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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.

SAP Korea to host AI Tour event focused on autonomous enterprise strategy

SAP Korea will host its annual SAP NOW AI Tour Korea event on July 14 at the Grand InterContinental Seoul Parnas, the enterprise software company said Tuesday. The conference brings together SAP clients, partners and industry tech leaders to explore how artificial intelligence (AI) is transforming core corporate workflows. This year’s program centers on SAP’s Autonomous Enterprise strategy, underpinned by its Business AI Platform and Autonomous Suite — tools designed to leverage decades of corporate data into automated, high-precision operations. Jan Bungert, SAP’s chief revenue officer for Business Data Cloud and Business AI, will deliver the keynote address to outline the multinational’s road map for fully automated business operations. Ha Kyung-nam, a senior executive at SAP Korea, will follow with a presentation on why companies must transition AI from a supplementary tool into a core execution mechanism. The event will feature digital transformation case studies from prominent Korean conglomerates. Highlighting practical applications of SAP's cloud and AI-driven S/4HANA E

Jun 30, 2026By Jhoo Dong-chan
SAP Korea to host AI Tour event focused on autonomous enterprise strategy

Chinese EV makers gain traction in Korea's import car market despite uphill battle

When Choi, a 35-year-old office worker living in Korea, started looking for her next car, she did not expect BYD, a Chinese electric vehicle (EV) brand, to make her shortlist. “I've wanted an electric vehicle, but domestic models are just too expensive,” Choi said, adding that rising fuel prices first sparked her interest in EVs. Her attention later turned to Chinese brands after reading about China's rapid adoption of EVs and how it helped cushion the country from recent oil-price shocks linked to the conflict in the Middle East. “I still have some biases against Chinese products, but with so many people driving them in China, I figured they can't just be cheap junk,” she said. “They’ve probably spent years developing the technology and gone through plenty of trial and error.” Choi’s case reflects a subtle shift underway: Chinese EV makers are stepping up their presence in Korea, one of the world’s most competitive automotive markets, and are now gaining traction. The push comes as Chinese-made vehicles overtook Japanese brands in Korea’s import market for the first t

Jun 30, 2026By Yulu Ao
Chinese EV makers gain traction in Korea's import car market despite uphill battle

Lotte to launch Korea-Japan food joint venture in Singapore to spearhead Asia expansion

Lotte Group will launch a joint venture in Singapore early next month to integrate the Asian operations of its Korean and Japanese food businesses, marking a major step in Chairman Shin Dong-bin's "One Lotte" strategy aimed at strengthening the group's global competitiveness. The new company, jointly established by Lotte Wellfood of Korea and Japan's Lotte Confectionery, has already secured board approval from both companies, as well as clearance from the relevant competition authorities. Shin Yu-yeol, head of Lotte Holdings' future growth division, will serve as chairman of the joint venture's board and oversee the group's overseas food business strategy and cross-border synergies. The joint venture represents one of the most tangible outcomes of Shin's long-standing effort to deepen cooperation between the group's Korean and Japanese affiliates. Shin has regularly chaired "One Lotte Food Strategy Meetings," urging closer collaboration to build a stronger global presence as growth in the domestic markets of both countries slows. Under the strategy, the two companies have expanded coope

Jun 30, 2026By Nam Hyun-woo
Lotte to launch Korea-Japan food joint venture in Singapore to spearhead Asia expansion

Hyundai Motor set to open advanced service center in Gyeonggi Province

Hyundai Motor Co. said Tuesday it will open a new vehicle service center in Gyeonggi Province this week, featuring automated maintenance systems to improve service efficiency and diagnostic capabilities. The Suwon Hi-Tech Center, located in Yongin, just south of Seoul, spans 51,497 square meters of total floor space across two basement levels and five above-ground floors. The company held an opening ceremony at the facility one day ahead of its official launch Wednesday. The center is Hyundai Motor's first to showcase a smart mobility-based automated maintenance system, designed to improve servicing efficiency and reduce customer waiting times. To automate parts logistics, the facility deploys autonomous mobile robots, guided vehicles and case robots, while an unmanned vehicle lift system transports vehicles to maintenance bays. Hyundai's remote diagnosis service platform analyzes vehicle data before customers arrive, enabling technicians to prepare for repairs in advance. The center also strengthens Hyundai's data-driven diagnostic capabilities, operating data and noise, vibration and har

Jun 30, 2026By Yonhap
Hyundai Motor set to open advanced service center in Gyeonggi Province

Samsung, partner firms sign agreement for mutual growth

Samsung Group companies signed a comprehensive agreement with their partner companies to promote mutual growth, laying the foundation for more practical cooperation with vendors and a more resilient supply chain. During a signing ceremony at Samsung Electronics’ headquarters in Suwon, Gyeonggi Province, leaders of 11 Samsung affiliates and their key partner firms promised to pursue mutual growth. Participating Samsung firms include Samsung Electronics, Samsung Display, Samsung Electro-Mechanics, Samsung SDI, Samsung SDS, Samsung C&T, Samsung Heavy Industries, Samsung E&A, Cheil Worldwide, Shilla Hotel and Semes. "Samsung could not have achieved its current standing without the hard work, dedication and commitment of its partner companies," Samsung Electronics CEO Roh Tae-moon said. "As partners with a shared future, we will build a stronger partnership based on mutual growth and work to ensure its benefits extend to second- and third-tier suppliers." Under the agreement, Samsung affiliates pledged to expand communication channels with partner companies and review the effectiveness of th

Jun 29, 2026By Nam Hyun-woo
Samsung, partner firms sign agreement for mutual growth

CU in China: Why South Korean retail giant is adopting 'online first' strategy

South Korean convenience store giant CU has been testing the waters in China with a limited online trial operation, marking a different approach from other multinational brands that bet big on physical outlets. The brand, operated by BGF Retail which has around 18,600 stores in South Korea, is being cautious to start with. Together with its Chinese partner Ningshing Ubay, it is only selling 11 products on e-commerce platform Tmall under Alibaba Group, which also owns the South China Morning Post. Analysts said the "online-first, private-label-driven" business model was meant to avoid head-on confrontation with rivals in China's highly competitive e-commerce market but also guarantee access to the world's second-largest consumer market. "If consumers maintain interest, a deeper strategy can follow," said Chen Bo, a marketing professor at Sungkyunkwan University in Seoul. If not, the approach can easily shift as selling products online first is a lower-risk way to test demand, he added. German supermarket chain Aldi tested the Chinese market in a similar way in 2017 through an online store

Jun 29, 2026By SCMP
CU in China: Why South Korean retail giant is adopting 'online first' strategy

Fried chicken chain bhc expands US footprint with first Virginia restaurant

Korean fried chicken giant bhc is planting its flag in one of the Washington metropolitan area’s busiest commercial hubs, anchoring its latest push into the United States with its first Virginia location. The chain, operated by Dining Brands Group, said Monday it opened its Arlington location in the Ballston neighborhood of Arlington County, marking its debut in Virginia as the company continues to broaden its North American presence. The restaurant is located near offices, residential complexes, shopping centers and recreational facilities, with convenient access to the Ballston-MU Metro station. The company said the area, which borders Washington across the Potomac River, attracts a steady mix of office workers, residents and visitors, making it a strategic location for growth. The approximately 169-square-meter restaurant offers full-service dining with 32 seats across 15 tables. Its menu has been tailored to local dining preferences, featuring wing- and tender-based combo meals, chicken sandwiches, Crispy Bun sandwiches, cheese balls and fries. Reflecting the popularity of dipping sa

Jun 29, 2026By Lee Kyung-min
Fried chicken chain bhc expands US footprint with first Virginia restaurant

Naver Pay adds facial recognition service for faster airport departures

Travelers departing from Incheon International Airport can now clear key checkpoints with a face scan through the Naver Pay app, as the digital payments platform expands its biometric services ahead of the peak summer travel season. Naver Pay said Monday it has launched Smartpass, the airport's facial recognition departure service, allowing eligible travelers to pass through departure checkpoints and participating boarding gates without presenting their passport or boarding pass. The service enables users to register their facial information, passport and boarding pass in advance through the Naver Pay app. After the initial registration, travelers only need to upload their boarding pass before departure to use the service. The feature is integrated with Naver Pay's facial authentication service, Facesign. Users who have already enrolled in Facesign would only need to register their passport and boarding pass to activate Smartpass. The service is available to Korean nationals ages 7 and older, with parental or legal guardian consent needed for children ages 7 to 14. Once registration is comp

Jun 29, 2026By Lee Kyung-min
Naver Pay adds facial recognition service for faster airport departures

Korea Airports Corp. partners with TMAP to streamline airport parking

The Korea Airports Corp. (KAC) launched a real-time vacant parking spot guidance service Monday at Gimhae International Airport and Cheongju International Airport, using TMAP, Korea's leading mobile navigation platform. The service covers the P1 and P2 outdoor lots at Gimhae — also known as Busan's main airport — and the second passenger parking lot at Cheongju. Drivers using TMAP are automatically switched to a "parking mode" upon entering a lot, displaying live availability data without requiring any additional app installation. KAC developed the data system last year, processing and standardizing vacant-spot information collected through CCTV cameras, LiDAR scanners and ultrasonic sensors already installed across its airport parking facilities. This year, it partnered with T-MAP Mobility — the SK Telecom affiliate that operates the TMAP platform — to integrate that data directly into the navigation app. The service is the first of its kind among Korean public airports and represents a public-private data-sharing model: a government-owned entity making real-time operational dat

Jun 29, 2026By Jhoo Dong-chan
Korea Airports Corp. partners with TMAP to streamline airport parking

Kakao union stages 1-day walkout after partial strike

Unionized workers at mobile messenger giant Kakao staged a one-day walkout Monday amid prolonged wage negotiations with management. According to Crew Union, which represents Kakao staff, members took part in a "log-off day" campaign, a form of strike in which employees took leave and signed out of the company's internal work platforms, effectively suspending their duties for the day. The walkout involved union members from Kakao and its affiliates, including payment service provider Kakao Pay, cloud computing firm Kakao Enterprise, IT services company dk techin and game developer XLGAMES. The union said approximately 2,100 members participated in the walkout, nearly half of its 5,000 members. Kakao, however, estimated that about 800 employees took part in the strike. Aside from the walkout, the union did not stage separate protests or rallies and said it would not issue a separate statement. The walkout came after 1,500 members of the union staged a four-hour partial strike on June 10, marking the first labor strike in the mobile platform giant's 20-year history. The two sides have been a

Jun 29, 2026By Nam Hyun-woo
Kakao union stages 1-day walkout after partial strike
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