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  • 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
  • Companies

    Hefty fines loom for Baemin, Coupang Eats as FTC rejects self-correction bids

    2 MIN READBy Lee Min-hyung
    Hefty fines loom for Baemin, Coupang Eats as FTC rejects self-correction bids
  • Banking & Finance

    AI-generated complaints create new headaches for insurers

    3 MIN READBy Park Han-sol
    AI-generated complaints create new headaches for insurers
  • 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
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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.

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Companies

Hyundai IONIQ 6 N named top performance car of 2026

Hyundai Motor’s IONIQ 6 N was recognized for its electric performance on the global stage, winning the 2026 World Performance Car title at the World Car Awards, one of the world’s top three automotive awards. According to World Car Awards, Sunday, the IONIQ 6 N secured the title after competing against contenders such as the BMW M2 CS and Chevrolet Corvette E-Ray. Over the past five years, the World Performance Car category has been largely dominated by Hyundai Motor Group, with Hyundai Motor and Kia winning three of the five titles. In 2024, the IONIQ 5 N won the honor, following Kia’s EV6 GT in 2023. Porsche’s 911 Carrera GTS took the title in 2025, while Audi’s e-tron GT won in 2022. Hyundai Motor Group said the recognition demonstrates the competitiveness of its dedicated electric vehicle (EV) platform, E-GMP, which is used by the IONIQ series and the EV6. It added that the achievement was made possible by combining the group’s motorsports experience with accumulated vehicle data. “This recognition from the World Car Awards jury means a great deal to the thousands of pe

Apr 5, 2026By Nam Hyun-woo
Hyundai IONIQ 6 N named top performance car of 2026
Business

‘Shot on Galaxy?’ — Samsung chairman and Stray Kids’ Felix selfie sparks viral buzz

An unexpected photo featuring Samsung Electronics Chairman Lee Jae-yong and K-pop idol Felix of Stray Kids has set social media abuzz, with fans jokingly asking, “Was this shot on a Galaxy?” On April 3, Felix shared a selfie with Lee on his personal account, surprising fans with the rare pairing of a global tech executive and a K-pop star in a single frame. The photo was taken during a state luncheon held earlier that day at Cheong Wa Dae, where President Lee Jae Myung hosted French President Emmanuel Macron, who was on a state visit to South Korea. The event brought together figures from both the business and entertainment sectors, including Lee Jae-yong as well as celebrities such as Stray Kids and actress Jun Ji-hyun. Online reactions quickly followed, with many expressing disbelief at the unusual combination. “It looks like an AI-generated image,” fans said, while others reacted with surprise, saying, “Why is Lee Jae-yong there?” Some also joked, “Is Felix using a Galaxy?” and “Was this taken on a Galaxy phone?” The buzz was further amplified by Felix’s connection

Apr 4, 2026By Xportsnews
‘Shot on Galaxy?’ — Samsung chairman and Stray Kids’ Felix selfie sparks viral buzz
Business

Korea restarts operation of Gori-2 nuclear reactor

Korea restarted the Gori-2 reactor Saturday, three years after the suspension for safety checks and facility improvement, the country's nuclear reactor operator said. The nuclear reactor at the Gori Nuclear Power Plant, located in Busan, 325 kilometers southeast of Seoul, began commercial operations in April 1983 as the country's third nuclear reactor. But its 40-year operational permission expired in April 2023, and its operations had been suspended for safety inspections and improvements that were required before the facility could resume power production. The Korea Hydro & Nuclear Power Co., which operates the reactor, won permission last November to restart the nuclear reactor.

Apr 4, 2026By Yonhap
Korea restarts operation of Gori-2 nuclear reactor
Banking & Finance

Fraud-linked bank accounts surge despite regulator's warning

Bank accounts linked to financial fraud in the past three months have nearly doubled from a year earlier, underscoring persistent vulnerabilities despite increased regulatory warnings. Banking industry officials said Friday that efforts to prevent accounts from being used in crimes such as voice phishing and other scams have been intensified, but the number of suspicious accounts continues to rise. According to data from the Financial Supervisory Service (FSS), more than 7,700 accounts across nine major banks — KB Kookmin, Shinhan, Hana, Woori, NH NongHyup, iM Bank, KakaoBank, Kbank and Toss Bank — were linked to financial fraud in the first quarter, compared with 3,784 during the same period last year. Fraud-linked accounts were highest at iM Bank with 1,653, followed by Hana with 1,511, Woori with 1,404 and KakaoBank with 1,017. The surge comes despite heightened warnings over financial scams and intensified government efforts to curb financial crime. Since last year, authorities have been pushing legislation that would introduce a "no-fault liability" rule requiring financial insti

Apr 4, 2026By Lee Hyo-jin
Fraud-linked bank accounts surge despite regulator's warning
Tech & Science

Naver, Kakao accelerate tech push with expanded startup investments

Naver and Kakao are stepping up efforts to secure future growth engines by expanding investments in promising startups in fields such as health care and artificial intelligence (AI), signaling a broader push to stay ahead of rapid technological shifts. The tech companies' venture arms, Naver D2SF and Kakao Ventures, are sharpening investment strategies to identify high-potential startups and build long-term partnerships as they seek to secure AI-native capabilities and expand globally. Naver D2SF announced Tuesday that it has made follow-on investments in U.S.-focused health care startups Soundable Health and Nuvilab, the Korean-founded companies that have demonstrated product-market fit in the U.S. market. Soundable Health, which received seed funding from Naver D2SF shortly after its founding in 2019, develops AI models that analyze body sound data to assess health status. Its first product, proudP, uses only a smartphone to analyze urination sounds and monitor symptoms related to conditions such as benign prostatic hyperplasia. The solution, which was cleared by the U.S. Food and Drug

Apr 4, 2026By Lee Gyu-lee
Naver, Kakao accelerate tech push with expanded startup investments
Companies

Hanwha Aerospace seeks to acquire Poongsan munitions biz

Hanwha Aerospace has joined the bid to acquire the munitions business of domestic arms manufacturer Poongsan, signaling a potential expansion into full-scale weapons production. According to industry sources on Friday, Hanwha Aerospace submitted a final bid in a private tender for Poongsan’s munitions division, which produces a range of ammunition from small-caliber rounds to large artillery shells. The company is widely known for producing 155-millimeter shells used in the K9 self-propelled howitzer, a system exported to several countries, including Poland and Romania. Industry sources say Hanwha Aerospace appears to be the only serious bidder in the current process. If the acquisition is completed, the company could achieve vertical integration across ammunition production and weapons platform development and export. However, Hanwha Aerospace declined to comment. Poongsan has maintained a cautious stance, saying that it is reviewing various options to enhance corporate and shareholder value, including potential restructuring, but that nothing has been finalized. Poongsan said in a reg

Apr 3, 2026By Kang Seung-woo
Hanwha Aerospace seeks to acquire Poongsan munitions biz
Companies

HD Hyundai Samho wins $232 mil. LPG ship order from Greece

HD Hyundai Samho Heavy Industries said Friday it has secured a 349.8 billion won ($232 million) order to build two liquefied petroleum gas (LPG) carriers for a shipping company in Greece. The two LPG ships will be delivered to the undisclosed client by March 2029, the company said in a regulatory filing. HD Hyundai Samho is one of three shipbuilding affiliates under HD Korea Shipbuilding & Offshore Engineering (HD KSOE), along with HD Hyundai Heavy Industries and HD Hyundai Mipo Dockyard. HD KSOE is a subholding company of HD Hyundai, Korea's leading shipbuilding group. HD KSOE aims to secure $23.31 billion worth of orders this year, up from $18.16 billion last year.

Apr 3, 2026By Yonhap
HD Hyundai Samho wins $232 mil. LPG ship order from Greece
Companies

Korea, France fortify ties in biotech, eco-friendly energy, AI

Korea and France agreed Friday to fortify their partnership in three key future industries — biotechnology, decarbonization and artificial intelligence (AI) — in a joint effort to expand bilateral economic ties, the Federation of Korean Industries (FKI) said. Both sides presented a road map during the Korea-France Business Dialogue, co-hosted by FKI and France’s Mouvement des Entreprises de France. The event coincided with French President Emmanuel Macron’s state visit to Korea and drew more than 300 participants from both countries, including Macron and Prime Minister Kim Min-seok. In the biotech session, executives from biotech and health care firms based in Seoul and Paris explored ways to combine Korea’s manufacturing and clinical expertise with France’s research and capital resources to enhance their global competitiveness in next-generation biotech. The panelists included Servier Korea General Manager Olivier Russo and Cho Yong-hyun, data platform division lead at Kakao Healthcare. The decarbonization session discussed collaborative hydrogen initiatives and sustainable

Apr 3, 2026By Lee Min-hyung
Korea, France fortify ties in biotech, eco-friendly energy, AI
Companies

Korean Air partners with France's Exotrail to build space taxis for satellites

Korean Air said Friday it signed a memorandum of understanding with French space mobility company Exotrail to cooperate on orbital transfer vehicle services. The signing ceremony was held at the Fairmont Ambassador Seoul hotel in Yeouido, Thursday. Under the agreement, the two companies will collaborate on advanced space services, including low Earth orbit satellite transportation and payload hosting, multiorbit satellite deployment, and satellite life extension and refueling. They plan to form a joint working group to begin detailed discussions on launch plans and optimizing orbital transportation costs. Central to that effort are orbital transfer vehicles, designed to carry small satellites released from a larger launch vehicle to their precise target orbits — what the industry often calls “last-mile” delivery in space. After deployment, such vehicles can also support stable satellite operations through in-orbit services, including orbital correction, life extension, refueling and payload hosting. Demand for cluster launches of small satellites has risen sharply, increasing the im

Apr 3, 2026By Jhoo Dong-chan
Korean Air partners with France's Exotrail to build space taxis for satellites
Companies

Refiners remain cautious over switch to US crude

U.S. President Donald Trump’s recent call for allies to buy crude from his country instead of the Middle East has been considered economically unfeasible from the perspective of Korean oil refiners. Although Korea has been reducing its reliance on the Middle East by increasing imports from the United States, which has become the world’s largest oil producer, refiners cite facilities geared toward heavy crude oil and the longer shipping distance as major obstacles to a complete replacement. “Most Korean refineries are optimized to process heavy crude from the Middle East, though they can blend in some light crude without damaging their facilities,” an official at one of Korea’s major refiners said on condition of anonymity. “For companies to boost U.S. crude imports, they would need large-scale investments to remodel their plants, but that is an excessive burden under the current oil price cap system, which forces them to sell products at a loss.” He added that transporting crude from inland or southern U.S. regions is more expensive. Because very large crude carriers must tr

Apr 3, 2026By Park Jae-hyuk
Refiners remain cautious over switch to US crude
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