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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

AI, chip partnerships shape APEC 2025 outcomes

At this year’s Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, North Gyeongsang Province, the headlines went beyond familiar stories of trade disputes and diplomatic maneuvering, also highlighting bold new alliances in future technologies such as artificial intelligence (AI) and semiconductors. As leaders from the United States, China and other APEC member economies convened in Korea to address trade and security issues, the APEC CEO Summit — held from Oct. 29 to 31 — brought together more than 1,700 top executives and officials from global companies and major Korean conglomerates, enabling global tech leaders to rally around industry initiatives and partnerships to drive future technological innovation. Discussions for the sessions spanned finance, energy and culture, with a marked emphasis on the transformative potential of AI, semiconductors and cloud-based technologies. These sessions set the stage for landmark partnership announcements at the summit. The most anticipated announcements came from Nvidia CEO Jensen Huang, who unveiled a series of partnership agreeme

Nov 2, 2025By Lee Gyu-lee
AI, chip partnerships shape APEC 2025 outcomes
Tech & Science

Nvidia CEO expresses 'tremendous confidence' in Korea's semiconductor manufacturing field

GYEONGJU, North Gyeongsang Province —Nvidia CEO Jensen Huang has reaffirmed his faith in Korea’s technological landscape, announcing a series of collaborations with the country’s leading companies – Samsung, SK Group, Hyundai Motor Group and Naver – and its government, including the supply of a total of 260,000 Nvidia Blackwell graphics processing units (GPUs) to Korea. “I have tremendous confidence in Korea’s semiconductor manufacturing and design capabilities,” the CEO said during a media event following his speech for the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, Friday. “We are very happy to partner with Korean companies on high-bandwidth memory (HBM)3e and HBM4. I am 100 percent confident that Samsung and SK hynix will be long-term partners of ours to create HBM4, HBM5 and HBM97 … As you know, Korea is world-class in memory technology; the world's best country at making memory technology of every kind.” The company has unveiled major plans to supply 50,000 Nvidia Blackwell graphics processing units (GPUs) to Samsung Electronics, SK and H

Oct 31, 2025By Lee Gyu-lee
Nvidia CEO expresses 'tremendous confidence' in Korea's semiconductor manufacturing field
Tech & Science

Nvidia to supply 260,000 chips to Korea for AI factories with Samsung, SK, Hyundai

GYEONGJU, North Gyeongsang Province — Nvidia has unveiled a landmark collaboration with Korea’s leading conglomerates — Samsung, SK Group and Hyundai Motor Group — to build artificial intelligence (AI) factories. The company announced it will supply a total of 260,000 Nvidia Blackwell graphics processing units (GPUs) across these three companies as well as Naver and the Korean government. President Lee Jae Myung said the large-scale partnerships mean Nvidia has started investing in Korea’s AI industry. “AI is also a new industry in itself because it needs manufacturing, factories, deep technical expertise, innovative and visionary entrepreneurs, as well as industrial factory capability. These are the perfect ingredients and capabilities for Korea to fly,” Nvidia CEO Jensen Huang said during a meeting with the president and heads of Samsung, SK, Hyundai and Naver on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, North Gyeongsang Province, Friday. “Korea has deep technical capabilities, visionary entrepreneurs and, of course, no country i

Oct 31, 2025By Lee Gyu-lee
Nvidia to supply 260,000 chips to Korea for AI factories with Samsung, SK, Hyundai
Tech & Science

Google urges bold, responsible and cooperative approach to continue AI momentum

GYEONGJU, North Gyeongsang Province — Google Asia-Pacific Chief Marketing Officer Simon Kahn urged global leaders to adopt a bold vision and a strong commitment to social responsibility in artificial intelligence (AI) development, ensuring that its rapid advancements translate into lasting, meaningful benefits for society. During a session on AI roadmap for sustainable innovation at the Asia-Pacific Economic Cooperation (APEC) CEO Summit, on Thursday in Gyeongju, the CMO emphasized the importance of channeling the current wave of AI breakthroughs into long-term societal benefit. “In the AI era, we have a profound social responsibility to ensure that the benefits of this technology uplift everyone and drive sustained prosperity for generations to come,” Kahn said, also stressing collaborative action. “No single company or economy can realize the promise of AI alone. Progress depends on partnership … AI is global; our regulatory frameworks must be as well by building on common international standards,” he said. He demonstrated Google’s real-world AI applications that address

Oct 30, 2025By Lee Gyu-lee
Google urges bold, responsible and cooperative approach to continue AI momentum
Companies

Korea draws $1.2 bil. globally with Invest Korea Summit amid APEC meetings

The Ministry of Trade, Industry and Resources, together with the state-run Korea Trade-Investment Promotion Agency (KOTRA), launched the Invest Korea Summit 2025 on Thursday in Seoul, marking the largest investment achievement in the event’s history. The two-day event, held in conjunction with the Asia-Pacific Economic Cooperation (APEC) CEO Summit this year, drew a record-high investment amount of $1.21 billion in total from global companies in various sectors, from artificial intelligence (AI), semiconductors and automotive, to energy, chemicals, and food and beverage. “Korea is an attractive destination for global companies looking to invest, and foreign investment plays a vital role in boosting the country’s industrial competitiveness,” Industry Vice Minister Moon Shin-hak said during the summit’s opening ceremony. “In today’s climate of heightened economic uncertainty, Korea remains committed to strengthening its standing as a global business hub by continuously enhancing the competitiveness of advanced industries, diversifying export markets and upgrading support sys

Oct 30, 2025By Lee Gyu-lee
Korea draws $1.2 bil. globally with Invest Korea Summit amid APEC meetings
Companies

Korea-US tariff agreement clears up uncertainties for carmakers

GYEONGJU, North Gyeongsang Province — Korea and the United States have finally reached an agreement on the details of a tariff agreement, clearing a major uncertainty for Korea’s automotive industry by reducing a U.S. tariff on vehicles from 25 percent to 15 percent. After weeks of stalemate, the two countries completed the negotiations Wednesday, during a bilateral meeting between Korean President Lee Jae Myung and U.S. President Donald Trump. The latest agreement included a lowered tariff rate on cars and car parts, $150 billion investment in a shipbuilding cooperation project and most-favored-nation (MFN) treatment for pharmaceuticals and wood products. It also guarantees zero tariffs on aircraft components, generic pharmaceuticals and natural resources produced outside the U.S., as well as a semiconductor tariff rate no greater than the one facing Taiwan, Korea’s main competitor. “'Reciprocal tariffs’ between the two countries will remain at the reduced rate of 15 percent, as agreed on July 30, and the same rate will apply to cars and car parts,” Kim Yong-beom, presidenti

Oct 29, 2025By Lee Gyu-lee
Korea-US tariff agreement clears up uncertainties for carmakers
Tech & Science

Tech giant leaders call for global cooperation to balance AI innovation

GYEONGJU, North Gyeongsang Province — Leaders of global tech giants Amazon Web Service (AWS), Meta and Naver emphasized the importance of global cooperation to achieve a balance between rapid artificial intelligence (AI) innovation and responsible governance. During a session on the AI-driven economy at the Asia-Pacific Economic Cooperation (APEC) CEO Summit, Meta Asia-Pacific Vice President Simon Milner underscored access to open-source AI and international cooperation as critical pathways for ensuring trustworthy and inclusive technology. “AI is evolving from generic tools to a super-smart system to learn from you, adapt to your goals and tasks, and help solve your unique problems,” he said. “Meta is actively engaged in that global conversation about AI, its competitiveness, regulation and the safeguards needed for responsible development,” he said. He shared that the company has collaborated with the nonprofit organization Linux Foundation to explore how open and collaborative approaches to AI can accelerate growth in the APEC region and ensure the benefits of advancement ar

Oct 29, 2025By Lee Gyu-lee
Tech giant leaders call for global cooperation to balance AI innovation
Tech & Science

AWS, global firms to invest $9 bil. in Korea to bolster AI, high-tech industries

GYEONGJU, North Gyeongsang Province — Amazon Web Services (AWS) and six other global companies unveiled plans to invest a combined $9 billion in Korea over the next five years to strengthen the country’s role as a global hub for artificial intelligence (AI) and advanced industries, the presidential office said Wednesday. The announcement came after President Lee Jae Myung met with AWS CEO Matt Garman and executives from the multinational firms in Gyeongju, North Gyeongsang Province, securing multibillion-dollar commitments in key strategic sectors, including AI, semiconductors, secondary batteries, future mobility and biotechnology. The executives are visiting Korea to attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit. Among their pledges, AWS will invest more than $5 billion by 2031 to establish new AI data centers in Incheon and Gyeonggi Province, following its $4 billion investment in June to build an AI data center in Ulsan — the largest greenfield investment in Korea’s history. The tech giant’s latest move underscores its confidence in Korea’s strong growth

Oct 29, 2025By Lee Gyu-lee
AWS, global firms to invest $9 bil. in Korea to bolster AI, high-tech industries
Companies

APEC CEO Summit opens in Gyeongju with high-profile welcome dinner

GYEONGJU, North Gyeongsang Province — The Asia-Pacific Economic Cooperation (APEC) CEO Summit, the largest business forum in the Asia-Pacific region, began with a high-profile dinner on Tuesday in the historic city of Gyeongju. The summit, hosted by the Korea Chamber of Commerce and Industry (KCCI), gathers leaders from APEC member economies, which account for 61 percent of global GDP, alongside CEOs from the world’s most influential companies. The summit will run until Friday. The opening event of the four-day summit set the stage for high-level dialogue on trade, innovation and sustainable growth, bringing together Prime Minister Kim Min-seok, Trade Minister Yeo Han-koo, government officials and senior executives from major conglomerates, including Samsung Electronics, SK On, Hyundai Motor, LG Electronics, HD Hyundai, GS Group, POSCO Group, KB Financial Group, Korean Air, CJ Group and Naver. U.S. Ambassador to China David Perdue, Peruvian Ambassador to Korea Paul Fernando Duclos Parodi, Malaysian Ambassador to Korea Dato Mohd Zamruni bin Khalid and Philippine Ambassador to Korea B

Oct 28, 2025By Lee Gyu-lee
APEC CEO Summit opens in Gyeongju with high-profile welcome dinner
Tech & Science

Korea set to drive next wave of AI progress as global benchmark

GYEONGJU, North Gyeongsang Province — Korea stands ready to lead as a global testbed for tackling critical artificial intelligence (AI) bottlenecks, as the nation navigates a pivotal moment where rapid AI advancements are redefining the global technological order and ushering in a new era of innovation, according to SK Group Chairman Chey Tae-won on Tuesday. At the Future Tech Forum Series talk on AI, held in Gyeongju as a side event for the Asia-Pacific Economic Cooperation (APEC) CEO Summit, Chey, who is also chairman of the Korea Chamber of Commerce and Industry (KCCI), said that Korea has the potential to address emerging barriers and polarization in AI development. “We’re now shifting from the reasoning AI era to the age of agentic AI … With rapid development and change, these advances are bound to create bottlenecks around the world, whenever a breakthrough or adequate supply falls short,” Chey said during his opening remarks. “Korea, with its proven ability to adapt quickly to new challenges, can become a testbed for solving these bottlenecks, as we’ve shown in the

Oct 28, 2025By Lee Gyu-lee
Korea set to drive next wave of AI progress as global benchmark
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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.