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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

LX Pantos seeks to expand presence in Central Asia

Logistics provider LX Pantos CEO Lee Yong-ho recently met with Kazakhstan Transport Minister Marat Karabayev in the Central Asian country’s capital of Astana, to discuss ways for bilateral cooperation in the logistics sector, the company said Thursday.

Oct 10, 2024By Park Jae-hyuk
LX Pantos seeks to expand presence in Central Asia
Companies

Mercedes aims to recharge image with LG battery deal

Mercedes-Benz aims to enhance its tarnished corporate image — resulting from the disastrous fire involving its EQE electric vehicle (EV) — by securing a major battery contract with Korea’s largest battery manufacturer, LG Energy Solution.

Oct 10, 2024By Lee Min-hyung
Mercedes aims to recharge image with LG battery deal
Tech & Science

KT to debut Korea-specific AI model with Microsoft next year

KT will debut a Korea-specific artificial intelligence (AI) model within the first half of next year, as part of a partnership with Microsoft, the telecom company’s CEO said, Thursday, pledging that the collaboration is expected to generate 4.6 trillion won ($3.4 billion) in sales for the next five years.

Oct 10, 2024By Nam Hyun-woo
KT to debut Korea-specific AI model with Microsoft next year
Companies

Lotte chairman in Ghana

Lotte Group Chairman Shin Dong-bin, second from left, listens to a farm worker explain how cacao is grown at a ranch in Suhum, Ghana, Tuesday. Lotte Group said Thursday that Shin and the CEOs of Lotte's food affiliates in Korea and Japan visited Ghana to check the cacao supply chain and explore business opportunities in Africa. Upon their visit, the group donated 130,000 cacao saplings. Courtesy of Lotte Group

Oct 10, 2024By Nam Hyun-woo
Lotte chairman in Ghana
Companies

Shinsegae, Paramount Global to build theme park in Korea

Shinsegae Group said Thursday it has partnered with U.S. media group Paramount Global to build a large-scale theme park in Korea.

Oct 10, 2024By Yonhap
Shinsegae, Paramount Global to build theme park in Korea
Companies

Mercedes-Benz EV owners in Korea sue automaker over purported misinformation of battery cell supplier

A group of Mercedes-Benz electric vehicle owners in Korea have sued the German automaker, alleging the company of providing misleading information over their vehicles' battery cell supplier, their legal representative said Thursday.

Oct 10, 2024By Yonhap
Mercedes-Benz EV owners in Korea sue automaker over purported misinformation of battery cell supplier
Banking & Finance

Toss Securities appoints new CEO as predecessor resigns 6 months before term ends

Toss Securities announced Thursday the appointment of a new CEO, Kim Gyu-bin, following the sudden resignation of former CEO Kim Seung-yeon, who stepped down with six months remaining in his term.

Oct 10, 2024By Lee Yeon-woo
Toss Securities appoints new CEO as predecessor resigns 6 months before term ends
Tech & Science

HD Hyundai develops ammonia dual-fuel engine

HD Hyundai Heavy Industries (HHI) developed a zero-carbon ammonia dual-fuel engine to lead the market for eco-friendly shipbuilding, the company said Thursday.

Oct 10, 2024By Park Jae-hyuk
HD Hyundai develops ammonia dual-fuel engine
Companies

Hyundai to use $3 bil. record India IPO proceeds for new cars, R&D

Hyundai Motor plans to use proceeds from a record $3.3 billion IPO of its Indian unit to enhance its research efforts and develop new cars, aspiring to transform the South Asian country into a manufacturing hub for emerging markets.

Oct 10, 2024By Reuters
Hyundai to use $3 bil. record India IPO proceeds for new cars, R&D
Companies

Court to deliberate on issuing arrest warrants for Qoo10 CEO over massive payment delays

Qoo10 CEO Ku Young-bae attended a court hearing held on Thursday to determine whether to issue an arrest warrant on fraud and embezzlement charges related to his e-commerce group's large-scale payment delays to vendors.

Oct 10, 2024By Yonhap
Court to deliberate on issuing arrest warrants for Qoo10 CEO over massive payment delays
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