Electric vehicle (EV) charging operator Chaevi has achieved a rare clean sweep in this year's government EV charging facility subsidy program, securing qualifications across all four categories in both network operation and hardware manufacturing. The company was selected as an operator and manufacturer of fast, medium-speed and slow charging facilities under a program overseen by the Ministry of Climate, Energy and Environment. The selection marks Chaevi’s ninth consecutive year as a designated charging facility operator and its first selection in newly introduced manufacturer categories, according to the company. The four categories cover operators of fast and medium-speed chargers, operators of slow chargers, manufacturers of fast and medium-speed chargers, and manufacturers of slow chargers, allowing Chaevi to participate in the government’s subsidy program through 2027. The government revised its evaluation system this year to assess operators and manufacturers separately, with manufacturers facing additional scrutiny of technological development, product quality and charging pe

Power transmission equipment manufacturer Hyosung Heavy Industries opened a new factory in Changwon, South Gyeongsang Province, Friday, doubling its production capacity for extra-high-voltage circuit breakers rated at 420 kilovolts (kV) and above as it prepares for surging global demand for power infrastructure. The facility, covering about 18,996 square meters, will exclusively manufacture circuit breakers rated at 420 kV, 550 kV and 800 kV for export markets, strengthening the company's ability to fulfill large overseas orders. Hyosung Heavy Industries reorganized its existing circuit breaker operations to focus primarily on domestic models, while the new facility handles export products rated at 420 kV and above. The factory integrates component manufacturing, assembly, testing and shipping under one roof, creating a streamlined production system designed to improve efficiency and delivery times. Production capacity for insulation components, which are critical to circuit breaker performance, has also doubled, according to the company, which said it is the only domestic power equipmen

Samsung Electronics said Friday that three of its products have been named to TIME magazine’s list of The Best Inventions of 2026. The U.S. weekly news magazine announced the list Thursday (local time). It picked the Galaxy S26 Ultra smartphone in the Consumer Electronics category, the Bespoke AI Family Hub refrigerator in Household and the Odyssey G8 gaming monitor in Entertainment & Gaming. TIME compiles the list each year from nominations by its editors and correspondents around the world. It rates new products and ideas on originality, efficacy, ambition and impact. The magazine called the Galaxy S26 Ultra “a privacy-focused smartphone,” citing its Privacy Display. The feature effectively blocks people from viewing the screen from the side. Users can choose when it turns on or apply it only to certain content, such as pop-up notifications. TIME said this makes it more flexible than conventional privacy screen protectors. The phone is the top model in the Galaxy S26 series, which was released in March. It has a 200-megapixel wide-angle camera and artificial intelligence (AI) fea

American Chamber of Commerce in Korea (AMCHAM) Chairman James Kim received an honorary doctorate in business administration from Korea Aerospace University (KAU) on Thursday in recognition of his contributions to Korea-U.S. economic cooperation. The university recognized Kim for bringing businesses and policymakers from the two countries together to promote trade, investment and cooperation in advanced industries. It also cited his efforts to attract foreign investment to Korea and improve the business environment in the country, drawing on his experience leading global companies. A degree ceremony was held at Vision Hall in the university’s Aerospace Center following a commemorative tree-planting event. KAU President Hurr Hee-young delivered welcoming remarks, while Korean Air Executive Vice President Kenneth Chang offered congratulatory remarks. “It is a great honor to receive an honorary doctorate from a university that has been at the forefront of developing Korea’s aerospace and defense talent,” Kim said. Kim also praised KAU’s efforts to develop talent and strengthen ties

Korea’s first homegrown obesity drug could shake up a market dominated by Mounjaro and Wegovy, an industry official said, as more Koreans travel to Japan to obtain cheaper Mounjaro and bring it home illegally, driven by the high cost of obesity treatments in Korea. Chung Sang-won, director of pharmacy innovation at the Korea Pharmaceutical Association, said the launch of Eppe, Korea’s first domestically developed glucagon-like peptide-1 (GLP-1)-based obesity treatment, could intensify price competition, as seen in China. “The price of Eli Lilly’s Mounjaro fell by as much as 66 percent in China earlier this year, from 1,758 yuan ($262) to 599 yuan. Novo Nordisk’s Wegovy also saw a substantial price drop,” Chung said. The price cuts came amid intensifying competition in China, where domestically developed GLP-1-based obesity treatments have entered the market. In 2025, Innovent Biologics’ mazdutide, a dual glucagon and GLP-1 receptor agonist, received approval from Chinese authorities, adding to competition in the country’s obesity drug market. Sciwind Biosciences’ ecnogl

XCENA, a Korean fabless semiconductor company developing memory infrastructure, said Friday it demonstrated new memory solutions based on Compute Express Link (CXL) technology at the 2026 OCP Global Summit in San Jose, showcasing its shared-memory technology in collaboration with SK hynix. CXL is a high-speed connection standard allowing multiple processors to share and expand memory beyond what is physically attached to them by drawing from a shared pool of memory. It is gaining attention as a key technology for optimizing performance as memory demands grow in workloads such as artificial intelligence (AI) inference. During the event, XCENA demonstrated two AI inference use cases built on MX1, its CXL-based memory controller chip. The first demonstration showed multiple AI inference servers sharing key value cache memory (KV cache) through a CXL memory pool. KV cache stores context a model has already processed so it can be reused when generating responses. Keeping it in a shared pool reduces redundant copies and data movement across servers. The second demonstration showed how MX1 can

Speculation is growing that CJ Group could team up with Daou Kiwoom Group to bid for control of JoongAng Ilbo, as the newspaper publisher seeks a buyer amid a liquidity crisis at its parent group. According to industry sources Friday, CJ is reportedly considering forming a consortium with Daou Kiwoom to participate in the final round of bidding for the newspaper. The deadline for final bids is on Oct. 19. CJ holds a 9.24 percent stake in JoongAng Ilbo through its affiliate CJ OliveNetworks, potentially giving the group an existing foothold in the acquisition process. JoongAng Ilbo entered a workout program in July amid liquidity pressures at some affiliates of JoongAng Group. The newspaper publisher is pursuing the sale of its management rights and other restructuring measures to restore its financial health. The company said in a statement on Sept. 29 that it aims to select a preferred bidder by the end of October. Six companies reportedly participated in the preliminary bidding last month: Global Sae-A, Geumbo Development, Daou Technology, Orion, OK Financial Group and eBroadcasting. A w

Alibaba Group Holding’s two major domestic online marketplaces, Taobao and Tmall, plan to greatly expand the use of artificial intelligence across merchants’ operations next year, a senior executive said, as the e-commerce giant doubles down on the technology to drive growth amid a challenging consumer landscape. “Starting next year, AI will comprehensively enter the internal enterprise workflows of merchants,” Liu Bo, president of Tmall, said at the company’s Singles’ Day media briefing on...

Dutch semiconductor equipment giant ASML is expanding into next-generation hybrid bonding, a technique that creates dense electrical connections by directly joining chips or silicon wafers, according to a new report. Major Chinese companies are also adopting the technology to improve chip performance. ASML submitted 27 patent families related to hybrid bonding tools between December 2022 and November 2024, according to a report published by semiconductor and AI supply chain research firm...

The cuts affect around one-fifth of the studio’s local workforce, with Ubisoft saying its Singapore operation remains an important part of its global production organisation.

The upsized Car Expo returns to Singapore Expo with more than 50 car brands, now with a tech and home lifestyle extension, plus great deals and prizes to take home!

The Huawei MatePad Air has a generous 12-inch display, but it’s only 5.3mm thin.

SK hynix said Friday that it has showcased its next-generation artificial intelligence (AI) memory technologies aimed at expanding the boundaries of AI infrastructure beyond conventional high-bandwidth memory (HBM). The company presented the technologies at the OCP Global Summit 2026, held in California from Tuesday to Thursday (local time). The summit is an annual conference organized by the Open Compute Project Foundation that brings together engineers and industry leaders. The Korean chip giant said it divided its exhibition space into two sections. The front section, dubbed the memory section, showcased the company's flagship products, while the larger rear section, called the system demo section, featured memory solutions designed to support next-generation server ecosystems. Kim Ho-sik, a senior vice president at SK hynix, introduced MARS (Memory-Centric AI Rack-Scale System), a disaggregated rack-scale architecture designed to coordinate computing and memory resources seamlessly. Kim highlighted progress in High Bandwidth Flash (HBF), a technology aimed at addressing the industry's

Michelle Simmons has worked with cutting-edge technology for decades. Now she is establishing what she calls a “world-first” plant in Sydney.

Artificial intelligence (AI) models developed by a research team led by Korea Advanced Institute of Science and Technology (KAIST) professor Nam Ju-han made their debut at one of Korea’s leading jazz festivals, performing improvised jazz alongside human artists. According to the university Friday, the team showcased human-AI music collaboration technology that analyzes the flow of human performances in real time, allowing AI to take over performances or generate improvised accompaniment, during the 23rd Jarasum Jazz Festival, held in Gapyeong County, Gyeonggi Province, from Oct. 9 to 11. A total of 12 human jazz artists participated in the event, collaborating with AI in 26 pieces across 12 performances. The technology is different from existing music AI services as it enables collaboration with human musicians in jazz, a genre characterized by improvisation. Jazz musicians often change the tempo or create new melodies based on how they feel in the moment. Because the same piece can be performed differently each time, musicians must listen to one another and adjust their playing accord

The cloak-and-dagger details of the case have gained attention in Silicon Valley and in law enforcement and national security circles.

SEATTLE — Alaska Airlines is looking to expand its presence in Asia as its Incheon-Seattle route gains traction, with Korea emerging as a key market in the U.S. carrier’s expanding international network. The airline recorded load factors of 82 percent in June, 84 percent in July and 79 percent in August on the route, marking a strong start in its first full year of operations. The figures exceeded expectations for a new route, which typically takes about three years to mature as the airline adjusts schedules and connections to meet passenger demand. "Those are really good, strong load factors for the first year of a new route," Shane Tackett, president and chief financial officer of Alaska Airlines, said in an interview with The Korea Times on Sept. 29. He added that one month ranked among Alaska's best-performing international routes financially before fuel prices increased significantly. The airline sees further opportunities to attract passengers from Korea, where its brand remains relatively unfamiliar. Tackett said Alaska Airlines aims to raise awareness of its services and enco

Hyundai Motor’s weakening auto profitability is raising questions about the sustainability of its costly investments in robotics and autonomous driving, as the technologies remain years away from generating significant earnings. The company is betting on Boston Dynamics’ Atlas humanoid robot, its own software-defined vehicle (SDV) and autonomous driving capabilities as three core pillars for its future mobility. Yet those businesses are far from generating tangible earnings, leaving Hyundai increasingly dependent on its conventional auto business which faces mounting earnings pressure from labor disputes at home, tariffs from the United States and intensifying competition from Chinese automakers in Europe. The timing gap between its weakening core business and future growth engines is becoming harder for investors to overlook. Hyundai’s shares have fallen around 60 percent from their June 1 peak of 783,000 won ($587) to less than 320,000 won on Monday, reflecting fading enthusiasm for its robotics ambitions and growing doubts over its earnings outlook. The pressure continues to be

Best known for turning sheet masks into a beauty routine staple, L&P Cosmetic’s Mediheal is building its next stage of growth around a broader portfolio of skin care solutions, ranging from toners to serums, cleansers, creams and sun care products. The expansion reflects Mediheal’s evolution from a mask-focused label into a comprehensive skin care brand designed to address consumers’ needs across every step of their daily routines. Drawing on the recognition it has built through sheet masks, the brand is extending its ingredient expertise and research capabilities into products that can be used before, after and alongside masks. That strategy was on display in Japan in August when Mediheal introduced its new Derma Skin Care Series, featuring toners, serums and serum masks. The series used three ingredients closely associated with the brand: tea tree, madecassoside and polydeoxyribonucleotide, better known as PDRN, an ingredient now gaining attention in the skin care market. The series' launch marked another major transformation for the brand since its entry into Japan with its mas

A constellation of five Korean microsatellites successfully captured and transmitted its first images to a ground station within a day of launch aboard the country's homegrown Nuri space rocket last week, the space agency said Thursday. The five New-space Earth Observation Satellite Constellation for National Safety (NEONSAT) microsatellites transmitted their first images just 14 hours and 29 minutes after liftoff from the Naro Space Center in the southwestern coastal town of Goheung on Oct. 7, according to the Korea AeroSpace Administration (KASA). The early acquisition of imagery confirmed the normal operation of the satellites and their optical payloads, marking a milestone in Korea's efforts to establish its first domestically developed microsatellite constellation. The satellites are maintaining stable communications with ground stations, with their power generation and attitude control systems operating normally, KASA said. Following additional payload checks, KASA and the Korea Advanced Institute of Science and Technology (KAIST) will begin initial operations. The five satellites

Korean steelmaker POSCO and shipbuilder Hanwha Ocean are teaming up to build a demonstration liquified natural gas (LNG) carrier equipped with high-manganese steel cargo tanks, aiming to strengthen Korea’s technological competitiveness in a market long dominated by foreign technology. LNG fuel tanks store the fuel used to power LNG-fueled vessels, while cargo tanks on LNG carriers are large storage systems that hold the LNG itself for transportation overseas. According to POSCO, the two companies signed a memorandum of understanding (MOU) at the shipbuilder’s Geoje shipyard to develop the demonstration vessel. The signing ceremony was attended by senior executives from both sides, including POSCO President Lee Hee-geun and Hanwha Ocean CEO Kim Hee-cheul. The partnership comes amid expectations of rising LNG demand as countries seek lower-carbon energy sources, fueling demand for LNG carriers. Korean shipbuilders, however, remain dependent on foreign technology for cargo tanks, a key component of the vessels. Under the MOU, the companies will develop cargo tanks using POSCO’s high-m

A recent hacking incident involving commercial refrigerators at supermarkets in France is highlighting the importance of cybersecurity for connected equipment among Korean businesses, as companies increasingly rely on interconnected and centrally controlled systems for their operations. Industry officials said Thursday that the attack compromised supermarket refrigeration systems, but the underlying issue is the growing reliance of commercial equipment on network connectivity. They stressed the need to strengthen security across both hardware and software to ensure that no loopholes emerge anywhere in the system. The incident affected hundreds of supermarkets in France, where hackers reportedly gained remote access to centralized refrigeration control systems and manipulated temperatures, forcing retailers to discard spoiled food. Danish manufacturer Danfoss, which supplied the affected systems, attributed the incident to outdated equipment that had not received security updates. Retail chains, including supermarkets, use commercial refrigeration equipment. In Korea, major electronics c

Hanwha Systems' laser air defense weapon Cheongwang successfully intercepted three out of three target drones in a live-fire demonstration, highlighting the company's efforts to expand its presence in the global air defense market. The company said Thursday that Cheongwang, also known as the Laser Air Defense Weapon Block-I, and a vehicle-mounted high-energy laser cannon intercepted the drones during the Army’s Army TIGER+ integrated combat exercise in Yangpyeong, Gyeonggi Province, on Wednesday. About 500 people attended the exercise, including the Army chief of staff, military officials, academics and industry experts. Cheongwang and the 30-kilowatt-class vehicle-mounted laser cannon achieved a 100 percent interception rate against the three drones. Small, low-cost unmanned aerial vehicles (UAVs) have emerged as growing battlefield threats, serving both reconnaissance and surveillance purposes and as attack weapons. Laser weapons are gaining attention as next-generation air defense systems capable of countering drone swarms while addressing some limitations of conventional missile-b

Shinhan Financial Group is seeking to bolster its nonbank operations by acquiring Lotte Insurance, but analysts cautioned Thursday that a meaningful contribution to group earnings may take time, as the insurer could require substantial additional capital to strengthen its financial position. Concerns over the cost of the deal weighed on Shinhan shares, which plunged 4.31 percent Wednesday following Tuesday’s announcement and fell a further 0.84 percent Thursday. The group agreed Tuesday to purchase a 77.04 percent stake in Lotte Insurance from private equity firm JKL Partners for 693.3 billion won ($514.6 million). After securing regulatory approval, it plans to acquire the remaining shares and eventually merge the insurer with its existing subsidiary, Shinhan EZ General Insurance. Lotte Insurance has 14 trillion won in assets and 3.34 million customers, giving Shinhan a substantially larger foothold in non-life insurance. The financial group aims to raise annual profit from the business to at least 120 billion won within three years. But market analysts warned that the insurer’s wea

The Financial Services Commission’s (FSC) planned relocation to the administrative city of Sejong next year is raising concerns across the financial industry about potential disruptions to communication with regulators and the resulting operational inefficiencies, industry officials said Thursday. Industry officials are particularly concerned that the move could make it harder for banks and securities firms, most of which are headquartered in Seoul, to consult financial authorities on regulatory matters. The country's top financial regulator, currently based in Seoul, plans to move to Sejong, about 110 kilometers to the south, in the second half of 2027. The move is part of a broader government plan to relocate 44 central government agencies and affiliated bodies from the Seoul metropolitan area to Sejong between 2027 and 2031, aiming to decentralize functions concentrated in the capital area and promote regional growth. Banks are weighing how to adapt, with some expecting to rely more heavily on remote communication. "We expect to establish ways to respond, including expanding the use

QUVASOY, Uzbekistan — Hansae Mobility, a Korean automotive parts manufacturer supplying global carmakers, has expanded its overseas production capacity with the completion of a new plant in Quvasoy, in Uzbekistan's Fergana Region. Hansae Yes24 Group's automotive parts subsidiary held a completion ceremony for the plant Tuesday (local time) in a free economic zone in Quvasoy. The facility is operated by Hansae Mobility Turan, an Uzbekistan subsidiary wholly owned by Hansae Mobility. The ceremony was attended by Hansae Mobility CEO and Hansae Vice Chairman Kim Ik-whan, Mirzohid Murodilovich, deputy governor of Fergana Region, and other officials and representatives from Korea and Uzbekistan. The plant is expected to enable Hansae Mobility to supply its products more quickly to clients in Uzbekistan and expand its customer base in neighboring countries across the Commonwealth of Independent States (CIS). Before the plant opened, Hansae Mobility had to export the parts from Korea. The new facility adds to the company's existing manufacturing bases in Daegu, the U.S. state of Michigan and t

Major Korean companies including Samsung, SK and Doosan are considering participating in the acquisition of a stake in U.S. nuclear power company Westinghouse, according to industry sources. If private companies join nuclear cooperation between Korea and the United States, which has so far been led largely by state-run companies such as Korea Electric Power Corp. (KEPCO) and Korea Hydro & Nuclear Power (KHNP), the move is expected to give Korean companies greater momentum in entering the U.S. nuclear power market. Government and industry sources said Wednesday that the government has been surveying nuclear power-related companies about their interest in investing in Westinghouse since announcing its investment plans in the United States. Companies interested in participating recently gathered at a meeting hosted by KEPCO to discuss potential investment options, according to the sources. Samsung C&T, SK Group, Hyundai Engineering & Construction and Doosan Enerbility were among the companies that attended the meeting. Securing a stake in Westinghouse is one of the key issues in investment

Taihan Cable & Solution, a leading power cable and energy infrastructure manufacturer, said Thursday that its U.S. subsidiary has won a turnkey extra-high-voltage grid project in the United States, capitalizing on surging power demand from artificial intelligence (AI) and data centers. Under the deal, the subsidiary, T.E.USA, will oversee local engineering, construction and other work, while the Korean headquarters will produce and supply key materials such as extra-high-voltage cables and joints. In a turnkey contract, a single company handles a project from design through construction and hands it over ready for operation. The headquarters and the U.S. unit signed a material supply contract worth about 120 billion won ($89 million), which the company disclosed in a regulatory filing Thursday. Taihan did not reveal the total value of the turnkey project or the client, citing a nondisclosure agreement. The order follows another extra-high-voltage turnkey project worth about 100 billion won that the company won in the U.S. in January. Taihan said it has won all 500-kilovolt high-voltage a

CJ OliveNetworks, the digital and technology unit of CJ Group, is branching into the travel industry with a new global membership service that enables foreign visitors in Korea to earn rewards and redeem points at participating merchants, leveraging the country's tourism boom to drive new growth. The company said Thursday that its lifestyle membership platform, CJ ONE, had introduced CJ ONE Global, allowing international visitors to sign up using only email verification, without requiring a Korean phone number or domestic identification. The launch comes as interest in Korean food, shopping and culture spreads alongside the global popularity of Korean entertainment. According to the Korea Tourism Organization, about 12.8 million foreign tourists visited Korea from January through July, up 21.3 percent from the same period last year. Once registered, members receive a mobile barcode through the CJ ONE app that they can use to earn and redeem points at participating stores, as well as access new-member and birthday benefits. The service connects visitors with businesses spanning tourism, re

Korean data center chipmaker FADU has unveiled what it calls the world’s first file-semantic solid-state drive (SSD), a storage technology designed to help artificial intelligence (AI) systems access data faster while reducing computing overhead and power consumption. The company introduced its file-semantic SSD, or FS-SSD, at the 2026 Open Compute Project Global Summit in San Jose, California, which ran from Monday to Thursday under the theme “Scaling Innovation for the AI Era.” Unlike conventional SSDs, which manage data through block addresses, FADU’s FS-SSD is designed to recognize and manage files directly, shifting tasks traditionally handled by a server’s central processing unit and operating system into the storage device itself. The technology uses FADU’s sixth-generation SSD controller, equipped with firmware that handles file searches, access permissions and file-to-address translation within the drive. By embedding file requests in standard Non-Volatile Memory Express commands, the system allows accelerators such as graphics processing units and data processing un