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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

    Samsung union approves confidence vote for chairman after wage deal backlash

    1 MIN READBy Yonhap
    Samsung union approves confidence vote for chairman after wage deal backlash
  • Companies

    BMW Korea pins high hopes on iX3 electric SUV

    2 MIN READBy Lee Min-hyung
    BMW Korea pins high hopes on iX3 electric SUV
  • 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
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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

Korea’s AI alliances with global tech giants spotlighted ahead of APEC CEO Summit

As the world transitions to artificial intelligence (AI) technologies, Gyeongju, North Gyeongsang Province, is set to take center stage in the global business community as the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit brings together top business moguls to spotlight AI as a key driver of economic growth. In recent years, Korean businesses have been scrambling to expand their reach into AI, forming partnerships with global tech giants and seeking to play a pivotal role in reshaping the future of industry and trade across the Asia-Pacific. Since 2018, Samsung has rapidly expanded its AI footprint, establishing dedicated research centers around the world, including the United States, Canada, United Kingdom and Russia, while discussing partnerships with U.S. tech giants Google and Microsoft. Samsung deepened its collaboration with Microsoft this year and integrated Microsoft’s generative AI platform, Copilot, into Samsung’s latest lineup of smart TVs, monitors and Galaxy devices, allowing users to access the platform directly through voice or remote commands. Last week, th

Oct 27, 2025By Lee Gyu-lee
Korea’s AI alliances with global tech giants spotlighted ahead of APEC CEO Summit
APEC 2025

Sponsors play key role in Korea’s hosting of APEC 2025

Korea’s hosting of this week’s Asia-Pacific Economic Cooperation (APEC) events in Gyeongju was bolstered by 66 official sponsors, ranging from small- and medium-sized enterprises (SMEs) to major global firms. In exchange for official sponsorship, companies received authorization to use the event’s official butterfly emblem for promotional purposes. The event, which runs from Monday to Saturday, encompasses the APEC CEO Summit and the APEC Economic Leaders’ Meeting. The sponsors include six beauty companies, among them Korea’s largest beauty retail platform CJ Olive Young, as well as major brands like LG H&H and APR. Food companies make up the largest category of sponsors, with 29 providing products for event participants. Globally recognized firms such as Paris Baguette, Nongshim, and CJ CheilJedang supplied bakery items, instant noodles, and snacks for meetings and banquets. Jeju Special Self-Governing Province Development Corp., producer of the country’s popular Samdasoo drinking water, contributed 138,000 label-free bottles for the week’s events and supported the Senior

Oct 27, 2025By Ko Dong-hwan
Sponsors play key role in Korea’s hosting of APEC 2025
Companies

Lutnick to have dinner with Korean business leaders

U.S. Secretary of Commerce Howard Lutnick has reportedly suggested a dinner meeting with Korea’s top conglomerate leaders from Samsung, SK, LG and Hyundai Motor on the sidelines of this week's Asia-Pacific Economic Cooperation (APEC) summit. The dinner will take place Wednesday after President Lee Jae Myung holds his second summit with U.S. President Donald Trump in Gyeongju, North Gyeongsang Province. Lutnick is believed to have made the suggestion through the U.S. Embassy in Seoul. Both sides are fine-turning a detailed agenda for the upcoming meeting. Potential participants for the dinner include Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, LG Group Chairman Koo Kwang-mo, Hyundai Motor Group Executive Chair Chung Euisun and Hanwha Group Vice Chairman Kim Dong-kwan. The Korean business leaders recently visited the U.S. to play golf with Trump and meet with ranking officials from his administration for talks on U.S. trade policies. Korea and the U.S. remain in a tight tug-of-war in their long-protracted trade talks, even after both sides reached

Oct 27, 2025By Lee Min-hyung
Lutnick to have dinner with Korean business leaders
Companies

Tennessee Gov. Lee discusses biz ties with Hankook & Company

Gov. Bill Lee of the U.S. state of Tennessee met with officials from Korean automotive parts conglomerate Hankook & Company Group last week to discuss business ties, the company said Sunday. The U.S. governor met with Lee Soo-il, vice president of Hankook & Company, and Park Jong-ho, the chief executive officer, along with other key officials at the business group's headquarters in Seongnam, south of Seoul, on Friday, the conglomerate said. The business group, which has Hankook Tire & Technology under its wing, operates production lines for automotive batteries and tires in Clarksville, northern Tennessee. During the meeting, the two sides discussed ways to expand cooperation in the mobility industry, including establishing a business-friendly environment and maintaining a stable energy supply for the production facilities. "Tennessee boasts an outstanding workforce, logistics network and tax environment, offering favorable conditions for Korean companies seeking to enter the North American market," an official from the group said. The business group is currently expanding its Tennessee-b

Oct 26, 2025By Yonhap
Tennessee Gov. Lee discusses biz ties with Hankook & Company
Companies

Grand Koleos redefines in-car entertainment

Renault Korea has joined the growing trend of integrating entertainment and office features into vehicles, unveiling a multifunctional wide screen in its flagship SUV, the Grand Koleos. The 2026 mid-size SUV offers an expanded interior, along with the introduction of a new panorama sunroof on its Esprit Alpine and Iconic trim editions. Featuring a top-slider design and integrated wind deflector, the system maximizes cabin space while minimizing airflow from outside, providing a more spacious and quiet interior. The new Grand Koleos comes equipped with the openR Panorama Screen, described by Renault as a “secret weapon rare among domestic vehicles.” One standout feature is R:Arcade Game, which offers up to 20 games, some of which can be played with a smartphone as a control pad. Another highlight is R:Beat, the brand’s karaoke function first introduced in the QM6. The upgraded version in the Grand Koleos allows riders to sing along to the latest hits, skip interludes and save favorite songs to a playlist. It can also connect to a wireless microphone, provided to all customers. Accor

Oct 26, 2025By Ko Dong-hwan
Grand Koleos redefines in-car entertainment
Companies

SK chairman proposes initiatives to boost slow-growing Korean economy

SK Group Chairman Chey Tae-won on Sunday proposed new approaches to Korea’s slow-growing economy, highlighting an economic alliance with Japan and investment in artificial intelligence. Chey, who also serves as chairman of the Korea Chamber of Commerce and Industry (KCCI), emphasized the importance of the upcoming Asia-Pacific Economic Cooperation CEO Summit, calling it a platform for finding solutions in the era of protectionism. The KCCI will host the event, scheduled for Tuesday through Friday. “It is difficult to restore free trade under the WTO system as it existed in the past, and the export-driven growth model that has continued since the 1960s no longer works because of tariff barriers,” Chey said during a joint interview with YouTube channels. He proposed forging an economic alliance with Japan to help Korea respond to trading blocs and protectionism. “By cooperating with Japan, we can create a market worth $6 trillion and achieve economies of scale. This would form the world’s fourth-largest economic bloc, enabling us to better respond to external conditions,” he sa

Oct 26, 2025By Nam Hyun-woo
SK chairman proposes initiatives to boost slow-growing Korean economy
Companies

HD Hyundai, Huntington Ingalls join forces on Navy auxiliary ships

HD Hyundai has agreed to partner with Huntington Ingalls Industries (HII), the largest defense shipbuilder in the United States, to jointly build the U.S. Navy’s next-generation fleet auxiliary ships — marking the first-ever collaboration between Korea and the U.S. in naval shipbuilding. On Sunday, HD Hyundai signed a memorandum of agreement with HII in Gyeongju, North Gyeongsang Province — the host city of the 2025 Asia-Pacific Economic Cooperation (APEC) summit — to cooperate on the design and construction of naval and commercial vessels. The signing ceremony was attended by Joo Won-ho, president of the Naval and Special Ship Business Unit at HD Hyundai Heavy Industries (HHI), and Eric Chewning, executive vice president of Maritime Systems and Corporate Strategy at HII. The next-generation auxiliary ships under development by the U.S. Navy are designed to deliver fuel and logistical supplies to combat vessels operating in forward areas. Featuring enhanced mobility and improved operational efficiency compared to existing replenishment ships, the new class is expected to play a

Oct 26, 2025By Ko Dong-hwan
HD Hyundai, Huntington Ingalls join forces on Navy auxiliary ships
Companies

Samsung rebounding after Lee’s third year as chairman

Samsung Electronics Executive Chairman Lee Jae-yong marked three years at the helm of Korea’s largest conglomerate on Monday, as the group shows signs of renewed momentum. After a year clouded by concerns over slowing growth, Samsung has begun to turn the tide in recent months with a rebound in its semiconductor business and the easing of Lee’s legal uncertainties, fueling optimism about a broader recovery across the group. Lee became chairman of Samsung Electronics on Oct. 27, 2022, two years after the death of his father, former Samsung Group Chairman Lee Kun-hee. Upon his appointment, he told executives of Samsung affiliates that “now is the time to act with greater boldness and ambition.” Since then, Lee has largely refrained from making public remarks on running the tech giant, instead maintaining a quiet leadership style and stressing Samsung’s role in the Korean economy and society during his public appearances. However, questions were raised over Samsung’s semiconductor prowess as the company’s profitability slowed down, with critics questioning the company’s corp

Oct 26, 2025By Nam Hyun-woo
Samsung rebounding after Lee’s third year as chairman
APEC 2025

4 major financial group chiefs head to Gyeongju for APEC CEO Summit

The heads of Korea’s four major financial groups — KB, Shinhan, Hana and Woori — will travel to Gyeongju, North Gyeongsang Province, to attend the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit, industry officials said Friday. The executives are expected to explore global market trends and actively promote Korea’s financial industry on the international stage. Around 1,700 business leaders from 21 countries are expected to attend the event. High-profile participants include Nvidia CEO Jensen Huang, Amazon Web Services CEO Matt Garman and Citi CEO Jane Fraser. According to industry sources, KB Financial Group Chairman Yang Jong-hee, Shinhan Financial Group Chairman Jin Ok-dong, Hana Financial Group Chairman Ham Young-joo and Woori Financial Group Chairman Yim Jong-yong will attend the opening ceremony of the APEC CEO Summit on Wednesday. They will be joined by KB Kookmin Bank CEO Lee Hwan-ju and Woori Bank CEO Jung Jin-wan, who will accompany their respective groups’ chairmen. Expanding global networks and winning the confidence of global investors have recently become

Oct 25, 2025By Lee Yeon-woo
4 major financial group chiefs head to Gyeongju for APEC CEO Summit
Companies

Hyundai Motor, Kia make renewed effort in Japan

Hyundai Motor and Kia will showcase their strategic eco-friendly vehicles at the upcoming Japan Mobility Show 2025, in a renewed push for the Japanese market — long dominated by the country’s domestic carmakers. This marks the first time since 2005 the two Korean carmakers will jointly attend the event, slated to run from Oct. 30-Nov. 9 in Tokyo. Hyundai Motor will unveil the all-new NEXO fuel cell electric vehicle for the first time in Japan on the sidelines of the upcoming mobility fair. The carmaker will also promote a selection of its fully electric vehicles (EVs), such as the flagship IONIQ 5 electric SUV and the Inster Cross subcompact electric SUV. The carmaker’s return to the Japanese mobility show came about 12 years after it last attended in 2013. Hyundai Motor had been placing less focus on the Japanese auto market amid its falling sales and ultra-tough competition against the country’s home-grown carmakers, such as Toyota Motor. Hyundai Motor, however, has shifted its strategy to spur its global sales growth, particularly in eco-friendly cars, as the carmaker faces mo

Oct 24, 2025By Lee Min-hyung
Hyundai Motor, Kia make renewed effort in Japan
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