial setback was primarily due to sizable one-off costs from the massive hacking incident that leaked the information records of nearly 27 million users. The costs included around 500 billion won in customer compensation and contract cancellation fee waivers, and a 134.8 billion won fine from the Personal Informatio

Nov 3, 2025By Lee Gyu-lee
Korea’s telecoms face leadership turmoil after hacking fiascos
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