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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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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

Debate sparks over platform firm's refusal to carry rivals' ads

A backlash over Naver’s rejection of ads from an artificial intelligence (AI) startup has prompted the tech giant to overhaul its advertising policy, reigniting a dilemma over its standards for hosting ads from companies in the same industry. Naver recently announced plans to revamp its advertising policy to allow ads from competing businesses and introduce a more transparent ad review system. The move comes in response to a controversy over its decision to block ads from AI website service platform operator WRTN Technologies. Last week, Naver submitted its revised advertising criteria to Rep. Kim Jang-gyeom of the People Power Party (PPP), a member of the National Assembly's Science, ICT, Broadcasting, and Communications Committee. The revised policy has changed a clause prohibiting ads from competitors in the same industry to permit contextual discretion. The modified clause states: “Certain ads may be restricted depending on the nature of the service or content of the individual platform where the ad is displayed.” The policy also broadened the scope for ad execution by allowing

May 21, 2025By Lee Gyu-lee
Debate sparks over platform firm's refusal to carry rivals' ads
Companies

LX Hausys showcases furniture film at Interzum interior fair

LX Hausys showcased its advanced furniture films at Interzum 2025, one of the biggest furniture production and interior fairs in the world, the housing material firm said Wednesday. Interzum 2025 kicked off its four-day run Tuesday in Cologne, Germany, with more than 1,800 furniture materials, equipment and interior companies from across the world participating. LX Hausys said it was showcasing more than 90 types of matte-surface and bio-based furniture films, which are in high demand in the European market. The company participated in the exhibition to strengthen its presence in the region, which is the largest market for furniture films. More than half of the company’s furniture film sales are in overseas markets. LX Hausys designed its exhibition booth around a sensory laboratory concept, with its Supermatt Resist (SMR) furniture film products as the centerpiece. Developed with the company’s own coating technology, the SMR film addresses common shortcomings of matte surfaces, such as fingerprint smudges, surface contamination and susceptibility to scratches. The company said Europe

May 21, 2025By Nam Hyun-woo
LX Hausys showcases furniture film at Interzum interior fair
Companies

Samsung C&T to help Qatar lower carbon footprint

DOHA, Qatar — Samsung C&T announced a new partnership with the Qatar Free Zones Authority (QFZ) to lower the Middle Eastern country's carbon footprint by using the Korean company's advanced technologies. Oh Se-chul, CEO of Samsung C&T's construction division, said Tuesday (local time) that his company and QFZ would hold an event the following day for their cooperation in three key strategic areas. The only speaker from Korea at this year's Qatar Economic Forum, Oh made the remarks during the event's breakout session on the future of foreign direct investment and shifting supply chains. The session was also attended by QFZ CEO Sheikh Mohammed bin Hamad Bin Faisal Al-Thani. "This partnership will diversify our business not only in EPC (engineering, procurement and construction) but also in investing in this area," Oh said. "We have witnessed how Qatar has become a strong player in the global market and supply chain." Over the past 25 years, Samsung C&T has participated in $10 billion worth of large-scale projects in Qatar, including the construction of solar power plants, facilities to s

May 21, 2025By Park Jae-hyuk
Samsung C&T to help Qatar lower carbon footprint
  • Global business leaders come to Doha seeking answers to US policy uncertainties
Banking & Finance

Number of bank branches falls for 6th consecutive year in 2024

The number of bank branches fell for the sixth year in a row in 2024 amid the popularity of mobile and online banking services, data showed Wednesday. Korean banks ran 5,792 branches at home and abroad combined as of end-December, down 57 from a year earlier, according to the data compiled by the Bank of Korea (BOK). The figure has been on a constant decline since September 2018. Banks have opted to shut down branches as part of cost-cutting measures as more customers prefer mobile and internet banking. The pace of branch closures appears to be accelerating this year. According to industry officials, the number of domestic branches operated by the five major banks — KB Kookmin, Shinhan, Hana, Woori and NH Nonghyup — stood at 3,766 as of the end of the first quarter, down 76 from the previous quarter. In contrast, the number of overseas branches operated by these banks has remained nearly unchanged, with 1,165 as of end-September, 1,169 at the end of December and 1,168 as of end-March. "We are strategically adjusting the number of our branches in response to changing customer behavior an

May 21, 2025By Yonhap
Number of bank branches falls for 6th consecutive year in 2024
Companies

Kia, BMW, Hyundai to recall over 16,000 vehicles for defective components

Kia, BMW Korea and Hyundai Motor will voluntarily recall over 16,000 vehicles due to manufacturing defects, the transport ministry said Wednesday. According to the Ministry of Land, Infrastructure and Transport, a total of 16,577 units across 14 models will be subject to recalls. Kia will recall 12,949 units of two models, including the Seltos, due to a defect in the high-pressure fuel pipe that may lead to fuel leakage and increase the risk of fire. BMW will recall 2,213 units of 11 models, including the 520i, as improperly installed components in the 48V starter-generator may cause battery charging failure. Hyundai will take corrective measures on 1,390 units of its Elec City hydrogen fuel cell buses due to inadequate design of the hydrogen discharge port cap.

May 21, 2025By Yonhap
Kia, BMW, Hyundai to recall over 16,000 vehicles for defective components
Companies

Trying China's robotaxi in Wuhan

On a quiet morning in Wuhan, China, a white, driverless vehicle slows to a stop in front of a waiting passenger. A cheerful voice announces, “Welcome aboard Luobo Kuaipao. Please fasten your seatbelt and tap ‘Start’ on the screen.” With no driver inside, the doors unlock after a quick QR scan, and the backseat welcomes its new occupant — no steering wheel, no human, just software and sensors. This is Baidu’s fully autonomous robotaxi service, known as Luobo Kuaipao locally and Apollo Go in English, which has become a common sight on the streets of Wuhan — now China’s largest autonomous driving test zone. The name Luobo Kuaipao literally means “robots run fast.” The service operates about 400 vehicles locally, part of a state-backed pilot initiative to bring self-driving technology into daily life. Autonomous tech takes hold in Wuhan In Wuhan, one of China’s most overpass-laden cities, the robotaxi glided seamlessly from Donghu High-Tech Development Zone to the bustling banks of the Yangtze River, covering 19 kilometers. It navigated elevated expressways, tight roundab

May 21, 2025By KTimes
Trying China's robotaxi in Wuhan
Banking & Finance

InterviewKorea’s strong investor engagement, tech-savvy user base draw global appeal: 24X CEO

The Korean online stock trading market will be able to grow immensely, underpinned by strong interest in trading U.S. equities among retail investors, a U.S.-based expert said Wednesday. Korea’s large number of active retail investors in U.S. equities presents a unique opportunity for global stock trading service providers, according to 24X National Exchange (24X) CEO Dmitri Galinov. The company is a regulated stock exchange that provides overnight trading in competition with Blue Ocean. Success in Korea will demonstrate the ability of platforms such as 24X to serve sophisticated retail and institutional clients outside the U.S., establishing a blueprint for expansion into Japan, Singapore, Hong Kong and beyond, he said. "Korean financial institutions have strong regional influence and partnerships, creating potential multiplier effects as 24X seeks to expand access and connectivity into other Asia-Pacific markets," he said in a recent interview with The Korea Times. “A key reason we are so optimistic about the potential of 24X in Korea is because of retail investor enthusiasm." This

May 20, 2025By Lee Kyung-min
Korea’s strong investor engagement, tech-savvy user base draw global appeal: 24X CEO
Tech & Science

Nvidia CEO Huang makes surprise visit to SK hynix booth at Computex 2025

Nvidia CEO Jensen Huang on Tuesday made a surprise visit to the booth of Korea's SK hynix at Computex 2025, a major information technology trade show held in Taiwan. Huang was personally guided through SK hynix's booth by Kim Joo-seon, head of the Korean chipmaker's artificial intelligence (AI) infrastructure division, at the trade show held in the Taiwanese capital. During the visit, Huang inspected a sample of the company's sixth-generation high-bandwidth memory (HBM), the HBM4, and remarked, "So beautiful." SK hynix is a key supplier of the advanced HBM3E memory to Nvidia. The Korean chipmaker has also provided samples of its upcoming HBM4, which is scheduled for mass production in the second half of this year. Earlier in the day, Huang joined MediaTek CEO Rick Tsai and Foxconn CEO Young Liu on stage for keynote speeches at Computex, before visiting booths of key partners across the venue to strengthen ties with Taiwan's tech ecosystem. (Yonhap)

May 20, 2025By Yonhap
Nvidia CEO Huang makes surprise visit to SK hynix booth at Computex 2025
Companies

Hyundai Motor seeks major rebound in China

Hyundai Motor is rapidly reducing its losses in China, fueling hopes for its rebound with the upcoming launch of the Elexio electric vehicle (EV) exclusively designed for the world’s second-largest economy. According to a business report from the Korean carmaker, Beijing Hyundai — a joint venture between Hyundai Motor and China’s BAIC — is seeing a sharp turnaround. It reported a loss of 994.1 billion won ($714 million) in 2023, but the figure dropped significantly to 42.3 billion in the first quarter of this year. This was driven by Beijing Hyundai’s move to reduce unprofitable operating costs by selling its assets, such as factories. The company used to operate five factories in China, but it has sold two over the past few years, including facilities in Beijing and Chongqing. Beijing Hyundai is also shifting its strategy with a focus on exports. The number of exported vehicles from the company reached some 15,000 between January and March, marking a more than 2,300 percent increase compared to the same period last year. Hyundai Motor Group enjoyed its heyday in China with its

May 20, 2025By Lee Min-hyung
Hyundai Motor seeks major rebound in China
Tech & Science

SKT data breach rings alarm for national cybersecurity

A major user data breach at SK Telecom is raising serious concerns about Korea’s national cybersecurity amid growing suspicions that the attack was an act of cyberespionage rather than one motivated by financial gain. The Ministry of Science and ICT confirmed Monday that the types of malware used in the April 18 breach on user data of SK Telecom’s 25 million consumers included BPFDoor, a backdoor malware targeting Linux servers. Global cybersecurity experts have been warning about BPFDoor since 2022, with PricewaterhouseCoopers noting in its 2022 report that “a China-based threat actor named Red Menshen” was using BPFDoor to target “telecom providers in the Middle East and Asia, as well as entities in the government, education and logistics sectors.” Trend Micro, a U.S.-based security firm, said in its April 14 research that BPFDoor is “a state-sponsored backdoor designed for cyberespionage activities,” and Red Menshen’s BPFDoor attacks “zero in on the telecommunications, finance and retail sectors, with attacks observed in South Korea, Hong Kong, Myanmar, Malaysia a

May 20, 2025By Nam Hyun-woo
SKT data breach rings alarm for national cybersecurity
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