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Nam Hyun-woo

Korea Times Business Reporter

Nam Hyun-woo has worked as a staff writer at The Korea Times since 2013, mostly covering business and politics. He currently belongs to the Business Desk where he covers topics such as emerging tech, AI, ICT and Korea's chaebol community. Prior to joining the team, he was the paper's correspondent for the presidential office of Korea during the Yoon Suk Yeol and Moon Jae-in administrations.

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Companies

Simmons experiments with art of sleeping through bed-less pop-up event

Simmons Korea, a company that manufactures mattresses and bedding products under license from the global Simmons brand, took an experimental marketing approach. By staging a pop-up event featuring dance, culinary experiences and other forms of art, the company sought to explore the blurring boundary between sleep and dreams without a single display of its own products. Simmons on Wednesday unveiled an immersive art performance titled “The Breath Before Inspiration” at Simmons Gallery Seongsu in Seoul’s Seongsu-dong, exploring themes of sleep, dreams and inspiration. The performance was designed as an immersive experience in a space with no separation between the stage and audience. Dancers waved through the audience as they performed, viewers, pulling spectators along with them and drawing them into the performance itself. The performance translated four values that Simmons’ Beautyrest Black line products promote — tranquility, flexibility, resilience and structure — into distinct movements. Rapper and record producer Gray served as music director for the project, while spati

Sep 4, 2026By Nam Hyun-woo
Simmons experiments with art of sleeping through bed-less pop-up event
Companies

AMCHAM calls for predictable health care policies to boost innovation

The American Chamber of Commerce in Korea (AMCHAM) called Thursday for predictable, globally aligned health care policies to improve patient access, encourage innovation and attract global investment. The call came at the Healthcare Innovation Seminar 2026, hosted by AMCHAM in Seoul. About 150 government officials, business leaders and health care experts from Korea and the United States attended the 17th annual event. Under the theme “From Reform to Execution: Building a Predictable Healthcare Innovation Ecosystem,” participants discussed how Korea can translate health care reforms into tangible outcomes while creating a more innovation-friendly regulatory environment. The discussions came amid ongoing Korea-U.S. talks on regulatory competitiveness and nontariff barriers. Participants stressed predictable policy implementation, alignment with global standards and closer public-private cooperation as key to strengthening Korea’s competitiveness in health care. The agenda focused on three areas: implementing pharmaceutical pricing reforms announced by the Ministry of Health and Welf

Sep 3, 2026By Nam Hyun-woo
AMCHAM calls for predictable health care policies to boost innovation
Companies

OCI Holdings breaks ground on Texas solar project amid AI power boom

OCI Holdings' U.S. subsidiary OCI Energy broke ground Tuesday (local time) on the 260-megawatt SunRoper solar project in Wharton County, Texas, as rising electricity demand from artificial intelligence (AI) data centers drives growth in renewable power, the Korean company said Thursday. The project, a 50-50 joint venture with Israeli renewable energy developer Arava Power, spans 1,714 acres and is scheduled to begin commercial operations in 2027. Once completed, it will generate enough electricity to power about 60,000 households. The companies secured project financing based on a long-term power purchase agreement signed in February with a Fortune 100 company. The buyer was not disclosed. OCI Holdings Chairman Lee Woo-hyun attended the groundbreaking ceremony along with OCI Energy President Sabah Bayatli and Arava Power CEO Ilan Zidkony. OCI Energy has developed utility-scale solar projects in Texas since 2012, developing and selling about 2 gigawatts of capacity in the U.S. market. Its business has accelerated over the past two years as AI data center construction has increased demand f

Sep 3, 2026By Nam Hyun-woo
OCI Holdings breaks ground on Texas solar project amid AI power boom
Tech & Science

G-Star loses traction as Korean game makers turn to global shows

G-Star, Korea’s largest game trade show and one of Busan’s flagship international events, is losing traction as major domestic game developers increasingly turn their attention to global shows, raising concerns over the event’s long-term sustainability and its role as a major annual gathering outside Seoul. According to industry officials, Nexon, Netmarble, NC, Smilegate, NHN, Shift Up and other Korean game developers will participate in Tokyo Game Show 2026, set to take place from Sept. 17 to 21, where they will showcase upcoming titles to local and international gamers. Nexon will showcase Mabinogi Mobile, which is set for release in Japan, along with Fareidolia, a new subculture title under development by Nexon Games. Netmarble will present its new titles Shangri-La Frontier: The Seven Colossi, Solo Leveling: Karma and Pearl in Blue. NC will showcase the RPG title Astrae Oratio, while Smilegate will present two titles, including MIRESI: Invisible Future. Late last month, Krafton and NC also participated in Gamescom in Cologne, Germany, the world's largest game trade show. Krafto

Sep 2, 2026By Nam Hyun-woo
G-Star loses traction as Korean game makers turn to global shows
Tech & Science

Samsung, LG to exhibit AI home ecosystem at IFA 2026

Samsung Electronics and LG Electronics will exhibit their artificial intelligence (AI) home appliances at IFA 2026, Europe’s largest consumer electronics and home appliance trade show set to run from Friday to Tuesday in Berlin. Samsung Electronics said Wednesday it has set up its standalone booth at Humboldt Carre in downtown Berlin, rather than joining the event’s main venue at Messe Berlin. At the booth, which will operate from Wednesday to Sunday, Samsung will showcase its “AI Home,” which connects home appliances, services and energy management. Samsung said the exhibition will present a concept of “AI living,” focused not only on technological convenience but also on people’s daily lives and needs. The company will also showcase its 2026 TV lineup, including Micro RGB models. The TVs feature Vision AI Companion, a conversational AI technology that provides personalized content recommendations and context information without disrupting the viewing experience. The Bespoke AI Family Hub refrigerator uses camera-based AI Vision technology to automatically recognize food in

Sep 2, 2026By Nam Hyun-woo
Samsung, LG to exhibit AI home ecosystem at IFA 2026
Companies

LG Electronics, Marriott team up on hotel room technology platform

LG Electronics has partnered with Marriott International to develop a cloud-based technology platform to enhance entertainment and digital services in hotel guest rooms. The two companies announced a long-term strategic collaboration Wednesday, saying Marriott plans to roll out the jointly developed platform at participating hotels across its global portfolio. The platform will initially focus on in-room entertainment while laying the foundation for centralized device management and connected guest services across Marriott properties. Under the partnership, Marriott will help shape the platform around guest experience, hotel operations and enterprise integration needs, while LG will provide its connected-device capabilities, device management technology and technical support. “By combining LG’s connected-device capabilities with Marriott’s hospitality expertise and enterprise platform, we are creating a more seamless, personalized guest room experience while helping hotel teams operate more efficiently,” said Drew Pinto, executive vice president and chief revenue and technology o

Sep 2, 2026By Nam Hyun-woo
LG Electronics, Marriott team up on hotel room technology platform
Companies

Samsung Electro-Mechanics wins $780 mil. AI server capacitor contract

Samsung Electro-Mechanics said Tuesday it has secured a 1.07 trillion won ($780 million) contract to supply multilayer ceramic capacitors (MLCC) for artificial intelligence (AI) servers to a global customer. The contract, which runs from January through December 2027, is the largest long-term MLCC supply agreement in the company’s history. Samsung Electro-Mechanics did not identify the customer, citing a confidentiality agreement. Industry observers said the client is believed to be one of the world’s major AI semiconductor companies. Demand for MLCCs used in AI servers has risen rapidly as major cloud service providers, including Amazon Web Services, Google and Meta, and chipmakers such as Nvidia and AMD expand their investments in AI infrastructure. MLCCs are essential electronic components that regulate and stabilize electrical current in circuits while helping prevent signal interference between components. They are widely used in smartphones, personal computers, automotive electronics and servers. MLCCs designed for AI servers require high capacity and reliability because the se

Sep 1, 2026By Nam Hyun-woo
Samsung Electro-Mechanics wins $780 mil. AI server capacitor contract
Companies

Samsung showcases chip 3D architecture strategy at SEMICON Taiwan

Samsung Electronics on Tuesday showcased its 3D architecture strategy to break through current limitations in memory chip manufacturing during SEMICON Taiwan 2026, an international exhibition covering semiconductor design, manufacturing, testing and packaging. According to the company, Samsung Electronics Device Solutions Vice President Choi Jang-seok delivered a keynote speech at the Memory Executive Summit, a preview event for SEMICON Taiwan 2026, which will begin its three-day run on Wednesday. During his speech, Choi said Samsung is pushing the limits of memory technology with its “CUBE” strategy, which applies 3D technologies across memory chip manufacturing processes to improve capacity, utilization, bandwidth and efficiency. In memory chips, 3D architecture stacks chip dies or other components vertically to shorten the physical distance data must travel, increase data pathways and improve energy efficiency. It is called 3D architecture because chips or memory dies are stacked vertically instead of being placed side by side on a two-dimensional plane. High-bandwidth memory (HBM

Sep 1, 2026By Nam Hyun-woo
Samsung showcases chip 3D architecture strategy at SEMICON Taiwan
Tech & Science

New AI policy chief warns of export control risks, vows push for homegrown AI

Ha Jung-woo, the new standing vice chairman of the Presidential Council on National Artificial Intelligence Strategy (NAIS), said Monday that Korea must continue efforts to develop competitive AI capabilities of its own to mitigate future risks such as potential export controls on top-tier artificial intelligence (AI) models. During a press conference marking his appointment, Ha said export controls on top-tier frontier AI models could appear again at any time, citing a U.S. export control on Anthropic’s Mythos 5 model in June that spread fears that advanced AI tools have become strategic assets. “Disparities in access to leading AI models could cause gaps in national capabilities,” he said. “Whether it is the government’s ongoing national foundation model project or other types of initiatives, Korea needs to maintain its own capabilities to make frontier AI models.” Ha’s comments came as the national foundation model project, an initiative to foster domestic frontier-level AI models using locally developed technology, faces growing questions over whether the models are be

Aug 31, 2026By Nam Hyun-woo
New AI policy chief warns of export control risks, vows push for homegrown AI
Tech & Science

Applied Materials strives to cooperate with chipmakers to shorten equipment lead time

Applied Materials Korea Country President Park Gwang-sun said Monday that the semiconductor engineering solutions company is working to help Korean chipmakers optimize performance and maximize output as they expand globally. During a press conference in Seoul, Park said Korea’s strategic importance in the global artificial intelligence (AI) ecosystem has been reassessed in the past year, adding that one of the company’s most important roles is to work closely with customers to forecast long-term demand and supply equipment accordingly. “We are working closely with our customers to optimize design and maximize output so that our equipment can produce high-quality devices,” Park said. “Our customers have recently been expanding their fabs globally. SK hynix announced its Indiana fab last week, while Samsung has already begun operations at its Taylor fab. As they expand their global footprint, Applied Materials Korea is working to ensure seamless technical and workforce support.” The comments came as demand for memory chips continues to far outpace supply, prompting chipmakers t

Aug 31, 2026By Nam Hyun-woo
Applied Materials strives to cooperate with chipmakers to shorten equipment lead time
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