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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

POSCO tempers Alaska LNG deal hype after Glenfarne announcement

POSCO International has signed a partnership with Glenfarne Alaska LNG, the lead developer of the Alaska liquefied natural gas (LNG) project. Despite heightened expectations that it could become the first Korean company to join the $44 billion energy project, the trading firm is stressing that a final decision on its participation has yet to be made, in contrast to Glenfarne’s conclusive tone. Glenfarne announced on Thursday that it had inked a strategic partnership on the project’s development with the POSCO unit during Gastech, an energy conference in Milan, Italy, Wednesday (local time). Glenfarne said the agreement includes initial terms for POSCO to supply steel to construct the project’s massive 1,300-kilometer-long, 107-centimeter-wide pipeline, which will connect the state’s North Slope to southern Alaska for export. The terms also contain conditions for a 20-year heads of agreement (HOA) that POSCO will purchase 1 million tons of LNG offtake per year on a free on board (FOB) basis, the project’s first. Offtake refers to a long-term supply purchase agreement. The deal w

Sep 12, 2025By Lee Gyu-lee
POSCO tempers Alaska LNG deal hype after Glenfarne announcement
Tech & Science

KAIST professor Kim Joung-ho receives Paiknam Prize

Hanyang University’s Paiknam Memorial Association has awarded Korea Advanced Institute of Science and Technology (KAIST) professor Kim Joung-ho with the 7th Paiknam Prize Engineering Award, the association said Friday. The Paiknam Prize honors those who make noteworthy achievements in the fields of engineering, music and human rights. It was established to commemorate the philosophy of the university’s founder, Kim Lyun-joon, also known by his pseudonym of Paiknam. Kim is well-known for his work in high-bandwidth memory (HBM), having been influential in the fundamental concept, design and architecture of the memory chip, a core component of artificial intelligence (AI) processors. Backed by Kim’s research, Korea became the world’s first country to mass produce HBM in 2013, and major players such as SK hynix and Samsung Electronics are influencing the global tech world. Professor Kim recently presented a next-generation HBM road map charting the path from HBM4 to HBM8, and is spearheading international standardization and technological development through collaborations with Googl

Sep 12, 2025By Lee Gyu-lee
KAIST professor Kim Joung-ho receives Paiknam Prize
Companies

IAA 2025 Samsung Display taps mobility industry as new growth engine

Samsung Display is steering its OLED technology into the fast-growing mobility sector, positioning it as the company’s new growth engine. “Samsung OLED will become a digital platform that connects people with the future of self-driving mobility,” Lee Joo-hyung, the company’s executive vice president and head of mobile display business, said during a keynote session at IAA Mobility 2025 in Germany on Wednesday (local time). Speaking as a session panelist, Lee noted that displays are taking on a pivotal role in next-generation vehicles. “In the era of software-defined vehicles and autonomous driving, the display is emerging as both the key interface connecting people with their cars and a vital digital platform,” he said. “OLED, in particular, when paired with AI (artificial intelligence), can recognize surroundings, enable advanced safety features through deep learning and ultimately serve as essential infrastructure that creates new value for the future of mobility.” At this year’s mobility show, the company debuted its automotive OLED brand, DRIVE, underscoring its com

Sep 11, 2025By Lee Gyu-lee
[IAA 2025] Samsung Display taps mobility industry as new growth engine
Tech & Science

Samsung SDS unveils strategy as full-stack partner for AI transformation

Samsung SDS highlighted its full-stack artificial intelligence (AI) service strategy, encompassing infrastructure, consulting, platforms and solutions, to help companies across industries with AI transformation. The company held its annual REAL Summit at Coex in southern Seoul on Thursday, opening the event with a keynote session to showcase its strategy, global partnerships and use cases from its clients. “When we talk about AI these days, the biggest topic is AI agents, and with them, we are entering a new realm of opportunities … AI innovation requires not only expertise in AI and cloud technologies and an understanding of vast, complex enterprise data, but also careful consideration of security,” Samsung SDS CEO Lee June-hee said during the session. “Verifying each step and finding real, applicable use cases are far from easy. That’s why anyone considering AI innovation inevitably needs a reliable information technology (IT) partner.” To drive AI transformation in business, Samsung SDS offers a full-stack service with its generative AI platform FabriX that connects multip

Sep 11, 2025By Lee Gyu-lee
Samsung SDS unveils strategy as full-stack partner for AI transformation
Tech & Science

Tech firms race to recruit AI specialists

As artificial intelligence (AI) emerges as the go-to concept for corporate survival, Korea’s tech giants are scrambling to fill their staffs with AI specialists. They are doubling down on recruitment, partnerships and academic outreach, while also making efforts to lock in experts already on their payroll. In a move signaling urgency, Kakao on Monday launched its first-ever groupwide hiring campaign, breaking from its traditionally conservative hiring practices. The large-scale recruitment drive spans all job categories across its affiliates, including Kakao Games, Mobility, Bank, Entertainment and Pay. It is aimed at securing what the company calls “AI native” professionals — individuals who grew up surrounded by AI and digital tools. “Today’s young people are the first generation to grow up alongside diverse AI technologies, learning to use them and developing together,” company CEO Chung Shin-a said while announcing the campaign earlier this month. “We look forward to young talents who can discover creative answers through distinctive and unconventional questions.”

Sep 11, 2025By Lee Gyu-lee
Tech firms race to recruit AI specialists
Tech & Science

KT mobile payment breach rattles users over new security threat

A series of unauthorized mobile payment fraud cases have recently hit KT users in Seoul and the surrounding Gyeonggi Province, sparking an unprecedented type of security threat, with suspicions that rogue cellular base stations were used for the crimes. During a press briefing Wednesday, the Ministry of Science and ICT said KT has confirmed 278 cases of mobile payment fraud cases among its users with the total losses expected to surpass 170 million won ($122,460), double the previous counts of reported cases as new cases continue to emerge. The mobile payment breach first surfaced last week as police investigated unauthorized mobile charges affecting KT users residing in Gwangmyeong, Gyeonggi Province. About 20 victims reported that they were suspiciously charged for transactions such as digital gift cards and transit card top-ups from Aug. 27-31. The issue quickly escalated when more payment fraud cases were reported in Seoul. KT filed a cyber incident report with the Korea Internet & Security Agency (KISA) and the ICT ministry on Monday evening, leading the ministry to set up a joint

Sep 10, 2025By Lee Gyu-lee
KT mobile payment breach rattles users over new security threat
Tech & Science

LG Electronics eyes European dominance, aiming to double sales in 5 years

LG Electronics has announced its goal to double its home appliance sales in Europe within the next five years, setting its sights on becoming the continent’s top brand. Lyu Jae-cheol, head of the company’s Home Appliance Solution Company, shared LG’s future business strategy in the European market during a press conference Thursday (local time) at the IFA 2025 electronics exhibition, which runs through Tuesday in Berlin. “LG has weathered fierce competition in Europe, achieving rapid growth over the past several years, winning strong approval from customers,” Lyu said. “To further penetrate Europe, one of the world’s most important premium markets alongside North America, we focused on showcasing products tailored specifically for European consumers at this exhibition.” As Europe is one of the largest home appliance markets worldwide, LG has been competing with other foreign brands for both the premium and mass market segments in the region. “We aim to double our home appliance sales in Europe within five years and secure our position as its leading brand by driving qual

Sep 5, 2025By Lee Gyu-lee
LG Electronics eyes European dominance, aiming to double sales in 5 years
Companies

POSCO considering HMM acquisition to drive growth beyond steel

POSCO Group is considering acquiring shipping giant HMM as part of efforts to diversify its portfolio beyond steel. According to the investment banking industry, the company has formed a group of advisers, including from Samil PwC and Boston Consulting Group, to review the possibility of acquiring HMM. The potential acquisition is seen as significant, signaling POSCO’s bid to secure new growth drivers as it restructures in response to sluggish performances in its core businesses. POSCO has prior experience in the shipping sector, acquiring and running Geoyang Shipping. However, it stepped away when it sold Geoyang to Hanjin Shipping in 1995. The company currently spends about 3 trillion won ($2.16 billion) annually on logistics, which covers importing raw materials such as metallurgical coal, steel products and battery materials, as well as exporting finished goods. By buying a shipping company, POSCO is expected to stabilize procurement and exports while mitigating external risks such as surging freight rates and supply chain disruptions. As part of its future strategy, HMM has been exp

Sep 5, 2025By Lee Gyu-lee
POSCO considering HMM acquisition to drive growth beyond steel
Companies

Nongshim’s Shin Ramyun rides on ‘KPop Demon Hunters’ fame

Nongshim is attempting to ride the trend of Netflix’s smash-hit animation “KPop Demon Hunters” for its flagship instant noodle product Shin Ramyun to expand worldwide, especially with its competitor Samyang's Buldak instant noodles gaining ground globally. On Aug. 20, the leading instant noodle maker rolled out special packaging for its products, including its shrimp crackers and classic Shin brand instant noodles, to feature characters from “KPop Demon Hunters” for local and international distribution. The animated film about a K-pop girl group battling against supernatural danger has garnered massive success, becoming the most-watched title ever on the platform. With the animation's global fame, songs, food and fashion featured in the film have also been put in the international spotlight, including the instant noodles eaten by the main characters, which resembled Nongshim's classic Shin brand. The collaboration quickly generated buzz, as the company’s stock rose by 6.3 percent on the day of the announcement. Its stock closed at 426,500 won ($306) on Wednesday, an increase

Sep 5, 2025By Lee Gyu-lee
Nongshim’s Shin Ramyun rides on ‘KPop Demon Hunters’ fame
Tech & Science

Calls grow for probe into KT, LG Uplus data leak allegations

Seoul YMCA urged the Personal Information Protection Commission to investigate alleged data leaks at KT and LG Uplus on Thursday, filing a formal request. “Recently, KT and LG Uplus users have been worried that their personal information may have also been leaked,” the civic group said. “This follows the government’s initial announcement in July that inspections of KT and LG Uplus showed ‘no damage.’ However, its repeated revisions — from ‘under review’ to ‘tentative data breach’ and ‘under inspection’ — have created confusion and uncertainty.” Noting that the delay in disclosing the risks of possible leakage only heightens confusion among the public and damage to the companies’ subscribers, the group claimed that the telecoms have previous track records of attempting to conceal breaches in personal information. “LG Uplus has a history of failing to disclose or delaying the reporting of personal data breaches, with incidents in 2018 and 2023. On both occasions, the company only notified the public of the leaks after receiving alerts from the Korea Intern

Sep 4, 2025By Lee Gyu-lee
Calls grow for probe into KT, LG Uplus data leak allegations
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