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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 starts unloading non-core assets

POSCO Group’s restructuring of unprofitable assets has begun, starting with POSCO Future M’s divestment from P&O Chemical, a joint venture with polysilicon maker OCI.

Aug 26, 2024By Park Jae-hyuk
POSCO starts unloading non-core assets
Companies

Coupang under antitrust regulator's probe over service bundling allegations

The antitrust regulator said Monday that it is looking into e-commerce giant Coupang regarding allegations that it has unfairly bundled its food delivery service and music streaming platform while raising membership fees.

Aug 26, 2024By Yonhap
Coupang under antitrust regulator's probe over service bundling allegations
Tech & Science

HD Hyundai seeks expansion in hydrogen fuel cell market

HD Hyundai has been accelerating efforts to expand its presence in the hydrogen fuel cell market.

Aug 26, 2024By Park Jae-hyuk
HD Hyundai seeks expansion in hydrogen fuel cell market
Companies

Hyundai Motor, Kia earn top ratings from global top agencies

Hyundai Motor and Kia have received A ratings from the world’s top three ratings agencies on their healthy financial management and flexible vehicle production capability, the carmakers said Monday.

Aug 26, 2024By Lee Min-hyung
Hyundai Motor, Kia earn top ratings from global top agencies
Companies

Power shortage risks rise as Hanam rejects KEPCO substation expansion

Concerns about a potential power shortage in Seoul and Gyeonggi Province are growing following Hanam City's rejection of Korea Electric Power Corp’s (KEPCO) plan to upgrade and expand its over 40-year-old substation in the city, according to industry watchers, Sunday.

Aug 25, 2024By Ko Dong-hwan
Power shortage risks rise as Hanam rejects KEPCO substation expansion
  • Why do power line expansions keep getting delayed in Korea?
Tech & Science

Samsung, LG to unveil new AI-powered home appliances at IFA 2024 in Berlin

Korean tech giants Samsung Electronics and LG Electronics are planning to showcase various new artificial intelligence-powered home appliances at the IFA 2024 home electronics show in Berlin next month, industry sources said Sunday.

Aug 25, 2024By Yonhap
Samsung, LG to unveil new AI-powered home appliances at IFA 2024 in Berlin
Banking & Finance

Government intervention raises concerns about market freedom in Korea

There are growing concerns that the government is overstepping its boundaries by intervening in financial, business, and economic matters that should be managed independently by the private sector or the central bank.

Aug 25, 2024By Yi Whan-woo
Government intervention raises concerns about market freedom in Korea
Banking & Finance

Brokerage houses accelerate AI transition

Brokerage firms are expediting their investments in artificial intelligence (AI) to better navigate the digital transition.

Aug 25, 2024By Yi Whan-woo
Brokerage houses accelerate AI transition
Companies

Summer heat boosts shopping mall sales, demand for ready-to-eat meals

The record-breaking summer heat is driving more people to seek refuge in air-conditioned shopping malls and leading them to cook less at home, according to the country’s major shopping malls and superstore chains, Sunday.

Aug 25, 2024By Ko Dong-hwan
Summer heat boosts shopping mall sales, demand for ready-to-eat meals
Companies

Conglomerate leaders seek new business opportunities in Czech Republic

Leaders of Korea’s major conglomerates are seeking to create fresh business opportunities in Crezh Republic, particularly in the eco-friendly vehicle and energy sectors, according to company officials, Sunday.

Aug 25, 2024By Lee Min-hyung
Conglomerate leaders seek new business opportunities in Czech Republic
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