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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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Business

INTERVIEW 'Harvesting key to reducing Korea's surging timber imports'

Timber harvesting is crucial for increasing Korea’s self-sufficiency in timber, which the country has been heavily importing, according to the former Korea Forest Service (KFS) minister, who is critical of environmentalists for their opposition to logging and advocating for total preservation.

Aug 24, 2024By Ko Dong-hwan
[INTERVIEW] 'Harvesting key to reducing Korea's surging timber imports'
Companies

Dongsuh Foods showcases various beverages using Maxim instant coffee

Dongsuh Foods' café in Itaewon, Seoul, is gaining tourists' attention with its coffee-based beverages using the company's famous Maxim Mocha Gold instant coffee.

Aug 23, 2024By Nam Hyun-woo
Dongsuh Foods showcases various beverages using Maxim instant coffee
Banking & Finance

Insurers step up battle for products targeting women

Competition among insurance companies is intensifying over products tailored for women, driven by increased interest in women’s health and the rapid rise in the number of working women.

Aug 23, 2024By Jun Ji-hye
Insurers step up battle for products targeting women
Companies

Financial authorities oppose restructuring of SK, Doosan

The government has indicated its opposition to merger plans proposed by SK and Doosan.

Aug 23, 2024By Park Jae-hyuk
Financial authorities oppose restructuring of SK, Doosan
Tech & Science

Coway dominates water purifier market with filter technology

Korean home appliances maker Coway credits its three-decade leadership in the Korean water purifier market to its advanced filter technology.

Aug 23, 2024By Park Jae-hyuk
Coway dominates water purifier market with filter technology
Companies

Hanwha heir to buy W54.4 bil. worth of Hanwha Galleria shares

Kim Dong-sun, the third son of Hanwha Group Chairman Kim Seung-youn and vice president of Hanwha Galleria, will buy 54.4 billion won ($40.6 million) worth of Hanwha Galleria shares in a tender offer to strengthen his control over the commerce unit and buoy the company's bearish share prices.

Aug 23, 2024By Nam Hyun-woo
Hanwha heir to buy W54.4 bil. worth of Hanwha Galleria shares
Companies

Hyundai Motor adviser Sung Kim wins George F. Kennan Award

Sung Kim, former U.S. Special Representative for North Korea Policy and an adviser for Hyundai Motor, has been nominated as this year’s recipient of the George F. Kennan Award for Distinguished Public Service, the carmaker said, Friday.

Aug 23, 2024By Nam Hyun-woo
Hyundai Motor adviser Sung Kim wins George F. Kennan Award
Tech & Science

China's 'patriotic consumption' tests Korean display makers

Korean companies' dominance in the global display market is being increasingly challenged by their Chinese counterparts, with recent data revealing that Chinese firms' global OLED market share surpassed that of Korean companies for the first time in the first quarter of this year.

Aug 23, 2024By Nam Hyun-woo
China's 'patriotic consumption' tests Korean display makers
Business

61 Korean companies make 2024 Forbes Global 2000 list

Sixty-one Korean firms have made the Forbes 2024 Global 2000 List this year, including nine that are in the top 500, according to the Korea Chamber of Commerce and Industry (KCCI) Thursday.

Aug 22, 2024By Ko Dong-hwan
61 Korean companies make 2024 Forbes Global 2000 list
Banking & Finance

Insurers review policies related to EVs following series of accidents

Insurance companies in Korea have begun reviewing their policies regarding electric vehicles (EVs) following reports of fires caused by these vehicles.

Aug 22, 2024By Jun Ji-hye
Insurers review policies related to EVs following series of accidents
  • Mercedes-Benz EV fire victims say company's relief support pledge 'absurdly insufficient'
  • EV fires heighten concerns: Tesla, Mercedes-Benz accidents add to alarm
  • EV makers delay new model launches amid safety concerns
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