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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.

LG Chem bets $9.7 bil. on semiconductors, mobility, robotics materials

LG Chem will be investing 15 trillion won ($9.74 billion) in research and development through 2035 as the company pivots toward artificial intelligence (AI)-driven growth areas, including semiconductors, mobility and robotics. During the company’s town hall meeting on Monday, CEO Kim Dong-choon outlined the strategy to sharpen its portfolio around four core future pillars: semiconductor, mobility and robotics materials and oncology drugs, aiming for a double-digit operating margin by 2030. The move comes as profitability in traditional petrochemical businesses weakens amid global oversupply and intensifying competition. Under the plan, the company will allocate about 70 percent of the investment to strategic sectors, including semiconductor, mobility and robotics materials, while accelerating efforts to secure leading technologies and new AI-enabled applications. To speed up execution, the company has already established a CEO-led new business development unit this month. “LG Chem will strengthen the competitiveness of its existing businesses while concentrating resources on future gr

Jun 23, 2026By Lee Gyu-lee
LG Chem bets $9.7 bil. on semiconductors, mobility, robotics materials

Samsung unveils industry’s 1st UFS 5.0 memory optimized for on-device AI

Samsung Electronics unveiled its latest universal flash storage (UFS) 5.0 solution on Tuesday, targeting surging demand for faster and more power-efficient storage as artificial intelligence (AI) workloads increasingly shift from the cloud to on-device processing. The development comes as generative AI applications become increasingly capable of running directly on devices, driving a sharp increase in the volume of data handled locally and transforming storage from a simple data repository into critical infrastructure for AI workloads. The company said its UFS 5.0 sets a new benchmark for mobile memory, with improved performance expected to cut latency and speed up response times for large language models running on-device. “In the era of on-device AI, storage devices are evolving into a key driver defining AI experiences,” said Choi Jang-seok, Samsung Electronics’ head of memory product planning. “As we successfully move beyond the development stage of the industry’s first UFS 5.0 solution, Samsung is setting a new standard for storage on the go and will continue to drive inno

Jun 23, 2026By Lee Gyu-lee
Samsung unveils industry’s 1st UFS 5.0 memory optimized for on-device AI

OpenAI lands Samsung as major ChatGPT Enterprise customer

OpenAI is set to supply its chatbot ChatGPT Enterprise and its artificial intelligence (AI) coding agent Codex to Samsung Electronics employees worldwide as part of the Korean tech giant's companywide push to accelerate its AI transformation. Under the deal, the services will be available to all employees in Korea and to staff across the company’s Device eXperience (DX) Division worldwide. The agreement marks a significant expansion of OpenAI’s enterprise footprint, positioning Samsung among its largest global customers. Samsung plans to embed the generative AI tools across a wide range of functions, including software development, marketing, product design and manufacturing, to boost productivity and strengthen problem-solving capabilities. “This deployment is significant in OpenAI’s history because Samsung, a global technology and manufacturing leader, is adopting AI not as a tool specific for certain teams or tasks but as a core platform to enhance the way employees work and innovate across the organization,” OpenAI Korea General Manager Kim Kyoung-hoon said. “OpenAI will w

Jun 22, 2026By Lee Gyu-lee
OpenAI lands Samsung as major ChatGPT Enterprise customer

Korean battery makers accelerate push into US ESS market

Major battery makers are ramping up efforts to expand in the U.S. energy storage system (ESS) market, driven by surging demand from artificial intelligence (AI) data centers and a shift away from Chinese supply chains, as they seek to offset slowing electric vehicle (EV) demand. The pivot comes as EV demand weakens due to reduced subsidies, high interest rates and intensifying competition, prompting LG Energy Solution, Samsung SDI and SK On to repurpose some EV battery production capacity for stationary energy storage. According to BloombergNEF, the U.S. ESS market is projected to grow from 51 gigawatt-hours (GWh) in 2023 to 485 GWh by 2030 and 976 GWh by 2035. Especially with the Trump administration’s One Big Beautiful Bill Act tightening restrictions on Chinese battery components in projects seeking investment tax credits, developers have accelerated efforts to diversify supply chains, creating fresh opportunities for manufacturers with North American production capacity. LG Energy Solution is moving aggressively to capitalize on the shift. The company operates five ESS manufacturin

Jun 21, 2026By Lee Gyu-lee
Korean battery makers accelerate push into US ESS market

SK hynix ships 12-high HBM4E samples to customers

SK hynix said Thursday it has shipped samples of high-bandwidth memory 4E (HBM4E) for next-generation artificial intelligence (AI) processors to major customers. The company said it delivered 12-high HBM4E samples on schedule, and will work closely with partners for mass production “in a timely manner.” HBM4E is the seventh generation of HBM, a high-performance DRAM designed for rapid data processing and used in graphics processing units (GPUs) and other AI accelerators that require massive computing power. The previous version, HBM4, is set to be used for Nvidia’s Vera Rubin AI supercomputer, which will be released in the third quarter. HBM4E is also expected to be used for Vera Rubin Ultra platform next year. SK hynix said the 12-high HBM4E delivers improvements in both performance and power efficiency. The product offers a maximum data transfer speed of 16 gigabits per second (Gbps) per pin and more than 20 percent higher power efficiency compared to previous models. The HBM4E reduces data transfer latency through its latest interface and design optimization while maintaining sta

Jun 18, 2026By Nam Hyun-woo
SK hynix ships 12-high HBM4E samples to customers

Anthropic opens Seoul office to expand ties with Korean AI ecosystem

U.S. artificial intelligence (AI) firm Anthropic opened its Seoul office on Wednesday, as the operator of Claude seeks to expand its ties with Korea’s AI ecosystem. “Korean companies and institutions recognize innovation and safety as goals that must go hand in hand, not a contradicting value,” Anthropic Korea Representative Director Choi Ki-young said during a press conference. “Various organizations in the country are using Claude to create positive changes in the lives of millions of people around the world, and the opening of the Seoul office reflects our commitment to build a long-term foundation for collaboration with those leading Korea’s AI ecosystem.” Choi, who joined Anthropic two weeks ago, is a seasoned expert in Korea’s digital infrastructure industry, having served in leadership roles at Google Cloud, Microsoft Korea, Adobe and Snowflake. Anthropic International Managing Director Chris Ciauri said Anthropic believes its ultimate responsibility is AI safety, aligning the company with the Korean government and its AI Framework Act, a law designed to address risk

Jun 18, 2026By Nam Hyun-woo
Anthropic opens Seoul office to expand ties with Korean AI ecosystem

IITP recognizes domestic AI chip ecosystem growth as Korea's top R&D achievement

The growth of Korea’s domestic artificial intelligence (AI) chip ecosystem is recognized as the country’s top research and development achievement in the field of information technology, the Institute of Information & Communications Technology Planning & Evaluation (IITP) said Wednesday. During a media conference, IITP, the policy-planning and management arm of the Ministry of Science and ICT, selected Korean firms’ improved presence in AI computing infrastructure, AI model developments, expanded AI transformation and nurturing researchers as noteworthy policy achievements. "Research and development, along with talent cultivation, are key drivers of Korea's competitiveness in AI and ICT," IITP President Hong Jin-bae said. "We will further strengthen our performance-oriented R&D support system to ensure that the AI and information and communication technology achievements accumulated over the years translate into industrial growth and tangible benefits for people's lives." Since 2020, the government has been making R&D investment worth over 470 billion won ($310.7 million) in the f

Jun 17, 2026By Nam Hyun-woo
IITP recognizes domestic AI chip ecosystem growth as Korea's top R&D achievement

Hyosung launches hyperscale AI data center in Seoul

Hyosung Group is expanding its push into artificial intelligence (AI) infrastructure with the launch of a hyperscale data center in Seoul, marking its entry into Korea’s fast-growing data center market. The company announced Wednesday that Hyosung-STT GDC, a joint venture between Hyosung Heavy Industries and Singapore-based operator ST Telemedia Global Data Centres (STT GDC), opened STT Seoul 1, a 30-megawatt data center, in Geumcheon District, Seoul, the previous day. Designed to support cloud and AI workloads, the new facility combines Hyosung’s power infrastructure expertise with STT GDC's global standards in data center design, operation and service management. The facility is capable of accommodating increasingly power-intensive and high-density computing environments driven by generative AI applications. The company explained that one of the center's biggest advantages is its location in Seoul, where securing large-scale power capacity has become increasingly difficult due to energy regulations and grid constraints, providing low-latency connectivity to major business districts

Jun 17, 2026By Lee Gyu-lee
Hyosung launches hyperscale AI data center in Seoul

LG Innotek to co-develop large AI substrate with Big Tech firm

LG Innotek said it is working with a North American Big Tech company to develop large semiconductor substrates for artificial intelligence (AI) applications, with the company expecting "tangible results" by the end of this year. The company announced its substrate business road map during a press conference at its headquarters in western Seoul, Tuesday, noting that it plans to achieve over 1 trillion won ($662.6 million) in annual operating profit from the business by 2031, which is nearly a 10-fold growth compared to last year’s 128.9 billion won. However, it did not disclose the identity of its U.S. partner due to contractual restrictions. During the conference, Cho Ji-tae, head of LG Innotek's Package Solution Business, and Myeong Se-ho, vice president of development for the unit, said the company is developing large flip chip-ball grid array (FC-BGA) substrates and is discussing joint development plans with North American customers. "We are now working with North American customers to jointly develop over-100-body FC-BGA," Cho said. "These are customers that have made financial com

Jun 17, 2026By Nam Hyun-woo
LG Innotek to co-develop large AI substrate with Big Tech firm

Upstage launches AI agent strategy with new ecosystem push

Upstage unveiled an ambitious push into artificial intelligence (AI) agents on Tuesday, launching a new corporate structure that integrates its proprietary models, an agent platform and a major consumer-facing portal service. The startup announced the launch of Upstage Company, a group comprising Upstage and its recently acquired companies, AI agent platform Timely and internet portal Daum’s operator AXZ. The move reflects the company’s strategy to vertically integrate AI models, agent technologies and large-scale user platforms into a single ecosystem as part of its vision of pushing AI for all. “The launch of Upstage Company marks a meaningful first step in connecting, for the first time in Korea, a powerful AI model, agents and a platform used by everyone,” Upstage CEO Kim Sung-hoon said during the company's media day in Yeouido, Seoul. “We will move beyond enterprise AI and usher in an era of AI for everyone.” Central to the strategy is Upstage’s focus on AI agents, in which autonomous and workflow-based agents carry out complex tasks, rather than standalone chatbot ser

Jun 16, 2026By Lee Gyu-lee
Upstage launches AI agent strategy with new ecosystem push
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