my timesThe Korea Times

Business

Tech & ScienceCompaniesBanking & FinanceMost respected CEOsAPEC 2025Others
  • Tech & Science

    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

    2 MIN READBy Lee Gyu-lee
    Hyosung launches hyperscale AI data center in Seoul
  • Companies

    Samsung Display showcases next-generation XR displays at AWE USA

    2 MIN READBy Nam Hyun-woo
    Samsung Display showcases next-generation XR displays at AWE USA
  • Tech & Science

    SK hynix ships 12-high HBM4E samples to customers

    2 MIN READBy Nam Hyun-woo
    SK hynix ships 12-high HBM4E samples to customers
  • Tech & Science

    Anthropic opens Seoul office to expand ties with Korean AI ecosystem

    3 MIN READBy Nam Hyun-woo
    Anthropic opens Seoul office to expand ties with Korean AI ecosystem
  • Companies

    'Wide Cup' fuels World Cup fever among Korean fans

    2 MIN READBy Ko Dong-hwan
    'Wide Cup' fuels World Cup fever among Korean fans
Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
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.

Read more

Tech & Science

Major telecoms to see split earnings in Q1 as cyberattack fallout lingers

The nation's three major telecom operators — SK Telecom, KT and LG Uplus — are expected to post diverging earnings for this year’s first quarter, as the financial fallout from last year’s high-profile security breaches continues to weigh on the industry. While SK Telecom and KT are bracing for weaker profitability, LG Uplus is expected to extend its earnings growth supported by subscriber gains and a relatively limited direct impact. According to consensus forecasts compiled by market researcher FnGuide, the three carriers' combined operating profit is projected at 1.35 trillion won ($896.5 million) for the first quarter, down 10.8 percent from a year earlier. The decline reflects mounting costs for customer compensation, security upgrades and heavier marketing outlays after a series of cybersecurity incidents at SK Telecom in April and KT in August. SK Telecom is expected to post the steepest decline among the three, as the full impact of last year’s massive universal subscriber identity module (USIM) data breach continues to show up in its results. The company’s operating pr

Apr 7, 2026By Lee Gyu-lee
Major telecoms to see split earnings in Q1 as cyberattack fallout lingers
Companies

Mercedes-Benz Korea’s charitable marathon is most unique in size, format: CEO

BUSAN — Mercedes-Benz Korea’s flagship charity program, GIVE ’N RACE, stands out for its exceptional scale and distinctive format, making it unique among the German automaker’s charitable initiatives worldwide, its CEO Mathias Vaitl said Saturday during a media roundtable. Vaitl, who also serves as chairman of Mercedes-Benz Korea’s Corporate Social Responsibility (CSR) Committee, oversees the event held in the southeastern port city. Now in its 13th year, the program has grown into one of the company’s most influential social programs, drawing tens of thousands of participants each year. “I would say this is very unique from its pure size, and Korea is on top of that in terms of CSR activities,” he said. The committee donates money raised from the annual charity run to the Kids & Future Foundation. The organization raised a record-breaking 1.02 billion won ($677,000) this year. “This year’s event is unique in that 20,000 participants booked out in 15 minutes, which is a new record,” he said. "We appreciate because we see that people appreciate what we are doing with

Apr 6, 2026By Lee Min-hyung
Mercedes-Benz Korea’s charitable marathon is most unique in size, format: CEO
Business

Kakao Healthcare, Sanofi partner to harness medical data for AI solutions

Kakao Healthcare has signed a memorandum of understanding with Sanofi-Aventis Korea to jointly conduct real-world evidence research and develop artificial intelligence (AI) solutions using medical data, the digital health care company said Monday. The memorandum was signed Friday during the Korea-France Economic Future Dialogue, held alongside French President Emmanuel Macron’s visit to Korea, which marked the 140th anniversary of diplomatic ties between the two countries. The companies said they will jointly conduct real-world evidence (RWE) studies using health care data, while developing and advancing AI models through federated learning. Kakao Healthcare said it will provide platforms and technologies capable of supporting research based on real clinical data, while Sanofi will contribute its expertise in AI, digital health care and medical science. The companies said they will explore applications including early disease detection and personalized patient care, focusing on AI-based analysis for early diagnosis of Fabry disease — a rare inherited disorder that prevents the body f

Apr 6, 2026By Lee Kyung-min
Kakao Healthcare, Sanofi partner to harness medical data for AI solutions
Companies

Samsung to adopt 5-day car rotation system in support of gov't energy-saving campaign

Samsung Group said Monday it plans to adopt a five-day vehicle rotation system, tightening its existing 10-day scheme in support of the government's energy-saving drive in the public sector to address concerns over fuel shortages in the wake of the Middle East crisis. The announcement came around two weeks after the conglomerate adopted the 10-day rotation system across all of its domestic operations, under which employees were asked to refrain from driving one day out of every 10, based on the last digit of their license plate numbers. Starting Wednesday, Samsung employees will be asked to voluntarily follow a five-day vehicle rotation system. "The move is aimed at supporting the government's energy-saving drive amid the global energy crisis, while making efforts to seek additional reductions," Samsung Group said in a release. LG Group also adopted a five-day rotation program for its domestic operations starting Monday, expanding its previous 10-day system. The tightened move came after the government announced plans to implement a mandatory two-day vehicle rotation system in the public

Apr 6, 2026By Yonhap
Samsung to adopt 5-day car rotation system in support of gov't energy-saving campaign
Companies

Top Korean business heads set to visit India, Vietnam in search for opportunities

The leaders of Korea’s top conglomerates will likely visit India and Vietnam later this month as they seek business opportunities to hedge against uncertainties stemming from the Middle East crisis and rising protectionist policies. According to industry officials Monday, the Federation of Korean Industries (FKI) and the Korea Chamber of Commerce and Industry (KCCI) have formed business delegations to visit India and Vietnam, respectively, later this month. The delegations will be comprised of up to 200 companies each and will participate in business forums with local companies. Samsung Electronics Executive Chairman Lee Jae-yong, Hyundai Motor Group Executive Chair Chung Euisun and LG Group Chairman Koo Kwang-mo are expected to join the delegation to India, given the importance of the market to their businesses. For Samsung Electronics and LG Electronics, India is a critical market for IT devices and home appliances, as it has a population of 1.4 billion and its economy continues to grow. The country is also an important manufacturing base for the two electronics giants. Samsung Electr

Apr 6, 2026By Nam Hyun-woo
Top Korean business heads set to visit India, Vietnam in search for opportunities
Business

Volvo Korea, POSCO aim to transform construction equipment with high-performance metals

Volvo Group Korea said Monday it signed a memorandum of understanding with POSCO to jointly develop high-performance materials and manufacturing technologies for next-generation construction equipment. The agreement, signed Friday at Volvo Group Korea's Changwon plant, brings the two companies together to prepare for the shift toward electrification and carbon neutrality in the construction machinery sector. The ceremony was attended by officials at Volvo Group Korea and POSCO’s technical research institute, the automaker said. The companies said they will collaborate across the full development cycle, from material research to application and validation in equipment, as demand grows for lighter machinery and stronger materials to reduce carbon emissions. Under the agreement, the two companies will share data and technology related to electrification and carbon neutrality, jointly develop materials for next-generation construction equipment, conduct application testing and technical verification and expand technical exchanges through seminars. The companies said their focus will be on s

Apr 6, 2026By Lee Kyung-min
Volvo Korea, POSCO aim to transform construction equipment with high-performance metals
Companies

Roller coaster stock: Sam Chun Dang Pharm surges over 400%, then plunges amid doubts

Sam Chun Dang Pharm, which once topped the Kosdaq by market capitalization, has been experiencing heightened volatility in recent weeks, drawing intense investor attention, industry officials said Monday. The stock briefly rose to 1.18 million won ($783) per share late last month, buoyed by strong optimism surrounding its oral insulin project and a licensing deal with a U.S. partner, lifting the company to the top of the Kosdaq. However, allegations that the deal had been overstated, along with doubts about the sustainability of the rally, soon sparked controversy and sent the share price tumbling by nearly half within just three days. CEO Chun In-seok, the company’s largest shareholder, sought to contain the fallout by canceling a planned large-scale block sale and holding a press conference. Earlier on Monday, the company said Chun had withdrawn his plan, first disclosed on March 24, to carry out a 250 billion won block sale. He had intended to sell 265,700 shares through after-hours transactions between April 23 and May 22 to raise funds for gift tax and other tax liabilities. Rever

Apr 6, 2026By Jun Ji-hye
Roller coaster stock: Sam Chun Dang Pharm surges over 400%, then plunges amid doubts
Companies

LS Eco Energy posts 7% operating margin, outpacing industry average

LS Eco Energy is demonstrating clear profitability differentiation, posting an operating margin of around 7 percent in 2025, well above the domestic cable industry’s average of 3 to 4 percent. The cable industry is widely regarded as a low-margin business, as raw materials — particularly copper — account for a large share of manufacturing costs, limiting operating profitability. Against this backdrop, LS Eco Energy’s above-average margin is being viewed by the market not as a one-off earnings boost, but as evidence of structural profitability gains driven by a more advanced business portfolio. The improvement has been supported by growth in extra-high-voltage power cables and expanding overseas supply by LS Eco Energy, particularly in Europe and North America. Extra-high-voltage cables have high technological entry barriers and are typically secured through project-based contracts, allowing for relatively stronger margins. In addition, the company’s rare earth metals and submarine cable businesses are viewed as high-value-added segments capable of delivering double-digit operati

Apr 6, 2026By Park Jae-hyuk
LS Eco Energy posts 7% operating margin, outpacing industry average
Business

New wave of women appointments reshapes leadership at oceans ministry

An increase in the number of senior female leaders at the Ministry of Oceans and Fisheries is reshaping its leadership ranks, with women now holding key positions that were once largely out of reach in the traditionally male-dominated field. The ministry said it recently expanded the number of high-ranking female officials to five from one through a round of promotions and appointments based on performance and capability. Among seven newly promoted director-level officials, four are women, the ministry said. The increase marks a sharp change from the previous structure. The ministry said it placed female leaders in key positions for the first time since its establishment, including roles that require close field communication and oversight. The ministry said the new Director General for Marine Policy Yu Eun-won has built her career through major posts in maritime development and marine environment policy and is expected to steer mid- to long-term strategies in the sector. Meanwhile, new Director General for Fisheries Resources Policy Kim In-kyong is expected to oversee national fisheries p

Apr 6, 2026By Lee Kyung-min
New wave of women appointments reshapes leadership at oceans ministry
Companies

LG holds AI hackathon to cultivate next generation of tech talent

LG held a two-day hackathon event, drawing 94 young participants to develop optimized versions of the company’s EXAONE large language model as part of its broader push into advanced artificial intelligence (AI) technologies. The event, “LG Aimers Hackathon,” was held at LG Inhwawon training center in Icheon, Gyeonggi Province, over the weekend and was part of LG Aimers, the group’s flagship youth AI talent development initiative. Since its launch in the second half of 2022, the program has trained more than 20,000 young people and become Korea’s largest youth AI education effort. LG said it aims to develop a cumulative total of at least 50,000 young AI professionals by 2030. The 94 participants were chosen from 2,339 applicants, having advanced through online coursework and a qualifying round. They were tasked to develop lightweight versions of EXAONE, a large language model developed by LG AI Research. LLM lightweighting is an optimization technique that reduces model size and improves inference speed while preserving performance and accuracy — a key technology for running A

Apr 6, 2026By Jhoo Dong-chan
LG holds AI hackathon to cultivate next generation of tech talent
previous page
9899100101102
next page

Most Read in Business