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    Intralink Korea GM sees new era of UK-Korea tech collaboration

    U.K.-Korea business ties are moving beyond traditional trade and investment toward deeper cooperation in advanced technologies, from artificial intelligence (AI) and quantum computing to semiconductors, batteries and biotechnology, according to the Korea head of business consultancy Intralink. Kim Na-rai, managing director of Intralink Korea, said the complementary strengths of the two countries could create new opportunities as Korean companies increasingly seek cutting-edge technologies and partnerships overseas. “The biggest opportunity lies in how fast Korean conglomerates are seeking external technologies and fresh ideas,” Kim said in a recent written interview with The Korea Times. The U.K.-headquartered consultancy firm, which has operated in Korea since 2009, helps overseas tech companies enter the domestic market through local business development and partnerships. The company won the U.K.-Korea Trade Award at the British Chamber of Commerce in Korea’s (BCCK) 2026 Business Awards in June for helping British tech companies navigate the Korean market and secure deals worth m

    2 MIN READBy Lee Gyu-lee
    Intralink Korea GM sees new era of UK-Korea tech collaboration
  • Companies

    LG Innotek supplies camera modules for Zoox robotaxis

    2 MIN READBy Nam Hyun-woo
    LG Innotek supplies camera modules for Zoox robotaxis
  • 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
  • Companies

    Krafton unveils 5 new games at Gamescom 2026

    1 MIN READBy Lee Kyung-min
    Krafton unveils 5 new games at Gamescom 2026
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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

LS Electric, Infineon team up to power AI data center boom

LS Electric said it signed a memorandum of understanding with German semiconductor maker Infineon Technologies on Friday to jointly develop direct current, or DC, power technologies for artificial intelligence (AI) data centers and next-generation power grids. The agreement, signed at LS Electric's research and development campus in Anyang, Gyeonggi Province, was attended by LS Electric Executive Vice President Ahn Gil-young, who oversees production and research and business development; Infineon Chief Sales Officer and Senior Vice President Andreas Weisl, who leads the company's industrial and infrastructure division; and Lee Seung-soo, CEO of Infineon Technologies Korea. The companies will co-develop power semiconductor-based DC solutions, including power conversion systems for energy storage systems, solid-state transformers and solid-state circuit breakers — components that reduce power-conversion steps to cut energy loss and improve efficiency in high-density environments like AI data centers. LS Electric will lead system design, integration and commercialization, while Infineon

Jul 13, 2026By Jhoo Dong-chan
LS Electric, Infineon team up to power AI data center boom
Companies

SK Telink expands satellite network into highway disaster response

SK Telink is bringing low-Earth orbit satellite communications to Korea's road network for the first time in a bid to fortify the nation's critical infrastructure. Under a deal announced Monday, the satellite communications provider will equip Korea Expressway Corp. with satellite-backed systems designed to ensure uninterrupted connectivity. The highway deployment builds on SK Telink's recent partnership with Korea Electric Power Corp., extending the company's satellite communications network from the energy sector directly into public disaster response operations. SK Telink said the project marks the first application of low-Earth orbit satellite communications in Korea's road and transportation infrastructure. The company has installed mobile Starlink terminals for Korea Expressway Corp. to help maintain communications when terrestrial networks are disrupted by heavy rain, wildfires, earthquakes or other emergencies, or when incidents occur in areas with limited network coverage. Korea Expressway Corp. said it has completed the initial deployment across 10 regional headquarters. The agen

Jul 13, 2026By Lee Kyung-min
SK Telink expands satellite network into highway disaster response
Companies

Google Cloud expands partnership with Samsung to accelerate agentic AI

Google Cloud said Monday it is partnering with Samsung Electronics to roll out its Gemini Enterprise AI platform to employees across Samsung's Device eXperience (DX) Division worldwide, including in Korea. Google Cloud called it its largest enterprise agentic artificial intelligence (AI) deployment in the country to date, aiming to set a new global benchmark for workplace productivity and operational innovation. Ruth Sun, president of Google Cloud Korea, said true workplace transformation in the agentic era requires moving beyond simple productivity tools toward deeper operational intelligence, calling Gemini Enterprise a secure foundation for Samsung employees to enter true enterprise AI and accelerate business innovation at global scale. The companies are building a dual-structure system: The Gemini Enterprise App serves as a conversational hub connecting Samsung's scattered internal systems, letting employees search and synthesize internal knowledge in real time rather than manually digging through data. The rollout is also meant to lay the groundwork for more advanced, autonomous mul

Jul 13, 2026By Jhoo Dong-chan
Google Cloud expands partnership with Samsung to accelerate agentic AI
Companies

JobKorea widens lead as Korea's top recruitment platform

JobKorea has widened its lead in Korea's competitive online recruitment market, surpassing 10 million monthly active users in the first half of 2026 as its artificial intelligence (AI)-driven hiring services attracted more job seekers and strengthened its position as the country's largest platform for full-time employment. The AI and data-based human resources technology platform said Monday that its cumulative monthly active users reached about 10.86 million during the first half of the year, according to data analyzed with Mobile Index. The figure exceeded rival platforms, including Saramin with 9.79 million users, Remember with 4.83 million, Incruit with 870,000 and Wanted with 480,000. The gap between JobKorea and the second-largest platform widened to about 1.07 million users, compared with roughly 630,000 a year earlier. JobKorea also led the industry in new app installations during the first half, recording about 1.49 million downloads. Saramin posted about 770,000 new installations, while Remember recorded about 240,000. JobKorea said it was the only full-time recruitment platform

Jul 13, 2026By Lee Kyung-min
JobKorea widens lead as Korea's top recruitment platform
Business

3 major department stores post record H1 foreign sales amid K-wave

Korea's three major department store chains said Monday they posted record first-half sales from foreign shoppers, driven by the growing popularity of Korean fashion and other K-content. In the January-June period, foreign purchases at Hyundai Department Store, Shinsegae Department Store and Lotte Department Store reached 500 billion won ($332 million), 580 billion won and 600 billion won, respectively, nearing their full-year totals for 2025, according to the companies' sales data. In 2025, Hyundai, Shinsegae and Lotte posted foreign sales of 700 billion won, 650 billion won and 730 billion won, respectively. All three expect their annual foreign sales to exceed 1 trillion won for the first time this year. "Foreign sales at Lotte Department Store's Myeongdong branch in central Seoul surged 140 percent from a year earlier in the first half, with foreign shoppers accounting for 70 percent of sales at Kinetic Ground, a dedicated K-fashion zone targeting young global consumers," a Lotte source said. The customer base has expanded beyond Greater China to include visitors from North America an

Jul 13, 2026By Yonhap
3 major department stores post record H1 foreign sales amid K-wave
Companies

Hyundai Rotem acquires NATO quality assurance certificate for 1st time

The state-run defense agency in charge of quality assurance has awarded Hyundai Rotem Co. a certificate for quality management standards required by the North Atlantic Treaty Organization (NATO) in regard to the supply of defense products, officials said Monday. Hyundai Rotem received the certificate confirming that it meets NATO's quality assurance standards for its K2 tanks and other arms products, according to the Defense Agency for Technology and Quality. It marks the first time the agency has conferred the certificate on a defense firm since it acquired the right in March last year. The move is expected to bolster the entry of domestic defense firms into NATO's collective defense procurement market, reportedly valued at 15 trillion won ($10 billion), and enhance the credibility of the quality assurance system, according to officials.

Jul 13, 2026By Yonhap
Hyundai Rotem acquires NATO quality assurance certificate for 1st time
Companies

AMCHAM launches 'K-Doorknock' to support Korean companies expanding in US

The American Chamber of Commerce in Korea (AMCHAM) has launched "K-Doorknock," a new advocacy program aimed at helping Korean companies strengthen their business and investment presence in the United States. The initiative will debut Monday (local time) in Washington, D.C., as part of AMCHAM's annual Washington Doorknock mission, which runs through Thursday. Washington Doorknock has long served as AMCHAM's flagship advocacy program, bringing business leaders to the U.S. capital to meet policymakers and opinion leaders on issues affecting bilateral economic ties. The newly introduced K-Doorknock expands that effort by providing a dedicated platform for Korean companies to engage directly with U.S. government officials and business leaders as they expand operations and investments in the U.S. AMCHAM said the new initiative reflects the increasingly two-way nature of the Korea-U.S. economic partnership, with the chamber seeking to support not only U.S. companies operating in Korea but also Korean companies investing and creating jobs in the United States. The inaugural K-Doorknock delegation

Jul 13, 2026By Nam Hyun-woo
AMCHAM launches 'K-Doorknock' to support Korean companies expanding in US
Companies

Homeplus temporarily closes outlets starting Monday

Financially troubled discount store chain Homeplus said Monday it has decided to temporarily close its outlets starting Monday due to a lack of operating capital and difficulties in maintaining store operations. The decision came after the Seoul Bankruptcy Court terminated Homeplus' rehabilitation proceedings on July 3, saying the company had failed to secure at least 200 billion won ($130 million) needed to carry out its self-rescue plan. The retailer, wholly owned by private equity firm MBK Partners, has been financially strapped by a prolonged slump in the discount store industry and entered court-led rehabilitation in March 2025. Homeplus has asked its largest creditor, Meritz Financial Group, to provide a 200 billion-won working capital loan, but its request has yet to be accepted. "Most of our operating funds have been completely exhausted, leaving us unable to make payments to suppliers or cover operating expenses needed to keep our stores open," a company official said. He said both Homeplus' headquarters and all discount stores will suspend operations starting Monday to ensure se

Jul 13, 2026By Yonhap
Homeplus temporarily closes outlets starting Monday
Tech & Science

Samsung Taylor fab enters production phase for Tesla's AI5 chip

Samsung Electronics has completed designing its version of Tesla’s AI5 chip for self-driving systems, with production set to begin soon at its foundry fab in Taylor, Texas, according to industry officials on Monday. James Kim, a principal engineer at Samsung Foundry, wrote on LinkedIn that “the Tesla-Samsung AI5 chip has reached tape-out” and it is “scheduled to be manufactured at the Taylor fab using our latest 2nm (nanometer) process and will soon be integrated into Tesla's newest products.” He deleted the post after news reports. Tape-out marks the completion of a chip's design process, meaning the design has been finalized and handed over for manufacturing. After passing the prevalidation stage, the taped-out design is used to produce photomasks and undergo wafer fabrication to create engineering samples, which then go through the qualification process with customers before entering mass production. In April, Elon Musk wrote on X, formerly Twitter, that Tesla’s AI5 team has taped out the chip’s design to Samsung Electronics and TSMC for foundry manufacturing. Musk said

Jul 13, 2026By Nam Hyun-woo
Samsung Taylor fab enters production phase for Tesla's AI5 chip
Companies

K-beauty shopping diversifies beyond Olive Young

K-beauty shopping is expanding beyond Olive Young, long the dominant retail destination for both domestic consumers and foreign tourists, to a wider range of platforms. Retail platforms that previously focused on either fashion or food have begun testing their capabilities in beauty, while e-commerce platforms and department stores have introduced separate brands and platforms dedicated to the cosmetics sector. For an industry that has experienced exponential growth worldwide, a more diversified retail landscape is expected to further boost consumption and support its long-term growth. The country's three largest retail platforms are all expanding into the beauty market. Musinsa Beauty, operated by fashion giant Musinsa, is leveraging the company's rapidly expanding offline store network in Korea and overseas to broaden its beauty portfolio and grow its offline presence. On Friday, global luxury makeup brand NARS joined Musinsa Beauty, adding to its luxury lineup that includes MAC and Miu Miu. Musinsa Megastore Seongsu, the company’s flagship store in one of Seoul’s trendiest neighb

Jul 13, 2026By Ko Dong-hwan
K-beauty shopping diversifies beyond Olive Young
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