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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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Tech & Science

LEE'S 1ST YEAR IN OFFICE Gov't push for AI lays groundwork for businesses; tangible outcome yet to come

During his first year in office, President Lee Jae Myung pursued aggressive policy pushes to achieve his ambitious goal of elevating Korea as one of the world’s top three artificial intelligence (AI) powerhouses. The approach has drawn largely favorable responses from experts and industry officials, though they noted that key challenges remain over whether the administration can sustain the momentum throughout the remainder of Lee’s term and whether the policies can be implemented quickly and effectively enough to keep pace with the rapidly evolving landscape of the global AI industry. The Lee administration launched the Presidential Council on National AI Strategy in September 2025. For the past year, it helped the public and private sectors jointly secure 260,000 advanced graphics processing units (GPUs), while the country’s AI investment budget more than tripled from 3.3 trillion won in 2025 to 9.9 trillion won in 2026. The government also enacted the world's first comprehensive AI framework law in January and launched the national AI foundation model project to encourage compa

Jun 1, 2026By Nam Hyun-woo
[LEE'S 1ST YEAR IN OFFICE] Gov't push for AI lays groundwork for businesses; tangible outcome yet to come
Companies

Nvidia CEO's upcoming visit to Korea stokes hopes on physical AI collaboration

Nvidia CEO Jensen Huang is set to visit Korea this week, stoking expectations over the artificial intelligence (AI) platform company’s collaboration with Korean partners in the field of physical AI. According to industry officials, Huang will visit Korea after appearing at major chip industry events in Taiwan, including GTC Taipei 2026 and COMPUTEX 2026. Given that GTC Taipei 2026, an Nvidia event, runs through Thursday, his schedule in Korea is expected to begin on Friday. Huang’s previous visit to Korea in October last year created headlines as he met with key partners including Samsung Electronics, SK hynix and Hyundai Motor Group to coordinate major issues related to high-bandwidth memory supplies and next-generation AI chip development. He also announced plans to supply 260,000 graphics processing units to Korea. Huang also earlier generated online buzz after sharing fried chicken and beer with Samsung Electronics Executive Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Chung Euisun at a chicken restaurant in southern Seoul, drawing a massive crowd. While Huang’

May 31, 2026By Nam Hyun-woo
Nvidia CEO's upcoming visit to Korea stokes hopes on physical AI collaboration
Companies

Lotte expands family-friendly initiatives amid Korea’s low birthrate crisis

Lotte Group hosted a family-friendly festival at the Seoul Plaza lawn from May 19 to 21 in partnership with ChildFund Korea and the Community Chest of Korea, marking the 10th anniversary of its mom-friendly social contribution initiative. The event was designed to encourage public participation in addressing Korea’s low birthrate crisis while promoting better child care environments and greater awareness of caregiving. The opening ceremony on May 19 was attended by major figures from the public and private sectors, including Im Sung-bok, head of communications at Lotte Corp.; Yoon Yeo-jun, chairman of the Community Chest of Korea; and Hwang Young-ki, chairman of ChildFund Korea. During the ceremony, Lotte donated a combined 500 million won ($366,000) to ChildFund Korea and the Community Chest of Korea to support efforts aimed at addressing the country’s declining birthrate and improving child care facilities. The venue featured four themed zones focused on school commute, learning, play and rest, where visitors took part in programs related to safety education, children’s rights an

May 29, 2026By Nam Hyun-woo
Lotte expands family-friendly initiatives amid Korea’s low birthrate crisis
Companies

LX Hausys expands HIMACS landmark marketing with UK rail station project

LX Hausys is strengthening its global landmark marketing campaign by expanding supplies of its acrylic solid surface product HIMACS to major architectural sites in Europe and North America. The company said Thursday that it supplied HIMACS for the exterior wall of Reading Station in Berkshire, England. The project was carried out in collaboration with renowned British designer Stuart Melrose. Using LX Hausys’ translucent HIMACS Lucent product, Melrose created a large LED-backlit mural installed on the station’s wall, taking advantage of the material’s light-transmitting properties. The artwork, which reinterprets the region’s history in a modern, artistic way, has drawn attention as a notable example of public art. As part of the collaboration, Melrose recently visited Korea to tour LX Hausys’ flagship showroom, LX Z:IN Flagship, as well as the company’s HIMACS production line and its CX Design Center. After reviewing LX Hausys’ interior materials at the showroom, Melrose praised the company’s products for their durability and seamless finishing capabilities. “I was deepl

May 28, 2026By Nam Hyun-woo
LX Hausys expands HIMACS landmark marketing with UK rail station project
Tech & Science

OpenAI includes Korea in cybersecurity program

OpenAI will include the Korean government, public institutions and companies in its cybersecurity program, allowing access to its latest cybersecurity artificial intelligence (AI) models, its chief strategy officer (CSO) said Wednesday. “We believe AI can become a powerful tool for cyber defenders, helping them identify vulnerabilities faster, respond to threats more effectively and make software and systems more secure,” OpenAI CSO Jason Kwon said during a press conference in Seoul. “We want OpenAI to become a trusted partner to Korea.” In particular, Korea will participate in OpenAI’s Daybreak cybersecurity initiative. Under the initiative, Korean institutions will gain Governmental Trusted Access for Cyber (GTAC), a restricted-access tier that allows verified cybersecurity professionals to utilize specialized AI models to test cybersecurity vulnerability. Kwon said OpenAI will expand the TAC program to private companies in Korea that are involved in the country’s key industries. According to OpenAI, Korea’s participation in GTAC marks the first case in Asia alongside Ja

May 27, 2026By Nam Hyun-woo
OpenAI includes Korea in cybersecurity program
Companies

Samsung Electronics bonus agreement approved, strike averted

More than 70 percent of Samsung Electronics’ labor union members on Wednesday approved a tentative wage agreement reached between union leaders and management, bringing a monthslong dispute over performance bonuses to a close, at least for now. According to the unions, 55,333 of the 57,332 eligible members of the Samsung Electronics Labor Union (SELU) participated in the vote, with 44,606 voting in favor of the agreement, for an approval rate of 80.6 percent. At the National Samsung Electronics Union (NSEU), 7,283 out of 8,261 members voted, with 1,536 approving the agreement, translating to an approval rate of 21.1 percent. The combined approval rate stood at 73.7 percent, surpassing the majority threshold required for ratification. The tentative agreement was signed on May 20, just hours before the unions were set to stage a general strike the following day. Voting on the agreement was conducted from May 22-27. “Though there were some disappointments during the wage negotiations, I believe labor and management reached a meaningful agreement after continuing dialogue and discussion

May 27, 2026By Nam Hyun-woo
Samsung Electronics bonus agreement approved, strike averted
Companies

Dispute deepens between Samsung Electronics labor unions

The dispute between labor unions at Samsung Electronics is deepening over a tentative wage agreement reached between management and a semiconductor union last week, with employees from the company’s device division seeking a court injunction to block the agreement from being approved through an ongoing vote. With more than 90 percent of eligible employees having voted as of 10 a.m. Tuesday, 24 hours before the voting closes, the agreement, which allows large bonuses only for the company’s chip division employees, appears likely to pass, given that semiconductor employees account for the majority of voters. However, the outcome of the injunction request could still become a variable. Samsung Electronics Company Union (SECU), the company’s third-largest labor union, filed the injunction request with Suwon District Court on Tuesday, asking the court to halt the voting process. The majority of SECU members are from the company’s Device Experience (DX) division, which covers mobile, home appliance and other network devices. “The representative union turned a blind eye to the equali

May 26, 2026By Nam Hyun-woo
Dispute deepens between Samsung Electronics labor unions
Companies

Hyundai Rotem wins 2 state-backed R&D projects for AI robotics

Hyundai Rotem has secured two state-backed research and development projects aimed at advancing unmanned robot technologies powered by physical artificial intelligence (AI), as it works to strengthen future battlefield capabilities. The company said Tuesday it has been selected to lead two national initiatives. The first, commissioned by the Ministry of Trade, Industry and Resources, focuses on developing an integrated control system for multiple types of robots that can be operated using natural-language commands. The second, commissioned by the Agency for Defense Development (ADD), involves building a physical AI-based simulator and a modular robotic platform. The industry ministry-led project aims to create software that allows operators to control different unmanned robots through spoken or written instructions. Today, unmanned systems are usually operated one by one using remote controls or manually input commands. The new system is designed to let a few operators manage several different platforms at once. Hyundai Rotem plans to apply the technology to its HR-Sherpa unmanned groun

May 26, 2026By Nam Hyun-woo
Hyundai Rotem wins 2 state-backed R&D projects for AI robotics
Companies

SK Bioscience to license vaccine technology to Colombia

SK Bioscience will license its vaccine technology to Colombia’s state-owned pharmaceutical firm VECOL and cooperate in establishing a local manufacturing site, as part of the Latin American country’s national vaccine localization initiative, the Korean drug developer said Tuesday. SK Bioscience signed an agreement detailing the partnership with VECOL, which is jointly leading the state initiative with Colombia’s Ministry of Health and Social Protection and the National Health Institute. Under the initiative, Colombia will invest $260 million over the next 10 years to strengthen national vaccine self-sufficiency and public health preparedness. VECOL is the lead entity responsible for overall project execution, while SK Bioscience will participate by licensing its vaccine and providing the technology and expertise required for manufacturing facility development and other operational know-how. As the initial product for the partnership, SK Bioscience will license out SKYVaricella, its proprietary varicella vaccine. The company said it plans to establish a local manufacturing system w

May 26, 2026By Nam Hyun-woo
SK Bioscience to license vaccine technology to Colombia
Tech & Science

LG Group enjoys rosy market outlook for robot business

LG Group companies are enjoying a rosy market outlook as expectations surrounding their robotics business plans continue to drive up stock prices. The stock price of LG Electronics closed at 237,000 won ($157) on Friday, up 68.2 percent from 140,900 won on April 30. Its market capitalization stood at 38.6 trillion won, ranking 23rd among companies listed on the benchmark KOSPI. The stock also hit the daily upper trading limit of 30 percent on Thursday, a rare occurrence for a large-cap company. Similar patterns are being observed among affiliates with business related to the robotics sector. During the same period, electronics parts firm LG Innotek stock enjoyed a 50.8 percent increase, while IT system company LG CNS rose 28 percent and LG Display gained 23.6 percent. Buoyed by strong performances from its affiliates, holding company LG Corp. also posted a 19.6 percent increase. Analysts said the companies’ robotics-related business plans appear to have received a favorable response from the market. “LG Electronics revealed plans at its shareholder meeting in March to establish a mass

May 25, 2026By Nam Hyun-woo
LG Group enjoys rosy market outlook for robot business
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