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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

SK Group names 85 new executives in latest reshuffle

SK Group said Thursday it has named 85 new executives in its latest personnel reshuffle with a focus on hiring younger leaders to address the artificial intelligence (AI) boom. The conglomerate, which has SK hynix and SK Telecom under its wing, said the number of newly appointed executives slightly increased from 75 a year earlier. Industry sources said the total number of executives at SK Group, however, fell by around 10 percent. Of the new executives, 17 were born in the 1980s. The average age of the batch came to 48.8, down from last year's 49.4. The youngest among them was Ahn Hong-beom, born in 1983, who leads SK Telecom's AI and digital transformation projects. The business group noted six of the eight newly appointed female executives were also born in the 1980s. In line with its efforts to strengthen SK Group's readiness for the AI era, SK hynix has launched regional research centers, with SK Innovation establishing a new AI unit under the direct control of its chief executive officer. SK hynix said its AI research centers, set to open in major hubs, including the United States, Ch

Dec 4, 2025By Yonhap
SK Group names 85 new executives in latest reshuffle

InterviewEruty transforms content ecosystem using AI, blockchain

Eruty, a content fintech startup powered by artificial intelligence (AI) and blockchain, is reshaping Korea’s content ecosystem with a unified platform that provides IP valuation, investment matchmaking and copyright settlement. CEO Kim Yu-sung said the priority of the company, based in Busan, is shifting the longstanding intuition-driven approach to content valuation toward a data-centric model, a change he views as critical to modernizing the traditional content investment market. “As we examined the Korean content sector in depth, it became clear that many creators continue to struggle with structural constraints despite its enormous popularity worldwide. Key challenges included limited access to investment, a lack of global networking channels and persistent inefficiencies in revenue settlement,” Kim said in an interview with The Korea Times. “We wanted to resolve these issues by building a technology-driven ecosystem that directly links creators with investors. Our solution uses AI to assess a project’s value and its likelihood of commercial success, while blockchain tech

Dec 4, 2025By Jun Ji-hye
Eruty transforms content ecosystem using AI, blockchain

Netmarble confirms additional leak of 8,000 personal data records following major hacking incident

Korean gaming giant Netmarble has identified an additional leak of around 8,000 personal data records, the company said Wednesday, following a hacking incident that exposed the information of 6.11 million users. Netmarble said in a notice posted on its website that the newly confirmed breach was uncovered during an internal investigation conducted after the initial cyber intrusion. According to the company, the newly leaked data includes various information, including 3,185 customer service inquiry records from 2003-04 and 2014-21, and 2,022 online job applicant records from the past. Netmarble said it has reported the additional findings to the relevant authorities and has begun notifying the affected individuals. "We sincerely apologize once again for failing to thoroughly protect our customers' valuable personal information," a company official said. "We are fully cooperating with the authorities to determine the exact cause of the incident and will make companywide efforts to strengthen our security posture to prevent a recurrence."

Dec 3, 2025By Yonhap
Netmarble confirms additional leak of 8,000 personal data records following major hacking incident

Olive Young hits $680 mil. in foreign tourist purchases

CJ Olive Young reached 1 trillion won ($680 million) in purchases by visiting foreign tourists at its offline stores nationwide from January to November, establishing itself as a global K-beauty hub. The company announced the figure on Wednesday, noting that it is roughly 26 times its annual sales in 2022, when the market was still transitioning out of the COVID-19 pandemic. The share of offline sales by foreign customers, which hovered around 2 percent in 2022, surpassed 25 percent for the first time this year after climbing into double digits in 2023. “Achieving 1 trillion won in purchases by visiting foreigners is especially meaningful in that small and indie brands found global customers through Olive Young to accomplish this together,” an Olive Young official said. “We will continue to make efforts to ensure that K-beauty becomes not just a trend but a reason to revisit Korea and a core element of tourism.” The leading beauty and skin care product retailer has become a must-visit stop for travelers to Korea, as more foreign shoppers seek the latest in K-beauty trends. From Ja

Dec 3, 2025By Lee Gyu-lee
Olive Young hits $680 mil. in foreign tourist purchases

Coupang's market dominance remains unshaken after data breach: analysts

Coupang's massive data breach is expected to have only a limited impact on the number of customers leaving the platform, due to the company's dominant position and differentiated services, analysts said Wednesday. The breach, which exposed the personal information of 33.7 million users, is the largest in Korean history. It reportedly occurred five months ago due to a former employee, but remained undetected until recently. Coupang shares dropped 5.36 percent on Monday (local time) following reports of the breach over the weekend. The stock, however, rebounded slightly on Tuesday, rising 0.23 percent to close at $26.71 in New York trading. Despite the negative headlines, Coupang's domestic rivals saw modest gains or remained largely unaffected. From Monday to Wednesday, Naver shares climbed 1.44 percent to 246,500 won ($167.85). Naver operates e-commerce platforms, including Naver Store and Naver Pay. Emart and Lotte Shopping also advanced 4 percent and 3.1 percent, respectively, while the benchmark KOSPI index added 2.96 percent. Coupang controlled 22.7 percent of Korea's e-commerce marke

Dec 3, 2025By Lee Yeon-woo
Coupang's market dominance remains unshaken after data breach: analysts

Samsung SDI seeks edge in gov’t ESS project bid with safety recognition

Samsung SDI has won a major award for its energy storage system (ESS) safety technology, a recognition expected to boost the company’s efforts to secure a leading position in an upcoming government-led ESS procurement project. During the 2025 Korea Tech Festival on Wednesday, Samsung SDI received a ministerial commendation in the Korea Technology Awards for its Samsung Battery Box (SBB), recognized for advancements in fire safety and cost reduction. Samsung SDI was the only domestic battery maker to be honored at this year’s awards. SBB is Samsung SDI’s integrated ESS battery solution that combines batteries and safety systems within a 20-foot container. It features a highly durable prismatic battery cell paired with the company’s fire safety technologies, including Enhanced Direct Injection (EDI) and No Thermal Propagation (No TP). EDI is a technology that directly injects fire-suppressant agents into a battery module when a thermal runaway occurs, effectively preventing heat from spreading. No TP prevents a fire in one battery cell from spreading to other cells within a batter

Dec 3, 2025By Nam Hyun-woo
Samsung SDI seeks edge in gov’t ESS project bid with safety recognition

Johns Hopkins to host US-Korea biotechnology forum in Songdo

Johns Hopkins University in the United States will host a bio forum in Incheon on Thursday, seeking ways for government agencies, companies and scholars in Korea and the U.S. to collaborate on the future of the bio industry. The prestigious university in Baltimore, Md., will launch the “Johns Hopkins Global Biotechnology Innovation Summit” in Songdo, Incheon. The forum will explore how to apply biotechnology to global industries through bilateral cooperation. Core topics include organoids and micro-physiological systems, AI-based drug development, high-precision medical research, biomanufacturing and industrialization, global models for industry–academia–research collaboration and investment strategies for bio startups. Faculty members from Johns Hopkins, Harvard University and the University of Cambridge will join the forum. Heads of state-run research institutes, senior executives from global pharmaceutical and biotech firms and representatives from venture capital companies will also attend. The forum is jointly organized by Korean government agencies, including the Incheon Fr

Dec 3, 2025By Ko Dong-hwan
Johns Hopkins to host US-Korea biotechnology forum in Songdo

'KPop Demon Hunters’ sweeps YouTube year-end charts

Netflix’s smash-hit animation “KPop Demon Hunters” has dominated YouTube Korea’s 2025 year-end charts, cementing its status as the phenomenon of the year as its soundtrack and related fan content have taken center stage on the platform since the movie’s June release. YouTube Korea on Wednesday announced four year-end lists for 2025: Trending Topics, Top Creators, Top Songs and Top Songs on Shorts, focusing on topics that either newly surfaced this year or recorded sharp spikes in user interest in the country. For trending topics, three K-content titles — “KPop Demon Hunters,” “When Life Gives You Tangerines” and “Squid Game” — made the list. “KPop Demon Hunters” and “Squid Game” in particular also appeared on most countries’ trending topic lists, reflecting the global influence of Korean entertainment on the platform. Along with those three titles, the chart included K-pop newbies Allday Project and Hearts2Hearts, and games such as Roblox and Mabinogi. The impact of “KPop Demon Hunters” is most visible in the music charts, with three of its soundtr

Dec 3, 2025By Lee Gyu-lee
'KPop Demon Hunters’ sweeps YouTube year-end charts

FTC may look into Coupang’s massive data leak scandal

The Fair Trade Commission (FTC) may soon launch an investigation into Coupang’s massive data leak scandal in coordination with a consumer protection agency, as hundreds of thousands of affected users prepare to file a class action lawsuit, its officials said Wednesday. The incident has escalated into a full-blown social controversy after it was confirmed that the personal data of approximately 33.7 million Coupang customers was leaked starting in June. The antitrust watchdog is not the primary authority handling the latest scandal, but it signaled the possibility of intervening after some victims filed for dispute resolution with the Korea Consumer Agency, a quasi-governmental organization under the FTC. “The FTC’s basic stance is that we can indirectly look into the incident if the affected customers bring the case to the consumer agency,” an FTC official said. If the consumer agency requests assistance, the watchdog and the agency will jointly launch an investigation into Coupang, according to the official. With the largest-ever data leak scandal showing no signs of abating, cal

Dec 3, 2025By Lee Min-hyung
FTC may look into Coupang’s massive data leak scandal

LG affiliates to highlight AI-powered home, driving innovations at CES 2026

Electronic parts maker LG Innotek and electronics giant LG Electronics have set their sights on the world’s largest electronics exhibition show in Las Vegas next month to showcase their latest technologies for driving and home improvement. LG Innotek has shortlisted its artificial intelligence (AI) technologies for autonomous and electric vehicles (EV) for CES 2026, scheduled for Jan. 6 to 9. LG Electronics, redefining AI as “affectionate intelligence,” plans to show how its products can connect consumers with convenience-boosting appliances at home and public spaces. LG Innotek on Wednesday said it will exhibit its 35 new future mobility solutions. Instead of displaying each product separately during the exhibition, the company will prepare two life-size mock-ups, each representing an autonomous vehicle and an EV, and will simulate all the solutions in them. Attendees can ride in the mock-ups and experience each solution, according to the company. LG Innotek has developed solutions to meet the growing global demand for AI-defined vehicles (ADVs). Each new technology integrates bo

Dec 3, 2025By Ko Dong-hwan
LG affiliates to highlight AI-powered home, driving innovations at CES 2026
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