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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

    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
  • Companies

    Hanwha Ocean faces mounting costs from blocked icebreaker delivery to Russia

    2 MIN READBy Lee Min-hyung
    Hanwha Ocean faces mounting costs from blocked icebreaker delivery to Russia
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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

Tuna extract raises cooking brand for Dongwon F&B

Dongwon Tuna Extract is helping lift Dongwon F&B across Korea’s cooking scene and retail market, as rising grocery and dine-in prices fuel a surge in home-cooking consumers. The product has garnered fame as an all-purpose sauce with mostly positive reviews from consumers from those cooking at home to experienced professionals. Use for the sauce, with ingredients including over 80 percent of smoked tuna extract and radish, shiitake mushrooms and kelp, extends to not just Korean dishes but to Western and Japanese cuisines as well. The market influencer by the subsidiary of Dongwon Industries that dominates the country’s tuna can market for more than 40 years hit retail shelves in 2022. In 2024, its sales spiked more than 50 percent from previous year. A total of 7.5 million bottles were sold by the end of last year. Market analyst NielsenIQ Korea said the product lineup, which offers three different varieties, dominated the tuna extract market here from April 2025 to last month. In January, it won the Grand Prize in the tuna broth category at Korea First Brand Awards hosted by the Kor

Apr 28, 2026By Ko Dong-hwan
Tuna extract raises cooking brand for Dongwon F&B
Companies

Hyundai Motor launches battery subscription plan to reduce EV purchase costs

Hyundai Motor Group said Tuesday that it will begin a pilot program letting customers pay separately for electric vehicle (EV) batteries rather than buying them with the car, an effort to reduce the upfront cost of owning an EV. Hyundai Motor and Hyundai Capital will jointly run the pilot in the first half of this year, targeting corporate taxi operators whose battery warranties have expired. The program is made possible by a special regulatory exemption approved by the Ministry of Land, Infrastructure and Transport in November, allowing electric vehicle bodies and batteries to be registered under separate ownership for the first time. Under current vehicle regulations, batteries cannot be registered or managed separately from the vehicle. That has been cited as a drag on EV demand, since battery degradation can reduce resale values and leave owners responsible for costly replacements. The pilot program will cover five Ioniq 5 fleet taxis operating in the Seoul metropolitan area. Participating operators will pay a monthly subscription fee to Hyundai Capital and, when a battery needs rep

Apr 28, 2026By Jhoo Dong-chan
Hyundai Motor launches battery subscription plan to reduce EV purchase costs
Companies

CJ CheilJedang makes garbage bags from biodegradable plastic alternative

CJ CheilJedang, the main food and biotechnology arm of CJ Group, has successfully produced garbage bags made from PHA, a biodegradable material developed through the company’s fermentation technology, marking the latest expansion of its commercial use. PHA, or polyhydroxyalkanoate, is produced by microorganisms that feed on plant-derived sugars such as those from sugarcane through a fermentation process. Unlike petroleum-based plastics, it biodegrades in both soil and seawater. Only a handful of companies worldwide can mass-produce PHA, and CJ CheilJedang is the sole domestic producer in Korea. The new bags match conventional garbage bags in tensile strength while offering 1.8 times greater elasticity, allowing them to hold large volumes of waste without tearing, the company said. CJ CheilJedang recently signed an agreement with Jung District office in Seoul and donated 350,000 bags in two sizes — 10 liters and 20 liters. The 10 liter bags will be used for road cleaning, while the 20 liter bags will be distributed to residents who bring recyclables such as cans and glass bottles to

Apr 28, 2026By Jhoo Dong-chan
CJ CheilJedang makes garbage bags from biodegradable plastic alternative
Companies

LG Uplus tops 2026 customer rankings in mobile service, IPTV

LG Uplus, one of Korea's three major wireless service providers, ranked first in both the mobile telephone service and IPTV categories of the 2026 National Customer Satisfaction Index, the company said Tuesday. The company’s top ranking in mobile telephone service was its first in that category, while its IPTV result marked a fifth consecutive year atop the index. LG Uplus said the results reflected a companywide quality management system that uses artificial intelligence (AI) to identify and address customer frustrations through analysis of customer feedback data. Recurring service issues are handled through standardized processes, while systems are continuously upgraded to improve reliability and convenience, the company said. In mobile services, LG Uplus has centered its differentiation strategy on ixi-O, an AI call agent introduced in late 2024. The service provides call recording and summaries, real-time voice-phishing and spam detection and highly personalized call assistance features. LG Uplus unveiled an upgraded version, ixi-O Pro, at MWC26 in Barcelona in March, where it drew

Apr 28, 2026By Jhoo Dong-chan
LG Uplus tops 2026 customer rankings in mobile service, IPTV
Companies

S. Korea to begin 1st filing for global minimum corporate tax next month

South Korea's tax authorities said Tuesday they will begin receiving filings under the new global minimum corporate tax regime from more than 2,500 multinational enterprises next month. Qualifying companies, which include virtually all major domestic conglomerates, must complete their first filing and payment for fiscal year 2024 by June 30, with the filing period opening Friday, the National Tax Service (NTS) said. The rule requires a minimum corporate tax rate of 15 percent for companies with more than 750 million euros (US$878 million) in annual revenue. It is designed to reduce tax competition among countries and prevent large multinational companies from avoiding taxes. Under the rules, qualifying companies must file in South Korea regardless of whether their ultimate parent company is based domestically or abroad. Even if the parent company's home country has not implemented the global minimum tax, subsidiaries in South Korea are still required to file. However, government entities, international organizations, nonprofit groups and pension funds are all exempt from this arrangement

Apr 28, 2026By Yonhap
S. Korea to begin 1st filing for global minimum corporate tax next month
Companies

Antitrust regulator extends corrective measures on Hanwha's shipbuilder acquisition by another 3 years

South Korea's antitrust regulator said Tuesday it has extended by three years the compliance period for corrective measures imposed as a condition of a major shipbuilder acquisition led by Hanwha Group in 2022. In 2023, the Korea Fair Trade Commission (FTC) ordered corrective measures after Hanwha Aerospace Co. and five other affiliates acquired a 49.3 percent stake and management control of then troubled Daewoo Shipbuilding & Marine Engineering, which has since been renamed Hanwha Ocean. Under the latest decision, Hanwha Aerospace, Hanwha Systems Co. and Hanwha Ocean will be prohibited from engaging in practices such as discriminatory pricing for ship components for another three years, the FTC said. The FTC said the corrective measures will now remain in effect until May 2, 2029, and added that it may extend the restrictions by up to two additional years if necessary following a review of market competition conditions and legal changes. The latest decision marks the first time the regulator has extended the enforcement period of corrective measures imposed on a corporate merger. The com

Apr 28, 2026By Yonhap
Antitrust regulator extends corrective measures on Hanwha's shipbuilder acquisition by another 3 years
Companies

Hyundai Motor revamps IONIQ strategy for China, Europe

Hyundai Motor is accelerating a strategic realignment of its IONIQ brand to focus on China and Europe — two of the world’s largest electric vehicle (EV) markets — as the carmaker struggles to overcome tariff-induced earnings decline. The carmaker recently unveiled the IONIQ V all-electric sedan, designed for China, in a renewed push for the world’s largest EV market. Hyundai Motor’s top executives — including Vice Chair Chang Jae-hoon and CEO Jose Munoz — flew to Beijing for the Auto China 2026 exhibition. China’s EV market is dominated by homegrown players, but Hyundai Motor is moving to recover its sales with the strategic launch of the China-exclusive model. The carmaker also shared its plan to introduce 20 new models there over the next five years, spanning both extended-range electric vehicles and fully electric models. The IONIQ V EV stands out for its advanced features, including a 27-inch 4K display and an advanced driver assistance system developed in partnership with Chinese autonomous driving firm, Momenta. “China is the most difficult market for us, but we w

Apr 28, 2026By Lee Min-hyung
Hyundai Motor revamps IONIQ strategy for China, Europe
Companies

Samsung SDI returns to black in Q1 on battery demand recovery

Samsung SDI on Tuesday reported a first-quarter operating loss of 155.6 billion won ($115.3 million) and revenue of 3.58 trillion won, as it sharply narrowed losses and returned to net profit. The company said revenue rose 12.6 percent year-on-year, while operating loss contracted 64.2 percent. Net profit came to 56.1 billion won, marking a return to profitability. By segment, the battery business generated 3.35 trillion won in revenue and posted an operating loss of 176.6 billion won, while the electronic materials business recorded 222 billion won in revenue and an operating profit of 21 billion won. Samsung SDI said battery performance improved as demand recovered across key applications, including energy storage systems (ESS), uninterruptible power supply, battery backup units (BBU) and power tools. Revenue rose 12.5 percent year-on-year, while losses narrowed by more than 61 percent. The improvement was driven in part by increased Advanced Manufacturing Production Credit benefits, supported by expanded U.S.-based ESS battery production and sales, as well as higher shipments of high-

Apr 28, 2026By Nam Hyun-woo
Samsung SDI returns to black in Q1 on battery demand recovery
Tech & Science

Gov't to offer $203.6 mil. support for projects aimed at fostering AI, green transformation of industrial complexes

The industry ministry said Tuesday it will provide a combined 300 billion won ($203.6 million) in support for projects aimed at facilitating the artificial intelligence (AI) and green transformation of industrial complexes. The support will be offered over the next three to four years for nine projects aimed at creating the so-called smart and green industrial complexes, according to the Ministry of Trade, Industry and Resources. The ministry will first invest a combined 90 billion won in the projects this year. Since 2019, the ministry has designated a total of 24 industrial complexes across the nation, including those in Changwon, Incheon, Daegu, Yeosu and Ulsan. These complexes are being used to push for AI and green transformation as part of a nationwide effort to foster innovation and eco-friendly growth of manufacturing industries. "The government will do its utmost to support changes that can lead to stronger competitiveness of companies operating at the industrial complexes and the revitalization of regional economies," a ministry official said.

Apr 28, 2026By Yonhap
Gov't to offer $203.6 mil. support for projects aimed at fostering AI, green transformation of industrial complexes
Companies

Kolon TissueGene presents long-term TG-C data at OARSI

Kolon TissueGene announced that it presented long-term follow-up data for TG-C at the World Congress of the Osteoarthritis Research Society International (OARSI), held April 23 to 26 in West Palm Beach, Florida. OARSI is an international organization focused on osteoarthritis research, and its annual congress brings together clinical and scientific experts to share emerging data. At the congress, the company presented long-term follow-up data of up to 17 years for TG-C, along with a subgroup analysis from a Phase 2 study evaluating outcomes by body mass index (BMI). As of July 31, 2025, a total of 219 participants — including five from Phase 1, 33 from Phase 2 and 181 from Phase 3 — had been followed for up to about 17 years in a long-term study. Based on the available data, no new safety signals have been identified so far, and no tumor cases have been deemed related to TG-C. A subgroup of elderly patients monitored for more than a decade also showed no new safety findings during the observation period. A subgroup analysis from a Phase 2 study showed reductions in pain scores in bot

Apr 28, 2026By Nam Hyun-woo
Kolon TissueGene presents long-term TG-C data at OARSI
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