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  • Tech & Science

    Hyosung launches hyperscale AI data center in Seoul

    Hyosung Group is expanding its push into artificial intelligence (AI) infrastructure with the launch of a hyperscale data center in Seoul, marking its entry into Korea’s fast-growing data center market. The company announced Wednesday that Hyosung-STT GDC, a joint venture between Hyosung Heavy Industries and Singapore-based operator ST Telemedia Global Data Centres (STT GDC), opened STT Seoul 1, a 30-megawatt data center, in Geumcheon District, Seoul, the previous day. Designed to support cloud and AI workloads, the new facility combines Hyosung’s power infrastructure expertise with STT GDC's global standards in data center design, operation and service management. The facility is capable of accommodating increasingly power-intensive and high-density computing environments driven by generative AI applications. The company explained that one of the center's biggest advantages is its location in Seoul, where securing large-scale power capacity has become increasingly difficult due to energy regulations and grid constraints, providing low-latency connectivity to major business districts

    2 MIN READBy Lee Gyu-lee
    Hyosung launches hyperscale AI data center in Seoul
  • Companies

    Samsung Display showcases next-generation XR displays at AWE USA

    2 MIN READBy Nam Hyun-woo
    Samsung Display showcases next-generation XR displays at AWE USA
  • Tech & Science

    SK hynix ships 12-high HBM4E samples to customers

    2 MIN READBy Nam Hyun-woo
    SK hynix ships 12-high HBM4E samples to customers
  • Tech & Science

    Anthropic opens Seoul office to expand ties with Korean AI ecosystem

    3 MIN READBy Nam Hyun-woo
    Anthropic opens Seoul office to expand ties with Korean AI ecosystem
  • Companies

    'Wide Cup' fuels World Cup fever among Korean fans

    2 MIN READBy Ko Dong-hwan
    'Wide Cup' fuels World Cup fever among Korean fans
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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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Banking & Finance

KOSPI tops 6,750 intraday, ends 1.38% lower after 3-day streak on oil surge

The KOSPI briefly rose above the 6,750 mark to hit a new intraday high Thursday, but later gave up its gains to finish lower amid rising global oil prices. The benchmark index opened at 6,739.39, up 48.49 points, or 0.72 percent, from the previous close, and quickly climbed to 6,750.27, surpassing Tuesday’s intraday record of 6,712.73. It then turned downward in the afternoon and closed at 6,598.87, down 92.03 points, or 1.38 percent. The index’s strong start was fueled by better-than-expected first-quarter results from four major Big Tech companies. However, the rally lost momentum as global oil prices climbed after the U.S. reaffirmed its maritime blockade against Iran. West Texas Intermediate crude futures hovered around $109 per barrel in after-hours trading. Investor sentiment was further weighed down by a hawkish readout of the Federal Open Market Committee (FOMC) meeting. Despite the late-session decline, KOSPI has maintained an upward trend in recent days, driven by strength in semiconductor shares. A day earlier, the benchmark had finished at a record 6,690.90, up 49.88 point

Apr 30, 2026By Jun Ji-hye
KOSPI tops 6,750 intraday, ends 1.38% lower after 3-day streak on oil surge
Companies

Samsung software academy graduates share career growth journeys

Samsung Software and Artificial Intelligence Academy for Youth (SSAFY) said Thursday it has published a collection of essays featuring graduates’ career growth journeys. The book is based on an essay contest held in August and September last year for about 6,000 SSAFY graduates from the program’s first eight cohorts and their families. Selected stories were compiled and published under the title, “The Era of AI Transformation, The Beginning of Junior Talent: SSAFY.” The essays share how graduates overcame barriers such as academic background and age to become software and artificial intelligence (AI) professionals, helping provide practical support for unemployed young people, SSAFY said. One of the noteworthy stories includes Kim Jung-hwan, one of the earliest graduates of SSAFY and founder of Japanese IT firm Joint Tactics & Strategy Laboratory (JTSL). In his essay, he recalls discovering an inefficient system at his first job that took about 20 minutes to update data for 1,000 customers, and shortening the process to just 20 seconds by restructuring the code using software alg

Apr 30, 2026By Nam Hyun-woo
Samsung software academy graduates share career growth journeys
Business

LG CNS rides AI boom to achieve strong first-quarter earnings growth

A surge in artificial intelligence (AI) and cloud computing demand helped LG CNS to achieve solid first-quarter earnings growth, underscoring how deeply digital transformation is reshaping Korea’s corporate landscape. LG CNS, led by CEO Hyun Shin-gyoon, said Wednesday it achieved sales of 1.31 trillion won ($882 million) for the January-March period, with operating profit reaching 94.2 billion won. Sales rose 8.6 percent from a year earlier, while operating profit climbed 19.4 percent. The information technology service arm of LG Group reported that its AI and cloud division continued to serve as its primary growth engine, generating 765.4 billion won in sales. The segment, which accounts for approximately 58 percent of the company's total revenue, saw its sales climb 6.7 percent compared with the previous year. The growth was bolstered by broad demand across diverse sectors, including the public sphere, finance, manufacturing and pharmaceuticals, as well as the shipbuilding and defense industries. LG CNS said it broadened its portfolio by deploying autonomous AI systems, a technology

Apr 30, 2026By Lee Kyung-min
LG CNS rides AI boom to achieve strong first-quarter earnings growth
Companies

LG Energy Solution nears $7.2 bil. BMW battery deal

LG Energy Solution is likely to supply BMW with its 46-series cylindrical batteries, a deal that would mark a potential first-time partnership to power the German carmaker’s pure electric vehicles (EVs). According to the battery industry on Thursday, the two sides are in the final stages of negotiating a contract estimated to be worth around 10 trillion won ($7.2 billion), with a supply period expected to span about 10 years. If finalized, the agreement would expand LG Energy Solution’s client base for the 46-millimeter-diameter cylindrical battery format, a technology widely seen as key for next-generation EVs. The company has already secured supply agreements for the 46-series batteries with several global EV manufacturers, including Tesla, Mercedes-Benz, Rivian, Chery Automobile and Aptera. However, an LG Energy Solution official declined to confirm the reported BMW contract, saying, “We cannot comment on matters related to specific customers.” The potential deal comes as the company seeks to rebound from a weak first quarter by accelerating growth in both EV and energy storage

Apr 30, 2026By Lee Gyu-lee
LG Energy Solution nears $7.2 bil. BMW battery deal
Companies

Korean Air pushes for organizational integration ahead of merger with Asiana

Korean Air has begun what it calls the “journey together” initiative, placing trust and communication at the center of its efforts to build a cohesive and healthy organizational culture ahead of its long-awaited integration with Asiana Airlines. The airline has recently underscored this philosophy, as part of its broader corporate values framework — KE Way — which was unveiled in March last year. Grounded in people-centered management, the initiative aims to foster sustainable relationships not only with customers, but also with employees and business partners. As the company moves closer to its full-scale merger with Asiana Airlines, Korean Air has been rolling out a range of programs to bridge cultural gaps and promote unity between the two workforces. Korean Air is particularly expanding opportunities for informal interaction through family-invited events and joint social contribution programs. Internal communication channels are evolving as well. Korean Air and Asiana have jointly conducted surveys and organizational culture assessments to ensure that policies are not merely p

Apr 30, 2026By Lee Min-hyung
Korean Air pushes for organizational integration ahead of merger with Asiana
Companies

Korean Air earns Skytrax 5-star rating for 6th consecutive year

Korean Air has been named a five-star airline by Skytrax for the sixth straight year in the 2026 World Airline Star Rating, reaffirming its position among the world’s top-tier carriers. Skytrax, a London-based aviation consultancy established in 1989, evaluates airlines on comprehensive service standards. Its World Airline Star Rating system, introduced in 1999, ranks carriers on a one- to five-star scale. Only 10 airlines worldwide currently hold the highest five-star rating, including Korean Air. The 2026 assessment was conducted through a detailed audit beginning in January, during which Skytrax evaluators reviewed Korean Air’s long-haul and regional operations. The audit covered more than 550 service touchpoints across the full passenger journey, including check-in, lounge services, boarding, seating, inflight dining, cabin service and entertainment. Korean Air received strong marks in several areas, particularly its website functionality, passenger handling systems, cabin service and inflight entertainment. The airline was also praised for its inflight catering, with Skytrax no

Apr 30, 2026By Lee Min-hyung
Korean Air earns Skytrax 5-star rating for 6th consecutive year
Tech & Science

LG Innotek, Applied Intuition CEOs meet for deeper physical AI partnership

LG Innotek is accelerating its push into physical artificial intelligence (AI), deepening its collaboration with U.S.-based software developer Applied Intuition. The company said Thursday that its CEO, Moon Hyuk-soo, met with Qasar Younis, co-founder and CEO of Applied Intuition, at the company’s headquarters in Gangseo District, Seoul, on Wednesday to discuss potential cooperation in physical AI. The meeting was held as a follow-up to the two companies’ strategic partnership in autonomous driving announced in March. The two are working to advance autonomous driving solutions by integrating LG Innotek’s sensing modules with Applied Intuition’s software platform. “Applied Intuition is a leading player in physical AI trusted by global companies,” Moon said. “Through this partnership, LG Innotek aims to leap forward as a global top-tier player in sensing technologies in the era of physical AI.” Senior executives from both sides also attended the meeting, including LG Innotek’s Chief Technology Officer John Min and Applied Intuition’s Head of Automotive Vertical Will Lin. D

Apr 30, 2026By Lee Gyu-lee
LG Innotek, Applied Intuition CEOs meet for deeper physical AI partnership
Companies

Supreme Court sides with Nexon in trade secret dispute with Ironmace

The Supreme Court on Thursday upheld a lower court's ruling that ordered game development company Ironmace to pay 5.76 billion won (US$3.87 million) in damages to industry rival Nexon for trade secret infringement. But Nexon's claim of copyright infringement by Ironmace was not accepted even by the top court. The legal battle began in 2021, when Nexon claimed that its former employee and the incumbent Ironmace CEO, Choi Ju-hyun, leaked its "P3" game source code and data to a personal server before establishing Ironmace and creating "Dark and Darker," a multiplayer action role-playing game, based on the stolen materials. In February 2025, the Seoul Central District Court ruled that Ironmace must pay 8.5 billion won in damages for infringing on Nexon's trade secrets by leaking P3-related information, though it did not find Ironmace guilty of violating Nexon's copyright. The appellate court also acknowledged Ironmace's infringement of trade secrets but reduced the compensation amount to 5.76 billion won. The claim of copyright infringement was not accepted in the second trial either. Followi

Apr 30, 2026By Yonhap
Supreme Court sides with Nexon in trade secret dispute with Ironmace
Companies

KakaoMap brings indoor navigation to National Museum of Korea

KakaoMap, the location-based mapping service operated by Kakao, the technology conglomerate best known for Korea's dominant mobile messaging app KakaoTalk, launched an indoor map service for the National Museum of Korea, allowing visitors to navigate exhibition halls and locate individual artifacts floor by floor. Kakao developed the service in partnership with the National Museum of Korea. The company said the feature is aimed at helping visitors navigate the museum's large interior spaces more efficiently. Users searching for the National Museum of Korea within the KakaoMap app can view floor-by-floor exhibition hall layouts, along with the locations and detailed information of key artifacts on display in each gallery. The service covers 23 major items in the museum's collection, including the Pensive Bodhisattva and a White Porcelain Moon Jar. The service also shows the locations of major visitor amenities, including the Children's Museum, library, restrooms and elevators. During the "Kakao Friends and National Museum Treasure Hunt" event, beginning Saturday and running through May 31

Apr 30, 2026By Jhoo Dong-chan
KakaoMap brings indoor navigation to National Museum of Korea
Companies

Hanwha Aerospace partners with Canadian parts makers to build military vehicles

Hanwha Aerospace signed a memorandum of understanding (MOU) Tuesday with Canada's Automotive Parts Manufacturers' Association (APMA) and Hanwha Ocean to establish a joint venture to produce military and special-purpose industrial vehicles in Canada. The signing ceremony took place at a Martinrea International facility near Toronto. Attendees included Son Jae-il, CEO of Hanwha Aerospace; Steve Jeong, senior executive vice president and head of the Naval Ship International Business at Hanwha Ocean; Victor Fedeli, Ontario's minister of economic development, job creation and trade; Flavio Volpe, president of APMA; and Rob Wildeboer, executive chairman of Martinrea International. The joint venture is contingent on Hanwha Ocean's KSS-III Batch-II submarine being selected for the Canadian Patrol Submarine Project (CPSP). If selected, the venture will develop and manufacture ground weapons systems required by the Canadian military. Vehicles produced under the joint venture will use Canadian-made steel, aluminum and other locally sourced materials, with manufacturing carried out by workers hired

Apr 30, 2026By Jhoo Dong-chan
Hanwha Aerospace partners with Canadian parts makers to build military vehicles
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