my timesThe Korea Times

Business

Tech & ScienceCompaniesBanking & FinanceMost respected CEOsAPEC 2025Others
  • 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
Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
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.

Read more

Tech & Science

AI takes lead in fight against voice phishing in wake of SK Telecom hack

Amid growing concerns that leaked personal information from the recent SK Telecom data breach could fuel a surge in voice phishing crimes, local telecom providers are racing to deploy advanced artificial intelligence (AI) technologies to detect and block increasingly sophisticated scams. Last month, cybersecurity firm EverSpin reported a rise in malicious apps disguised as legitimate ones — such as those of the Korea Consumer Agency or SK Telecom’s SmartSafe— particularly in early May, shortly after news of the breach first surfaced in April. LG Uplus has joined hands with KT and the Korea Federation of Banks (KFB) by signing a memorandum of understanding on Friday to bolster preventive measures against phishing scams. The partnership aims to establish multilateral collaboration on advancing phishing detection systems and raise public awareness of such crimes. The KFB will provide telecom companies with a database of phone numbers in the banking sector. At the same time, LG Uplus and KT will leverage their AI-powered phishing detection and data analytic technologies to enhance sec

Jun 2, 2025By Lee Gyu-lee
AI takes lead in fight against voice phishing in wake of SK Telecom hack
Companies

Hanwha Life hosts youth mentoring event with Yale a cappella group

Hanwha Life said Monday that it hosted the "Dream Mentoring: Together We Dream," event in collaboration with Yale University's a cappella group Whim 'n Rhythm at the Hanwha Building in Seoul on Saturday. Now in its third year, the program offers guidance and inspiration to young people pursuing their goals. This year, 56 participants were selected through an open call for personal stories. Fourteen student members of Whim 'n Rhythm served as mentors, alongside 14 Korean university students affiliated with English-language volunteer groups. Founded in 1981 as Yale’s first all-female a cappella group, Whim 'n Rhythm is dedicated to using music as a vehicle for community outreach and continues to support underserved areas through various musical initiatives. The Yale students, serving as one-day mentors, kicked off the event with a lively a cappella performance. Following the performance, mentor Marie Bong, a cognitive science major, delivered a keynote speech on the importance of pursuing one’s dreams. Sharing her personal journey of moving to the U.S. alone at the age of 7, she said, "

Jun 2, 2025By Lee Yeon-woo
Hanwha Life hosts youth mentoring event with Yale a cappella group
Companies

Online shopping up 2.5% in April on demand for food services

Online shopping sales in Korea gained 2.5 percent from a year earlier in April, mainly driven by rising demand for food products and relevant services, data showed Monday. The value of online shopping transactions stood at 21.69 trillion won ($15.73 billion) in April, up 535.2 billion won from a year earlier, according to the data from Statistics Korea. The growth was led by a sharp increase in demand for food services, which jumped 13.9 percent on-year to 3.9 trillion won. Online sales of food and beverages also advanced 9.1 percent on-year to 2.56 trillion won, the data showed. But online shopping for e-coupon services plummeted 49.1 percent to 430.5 billion won. Purchases made through smartphones, tablets and other mobile devices increased 4.6 percent on-year to 16.79 trillion won. Mobile gadget-based shopping accounted for 77.4 percent of the total online sales in April, up 1.5 percentage points from a year earlier, the data showed.

Jun 2, 2025By Yonhap
Online shopping up 2.5% in April on demand for food services
Banking & Finance

Samsung Fire & Marine to host global insurance conference this week

Samsung Fire & Marine Insurance will host the Korea International Insurance Conference (KIIC) at Inspire Entertainment Resort in Incheon for two days starting Wednesday, the company said Monday. Now in its second year, the KIIC will bring together industry leaders and experts from leading global reinsurers, brokerage firms and related organizations. The conference aims to foster international exchange, deepen understanding of the insurance market and explore forward-looking strategies. Under the theme "Evolving Risks, Agile Action," this year's event will be co-hosted and sponsored by Samsung Fire — Korea's largest non-life insurer — in collaboration with major domestic and international non-life insurers and their affiliated institutions. At the conference, industry experts from top global insurers, including Aon and Munich Re, will share insights on navigating key uncertainties such as cyber threats and climate change risks in the non-life insurance sector. They will also discuss opportunities for new business development. The KIIC has notably grown this year in terms of scale. In 20

Jun 2, 2025By Jun Ji-hye
Samsung Fire & Marine to host global insurance conference this week
Tech & Science

Korean research team develops inhibitor to block Alzheimer’s toxins

A research team led by Korea University professor Hugh I. Kim, also known as Kim Joon-gon in Korean, has succeeded in developing an inhibitor that blocks Alzheimer’s-causing toxins in collaboration with a California Institute of Technology team. According to the National Research Foundation of Korea on Monday, the joint research team successfully designed a peptide-based aggregation inhibitor that can prevent the misfolding and self-aggregation of amyloid beta proteins. Amyloid beta is a protein found in the brains of Alzheimer’s patients. When these proteins fold incorrectly, they can form long, sticky fibers called fibrils that assemble in the brain. These harmful clumps are believed to damage nerve cells and lead to symptoms of Alzheimer’s disease. Recently, there has been growing research into treatments that aim to fundamentally address Alzheimer’s disease by targeting its root causes, and successful cases have been reported. This highlights that the key target in the long-stalled development of Alzheimer’s treatments is the aggregates of amyloid beta. The joint research t

Jun 2, 2025By Nam Hyun-woo
Korean research team develops inhibitor to block Alzheimer’s toxins
Banking & Finance

Seoul shares open higher on eve of presidential election

Korean stocks opened higher Monday, led by tech gains, one day before the presidential election. The benchmark Korea Composite Stock Price Index (KOSPI) rose 18.75 points, or 0.7 percent, to 2,716.42 in the first 15 minutes of trading. South Korean voters were set to cast their ballots to choose a president on Tuesday, after former President Yoon Suk Yeol was ousted following the imposition of martial law in December. Front-runner Lee Jae-myung of the Democratic Party of Korea was vying against Kim Moon-soo of the conservative People Power Party. Eyes are also on developments of the U.S. tariff policy, after Trump said last week that he planned to double tariffs on foreign imports of steel to 50 percent. Trump also said that China "totally violated" a tariff agreement, renewing concerns about trade conflicts between the world's two largest economies. Most top-cap shares opened higher. Market bellwether Samsung Electronics surged 1.78 percent, and chip giant SK hynix soared 1.71 percent. Major bio firm Samsung Biologics added 0.87 percent, and leading battery maker LG Energy Solution advanced

Jun 2, 2025By Yonhap
Seoul shares open higher on eve of presidential election
Companies

Gov't convenes emergency meeting on response to planned hike in US steel tariffs

The government held an emergency meeting with major local steelmakers Monday to discuss the impact of the United States' plan to double its tariffs on all steel imports to 50 percent later this week, the industry ministry said. The meeting, hosted by the Ministry of Trade, Industry and Energy, was attended by officials from POSCO Group, Hyundai Steel Co. and other major steel companies here, according to ministry officials. Monday's meeting came after U.S. President Donald Trump said last week he will double tariffs on foreign imports of steel to 50 percent Wednesday (U.S. time). The ministry said steel industry officials asked the government to swiftly share information on U.S. tariff measures and continue cooperation with the private sector to respond to them. The ministry added that the government will work to minimize any negative impact of U.S. tariffs on the local industry through trade negotiations with Washington. In May, South Korea's steel exports went down 12.4 percent from a year earlier to US$2.6 billion, with shipments to the U.S. plunging 20.6 percent over the cited period.

Jun 2, 2025By Yonhap
Gov't convenes emergency meeting on response to planned hike in US steel tariffs
Tech & Science

Korea’s environment ministry to test-use ChatGPT

Korea’s environment ministry will test-use ChatGPT, a generative artificial intelligence (AI) chatbot developed by U.S. company OpenAI, for a month before formally adopting that technology to streamline and improve its operations later this year, officials said on Sunday. According to the ministry, its 100-member team will begin using various features of ChatGPT Plus — the paid version of ChatGPT — in their daily work starting Monday, including data analysis, preparing presentation materials, and translating documents into multiple languages. However, during the test period, the officials are not allowed to put in sensitive, information such as personal data, under the ministry’s internal security rules. After the test period, they plan to submit feedback to the ministry about whether the AI tool has been useful for their work and areas of concern. Their opinions will be used to comprehensively evaluate the ministry's plan to adopt AI technologies, potentially starting in September. This comes as government ministries and agencies seek ways to take advantage of ChatGPT and other

Jun 2, 2025By Jung Min-ho
Korea’s environment ministry to test-use ChatGPT
Companies

Trump tariffs hit Korea's exports for May

Korea's exports suffered a year-on-year decrease in May and those to the United States had a significant drop of over 8 percent, signaling that the fallout from the Donald Trump administration's tariff policies has begun to take a toll on Korea's exports. According to the Ministry of Trade, Industry and Energy on Sunday, the country's overall exports in May fell by 1.3 percent to $57.27 billion compared to the same month last year, marking the first decline since January. Until January this year, Korea’s exports had recorded year-on-year growth for 15 consecutive months since October 2023, and also from February to April this year. Exports to the U.S. dropped 8.1 percent to $10 billion with a sharp decline in the automotive sector, which is Korea’s largest export sector to the country. Car exports fell by 32 percent to $1.84 billion, far outpacing the 19.6 percent drop recorded in April, when Trump's car tariffs took effect. This suggests that the impact of the tariffs is materializing with sustained downward pressure on the country's car industry. The fall of automotive exports over

Jun 1, 2025By Lee Gyu-lee
Trump tariffs hit Korea's exports for May
Companies

Kakao Mobility clinches 1st overseas deal with Saudi Arabia

Kakao Mobility has signed the company’s first overseas deal, exporting its parking platform solution to Saudi Arabia’s Diriyah Gate, an urban development project, the mobility platform operator said Sunday. According to Kakao Mobility, CEO Ryu Gung-seon and Diriyah Company Group CEO Jerry Inzerillo signed the Memorandum of Understanding (MOU) during a ceremony at the Diriyah Gate Development Authority in Riyadh on May 25. Diriyah Company is the master developer of a $63 billion project to transform a 14-square-kilometer area surrounding the town of Diriyah into a premium destination featuring luxury resorts, villas, hospitals and shopping centers. Through the MOU, Kakao Mobility will operate parking infrastructure within the Diriyah area and develop an integrated system to manage parking reservations and payments. The company will first focus on a pilot project in select parking areas of Diriyah, and then expand the parking solutions across the entire project’s area in consultation with Diriyah Company. Diriyah Company plans to develop parking infrastructure that can accommodate mor

Jun 1, 2025By Lee Gyu-lee
Kakao Mobility clinches 1st overseas deal with Saudi Arabia
previous page
465466467468469
next page

Most Read in Business