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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

Novelis Korea supports Yeongju middle school robotics team's trip to world championship

Novelis Korea said Wednesday it provided 26 million won ($17,564) to support a robotics team at Daeyeong Middle School in Yeongju, North Gyeongsang Province, as they prepare to compete in a global championship in the United States. A ceremony was held Wednesday at Daeyeong Middle School, attended by Lee Sang-in, plant manager of Novelis' Yeongju factory, along with representatives from the Yeongju Office of Education, Gyeongbuk College and the Federation for Education of Creative Science & Technology. The school's Eagles team scored highest among 72 domestic and international teams at the 2026 Korea Robot Championship, held in January at Daejeon Convention Center. The victory earned the team a berth at the FIRST Tech Challenge World Championship scheduled for late April in Houston, Texas. It is the second consecutive year the Eagles have qualified for the global event. The sponsorship funds will cover expenses, including airfare and competition registration fees. "It is truly meaningful to see that hands-on education, driven by collaboration between the local enterprise and partner organi

Apr 23, 2026By Jhoo Dong-chan
Novelis Korea supports Yeongju middle school robotics team's trip to world championship
Banking & Finance

Foreigners net purchase $5.7 bil. in treasury bonds since Korea's WGBI inclusion

Foreign investors net purchased 8.5 trillion won ($5.7 billion) worth of Korean treasury bonds since the country began phased inclusion in the World Government Bond Index (WGBI), a key global bond benchmark run by FTSE Russell, the finance ministry said Thursday. The net purchase of bonds occurred from March 30 through Tuesday, with 6.4 trillion won in settlements actually made between April 1 and Tuesday, according to the Ministry of Finance and Economy. In April, Korea began its phased eight-month inclusion into the WGBI, a leading index that measures the performance of government bonds from over 20 major economies, including the United States, Japan and China, with an estimated $2.5 trillion to $3 trillion of funds tracking the index. "Since the start of Korea's inclusion in the WGBI in April, foreign capital has been flowing in smoothly, contributing to stability in the domestic financial market, including a decline in government bond yields," a ministry official said during a WGBI monitoring and investment promotion task force meeting. The official said the country expects to see mo

Apr 23, 2026By Yonhap
Foreigners net purchase $5.7 bil. in treasury bonds since Korea's WGBI inclusion
Banking & Finance

BOK chief, finance minister vows enhanced policy coordination during 1st meeting

New Bank of Korea (BOK) Gov. Shin Hyun-song and Finance Minister Koo Yun-cheol agreed Thursday to strengthen policy coordination amid heightened market volatility stemming from the ongoing Middle East crisis, the central bank said. Shin and Koo underscored the need during their first meeting since Shin took office Tuesday. "As the situation in the Middle East is still unfolding, and given the tension between growth and inflation, monetary and fiscal policies need to be conducted in a coordinated manner," Shin said. "I am very pleased to have this opportunity to directly share our assessments of the economic situation. I will stay in frequent contact to discuss current issues, as well as institutional improvements and structural reform," he added. Koo stressed the importance of close communication in conducting fiscal and monetary policies, noting that financial market volatility remains high amid the Middle East crisis. "The foreign exchange market, in particular, requires closer coordination between the BOK and the finance ministry," Koo said. "Structural reform is needed to boost potent

Apr 23, 2026By Yonhap
BOK chief, finance minister vows enhanced policy coordination during 1st meeting
Business

Biz sentiment for May pessimistic due to Middle East crisis: poll

Korea's business sentiment remains pessimistic for May due to prolonged Middle East crisis, a survey showed Thursday. The business survey index (BSI) of the country's top 600 companies by sales stood at 87.5 for next month, according to the monthly poll by the Federation of Korean Industries (FKI). A reading below 100 means pessimists outnumber optimists, while a figure above the benchmark indicates the opposite. The index remained below the benchmark for 2 consecutive months. The BSI outlook for the manufacturing sector came to 86.5 for May. Within manufacturing, the oil refinery and chemical industry reported a reading of 89.7, with the automotive and transportation equipment sector posting 82.8. The BSI outlook for the non-manufacturing sector came to 88.4. The FKI said hikes in crude oil prices and shipping costs weighed heavily on business sentiment. "To prevent external shocks from eroding the competitiveness of Korean companies, the government should support price stability for petroleum products, including naphtha and oil and gas, while swiftly preparing supplementary measures to m

Apr 23, 2026By Yonhap
Biz sentiment for May pessimistic due to Middle East crisis: poll
Tech & Science

SK hynix's Q1 operating margin breaks above 70%, higher than Nvidia, TSMC

SK hynix on Thursday posted an operating profit of 37.61 trillion won ($25.42 billion) for the first quarter, nearly doubling its previous record set just three months earlier. This helped the chipmaker’s operating margin surpass 70 percent, far outpacing those of TSMC and Nvidia. In its regulatory filing, the chipmaker said its sales stood at 52.58 trillion won and operating profit hit 37.61 trillion won during the January-March period, up respectively 198.1 percent and 405.5 percent from a year earlier. The company's operating margin stood at 72 percent, surpassing the 58 percent posted by Taiwan’s TSMC in the first quarter and 65 percent recorded by Nvidia in the fourth quarter of last year. The two companies are widely considered the industry benchmark for profitability. This marks a new quarterly earnings record for SK hynix, surpassing its previous all-time high set in the fourth quarter of last year — 32.83 trillion won in sales and 19.17 trillion won in operating profit. “A seasonal slowdown is typically seen in the first quarter, but demand remained strong amid expanding

Apr 23, 2026By Nam Hyun-woo
SK hynix's Q1 operating margin breaks above 70%, higher than Nvidia, TSMC
Companies

Chicken supplier Harim emerges as major M&A player

Harim Group, Korea's largest poultry processing firm, has emerged as a major player in the country's mergers and acquisitions (M&A) market, as its home shopping unit was selected as the preferred bidder to acquire Homeplus Express, a supermarket chain under ailing retailer Homeplus. Homeplus and its sales advisor, Samil PwC, on Tuesday conducted a final round of bidding for Homeplus Express, naming NS Home Shopping the preferred negotiation partner. MBK Partners, the largest shareholder of Homeplus, is seeking to sell the unit for around 300 billion won ($203 million), but Harim is reported to have offered less than that. If the two sides reach a deal, the proceeds will be calculated into MBK's rehabilitation plan for cash-strapped Homeplus. The court-imposed deadline for approval of the plan falls on May 4, leaving little room to delay the sale of Homeplus Express. Once the sale of Homeplus Express is completed, Homeplus will be able to secure urgently needed cash, such as funds for wage payments. The company paid only half of its employees’ salaries last month and the rest was belat

Apr 23, 2026By Lee Min-hyung
Chicken supplier Harim emerges as major M&A player
Companies

InterviewKorean firm Elyssia finds success in overseas baby care product market

It has been six years since Korean total baby care products developer Elyssia began accelerating its efforts for global expansion. Since private equity fund company Widus Partners acquired the firm in 2021 and gave it room to explore unlimited business opportunities, the company pushed ahead with trying to win the interest of consumers worldwide, one country after another. Now, the Seoul-based company distributes about 30 brands across categories of skin care, toy, book, health supplement, breastfeed, hygiene, everyday product, interior and furniture, with 2,000 different types of product. About 80 percent of the brands are Elyssia’s private labels, manufactured by original design manufacturers in Korea and China. The portfolio has been possible due to Elyssia's three particular strengths. First, it has adopted a five-stage inspection process called "gate review" (GR) to pipeline products in the highest market needs and with the most trustworthy quality. The data-driven process oversees from market analysis to sample production, marketing, promotion and final check-up. The comprehensive

Apr 23, 2026By Ko Dong-hwan
Korean firm Elyssia finds success in overseas baby care product market
Companies

LIG D&A wins 1st deal to export 'Haegung' missiles to Malaysia

LIG Defense & Aerospace, a South Korean precision-guided weapons maker, has clinched a deal to export the "Haegung" surface-to-air missile system to Malaysia, marking its first export deal of the weapon, officials said Wednesday. The deal valued at some $94 million was signed between LIG Defense & Aerospace and Malaysia's defense ministry on the sidelines of a defense exhibition in Kuala Lumpur this week. It marks the first export of the Haegung missile, developed by the state-run Agency for Defense Development in 2011 to intercept a range of aerial threats targeting warships, including anti-ship missiles and aircraft. The missiles are expected to be mounted on Malaysian offshore patrol vessels built by Turkey's leading defense firm STM. The deal comes as Malaysia has kicked off the Defence Services Asia 2026, the largest arms exhibition in Asia, from Monday to Thursday. South Korea has participated in the event by running a promotion booth aimed at promoting homegrown arms products to boost its entry into the Southeast Asian market.

Apr 22, 2026By Yonhap
LIG D&A wins 1st deal to export 'Haegung' missiles to Malaysia
Tech & Science

AWS bets on multi-agent as next AI paradigm, unveils 2026 partner strategy

Amazon Web Services (AWS) is accelerating its push into the agentic artificial intelligence (AI) market, betting on multi-agentic workflows and expanded global partnerships to help its customers turn generative AI experiments into “immediate,” measurable business outcomes. “2026 is the year of agents and our goal is to really work with our partners to help our customers navigate this time of change,” the company’s Data & AI Go-To-Market Vice President, Rahul Pathak, said during a press conference at its office in Gangnam District, Seoul, on Wednesday. Pathak said customers and partners are moving beyond single generative AI tools toward a multi-agent setup, chaining specialized agents to analyze existing IT assets, draft specifications, generate code and monitor workloads. “We’re seeing comprehensive AI solutions that are really delivering business value for customers, with measurable business outcomes such as 50 to 85 percent productivity improvements, four‑times return on investment and accelerated time to value across industries from financial services and healthcare

Apr 22, 2026By Lee Gyu-lee
AWS bets on multi-agent as next AI paradigm, unveils 2026 partner strategy
Business

KOTRA courts Seattle students in recruitment push

As Korea grapples with a tightening domestic labor market and a race for dominance in emerging technologies, the nation is increasingly looking toward American university hubs to secure its next generation of skilled workers. The Korea Trade-Investment Promotion Agency (KOTRA) hosted a targeted recruitment drive on Tuesday (local time) in Seattle, Washington, a city that has become central to the agency’s efforts to bridge the talent gap. The event, held in conjunction with the Study in Korea Fair 2026 and supported by the Korean Consulate General, drew approximately 2,000 students from 11 regional institutions, including the University of Washington and Portland State University. KOTRA, a state-funded organization established in 1962, functions as the government’s key agency for international trade and investment. While its historical mandate focused on export promotion, its modern role has expanded significantly into attracting foreign direct investments and, more recently, orchestrating a global "brain gain" strategy to support the country's semiconductor, biotechnology and arti

Apr 22, 2026By Lee Kyung-min
KOTRA courts Seattle students in recruitment push
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