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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 chairman's global reach shapes largest-ever APEC CEO Summit

The upcoming Asia-Pacific Economic Cooperation (APEC) CEO Summit, scheduled in Gyeongju from Tuesday through Friday, is shaping up to be the largest in history, in terms of the number and caliber of speakers, participants and program content. The event is expected to bring together over 1,700 business leaders from the 21 APEC member economies. As attention turns to whether the APEC Economic Leaders’ Summit will yield a breakthrough in global tariff disputes, the gathering of top business and industry figures is also drawing focus for insights into future economic trends. The driving force behind this year’s expanded edition is its host, Chey Tae-won, chairman of SK Group and the Korea Chamber of Commerce and Industry (KCCI). As both chair and head of the organizing committee, Chey has steered the planning and operations of the summit, leveraging his extensive international network and leadership to secure the participation of key global figures. A longtime advocate for the international expansion of Korean companies, Chey also played a leading role in Korea’s bid for World Expo 2030

Oct 27, 2025By Lee Gyu-lee
SK chairman's global reach shapes largest-ever APEC CEO Summit
  • Global LNG leaders gather in Gyeongju to tackle AI-era energy demands

Korea’s AI alliances with global tech giants spotlighted ahead of APEC CEO Summit

As the world transitions to artificial intelligence (AI) technologies, Gyeongju, North Gyeongsang Province, is set to take center stage in the global business community as the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit brings together top business moguls to spotlight AI as a key driver of economic growth. In recent years, Korean businesses have been scrambling to expand their reach into AI, forming partnerships with global tech giants and seeking to play a pivotal role in reshaping the future of industry and trade across the Asia-Pacific. Since 2018, Samsung has rapidly expanded its AI footprint, establishing dedicated research centers around the world, including the United States, Canada, United Kingdom and Russia, while discussing partnerships with U.S. tech giants Google and Microsoft. Samsung deepened its collaboration with Microsoft this year and integrated Microsoft’s generative AI platform, Copilot, into Samsung’s latest lineup of smart TVs, monitors and Galaxy devices, allowing users to access the platform directly through voice or remote commands. Last week, th

Oct 27, 2025By Lee Gyu-lee
Korea’s AI alliances with global tech giants spotlighted ahead of APEC CEO Summit

GS partners with Vercel to drive AI-led workplace innovation

GS Group has teamed up with Vercel, the U.S.-based cloud and artificial intelligence (AI) platform, to accelerate its AI transformation (AX) initiative. The two companies signed a memorandum of understanding for a strategic partnership during Vercel’s Ship AI 2025 conference, held in San Francisco, Thursday (local time). GS Holdings Vice President Kim Jin-a attended the signing ceremony, along with GS Neotek Chief Technology Officer Lee Sang-oh and GS Futures CEO Huh Tae-hong. Vercel's founder and CEO Guillermo Rauch and Chief Operating Officer Jeanne Grosser joined the ceremony. Under the agreement, the two companies will work together to uncover new cases for vibe coding in industrial operations and collaborate on advancing GS’s AX platform, MISO. Vibe coding is an emerging development approach where AI generates code automatically based on the user's intent, rather than writing code manually. It moves step further from the no-code and low-code concepts of using pre-built components in app creation, allowing users with less technical experience to turn their ideas into functional ap

Oct 24, 2025By Lee Gyu-lee
GS partners with Vercel to drive AI-led workplace innovation

LG Uplus reports cyberattack on servers following similar breaches at SK Telecom, KT

LG Uplus Corp., a major mobile carrier in South Korea, reported a cyberattack on its servers to authorities Thursday, industry sources said, the latest in a series of recent industry-wide data breach cases. According to the sources, LG Uplus submitted a report earlier in the day to the Korea Internet and Security Agency (KISA) after detecting signs of a hacking attempt. It came three months after KISA was alerted by a white-hat hacker to a possible breach of LG Uplus' servers and notified the company of the warning in July, the sources said. Phrack, an online cybersecurity publication, also reported that a hacking group had infiltrated LG Uplus' intranet and leaked the data of about 42,000 customer accounts and 167 employees. LG Uplus told the Ministry of Science and ICT in August that its internal inspection had found no concrete evidence of a cyberattack. With LG Uplus now under scrutiny, all three of the country's major telecom operators have faced data security incidents this year. In April, industry leader SK Telecom Co. disclosed a major leak of universal subscriber identity module (

Oct 23, 2025By Yonhap
LG Uplus reports cyberattack on servers following similar breaches at SK Telecom, KT

Vena Group submits plan to invest $14 bil. in Korea's renewable energy, AI projects

Vena Group, one of the largest renewable energy developers in the Asia-Pacific region, has expressed its intention to invest 20 trillion won ($14 billion) in Korean projects to develop renewable energy solutions and build an artificial intelligence (AI) data center, the government said Thursday. Vena Group has submitted a letter of intent (LOI) for the investment to the Korean government, according to the climate and science ministries. In the LOI, Vena Group made a proposal to invest a combined 20 trillion won in a number of Korean projects, including one aimed at developing renewable energy solutions, such as solar and wind power, as well as battery energy storage systems. The others include Korea's plan to build an AI data center utilizing renewable energy sources, a 500-megawatt (MW) offshore wind power project and another 384 MW offshore wind power project. Vena Group is a fully owned subsidiary of the world's biggest investment management company, BlackRock, and is currently operating or building a combined 9.7 gigawatts (GW) of renewable energy facilities in Korea, Japan, Taiwan,

Oct 23, 2025By Yonhap
Vena Group submits plan to invest $14 bil. in Korea's renewable energy, AI projects

Nuclear safety watchdog set to decide on 10-year extension for Kori-2 reactor

The country's nuclear safety watchdog is set to decide Thursday whether to extend the lifespan of the 42-year-old Kori-2 nuclear reactor by an additional 10 years. The Nuclear Safety and Security Commission (NSSC) plans to hold a meeting to review a request to restart and operate the 650-megawatt lightwater reactor, which has reached beyond its initial 40-year license. The Korea Hydro and Nuclear Power Co. (KHNP), the state-run power operator, has asked the NSSC to approve a life extension that would allow the Kori-2 to operate until April 2033. The commission held a review meeting Sept. 25 but postponed the decision, citing the need for more time to deliberate. The Kori-2, located on Korea's southeast coast, started commercial operations in April 1983. It remains the country's oldest active reactor, aside from the Kori-1 and Wolsong-1 reactors, which have been permanently shut down. The Kori-2 has been offline since April 2023, when its initial 40-year operating license expired. The outcome of the Kori-2 case is expected to set a precedent for nine other aging reactors for which KHNP plan

Oct 23, 2025By Yonhap
Nuclear safety watchdog set to decide on 10-year extension for Kori-2 reactor

Miele chief stresses fundamentals of home appliances

Markus Miele, executive director and co-proprietor of Miele, a German premium home appliance brand, stressed the importance of the fundamental functions of appliances, Wednesday, questioning whether rivals’ moves to realize an artificial intelligence (AI)-powered smart home can truly create user benefits. During an interview with The Korea Times in Seoul, the executive director noted that AI smart home solutions now available on the market are “not evolved as much as we think,” and that Miele is focusing on “real user benefits” that advanced technologies can offer. “So, coming to smart home and integration (of home appliances), we ask ourselves the question: what’s the user benefit?” Miele said. “We monitor what is happening all around the world. But it is still not evolved as much as we think because people use the appliances in the physical space — you have to load the dishwasher. A consistent smart home, that’s not so easy to create user benefit.” Miele is one of the best-known premium home appliance brands, specializing in washers, dishwashers and cooktops. T

Oct 22, 2025By Nam Hyun-woo
Miele chief stresses fundamentals of home appliances

LG Uplus agrees to report suspected cyber breach

LG Uplus, after initially denying it had suffered a cyberattack, has reversed its stance and will formally report a suspected hacking incident to authorities amid growing concerns over leaked internal data, its CEO said, Tuesday. During a parliamentary audit session at the National Assembly in Seoul, CEO Hong Bum-shik confirmed that LG Uplus would formally report the hacking incident to the cybersecurity watchdog, the Korea Internet & Security Agency (KISA). “Our understanding was that reports should be filed after confirming an actual cyber breach,” Hong said. “However, given the growing confusion and misunderstanding, we plan to take a more proactive stance.” In August, the telecom company faced mounting scrutiny after global cybersecurity journal Phrack Magazine reported that two anonymous white-hat hackers had obtained eight gigabytes of leaked data from an attacker suspected to be affiliated with the North Korean hacker group Kimsuky. The leaked data allegedly includes LG Uplus’ information from 8,938 servers, 42,526 user accounts and 167 employees. KISA detected signs of h

Oct 21, 2025By Lee Gyu-lee
LG Uplus agrees to report suspected cyber breach

Arm VP highlights Korea as rising hub for AI semiconductor innovation

British semiconductor and software design company Arm is deepening its global influence on artificial intelligence (AI) infrastructure as it strengthens engagement with Korea’s technology ecosystem and joins the board of directors at the Open Compute Project (OCP), setting the standard for open, converged AI data centers. Eddie Ramirez, the company’s vice president of Infrastructure Business, emphasized Korea’s growing strategic importance in the global AI semiconductor landscape, describing it as a uniquely complete ecosystem that integrates the entire semiconductor value chain in one. “(Korea) is one of the few markets that has every part of the supply chain here; from the foundry services, basic design services (to) key third party intellectual properties are all developed here in Korea, as well as a lot of the complex packaging,” he said during a media briefing at the company’s Arm Unlocked event in Seoul, Tuesday. “It is also important because the Korean government has provided significant investment and (taken) AI as a strategic initiative. And so we are seeing a wea

Oct 21, 2025By Lee Gyu-lee
Arm VP highlights Korea as rising hub for AI semiconductor innovation

FADU to supply power management chips for top-tier client

Semiconductor fabless FADU said Tuesday it will begin supplying power management integrated circuits (PMICs) for a top-tier data center solution provider, positioning itself to capitalize on the growing demand for power management in artificial intelligence (AI) data centers. According to the company, its data center PMIC has recently passed the client’s qualification and will begin mass production. FADU did not name the provider, but described it as a tier 1 client. A data center PMIC is a semiconductor that converts, distributes and controls the power supply to various components within a server computer, such as graphics processing units (GPUs), DRAM and solid-state drives (SSDs). The PMIC that recently passed qualification is specialized for data center SSDs. As AI servers consume more than 10 times the power of conventional servers, PMICs with much higher precision and efficiency are required to respond to rapidly fluctuating power demands, thereby reducing the overall energy burden. The latest DRAM modules that use Double Data Rate 5 require PMICs. PMICs are also required for Sys

Oct 21, 2025By Nam Hyun-woo
FADU to supply power management chips for top-tier client
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