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    Fried chicken chain bhc expands US footprint with first Virginia restaurant

    Korean fried chicken giant bhc is planting its flag in one of the Washington metropolitan area’s busiest commercial hubs, anchoring its latest push into the United States with its first Virginia location. The chain, operated by Dining Brands Group, said Monday it opened its Arlington location in the Ballston neighborhood of Arlington County, marking its debut in Virginia as the company continues to broaden its North American presence. The restaurant is located near offices, residential complexes, shopping centers and recreational facilities, with convenient access to the Ballston-MU Metro station. The company said the area, which borders Washington across the Potomac River, attracts a steady mix of office workers, residents and visitors, making it a strategic location for growth. The approximately 169-square-meter restaurant offers full-service dining with 32 seats across 15 tables. Its menu has been tailored to local dining preferences, featuring wing- and tender-based combo meals, chicken sandwiches, Crispy Bun sandwiches, cheese balls and fries. Reflecting the popularity of dipping sa

    2 MIN READBy Lee Kyung-min
    Fried chicken chain bhc expands US footprint with first Virginia restaurant
  • Tech & Science

    Science ministry vows $650 bil. investment in AI data centers

    2 MIN READBy Yonhap
    Science ministry vows $650 bil. investment in AI data centers
  • Others

    Korea launches K-Chicken Belt to boost gastronomy tourism

    3 MIN READBy Ko Dong-hwan
    Korea launches K-Chicken Belt to boost gastronomy tourism
  • Companies

    Samsung, partner firms sign agreement for mutual growth

    2 MIN READBy Nam Hyun-woo
    Samsung, partner firms sign agreement for mutual growth
  • Companies

    CU in China: Why South Korean retail giant is adopting 'online first' strategy

    3 MIN READBy SCMP
    CU in China: Why South Korean retail giant is adopting 'online first' strategy
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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

KT accused of concealing major malware infection, faces probe over customer data breach

Mobile carrier KT is facing mounting scrutiny after a government investigation found the company concealed a major malware infection last year. According to a joint government-private investigation team on Thursday, KT became aware between March and July 2024 that 43 of its servers had been infected with BPFDoor malware and other malicious code. The malware enables remote attackers to bypass firewalls and maintain long-term access to compromised systems. Despite detecting the breach, KT failed to notify authorities and attempted to address the issue internally, the team said Thursday. Investigators confirmed that the infected servers contained customers’ personal data, including names, phone numbers, email addresses and international mobile equipment identity numbers. The team called KT’s concealment of the breach a matter of “grave concern” and said it will coordinate with relevant agencies to determine appropriate legal measures. The same malware was used in an earlier hacking case involving SK Telecom, the country’s largest mobile operator. The probe also uncovered serious w

Nov 6, 2025By Nam Hyun-woo
KT accused of concealing major malware infection, faces probe over customer data breach
Banking & Finance

Hana Financial sets up digital asset task force to strengthen AI leadership

Hana Financial Group has launched a digital asset task force and pledged to accelerate artificial intelligence (AI) innovation, as part of its broader strategy to lead Korea’s digital finance transformation, the group said Thursday. The move solidifies the group’s plan to make digital assets and AI the two core growth drivers, amid rapid global technological developments and a challenging global economic condition. Hana said the new task force, established under the holding company, will coordinate efforts across affiliates, including bank, card and securities units, to strengthen the group’s response to the growing digital asset market and related regulatory developments. The task force will focus on building products, services and infrastructure in line with ongoing legislative developments concerning digital assets, while also exploring new opportunities in stablecoins, other virtual assets and tokenized securities. In particular, Hana plans to leverage technological expertise to create a safe and reliable digital finance ecosystem. The group aims to establish a comprehensive sta

Nov 6, 2025By Lee Kyung-min
Hana Financial sets up digital asset task force to strengthen AI leadership
Banking & Finance

JB Financial holds global forum to strengthen digital leadership

JB Financial Group Chairman Kim Ki-hong hosted the 2025 JB Forum in a move to strengthen its digital finance leadership, including strategies to integrate financial services with technology for enhanced international collaboration, the group said Thursday. The Jeolla Province-based financial group seeks to transition from a traditional financial services provider into a digital-centric financial innovator, as indicated by the forum participants spanning leading fintechs and platform operators from Korea, Vietnam and Indonesia. The group held the forum from Oct. 30 to 31 at Aurum Campus, its training center in Jeongeup, North Jeolla Province. The forum’s theme, “Hello Tomorrow,” underscored the group’s vision of transforming today’s partnerships into tomorrow’s competitive advantage — an approach that reflects the growing urgency for financial institutions to embrace artificial intelligence (AI) and cross-border digital ecosystems. The two-day event convened key partners including Finda, Hanpass, Webcash, Infina and OKXE. Finda is a Korean fintech offering online loan compari

Nov 6, 2025By Lee Kyung-min
JB Financial holds global forum to strengthen digital leadership
Companies

AMCHAM, FTC chair discuss Korea’s fair trade policy direction

The American Chamber of Commerce in Korea (AMCHAM) met with Ju Biung-ghi, the newly appointed chairperson of Korea’s Fair Trade Commission (FTC), in Seoul Thursday to exchange views on the new administration’s fair trade policy direction and key issues faced by global companies operating in the Korean market. As part of Ju’s ongoing series of industry outreach efforts following his appointment, the meeting served as a platform to discuss the administration’s fair trade policy priorities and to hear directly from foreign companies about their on-the-ground challenges in Korea. In his remarks, AMCHAM Chairman and CEO James Kim emphasized the importance of open communication between the government and the business community, noting that a transparent and predictable regulatory environment is essential to enhancing Korea’s competitiveness and attractiveness as an investment destination. “Building on the successful momentum from the APEC CEO Summit, AMCHAM looks forward to working closely with the Korean government, especially the FTC, to drive innovation, transparency and strong

Nov 6, 2025By Kang Seung-woo
AMCHAM, FTC chair discuss Korea’s fair trade policy direction
Tech & Science

Korean firms sweep CES 2026 Innovation Awards

Korean firms once again swept the highly-coveted CES Innovation Awards for the event’s 2026 edition, with top tech companies winning over dozens of awards respectively. The Consumer Technology Association, the CES organizer, on Wednesday (local time) announced the winners of CES 2026 Innovation Awards. To recognize the most innovative products and services in the previous year, the CTA presents the awards before the world’s largest consumer electronics show to kick off in January. Samsung Electronics said it has won a total of 27 awards including the three Best of Innovation awards. Twelve awards were from the company’s video display business, four from home appliance, three from mobile device, seven from semiconductor and one from automotive parts unit Harman. In the visual display category, the company won two Best of Innovation awards and received 10 Innovation Awards for new products and services, including its 2026 lineup of TVs and monitors. In the mobile segment, the new Galaxy XR extended reality device and the Galaxy Z Fold7 also earned the honors. LG Electronics won a tot

Nov 6, 2025By Nam Hyun-woo
Korean firms sweep CES 2026 Innovation Awards
Companies

Hyundai Motor CEO calls for resilience, adaptability for sustainable growth

Hyundai Motor CEO Jose Munoz has urged its employees and executives to foster a deeper sense of resilience and adaptability to aid its sustainable growth and transformation into the world’s leading future mobility player, the carmaker said Thursday. “As I reflect on my first year as CEO, I am grateful for the dedication and resilience of our global team,” he said Wednesday during the 2025 Leaders Talk, the carmaker’s town hall meeting. “The automotive industry is transforming faster than ever, but I have never been more confident in our ability to navigate what’s ahead,” he said. “Our success in 2025 proved that adapting is truly part of our DNA.” The event was organized to share the carmaker’s strategic direction next year and reinforce its commitment to agility, innovation and sustainable growth, according to Hyundai Motor. Some 200 executives and employees attended the event at the carmaker’s office in Seoul, with around 7,500 other officials joining the event online. The head of the carmaker also reaffirmed its commitment to achieving 5.55 million global vehicle

Nov 6, 2025By Lee Min-hyung
Hyundai Motor CEO calls for resilience, adaptability for sustainable growth
Banking & Finance

Swiss financial leaders seek insight into Korea's fintech market during Toss Bank visit

Financial leaders from Switzerland visited Toss Bank's headquarters in Seoul to learn about the innovations and achievements of Korea's internet-only banks, Toss Bank said Thursday. The online-only lender said the Swiss delegation, consisting of 18 members, was welcomed by Toss Bank employees, including CEO Rhee Eun-mi, Wednesday. Composed of C-level executives from major Swiss cantonal banks, the group represents key leaders in the country's financial ecosystem. Switzerland has 26 cantonal banks, each established by its respective cantonal government to support the local economy and financial infrastructure. Their visit to Toss Bank was organized by the Embassy of Switzerland in Korea, in partnership with Swisscom, a leading Swiss ICT company. During the visit, Toss Bank shared its progress in digital innovation and efforts to expand customer accessibility since its launch in 2021. The presentation highlighted the bank's products and services, technology-driven risk management and inclusive approaches for financially underserved groups. The delegation also inquired about the competitive

Nov 6, 2025By Lee Yeon-woo
Swiss financial leaders seek insight into Korea's fintech market during Toss Bank visit
Tech & Science

Nvidia to hold 'AI Day Seoul' to showcase core AI technologies

Nvidia Corp. will hold a special event in Seoul this month to showcase and introduce its latest artificial intelligence (AI) technologies to local developers, researchers and industry leaders, the U.S. tech giant said Thursday. The "Nvidia AI Day Seoul" will be held for two days from Nov. 17 at the COEX exhibition hall in southern Seoul. On Nov. 17, Nvidia's Deep Learning Institute (DLI) will host a one-day, hands-on workshop offering participants an opportunity to experience the company's latest AI technologies in a graphics processing unit (GPU)-accelerated cloud environment and earn an official Nvidia DLI certificate, the company said in a press release. The workshop will cover the optimization of large language models (LLMs) using Nvidia's NeMo platform for building customized generative AI, model parallelization, and the development and deployment of large-scale neural networks, according to Nvidia. On Nov. 18, industry experts will discuss key topics, such as sovereign AI, agentic AI, AI factories, industrial AI, robotics and Nvidia's CUDA-X open-source library. A Q&A session with

Nov 6, 2025By Yonhap
Nvidia to hold 'AI Day Seoul' to showcase core AI technologies
Companies

Interview VAIV Company bets big on ‘profiling AI’ for global expansion

VAIV Company will make full use of “profiling artificial intelligence” (AI) as its next growth engine to drive global expansion and a major earnings rebound, its CEO Kim Kyeong-seo said during a recent interview. Profiling AI helps users to rapidly access summarized data of influencers or experts with specialty in a certain area. The technology is particularly useful for sorting out information about many people in a short period of time. The CEO of the AI analytics firm, listed on the tech-heavy Kosdaq, said the company has found a major business opportunity in the convergence of profiling AI and the global beauty industry. VAIV Company recently launched WHOTAG — an AI-driven beauty influencer search platform — targeting the rapid growth of the global beauty market and its relevant services. The company is betting big on the service amid the ever-toughening landscape of the global AI industry. Kim said any AI firms that stick to conventional services focusing on large language models (LLMs) can no longer survive. “Any AI or big data firms that offer traditional LLM services can

Nov 6, 2025By Lee Min-hyung
[INTERVIEW] VAIV Company bets big on ‘profiling AI’ for global expansion
Tech & Science

Naver to debut agentic AI service Agent N next year

Naver has set a strategic goal of introducing agentic artificial intelligence (AI) for its major services next year, while also expanding its portfolio to assist in the AI transformation of businesses. At Coex in southern Seoul on Thursday, the Korean internet giant outlined its new strategies at DAN25, an annual conference where its affiliates and partner companies showcased their latest updates and shared AI insights with the broader tech industry. “Naver has seen positive signals over the past year as its AI technologies were applied to key services including search, shopping and finance, resulting in higher user satisfaction and sales growth,” Naver CEO Choi Soo-yeon said during her keynote speech. “Building on that experience and technological expertise, Naver plans to roll out advanced AI agents across major services, starting with shopping, followed by search and advertising.” As part of the plan, Naver will introduce a shopping agent on Naver Plus Store, its e-commerce platform, in the first quarter of next year, and will expand its AI services the following quarter with

Nov 6, 2025By Nam Hyun-woo
Naver to debut agentic AI service Agent N next year
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