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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

Kumho Petrochemical prepares for market recovery

Kumho Petrochemical Group has been assessing its long-term business plans and pushing ahead with sustainable strategies as growth in its industry was sluggish last year, the conglomerate said Friday.

Oct 11, 2024By Park Jae-hyuk
Kumho Petrochemical prepares for market recovery
Banking & Finance

Korean firms’ overseas tax payments reach record high

The total amount of taxes paid abroad by Korean corporations reached a record high of 7.64 trillion won ($5.6 billion) last year, according to Rep. Cha Gyu-geun of the minor liberal Rebuilding Korea Party, Thursday. This is an increase of approximately 4.4 trillion won compared to 2019.

Oct 11, 2024By Jun Ji-hye
Korean firms’ overseas tax payments reach record high
Companies

Quebec delegation visits POSCO Future M plant

A delegation from the Energy Transition Valley in Quebec, Canada, visited POSCO Future M's cathode material plant in Pohang, Tuesday, the company said, Thursday.

Oct 10, 2024By Kang Seung-woo
Quebec delegation visits POSCO Future M plant
Tech & Science

Merck opens spin-on-dielectric application lab for next-gen chips

Merck opened its latest spin-on-dielectric (SOD) application center in Anseong, Gyeonggi Province, on Thursday as part of the company’s strategy to strengthen its supply chain partnerships with Korean chipmakers.

Oct 10, 2024By Nam Hyun-woo
Merck opens spin-on-dielectric application lab for next-gen chips
Banking & Finance

Embattled Woori chairman grilled at Assembly audit over loan scandal

Woori Financial Chairman Yim Jong-yong said Thursday that he would take responsibility for any issues for which he should be held accountable regarding a substantial amount of inappropriate loans extended to relatives of the lender's former chief.

Oct 10, 2024By Jun Ji-hye
Embattled Woori chairman grilled at Assembly audit over loan scandal
  • Korea expected to suffer another massive tax revenue shortfall in 2024
  • Tax revenue falls $7.19 bil. through August on weak corporate earnings
Banking & Finance

INTERVIEW Citi emphasizes commitment to global FX management

Korea's possible inclusion in the World Government Bond Index (WGBI), operated by the London-based FTSE Russell, is expected to have various positive impacts on the overall Korean financial market beyond the local bond market, according to Flavio Figueiredo, Citi's global head of foreign exchange (FX) based in New York.

Oct 10, 2024By Yoon Ja-young
[INTERVIEW] Citi emphasizes commitment to global FX management
Companies

Hanwha chairman underscores spirit of 'great challenger' to overcome crisis

Hanwha Group Chairman Kim Seung-youn has underscored the spirit of a "great challenger" once again, urging the group's employees to be more audacious without being swayed by the market cycle or external factors.

Oct 10, 2024By Lee Min-hyung
Hanwha chairman underscores spirit of 'great challenger' to overcome crisis
Banking & Finance

More hostile M&As likely on Korea's path to becoming advanced country in finance: report

Korean firms are anticipated to face more attempts for hostile mergers and acquisitions (M&As) as the nation strives to become an advanced country in the finance sector, according to a report released Thursday.

Oct 10, 2024By Yi Whan-woo
More hostile M&As likely on Korea's path to becoming advanced country in finance: report
Companies

Paris Baguette adds Thailand, Laos, Brunei to Southeast Asian market expansion

SPC Group has broadened its overseas bakery market by entering Southeast Asia, securing master franchise (MF) agreements for its subsidiary, Paris Baguette, with local companies in Thailand, Laos, and Brunei, the Korean food conglomerate said Thursday.

Oct 10, 2024By Ko Dong-hwan
Paris Baguette adds Thailand, Laos, Brunei to Southeast Asian market expansion
Companies

'Culinary Class Wars' fills convenience franchises with new goodies

The country’s mega convenience franchise firms are launching ambitious new items, riding on the popularity of the trendy Netflix show "Culinary Class Wars," industry officials said on Thursday.

Oct 10, 2024By Ko Dong-hwan
'Culinary Class Wars' fills convenience franchises with new goodies
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