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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

Nongshim extends global instant noodles popularity to Russia

Nongshim is stepping up its global expansion by launching a new subsidiary in Moscow in June to target Russia and neighboring markets. The company said Wednesday it will establish Nongshim Rus in the Russian capital, marking its eighth overseas subsidiary following the launch of its European unit in the Netherlands in March 2025. The move comes as exports of Korean instant noodles continue to gain traction in Russia. The country’s imports of Korean instant noodles reached $52 million last year, up 58 percent from a year earlier, driven in part by the global popularity of K-pop and Korean content on streaming platforms. The overall instant noodles market in Russia has also been growing since the COVID-19 pandemic, when demand for convenient, at-home meals surged worldwide. Citing Euromonitor data, Nongshim said the Russian market is expected to grow at an annual rate of more than 10 percent between 2021 and 2030, with the market size projected to reach 1.5 trillion won ($1.01 billion). Nongshim plans to position its flagship Shin Ramyun and other key products as premium offerings. While

Apr 8, 2026By Ko Dong-hwan
Nongshim extends global instant noodles popularity to Russia
Business

Huons Meditech gains foothold in China following approval of aesthetic device

Huons Meditech is expanding into China’s fast-growing market for cosmetic procedures after securing regulatory clearance for a specialized injection needle designed for skin booster treatments, the company said Wednesday. The Korea-based medical device firm said it recently completed registration with China’s National Medical Products Administration (NMPA) for its Premium 9Pin Needle, marking a key step in expanding its presence in the country. The specialized needle is designed for use with the company’s proprietary injection systems, the Dermashine Pro and Dermashine Balance. The company said the Premium 9Pin Needle features a precision-engineered structure that enhances stability even under high-pressure injection. The design also optimizes the needle’s inner diameter length, allowing high-viscosity substances to be delivered deep into the skin without leakage, reducing drug loss. The medical device maker also said it improved convenience for both patients and practitioners, with a specialized bevel design that minimizes pain and recovery time and a dedicated protective cap to

Apr 8, 2026By Lee Kyung-min
Huons Meditech gains foothold in China following approval of aesthetic device
Companies

HDC fined $11.61 mil. over unfair support for ailing affiliate

Korea's antitrust regulator said Wednesday it has imposed a 17.13 billion-won ($11.61 million) fine on major construction firm HDC Holdings for improperly supporting an ailing affiliate facing a management crisis. The Fair Trade Commission (FTC) said it has also ordered corrective measures, noting the company had effectively provided large-scale funds to its affiliate, HDC I'Park Mall, free of charge. The FTC said it plans to refer HDC to prosecutors. According to the watchdog, HDC I'Park Mall, which operates a shopping complex, fell into a severe management crisis in 2006 due to low tenant occupancy rates. HDC allegedly disguised a financial transaction as a lease agreement, under which it delegated store operation and management rights to HDC I'Park Mall while receiving fees and usage profits. The FTC determined that although the transactions were structured as a lease and a management delegation contract, they were, in substance, equivalent to providing a low-interest loan. HDC I'Park Mall borrowed between 33.3 billion won and 36 billion won for more than 17 years but paid only 4.7 bil

Apr 8, 2026By Yonhap
HDC fined $11.61 mil. over unfair support for ailing affiliate
Companies

LX Hausys eyes global market with presence at int’l fairs

LX Hausys is accelerating its expansion into global markets by attending major international housing materials fairs in Europe, the United States and Asia, as it seeks to diversify its revenue sources amid a slowdown in the domestic real estate market. The company has given significant focus to attending international housing material fairs in recent months. It is set to participate in the International Sign Expo 2026 in Orlando from Wednesday (local time) to Friday, and the FESPA Global Print Expo 2026 in Barcelona, Spain, in May, to showcase a wide range of sign and graphic films designed for indoor and outdoor signage and vehicle wraps. In late March, the company participated in FENSTERBAU FRONTALE 2026, the world’s leading trade fair for windows, doors and facades, in Nuremberg, Germany. The company introduced approximately 80 types of high-weather resistance exterior films, designed to maintain performance despite extreme exposure to light and temperature changes. It also took part in Design Shanghai 2026 in China last month. In February, it participated in EuroShop 2026, one of t

Apr 8, 2026By Nam Hyun-woo
LX Hausys eyes global market with presence at int’l fairs
Companies

LIG Defense & Aerospace establishes 1st US subsidiary

LIG Defense & Aerospace (D&A) has established its first local subsidiary in the United States — LIG Defense U.S. — to enhance cooperation with the U.S. Navy, the company said Wednesday. With retired U.S. Navy Vice Adm. Richard Brown appointed as chief adviser, the U.S. subsidiary will carry out comprehensive activities — including building local partnerships and pursuing technology exchanges — as it seeks to enter the world’s largest and most advanced defense market. Brown, the former commander of Naval Surface Forces at the U.S. Pacific Fleet who oversaw fleet operations and led efforts to enhance the combat readiness of surface forces, is considered well suited to strengthen cooperation with the U.S. Navy and expand the company’s business. LIG has operated local offices in key target countries, including Colombia, the United Arab Emirates, Saudi Arabia, Indonesia and Malaysia, as well as in Europe, to build a global network. The launch of the U.S. subsidiary is expected to further boost its international business. LIG D&A has already gained U.S. recognition after its Poniar

Apr 8, 2026By Lee Min-hyung
LIG Defense & Aerospace establishes 1st US subsidiary
Companies

SK hynix to supply advanced storage solution designed for AI PC to Dell

SK hynix plans to begin full-fledged supply of an advanced storage solution for personal computers designed to carry out artificial intelligence (AI) tasks to Dell Technologies this month, the company said Wednesday. The Korean chipmaker said it has launched the PQC21, its latest solid state drive (SSD) incorporating 321-layer QLC NAND flash technology. QLC, or quad-level cell, refers to a type of memory cell used in NAND flash that stores four bits of data in a single cell. "The next-generation storage solution delivers high capacity, performance and power efficiency, meeting the rising demand for efficient storage in AI PC environments," the company said in a release. SK hynix said it will begin supplying the product to Dell Technologies and expand shipments to other major global partners. "Driven by this supply momentum, the company aims to secure a leading position in storage for the next-generation AI PC market and expand its market share in QLC-based cSSDs," it added, referring to client SSDs designed for personal computers.

Apr 8, 2026By Yonhap
SK hynix to supply advanced storage solution designed for AI PC to Dell
Companies

Theborn Korea embroiled in theft scandal at Paik's Coffee

Major food and beverage franchise company Theborn Korea is under dual investigation by the government and police after its signature low-budget coffee brand Paik’s Coffee became embroiled in a dispute between franchisees and a part-time worker over allegedly stolen drinks. The Ministry of Employment and Labor dispatched officials from its Labor Inspection Planning Division to two Paik’s Coffee stores in Cheongju, North Chungcheong Province, where the employer-employee dispute occurred. The Cheongju Cheongwon Police Station is also investigating the case. Each franchisee accused a part-time worker in her 20s of giving beverages to friends and acquaintances or taking drinks herself without informing her employers. One franchisee claimed the worker took 112 drinks without permission while employed from May to October last year. Another franchisee, who had hired her before May, said she improperly accumulated store credit stamps worth 350,000 won ($232) by violating company regulations. The worker said she took only three iced Americanos without paying when she quit one of the stores. She

Apr 8, 2026By Ko Dong-hwan
Theborn Korea embroiled in theft scandal at Paik's Coffee
Business

Rising oil uncertainty could boost Chinese EV expansion abroad

Turmoil around the Strait of Hormuz had injected fresh uncertainty into global oil prices, drawing comparisons to the 1970s oil crisis when rising fuel costs pushed consumers toward more fuel-efficient Japanese cars. This time, analysts say, a similar dynamic could accelerate the global shift to electric vehicles, potentially giving Chinese automakers — already dominant in electric vehicle (EV) production — an edge in overseas markets, including Korea. According to data cited by Chinese brokerage Citic Securities from MarkLines, a Japanese company specializing in automotive industry data and analysis, Japanese carmakers’ share of the U.S. market rose to 20 percent in 1980 from just 4 percent in 1972. As Chinese electric and hybrid vehicle makers expand into the global market, many are positioning themselves to challenge the long-standing dominance of Japanese brands by offering lower running costs and strong price competitiveness. Advances in technologies such as BYD’s DM-i 5.0 hybrid system have already made Chinese models more cost-competitive than their Japanese counterparts,

Apr 8, 2026By Alice Li
Rising oil uncertainty could boost Chinese EV expansion abroad
Companies

Korean shipbuilders at center of US-China rivalry

Competition has intensified between the United States and China to strengthen cooperation with Korea’s shipbuilding sector, as the world’s two largest economies vie for maritime supremacy. Amid Washington’s push to revive American shipyards with Korean investments and technologies, Beijing has begun extending an olive branch to shipbuilders here after previously warning them about their ties with U.S. partners. China’s state-owned Global Times said in a column on Monday that Korea and China have different technological levels, cost structures and market positioning, which create room for mutually beneficial cooperation. Despite the rivalry between the two countries’ shipbuilders to win global orders, the newspaper emphasized their complementary strengths, citing Korea’s expertise in designing high-end vessels and China’s mass production efficiency. “South Korea still holds certain technological edge in manufacturing some key components, for which Chinese shipbuilders have strong demand,” it said. “In green shipbuilding technology, joint research and development, shared

Apr 8, 2026By Park Jae-hyuk
Korean shipbuilders at center of US-China rivalry
Companies

POSCO to directly hire 7,000 workers from partner companies

Korean steelmaker POSCO said Tuesday it will directly hire about 7,000 workers from its partner companies in its latest effort to address the country's long-standing subcontracting structure. The decision, considered unconventional in the industry, involves directly employing partner company workers who support production operations at POSCO's steel plants in Pohang, North Gyeongsang Province, and Gwangyang, South Jeolla Province. The company said about 7,000 on-site workers from partner firms are expected to be gradually transitioned into POSCO employees. Steelmaking operations require facilities to run around the clock, and differences in job functions have led to a system in which both in-house employees and subcontracted workers operate together.

Apr 7, 2026By Yonhap
POSCO to directly hire 7,000 workers from partner companies
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