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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
  • 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
  • Companies

    Hyundai Steel, LSU partner on next-gen steelmaking research

    2 MIN READBy Lee Gyu-lee
    Hyundai Steel, LSU partner on next-gen steelmaking research
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Companies

P&G Korea runs promotional event for Oral-B electric toothbrush

P&G Korea is running a promotional event for its Oral-B electric toothbrush brand at the retail chain E-Mart's stores nationwide to encourage customers to take better care of their oral health, the company said Monday.

Oct 7, 2024By Lee Min-hyung
P&G Korea runs promotional event for Oral-B electric toothbrush
Tech & Science

Regulator to begin probe into TikTok over potential violation of personal data law

South Korea's media regulator is set to look into TikTok over a potential violation of the nation's personal data protection law, an official at the regulator said Monday.

Oct 7, 2024By Yonhap
Regulator to begin probe into TikTok over potential violation of personal data law
Companies

Mercedes-Benz dealers in Korea apparently trained to tell customers company used only CATL battery cells in EVs

Mercedes-Benz car dealers in Korea have apparently been trained by the company's local unit to tell customers that the automaker used battery cells produced exclusively by CATL in its electric vehicle (EV) models.

Oct 7, 2024By Yonhap
Mercedes-Benz dealers in Korea apparently trained to tell customers company used only CATL battery cells in EVs
Companies

Kia vehicles top 3 bestselling car models during Jan.-Sept. period

The top three bestselling car models in Korea during the first nine months of the year were all found to be those of Kia, industry data showed Monday.

Oct 7, 2024By Yonhap
Kia vehicles top 3 bestselling car models during Jan.-Sept. period
Companies

Gov't report on health risks of paper straws causes confusion

A government-commissioned report saying that the health risk of paper straws is worse than plastic ones is creating confusion among Korea's food and beverage businesses, according to industry officials on Sunday.

Oct 7, 2024By Ko Dong-hwan
Gov't report on health risks of paper straws causes confusion
Tech & Science

LG CNS seeks $5.9 bil. IPO, aims for early 2025 listing

LG CNS, an IT system unit of LG Group, is seeking to debut on Korea's main KOSPI market early next year and achieve a valuation of up to 8 trillion won ($5.9 billion) through the initial public offering (IPO).

Oct 6, 2024By Nam Hyun-woo
LG CNS seeks $5.9 bil. IPO, aims for early 2025 listing
Tech & Science

SK hynix poised to outpace Samsung in Q3 chip earnings

As Korea's two main chipmakers prepare to announce their earnings for the third quarter of this year, expectations are rising that SK Hynix may surpass Samsung Electronics in operating profit within the semiconductor sector.

Oct 6, 2024By Nam Hyun-woo
SK hynix poised to outpace Samsung in Q3 chip earnings
Banking & Finance

Gen Zers, millennials opt for bars, Gen Xers flock to fast-food chains

Koreans in their 20s and 30s are the largest patrons of bars and cafes among all age groups, while those in their 40s and 50s tend to frequent fast food restaurants and snack bars, according to a report released Sunday.

Oct 6, 2024By Yi Whan-woo
Gen Zers, millennials opt for bars, Gen Xers flock to fast-food chains
Companies

Mercedes-Benz, Volkswagen to provide EV battery management info to transport authority

The Korean units of Mercedes-Benz Group AG and Volkswagen Group plan to provide information regarding the battery management system (BMS) of their electric vehicle (EV) models to the local transport safety authority, according to officials Sunday.

Oct 6, 2024By Yonhap
Mercedes-Benz, Volkswagen to provide EV battery management info to transport authority
Companies

T'way Air fined $1.48 mil. for 5 counts of safety rule violations this year

Korean low-cost carrier (LCC) T'way Air was imposed with a total fine of 2 billion won ($1.48 million) for multiple air safety rule violations in a special inspection carried out earlier this year, a government document showed Sunday.

Oct 6, 2024By Yonhap
T'way Air fined $1.48 mil. for 5 counts of safety rule violations this year
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