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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

    SK hynix ships 12-high HBM4E samples to customers

    2 MIN READBy Nam Hyun-woo
    SK hynix ships 12-high HBM4E samples to customers
  • 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
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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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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
Companies

TEST DRIVE Audi Q8: most well-rounded luxury SUV with athletic identity

The Audi Q8 premium SUV exudes an overwhelming presence at first glance, with its massive yet well-refined silhouette hinting at the vehicle’s inherently powerful driving performance.

Aug 22, 2024By Lee Min-hyung
[TEST DRIVE] Audi Q8: most well-rounded luxury SUV with athletic identity
Banking & Finance

Charity group named after Mirae Asset founder bolsters children's reading campaign

A charity organization named after Mirae Asset Financial Group founder Park Hyeon-joo is stepping up its campaign to foster an ideal book-reading environment for children.

Aug 21, 2024By Yi Whan-woo
Charity group named after Mirae Asset founder bolsters children's reading campaign
Banking & Finance

Rookie stocks make underwhelming market debut

A string of newly listed firms is experiencing a steep fall in prices following their debut on the stock market.

Aug 21, 2024By Yi Whan-woo
Rookie stocks make underwhelming market debut
Companies

Korean coffee franchises accelerate global expansion

Korean coffee franchise companies are accelerating their global expansion as the domestic market becomes increasingly saturated with both franchise and independently-owned coffee shops, according to the companies and industry experts, Wednesday.

Aug 21, 2024By Ko Dong-hwan
Korean coffee franchises accelerate global expansion
Companies

INTERVIEW BNC Global evolves from distributor to manufacturer in medical aesthetic market

SONGDO, Incheon — BNC Global is on its way to becoming a fully capable local manufacturer of aesthetic medical devices in Korea, as the company aims to broaden its global market for those seeking to improve their natural beauty.

Aug 21, 2024By Ko Dong-hwan
[INTERVIEW] BNC Global evolves from distributor to manufacturer in medical aesthetic market
Companies

Gadeok airport project faces mounting uncertainties

A new airport construction project on Busan’s Gadeok Island is facing increasing uncertainties, as the government's attempt to secure builders for the initial phase of site preparation has failed for the third time.

Aug 21, 2024By Ko Dong-hwan
Gadeok airport project faces mounting uncertainties
Tech & Science

SK Telecom to open AI data center with Nvidia GPU

SK Telecom said Wednesday it will open an artificial intelligence (AI) data center powered by Nvidia’s advanced graphics processing unit (GPU) in southwestern Seoul in December as part of a partnership with the U.S.-based GPU cloud firm Lambda.

Aug 21, 2024By Nam Hyun-woo
SK Telecom to open AI data center with Nvidia GPU
Banking & Finance

Extended fuel tax cut adds to concerns over tax revenue shortage

The government's decision to extend a years-long tax cut on fuel for cars by an additional two months is fueling concerns over a significant shortfall in tax revenue.

Aug 21, 2024By Yi Whan-woo
Extended fuel tax cut adds to concerns over tax revenue shortage
Banking & Finance

Unsettled payments of TMON, WeMakePrice triple to $613 million

The total in delayed payments by cash-strapped TMON and WeMakePrice to their vendors has reached 818.8 billion won ($613 million) as of Monday, according to the Ministry of Economy and Finance, Wednesday. The amount is about three times higher than the 278.3 billion won that the government estimated on Aug. 1.

Aug 21, 2024By Jun Ji-hye
Unsettled payments of TMON, WeMakePrice triple to $613 million
  • Can TMON and WeMakePrice successfully exit corporate rehabilitation?
  • Financial watchdog considers revamp after TMON, WeMakePrice crisis
  • FTC to tighten e-commerce rules after collapse of TMON, WeMakePrice
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