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    Samsung targets luxury mobility with battery, display supply for Genesis GV90

    Samsung is strengthening its push into the luxury mobility market by supplying key components for Genesis’ flagship GV90, with Samsung Display’s premium OLED screens and Samsung SDI’s large battery cell powering the high-end electric SUV. The collaboration marks an expansion of cooperation between Samsung and Genesis, as both companies seek to capitalize on growing demand for premium electric vehicles (EVs) and sophisticated in-car experiences. Samsung Display is supplying two OLED displays for the GV90 — a 24.6-inch central Cinematic Display and 13.2-inch screens mounted on the backs of the front-seat headrests. The displays began shipping this month, according to the company. The centerpiece is the expandable 24.6-inch OLED display positioned at the center of the vehicle. It can operate as a 23.6-inch screen while driving, showing navigation, driving information and media. When the vehicle is parked, the screen rises 90 millimeters at the push of a button, expanding to its full 24.6-inch size. Self-emissive OLED displays are generally about 30 percent of the thickness and 70 pe

    2 MIN READBy Lee Min-hyung
    Samsung targets luxury mobility with battery, display supply for Genesis GV90
  • Companies

    Hanmi Pharm in spotlight as Korea's 1st obesity drug nears launch

    3 MIN READBy Nam Hyun-woo
    Hanmi Pharm in spotlight as Korea's 1st obesity drug nears launch
  • Companies

    Hyundai Motor to launch more than 100 new models by 2030

    3 MIN READBy Lee Min-hyung
    Hyundai Motor to launch more than 100 new models by 2030
  • Tech & Science

    Korea delegation attends inauguration ceremony of ATLAS initiative

    1 MIN READBy Yonhap
    Korea delegation attends inauguration ceremony of ATLAS initiative
  • Companies

    LG CNS turns to liquid cooling as AI servers push data centers to the limit

    2 MIN READBy Lee Kyung-min
    LG CNS turns to liquid cooling as AI servers push data centers to the limit
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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

Price to be key as Samsung takes on Meta in smart glasses

Samsung Electronics is expected to reveal its smart glasses series at the upcoming Galaxy Unpacked July 2026 in London next week, with the company seeking to challenge Meta's dominance in the market. Market observers say smart glasses will become the next battleground for global device makers in the wake of physical artificial intelligence (AI), and pricing is expected to play a key role in determining market leadership. Samsung Electronics in May unveiled two designs of its smart glasses, developed in partnership with eyewear brands Gentle Monster and Warby Parker. Scheduled to debut in the global market this autumn, Samsung said the smart glasses will allow users to access Google's Gemini AI for navigation, location recommendations, real-time voice translation and text message summaries. The Samsung glasses will reportedly feature a built-in camera, speakers and microphones — primarily serving as the eyes for an AI in paired smartphones. They are not expected to include a display function, but are expected to weigh around 50 grams, offering improved comfort compared to existing smart

Jul 17, 2026By Nam Hyun-woo
Price to be key as Samsung takes on Meta in smart glasses
Companies

'AI race shifts from building models to rebuilding companies'

JEJU ISLAND — Companies hoping to gain an edge in the artificial intelligence (AI) era should spend less time chasing the latest models and more time redesigning their organizations, as autonomous AI agents move closer to mainstream enterprise adoption, speakers at the 2026 CEO Summer Forum hosted by the Federation of Korean Industries (FKI) said Friday. As generative AI evolves rapidly from a conversational assistant into a technology capable of executing increasingly sophisticated tasks, businesses now face the challenge of transforming decades-old workflows and adapting to the new AI era. Park Min-jun, CEO of Wrtn AX, an enterprise-level AI agent solutions provider, said the focus of AI competition was shifting away from the technology itself toward organizational transformation. “For the past several years, businesses have largely competed by adopting increasingly capable large language models, but with leading models now approaching similar levels of performance in many business applications, competitive advantage will increasingly depend on how effectively companies reorganize

Jul 17, 2026By Lee Min-hyung
'AI race shifts from building models to rebuilding companies'
Tech & Science

'AI for everyone' gov't initiative faces feasibility questions

The government plans to roll out a general artificial intelligence (AI) service allowing unlimited use for all Koreans without any fees, but the initiative is facing questions about its feasibility, particularly over how it would cover token costs and ensure the operator's financial sustainability. During a policy briefing with President Lee Jae Myung Thursday, the Ministry of Science and ICT announced that it will introduce “a ChatGPT-like chatbot service” by using Korea’s proprietary AI model by the end of this year. The government also plans to integrate public services into the platform, allowing users to search and apply for government services through the AI model. Once the service gets on track, the government plans to upgrade it next year into an AI agent that will offer greater accessibility than a chatbot, with the goal of providing every Korean with a personal AI agent. "In addition to a general-purpose AI chatbot service, we will continue to expand public AI agent services," Deputy Prime Minister and Minister of Science and ICT Bae Kyung-hoon said. "Starting in 2027, we

Jul 17, 2026By Nam Hyun-woo
'AI for everyone' gov't initiative faces feasibility questions
Companies

SK chief says SK hynix shares likely to trend upward on strong memory chip demand

SK Group Chairman Chey Tae-won said Friday that shares of chipmaker SK hynix Inc., a key affiliate of his group, are likely to trend upward over the long term, citing sustained demand for memory chips. Chey, who also serves as chairman of the Korea Chamber of Commerce and Industry (KCCI), made the remarks during a forum hosted by the KCCI amid heightened volatility in the chip giant's shares. "I don't know where the stock price will be next month, but holding onto the shares rather than buying and selling them frequently is a good way to preserve your wealth," Chey said. Shares of SK hynix listed on the benchmark Korea Composite Stock Price Index (KOSPI) have nearly tripled since the beginning of the year, although they have recently shown heightened volatility. The shares tumbled 11.53 percent to close at 1,842,000 won (US$1,243) on Thursday. "Memory chips will continue to be needed, so their value will trend upward over time," Chey added. SK hynix established its leadership in the high bandwidth memory (HBM) market by moving early into the technology and becoming a key supplier to Nvidi

Jul 17, 2026By Yonhap
SK chief says SK hynix shares likely to trend upward on strong memory chip demand
Companies

InterviewMODERNhan promotes Korean alcohol, hanbok worldwide

The global rise of K-culture, driven by foods, beauty products, music and traditional heritage, has introduced the country to consumers around the world. However, a more sophisticated and strategic approach is needed to help them experience deeper culture and further sustain trade, according to the head of a Seoul-based event planner dedicated to promoting the country’s heritage. Cho In-sun, CEO of MODERNhan, plans and executes events involving Korean traditional culture including hanbok, or Korean traditional attire, and traditional alcoholic beverages. Through these events, she aims to promote Korea's cultural heritage to international visitors and other overseas consumers in a more engaging and immersive way. Her latest project debuted on July 12 when she opened a gallery-slash-store in central Seoul's cultural Insa-dong neighborhood dedicated to Korean alcoholic ranging from traditional brews to modern spirits. Over 160 kinds of alcohols and a design glass to go with each of them are showcased inside the cozy space in the Seoul hotspot concentrated with businesses inspired by Kore

Jul 17, 2026By Ko Dong-hwan
MODERNhan promotes Korean alcohol, hanbok worldwide
Tech & Science

Korea, Saudi Arabia eye deeper space ties as commercial interests align

Korea moved to deepen its space partnership with Saudi Arabia Thursday, as officials from the two countries explored ways to expand cooperation in education, technology and commercial space development. Korea AeroSpace Administration (KASA) Administrator Oh Tae-seok met with Haitham AlOhali, governor of Saudi Arabia's Communications, Space and Technology Commission and a board member of the Saudi Space Agency, at the Government Complex Seoul, according to the agency. The meeting focused on reviewing ongoing cooperation and identifying practical opportunities to strengthen bilateral partnerships as both countries pursue growth in the global space economy. A key topic was a space education program jointly organized by KASA and the Korea Advanced Institute of Science and Technology for Saudi university students. The three-week summer program is scheduled to run from July 27 through Aug. 14 and is intended to help foster the next generation of space professionals while strengthening long-term networks between the two countries, the agency said. The officials also discussed expanding broader c

Jul 16, 2026By Lee Kyung-min
Korea, Saudi Arabia eye deeper space ties as commercial interests align
Companies

Hyundai Motor workers to extend strikes over pay dispute

Hyundai Motor's union said Thursday its workers will extend their partial strikes next week in a bid to secure higher wages, raising concerns over production disruptions at Korea's largest automaker. Hyundai workers already staged partial strikes this week, with employees on the day and night shifts each walking off the job for two hours from Monday through Wednesday after failing to reach a wage agreement with the company, a union spokesperson said. The spokesperson said union members will stage four-hour strikes during their respective shifts from July 20 to 22 in the union's second round of walkouts this year. The two sides have held 15 rounds of wage negotiations this year but have failed to narrow their differences over pay. The 39,668-member union is demanding a 149,600-won increase in monthly base pay and performance-based pay equivalent to 30 percent of the company's net profit for last year. The maker of Sonata sedans and Palisade sport utility vehicles posted a net profit of 10.36 trillion won last year. The company, however, has offered an 80,000-won increase in monthly base pay

Jul 16, 2026By Yonhap
Hyundai Motor workers to extend strikes over pay dispute
Tech & Science

US seeks share of Korean chipmakers' 'excess profits': source

The U.S. is seeking a share in Korean semiconductor companies’ enormous profits from the global artificial intelligence (AI) chip boom, citing strong U.S. demand for Korean chips, according to an industry source. This comes amid debates here on what defines “excess” gains, whether they should be shared with subcontractors or even with the public, and how much each subcontractor or contributor is entitled to. The industry source familiar with the matter said during a meeting last month that Rick Switzer, deputy United States Trade Representative (USTR), told Korea's Trade Minister Yeo Han-koo that the U.S. side deserves a share of the massive profits of SK hynix and Samsung Electronics. “That was based on a rationale that American companies purchased large volumes of Korean semiconductors and thus contributed to the Korean firms' earnings,” the source said. “So, if the Korean chipmakers’ partner firms in Korea are entitled to parts of the profits, the American ones are, too.” A ranking government official also told The Korea Times that the U.S. side made such a claim, with

Jul 16, 2026By Lee Gyu-lee
US seeks share of Korean chipmakers' 'excess profits': source
Companies

MBK, Meritz strike last-ditch deal to rescue Homeplus

Homeplus, once Korea's second-largest discount store chain, secured a 200 billion won ($135 million) emergency loan, Thursday, giving itself a chance to revive its court-led rehabilitation after its largest creditor, Meritz Financial Group, approved the financing. The decision came a day after private equity firm MBK Partners, Homeplus' owner, and its chairman, Michael ByungJu Kim, agreed to provide joint personal guarantees for the full amount of the debtor-in-possession loan. The funding allows Homeplus to appeal the Seoul Bankruptcy Court's earlier decision to terminate its rehabilitation proceedings. The court ended the restructuring process on July 3, ruling that the company had failed to secure the minimum 200 billion won needed to carry out its turnaround plan. It nevertheless left the door open to reconsidering the case if the financing was secured before the July 20 appeal deadline. The breakthrough follows months of deadlock between Meritz and MBK over the size of the loan and the guarantees required to secure it. Meritz had previously agreed to lend up to 100 billion won, provi

Jul 16, 2026By Park Han-sol
MBK, Meritz strike last-ditch deal to rescue Homeplus
Tech & Science

Korea's molten salt nuclear-powered container ship design wins US approval

The Korea Atomic Energy Research Institute (KAERI) said Thursday that a conceptual design for a 15,000-TEU container ship powered by a molten salt reactor (MSR) has received Approval in Principle (AIP) from the American Bureau of Shipping, a U.S.-based ship classification society. The design was jointly developed with the Korea Research Institute of Ships & Ocean Engineering (KRISO) and Samsung Heavy Industries. AIP is a process in which a classification society reviews the technical feasibility and safety of a new technology or design at the concept stage, based on relevant regulations and safety standards — a significant step for a field still in its early stages of international development, such as nuclear-powered ships. An MSR is a type of small modular reactor that uses molten salt mixed with nuclear fuel as a liquid fuel, prized for its high safety and energy efficiency as a next-generation ship engine. The container ship design uses two MSR units, with optimized power systems and hull layout meant to improve both safety and operational efficiency. Key features include a dual-rea

Jul 16, 2026By Jhoo Dong-chan
Korea's molten salt nuclear-powered container ship design wins US approval
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