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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.

Daesung Group holds forum to highlight bio innovation in AI era

Daesung Group, an energy and environment conglomerate, held the 2025 Daesung Haegang Science Forum in Seoul on Tuesday, highlighting the latest biotechnology innovations in the era of artificial intelligence (AI). Marking its eighth edition this year, the annual forum explored the theme “Bio-Innovation in the AI Era,” bringing together experts and industry leaders to share their insights on the convergence of AI and biotechnology and their future development trajectory. At the forum, Lee Sang-yup, vice president for research at the Korea Advanced Institute of Science and Technology, delivered a keynote speech under the title “AI for Biological Engineering.” He presented practical strategies and case studies on how AI is being utilized in biological engineering research and development. University of Toronto professor Philip Kim followed with a presentation on protein engineering with AI, while Kakao Healthcare CEO Hwang Hee discussed how AI and big data are driving innovation in digital health care. “The convergence of AI and biotechnology is expected to bring innovative and di

Nov 4, 2025By Nam Hyun-woo
Daesung Group holds forum to highlight bio innovation in AI era

Paris Baguette global head promoted to SPC vice chairman

Major food group SPC on Tuesday announced a leadership reshuffle across its headquarters and subsidiaries, promoting its President Hur Jin-soo to vice chairman. The conglomerate, run by the owner family headed by Chairman Hur Young-in, also promoted Vice President Hur Hee-soo to president. Paris Croissant — a subsidiary operating the global bakery franchise brand Paris Baguette — and other bakery manufacturing affiliates have also appointed new CEOs. Hur Jin‑soo, the eldest of the chairman’s two sons, is expected to further cement his pivotal role in SPC. He will serve as chief strategy officer of Paris Croissant and head of the company’s Global Business Unit. Paris Baguette is the group’s flagship business, having expanded its global presence to 15 countries with 670 stores — including 340 in China and 240 in the United States. He also currently leads the group’s Transformation Office, an internal watchdog committee launched in July. The committee oversees workplace safety and ensures compliance with labor regulations. “The new vice chairman will continue to strengthen

Nov 4, 2025By Ko Dong-hwan
Paris Baguette global head promoted to SPC vice chairman

APR to release Q3 earnings, host online investor presentation Thursday

APR, a major player in the K-beauty industry, is set to release its provisional third-quarter earnings and host an online presentation for investors Thursday. Since its listing on the Korea Composite Stock Price Index (KOSPI) in February 2024, APR has consistently held online presentations alongside each quarterly earnings announcement. This quarter’s presentation will be broadcast live as an audio webcast with simultaneous interpretation in Korean and English. Investors can access the webcast through a pop-up window on APR’s website. English-language materials will also be provided, and a full recording of the webcast will be uploaded afterward to improve transparency and convenience for global investors. The presentation will be led by APR Vice President and Chief Financial Officer Shin Jae-ha, who will discuss the company’s third-quarter performance and provide guidance for the fourth quarter. A Q&A session will be held for Korean investors in attendance.

Nov 3, 2025By Ko Dong-hwan
APR to release Q3 earnings, host online investor presentation Thursday

APR beauty device gives APEC guests glow up

Major cosmetic and beauty tech company APR presented its specially designed beauty devices to guests of the Asia-Pacific Economic Cooperation (APEC) meetings last week, showcasing its technological edge amid the global K-beauty boom. The company said on Monday that the spouses of 21 leaders who attended the Economic Leaders’ Meeting from Friday to Saturday received the Medicube AGE-R Booster Pro Irworobongdo Edition. APR was an official APEC sponsor. The Booster Pro is one of APR’s most popular beauty devices, combining six skin care effects including brightening, improved skin firmness, volume enhancement and pore care. The device features a design created in collaboration with the National Museum of Korea, highlighting the traditional beauty of Korea’s heritage and using designs from the museum's artifacts to modern skincare technology. The device is decorated with designs based on irworobongdo, a Korean folding screen landscape painting style depicting the sun, moon and five mountain peaks. The images symbolize royalty and wishes for a peaceful future. The image is also reproduce

Nov 3, 2025By Ko Dong-hwan
APR beauty device gives APEC guests glow up

Why did Jensen Huang's 'chimaek summit' omit chair of Nvidia's No. 1 Korean supplier?

When Nvidia's CEO Jensen Huang arrived in South Korea, global attention turned to a viral "chimaek" (fried chicken and beer) dinner on Oct. 30, featuring Samsung Executive Chairman Lee Jae-yong and Hyundai Group Executive Chair Chung Euisun. Yet, the spotlight shifted the following day to SK Group, particularly its memory arm, SK hynix, which co-headlined a landmark artificial intelligence (AI) infrastructure deal that analysts have called a strategic win. The question hanging over the spontaneous Gangnam gathering was straightforward: why was SK hynix, Nvidia's largest supplier of high-bandwidth memory (HBM) for AI chips, conspicuously absent? The absence of SK Group Chairman Chey Tae-won from the headline-grabbing "chimaek summit" was less a diplomatic slight than a matter of logistics and timing. Sources familiar with the matter said the dinner was never meant to be a formal "Korea Inc." meeting. Huang himself described it as simply wanting to "eat chimaek with friends," not hold a press conference, and the informal venue could accommodate only a small circle. Moreover, Chey was in fin

Nov 3, 2025By SCMP
Why did Jensen Huang's 'chimaek summit' omit chair of Nvidia's No. 1 Korean supplier?

Company behind 'Baby Shark' hopes to accelerate global growth after IPO: CEO

The Pinkfong Company, the creator behind the mega-hit animation "Baby Shark Dance," hopes to become a global entertainment company by strengthening its content-making capabilities through a stock listing, its chief executive officer (CEO) said Monday. "We are not just an animation studio but a company that builds sustainable content businesses in the global market, utilizing our artificial intelligence (AI) technology and big data," company CEO Kim Min-seok said during a press conference ahead of the company's planned initial public offering (IPO) slated for Nov. 18. "Our KOSDAQ listing will mark the official start of such a transition," he added. Founded in 2010, the Pinkfong Company makes children's content in 25 languages, featuring characters such as Pinkfong, Baby Shark and Bebefinn. It came under the spotlight after the animation "Baby Shark Dance" went viral in 2016, racking up more than 16 billion views on YouTube to date. The Pinkfong Company's chief finance officer, Choi Jung-ho, said the funds raised through the IPO will be invested into developing new intellectual properties a

Nov 3, 2025By Yonhap
Company behind 'Baby Shark' hopes to accelerate global growth after IPO: CEO

HS Hyosung enters battery material sector with Umicore deal

HS Hyosung, a major materials and artificial intelligence (AI) developer, has expanded into the battery materials sector by acquiring a subsidiary of global materials firm Umicore, marking its entry into one of the nation’s key manufacturing industries. The group said Monday that its acquisition of battery anode maker EMM reflects HS Hyosung Vice Chairman Cho Hyun-sang’s initiative to secure “technologies and intelligence assets” essential to the conglomerate’s sustainable growth. HS Hyosung acquired EMM on Friday through an investment worth 120 million euros ($138 million) in Belgium-based Umicore. The Korean firm has also agreed with Umicore to establish a joint venture, which is pending approval from the Belgian government. According to the company, Cho personally visited Umicore’s headquarters several times to meet his timeline for signing the acquisition deal by late October. “Cho participated in numerous overnight meetings with Umicore despite his responsibilities as chair of the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council, which required him to

Nov 3, 2025By Ko Dong-hwan
HS Hyosung enters battery material sector with Umicore deal

Samyang returns to roots with revival of Korea’s 1st instant noodle recipe

Samyang Foods on Monday launched a new instant noodle that ambitiously revives the key recipe of the company’s — and Korea’s — first ramyeon product, Samyang Ramen, which used beef tallow — the same ingredient that once caused its sales to plummet due to unproven rumors and public backlash in 1989. The company’s Vice Chairman Kim Jung-soo said the introduction of the new product, Samyang 1963, is not just another product launch, but a symbolic return to the philosophy of late honorary Chairman Chun Joong-yoon. Chun, who founded the company in 1961 and was Kim’s father-in-law, aimed to provide affordable instant noodles to Koreans amid widespread poverty. Samyang 1963, launched amid a global craze for the company’s Buldak noodles, uses beef tallow to deep-fry the noodles and to make a liquid soup base, which adds what the company described as a “deep, beefy taste” to the broth. The launch comes exactly 36 years after a lawsuit was filed against Samyang Foods for allegedly using a “non-edible” ingredient. Sparked by an anonymous tip to the police, the unfounded rum

Nov 3, 2025By Ko Dong-hwan
Samyang returns to roots with revival of Korea’s 1st instant noodle recipe

Dongwon F&B accelerates global expansion with hallabong iced tea

Dongwon F&B is ramping up efforts for global expansion with the launch of Boseong Hongcha hallabong iced tea — the firm’s new strategic model inspired by Korean traditional culture, the company said Monday. The product is the first new iced tea launched by Dongwon in nearly two years. The Boseong Hongcha iced tea lineups reinterpret tea leaves from Boseong — once presented as royal tribute during the Joseon Dynasty — by blending traditional tea flavors with the modern zero-calorie trend. According to data from NielsenIQ, a consumer market research firm, the lineup maintained its top spot in the local ready-to-drink black tea market in 2024. In September, Dongwon F&B signed a partnership with the Korea Heritage Agency to collaborate on promoting the nation’s cultural heritage in areas such as product packaging and goods development. “We will strengthen our global presence with the flagship iced tea brand and its new product,” an official from the company said. Hallabong is a unique citrus fruit famously associated with the nation’s southern island of Jeju. As Korean custome

Nov 3, 2025By Lee Min-hyung
Dongwon F&B accelerates global expansion with hallabong iced tea

‘Samsung Chairman Lee gave me pocket money’: Barista’s viral post brews a buzz

A barista’s online post about giving a cup of coffee to Samsung Electronics Chairman Lee Jae-yong during the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, North Gyeongsang Province, and receiving 50,000 won ($36) in return has gone viral, drawing hundreds of thousands of views in less than a day. The employee, who was working at an Ediya Coffee location inside Hanwha Resort during the summit, wrote on social media Saturday, “I’ve had many special experiences, but meeting Chairman Lee was the most memorable,” sharing photos of herself with Lee and the 50,000-won bill he handed her. She recalled spotting Lee as he passed by and offering him a cup of coffee. After accepting the drink and thanking her, Lee began to walk away but soon turned back, pulled a 50,000-won bill from his pocket, and gave it to her. “He was so cool, handsome and gentle,” she said. “I’ll frame the money and keep it as a family treasure.” The post quickly spread online, racking up over 340,000 views and 9,000 likes. When one user commented, “The Samsung CEO gave you money from his po

Nov 3, 2025By Hankookilbo
‘Samsung Chairman Lee gave me pocket money’: Barista’s viral post brews a buzz
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