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  • Tech & Science

    Samsung Electro-Mechanics bags $294 mil. MLCC supply deal with US Big Tech firm

    Samsung Electro-Mechanics will supply multilayer ceramic capacitors (MLCCs) for artificial intelligence (AI) servers to a U.S. Big Tech firm, signing a $294 million (454 billion won) contract. The company said in a regulatory filing Tuesday that it has signed a one-year supply deal that will begin on Jan. 1 next year. The company did not identify the customer, but sources said it is a U.S. cloud service provider. The deal accounts for approximately 9 percent of the component division's 2025 revenue of 5.2 trillion won. MLCC is a component that stabilizes power for semiconductors and other electronic devices. As power fluctuations in servers can directly affect performance, MLCCs have become increasingly important in AI server environments. AI server applications require high-performance MLCCs that can withstand the harsh operating conditions created by intensive computing workloads, such as high heat and greater stress for warpage. AI servers contain more than 10 times as many MLCCs as conventional servers. A typical AI graphics processing unit is equipped with more than 20,000 MLCCs, mea

    2 MIN READBy Nam Hyun-woo
    Samsung Electro-Mechanics bags $294 mil. MLCC supply deal with US Big Tech firm
  • Companies

    SAP Korea to host AI Tour event focused on autonomous enterprise strategy

    1 MIN READBy Jhoo Dong-chan
    SAP Korea to host AI Tour event focused on autonomous enterprise strategy
  • Companies

    Chinese EV makers gain traction in Korea's import car market despite uphill battle

    3 MIN READBy Yulu Ao
    Chinese EV makers gain traction in Korea's import car market despite uphill battle
  • Companies

    Lotte to launch Korea-Japan food joint venture in Singapore to spearhead Asia expansion

    2 MIN READBy Nam Hyun-woo
    Lotte to launch Korea-Japan food joint venture in Singapore to spearhead Asia expansion
  • Companies

    Hyundai Motor set to open advanced service center in Gyeonggi Province

    2 MIN READBy Yonhap
    Hyundai Motor set to open advanced service center in Gyeonggi Province
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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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APEC 2025

InterviewWalnut cake expert set to sweeten APEC summit with decadent 'K-desserts'

Among the official domestic sponsors of this week’s Asia-Pacific Economic Cooperation (APEC) meetings in Gyeongju, North Gyeongsang Province, Buchang Bakery is tasked with introducing global economic leaders and top decision-makers to the richness of Korean desserts. The brand’s specialty is its variety of walnut cakes — a beloved street treat that has remained popular in Korea for over half a century. Although reserved for the upcoming APEC Economic Leaders’ Summit on Friday and Saturday, Buchang Bakery’s pastries have already made an appearance at the region’s largest economic forum earlier this year — the third Senior Officials’ Meeting (SOM3) held in Incheon in July. Attendees of last week’s Finance Ministers’ Meeting (FMM) and Structural Reform Ministers’ Meeting (SRMM) in Incheon also had the opportunity to enjoy the spongy walnut cakes, available with a variety of fillings. Lee Kyung-won, president of Fresh Gourmet, which operates Buchang Bakery, was on hand at a booth in Songdo Convensia in Incheon during SOM3. The booth’s milk-and-salt and green pea wal

Oct 28, 2025By Ko Dong-hwan
Walnut cake expert set to sweeten APEC summit with decadent 'K-desserts'
APEC 2025

Business leaders to watch at APEC CEO Summit

Business leaders from the world's top companies have been gathering in Korea’s historic southeastern city of Gyeongju in North Gyeongsang Province to sharpen their global strategies and explore new business opportunities at the Asia-Pacific Economic Cooperation (APEC) CEO Summit. Notable participants include Nvidia CEO Jensen Huang, CATL Chairman Zeng Yuqun and the heads of Korea’s most influential conglomerates, including the leaders of Samsung, LG, SK and Hyundai Motor. Following a welcome reception on Tuesday, the main events will begin on Wednesday with an opening speech by SK Group Chairman Chey Tae-won, who also serves as chairman of the 2025 APEC CEO Summit and the Korea Chamber of Commerce and Industry (KCCI). He will address cutting-edge technologies and how rapidly changing global supply chains are reshaping the future business landscape. Huang, who co-founded Nvidia, the world’s highest-valued chipmaker, will deliver a special address on Friday about future business paradigms being driven by artificial intelligence (AI). He is widely expected to meet with the heads of Ko

Oct 28, 2025By Lee Min-hyung
Business leaders to watch at APEC CEO Summit
APEC 2025

Nvidia CEO expected to meet Samsung, Hyundai chairs in Seoul

Samsung Electronics Executive Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Chung Euisun are expected to meet with Nvidia CEO Jensen Huang in Seoul later this week, industry sources said Tuesday. The highly anticipated meeting is likely to focus on semiconductors, autonomous driving, software-defined vehicles and robotics. Huang is scheduled to visit Korea to attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit, which kicks off with a reception Tuesday in Gyeongju, North Gyeongsang Province. Lee and Chung are also set to participate in the APEC event. After the summit, Huang plans to attend a ceremony in Seoul on Thursday marking the 25th anniversary of Nvidia’s GeForce graphics processing unit (GPU) launch in Korea. In August, the three business leaders also met during the Korea-U.S. Business Roundtable held in Washington, D.C., on the sidelines of the summit between President Lee Jae Myung and U.S. President Donald Trump. This week’s meeting carries extra significance as Huang and Lee are expected to discuss whether Nvidia will adopt Samsung’s high-bandwi

Oct 28, 2025By Nam Hyun-woo
Nvidia CEO expected to meet Samsung, Hyundai chairs in Seoul
Tech & Science

‘Operation efficiency at core of AI infrastructure capability’

SEJONG — Naver Cloud showcased its hyperscale data center GAK Sejong, expressing its confidence and efficiency in designing and operating data centers, the most important infrastructure for artificial intelligence (AI) services. During a press event at the center on Monday, Naver Cloud Chief Information Officer Lee Sang-jun said the competitiveness of AI infrastructure depends not only on how many graphics processing units (GPUs) a company secures, but also on how stably and efficiently it operates those resources. “By maintaining the balance between GPU sourcing and internalization of operational technologies, Naver Cloud is strengthening its AI infrastructure competitiveness,” he said. “These days, doing AI business requires massive investment: large-scale data centers like this one, and the huge amount of electricity they consume,” Lee added. “But expanding those things doesn’t happen overnight. Unlike global tech giants that spend on an unimaginable scale, we have to pursue the most efficient approach possible. I believe that through technological internalization, we w

Oct 28, 2025By Nam Hyun-woo
‘Operation efficiency at core of AI infrastructure capability’
APEC 2025

ContributionBeyond industrial power: building a cooperative manufacturing order

As world leaders gather in Gyeongju, North Gyeongsang Province, this week for the Asia-Pacific Economic Cooperation (APEC) summit — a meeting that will mark the first United States–China presidential encounter in years — the world’s attention turns to the uneasy yet vital relationship between its two largest economies. Witnessing the fierce rivalry between these two powers, especially in manufacturing, raises a deeper question: Why did the world once celebrate America’s industrial dominance, yet now view China’s rise in manufacturing with unease? In the 1950s, the U.S. produced half of the world’s manufactured goods: 57 percent of all steel, 80 percent of automobiles and 94 percent of aircraft. However, this overwhelming dominance was not regarded as a threat. The war-torn world desperately needed America’s productive power, and that need endowed U.S. leadership with moral legitimacy. The U.S. rebuilt Europe and Asia, established the Bretton Woods system and underwrote the rules of a liberal economic order. American industrial supremacy was framed as a public good — the

Oct 28, 2025By Nam Hyun-woo
Beyond industrial power: building a cooperative manufacturing order
Business

Columbus flaunts 'servant leadership' as city's spirit

JINJU, South Gyeongsang Province — The U.S. city of Columbus in Georgia highlighted its long-standing “servant leadership” approach for local residents and businesses at a forum in Jinju, presenting a new model of leadership for today’s rapidly changing technological and business environment. The third session of the 2025 Jinju International Forum on Entrepreneurship focused on how the city’s unique leadership spirit has shaped communities and fostered more sustainable businesses. Seven participants took part in the session, six from Columbus and Korea Times President-Publisher Oh Young-jin, who joined as a “surprise guest speaker.” They likened Jinju’s identity as the birthplace of founders of Korea’s global companies to Columbus’ vision of grounded, community-oriented entrepreneurship. Columbus Mayor Skip Henderson said during the forum that both cities share a “natural friendship.” “We share an industrial and manufacturing background. Columbus was formed as a textile town using our river for power. Jinju is the leading manufacturer of silk and bio industrial

Oct 27, 2025By Ko Dong-hwan
Columbus flaunts 'servant leadership' as city's spirit
  • UN, universities highlight entrepreneurship in Jinju
  • Late LG chairman remembered as model leader
  • Cultural ethics, abandonment shape model entrepreneur
APEC 2025

Global LNG leaders gather in Gyeongju to tackle AI-era energy demands

SK Innovation will host the Asia Pacific LNG Connect session on Friday during the APEC CEO Summit, organized by the Korea Chamber of Commerce and Industry (KCCI). The session will address LNG, or liquefied natural gas, supply stability and sustainability in Northeast Asia, the world’s largest LNG-consuming region, and its role in meeting rising power demand in the artificial intelligence (AI) era. The APEC CEO Summit, scheduled from Tuesday to Friday in Gyeongju, North Gyeongsang Province, is the Asia-Pacific region’s largest annual business forum, attracting around 1,000 global CEOs, academics and government officials to discuss key economic issues and future directions. SK Group Senior Vice Chairman Chey Jae-won and SK Innovation E&S President Choo Hyeong-wook will outline their vision for a sustainable energy ecosystem at the LNG session. Leaders from 10 companies across six countries, including Thailand’s PPT and Japan’s Tokyo Gas, will discuss energy security, competitiveness and sustainability in a session moderated by Keisuke Sadamori of the IEA. The United States’ strat

Oct 27, 2025By Lee Gyu-lee
Global LNG leaders gather in Gyeongju to tackle AI-era energy demands
  • SK chairman's global reach shapes largest-ever APEC CEO Summit
APEC 2025

SK chairman's global reach shapes largest-ever APEC CEO Summit

The upcoming Asia-Pacific Economic Cooperation (APEC) CEO Summit, scheduled in Gyeongju from Tuesday through Friday, is shaping up to be the largest in history, in terms of the number and caliber of speakers, participants and program content. The event is expected to bring together over 1,700 business leaders from the 21 APEC member economies. As attention turns to whether the APEC Economic Leaders’ Summit will yield a breakthrough in global tariff disputes, the gathering of top business and industry figures is also drawing focus for insights into future economic trends. The driving force behind this year’s expanded edition is its host, Chey Tae-won, chairman of SK Group and the Korea Chamber of Commerce and Industry (KCCI). As both chair and head of the organizing committee, Chey has steered the planning and operations of the summit, leveraging his extensive international network and leadership to secure the participation of key global figures. A longtime advocate for the international expansion of Korean companies, Chey also played a leading role in Korea’s bid for World Expo 2030

Oct 27, 2025By Lee Gyu-lee
SK chairman's global reach shapes largest-ever APEC CEO Summit
  • Global LNG leaders gather in Gyeongju to tackle AI-era energy demands
Business

UN, universities highlight entrepreneurship in Jinju

JINJU, South Gyeongsang Province — The United Nations and universities worldwide on Monday highlighted the roles of entrepreneurship amid fast-changing technological trends that seemingly overwhelm global communities, recalling past corporate leaders who valued the idea of putting people first and the significance of sustainable goals and higher education. Day 1 of the 2025 Jinju International Forum on Entrepreneurship focused on the topic of pioneering spirits and the required role of entrepreneurs in tackling global issues including climate change, cutting-edge technologies, the rise of populism and various global trade hurdles, such as the spread of protectionism and unstable global supply chains. Amid such challenges, Korean entrepreneurship drew attention from participants of the event, as the past 70 years saw business leaders here rebuild the nation from the ruins of the 1950-53 Korean War to become a global economy. Jinju, a southern city in South Gyeongsang Province and the birthplace of business moguls who founded global Korean conglomerates like LG, Samsung, GS and Hyosung

Oct 27, 2025By Ko Dong-hwan
UN, universities highlight entrepreneurship in Jinju
  • Columbus flaunts 'servant leadership' as city's spirit
  • Late LG chairman remembered as model leader
  • Cultural ethics, abandonment shape model entrepreneur
APEC 2025

Hanwha expands global security network at APEC forum

Hanwha Aerospace, Hanwha Systems and Hanwha Ocean, three defense companies under the Hanwha Group, held the “Hanwha Future Tech Forum: Defense” in Gyeongju, North Gyeongsang Province, Monday. The event, held under the theme “Sustainable Peace for All,” is an official side event of the Asia-Pacific Economic Cooperation (APEC) CEO Summit, bringing together about 270 participants, including domestic and international military officials, security experts and defense industry CEOs. In his welcome remarks, Son Jae-il, CEO of Hanwha Aerospace, highlighted the importance of preparing for peace responsibly in an era where artificial intelligence (AI) and advanced manufacturing converge, stressing that Hanwha’s technology is aimed at protection rather than provocation. He added that the group is investing in frontier areas such as AI, smart manufacturing, space and energy, while expanding a trust-based network for global security cooperation. The forum also offered networking opportunities for small and mid-sized Korean defense companies to connect with major domestic firms, including K

Oct 27, 2025By Nam Hyun-woo
Hanwha expands global security network at APEC forum
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