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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

    Samsung, SK hynix to build HBM packaging fabs in Chungcheong region as part of $252.5 bil. in total investment

    2 MIN READBy Yonhap
    Samsung, SK hynix to build HBM packaging fabs in Chungcheong region as part of $252.5 bil. in total investment
  • Companies

    Hanwha Ocean picked as preferred bidder for $5.1 bil. Navy destroyer project

    2 MIN READBy Yonhap
    Hanwha Ocean picked as preferred bidder for $5.1 bil. Navy destroyer project
  • 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
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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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Companies

Naver founder, Nvidia CEO Jensen Huang discuss AI cooperation in Taiwan

Lee Hae-jin, founder of South Korea's top portal Naver Corp., met with Nvidia Corp. Chief Executive Officer (CEO) Jensen Huang in Taiwan on Thursday to discuss cooperation in artificial intelligence (AI) and other key areas, industry sources said. During the meeting, Lee, who serves as chairman of the company's board, discussed with Jensen Huang and other Nvidia officials ways to enhance cooperation and explore potential collaboration in sovereign AI and other areas, according to the sources. Lee was in Taiwan to attend the Computex 2025 tech exhibition in Taiwan, accompanied by Naver CEO Choi Soo-yeon and other top executives, they added. It marks Lee's first known overseas business trip since his appointment as the board chairman in March. The appointment was widely seen as a strategic move to lead the company through intensifying global competition in big tech and artificial intelligence (AI). Lee previously met with Huang at Nvidia's U.S. headquarters in June 2024 while serving as Naver's global investment officer. Then, the two discussed issues related to sovereign AI, which refers t

May 22, 2025By Yonhap
Naver founder, Nvidia CEO Jensen Huang discuss AI cooperation in Taiwan
Companies

Kakao spins off online portal Daum to revive competitiveness

Korea's internet giant Kakao said Thursday it has spun off Daum, the country's second-largest internet portal, in a bid to revive the platform's competitiveness amid a declining market share. During a board of directors meeting, Kakao approved the plan to spin off the in-house team managing Daum and set it up as a new, wholly owned subsidiary, according to the company. The new entity will take over Daum's core services, including its flagship email and search offerings, as well as its online community, shopping and news platforms. Kakao emphasized that the move is intended to enhance management efficiency and boost competitiveness, rejecting speculation that it plans to sell the portal business. "We have taken the first step to build an environment that can swiftly respond to intensifying market competition," said Yang Joo-il, who has been named the head of the new entity. "We will focus on new experiments and challenges to create opportunities for a second chance for the portal, supported by a faster and more flexible decision-making structure." The spinoff comes 11 years after Daum merge

May 22, 2025By Yonhap
Kakao spins off online portal Daum to revive competitiveness
Tech & Science

Korea launches Mars exploration task force to seek cooperation with US mission efforts

South Korea's space agency has launched a dedicated task force to explore participation in future Mars missions through cooperation with the United States, the head of the Korea AeroSpace Administration (KASA) has said. "The U.S. budget for space exploration is increasingly focused on Mars, with concrete plans to send humans and establish a presence there. In Korea, we have only recently begun to consider what actions we should take at this point," KASA Administrator Yoon Young-bin said Wednesday, adding, "We have recently launched a task force." The comments were made at a press briefing marking the agency's first anniversary held in Sacheon, 290 kilometers south of Seoul, where the agency is headquartered. "We need to devise exploration plans that are not only scientific but also economically viable, so that private companies can play a more ambitious role," added Yoon. The administrator noted such plans "could lead to the development of creative and innovative technologies that even advanced countries have yet to achieve," explaining that the task force was created with the goal of ad

May 22, 2025By Yonhap
Korea launches Mars exploration task force to seek cooperation with US mission efforts
Tech & Science

Naver Cloud unveils advanced AI video analysis

Naver Cloud has unveiled its new AI video analysis assistant, Media AI Understanding (MAIU), demonstrating it at this year’s Korea International Broadcasting, Media, Audio, and Lighting Show, taking place from Tuesday to Friday in southern Seoul. The service automatically analyzes various types of information from videos, including people, actions, backgrounds and audio with AI to generate metadata. It allows users to search for specific scenes with simple text searches, such as searching for scenes with the keywords “wine glass" or "male lead character running.” "The rapidly growing video industry is one of the most anticipated areas for innovations through the adoption of cloud and AI technology," the company said. "We will strive to meet various consumer needs and lead innovation in the video industry with end-to-end media services that encompass the entire production process from content production, editing and distributing to management, along with our AI video analysis services." The new AI assistant is expected to help production studios, broadcasters and other content creat

May 22, 2025By Lee Gyu-lee
Naver Cloud unveils advanced AI video analysis
Companies

REPORTER’S NOTEBOOKTrump Jr., Musk put Korea in dilemma

DOHA, Qatar — Despite the participation of two of the world's most eye-catching newsmakers — Donald Trump Jr. and Elon Musk — it was difficult to spot representatives from large Korean companies during the Qatar Economic Forum this week. The only Korean business people seen at the event seemed to be a few startup executives, as well as Samsung C&T officials who attended because of their partnership with the Qatar Free Zones Authority. In the remarks delivered by these two key aides to U.S. President Donald Trump, however, there were some points that the Korean government and companies need to consider — even though the president's oldest son did not mention his Seoul visit last month and the Tesla CEO did not talk about Korea's low birthrate this time. Walking a fine line between politics and business, the two implied they will remain pivotal for governments and companies seeking to reach out to the U.S. administration. Both also did not hesitate to defend Trump's policies from critics during the forum. Trump Jr., who ruled out any deals between the companies he leads and governme

May 22, 2025By Park Jae-hyuk
Trump Jr., Musk put Korea in dilemma
  • Global business leaders come to Doha seeking answers to US policy uncertainties
Companies

SK hynix develops new flash storage chip using 321-layer NAND

SK hynix said Thursday it has developed a mobile universal flash storage (UFS) chip based on the world's highest 321-layer 1 terabit NAND flash technology, delivering faster, more power-efficient data processing tailored for on-device artificial intelligence (AI). The new UFS 4.1 product offers a 7 percent improvement in power efficiency compared with the previous generation, which used 238-layer NAND, according to SK hynix. At just 0.85 millimeter thick, slimmer than the previous 1-mm model, the chip is designed to fit into ultra-slim smartphones. It supports sequential read speeds of 4,300 megabytes per second, the fastest for any fourth-generation UFS product to date. In addition, it delivers best-in-class performance with random read and write speeds improved by 15 percent and 40 percent, respectively. SK hynix said the new UFS 4.1 will meet growing market demands for high performance and low power consumption in NAND solutions, ensuring stable operation for AI-powered mobile devices. "We are on track to expand our position as a full-stack AI memory provider in the NAND space by buildi

May 22, 2025By Yonhap
SK hynix develops new flash storage chip using 321-layer NAND
Companies

SK earthon secures rights to explore 2 offshore oil blocks in Indonesia

SK earthon, the energy exploration unit of Korea's SK Group, said Thursday it has won exploration rights to two offshore oil and gas blocks in Indonesia. The company said it recently signed production sharing contracts (PSCs) for the Serpang block near Java Island and the Binaiya block near the Maluku Islands with Indonesia's oil and gas regulatory body, in a ceremony attended by Indonesian President Prabowo Subianto and Energy and Mineral Resources Minister Bahlil Lahadalia. Under a PSC, the contractor bears the cost and risk of exploration and development, and shares production output with the host government. Each block spans approximately 8,500 square kilometers, roughly 14 times the size of Seoul. The Serpang block is considered one of Indonesia's most promising petroleum regions, with nearby blocks already in active production. Its undiscovered petroleum resources are estimated at up to 1.2 billion barrels of oil. SK earthon holds a 14 percent stake in the Serpang block, while Malaysia's state-owned Petronas and Japan's Inpex own 51 percent and 35 percent stakes, respectively. The B

May 22, 2025By Yonhap
SK earthon secures rights to explore 2 offshore oil blocks in Indonesia
Business

Korea, Japan, Taiwan highlight potential US chip tariff pitfalls, call for rethinking new levies

Korea, Japan and Taiwan have underscored the potential pitfalls of possible U.S. tariffs on chips and semiconductor manufacturing equipment (SME), warning that the duties, if imposed, would raise costs for the U.S. chipmaking industry and hinder efforts to reinforce supply chain resiliency. They have submitted to the U.S. Commerce Department their respective comments on U.S. President Donald Trump's administration's national security investigations into imports of semiconductors, SMEs and derivative products. Commerce Secretary Howard Lutnick initiated the probes on April 1 under Section 232 of the Trade Expansion Act of 1962. Under Section 232, the president is provided with authority to adjust imports into the U.S. when he determines they threaten to impair national security. The ongoing investigations are seen as a key step toward the rollout of new tariffs as Trump has been using tariffs to reduce America's trade deficit and bolster domestic manufacturing. The three chipmaking countries highlighted the mutually "complementary" nature of their economic partnerships with the United St

May 22, 2025By Yonhap
Korea, Japan, Taiwan highlight potential US chip tariff pitfalls, call for rethinking new levies
Companies

Exports of Pepero top 100 million packs in 2024

More than 100 million packs of Pepero, a chocolate-covered biscuit stick manufactured by Lotte Wellfood, were sold overseas last year amid rising global popularity for Korean confectionery, industry data showed Thursday. Lotte Wellfood exported 70.1 billion won ($50.9 million) worth of Pepero in 2024, up 30 percent from a year ago, according to the data. This translates to some 106.5 million packs, marking the first time the company's annual exports of the snack have surpassed the 100 million mark. Pepero is currently available in 57 countries, including the United States, Canada, the Philippines, Russia and Saudi Arabia. To meet the rising international demand, Lotte Wellfood plans to open its first overseas production facility in India, with an investment of 33 billion won. The plant is expected to begin operations in the second half of this year and serve as a production hub for neighboring markets.

May 22, 2025By Yonhap
Exports of Pepero top 100 million packs in 2024
Companies

REPORTER’S NOTEBOOKMercedes-Benz Korea’s market position threatened by stunning rise of Porsche, Tesla

The once-prevailing glory of Mercedes-Benz Korea is being challenged by the rapid ascent of Porsche and Tesla, cementing their reputations as highly sought-after electric vehicle (EV) brands in the imported car market. The local subsidiary of Mercedes-Benz still remains one of the two top-selling foreign carmakers here, along with BMW Korea, but it appears increasingly unlikely to retain its former glory in the rapidly emerging EV industry. Multiple data showed the robust rally of Porsche and Tesla here. According to the Financial Supervisory Service, Tesla Korea was the nation’s third-largest overseas carmaker in terms of sales in 2024, outpacing Volkswagen Korea, which secured the spot the previous year. Porsche Korea took fourth place. Mercedes-Benz Korea came in second in sales last year, losing the top spot to BMW Korea. The former also reported the biggest annual sales drop from a year earlier among the top six foreign carmakers here, which also includes Volvo Car Korea. The steep sales fall of Mercedes-Benz Korea is attributable to the weakening popularity of its S-Class high-en

May 22, 2025By Lee Min-hyung
Mercedes-Benz Korea’s market position threatened by stunning rise of Porsche, Tesla
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