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  • Tech & Science

    Tech leaders showcase technology at Quantum Korea 2026

    Leading technology companies and institutions showcased their latest quantum technology developments at Quantum Korea 2026, which opened on Thursday, as the government seeks to position Korea as a global leader in quantum technology through various policy initiatives. Hosted by the Ministry of Science and ICT since 2023, Quantum Korea will run through Saturday. This year’s edition focuses on how quantum technologies are being implemented and used in actual settings. A total of 56 companies and research organizations from 12 countries, including SK Telecom and KT, participated in the event, displaying quantum computer models and showcasing technologies that use quantum-based encryption and other security solutions. The telecom companies focused on quantum security solutions, as advances in quantum computing are expected to increase the risk of existing encryption systems being compromised. The key concept in their exhibitions was quantum key distribution (QKD) technology. QKD sends encryption keys using the quantum states of photons. Because observing a photon changes its quantum state,

    2 MIN READBy Nam Hyun-woo
    Tech leaders showcase technology at Quantum Korea 2026
  • Companies

    Korea expresses regret over US House committee’s 'lopsided' Coupang report

    2 MIN READBy Ko Dong-hwan
    Korea expresses regret over US House committee’s 'lopsided' Coupang report
  • Companies

    KEPCO rallies industry to commercialize direct current power systems

    2 MIN READBy Lee Kyung-min
    KEPCO rallies industry to commercialize direct current power systems
  • Companies

    BYD Korea looks to offset subsidy exclusion with PHEV sales

    2 MIN READBy Lee Min-hyung
    BYD Korea looks to offset subsidy exclusion with PHEV sales
  • Companies

    POSCO resets portfolio, expands into energy, lithium

    2 MIN READBy Ko Dong-hwan
    POSCO resets portfolio, expands into energy, lithium
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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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Tech & Science

Nvidia, Microsoft showcase latest industrial AI solutions at Seoul exhibition

Nvidia, Microsoft and other global tech giants showcased their cutting-edge artificial intelligence (AI) solutions for industrial application at an AI-themed business exhibition that kicked off in Seoul on Wednesday, according to officials. The inaugural Industrial AI Expo, hosted by the Ministry of Trade, Industry and Energy, opened for a three-day run at the COEX convention center in western Seoul earlier in the day under the theme of "Integration of AI and Industries." Some 100 global and domestic tech powerhouses, also including HD Hyundai and LG CNS, participated in the event to present their advanced AI solutions for automobile, shipbuilding, electronics, battery and other industries. On the sidelines of the event, the Korean Agency for Technology and Standards signed a memorandum of understanding with 10 major industrial associations to cooperate in aggregating high-quality data for applying AI in the manufacturing sector. "The government will strengthen cooperation with the private sector ... to foster distribution of AI factories and develop physical AI for significant enhanceme

Sep 3, 2025By Yonhap
Nvidia, Microsoft showcase latest industrial AI solutions at Seoul exhibition
Companies

Kia launches EV5 compact electric SUV in S. Korea

Kia on Wednesday launched the EV5, the company's fifth dedicated electric vehicle (EV), in South Korea, with plans to export the model to Europe and Canada in the near future. The EV5 is a compact electric sport utility vehicle (SUV) built on Hyundai Motor Group's E-GMP platform. Kia said the South Korean model features design and safety specifications tailored to local consumer needs and regulations, differing from the version introduced earlier in China. The EV5 will be produced at Kia's Gwangju plant for both the domestic and export markets. The exterior adopts Kia's "Opposites United" design philosophy, combining the model's boxy body with curved elements. Inside, it offers a spacious passenger space and provides 965 liters of luggage space. The model is equipped with an 81.4 kilowatt-hour (kWh) nickel-cobalt-manganese (NCM) battery paired with a 160 kilowatt front-wheel-drive motor. The EV5 uses batteries supplied by China's CATL, rather than those from South Korean battery makers. Kia said the choice was aimed at ensuring a stable supply chain, adding that the decision factored in co

Sep 3, 2025By Yonhap
Kia launches EV5 compact electric SUV in S. Korea
Companies

Gov't unveils $9.74 bil. financial aid to cushion blow from US tariffs

The Korean government Wednesday came up with a support package for industries affected by U.S. tariffs, including 13.6 trillion won ($9.74 billion) for business financing and a record 270 trillion won for export credit insurance. According to the Ministry of Trade, Industry and Energy, the comprehensive emergency strategy was based on three principles: fully mobilize policy finance, coordinate efforts across all ministries and address corporate needs. In July, Seoul and Washington agreed to a 15 percent blanket tariff on Korean exports after rounds of negotiations. However, despite a reduction from the previously threatened 25 percent, the rate still presents a significant financial challenge. The package aims to cushion local exporters from the tariff. “Some 13 government ministries have joined forces to develop these countermeasures in response to the tariffs,” Industry Minister Kim Jung-kwan said. “We will move swiftly to ensure that businesses will feel the impact of today’s measures on the ground. And as the trade environment continues to shift, we will keep uncovering and d

Sep 3, 2025By Lee Gyu-lee
Gov't unveils $9.74 bil. financial aid to cushion blow from US tariffs
Companies

Ride-hailing rivalry intensifies as Kakao, Uber launch membership services

The mobility market is entering a fierce membership war as leading ride-hailing services Kakao Mobility and Uber both roll out paid subscription programs, aiming to secure loyal customers and build stable revenue. Kakao Mobility recently launched its subscription service, Kakao T Members, targeting frequent users with a curated package of benefits. Meanwhile, Uber Taxi is introducing Uber One to the Korean market, setting up to challenge Kakao’s long-standing dominance by offering attractive rewards while matching its competitor's pricing. Kakao Mobility membership, officially launched Aug. 27, comes in two options: Mobility Plus and My Car Plus. Mobility Plus, priced at 4,900 won ($3.52) per month, is targeted at taxi users. It offers 3 percent payback in points when using premium taxi services like Venti or Black, and 5 percent payback for bike- or pet-friendly ride services. It also includes coupons to use its Blue and Booster services, and up to 20,000 won worth of monthly coupons for selected rental cars, leisure activities and overseas ride-hailing services. The My Car Plus membe

Sep 3, 2025By Lee Gyu-lee
Ride-hailing rivalry intensifies as Kakao, Uber launch membership services
Companies

Samsung, Hyundai see increasing labor risk after SK lifts incentive cap

Samsung Electronics and Hyundai Motor are facing a major labor challenge, as their unionized workers are expected to urge management to lift incentive caps following SK hynix’s recent decision to abolish the upper limit on the company’s profit-sharing incentive system in an agreement with its labor union Monday. Earlier, the chipmaker offered a one-time incentive of up to 1,000 percent of employee base salary each year, but the new agreement removes the ceiling. SK hynix will also provide 10 percent of its total annual operating profit as incentives to employees and executives. This will enable each employee from the company to receive some 100 million won ($72,000) on average this year as an incentive, according to the firm’s annual earnings projection. The company reported an operating profit of 9.21 trillion won in the second quarter based on solid sales of its high-bandwidth memory (HBM) chips, up 68 percent from the previous year. In response, labor unions from other major Korean conglomerates are stepping up pressure on management, urging them to follow in the footsteps of S

Sep 3, 2025By Lee Min-hyung
Samsung, Hyundai see increasing labor risk after SK lifts incentive cap
Companies

ChatGPT users in Korea top 20 mil. in August: data

The number of ChatGPT users in Korea surpassed 20 million for the first time last month, data showed Tuesday. The monthly active users (MAUs) of ChatGPT, a generative artificial intelligence (AI) service developed by OpenAI, reached a monthly record of 20.31 million in August, sharply up from 4.07 million a year ago, according to the data compiled by industry tracker Wiseapp Retail. The figure represents about 40 percent of the country's 50.12 million smartphone users. By gender, the share was nearly even at 50.1 percent for men and 49.9 percent for women. Nearly 70 percent of users were in their 20s, 30s and 40s, according to the data.

Sep 2, 2025By Yonhap
ChatGPT users in Korea top 20 mil. in August: data
Companies

CJ CheilJedang bets on Japan with 1st local dumpling plant

CJ CheilJedang has begun operations at its first manufacturing plant in Japan, marking the start of capacity expansion in its second-largest global market after the United States, the Korean company said, Tuesday. The plant, located in Kisarazu City, Chiba Prefecture, is dedicated to producing dumplings for its signature brand, Bibigo. CJ CheilJedang, the food manufacturing arm of CJ Group, invested 100 billion won ($72 million) in the facility, which sits on a 42,000-square-meter site. The new facility adds to CJ CheilJedang’s manufacturing presence in Japan, where it acquired local dumpling maker Gyoza Keikaku in 2020. They have since operated factories in Osaka, Gunma, Akita and Fukuoka prefectures. CJ CheilJedang said the Japanese dumpling market is worth over 1.1 trillion won annually and more than half of the market is for half-moon shaped gyoza-style dumplings, Bibigo's specialty. The company said that growing demand in Japan is expected to further boost its sales. In the first half of this year, its dumpling sales rose 28 percent from a year earlier, while its overall sales in

Sep 2, 2025By Ko Dong-hwan
CJ CheilJedang bets on Japan with 1st local dumpling plant
Companies

Oceans ministry relocation to cost at least $85 mil.

The Lee Jae Myung administration has decided to spend at least 118.9 billion won ($85 million) between 2025 and 2026 to relocate the Ministry of Oceans and Fisheries to Busan. The oceans ministry announced Tuesday that 32.2 billion won from the total 7.3 trillion won allotted for its 2026 budget will cover the expenses for relocation, a process set to begin at the end of this year. The announcement follows the government’s decision last month to inject 86.7 billion won from the 2025 reserve fund to finance a new office building for the ministry, transfer cargo and assist employees with housing and commuting arrangements. Following Lee’s pledge to explore Arctic shipping routes, the ministry drew up plans to move to the southeastern port city from the administrative city of Sejong in the nation's interior. In July, two office buildings near Busanjin Station on Busan Metro Line 1 were selected for the ministry’s temporary use until new headquarters could be completed by the end of 2029. Throughout this process, there exists the possibility of further increases in relocation costs. The

Sep 2, 2025By Park Jae-hyuk
Oceans ministry relocation to cost at least $85 mil.
Tech & Science

Hanwha's defense affiliates to showcase latest arms tech at Poland's MSPO 2025

Hanwha Group said Tuesday its three defense affiliates, including Hanwha Aerospace, will participate in an international defense industry exhibition in Poland this week, as the Korean group spearheads its bid for the Eastern European country's submarine modernization project. At MSPO 2025, set to be held Tuesday (local time) through Friday in Kielce, Poland, Hanwha Aerospace, Hanwha Ocean and Hanwha Systems will operate a joint booth showcasing a wide range of advanced defense solutions. Hanwha Ocean, the group's shipbuilding arm, will showcase technologies of its 3,000-ton KSS-III submarine, equipped with submarine-launched ballistic missiles (SLBMs). Powered by lithium-ion batteries and an air-independent propulsion (AIP) system, the vessel can remain submerged for more than three weeks. The company will also promote offshore patrol vessels, unmanned surface vehicles and other naval platforms tailored to the needs of Poland and the Baltic states. In addition, Hanwha Ocean plans to sign a memorandum of understanding (MOU) with a local shipbuilder to establish a maritime fund and explore

Sep 2, 2025By Yonhap
Hanwha's defense affiliates to showcase latest arms tech at Poland's MSPO 2025
Companies

HD KSOE begins first vessel construction project in Philippines

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, launched its first vessel construction project in the Philippines on Tuesday, the company said. The company held a steel-cutting ceremony at HD Hyundai Subic Shipyard in Subic Bay to mark the start of a 115,000-ton petrochemical carrier project. The vessel is the first of a four-vessel order placed by an Asia-based shipping company in December. The event was attended by Philippine President Ferdinand Marcos Jr., Korean Ambassador to the Philippines Lee Sang-hwa and U.S. Ambassador to the Philippines MaryKay Carlson. HD KSOE signed a lease agreement with U.S. investment firm Cerberus Capital in May 2024 for part of the facility to launch the company's second overseas shipyard. The company expects its Philippine operation to help it regain competitiveness in the general merchant ship market, where Korean shipbuilders have been losing ground to Chinese rivals. HD KSOE also plans to strengthen ties with the Philippine government and utilize the ship

Sep 2, 2025By Yonhap
HD KSOE begins first vessel construction project in Philippines
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