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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

Next president may lock horns with Trump over online platform laws

Korea's two leading presidential candidates have pledged to regulate monopolistic online platforms at the request of small business owners, despite strong opposition from the United States and tech giants. Regardless of the outcome of the June 3 election, the next Korean president is expected to face pressure to address the issue during ongoing trade talks with the Donald Trump administration, which has branded Korea's attempts to tighten online platform regulations as a nontariff barrier. Lee Jae-myung of the liberal Democratic Party of Korea (DPK) vowed to push through the Online Platform Act. He maintained a lead in opinion polls until Wednesday, after which the release of new surveys is prohibited under the Election Law. "By introducing a law that prevents domestic and foreign platform operators from abusing their monopolistic power, we will foster innovation across industries and promote market competition," the DPK stated in the full version of Lee's pledge book, released Wednesday. The party also said Lee will require large foreign platform operators to report their revenues in Ko

May 29, 2025By Park Jae-hyuk
Next president may lock horns with Trump over online platform laws
Companies

GS E&C partners with Honeywell to drive digital transformation of energy plants

Major construction company GS E&C has partnered with smart technology solutions developer Honeywell to bolster its capability for the digital transformation of existing energy plants, marking its advancement to the environmental business in the energy plant industry. On Wednesday, Huh Yoon-hong, president and CEO of the Korean company, met with Lucian Boldea, president and CEO of Honeywell Industrial Automation — a division of the U.S.-based conglomerate — in Seoul, where the two signed a memorandum of understanding (MOU). Under the MOU, the two companies will cooperate on introducing technologies to transition the operation of existing energy plants to digital management. Key goals include reducing carbon emissions and maximizing efficiency in energy use at the facilities. Following the MOU, GS E&C said that it may adopt licensed technologies from Honeywell UOP, a Honeywell subsidiary specializing in smart solutions for refineries and gas and petrochemical plants. The Korean company added that the two firms will jointly invest in developing methods to make existing plants “smarte

May 29, 2025By Ko Dong-hwan
GS E&C partners with Honeywell to drive digital transformation of energy plants
Companies

Proximity to Yongin tech complex drives interest in Hyundai E&C’s Hillstate apartments

Hyundai E&C’s new apartment complex in Yongin, Gyeonggi Province, is drawing strong interest, with units offered on a first-come, first-served basis selling quickly, the construction company said Thursday. According to the company, the biggest advantage of Hillstate Yongin Mark Valley is its proximity to the Yongin semiconductor national industrial complex, which is currently under construction. The government plans to cluster the nation's semiconductor companies and their research and development facilities across industrial complexes in Yongin and other cities in Gyeonggi Province. The construction firm is banking on the massive scale of the Yongin complex, believing it will directly drive up demand for nearby residential housing. According to the company, the complex spans 7.78 million square meters — nearly twice the size of another national semiconductor complex currently under construction in Pyeongtaek, which covers 4.15 million square meters. According to Hyundai E&C, the project cost for the Yongin complex is estimated at 9.1 trillion won ($6.6 billion), nearly three times

May 29, 2025
Proximity to Yongin tech complex drives interest in Hyundai E&C’s Hillstate apartments
Foreign Affairs

Hanwha Ocean partners with Polish shipyards on naval projects

Hanwha Ocean Co., a major South Korean shipbuilder, said Thursday it has signed preliminary agreements with two Polish shipyards to cooperate on naval vessel construction and maintenance. The company signed separate memorandums of understanding (MOUs) with PGZ SW and Nauta Shipyard during the ongoing International Maritime Defense Industry Exhibition (MADEX 2025) at BEXCO in Busan, about 325 kilometers south of Seoul, Hanwha said in a press release. "The MOUs with Poland's leading shipyards are not just technological partnerships between companies. They will also serve as a bridge for bilateral cooperation between the two countries in the shipbuilding sector," a Hanwha official said. The partnerships are part of Hanwha Ocean's efforts to secure a favorable position in Poland's Orka Project, a submarine procurement program estimated to be worth up to 8 trillion won ($5.8 billion). Under the agreement with PGZ SW, Hanwha will cooperate in the joint development of offshore patrol vessels (OPVs), surface vessels, support ships and unmanned underwater systems, the company said. With Nauta Ship

May 29, 2025By Yonhap
Hanwha Ocean partners with Polish shipyards on naval projects
Companies

GM Korea sells assets for sustainable business operations amid US tariffs

General Motors (GM) Korea has decided to sell its unprofitable assets to ensure profitability and maintain sustainable operations here amid ongoing tariff pressures from the United States, the carmaker said Thursday. As part of the decision, the company will gradually sell its nine after-sales service centers, as well as underused facilities and land at its main production site in Bupyeong, Incheon. The decision has fueled concerns that the carmaker may take additional steps toward withdrawing from the Korean market, given its sales structure's heavy reliance on exports to the U.S. GM Korea is also subject to a 25-percent tariff imposed by the Donald Trump administration. However, the company firmly denied rumors of a potential exit, stating that the latest measures are intended to "secure business efficiency" and support its sustainable operations here. “Our directly controlled service centers have remained unprofitable, so we decided to stop their operations and, instead, strengthen our ties with 386 partnered repair centers across the nation,” a GM Korea spokesperson said. "They of

May 29, 2025By Lee Min-hyung
GM Korea sells assets for sustainable business operations amid US tariffs
Companies

Auto sector to be hit hardest by US tariffs among major S. Korean industries: BOK

Korea's auto industry is expected to suffer the most severe impact among major sectors from the United States' sweeping tariff scheme, the central bank said Thursday. According to a report released by the Bank of Korea (BOK), the auto sector is projected to see a 0.6 percent decline in exports on an annual basis. In terms of export volume to the U.S., the industry would experience a 4 percent decline. The analysis was based on the scenario in which the U.S. President Donald Trump administration maintains the current suspension in implementing reciprocal tariffs on its trading partners, including a 25 percent levy on South Korean goods, while a separate 10 percent baseline tariff and 25 percent levies on steel, aluminum and auto-related products remain in place. The expected impact on the auto industry comes as exports to the U.S. market account for 47 percent of its total shipments as of 2024, while Chinese automakers have a minor presence in the U.S., making it difficult for South Korea to benefit from any competitive advantage. "The impact of price increases following the new tariff po

May 29, 2025By Yonhap
Auto sector to be hit hardest by US tariffs among major S. Korean industries: BOK
Tech & Science

LG Uplus partners with WRTN to enhance AI service

LG Uplus has partnered with AI startup WRTN Technologies to enhance its AI services for customers. The telecom provider announced, Thursday, that the two companies signed a memorandum of understanding, Wednesday, to advance LG Uplus’ AI service and improve its usability. The signing ceremony took place at the company's headquarters in Yongsan, Seoul. “Our goal is to make it easier for customers to utilize AI technology in their everyday lives,” Lee Jae-won, head of LG Uplus's Consumer Division said. “We will continue to work alongside a diverse array of partners in the technology sector to introduce innovative AI experiences.” WRTN is a Seoul-based generative AI startup that offers personalized AI chatbots, AI character chat services and open-source-based AI agent solutions. The rapidly growing company surpassed 5 million monthly active users in October last year, just about two years after launching its chat-based AI service. This growth outpaced that of other major platform services in Korea, including the banking app Toss. Through the partnership, the two companies plan to e

May 29, 2025By Lee Gyu-lee
LG Uplus partners with WRTN to enhance AI service
Tech & Science

AI memory chip guru to unveil road map for next-generation HBMs

Professor Kim Joung-ho of the Korea Advanced Institute of Science & Technology (KAIST), widely recognized as a leading expert in high-bandwidth memory (HBM) design, will present a 15-year roadmap for the next generation of artificial intelligence (AI) chips. According to the university, KAIST Terabyte Interconnection and Package Laboratory (TERALAB) will host the Next-Generation HBM Roadmap (2025–2040) Technology Presentation online on June 11, offering a comprehensive look at the architecture, structure, performance and characteristics of next-generation HBM technologies from HBM4 to HBM8. “The lab will host the event to present a strategic direction for Korea’s semiconductor industry amid intensifying global tech competition and to share a concrete roadmap for the development of next-generation HBM technology, a key component in AI semiconductors,” an official at the lab said. Led by Kim, KAIST TERALAB has been at the forefront of HBM design technology for over two decades and has been directly involved in commercial HBM design since 2010. The lab is widely recognized for its o

May 29, 2025By Nam Hyun-woo
AI memory chip guru to unveil road map for next-generation HBMs
Companies

LG Energy Solution diversifies business portfolios

LG Energy Solution (LGES) said Thursday it is exploring new businesses with high growth potential as part of efforts to respond to slowing global demand for electric vehicles (EVs). Last month, the battery maker announced a joint venture with Derichebourg, a leading French company in the metal waste recycling sector. The two will dismantle and shred end-of-life EV batteries in France and battery scraps from LGES' Polish factory to extract black mass. This material will undergo post-processing to recover key battery components such as lithium, nickel and cobalt, which will be reused in LGES' battery production. The Korean company said the partnership will help it comply with Europe's battery recycling regulations, secure raw materials and boost customer value. In March, LGES signed a memorandum of understanding with Doosan Bobcat to supply cylindrical batteries for electric construction equipment. The two also plan to jointly develop standard battery packs for a range of heavy machinery, targeting the North American market. At the CES 2025 trade show in Las Vegas in January, LGES announced

May 29, 2025
LG Energy Solution diversifies business portfolios
Companies

HYBE establishes Chinese unit to bolster advance of its artists

HYBE, the K-pop company behind BTS, Seventeen and Enhypen, has set up a Chinese subsidiary to support its artists' expansion into the market, the company said Thursday. HYBE China was launched April 2 in Beijing, becoming HYBE's fourth overseas branch after those in Japan, the United States and Latin America. The Beijing-based entity will focus on backing HYBE artists' activities in China, company officials said. Rival K-pop agencies SM Entertainment, YG Entertainment and JYP Entertainment already operate their own Chinese branches. SM and JYP have also debuted China-based idol groups — WayV and Boy Story, respectively. Industry insiders say HYBE's move may reflect growing expectations that China will loosen its tacit ban on South Korean entertainment content, which has been in place for several years. Despite the market's potential, HYBE China is not expected to immediately launch a talent audition program or debut a local K-pop group, according to sources familiar with the matter. The unit is likely to play a more limited role than HYBE's other overseas arms, such as HYBE Japan and HYB

May 29, 2025By Yonhap
HYBE establishes Chinese unit to bolster advance of its artists
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