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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

Renault Korea's Grand Koleos SUV set to arrive soon

Renault Korea will begin delivering the Grand Koleos SUV to Korean consumers next month, it said Thursday.

Aug 22, 2024By Jhoo Dong-chan
Renault Korea's Grand Koleos SUV set to arrive soon
Banking & Finance

National pension fund opposes SK Innovation's planned merger with SK E&S

The national pension fund said Thursday it opposed a planned merger between SK Innovation and its energy affiliate SK E&S, saying it could significantly undermine shareholder value.

Aug 22, 2024By Yonhap
National pension fund opposes SK Innovation's planned merger with SK E&S
Banking & Finance

Parties clash over inheritance tax reforms amid broader debate about economic issues

Parties are wrangling over how far the inheritance tax should be lowered, in their latest race to take the initiative on overhauling a string of contentious taxes in a bid to woo the public.

Aug 22, 2024By Yi Whan-woo
Parties clash over inheritance tax reforms amid broader debate about economic issues
Companies

HS Hyosung seeks new growth engine in materials

Following a governance reform for independent management under the third-generation heir of the newly established holding company of the Hyosung Group, HS Hyosung is tasked with expanding its global presence in the next-generation materials business.

Aug 22, 2024By Lee Min-hyung
HS Hyosung seeks new growth engine in materials
Companies

Hyundai Steel seeks new growth engines

Hyundai Steel said Thursday that it has made various efforts to secure future growth engines and enhance its competitiveness in the market.

Aug 22, 2024By Park Jae-hyuk
Hyundai Steel seeks new growth engines
Banking & Finance

Hana nurtures next-generation women leaders through dedicated program

Hana Financial Group launched the fourth cohort of its Hana Waves next-generation leadership program for women at its headquarters in Seoul on Wednesday.

Aug 22, 2024By Yoon Ja-young
Hana nurtures next-generation women leaders through dedicated program
Banking & Finance

KB Kookmin Bank for Cambodian children

KB Kookmin Bank CEO Lee Jae-keun, second from left, stands with swimmer Kim Woo-min, left, and Financial Supervisory Service First Senior Deputy Gov. Lee Se-hoon while delivering dolls and cookies to a Cambodian kid recovering from heart surgery at Bucheon Sejong Hospital in Bucheon, Gyeonggi Province, Wednesday. The bank, along with the financial regulator and the Salvation Army Korea Territory, has supported about 100 children from Cambodia to get heart surgery in Korea. Courtesy of KB Kookmin Bank

Aug 22, 2024By Yoon Ja-young
KB Kookmin Bank for Cambodian children
Companies

Novelis Korea bolsters job training for young workforce

Novelis Korea has set its sights on nurturing a young local workforce and helping regional development by signing a business agreement with North Gyeongsang Province, under which they will launch various programs aimed at supporting the future workforce, according to the company Wednesday.

Aug 22, 2024By Ko Dong-hwan
Novelis Korea bolsters job training for young workforce
Companies

US carmakers significantly impact Korean battery firms' plans

Korean battery firms have been consistently impacted by U.S. automakers frequently altering their plans for electric vehicle (EV) production amid decelerating global demand.

Aug 22, 2024By Park Jae-hyuk
US carmakers significantly impact Korean battery firms' plans
Tech & Science

SK Group chief sees AI-induced changes as business opportunities

The chief of SK Group, Korea's chip-to-chemical conglomerate, said Thursday the group will be quick to respond to AI-induced changes to grasp business opportunities and seek growth.

Aug 22, 2024By Yonhap
SK Group chief sees AI-induced changes as business opportunities
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