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  • Companies

    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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Companies

POSCO, antitrust watchdog broaden partnership for shared growth

POSCO Group has partnered with the Fair Trade Commission (FTC) to expand its shared growth initiatives, which support supplier financing, technology development and market access, beyond direct suppliers to include second and third-tier vendors. The group announced that it inked an agreement with the commission on Thursday, aimed at strengthening supply chain competitiveness and promoting fair trade practices across about 5,300 partner companies. Under the agreement, the group pledged to improve payment terms, expand the use of its shared growth payment system that guarantees cash settlement on due dates and allows suppliers to convert receivables into cash early at lower financing costs. It also committed to providing incentives to first-tier suppliers that promote shared growth with lower-tier partners and broadening support programs to enhance supplier competitiveness. “POSCO Group has grown by treating shared growth with its partners as a core value,” POSCO Holdings President Lee Ju-tae said during the signing ceremony. "We will continue to foster a transparent and fair business c

Jul 16, 2026By Lee Gyu-lee
POSCO, antitrust watchdog broaden partnership for shared growth
Tech & Science

PHOTO KT-Palantir hackathon

KT employees participate in a hackathon with Palantir at KT office's in Seongnam, Gyeonggi Province, in this handout photo released Thursday. During the event held from Monday to Wednesday, KT employees developed artificial intelligence agents for potential deployment across the company's core business areas using Palantir's platforms. Courtesy of KT

Jul 16, 2026By Nam Hyun-woophoto
[PHOTO] KT-Palantir hackathon
Companies

Hyundai Motor Group to take full ownership of Boston Dynamics

Hyundai Motor Group will take full ownership of Boston Dynamics by acquiring a 9.65 percent stake held by Japan's SoftBank. Through the acquisition, the group will accelerate its expansion into the robotics business while speeding up preparations for an anticipated initial public offering (IPO) of the robotics affiliate. The group said Thursday that SoftBank had exercised its put option to sell its remaining 9.65 percent stake in Boston Dynamics under their sale and purchase agreement signed in 2020. Hyundai Motor Group acquired an 80 percent stake in Boston Dynamics from SoftBank at around 1 trillion won ($674 million) in 2020. Under the deal, SoftBank had the right to sell its remaining stake to Hyundai Motor Group if Boston Dynamics was not listed in the United States. The option is set to expire on July 20. SoftBank's stake was later diluted to 9.65 percent through capital increases and additional investments by Hyundai Motor Group. Excluding SoftBank, HMG Global, a joint investment firm between Hyundai Motor, Kia and Hyundai Mobis, held a 56.3 percent stake in Boston Dynamics, foll

Jul 16, 2026By Nam Hyun-woo
Hyundai Motor Group to take full ownership of Boston Dynamics
Companies

'AI's future hinges on smarter users, better chips, new business models'

JEJU ISLAND — The next phase of the artificial intelligence (AI) revolution will be defined not by the race to build bigger language models, but by AI literacy, energy-efficient semiconductor design and AI-native business models, speakers at the 2026 CEO Summer Forum hosted by the Federation of Korean Industries (FKI) said Thursday. Lee Se-dol, former professional champion in the game of go and now special professor at the Ulsan National Institute of Science and Technology, said the rise of AI requires human beings to hold on to their belief and philosophical ideas, while avoiding being constrained by fixed ways of thinking. "Humans should continue to uphold their convictions and philosophy in the AI era, but we also need to lower our preconceived notions," Lee said during the annual FKI forum. "Only then can we make decisions that are suited to a world shaped by AI." Lee also said that AI literacy will become a major determinant of future competitiveness. He explained that the gap between the people who use AI merely to ask simple questions and those who fully leverage AI agents and

Jul 16, 2026By Lee Min-hyung
'AI's future hinges on smarter users, better chips, new business models'
Companies

Samsung Group to contribute $134.4 mil. to vulnerable households

Samsung Group said Thursday it will contribute 200 billion won ($134.4 million) to the Samsung Miso Financial Foundation to support vulnerable households, as part of its earlier pledge to commit 5 trillion won to social contribution initiatives over the next five years. Of the 200 billion won, Samsung Electronics will contribute 150 billion won, while Samsung Life Insurance, Samsung Fire & Marine Insurance, Samsung Securities and other financial affiliates will contribute the remaining 50 billion won. With the contribution, the foundation will provide unsecured and nonguaranteed loans to financially vulnerable households, small business owners and startups. The loans will be provided at interest rates of up to 4.5 percent annually and are expected to benefit about 40,000 people. The contribution is part of Samsung Electronics pledge to expand its social contributions after reaching a wage agreement with its labor union in May. At the time, the company pledged to commit 5 trillion won to social contribution initiatives over the next five years, saying it would ensure that “the company'

Jul 16, 2026By Nam Hyun-woo
Samsung Group to contribute $134.4 mil. to vulnerable households
Tech & Science

Korea to launch sovereign AI for cybersecurity this year: science minister

Korea will launch a sovereign artificial intelligence (AI) model specializing in cybersecurity by the year's end to respond to growing security threats in the digital space, the science minister said Thursday. Minister Bae Kyung-hoon's comments come amid growing concerns over digital security after Washington abruptly imposed export controls on its advanced AI models, including Anthropic's Mythos 5, which specializes in vulnerability detection. "We are pushing to create an AI model specializing in cybersecurity within this year by training our existing sovereign AI model on security-related data," Bae said during a policy briefing held in Cheong Wa Dae, presided over by President Lee Jae Myung. The minister noted that the current level of Korea's sovereign AI is not enough to respond to evolving cybersecurity threats helped by generative AI, reaffirming his previous calls that the country should review developing a frontier model, on par with Mythos, in the long run. During the briefing, officials also discussed ways to institutionalize "white hacking," or legally breaking into computer

Jul 16, 2026By Yonhap
Korea to launch sovereign AI for cybersecurity this year: science minister
Companies

Novelis Korea director appointed chair of KONMA Aluminum Committee

Novelis Korea Director of Government Affairs Choi Min-young was appointed as the inaugural chair of the Aluminum Committee of the Korea Nonferrous Metals Association (KONMA), the aluminum rolling and recycling company said Thursday. KONMA is an industry association established to promote the development of Korea’s nonferrous metals industry and strengthen the competitiveness of its member companies. The Aluminum Committee was newly established this year to support the sustainable development of the aluminum industry and address shared priorities among member companies. The committee will advance government policy recommendations, support supply chain stabilization and respond to evolving global trade and environmental regulations. These efforts aim to enhance the competitiveness of the aluminum industry and promote a circular economy through the expanded use of recycled aluminum, Novelis said. “Aluminum is a key material driving the era of carbon neutrality and the circular economy,” Choi said. “I will do my utmost to bring together the diverse voices of the industry and contrib

Jul 16, 2026By Nam Hyun-woo
Novelis Korea director appointed chair of KONMA Aluminum Committee
Companies

Coupang spent $250,000 on lobbying through Trump-linked firm in Q2: lobbying report

E-commerce giant Coupang Inc. spent US$250,000 lobbying the White House, the House of Representatives and the Office of the U.S. Trade Representative during the second quarter of the year through a firm with close ties to U.S. President Donald Trump, a lobbying disclosure report showed Wednesday. On the Senate website for Lobbying Disclosure Act reports, Ballard Partners, a Trump-linked lobbying firm, has filed a report showing that it had received the money for lobbying activities for its client, Coupang, during the reporting period from April 1 to June 30. The lobbying activities came as a House Judiciary Committee report and a White House official recently criticized Korea's regulatory probes into Coupang's massive data leak in the Asian country as "discriminatory" amid Seoul's efforts to ensure that the Coupang issue would not undermine alliance cooperation. The report stated that Ballard Partners conducted the activities concerning issues related to U.S. export promotion, international economic policy and investment flows, as well as efforts to strengthen commercial ties between th

Jul 16, 2026By Yonhap
Coupang spent $250,000 on lobbying through Trump-linked firm in Q2: lobbying report
Others

Offline mobile shops lose ground despite higher carrier subsidies

Offline mobile phone retailers are fading as more consumers buy unlocked smartphones online, use price-comparison platforms to find transparent deals and sign up for low-cost mobile plans without visiting a store, underscoring a structural shift in the country's smartphone distribution market. According to data from the National Tax Service, the number of registered mobile phone stores in Seoul fell to 2,965 as of April, down 5.8 percent from 3,149 at the end of 2021. The figure has declined steadily from 3,091 in 2022 and 2,966 in 2023. The effective number of operating stores is likely lower than official counts, as dormant and temporarily closed outlets are still counted in the statistics, with some owners keeping their business registrations active while effectively shutting down amid loan repayment pressures and weak customer traffic. The decline comes as consumers increasingly favor transparent pricing over the traditional practice of negotiating discounts with individual dealers, whose subsidies and contract terms often vary from store to store. An owner of a mobile phone shop in

Jul 16, 2026By Lee Gyu-lee
Offline mobile shops lose ground despite higher carrier subsidies
Banking & Finance

Can merger revive Korea's regional banks?

An activist fund's proposal to merge BNK Financial Group and JB Financial Group has reignited debate over whether consolidation is needed to secure the long-term sustainability of Korea's regional banks, industry officials said Wednesday. The proposal comes as regional lenders face mounting pressure from demographic decline and weakening local economies. Activist fund Align Partners said Tuesday it had sent an open letter to the boards of BNK Financial, the parent company of Busan Bank and Kyongnam Bank, and JB Financial, the holding company of Jeonbuk Bank and Kwangju Bank, urging them to review the strategic merits of a merger. The fund owns about 14.8 percent of JB Financial and around 1 percent of BNK Financial. "A regional bank's business model increasingly points to gradual decline as the population and economic base in Korea's southeastern and southwestern regions continue to shrink," Align CEO Lee Chang-hwan said during a press conference. He argued that the two groups have limited overlap in their customer bases while their nonbanking businesses are complementary, creating opport

Jul 16, 2026By Lee Hyo-jin
Can merger revive Korea's regional banks?
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