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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 bioscience, Gates Foundation to launch AI-driven vaccine platform

SK bioscience said Thursday it will lead an artificial intelligence (AI) project funded by the Gates Foundation aimed at speeding up decision-making in vaccine development. The Research Optimization & Trial Outcome Recommender (ROTOR) project will build an AI platform that analyzes clinical and scientific data generated during vaccine development to help researchers decide how to advance a candidate vaccine. Global health nonprofit PATH and consulting firm Slalom will also take part, the company said. In drug development, companies typically decide whether to move into large, costly Phase 3 trials based on Phase 2 results. That decision is harder for many vaccines, including rotavirus vaccines, because scientists often lack a reliable biological marker — a correlate of protection — that predicts whether a vaccine will work, or because lab tests produce inconsistent results. SK bioscience said the AI platform is meant to make that process more scientific and reduce costly guesswork. The platform will initially be built and tested using rotavirus vaccine data from SK bioscience and PAT

Jul 2, 2026By Jhoo Dong-chan
SK bioscience, Gates Foundation to launch AI-driven vaccine platform

HD Hyundai Electric lands $720 mil. power deal with global Big Tech firm

HD Hyundai Electric has secured a power infrastructure supply agreement worth up to 1.12 trillion won ($720 million) with a global Big Tech company, strengthening its foothold in the fast-growing North American data center market as artificial intelligence (AI) fuels surging demand for electricity infrastructure. Under the long-term framework agreement, HD Hyundai Electric will supply distribution equipment worth 553.9 billion won and high-voltage equipment worth 567.3 billion won to data centers under construction across North America through 2028. Individual purchase orders will be issued in phases according to the customer's construction schedule. The deal is significant because it goes beyond supplying individual products, covering an integrated package of power infrastructure equipment required to operate large-scale data centers. The company will provide both distribution equipment, which safely distributes electricity throughout a facility, and high-voltage equipment, which regulates voltage and ensures efficient transmission and distribution of electricity. Supplying both produc

Jul 2, 2026By Lee Gyu-lee
HD Hyundai Electric lands $720 mil. power deal with global Big Tech firm

Olive Young to launch inaugural K-beauty festival in LA

CJ Olive Young, Korea's largest health and beauty retailer, said Thursday it will debut its signature Olive Young Festa in Los Angeles this August, marking the company’s first large-scale experiential beauty festival in the United States. The festival will run from Aug. 14–16 at the Los Angeles Convention Center, anchoring itself to KCON LA 2026 to capitalize on the massive influx of international K-pop and pop culture enthusiasts. The move marks an aggressive acceleration of Olive Young's global retail strategy. It follows the debut of the company's first physical U.S. location in May, as well as a highly successful market test through a sister festival in Japan that same month. Held under the theme "The K-Beauty Playground Festival," the roughly 4,700-square-meter, or about 50,000-square-foot, space will feature 55 Korean beauty and lifestyle brands. At its center will be a mock Olive Young store showcasing best-selling products, surrounded by four zones styled after Seoul shopping districts popular with tourists —Hongdae, Myeongdong, Seongsu and Gangnam — with Korean-language

Jul 2, 2026By Jhoo Dong-chan
Olive Young to launch inaugural K-beauty festival in LA

Genesis BBQ debuts in India's chicken dining scene

Global fried chicken restaurant franchise company Genesis BBQ has debuted in India, opening two locations in the southern city of Bengaluru. The company said Thursday its HSR Layout and Koramangala branches opened on June 26 through its partnership with a local company under a master franchise deal. Genesis BBQ said it will expand its Indian market to other cities, including Hyderabad, Chennai and Vellore. Bengaluru, according to Genesis BBQ, is one of India’s hubs for IT and startups, along with young consumers. HSR Layout is in a premium commercial district and in the vicinity of IT business districts, including Electronic City, Sarjapur Road and Outer Ring Road. The company said the area also has a large population of those in their 20s to 40s with high incomes. Koramangala is nestled in the largest dining and commercial hub in Bengaluru, according to the Korean firm. A variety of global dining brands and trendy restaurants are concentrated in the area, which made it an ideal location for Genesis BBQ to promote itself to local consumers. Both stores will operate as quick-service rest

Jul 2, 2026By Ko Dong-hwan
Genesis BBQ debuts in India's chicken dining scene

Hyosung wins $200 mil. power equipment deal in Australia

Hyosung Heavy Industries has secured a power equipment supply contract worth 310 billion won ($200 million) with Australia's AusNet, strengthening its position as a key supplier in one of the world's fastest growing energy transition markets. The company said Thursday that it signed a five-year agreement with AusNet, the sole transmission network operator in the state of Victoria, to exclusively supply Hyosung’s ultra-high-voltage transformers, reactors and other critical power equipment for the region's transmission grid. The deal marks another major win for Hyosung in Australia, following the 142.5 billion won energy storage system project it secured in Queensland in March. With projects spanning Victoria, Queensland, New South Wales and South Australia, the company has further solidified its standing as a top-tier supplier across the country. Under the agreement, Hyosung will provide ultra-high-voltage power equipment to support Australia's expanding transmission infrastructure, as the country accelerates its transition toward renewable energy. The company currently holds the largest

Jul 2, 2026By Lee Min-hyung
Hyosung wins $200 mil. power equipment deal in Australia

Classiq, QAI sign partnership to launch Korea's 1st quantum cloud service

Classiq Technologies, an Israeli quantum software firm, and Korean data center operator QAI have signed a multiyear agreement to launch the country’s first locally operated "Quantum-as-a-Service" platform. The cloud-based model will allow Korean businesses to rent quantum computing power instead of building expensive, proprietary hardware. The deal pairs Classiq's software platform, which converts high-level program designs into code that can run on different types of quantum computers, with QAI's domestic data center infrastructure. The companies said the combination will let Korean companies, government agencies and researchers test and run quantum computing applications without deep technical hardware expertise. QAI will operate the service under its own brand and handle sales and customer support in Korea, while Classiq will provide technical backing, the companies said. They also plan to address data sovereignty and security requirements sought by Korean public institutions, and to pursue joint marketing and engineer training programs. "Quantum computing will not flourish through h

Jul 2, 2026By Jhoo Dong-chan
Classiq, QAI sign partnership to launch Korea's 1st quantum cloud service

Samsung, SK hynix to build HBM packaging fabs in Chungcheong region as part of $252.5 bil. in total investment

An industrywide 392 trillion-won ($252.5 bil.) investment will be injected into the central Chungcheong area, including high bandwidth memory (HBM) fabs and packaging facilities by Samsung Electronics and SK hynix, as part of the government's drive to spread artificial intelligence (AI)-led growth, the industry ministry said Thursday. It is a follow-up plan to the government's tripolar mega projects, unveiled by President Lee Jae Myung earlier this week, aimed at advancing technologies across the country and turning Korea into an industrial powerhouse in the emerging AI era. According to the Ministry of Trade, Industry and Resources, Samsung Group pledged to invest a total of 140 trillion won in Chungcheong Province to build an HBM fab and packaging facility by Samsung Electronics, as well as an organic light-emitting diode and next-generation display production line by Samsung Display. Samsung Electro-Mechanics will construct high-performance package substrate facilities for AI servers and Samsung SDI will build an advanced battery manufacturing factory. Samsung Group expects the invest

Jul 2, 2026By Yonhap
Samsung, SK hynix to build HBM packaging fabs in Chungcheong region as part of $252.5 bil. in total investment

Hanwha Ocean picked as preferred bidder for $5.1 bil. Navy destroyer project

Hanwha Ocean Co. said Thursday it has been selected as the preferred bidder for Korea's next-generation Navy destroyer project worth 7.8 trillion won ($5.1 billion). In a regulatory filing, Hanwha Ocean said the state-run Defense Acquisition Program Administration (DAPA) notified the company of the selection on Wednesday. Hanwha Ocean beat rival HD Hyundai Heavy Industries Co. to lead the Korea Destroyer Next Generation (KDDX) program, which aims to build six next-generation destroyers using domestically developed technologies. The envisioned 6,000-ton-class Aegis destroyers are expected to become one of the Navy's core strategic assets, offering capabilities comparable to those of the 7,100-ton King Sejong the Great-class Aegis destroyers, currently the service's most powerful warships. Thursday's announcement caps a grueling two-year delay for the KDDX project that had been locked in a fierce legal dispute between the two rivals. The dispute erupted after several HD Hyundai employees were convicted between 2022 and 2023 for stealing Hanwha's initial KDDX conceptual designs. The breach pr

Jul 2, 2026By Yonhap
Hanwha Ocean picked as preferred bidder for $5.1 bil. Navy destroyer project

6 carmakers to recall over 146,000 vehicles due to faulty parts

Hyundai Motor Co., BYD Korea, Mercedes-Benz Korea and three other automakers will voluntarily recall more than 146,000 vehicles in Korea to fix defective components, the transport ministry said Thursday. The six companies, which also include Volvo Car Korea, Jaguar Land Rover Korea and Stellantis Korea, will recall a combined 146,505 vehicles across 38 models, according to the Ministry of Land, Infrastructure and Transport. Hyundai Motor will recall 54,792 units across two models, including the Tucson, after software errors in the instrument cluster control system were found to cause the display to flicker or shut off. Chinese automaker BYD will bring in 18,091 units across six models, including the SEALION 7, because the seat belt reminder warning may be obscured by other notifications. Mercedes-Benz Korea is summoning 2,113 units of the C 300 4MATIC over durability issues in the steering wheel electronics control circuit. Volvo Korea is calling for 55,405 units across seven models to undergo preventative maintenance, including the XC60, because of a durability issue involving a componen

Jul 2, 2026By Yonhap
6 carmakers to recall over 146,000 vehicles due to faulty parts

Hyundai Motor’s Namyang R&D Center drives software-defined vehicle transformation

HWASEONG, Gyeonggi Province — Inside a dimly lit studio at Hyundai Motor Group’s Namyang R&D Center, a researcher sits in a carbon-fiber cockpit surrounded by a massive 270-degree curved screen. As he hits the accelerator, the simulated road rushes past, and the entire rig tilts and vibrates, mimicking subtle asphalt textures of a real test track. Building countless physical prototypes for every design iteration is no longer viable. Instead, Hyundai Motor relies on a high-performance driving simulator operating on a six-degrees-of-freedom (6DOF) motion system. The simulator translates linear and rotational movements — including roll and pitch — into an ultra-realistic driving experience. To achieve maximum fidelity, the carmaker scanned its Namyang proving grounds down to the millimeter, capturing specific slopes, speed bumps and surface roughness. To prevent massive rendering files from lagging, the company deployed a world-first "Terrain Server" system that streams topographical data in real time based on the virtual car’s location. The simulator is highly versatile. Researcher

Jul 2, 2026By Lee Min-hyung
Hyundai Motor’s Namyang R&D Center drives software-defined vehicle transformation
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