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  • Companies

    Samsung considers appealing UK ruling over Swatch watch face suit

    Samsung Electronics said Thursday it is considering “all possible countermeasures, including an appeal” to a U.K. High Court’s decision to pay Swatch Group $11.6 million in damages for hosting smartwatch watch face designs that replicated the Swatch brands on its Galaxy app store. “We are carefully considering the High Court's judgment and will consider all possible countermeasures, including an appeal,” Samsung said in a statement. The High Court in London ruled Wednesday (local time) that Samsung should pay damages to the Swiss watchmaker as watch face apps developed by third parties have copied watch face designs of Swatch brands such as Breguet, Blancpain, Omega, Longines and Tissot. The ruling was for far less than the $170 million (235.7 billion won) in damages that Swatch Group initially sought, but far higher than Samsung’s claim that it gained only $300 by selling the watch face apps and that Swatch did not suffer any damage. According to local media reports, the court ruled that the majority of the damages were specifically for display infringement that harmed Swatc

    2 MIN READBy Nam Hyun-woo
    Samsung considers appealing UK ruling over Swatch watch face suit
  • Tech & Science

    Koreans' level of AI utilization 1.7 times the global average: report

    1 MIN READBy Yonhap
    Koreans' level of AI utilization 1.7 times the global average: report
  • Companies

    Hybrid becomes Hyundai Motor's new US strategy

    2 MIN READBy Lee Min-hyung
    Hybrid becomes Hyundai Motor's new US strategy
  • Companies

    LG Uplus leads digital customer experience ranking for 3rd straight year

    1 MIN READBy Lee Kyung-min
    LG Uplus leads digital customer experience ranking for 3rd straight year
  • Banking & Finance

    Mirae Asset sets $109 bil. target for digital asset business

    2 MIN READBy Park Han-sol
    Mirae Asset sets $109 bil. target for digital asset business
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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

Hyundai Motor Group builds Korea's 1st waste-to-hydrogen complex in Cheongju

Hyundai Motor Group has completed Korea’s first waste-to-hydrogen (W2H) production and refueling complex in Cheongju, North Chungcheong Province, marking a major step in its strategy to build a localized clean hydrogen ecosystem through resource recycling. The company held an opening ceremony Thursday for HTWO ENERGY Cheongju. The facility converts biogas extracted from sewage sludge generated in the city into clean hydrogen, which will be supplied for local consumption under a circular energy model. The carmaker said the project demonstrates a "local production for local consumption" approach by transforming municipal waste into carbon-free energy within the same region. The company plans to expand similar plants across the nation to accelerate the adoption of hydrogen and strengthen regional energy self-sufficiency. "HTWO ENERGY Cheongju represents a circular economy model in which local waste resources are converted into clean hydrogen and consumed within the same community," said Seo Gang-hyun, head of the corporate planning office at Hyundai Motor Group. "Hyundai Motor Group will a

Jul 9, 2026By Lee Min-hyung
Hyundai Motor Group builds Korea's 1st waste-to-hydrogen complex in Cheongju
Companies

INSPIRE rallies industry leaders to drive inbound tourism boom

INSPIRE Entertainment Resort said it hosted "Inbound Business Connect 2026" Wednesday, an event for inbound travel agencies and tourism industry stakeholders aimed at expanding international visitor numbers to Korea. The event, organized with the Korea Association of Travel Agents, drew about 250 participants, including agency member companies and other tourism industry representatives, INSPIRE said. The company used the gathering to showcase its tourism offerings, discuss strategies for attracting international guests and outline partnership programs, including casino incentive programs developed with its Casino Mass team. INSPIRE said the event was meant to build partnerships with the inbound travel sector as a channel for drawing international tourists and to develop new tourism products that combine its entertainment, hospitality and gaming facilities rather than focusing solely on accommodations. Participants also toured the resort and its Le Space venue. "Close collaboration with the inbound travel industry is essential to expanding international tourist visitation," said Kim Yu-na

Jul 9, 2026By Jhoo Dong-chan
INSPIRE rallies industry leaders to drive inbound tourism boom
Companies

CU convenience store chain opens 600th store in Mongolia

BGF Retail, operator of the CU convenience store chain, said it opened its 600th store in Mongolia, becoming the first Korean retailer to reach that milestone in a single overseas market, about eight years after opening its first store in the country in 2018. The store in the Bulgan Aimag region — about 600 kilometers west of the capital Ulaanbaatar — opened with a ceremony on June 26, which was attended by BGF Retail merchandising and overseas business head Jin Young-ho and Adilbish, chairman of Premium Nexus Group, CU's master franchise partner in Mongolia. The roughly 281-square-meter store sits along a highway route to Lake Khuvsgul, a popular tourist destination, and serves tourists and long-haul truckers. It includes shower facilities, solar power equipment and an electric vehicle charging station — Mongolia's first to be located at a convenience store — along with a section for locally-sourced food. Mongolian Prime Minister Uchral Nyam-Osor said the store's "Green Station" environmental model, developed through Premium Nexus Group's sustainability efforts, would serve as

Jul 9, 2026By Jhoo Dong-chan
CU convenience store chain opens 600th store in Mongolia
Companies

Hyundai Department Store opens 1st overseas flagship store in Tokyo

Hyundai Department Store is set to make a historic entry into Japan's retail landscape this Friday with the opening of its first overseas flagship store in Tokyo’s prestigious Omotesando shopping district. Operating under The Hyundai Global — the retail conglomerate’s specialized platform dedicated to exporting Korean fashion, beauty and entertainment brands — the launch marks the first time a Korean department store operator has established a large-scale flagship presence within a core Japanese shopping hub. Spanning approximately 620 square meters, the new venue, branded simply as The Hyundai, will occupy the third floor of the high-profile Tokyu Plaza Omokado shopping complex. The retail space is strategically organized into nine distinct sections, featuring seven permanent brand showcases and two dedicated pop-up spaces. The curated lineup covers fashion, beauty, food and beverage, and licensed entertainment content. To anchor its cultural appeal to regional consumers, the company has tapped K-pop boy group TWS to serve as the official brand ambassador. This flagship represe

Jul 9, 2026By Jhoo Dong-chan
Hyundai Department Store opens 1st overseas flagship store in Tokyo
Companies

SK bioscience secures WHO GMP approval via streamlined remote audit

SK bioscience completed on Thursday a periodic World Health Organization Good Manufacturing Practice (WHO GMP) review through a documentary assessment alone, without an on-site inspection, at its Andong L HOUSE manufacturing facility, the company said. According to the company, the three-year GMP review covered four WHO prequalification-approved vaccines: influenza vaccines SKYCellflu and SKYCellflu Quadrivalent, varicella vaccine SKYVaricella and typhoid vaccine SKYTyphoid. WHO GMP inspections typically require visits to production sites to verify manufacturing and quality management systems in person. For the Andong facility, the review was completed solely through submitted documentation, which SK bioscience said reflects WHO's confidence in the site's operations and quality systems. The company said the outcome is also linked to the growing international credibility of Korea's pharmaceutical regulatory system following the designation of the Ministry of Food and Drug Safety as a WHO-Listed Authority. Under WHO's Regulatory Reliance policy, the organization can draw on the inspection r

Jul 9, 2026By Jhoo Dong-chan
SK bioscience secures WHO GMP approval via streamlined remote audit
Companies

LG Display study links higher refresh rates to better gaming performance

LG Display said it has completed an experiment and published a paper showing that higher refresh rates on gaming monitors improve players' real-time performance in first-person shooter games. The paper, "A Study on the Impact of Refresh Rate on Real-Time FPS Gaming Performance," found that players using monitors with higher refresh rates were better able to identify moving targets, improving both reaction speed and accuracy, the company said. The blind test involved 31 adult gamers who played a first-person shooter at four refresh rates — 60Hz, 240Hz, 360Hz and 480Hz — presented in random order. Researchers measured quantitative metrics including hit score and event interval time, as well as qualitative ratings on screen smoothness, ease of target tracking and overall preference on a five-point scale. Hit scores, a measure of shooting accuracy, improved 38 percent at 480Hz compared with 60Hz. The gain from 240Hz to 480Hz alone accounted for a 10 percent improvement, which LG Display said shows performance continues to rise as refresh rates increase, even from an already high baselin

Jul 9, 2026By Jhoo Dong-chan
LG Display study links higher refresh rates to better gaming performance
Companies

Nexen Group chairman donates $6.6 mil. in stocks to Pusan Nat'l University

Kang Byung-joong, chairman of Nexen Group, is donating 10 billion won ($6.6 million) of his personal Nexen Tire shares to Pusan National University, the tire maker said. Nexen Tire said in a regulatory filing Tuesday that Kang will donate 1,445,087 shares of the company, worth about 10 billion won ($6.6 million) at current market value, to the university's development foundation. "I'm pleased to be able to help Pusan National University at a time when universities are playing an important role in balanced national development alongside local communities and businesses," Kang said. "I hope more young people can dream and take on challenges in their own regions." Kang, who took charge of the foundation at Ibanseong Middle School in his hometown of Jinju in the mid-1970s, has supported education and cultural programs for five decades. Through personal donations and three foundations — the KNN Culture Foundation, the Nexen Wolseok Culture Foundation and the Wolseok Seondo Scholarship Foundation — he has given about 50 billion won and supported roughly 10,000 scholarship recipients, accord

Jul 9, 2026By Jhoo Dong-chan
Nexen Group chairman donates $6.6 mil. in stocks to Pusan Nat'l University
Companies

LS Electric targets growing ASEAN power market at Vietnam trade show

LS Electric is showcasing its integrated power and automation technology at ELECS Vietnam 2026, a trade show running from Wednesday through Friday at the Saigon Exhibition and Convention Center in Ho Chi Minh City, as the company looks to expand in Southeast Asia's fast-growing electricity market. Occupying 16 booths across 144 square meters, the company secured the largest footprint among exhibitors. The expansive showcase is divided into four dedicated zones: artificial intelligence data centers, digital transformation, smart power management and smart factories. In the data center zone, LS Electric is presenting power infrastructure solutions designed for uninterrupted operation, including high-capacity remote power panels and closed transition transfer switches that allow seamless switching between utility and backup power. The digital transformation zone features K-EMS 2.0, a nationwide power grid management platform the company says is the fifth such system independently developed worldwide, which the company says can optimize power generation control and reduce the risk of large-

Jul 9, 2026By Jhoo Dong-chan
LS Electric targets growing ASEAN power market at Vietnam trade show
Banking & Finance

Shinhan's inclusive music ensemble makes debut on bank's 44th anniversary

Shinhan Bank said Wednesday that it celebrated its 44th anniversary with the debut performance of "Shinhan SOLremio," an ensemble composed of musicians with developmental disabilities. The performance was held in the lobby of Shinhan Bank's headquarters in Seoul on Tuesday. It marked the ensemble's first official performance since the bank established it. Shinhan SOLremio was created as part of Shinhan Bank's efforts to expand employment opportunities for people with disabilities and to support the sustainable artistic careers of musicians with developmental disabilities. The bank directly hired the ensemble members and has provided them with a dedicated rehearsal space at Shinhan Art Hall in Gangnam District, Seoul, helping them work in a stable environment and grow as professional performers. The anniversary concert featured all members of Shinhan SOLremio, along with musicians from Dream With Ensemble, the organization entrusted with operating the group, and winners of the Shinhan Music Awards. The performers presented a wide range of familiar pieces, including classical music, film

Jul 9, 2026By Lee Yeon-woo
Shinhan's inclusive music ensemble makes debut on bank's 44th anniversary
Business

Korean smart farms bolster Middle East food security with $2.6 mil. UAE deal

Faced with heightened geopolitical instability and the persistent threat of maritime disruptions in the Strait of Hormuz, Persian Gulf nations are moving aggressively to secure their domestic food supply chains. Now, Korea’s advanced agricultural sector is positioning itself as a key technological ally in that effort. The Ministry of Agriculture, Food and Rural Affairs, alongside the Korea Trade-Investment Promotion Agency (KOTRA), said Thursday that AgroSolution Korea finalized a $2.6 million contract with United Arab Emirates buyer Alfafa to export a factory-style vertical smart farm. The agreement represents a major breakthrough for Korea's agricultural export ambitions in the Middle East. Under the UAE’s "National Food Security Strategy 2051," the country currently relies on imports for more than 90 percent of its food requirements. While Abu Dhabi had prioritized smart agriculture as a strategic state industry long before the latest regional unrest, commercial experts note that recent geopolitical friction has significantly accelerated the pace of localization. The newly minted

Jul 9, 2026By Jhoo Dong-chan
Korean smart farms bolster Middle East food security with $2.6 mil. UAE deal
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