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Lee Min-hyung

Korea Times Business Reporter

Lee Min-hyung joined The Korea Times in 2014 and has worked as a journalist mainly in Korea’s finance, tech and automotive industry. He specializes in content creation, breaking news and in-depth analysis currently on transportation and mobility. You can reach him via mhlee@koreatimes.co.kr.

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FORUM Korea urged to navigate fractured global economy with AI transformation

Korean companies must move beyond export-led growth models and embrace artificial intelligence (AI)-driven transformation to remain competitive in an increasingly fragmented global economy, business leaders and experts said Tuesday during The Korea Times Forum. The forum, titled “Made in Korea: Global and AI enablement,” brought together policymakers, corporate executives, diplomats and industry experts to discuss how Korean companies can navigate geopolitical uncertainty, technological disruption and intensifying global competition. In a congratulatory address, President Lee Jae Myung vowed to boost corporate growth by increasing investment in cutting-edge industries, including AI. “The government will spare no effort to ensure that the AI-driven transformation becomes a source of hope for all and an opportunity for growth and advancement,” Lee said in a written message. “We will also provide steadfast support so that businesses can innovate freely and achieve sustainable growth.” Rep. Song Young-gil of the ruling Democratic Party of Korea (DPK) also underscored the need to

Jun 9, 2026By Lee Min-hyung
[FORUM] Korea urged to navigate fractured global economy with AI transformation
Companies

LG CNS launches agentic AI platform for large-scale system development

LG CNS unveiled an agentic artificial intelligence (AI)-powered development platform designed to automate the entire cycle of large-scale enterprise IT systems, the company said Monday. This marks a significant step beyond the emerging trend of AI-assisted vibe coding. While natural language-based coding tools have gained popularity for their ability to generate software code, they have largely been limited to coding assistance and often lack a deep understanding of enterprise system architectures and business contexts. In heavily regulated industries such as finance, manufacturing and the public sector, development standards, security policies and legacy system structures further complicate AI adoption. Against this backdrop, LG CNS launched the DevOn Agentic AI Native Development (AIND), a platform that deploys specialized AI agents to handle every stage of system development and operations, from analysis and architecture design to coding, testing and quality assurance. When a user submits a request in natural language, specialized agents for such tasks in an end-to-end workflow deliver

Jun 8, 2026By Lee Min-hyung
LG CNS launches agentic AI platform for large-scale system development
Companies

SK, Nvidia deepen AI alliance at another Kkanbu Chicken meetup

Nvidia CEO Jensen Huang met with SK’s senior executives at a fried chicken restaurant in Seoul, Sunday evening, for what industry watchers expect to be a wide-ranging discussion on their deepening artificial intelligence (AI) cooperation. Led by SK Group Chairman Chey Tae-won, key executives from the group’s cash-cow affiliates attended the symbolic gathering with the head of the world’s most valuable company at a Kkanbu Chicken restaurant — the same venue where Huang dined with Samsung Electronics Executive Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Chung Euisun last October. Alongside Chey, SK hynix CEO Kwak Noh-jung and SK Telecom CEO Jung Jai-hun also attended the casual dinner with Huang, which was reportedly arranged at the Nvidia chief's request. They discussed a wide range of AI partnerships in areas such as high-bandwidth memory (HBM), AI semiconductors, data center infrastructures and physical AI. With both Nvidia and SK Group paying particular attention to smart factories, both sides are also expected to bring up the agenda on the dialogue table. SK h

Jun 7, 2026By Lee Min-hyung
SK, Nvidia deepen AI alliance at another Kkanbu Chicken meetup
Companies

Nvidia extends partnership with Korean gaming giants

Nvidia CEO Jensen Huang has deepened ties with Korea’s leading game developers, holding a series of high-profile meetings with top executives from NC and Krafton, as the U.S. chipmaker seeks to expand collaboration with gamers to develop more sophisticated artificial intelligence (AI) and next-generation robotics systems. Huang’s back-to-back meetings with Krafton Chairman Chang Byung-gyu and NC CEO Kim Taek-jin in Seoul underscore Nvidia’s growing view of the gaming industry as a strategic partner in the development of physical AI, a field the company sees as central to the future of humanoid robots and autonomous systems. Huang met with Chang at an internet cafe in Seoul, accompanied by Krafton Chief AI Officer Lee Kang-wook and Jang Tae-seok, head of PUBG: Battlegrounds. The Nvidia chief later held separate talks with Kim at another internet cafe in the same city. The choice of location is notable. Rather than meeting in corporate headquarters, Huang opted for Korea’s many internet cafes, known locally as "PC bang," highlighting the close relationship between Nvidia and the c

Jun 7, 2026By Lee Min-hyung
Nvidia extends partnership with Korean gaming giants
Companies

NC founder’s past relationship with Jensen Huang back in spotlight

The long-standing relationship between NC CEO Kim Taek-jin and Nvidia CEO Jensen Huang is back in the spotlight, as the chief of the global artificial intelligence (AI) chip giant held on Sunday a rare one-on-one meeting with the Korean game mogul during his visit to Seoul. Huang arrived Friday for a packed itinerary with a group of conglomerate leaders here. Notably, he met with Kim at a gaming cafe to explore comprehensive technological cooperation in gaming and physical AI, referring to AI embedded in robots and autonomous systems. NC and Nvidia has formed a strong partnership for more than a decade. The bond between Kim and Huang dates back to 2008, when NC launched Aion, its blockbuster massively multiplayer online role-playing game. At the time, the two companies formed a strategic marketing alliance, releasing limited edition Aion GeForce 9800GT graphics cards to commemorate the game's open beta test. GeForce is Nvidia’s flagship graphic card brand. That collaboration has seamlessly extended into the cutting-edge hardware era. At the G-Star 2025 game exhibition last November, NC

Jun 4, 2026By Lee Min-hyung
NC founder’s past relationship with Jensen Huang back in spotlight
Companies

Hyundai Glovis to establish European vehicle logistics hub in Amsterdam

Hyundai Glovis will establish a finished-vehicle supply chain hub at the Port of Amsterdam in the Netherlands, in a move to create a strategic gateway linking major dealer networks across Europe, the company said Thursday. The company recently signed an agreement with the Port of Amsterdam to develop a dedicated automotive logistics hub. The signing ceremony was attended by Hyundai Glovis CEO Lee Kyoo-bok and Port of Amsterdam CEO Koen Overtoom. The agreement enables Hyundai Glovis to develop a vehicle-dedicated terminal spanning approximately 480,000 square meters within the port. The facility will feature berths capable of accommodating up to three pure car and truck carriers (PCTCs) simultaneously, vehicle storage yards with a capacity of more than 20,000 units and predelivery inspection facilities. Rail infrastructure will also be incorporated to support efficient inland transportation throughout Europe. Operations are scheduled to begin in January 2027 and will be managed by Hyundai Glovis Europe. The Amsterdam project marks the company’s first independently secured finished-vehic

Jun 4, 2026By Lee Min-hyung
Hyundai Glovis to establish European vehicle logistics hub in Amsterdam
Companies

World Cup marketing buzz fades in Korea

With the 2026 FIFA World Cup about a week away, Korean businesses are showing little interest in expanding their promotional activities amid the event's falling marketing impact and shifting consumer spending patterns, industry officials said Wednesday. The tournament — hosted jointly by the United States, Canada and Mexico from June 11 to July 19 — is generating a notably muted commercial response. Even if some retailers plan to hold modest campaigns, marketing activities across most industries have effectively ground to a halt. The consumer electronics sector, which once thrived on the so-called “World Cup effect,” has particularly taken a hit. Lotte Himart recorded a 35 percent surge in sales of large-screen televisions 55 inches and above during the first 10 days of June 2018, shortly before the World Cup kicked off. This year, sales in May came in flat compared with a year earlier — a stark indicator that the television industry can no longer count on the tournament for a reliable boost. This is attributable to a fundamental shift in people’s viewing habits. “As consum

Jun 4, 2026By Lee Min-hyung
World Cup marketing buzz fades in Korea
Companies

Korea’s robotics alliance with Nvidia boosts major tech firms

Shares of Korea's major robotics business operators are sharply increasing, driven by mounting anticipation over Nvidia CEO Jensen Huang's planned Seoul visit and his repeated signals of interest in deepening collaboration with the local robotics players. On Monday, the Nvidia chief expressed optimism for possible investment in Korea’s robotics sector during the Korea Partner Night event at GTC Taipei 2026. The remarks have resonated strongly with investors ahead of his scheduled visit to Seoul, slated for Thursday. His well-documented enthusiasm for physical artificial intelligence (AI) — the integration of machine intelligence and real-world robotic systems — has also helped frame Korean industrial heavyweights as potential frontline beneficiaries of the next wave of AI-driven automation. Large-cap robotics stocks, such as LG Electronics, Hyundai Motor and Doosan Robotics, are also on a sharp rally on the growing expectation of the robotics industry. LG Electronics is the standout performer, with its shares soaring more than 300 percent this year. The stock closed at 392,500 won

Jun 3, 2026By Lee Min-hyung
Korea’s robotics alliance with Nvidia boosts major tech firms
Companies

Samsung unveils HBM5 mock-up at Taiwan trade show

Samsung Electronics unveiled a mock-up of its next-generation high-bandwidth memory 5 (HBM5) chip for the first time at COMPUTEX 2026 in Taiwan, Tuesday. Song Jai-hyuk, president and chief technology officer at Samsung’s Device Solutions Division, displayed the firm’s strong willingness to lead the technological leadership in the next-generation HBM market by deepening partnerships with global firms. “We will continue to strengthen our technological competitiveness in the next-generation memory chips by teaming up with global firms, such as Nvidia,” Song said at the exhibition. He also underscored the importance of thermal management technology amid the booming artificial intelligence (AI) industry. As AI systems grow more powerful and densely integrated, thermal management and data processing efficiency are emerging as key competitive differentiators along with the performance of memory chips, according to Song. Central to Samsung’s HBM5 strategy is its proprietary Heat Path Block (HPB) technology. HPB helps lower thermal resistance and improve operational stability to address

Jun 2, 2026By Lee Min-hyung
Samsung unveils HBM5 mock-up at Taiwan trade show
Companies

Hyundai Motor set to deepen robotics, AI partnership with Nvidia

Hyundai Motor Group is expected to expand its artificial intelligence (AI) and robotics partnership with Nvidia, as the heads of the two tech firms are highly likely to meet in Seoul later this week — a move that will strengthen growth momentum for the carmaker’s autonomous driving and humanoid robotics. The high-profile meeting would focus on deepening collaboration in the two key technology areas. Nvidia CEO Jensen Huang is scheduled to visit Seoul in the coming days. Boston Dynamics, the maker of the Atlas humanoid robot, is at the center of the anticipated collaboration. The company is a major robotics affiliate of Hyundai Motor Group. The carmaker has been advancing Atlas as an industrial-grade humanoid platform, as part of its efforts to become one of the world’s most aggressive manufacturing players in the emerging physical AI field, which combines AI with robots designed to operate in real-world environments. The two companies formalized their cooperation at the Asia-Pacific Economic Cooperation summit last year, when they announced a partnership to develop AI factory-based

Jun 2, 2026By Lee Min-hyung
Hyundai Motor set to deepen robotics, AI partnership with Nvidia
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