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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

NC's overseas revenue set to grow upon global IP expansion

Game developer NC’s overseas revenue is expected to account for a larger share of its total sales in the coming months, as the company expands its intellectual properties (IPs) to target global audiences across North America, Europe and Asia. According to NC’s earnings report, overseas revenue accounted for 52 percent of its total sales in the second quarter of 2026, surpassing the halfway mark and increasing for the fourth consecutive quarter. The increased global share came as NC expanded overseas services for its core IPs and continued to generate results from its global-oriented titles. As its revenue structure shifts from a domestic focus toward greater overseas presence, the company is also increasingly orienting its development strategy toward global markets. In Japan, NC is seeking to diversify its genre portfolio with Astraea Oratio, a subculture-themed role-playing game (RPG) title. Japan has a strong consumer base for subculture content spanning animation and fan-created works. According to research firm Oshikatsu Soken, Japan’s subculture game market was valued at 3.5 t

Sep 22, 2026By Nam Hyun-woo
NC's overseas revenue set to grow upon global IP expansion
Companies

LG chairman widens AI data center partnerships with Big Tech firms

LG Group is expanding its partnerships with Big Tech companies in artificial intelligence (AI) data center infrastructure, with Chairman Koo Kwang-mo’s engagement with leaders of Microsoft and Nvidia leading to collaboration opportunities in areas including cooling systems, batteries and robotics components. LG Electronics said in a LinkedIn post on Tuesday that Koo met Microsoft Chairman and CEO Satya Nadella at the latter's headquarters in Redmond, Washington, on Monday (local time), and discussed strategic collaboration in AI data center infrastructure, AI transformation and physical AI. In AI data center infrastructure, the two sides will explore business opportunities for LG to supply cooling, power and infrastructure solutions in support of Microsoft’s global data center expansion. In the short term, the two sides will concentrate on supplying LG Electronics’ high-capacity cooling solutions for Microsoft’s AI data center projects at key strategic locations, while expanding their collaboration over the medium to long term to prefabricated data centers. Prefabricated data cen

Sep 22, 2026By Nam Hyun-woo
LG chairman widens AI data center partnerships with Big Tech firms
Tech & Science

KRICT researchers develop cathode technology for high-capacity batteries

A research team at the Korea Research Institute of Chemical Technology (KRICT) has developed a new cathode technology that could help batteries store more energy without increasing their size or weight, the institute said Monday. The team, led by senior researchers Moon San and Suk Jung-don, developed a new dry thick cathode technology that improves the movement of lithium ions inside electrodes. The research was featured as the cover article of the international academic journal Exploration in August, with post-master's researcher Eun Hye-ji as the first author. The technology uses graphitic carbon nitride as an additive in dry cathodes for the first time, helping the electrolyte penetrate deeper into the electrode and reducing the energy required for lithium ions to enter the cathode material. One way to produce high-energy-density batteries is to make electrodes thicker, as this allows more active material to be packed into the same area. However, as electrodes become thicker, lithium ions have more difficulty moving through them, preventing the battery from fully utilizing the energ

Sep 21, 2026By Nam Hyun-woo
KRICT researchers develop cathode technology for high-capacity batteries
Companies

Stronger won to test chip, display firms' Q3 profitability

The strengthening Korean won is emerging as a fresh earnings risk for chipmakers, display firms and other electronics companies that rely heavily on dollar-denominated transactions, prompting brokerages to cut earnings estimates for the third quarter. According to data from the Bank of Korea, Sunday, the Korean currency traded at 1,480 won against the dollar on July 16, before strengthening to 1,413 won on Aug. 17 and 1,382 won on Sept. 17. This represents a 6.6 percent narrowing in the dollar-won exchange rate over the two-month period. The change in the dollar-won exchange rate accelerated particularly from August, with the Korean currency gaining value to 1,336 won per dollar on Sept. 9. This prompted brokerages that had based their earnings forecasts at 1,450 won per dollar to begin cutting their estimates, causing the third-quarter earnings consensus for major companies such as Samsung Electronics and SK hynix to drop. According to market tracker FnGuide, brokerages’ consensus on Samsung Electronics’ third-quarter operating profit stood at 122.35 trillion won ($88.27 billion) o

Sep 21, 2026By Nam Hyun-woo
Stronger won to test chip, display firms' Q3 profitability
Tech & Science

LG Innotek develops AI-powered component recommendation system

LG Innotek has developed an artificial intelligence (AI)-powered system that recommends components suitable for use in new products, the company said Sunday. Completed recently after two years of development, the system analyzes vast amounts of internal and external component data using AI and allows users to compare specifications and prices at a glance. LG Innotek’s key products include camera modules, semiconductor substrates and automotive components, each of which can contain hundreds of individual parts. By using AI to speed up component selection while considering both price and performance, the company expects to strengthen its competitiveness. When users enter the specifications they need, the system searches through the data of more than 2 million components in its database and suggests parts with similar specifications. By providing information on components previously purchased by LG Innotek and from the external market, the system significantly broadens the search domain. A distinctive feature of the system is its reference price function. The AI analyzes actual purchase r

Sep 20, 2026By Nam Hyun-woo
LG Innotek develops AI-powered component recommendation system
Companies

Coway launches slim office chair combining recliner, massage functions

Coway has launched the Berex Triple Chair 2 Slim, a multifunctional chair that combines the functions of an office chair, recliner and massage chair. The new product reflects growing demand for space-saving furniture as housing costs rise and one- and two-person households become more common, the home appliance maker said. The Triple Chair 2 Slim is 9 percent smaller in volume than the previous model, making it easier to fit into tight spaces. It also features hidden wheels that give the chair a cleaner look while making it easier to move. The chair is designed for people who spend long hours sitting, such as those working from home or studying. The massage balls are tucked inside the backrest when the massage function is not in use, reducing pressure on the back. The head cushion supports the head and neck, while the seat height can be adjusted by up to 5 centimeters to suit different body types. The backrest can be reclined from 110 degrees for working to 150 degrees for relaxing. Users can also adjust the backrest and leg rest separately for a more comfortable position. The chair also f

Sep 18, 2026By Nam Hyun-woo
Coway launches slim office chair combining recliner, massage functions
Companies

Doosan Corp. bets $700 mil. on chip substrate material biz

Doosan Corp., the holding company of Doosan Group which also operates an electromaterials business, will invest 970 billion won ($702.6 million) to expand its production capacity for copper clad laminates (CCLs), a key material for advanced semiconductor substrates. Doosan Corp. said in a regulatory filing Thursday that its board approved investment to expand the domestic and overseas production capacity of its electromaterials business unit. Under the plan, the company will invest 970 billion won by Dec. 31 next year to expand its production capacity in Korea and overseas. The investment is the largest in Doosan Corp.’s history and accounts for about 8 percent of its equity capital. CCL is a key material used in advanced chip substrates and printed circuit boards (PCBs) found in virtually all electronic devices. The market for the material has remained strong in recent months as demand continues to outpace supply across the broader semiconductor value chain. Doosan Corp. will spend 420 billion won to expand its domestic production lines for CCLs used in optical transceivers — device

Sep 17, 2026By Nam Hyun-woo
Doosan Corp. bets $700 mil. on chip substrate material biz
Companies

LG chairman stresses 'prompt, tenacious execution' in AI investment

LG Group Chairman Koo Kwang-mo stressed “prompt and tenacious execution” in making investments in artificial intelligence (AI) businesses, asking affiliate CEOs to treat AI as a key factor that will determine the group’s future competitiveness. According to the group, Thursday, Koo made the comments during a meeting with LG affiliate presidents at the group’s training center in Icheon, Gyeonggi Province, a day earlier. The meeting was attended by Koo and over 40 top executives of LG Electronics, LG Display, LG Innotek and other key affiliates. Participants explored how AI is bringing changes to the industrial and technological landscape and discussed investment priorities and execution plans to secure future competitiveness. “AI is no longer an area where we can selectively choose whether to respond,” Koo said. “It is the key pillar that will determine our future competitiveness. I ask our CEOs to focus on prompt and tenacious execution so that we can win in the future competition driven by AI.” During the meeting, participants reviewed past investments in areas including

Sep 17, 2026By Nam Hyun-woo
LG chairman stresses 'prompt, tenacious execution' in AI investment
Companies

Hanwha, EDGE to build UAE's integrated air defense network

Hanwha Systems will team up with the United Arab Emirates’ state-run defense conglomerate EDGE to establish an integrated air defense network, covering long- and medium-range capabilities as well as counter-drone defenses. According to Hanwha Systems, Thursday, the CEOs of the two companies signed a term sheet for the air defense network project during a ceremony in Abu Dhabi on Tuesday (local time). The term sheet outlines the direction of the planned introduction of weapons systems for the integrated air defense network and review agendas at each stage of the project. The two sides plan to determine details of the project in line with the direction of defense cooperation between the two countries. Through government approvals and consultations, the two companies will pursue establishing a local joint venture and discuss its operation and local production. Through the partnership, Hanwha Systems plans to expand its role from supplying individual weapons systems to participating in the integrated air defense network, by linking ground weapons systems, including the Chunmoo multiple roc

Sep 17, 2026By Nam Hyun-woo
Hanwha, EDGE to build UAE's integrated air defense network
Companies

LG, Hyundai distance themselves from workers' legal actions over Georgia raid

LG Energy Solution and Hyundai Motor Group are distancing themselves from the legal actions of workers against the U.S. government over their detention during last year’s immigration raid at the companies’ joint battery plant in Georgia. An LG Energy Solution official told The Korea Times Wednesday that the company was not aware that employees were taking legal action until media reports emerged Tuesday night. The official added that the company would not get involved because the legal actions were based on individual decisions by the workers, and the company is not tracking who is joining the campaign. An official at Hyundai Motor Group also said none of the company’s employees were among those detained at the time, adding that it is not involved in legal action taken individually by workers from partner companies or those dispatched to the site. A day earlier, CNN reported that more than 300 Korean workers detained during the raid started filing administrative claims with nine federal agencies, including the Department of Homeland Security, Immigration and Customs Enforcement (I

Sep 16, 2026By Nam Hyun-woo
LG, Hyundai distance themselves from workers' legal actions over Georgia raid
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