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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

Kakao union suspends strike following progress in talks

The labor union of tech giant Kakao, known as Crew Union, has decided to halt its ongoing strike following significant progress in collective bargaining negotiations with Kakao Mobility. “After extensive discussions with Kakao Mobility, we have reached a considerable level of consensus and have decided to suspend the strike,” the union said Wednesday. After the breakdown of collective negotiations with Kakao Mobility, the union staged a two-hour partial strike on June 10, marking the first such action since its founding in 2018. Additionally, it had planned to hold another four-hour strike Wednesday ahead of a full-scale walkout, slated for June 25. “We plan to conclude the collective bargaining at the upcoming main negotiation meeting,” the union said. The labor-management dispute was sparked by Kakao’s recent shift in business strategy to restructure its wide-ranging portfolio, which fueled the possibility that it may sell off some of its key subsidiaries, including Daum and Kakao Mobility. Amid speculation that management was considering selling Kakao Mobility to private equi

Jun 18, 2025By Lee Gyu-lee
Kakao union suspends strike following progress in talks
Companies

P&G Korea dedicated to making social contributions

P&G Korea has been dedicated to creating a healthier and safer environment for its consumers, making social contributions in various ways beyond its business. As a global hygiene product maker, P&G has been working across its business to build trust with consumers by acting on its social responsibilities, from environmental protection and community support to providing help for families in need. According to last year’s report by the Federation of Korean Industries, companies are prioritizing environmental issues in both their new social projects and sustainable management. As such, P&G Korea has been focusing on educating future generations and sharing practical information about the environment. Since 2021, it has partnered with the World Wide Fund for Nature (WWF) Korea to create children’s storybooks that encourage eco-friendly habits. Since last year, P&G and WWF have been visiting elementary schools to conduct education on carbon neutrality and life cycle assessment. During the program, students are introduced to the concept of environmental protection and how products impact t

Jun 17, 2025By Lee Gyu-lee
P&G Korea dedicated to making social contributions
Tech & Science

LG CNS partners with Skild AI to develop humanoid solution

LG CNS has signed a strategic partnership with the U.S.-based robotics company Skild AI, entering the industrial artificial intelligence (AI) humanoid robot market to compete in the physical AI era. The company announced the new partnership Tuesday, adding it has also made an investment in the startup through LG’s corporate venture capital arm, LG Technology Ventures. Skild AI is a globally recognized AI robotics startup, co-founded by Deepak Pathak and Abhinav Gupta, both renowned professors of computer science and robotics at Carnegie Mellon University. The company’s core technology is the robot foundation model (RFM), a pretrained machine learning model that serves as the brain to determine robot behavior. By learning from large amounts of data, including images, text, audio and video, the model enables robots to autonomously explore, manipulate objects and perform complex tasks by interacting with their environments. The RFM is highly versatile and can be applied not only to humanoid robots but to all types of robots. “By combining the leading global robotics AI company Skild AI

Jun 17, 2025By Lee Gyu-lee
LG CNS partners with Skild AI to develop humanoid solution
Tech & Science

Will Tving-Wavve become Netflix's biggest rival?

The long-anticipated merger of two major domestic streaming platforms, Tving and Wavve, is finally taking a significant step forward, drawing attention to whether this integrated service could challenge Netflix, the global streaming giant currently dominating the local streaming market. Tving and Wavve announced the launch of a new integrated subscription package, Double Pass, on Monday, about a week after the nation's Fair Trade Commission (FTC) approved their merger, signaling the initiation of their full-scale collaboration. The antitrust watchdog conditionally approved the merger on June 10, requiring them to maintain their current subscription prices until the end of next year. When the unified service launches, the new subscription plans should be of similar tier to previous plans, and if existing subscribers wish to rejoin within one month, they should be able to keep their previous plans. The newly introduced subscription package will be the industry’s first to allow access to content from two different platforms with a single membership. The subscription is available in four t

Jun 17, 2025By Lee Gyu-lee
Will Tving-Wavve become Netflix's biggest rival?
Companies

CJ Logistics courier recognized for saving citizen’s life

CJ Logistics has presented a commendation and reward to its courier Song Jong-hyun for saving a citizen’s life from a suicide attempt, the company announced Sunday. Song, a 43-year-old courier assigned to the Sandong area in Gumi, North Gyeongsang Province, was on his way to work May 19 when he noticed a man in his 30s behaving unusually on Gumi Bridge. Observing the man’s erratic movements, Song kept a watchful eye and, upon seeing him climb onto the bridge railing, immediately called the police. Although police officers arrived and tried to restrain the man, he jumped off the bridge. Song remained at the scene after reporting the incident and provided accurate location and details to assist officers with the rescue. His decisive actions helped the fire department’s rescue team to quickly assess the situation and rescue the man, allowing them to promptly transport him to the hospital for medical attention. “I felt something was wrong when I saw him walking dangerously on the bridge, holding a bottle of alcohol,” said Song, a 15-year veteran courier. “I’m glad that I didn’

Jun 16, 2025By Lee Gyu-lee
CJ Logistics courier recognized for saving citizen’s life
Tech & Science

Kakao, Naver face unfamiliar test as union voices grow

Labor unions' growing voices are emerging as a test for the management of tech giants Naver and Kakao, as the IT sector, where high employee turnover has long hindered unionization, becomes increasingly unionized with workers speaking out over long-standing grievances. Kakao’s labor union Crew Union will launch its first-ever full-day strike on June 25, following a breakdown in collective bargaining negotiations with its subsidiary Kakao Mobility. The strike began with a two-hour walkout last Wednesday in solidarity with Naver’s labor union, and is set to intensify with a four-hour strike and a large-scale rally this Wednesday, leading up to the full-day strike. The labor conflict was triggered by the company’s recent shift in business strategy to streamline its sprawling portfolio, raising the possibility that it will divest some of its key subsidiaries, including Daum and Kakao Mobility. As speculations grew over management exploring options to sell off Kakao Mobility to private equity, workers have expressed condemnation and concerns over their job security and the future direc

Jun 15, 2025By Lee Gyu-lee
Kakao, Naver face unfamiliar test as union voices grow
Companies

IFEZ pushes new zone in southern Ganghwa

The Incheon Free Economic Zone (IFEZ) Authority is in the final stages of an administrative process to designate the southern part of Ganghwa Island as an additional free economic zone, aiming to expand and strengthen the IFEZ for long-term sustainability. According to the authority Thursday, it will collect public opinions on the proposal through June 23. Meanwhile, the Ministry of Trade, Industry and Energy is set to hold a third preliminary consultation on Monday to gather expert feedback. Following these consultations, the IFEZ Authority plans to revise the proposal and submit an official application to the ministry by the end of the month. If approved, the government is expected to officially designate southern Ganghwa as part of the IFEZ in the second half of this year. Southern Ganghwa is regarded as a strategic location within the airport economic zone due to its proximity to Incheon International Airport and its potential connections with existing IFEZ areas, including Songdo, Yeongjong and Cheongna. The region’s rich cultural heritage and natural attractions along the West S

Jun 12, 2025By Lee Gyu-lee
IFEZ pushes new zone in southern Ganghwa
Tech & Science

Naver to launch integrated AI agent for smarter search

As the rapid artificial intelligence (AI) transformation reshapes search trends globally, Naver, Korea’s leading internet portal operator, is keeping pace by introducing an AI agent feature within its search engine, integrating its services like shopping, maps and finance. “The idea of searching was simply about finding information at the beginning … But as it meets AI technology, it goes beyond and expands to offer to summarize content, generate information and more. So building on this, we plan to introduce new services,” Kim Sang-bum, executive director of Naver's Search Quality, said during a press conference in Seoul's Gangnam District Thursday. The company rolled out an AI briefing feature earlier this year, leveraging its vertical services, such as Naver Shopping, Naver Place and Naver Pay, to offer curated search results in various formats. Kim Jae-yeop, head of Naver's Search Creative X, noted that by the end of this year, the company will increase AI briefing exposure up to about 20 percent of all searches and extend the feature to include recommendations in areas like

Jun 12, 2025By Lee Gyu-lee
Naver to launch integrated AI agent for smarter search
Others

Seasoned trade chief to navigate US tariff challenges

As the July 8 deadline for the “July package” tariff deal with the United States approaches, Korea’s new administration is gearing up for high-stakes negotiations by appointing a veteran trade expert to lead the charge. On Tuesday, President Lee Jae-myung named Yeo Han-koo as the new trade minister— a role he previously held from 2021 to 2022 under the Moon Jae-in administration. The appointment is widely viewed as a strong signal of Lee’s commitment to tackling the complex trade challenges ahead. Yeo brings extensive experience in both bilateral and multilateral trade negotiations, having served as chief negotiator for free trade agreements (FTAs) with the United Kingdom and Central America. He also played a key role in the renegotiation of the Korea-U.S. FTA and in steel tariff negotiations during the first Trump administration. In that context, experts have voiced strong confidence in Yeo’s appointment. “From our perspective, the government has made an excellent choice by selecting the most capable and suitable person for this critical role,” said Jang Sang-sik, head o

Jun 12, 2025By Lee Gyu-lee
Seasoned trade chief to navigate US tariff challenges
Companies

Samsung SDI to supply battery to Europe’s top ESS provider

Samsung SDI announced Wednesday that it has signed a deal with Tesvolt, a leading German manufacturer specializing in commercial energy storage systems (ESS), to supply its all-in-one battery solution, the Samsung Battery Box (SBB). The company will deliver SBB to Tesvolt by the end of this month. Tesvolt will then integrate the batteries with its own power conversion systems and advanced cybersecurity features to create and provide its own ESS solution for customers. “We’ve been supplying ESS batteries to Tesvolt since 2017, and this new SBB agreement will take our partnership to the next level. We’re going to ramp up our push into European and other global markets,” a Samsung SDI official said. In addition, the two companies also agreed to explore further supply deals and strengthen their partnership through joint marketing efforts to win forthcoming ESS projects. “The SBB features a unique solution to prevent battery fires, the enhanced direct injection system, and is also highly durable and low noise,” Tesvolt said, indicating possibly more collaborations in the future.

Jun 11, 2025By Lee Gyu-lee
Samsung SDI to supply battery to Europe’s top ESS provider
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