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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

LG Electronics spurs portfolio revamp under Vision 2030

LG Electronics CEO Cho Joo-wan said Wednesday that the company is successfully growing new businesses that can post more than 1 trillion won ($751.7 million) in annual sales.

Aug 21, 2024By Nam Hyun-woo
LG Electronics spurs portfolio revamp under Vision 2030
Companies

LG Energy Solution expands battery safety diagnosis business

LG Energy Solution will expand its software-driven battery safety diagnosis business with global carmakers, as demand keeps rising amid lingering safety concerns stemming from numerous fires caused by electric vehicles (EVs) in recent months, the company said, Wednesday.

Aug 21, 2024By Lee Min-hyung
LG Energy Solution expands battery safety diagnosis business
Companies

Hyundai, Kia outperform Ford, GM in US EV market in Jan.-July period: report

The combined market share of electric vehicles produced by Korea's Hyundai Motor and Kia in the United States ranked second in the January-July period, outperforming local manufacturers Ford Motor and General Motors, an industry report showed Wednesday.

Aug 21, 2024By Yonhap
Hyundai, Kia outperform Ford, GM in US EV market in Jan.-July period: report
Companies

Samsung, LG, SK see drop in young employees

According to the corporate tracker Leaders Index, the proportion of employees in their 20s at major Korean conglomerates decreased to 21.6 percent in 2023 from 23.4 percent in 2021, while the share of workers aged 50 or older increased to 22 percent from 20.8 percent.

Aug 21, 2024By Park Jae-hyuk
Samsung, LG, SK see drop in young employees
Banking & Finance

Gig economy spreads among younger, older workers

A retired civil servant in his late 60s, Jeong Shin-mook, has been working night shifts as a security guard on weekends at an office building in Seoul for years after his retirement.

Aug 20, 2024By Yi Whan-woo
Gig economy spreads among younger, older workers
Companies

Daewoo E&C sets example of labor-management cooperation

Daewoo Engineering & Construction is strengthening the collaboration between management and labor, serving as a model of overcoming a prolonged downturn in the construction industry.

Aug 20, 2024By Nam Hyun-woo
Daewoo E&C sets example of labor-management cooperation
Tech & Science

Can Nexon founder's family buy back stakes they unloaded to pay tax?

The family of Nexon's founder sold their 645 billion won ($485.3 million) stake in the video game giant to the holding company NXC. This sale is intended to help cover approximately 6 trillion won in inheritance taxes.

Aug 20, 2024By Nam Hyun-woo
Can Nexon founder's family buy back stakes they unloaded to pay tax?
Companies

Retail firms utilize Olympic medalists to improve corporate image

Retail companies are taking advantage of Olympic medalists either by signing sponsorship deals or offering special incentives to those who brought home medals from the Paris Olympics.

Aug 20, 2024By Lee Min-hyung
Retail firms utilize Olympic medalists to improve corporate image
Companies

More industrial gas firms put up for sale

A growing number of industrial gas companies are being offered for sale, with SK becoming the latest to join this trend.

Aug 20, 2024By Park Jae-hyuk
More industrial gas firms put up for sale
Companies

Major business groups breathe sigh of relief amid Harris' rise

Major conglomerates are expressing unexpected relief at the rise of U.S. Democratic presidential candidate Kamala Harris, as the vice president is widely expected to maintain consistency in key eco-friendly policies championed by the incumbent Joe Biden administration — particularly those related to batteries and electric vehicles, according to industry officials and experts, Tuesday.

Aug 20, 2024By Lee Min-hyung
Major business groups breathe sigh of relief amid Harris' rise
  • Absence of denuclearization in US Democratic Party platform alarms Seoul
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