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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.

British trade minister visits LG ahead of AI service launch with London exchange

Britain's Trade Minister Douglas Alexander paid a rare visit to an artificial intelligence (AI) research center of LG Group on Monday as the South Korean company prepares to launch a new financial service with the London exchange. Alexander visited the AI research center in western Seoul with officials from London Stock Exchange Group (LSEG), the South Korean conglomerate said in a release. The group said the visit came amid the ongoing collaboration between LG AI Research and LSEG to develop a financial AI forecasting service that "utilizes LSEG's vast financial data to support business decision-making." "Trust is a cornerstone of financial markets, and our collaboration with LG AI Research is built on this principle," LSEG said in a statement released by LG Group. "By combining LG's AI expertise with LSEG's reliable data and distribution network, we will help our customers make business decisions with more trustworthy insights," the British bourse operator added. LG and LSEG plan to hold an official launching ceremony for the AI-based forecasting service in London later this month "By in

Sep 1, 2025By Yonhap
British trade minister visits LG ahead of AI service launch with London exchange

US computer science graduates return to school as jobs lost to AI

SAN JOSE, Calif. — “About 40,000 students enrolled this fall semester at San Jose State University, the largest incoming class in the school’s 168-year history,” President Cynthia Teniente-Matson said in a welcome email to freshmen on Aug. 25. Located in Santa Clara County, California, the university is known for its high job placement rates at nearby big tech companies. Earlier this year it surpassed Stanford to rank No. 1 in international student employment outcomes. But behind the record enrollment lies the reality of graduates struggling to find work as artificial intelligence transforms the labor market. Since last year, major tech firms investing heavily in generative artificial intelligence (AI) have carried out mass layoffs. Demand for entry-level developers has plummeted, as entry-level jobs tend to be most vulnerable to automation, leaving many computer science graduates with no clear career path. Unable to land jobs, more students are returning to campus, fueling record enrollment near Silicon Valley. On Wednesday, the San Jose State campus was bustling with students ca

Sep 1, 2025By Hankookilbo
US computer science graduates return to school as jobs lost to AI

Korea's exports rise 1.3% year-on-year in August on robust chip demand: data

SEJONG — Korea's exports grew 1.3 percent from a year earlier in August, despite U.S. tariff effects, thanks to strong demand for semiconductors, government data showed Monday. Outbound shipments came to $58.4 billion last month, rising for the third consecutive month, according to data compiled by the Ministry of Trade, Industry and Energy. Imports decreased 4 percent year-on-year to $51.89 billion, resulting in a trade surplus of $6.51 billion. Semiconductor exports jumped 27.1 percent year-on-year to reach an all-time high of $15.1 billion in August, driven by a sharp increase in memory chip prices sparked by the global expansion of investment in artificial intelligence (AI) infrastructure. Auto exports increased 8.6 percent year-on-year to $5.5 billion won, marking the highest figure for any August, on the back of robust demand for electric vehicles (EVs) and hybrid cars. Ship exports surged 11.8 percent to $3.14 billion, marking the sixth consecutive month of increase, while shipments of agro-fisheries products added 3.2 percent to $960 million, also the highest for any August. Ship

Sep 1, 2025By Yonhap
Korea's exports rise 1.3% year-on-year in August on robust chip demand: data

Korean chipmakers face heightened uncertainties on planned US license restriction

Korean chipmakers are facing growing concerns as the U.S. administration plans to introduce a stricter export control mechanism for Samsung Electronics Co. and SK hynix Inc., in addition to its hefty tariff scheme, according to industry watchers Saturday. On Friday (local time), the U.S. Commerce Department announced a plan to strip the two Korean chipmakers, as well as Intel Semiconductor Ltd., of "validated end-user" (VEU) status, a move that will require them to secure individual export licenses for sending certain U.S. chipmaking equipment to their plants in China. Until now, Samsung Electronics and SK hynix could ship certain U.S. semiconductor equipment to pre-approved sites under a general authorization with their VEU status. "We have been able to reduce business uncertainties even amid Washington's export controls on China thanks to the VEU status, but with the planned revocation of the status, we will have to face short-term damage," an industry official said on condition of anonymity. "The U.S. administration has been rolling out new or revised semiconductor regulations every t

Aug 30, 2025By Yonhap
Korean chipmakers face heightened uncertainties on planned US license restriction

15-year prison term sought for Kakao head Kim Beom-su

Prosecution on Friday sought a 15-year prison term for Kakao founder Kim Beom-su for allegedly attempting to manipulate the price of SM Entertainment’s stock in February 2023, during Kakao’s acquisition of the K-pop management agency. During a hearing session at Seoul Southern District Court, prosecutors sought the prison term and 500 million won ($360,000) in fines for Kim, under suspicion for ordering Kakao Group executives to manipulate SM Entertainment’s stock price to sway the outcome of a bidding race against HYBE. The prosecution argued that Kim, as the head of Kakao Group and its ultimate decision-maker, continued to oppose lawful competitive methods and was ‘‘the ultimate beneficiary of the criminal proceeds.” Kim was arrested in July last year and indicted the following month, but was released on bail in October for health reasons. In March this year, he stepped down from Kakao’s top decision-making council. At the time, Kakao did not disclose his condition, but it was reported that he is suffering from bladder cancer. Under the Capital Markets Act, crimes such as

Aug 29, 2025By Nam Hyun-woo
15-year prison term sought for Kakao head Kim Beom-su

Korean tech selected as Brazil’s next-gen broadcasting standard

A broadcasting system utilizing Korean technology was chosen as Brazil’s next-generation broadcasting standard, paving the way for Korean companies to boost their export competitiveness in the South American market, the ICT ministry said Friday. According to the ministry, Brazil has recently adopted the DTV+ system, a next-generation broadcasting standard based on the U.S. Advanced Television Systems Committee’s (ATSC) ATSC 3.0. ATSC 3.0 uses the government-funded Electronics and Telecommunications Research Institute (ETRI)’s technologies, including multi-input multi-output and layered division multiplexing. The two technologies are designed to efficiently deliver data over limited spectrum, playing a crucial role in determining the hardware used to receive broadcasts on viewers’ TVs. Brazil is one of the biggest broadcast media markets in the world, with a terrestrial broadcasting direct reception rate that reaches 73 percent. When the country adopted digital broadcasting in 2006, it chose the Japanese ISDB-T standard, and was later joined by Argentina and other South American

Aug 29, 2025By Nam Hyun-woo
Korean tech selected as Brazil’s next-gen broadcasting standard

SK, AWS break ground for AI data center in Ulsan

ULSAN — SK Group kicked off the construction of an artificial intelligence (AI) data center in Ulsan, set to be the largest AI data center outside the Seoul metropolitan area, in partnership with Amazon Web Services (AWS). SK Telecom, SK ecoplant, AWS and the city government of Ulsan on Friday held a groundbreaking ceremony for SK AI Data Center Ulsan. SK SUPEX Council Chair Chey Chang-won, SK Telecom CEO Ryu Young-sang, SK ecoplant CEO Kim Hyung-keun, Ulsan Mayor Kim Doo-kwan and more than 200 officials attended the ceremony. SK Group inked a partnership with AWS in June to build the hyperscale data center, designed to meet world-class standards in AI computing architecture. It will be equipped with ultra-high rack density, hybrid cooling systems combining air and liquid cooling, and robust network infrastructure for high-performance, highly efficient AI workloads. “(SK AI Data Center Ulsan) is not about just launching a data center business. We are aiming to shape the core foundation of the AI ecosystem,” Chey said during the ceremony at the center’s site in southern Ulsan. “

Aug 29, 2025By Lee Gyu-lee
SK, AWS break ground for AI data center in Ulsan

Samsung SDS to showcase AI agent-driven innovations at REAL Summit 2025

Samsung SDS is set to host its annual REAL Summit 2025, where it will unveil its business innovation strategies driven by cutting-edge artificial intelligence (AI) agent technologies, next month. Marking its seventh year, the event will highlight the future direction of Samsung SDS solutions and services while sharing real cases from customers who have been using its products across industries. This year’s event, scheduled for Sept. 11 at Coex in Seoul, will showcase how generative AI is reshaping the future of workplace tasks and business operations. “Designed to help companies tackle pressing challenges in the rapidly evolving AI era, the event welcomes anyone interested in generative AI, cloud, data and enterprise solutions,” the company said in a press release. Samsung SDS President and CEO Lee June-hee will open the summit with a keynote speech to discuss the company’s journey in adopting AI technology. He will be followed by Peter Pluim, president of enterprise cloud services at SAP, and Michael Dell, founder and CEO of Dell Technologies, who will share insights on their gl

Aug 28, 2025By Lee Gyu-lee
Samsung SDS to showcase AI agent-driven innovations at REAL Summit 2025

LG CNS, Naver team up to enhance AI-driven ad efficiency

LG CNS is partnering up with Naver to strengthen artificial intelligence (AI)-powered advertising optimization services for online shopping. The company announced Thursday that it has signed a memorandum of understanding with Naver to leverage LG CNS’s marketing optimization platform (MOP) to improve advertising efficiency for Naver Shopping sellers. MOP uses AI and advanced optimization technology to automatically manage digital ads around the clock, helping improve the performance of digital ads such as search and shopping ads. “Building on LG CNS’s unique AI transformation capabilities, including AI and advanced optimization, we will work with Naver to create the best advertising ecosystem and continue developing solutions that deliver distinct value to a wide range of advertisers, including small and medium-sized businesses,” Choi Moon-keun, senior vice president of LG CNS' Digital Technology Division, said. Under the agreement, the two plan to refine algorithms and add new features to the platform. Naver Shopping’s sellers can now use both Naver’s AI-based ad solution, A

Aug 28, 2025By Lee Gyu-lee
LG CNS, Naver team up to enhance AI-driven ad efficiency

SK Telecom fined $97 mil. over April data breach

The Personal Information Protection Committee (PIPC) on Thursday fined SK Telecom 134.8 billion won ($96.9 million) over a massive user data breach in April. The penalty is the largest-ever fine imposed on a single company by the telecom regulator, surpassing the 69.2 billion won fine levied on Google in 2022 for collecting personal data without user consent. During a press briefing, PIPC Chairperson Ko Hak-soo said it held a general meeting on Wednesday and reached the decision along with an administrative penalty of 9.6 million won. He added that the committee also approved corrective measures to prevent further data breaches, including a full system inspection, stronger security measures and an overhaul of company-wide personal data governance. SK Telecom reported the data breach to the PIPC on April 22 after detecting a large volume of data being transmitted outside its network on April 18. Following months of investigation, it was confirmed that more than 23 million SK Telecom users’ phone numbers, international mobile subscriber identity and 23 other types of universal subscriber

Aug 28, 2025By Nam Hyun-woo
SK Telecom fined $97 mil. over April data breach
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