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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

POSCO hosts 2024 Sustainable Materials Forum

POSCO hosted the 2024 Sustainable Materials Forum at COEX in Seoul from Monday to Wednesday.

Oct 9, 2024By Park Jae-hyuk
POSCO hosts 2024 Sustainable Materials Forum
Banking & Finance

Korea's top 4 conglomerates take up 40% of GDP in 2023

Korea's top four conglomerates accounted for more than 40 percent of the country's annual gross domestic product (GDP) in 2023, data showed Wednesday.

Oct 9, 2024By Yonhap
Korea's top 4 conglomerates take up 40% of GDP in 2023
Companies

Korean Air increases use of local ingredients in in-flight meals

Korean Air announced on Tuesday that it has increased the use of domestic food ingredients in its in-flight meals to support local farming and fishing communities.

Oct 9, 2024By Lee Min-hyung
Korean Air increases use of local ingredients in in-flight meals
Tech & Science

Samsung Electronics' Q3 earnings fall below market expectations

Samsung Electronics on Tuesday forecast its third-quarter operating profit to fall below market expectations due to weak chip demand for smartphones and one-off costs.

Oct 8, 2024By Nam Hyun-woo
Samsung Electronics' Q3 earnings fall below market expectations
Companies

KRC expands rural development projects in Indonesia, Africa

Korea Rural Community Corp. (KRC) is pursuing and supporting more rural development projects in Indonesia and African nations as the developing countries seek to build new infrastructure and improve food security through the agency's advanced planning and practices, according to its chief on Tuesday.

Oct 8, 2024By Ko Dong-hwan
KRC expands rural development projects in Indonesia, Africa
Companies

Shipyard workers not allowed to testify about industrial accidents

Subcontracted shipyard workers are protesting a decision by lawmakers to reject the testimonies of laborers regarding industrial accidents during a National Assembly audit of the Economic, Social, and Labor Council on Oct. 15.

Oct 8, 2024By Park Jae-hyuk
Shipyard workers not allowed to testify about industrial accidents
Companies

POSCO expresses concerns over delayed US ban on Chinese graphite

POSCO Future M has informed U.S. Ambassador to Korea Philip Goldberg of a setback in its business primarily due to the U.S. government’s decision to give a two-year grace period regarding the Foreign Entities of Concern (FEOC) restrictions under the Inflation Reduction Act.

Oct 8, 2024By Park Jae-hyuk
POSCO expresses concerns over delayed US ban on Chinese graphite
Companies

Hyundai Motor, Toyota to host joint racing festival in Korea

Hyundai Motor and Toyota Motor will hold a joint racing festival in Korea, in their first joint effort to pomote motorsport culture, the two carmakers said Tuesday.

Oct 8, 2024By Lee Min-hyung
Hyundai Motor, Toyota to host joint racing festival in Korea
Companies

FSS chief orders thorough inspection of Korea Zinc for any legal violation

The head of the financial watchdog on Tuesday called for a thorough inspection of Korea Zinc and those seeking to take over the firm for any legal violations in their attempts to take over or defend the company.

Oct 8, 2024By Yonhap
FSS chief orders thorough inspection of Korea Zinc for any legal violation
Tech & Science

LG Energy Q3 operating profit falls 39% amid EV slowdown

LG Energy Solution (LGES), Korea's leading battery maker, said Tuesday its third-quarter operating profit fell 39 percent from a year earlier amid slowing sales of electric vehicles.

Oct 8, 2024By Yonhap
LG Energy Q3 operating profit falls 39% amid EV slowdown
  • LG Energy Solution, General Motors show signs of drifting apart
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