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    Korea mounts final push for Canada's $39 bil. submarine project

    The Korean government and defense players are making last-ditch efforts to win Canada’s next-generation submarine project worth up to 60 trillion won ($39.14 billion), as Ottawa is expected to select a preferred bidder by the end of this month. Under the Canadian Patrol Submarine Project, the Royal Canadian Navy’s aging fleet of four Victoria-class submarines will be replaced with 12 new 3,000-ton diesel-electric vessels. The comprehensive contract includes long-term maintenance, repair and overhaul (MRO) lifecycles. With a decision looming, Seoul has elevated its bid to top-tier head-of-state diplomacy, seeking to give Korea’s consortium, led by Hanwha Ocean, an edge over rival bidder TKMS of Germany — a traditional heavyweight in submarine technology — in the closely contested race. President Lee Jae Myung recently provided critical diplomatic backing during a bilateral summit with Canadian Prime Minister Mark Carney on the sidelines of the Group of Seven summit in Evian-les-Bains, France. Lee said he emphasized Korea’s readiness to contribute to Canada’s defense capabil

    3 MIN READBy Lee Min-hyung
    Korea mounts final push for Canada's $39 bil. submarine project
  • Companies

    LG’s top execs to visit Nvidia headquarters for ties in AI, robotics

    1 MIN READBy Lee Min-hyung
    LG’s top execs to visit Nvidia headquarters for ties in AI, robotics
  • Tech & Science

    Korean battery makers accelerate push into US ESS market

    2 MIN READBy Lee Gyu-lee
    Korean battery makers accelerate push into US ESS market
  • Banking & Finance

    Woori Financial steps up productive finance with $6.5 bil. boost

    2 MIN READBy Lee Hyo-jin
    Woori Financial steps up productive finance with $6.5 bil. boost
  • Companies

    Coway targets smaller households with compact food waste processor

    2 MIN READBy Lee Gyu-lee
    Coway targets smaller households with compact food waste processor
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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

LX Hausys exhibits housing materials at KBIS 2026

LX Hausys took part in the Kitchen & Bath Industry Show (KBIS) 2026 in Florida as part of its expansion into the lucrative engineered stone market in North America, the company said Thursday. The trade show, held from Tuesday to Thursday (local time), is the largest of its kind in North America. The company sought to expand its client base and strengthen its position in the U.S. by participating in the event. At this year’s KBIS, the firm presented a broad lineup of surface materials for kitchen and bathroom finishes. LX Hausys hopes to absorb growing local demand for premium engineered stones. The lineup showcased at the exhibition included its VIATERA engineered stone brand, the HIMACS acrylic solid surface and the TERACANTO porcelain surface, the company said. The firm’s VIATERA Solea drew particular attention for its delicate gold veining, inspired by natural marble. The VIATERA Midnight Ember Brushed also features a deep black tone with a refined and luxurious finish. Both products received favorable responses from visitors for their sophisticated aesthetics, the company said. LX

Feb 19, 2026By Lee Min-hyung
LX Hausys exhibits housing materials at KBIS 2026
Tech & Science

Samsung expected to lead high-performance tier in Nvidia’s dual-binning strategy

Samsung Electronics is expected to gain an edge in supplying high-performance high-bandwidth memory 4 (HBM4) to Nvidia, as the U.S. artificial intelligence (AI) giant is expected to adopt a two-tier binning strategy under which it will release AI accelerators in both high-performance and standard versions. According to industry officials, Thursday, Nvidia is considering securing HBM4 chips for its upcoming Vera Rubin platform by binning the memory into two tiers, allowing it find a balance between stable supply and top-tier products. While Nvidia has been highlighting the performance of Vera Rubin platform, the current supply bottleneck in the memory chip industry is casting uncertainties over securing sufficient volumes highest-performance chips. Given the higher cost burden, it is difficult to fill all volumes exclusively with the highest-performance chips. To address this, Nvidia is expected to apply HBM4 chips with data processing speeds of 11.7 gigabits per second (Gbps) or higher to its flagship accelerators, while using 10 Gbps-class chips for standard-tier products, the official

Feb 19, 2026By Nam Hyun-woo
Samsung expected to lead high-performance tier in Nvidia’s dual-binning strategy
Companies

Nextrade aims to open market for fractional investment by Q4

A consortium led by Nextrade (NXT), Korea's alternative stock trading platform, said Thursday it seeks to open a market for fractional investment trading services by the fourth quarter. "We plan to push forward with relevant procedures, including securing related personnel, establishing trading systems and receiving final approval, with the goal of opening a market (for fractional investments) by the fourth quarter of 2026," NXT said in a press release. On Friday, the Financial Services Commission (FSC) approved preliminary licenses for two consortia to operate an over-the-counter trading platform for fractional investments, which will allow investors to buy and sell portions of assets, such as stocks, real estate and even artwork. The two selected groups were a consortium led by NXT and the KDX consortium, led by the Korea Exchange, Korea's main bourse operator. Local startup Lucentblock, which operates a platform for fractional investment trades in real estate, was not granted a preliminary license. The FSC has cited the startup's weak capital strength and insufficient conflict-of-inte

Feb 19, 2026By Yonhap
Nextrade aims to open market for fractional investment by Q4
Companies

Lotte, CJ, Shinhan behind Korea's 1st Olympic gold in snowboarding

Corporate sponsors of Korean snowboarder Choi Gaon are drawing unexpected attention after her stunning victory in the women’s halfpipe event at the Milan Cortina Winter Olympics on Feb. 12. Her win secured Korea’s first-ever Olympic gold medal in a snow event and the nation’s first gold in this year’s Winter Games. Choi, the youngest women’s halfpipe gold medalist at 17 years and three months old expressed her gratitude to Lotte, CJ and Shinhan Financial for their years of support. “CJ Group has sent me a lot of Bibigo products whenever international competitions take place, and Lotte supported me when I was going through the hardest time,” she said during a press conference on Feb. 14. “Shinhan has also cheered for me quietly but sincerely.” Choi, who began snowboarding at age seven, joined the Lotte Ski & Snowboard Team in 2022, the year the retail giant founded the team. Over the past 12 years, Lotte has spent 30 billion won ($21 million) supporting skiers and snowboarders, driven by Chairman Shin Dong-bin’s passion for the sport. A former skier himself, Shin led t

Feb 19, 2026By Park Jae-hyuk
Lotte, CJ, Shinhan behind Korea's 1st Olympic gold in snowboarding
Companies

Shipbuilding seen as starting point for Korea's US investment projects

After the United States revealed Japan’s first set of investment plans under its $550 billion commitment, calls are growing for Korea to take faster action on its U.S. investment plans to allay tariff pressures and secure its position in profitable sectors. Experts say shipbuilding can be a good start, as the U.S. has been actively seeking Korea's participation in reviving its shipbuilding industry. Its Maritime Action Plan, announced last week, seemed to reaffirm that commitment. These calls came after Japan announced Wednesday that it will invest in three projects worth $36 billion: constructing an artificial diamond manufacturing facility in Georgia, a natural gas power plant in Ohio and a deepwater crude oil export facility off the Texas coast. “The scale of these projects is so large, and could not be done without one very special word, TARIFFS,” U.S. President Donald Trump wrote on his social media account. The progress made between Washington and Tokyo is creating pressure for Korea. Trump threatened on Jan. 26 to raise tariffs on Korean goods to 25 percent, the level prior

Feb 19, 2026By Nam Hyun-woo
Shipbuilding seen as starting point for Korea's US investment projects
Companies

CJ Logistics opens cross-border e-commerce hub in Saudi Arabia

CJ Logistics has opened a new cross-border logistics center in Saudi Arabia as part of its push to expand e-commerce delivery across the Middle East, the company said Thursday. Jonathan Song, head of the company’s Global Business Division, joined representatives from Saudi Arabia’s General Authority of Civil Aviation at an opening ceremony for the Saudi Global Distribution Center (GDC) on Feb. 12. The facility is located within the Riyadh Special Integrated Logistics Zone at King Khalid International Airport. Officials from the logistics zone’s operating body and iHerb, a U.S.-based health supplement company that distributes products globally through CJ Logistics, also attended the event. The launch follows a 2023 agreement between CJ Logistics and the Saudi civil aviation authority to develop the Saudi GDC, backed by an investment of 60 billion won ($41 million). Construction was completed last year, followed by trial operations to optimize the facility for e-commerce logistics. Spanning 20,000 square meters, the center can store, package and process customs clearance for up to 20

Feb 19, 2026By Ko Dong-hwan
CJ Logistics opens cross-border e-commerce hub in Saudi Arabia
Companies

InterviewAMCHAM chief willing to mediate between Korea, US in Coupang dispute

American Chamber of Commerce in Korea (AMCHAM) Chairman James Kim cautioned against attempts to tie Seoul’s ongoing investigation into Coupang to Washington’s threat to raise tariffs on Korean goods from 15 percent back to 25 percent. While supporting the Korean government’s denial of any connection between the two issues, the Korean American head of the U.S. business lobby also expressed his willingness to serve as a mediator to help resolve the growing dispute over the Delaware-headquartered e-commerce firm, which is also a member of the chamber. Kim told The Korea Times in a recent interview that there are people "trying to intermingle" the Coupang case with the stalled tariff talks. "They should be completely decoupled," he insisted. The Korean government has attributed the U.S. tariff threat to the National Assembly’s slowness in passing a bill to formalize Korea’s $350 billion investment in American industries. However, U.S. Republicans and Korean lawmakers from the conservative main opposition party have warned that tariff talks between Seoul and Washington could be nega

Feb 19, 2026By Park Jae-hyuk
AMCHAM chief willing to mediate between Korea, US in Coupang dispute
Companies

Hanwha Ocean signs cooperation agreements in Canada amid submarine project bid

Hanwha Ocean, a major shipbuilder in Korea, said Thursday it has struck cooperative agreements with a shipyard and a college in Canada amid its ongoing bid to win the country's submarine project. The company signed a memorandum of understanding (MOU) with Ontario Shipyards on Wednesday (Canadian time) to provide shipbuilding technology and operational know-how, including ship design, production planning, quality management and smart shipbuilding systems, according to Hanwha Ocean. Ontario Shipyards, established as Heddle Shipyards in 1987, is one of the largest ship repair and construction companies operating on the Great Lakes. Through the MOU, Hanwha Ocean said it will support Ontario in restoring its capabilities to build large vessels and strengthening the foundation of Canada's naval industry. The two companies plan to expand their cooperation in line with Hanwha Ocean's bid for the Canadian Patrol Submarine Project (CPSP). Hanwha Ocean also reached a letter of intent with Ontario-based Mohawk College to establish a training center for shipbuilding professionals at Ontario Shipyards.

Feb 19, 2026By Yonhap
Hanwha Ocean signs cooperation agreements in Canada amid submarine project bid
Companies

Samyang moves to register ‘Buldak’ trademark

Samyang Foods is ramping up efforts to protect trademarks for products under its blockbuster instant noodle brand "Buldak," as fake products mimicking the label proliferate worldwide and disrupt its global market. The company said Thursday it plans to file for trademark registration of Buldak in English with the Korean Intellectual Property Office within the month. It previously attempted to trademark the brand’s Korean name, but authorities ruled in 2008 that the term was a widely used common noun and therefore ineligible for trademark protection. With more than 80 percent of its sales coming from overseas markets since 2024, Samyang Foods said securing the English trademark will help establish Buldak’s originality against copycat products that replicate its packaging design and brand name. “Without registering Buldak’s trademark here, it will be difficult for us to assert our rights outside Korea. Once the English name is listed among trademarks in Korea, we will have greater leverage in responding legally to rising trademark infringement cases worldwide,” Park Joong-seok, h

Feb 19, 2026By Ko Dong-hwan
Samyang moves to register ‘Buldak’ trademark
Companies

Hancom lands 1st overseas AI deal with Japan’s Cyberlinks

Hancom has secured its first overseas artificial intelligence (AI) contract, marking the company’s entry into the global AI market through a deal with Japanese cloud service provider Cyberlinks. The company said Thursday that it has signed an agreement to supply its AI-powered facial recognition solution, Hancom Auth, to Cyberlinks. Cyberlinks is a Japanese tech company specializing in cloud services for the public and retail sectors. It is known for operating Japan’s official public personal authentication platform using government-issued ID cards, and holds a dominant position in the country’s identity verification and digital trust market. By integrating Hancom’s technology to enhance its electronic know-your-customer (eKYC) services for digital identity verification, Cyberlinks aims to expand its footprint in Japan’s fast-growing eKYC market by offering upgraded authentication solutions to both existing and new clients. The Hancom Auth solution is built on technology from Spanish AI biometrics firm Facephi, in which Hancom has made a strategic investment, and has been local

Feb 19, 2026By Lee Gyu-lee
Hancom lands 1st overseas AI deal with Japan’s Cyberlinks
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