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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.

Naver to confirm plan to acquire leading crypto exchange operator Dunamu at board meeting next week: sources

Naver is expected to confirm its plan to acquire Dunamu, the operator of Upbit, Korea's largest cryptocurrency exchange, at its board meeting planned for next week, industry sources said Wednesday. Dunamu also plans to hold a board meeting on Nov. 26 to confirm the details of the plan, according to the sources familiar with the matter. Naver is said to be pushing for a comprehensive stock swap through its fintech subsidiary, Naver Financial, to make Dunamu a wholly owned subsidiary, a move aimed at expanding its business in the digital finance sector. In detail, the two firms are expected to launch a won-backed stablecoin project, along with other digital finance initiatives, a move that could reshape Korea's digital finance landscape, once the integration is finalized. After the two companies confirm the plan at their respective board meetings next week, they must get an approval at a shareholders' meeting to officially start integration procedures. Once the acquisition is finalized, Naver Financial's largest shareholder will likely become Dunamu Chairman Song Chi-hyung, with Naver as th

Nov 19, 2025By Yonhap
Naver to confirm plan to acquire leading crypto exchange operator Dunamu at board meeting next week: sources

New gov’t AI for farmers to hike earnings by 20%: RDA

The Rural Development Administration (RDA) on Wednesday announced an ambitious plan to boost the incomes of the country’s 2 million farmers by 20 percent through cost reductions and increased sales, enabled by its upcoming artificial intelligence (AI)-driven comprehensive services. The measure comes as the country has witnessed major crises across agricultural sectors, such as climate change, an aging workforce and population declines in rural communities. To launch the new AI network and its related public services by 2030 for the benefit of rural regions, the research arm of the Ministry of Agriculture, Food and Rural Affairs said it will expand its existing computing infrastructure by increasing cloud storage and introducing a new supercomputer. RDA Administrator Lee Seung-don said during a press conference in Sejong that the new AI initiative now under development will not only raise earnings but also reduce the risk of agricultural accidents by 20 percent. He added the initiative will also reduce the conventional timelines for deployment of new technologies across the sector by 3

Nov 19, 2025By Ko Dong-hwan
New gov’t AI for farmers to hike earnings by 20%: RDA

LS Cable, LS Eco Energy expand global data center power network supply to tech giants

LS Cable & System and LS Eco Energy are rapidly expanding their footprint in the global data center power infrastructure market with a series of major contract wins with tech giants in the United States and Southeast Asia amid the rise in global investment in power for data center infrastructure. The companies have shown notable performance in sales of bus ducts, which is a key equipment used to supply large-scale power for data centers. LS Cable & System, the leading bus duct supplier in Korea, operates its supply chain with both its domestic factories as well as LS Eco Energy’s plant in Vietnam. In early November, LS Cable & System inked a three-year frame agreement with a leading U.S. tech company, which is expected to be worth over 500 billion won ($341 million). The actual supply volume may grow, considering that the U.S. company continues its global data center expansion. LS Eco Energy is continuing to build its presence in Southeast Asia, recently supplying high-capacity bus ducts to a 50 megawatt hyperscale data center project in Indonesia. This is one of the largest ongoing d

Nov 19, 2025By Lee Gyu-lee
LS Cable, LS Eco Energy expand global data center power network supply to tech giants

LG, LSEG launch AI-powered equity forecast service

LG and the London Stock Exchange Group (LSEG) have jointly developed an AI-powered equity forecast score service that applies large-scale financial data and advanced machine learning to deliver faster and more accurate market predictions and risk assessments. The new service was created through a collaboration between LG AI Research and LSEG, combining LG’s AI technologies with LSEG’s extensive financial datasets to provide a next-generation tool for equity forecasting. “LSEG is all about raw data, raw infrastructure and cloud-based solutions … and LG AI Research has a large amount of intellectual capital,” Arman Sahovic, LSEG head of front office solutions APAC, said during a seminar to introduce the service at the British Embassy in Seoul, Tuesday. “So this partnership makes sense. It fundamentally combines the underlying data that we have with the modeling, AI techniques and EXAONE large language model that LG AI research brings forward.” The AI-powered equity forecast score delivers investment insight through two essential outputs: a numerical score that predicts the ex

Nov 19, 2025By Lee Gyu-lee
LG, LSEG launch AI-powered equity forecast service

Korea, China, Japan to discuss cooperation in biohealth, science in annual conference

An annual conference on economic and technological exchanges among South Korea, China and Japan kicked off this week, with this year's focus on trilateral cooperation in biohealth, science and technology, the industry ministry said Wednesday. The 23rd Yellow Sea Rim Economic and Technological Exchange Conference is scheduled to run for three days through Thursday in the central city of Daejeon, bringing together some 300 officials from the governments, companies and economic associations of the three countries, according to the Ministry of Trade, Industry and Resources. This year, attendees will exchange views on trilateral cooperation in biohealth, science and technology, as well as broader business collaborations as part of efforts to promote economic growth of the region, the ministry said. On the sidelines of the event, the three countries also plan to hold a business conference where companies can explore business and investment opportunities in each others' markets.

Nov 19, 2025By Yonhap
Korea, China, Japan to discuss cooperation in biohealth, science in annual conference

Nvidia’s upcoming earnings to sway Korean chipmakers’ strategy

The global tech industry is paying keen attention to Nvidia’s upcoming earnings report, as it is expected to be the bellwether for Samsung Electronics, SK hynix and other domestic semiconductor firms’ strategies for expanding their capacity. Industry officials say the announcement will be crucial to verifying whether the current investment frenzy over artificial intelligence (AI) is overhyped. Depending on the announcement, the current cash flow between Nvidia and hyperscale data center operators could be affected, potentially leading chipmakers to review the pace of their fab expansion plans. U.S.-based Nvidia is set to announce its 2026 third quarter earnings on Wednesday (local time) after the close of markets. Analysts are anticipating $55.2 billion in revenue, up 57 percent year-on-year, with an adjusted earnings per share of $1.26, up 55 percent from a year earlier. The growth rate is considered a key indicator of the genuine global market demand for AI. In recent months, Nvidia has faced questions over whether expectations have outpaced actual demand and whether the growing s

Nov 18, 2025By Nam Hyun-woo
Nvidia’s upcoming earnings to sway Korean chipmakers’ strategy

INTERVIEW NEOWIZ eyes sustainable success after pivoting to PC, console gaming

BUSAN — When Kim Seung-chul took the helm of NEOWIZ as co-CEO in 2021, the company was facing dire needs for a major shift in its operation. The company was once considered one of Korea’s big three game companies in the 2000s, publishing multiple hit titles while games developed by its own studios achieved noticeable success. In the 2010s, however, the domestic market shifted toward mobile and massively multiplayer online role-playing games (MMORPGs), and many of NEOWIZ’s in-house titles struggled to gain traction, leaving a handful of board game franchises to carry much of the company’s profitability for a long period of time. A turning point came when the company launched its action game, Lies of P, in 2023 and achieved global success. The game did not rely on what had long been considered the traditional formula for Korean games, such as MMORPGs involving large-scale player-vs-player content, pay-to-win system and convoluted storylines that didn’t appeal to a large swath of players. Instead, Lies of P focused on delivering a strong narrative through PC and console platforms a

Nov 18, 2025By Nam Hyun-woo
[INTERVIEW] NEOWIZ eyes sustainable success after pivoting to PC, console gaming

Hyundai Motor launches 1st group-level cyberthreat team: sources

Hyundai Motor Group has created its first group-level cyberthreat response team amid a rise in cybersecurity risks across various industrial sectors, according to industry sources Tuesday. The cyberthreat response team, led by Yang Ki-chang, head of the group's Integrated Security Center, will oversee vulnerability assessments, threat monitoring and incident responses involving cybersecurity across all group affiliates, the sources said. Previously, Hyundai Motor Group units handled cyberattack responses individually. This marks the first time the group has established a centralized team to coordinate cyberdefense efforts. Industry watchers say Hyundai Motor's enhanced cybersecurity measure aims to prevent industrial hacking incidents, reported widely in the telecom industry as of late, from extending into group affiliates, while preparing for long-term risks linked to internet-connected electric vehicles (EVs). Hyundai Motor and Kia, the group's key automotive units, have sharply increased cybersecurity investments in recent years. According to the Korea Internet & Security Agency, the t

Nov 18, 2025By Yonhap
Hyundai Motor launches 1st group-level cyberthreat team: sources

AI startup Hyprnote seeks to redefine enterprise note-taking

While artificial intelligence (AI) tools are quickly reshaping how people take notes and manage information, many organizations still remain hesitant to adopt them because most services require constant online access. This has left hospitals, tech firms and law offices searching for safer alternatives such as on-premise AI. Hyprnote, a Seoul-based startup founded by CEO Cheong Jee-heon and Chief Technology Officer Lee Yu-jong, is seeking to offer an option for such firms through its namesake product Hyprnote. Described as an AI notepad for private meetings, Hyprnote is powered by the company’s offline-capable AI model, HyprLLM. The platform enables enterprises to capture and process workplace data on local devices or within a closed cloud, keeping sensitive information within an on-premise environment. Hyprnote features fully autonomous AI note templates tailored to each work-related meeting, automated analysis and annotation of meeting minutes with referenced sources and customizable AI autonomy levels. It also has advanced support features for scheduling, drafting emails and suggesti

Nov 17, 2025By Lee Gyu-lee
AI startup Hyprnote seeks to redefine enterprise note-taking

Samsung SDS to operate S-Oil’s IT system

Samsung SDS will operate and manage the IT infrastructure and applications of refiner S-Oil starting next year, the Samsung unit said Monday. Samsung SDS CEO Lee June-hee and S-Oil President Ryu Yul signed an information technology outsourcing (ITO) contract during a ceremony at the latter’s headquarters in Mapo District, Seoul, Friday. Under the contract, Samsung SDS will provide operation and management services for the entirety of S-Oil’s IT infrastructure, including its data center and applications, from March next year to 2029. Samsung SDS said it also plans to accelerate S-Oil’s digital transformation by enhancing IT governance and providing customized IT assessments, consulting services and cloud migration support. S-Oil has been operating and managing its data infrastructure and applications separately, but decided to sign the integrated ITO contract with Samsung SDS to enhance its competitiveness. Through the contract, S-Oil seeks to improve its operations as well as set up a digital ecosystem based on strengthened security systems. “The contract is a major step toward S

Nov 17, 2025By Nam Hyun-woo
Samsung SDS to operate S-Oil’s IT system
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