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  • Companies

    Hyundai Motor’s Namyang R&D Center drives software-defined vehicle transformation

    HWASEONG, Gyeonggi Province — Inside a dimly lit studio at Hyundai Motor Group’s Namyang R&D Center, a researcher sits in a carbon-fiber cockpit surrounded by a massive 270-degree curved screen. As he hits the accelerator, the simulated road rushes past, and the entire rig tilts and vibrates, mimicking subtle asphalt textures of a real test track. Building countless physical prototypes for every design iteration is no longer viable. Instead, Hyundai Motor relies on a high-performance driving simulator operating on a six-degrees-of-freedom (6DOF) motion system. The simulator translates linear and rotational movements — including roll and pitch — into an ultra-realistic driving experience. To achieve maximum fidelity, the carmaker scanned its Namyang proving grounds down to the millimeter, capturing specific slopes, speed bumps and surface roughness. To prevent massive rendering files from lagging, the company deployed a world-first "Terrain Server" system that streams topographical data in real time based on the virtual car’s location. The simulator is highly versatile. Researcher

    3 MIN READBy Lee Min-hyung
    Hyundai Motor’s Namyang R&D Center drives software-defined vehicle transformation
  • Companies

    6 carmakers to recall over 146,000 vehicles due to faulty parts

    1 MIN READBy Yonhap
    6 carmakers to recall over 146,000 vehicles due to faulty parts
  • Business

    208 kg of heavy water leaked from Wolsong-4 reactor; no radiation issue reported

    1 MIN READBy Yonhap
    208 kg of heavy water leaked from Wolsong-4 reactor; no radiation issue reported
  • Business

    InterviewAirbility bets on high-speed drones as Iran war reshapes counter-drone market

    4 MIN READBy Lee Hyo-jin
    Airbility bets on high-speed drones as Iran war reshapes counter-drone market
  • Tech & Science

    SK hynix finishes filing for US depositary share offering

    2 MIN READBy Nam Hyun-woo
    SK hynix finishes filing for US depositary share offering
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Banking & Finance

Lithuanian delegation courts Toss Bank for EU entry

A Lithuanian economic delegation highlighted the potential for Toss Bank to expand into Europe via Lithuania, committing to a favorable regulatory environment and active support for attracting investment, the internet-only bank said Friday. According to Toss Bank, Marius Skuodis, a board member of the Bank of Lithuania, along with representatives from Invest Lithuania and the Lithuanian Embassy in Korea, visited its headquarters in Seoul Thursday. The visit marked the third consecutive year of such meetings, following their initial engagement in November 2023. The delegation praised Toss Bank for its innovation, commitment to inclusive finance and its achievement of turning a profit just three years after its launch. They also highlighted Lithuania’s potential as a strategic base for Toss Bank’s expansion into Europe. "Europe is home to 500 million potential customers, with diverse market players driving innovation," Skuodis said. "Lithuania is one of Europe’s leading countries in digital finance and fintech. We hope Toss Bank will join us as an innovative partner, and we will spar

Sep 12, 2025By Lee Yeon-woo
Lithuanian delegation courts Toss Bank for EU entry
Companies

From noodles to snacks, retailers cash in on 'KPop Demon Hunters'

After conjuring up a magical streaming hit, “KPop Demon Hunters” is now casting a spell over snack aisles. The Netflix megahit animation about a fictional K-pop girl group by day and demon fighters by night has become a silver bullet for major food companies seeking to boost sales. Firms are scrambling to roll out products themed after Huntrix and Saja Boys — the two rival groups in the movie — hoping the film’s popularity will drive purchases not only from international fans but also from local consumers. One of the firms that benefited from the movie is Nongshim. Scenes from the movie showed Huntrix members eating instant noodles and snacks that appeared to be inspired by the food giant’s Shin Ramyun and Shrimp Crackers. Viewers drew the connection after spotting a similar logo on the noodles and noticing the shape of the crackers and shared the discovery online, generating buzz for the company. Nongshim has since begun cashing in on the trend. Starting Sept. 29, the company will launch a new Shin Ramyun instant noodle bundle online. It contains six cups featuring the movi

Sep 12, 2025By Ko Dong-hwan
From noodles to snacks, retailers cash in on 'KPop Demon Hunters'
Tech & Science

KAIST professor Kim Joung-ho receives Paiknam Prize

Hanyang University’s Paiknam Memorial Association has awarded Korea Advanced Institute of Science and Technology (KAIST) professor Kim Joung-ho with the 7th Paiknam Prize Engineering Award, the association said Friday. The Paiknam Prize honors those who make noteworthy achievements in the fields of engineering, music and human rights. It was established to commemorate the philosophy of the university’s founder, Kim Lyun-joon, also known by his pseudonym of Paiknam. Kim is well-known for his work in high-bandwidth memory (HBM), having been influential in the fundamental concept, design and architecture of the memory chip, a core component of artificial intelligence (AI) processors. Backed by Kim’s research, Korea became the world’s first country to mass produce HBM in 2013, and major players such as SK hynix and Samsung Electronics are influencing the global tech world. Professor Kim recently presented a next-generation HBM road map charting the path from HBM4 to HBM8, and is spearheading international standardization and technological development through collaborations with Googl

Sep 12, 2025By Lee Gyu-lee
KAIST professor Kim Joung-ho receives Paiknam Prize
Tech & Science

SK hynix completes HBM4 development, mass production ready

SK hynix has completed the development of high-bandwidth memory 4 (HBM4), a next-generation memory for artificial intelligence (AI) accelerators, which is now ready for mass production, the chipmaker said Friday. SK hynix is the first chipmaker in the world to complete mass production of HBM4, the sixth generation of the advanced dynamic random access memory (DRAM) variant, which stacks multiple DRAM chips to dramatically boost data processing speeds compared to conventional products. “The completion of HBM4 development marks a milestone in the semiconductor industry,” SK hynix HBM development head Cho Joo-hwan said. “By supplying the product that meets customer needs in performance, power efficiency and reliability in a timely manner, SK hynix will fulfill its time to market and maintain a competitive position.” SK hynix has cemented its status as the world’s most influential memory chipmaker on the back of its dominant supply of HBM3 and HBM3E for Nvidia’s AI accelerators. As demand rises, chipmakers are scrambling to secure an early lead in HBM4. SK hynix has pulled ahead

Sep 12, 2025By Nam Hyun-woo
SK hynix completes HBM4 development, mass production ready
Companies

HMM signs $309 mil. shipping deal with Brazil's Vale

HMM, South Korea's largest shipping company, said Friday it has signed a 430 billion-won ($309 million) transportation deal with Vale S.A., Brazil's top mining company. Under the agreement, HMM will deploy five bulk carriers to transport iron ore for Vale, the world's biggest producer of iron ore and nickel, from April 2026 to March 2036, the company said in a press release. The latest 10-year deal follows a 636 billion-won iron ore shipping contract HMM clinched with Vale in May. "Securing stable volumes of bulk-carrying contracts will help offset volatility in the container-shipping market and support growth," a company spokesperson said. HMM, which operates 90 container carriers, has mainly focused on container shipping but plans to expand into bulk ships and roll-on/roll-off (ro-ro) vessels for vehicle transport in the coming years. The company said it aims to expand its bulk fleet to 110 vessels by 2030 from the current 50, while adding seven ro-ro ships by the end of next year. HMM sold all of its ro-ro ships in 2002, but earlier this month, it added the first of the seven planned ve

Sep 12, 2025By Yonhap
HMM signs $309 mil. shipping deal with Brazil's Vale
Companies

Hyundai chief vows greater contribution to US economy despite Georgia raid: report

The head of Hyundai Motor Group has pledged to expand the automaker's contribution to the U.S. economy, even as the launch of a battery plant in Georgia faces a delay following an unprecedented immigration raid of workers at the site last week, according to a media report Friday. According to Automotive News, Euisun Chung, executive chair of the Korean auto giant, said at an event hosted by the U.S. publication in Detroit that the United States is Hyundai's biggest and most important market, adding that Hyundai hopes to "contribute more" through expanded investment and eco-friendly vehicles. Chung said Hyundai will continue to develop electric and hydrogen-powered models in response to growing demand for environmentally friendly mobility in the U.S. The executive chair said he was relieved to learn that hundreds of detained Korean workers at the construction site in Bryan County near Savannah, Georgia, were returning home safely. He also expressed hope that Seoul and Washington will work together to build a more stable system for future cooperation, the outlet reported. Jose Munoz, chief

Sep 12, 2025By Yonhap
Hyundai chief vows greater contribution to US economy despite Georgia raid: report
Companies

IAA 2025 Samsung Display taps mobility industry as new growth engine

Samsung Display is steering its OLED technology into the fast-growing mobility sector, positioning it as the company’s new growth engine. “Samsung OLED will become a digital platform that connects people with the future of self-driving mobility,” Lee Joo-hyung, the company’s executive vice president and head of mobile display business, said during a keynote session at IAA Mobility 2025 in Germany on Wednesday (local time). Speaking as a session panelist, Lee noted that displays are taking on a pivotal role in next-generation vehicles. “In the era of software-defined vehicles and autonomous driving, the display is emerging as both the key interface connecting people with their cars and a vital digital platform,” he said. “OLED, in particular, when paired with AI (artificial intelligence), can recognize surroundings, enable advanced safety features through deep learning and ultimately serve as essential infrastructure that creates new value for the future of mobility.” At this year’s mobility show, the company debuted its automotive OLED brand, DRIVE, underscoring its com

Sep 11, 2025By Lee Gyu-lee
[IAA 2025] Samsung Display taps mobility industry as new growth engine
Business

Gov't to support shipbuilding projects involving Arctic routes: minister

The government will provide financial support for projects aimed at building icebreakers that will run through Arctic shipping routes, the oceans minister said Thursday, as Korea plans to begin pilot operations on the envisioned Northern shipping corridors next year. "We will invest 11 billion won ($8 million) per vessel built with icebreaking capabilities for operation on the Arctic shipping routes," Minister Chun Jae-soo said in a press conference, noting the Ministry of Oceans and Fisheries has allocated funds for the project in next year's ministry budget. Chun projected that icebreakers will be able to operate in the Arctic corridors in earnest from 2030, citing a study conducted by Pohang University of Science and Technology (POSTECH), one of Korea's top tech universities. The ministry has earmarked a budget of 7.3 trillion won, including 1.66 trillion won for expanding and enhancing port infrastructure in the southeastern region in anticipation of the expansion of the Northern shipping routes, for its 2026 operations. The Lee Jae Myung administration has pledged to make the southe

Sep 11, 2025By Yonhap
Gov't to support shipbuilding projects involving Arctic routes: minister
Tech & Science

Samsung SDS unveils strategy as full-stack partner for AI transformation

Samsung SDS highlighted its full-stack artificial intelligence (AI) service strategy, encompassing infrastructure, consulting, platforms and solutions, to help companies across industries with AI transformation. The company held its annual REAL Summit at Coex in southern Seoul on Thursday, opening the event with a keynote session to showcase its strategy, global partnerships and use cases from its clients. “When we talk about AI these days, the biggest topic is AI agents, and with them, we are entering a new realm of opportunities … AI innovation requires not only expertise in AI and cloud technologies and an understanding of vast, complex enterprise data, but also careful consideration of security,” Samsung SDS CEO Lee June-hee said during the session. “Verifying each step and finding real, applicable use cases are far from easy. That’s why anyone considering AI innovation inevitably needs a reliable information technology (IT) partner.” To drive AI transformation in business, Samsung SDS offers a full-stack service with its generative AI platform FabriX that connects multip

Sep 11, 2025By Lee Gyu-lee
Samsung SDS unveils strategy as full-stack partner for AI transformation
Banking & Finance

Vietnam's top prosecutors visit Toss Bank to study cybersecurity, digital innovation

Toss Bank said Thursday that the Supreme People's Procuracy of Vietnam visited its headquarters in Seoul to learn about the internet-only bank's experience in cybersecurity and digital innovation. At a meeting held Wednesday, Toss Bank CEO Rhee Eun-mi and Chief Information Security Officer Lee Jeong-ha shared the bank's success and operational procedures with the Vietnamese delegation, led by Hoang Minh Tien, director general of the department of criminal justice statistics and digital transformation. The two sides held in-depth discussions on Vietnam's challenges in digital transformation, technical strategies for combating cybercrime and measures to strengthen the security of data-driven case management systems. Vietnam is currently pursuing a nationwide digital transformation, and as part of these efforts, it is working to establish a digital prosecution office. The visit was organized under the auspices of the United Nations Office on Drugs and Crime. "It's remarkable that Toss Bank turned a profit within three years while actively pursuing inclusive finance," Hoang said. "Vietnam ha

Sep 11, 2025By Lee Yeon-woo
Vietnam's top prosecutors visit Toss Bank to study cybersecurity, digital innovation
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