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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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Tech & Science

Q3 earnings outlook appears rosy for Naver, gloomy for Kakao

The outlook for third-quarter earnings of Korea's leading internet service providers, Naver and Kakao, is going in opposite directions.

Oct 14, 2024By Nam Hyun-woo
Q3 earnings outlook appears rosy for Naver, gloomy for Kakao
Banking & Finance

Number of employed women exceeds 10 mil. for 1st time in Korea

The number of employed women in Korea has surpassed 10 million for the first time, data showed Monday.

Oct 14, 2024By Yi Whan-woo
Number of employed women exceeds 10 mil. for 1st time in Korea
Banking & Finance

Cancellation of shares more than doubles from last year

The value of shares canceled by listed companies in Korea more than doubled from last year, as the government is stepping up efforts to enhance shareholder return, data showed Monday.

Oct 14, 2024By Yi Whan-woo
Cancellation of shares more than doubles from last year
Companies

Genesis BBQ brings Germany's Oktoberfest celebration to Seoul

Genesis BBQ is attracting customers with its own version of Oktoberfest, the major fried chicken franchise announced Monday.

Oct 14, 2024By Ko Dong-hwan
Genesis BBQ brings Germany's Oktoberfest celebration to Seoul
Companies

Construction firms improve communication with foreign workers

Major Korean construction firms have taken various measures to improve communication with foreign workers to prevent fatal industrial accidents that have been exacerbated by language barriers.

Oct 14, 2024By Park Jae-hyuk
Construction firms improve communication with foreign workers
Companies

Activist fund offers to acquire ginseng unit of KT&G for $1.4 bil.

Flashlight Capital Partners (FCP), a Singapore-based activist fund, on Monday offered to acquire the ginseng business unit of KT&G, South Korea's dominant tobacco company, for 1.9 trillion won ($1.4 billion).

Oct 14, 2024By Yonhap
Activist fund offers to acquire ginseng unit of KT&G for $1.4 bil.
Companies

Kia releases revamped Carnival minivan

Kia said Monday it has released a revamped version of its Carnival minivan model with a suite of improved safety and convenience features along with upgraded value proposition.

Oct 14, 2024By Yonhap
Kia releases revamped Carnival minivan
Tech & Science

CEOs of Samsung SDI, LG Innotek search for global recruits

The CEOs of Samsung SDI and LG Innotek each hosted events to tap into the global workforce, showcasing their companies' visions to attract talented specialists and skilled professionals.

Oct 13, 2024By Nam Hyun-woo
CEOs of Samsung SDI, LG Innotek search for global recruits
Tech & Science

Speculation grows over management reshuffle at Samsung's chip division

Speculation is growing that Samsung Electronics may implement a management overhaul across its business operations, with particular emphasis on its Device Solutions (DS) division, which oversees the chip business.

Oct 13, 2024By Nam Hyun-woo
Speculation grows over management reshuffle at Samsung's chip division
Banking & Finance

Interest rate cut brings mixed reactions across financial sectors

The end of the Bank of Korea’s (BOK) prolonged policy interest rate freeze is bringing mixed reactions across different financial sectors. While some sectors such as credit card firms may benefit from the change, others such as banks are apprehensive about the potential impacts on their profitability.

Oct 13, 2024By Jun Ji-hye
Interest rate cut brings mixed reactions across financial sectors
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