FKI celebrates 250th anniversary of US founding

The Korea Times - Sep 17, 2026

The alliance between Korea and the United States is expanding beyond its traditional security role, as the two countries deepen cooperation in trade, technology and other strategic industries, senior political and business leaders said at a gathering in Seoul on Thursday to mark the 250th anniversary of the founding of the U.S. The Federation of Korean Industries (FKI) hosted the commemorative dinner in Seoul, bringing together about 180 officials from the political, business and military communities from both countries. Prime Minister Han Seong-sook, U.S. Ambassador to Korea Michelle Steel and U.S. Forces Korea (USFK) Commander Gen. Xavier Brunson attended the event, along with former U.S. Secretary of State Condoleezza Rice. Among Korean business leaders were Lotte Group Chairman Shin Dong-bin, Hanjin Group Chairman Cho Won-tae, LS Group Chairman Koo Ja-eun and Korea Zinc Chairman Choi Yun-beom. Ranking executives from Samsung, SK, Hyundai Motor and LG also attended the event. The gathering highlighted the military foundation of the bilateral relationship. Six veterans of the 1950-53 K

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Samsung’s breakthrough OLED display makes its first appearance on an iQOO phone

Sep 17, 2026

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This new phone display breakthrough raises the bar on resolution and refresh rates to a new gold standard.

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Sep 16, 2026

POSCO workers stage 2nd partial strike over wage demands

Unionized workers at South Korean steelmaker POSCO began a second partial strike Wednesday after failing to narrow differences with management in wage negotiations. The 120-hour walkout began at 7 a.m. at POSCO's steel plants in Pohang and Gwangyang in southern South Korea, the union said. "We will call off the strike before the end of the five-day walkout if the company comes up with an acceptable proposal," union spokesperson Yi Jae-hyuk said by phone. POSCO has about 17,000 employees, including around 10,100 union members. The strike follows a 48-hour walkout that began at 7 a.m. last Wednesday and involved 120 workers, marking the first strike by POSCO workers since the company was founded in 1968. The union said the second strike would cause inevitable disruptions as about twice as many workers are participating compared with the first strike. POSCO said, however, that there would be no major disruption to plant operations, with about 60 workers each from its Pohang and Gwangyang plants expected to join the strike. The union has demanded a 7.1 percent increase in base pay, a performanc

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Sep 16, 2026

SK hynix unions agree to receive half of bonuses in cash, half in shares

SK hynix’s production workers’ unions on Wednesday approved a revised tentative agreement reached between their representatives and management, under which employees will receive half of their performance bonuses in cash and the other half in company shares, concluding this year’s wage and collective bargaining negotiations without a labor dispute. According to SK hynix, the two production workers’ unions at the company approved the tentative agreement with a 57.08 percent vote in support. More than 15,000 of the unions’ 16,000 eligible members took part in the vote. The two unions respectively represent production workers at the company’s Icheon plant in Gyeonggi Province and Cheongju plant in North Chungcheong Province. A key feature of the agreement is that half of the performance bonuses, known as excess profit-sharing, will be paid in cash, while the other half will be paid in the form of treasury shares. The revised agreement replaces an earlier tentative deal that called for 60 percent of the bonuses to be paid in treasury shares and the remainder in cash, which the t

[PHOTO] S-Oil shares 'songpyeon' with families in need

Sep 16, 2026

[PHOTO] S-Oil shares 'songpyeon' with families in need

S-Oil CEO Anwar Al-Hejazi, second from left, prepares “songpyeon,” traditional Korean rice cakes, during an event at the oil refiner’s headquarters in Seoul, Wednesday, with company employees, children from nearby day care centers and Saudi Arabian students. The participants also delivered 50 million won ($36,000) worth of songpyeon and Chuseok gifts to low-income families living near the headquarters. Courtesy of S-Oil

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Sep 16, 2026

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Sep 16, 2026

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LG, Hyundai distance themselves from workers' legal actions over Georgia raid

Sep 16, 2026

LG, Hyundai distance themselves from workers' legal actions over Georgia raid

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Sep 16, 2026

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Sep 16, 2026

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Sep 16, 2026

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Sep 16, 2026

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Sep 16, 2026

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Sep 16, 2026

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Sep 16, 2026

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Sep 16, 2026

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SK Telecom, F5 sign partnership on AI cloud security

Sep 16, 2026

SK Telecom, F5 sign partnership on AI cloud security

SK Telecom said it signed a partnership with global security company F5 to expand cooperation on artificial intelligence (AI) cloud security, aimed at strengthening the carrier's ability to defend against web and API attacks as well as distributed denial-of-service (DDoS) and bot attacks. Under the deal, SK Telecom will act as both a value-added reseller, which resells F5 products with added services or technology, and a managed service provider, which uses F5 products to deliver managed IT services to customers — making it F5's first domestic managed service partner for its software-as-a-service security platform. F5, headquartered in Seattle, is a global leader in multicloud application and API security, providing solutions to more than 90 percent of Fortune 500 companies. Its software-as-a-service-based security platform, F5 Distributed Cloud, helps companies protect applications and APIs across multicloud environments as part of their digital transformation. SK Telecom said the partnership responds to the rapidly growing AI market and tightening security regulations. The market fo

KHNP wins EPRI Technology Transfer Award for wind power technology

Sep 16, 2026

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SC Bank Korea offers up to 4% premium on Hi Account in new customer push

Sep 16, 2026

SC Bank Korea offers up to 4% premium on Hi Account in new customer push

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Abu Dhabi delegation visits Korea to expand economic, investment ties

Sep 16, 2026

Abu Dhabi delegation visits Korea to expand economic, investment ties

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Korea cannot afford to slow down AI development: science minister

Sep 16, 2026

Korea cannot afford to slow down AI development: science minister

Korea "cannot afford" to slow down its artificial intelligence (AI) progress, the country's science minister said Wednesday, but noted the emphasis should be put on responsible development rather than the speed of advancement itself. "It is an entirely different matter for a country already ahead to adjust its pace, than for a nation that is catching up while simultaneously having to create new markets to slow down," Science Minister Bae Kyung-hoon wrote in a social media post. "We cannot afford to slow down the pace of AI development," he stressed. The minister said the gap between countries that have secured AI frontier models approaching the level of human intelligence and those who have not could eventually extend beyond merely a technological gap and into other areas, such as the country's industrial competitiveness, national security and even its future growth. But Bae expressed a cautionary approach to unconditional acceleration, stressing efforts to ensure safety and trust should also come in tandem with the pace of technological development. The science minister's comments come a

China’s AI chip stocks face crucial test as MetaX lock-up period expires

Sep 16, 2026

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Sep 16, 2026

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Kimi creator Moonshot draws global funds seeking ‘top-tier’ Chinese AI developers: sources

Sep 16, 2026

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Meta unveils more Meta One subscription plans, targeting creators and businesses

Sep 16, 2026

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Blizzard’s new StarCraft is a shooter game and won’t arrive until 2030

Sep 16, 2026

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Razer’s new Sensa-enabled Kraken V4 X puts haptics in a headset for below S$200

Sep 16, 2026

Razer’s new Sensa-enabled Kraken V4 X puts haptics in a headset for below S$200

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Everything you need to know before Amazon Prime Big Deal Days returns from 6 to 8 October 2026!

Sep 16, 2026

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OPPO confirms global launch of Find X10 Pro Max

Sep 16, 2026

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Gigabyte showcases its compact AI TOP ATOM desktop at Tech in Asia Conference

Sep 16, 2026

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Sep 15, 2026

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OpenAI chief executive Sam Altman backed an AI slowdown on Saturday. Now he says the public should be able to put their faith in AI firms to act responsibly without strings attached.

Sega and Netflix announce slate of new adaptations spanning Crazy Taxi, Sonic and Yakuza

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Will Delta stick to old friend, keep Korean carrier in Cho family's hand?

Sep 15, 2026

Will Delta stick to old friend, keep Korean carrier in Cho family's hand?

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[COVER STORY] Hoban's insatiable appetite: Group founder targets Korean Air

Sep 15, 2026

[COVER STORY] Hoban's insatiable appetite: Group founder targets Korean Air

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Hyundai plays catch-up as Tesla strengthens grip on Korea's EV market

Sep 15, 2026

Hyundai plays catch-up as Tesla strengthens grip on Korea's EV market

Hyundai Motor’s autonomous driving road map is putting its ability to keep pace with Tesla under scrutiny, as the U.S. automaker rapidly gains stronger ground in Korea’s electric vehicle (EV) market. Last week, Hyundai Motor Group’s self-driving arm — 42dot — said it will introduce cars with Level 2+ autonomous driving technology based on Nvidia’s platform in the first half of 2028, followed by Level 2++ technology later that year. Vehicles equipped with the carmaker’s proprietary Atria artificial intelligence (AI) system will also be mass-produced in the second half of 2029, according to 42dot. Under the road map, the automaker seeks to close the gap with Tesla and other overseas autonomous driving leaders. But the timeline for Hyundai Motor's self-driving commercialization still leaves much to be desired, as Tesla has already turned into a consumer-facing product. Tesla’s Full Self-Driving (FSD) Supervised system is already available in Korea in limited form, although regulatory approval for its broader domestic operation remains a key hurdle. Tesla has also been expand

Hyosung Heavy Industries secures $277 mil. in US Big Tech orders amid AI data center boom

Sep 15, 2026

Hyosung Heavy Industries secures $277 mil. in US Big Tech orders amid AI data center boom

Hyosung Heavy Industries has secured 386.5 billion won ($277 million) worth of ultra-high-voltage transformer orders from two major U.S. Big Tech companies this month, strengthening its position as a key power infrastructure supplier amid the rapid expansion of artificial intelligence (AI) data centers. The company said Tuesday that the transformers will be installed at newly built AI data centers in the northern and southern United States. The orders include 220 billion won worth of 765-kilovolt transformers and 166.5 billion won worth of 345-kilovolt transformers. The equipment will supply electricity to power-intensive data center facilities. The latest deals reflect Hyosung Chairman Cho Hyun-joon’s yearslong efforts to establish a local production and solutions network in the U.S. Cho has described the surge in demand for power infrastructure as a “once-in-60-years supercycle” driven by AI. He has set a goal of making Hyosung Heavy Industries one of the world’s top three power equipment companies within five years by offering a broad portfolio ranging from transformers and ci

SK chief Chey appeals prosecution's decision not to indict ex-wife's lawyer

Sep 15, 2026

SK chief Chey appeals prosecution's decision not to indict ex-wife's lawyer

SK Group Chairman Chey Tae-won on Tuesday appealed the prosecution's decision not to indict a lawyer representing his former wife over claims that Chey spent more than 100 billion won ($74.2 million) on his live-in partner. Chey had filed a complaint against his former wife Roh Soh-yeong's lawyer, whose identity was withheld, accusing him of defamation for allegedly spreading false information about Kim Hee-young, the SK chairman's partner, during their divorce lawsuit in November 2023. Chey's legal representatives issued a statement following the prosecution's decision not to indict the lawyer last week, saying the amount claimed had been inflated by more than 50-fold because it included money paid to Roh and charitable donations. The statement said the total amount Chey and Kim spent on living expenses was approximately 2 billion won at the time the claim was made, which was verified through an examination of financial transaction records and fully explained to a court handling the property division between Chey and Roh. The 100 billion won figure cited by Roh's lawyer included not onl

Samsung, Verizon complete key technology trial for 6G networks

Sep 15, 2026

Samsung, Verizon complete key technology trial for 6G networks

Samsung Electronics said Tuesday that it has successfully completed a key technology trial for commercializing sixth-generation (6G) networks with U.S. mobile carrier Verizon Communications Inc. The two companies successfully completed an artificial intelligence (AI)-powered Integrated Sensing and Communication (ISAC) trial at a major international soccer fan event in Texas, enabling real-time sensing-driven intelligence across a virtualized network, the Korean tech giant said. The milestone marks one of the industry's first practical implementations of a key 6G technology, demonstrating how operators can leverage software-driven network architectures to create infrastructure that actively perceives, understands and responds to its surroundings. For the ISAC trial, Samsung integrated commercial AI-powered virtualized radio access network (vRAN) and virtualized core network (vCore) technologies with an ISAC application. This enabled the ISAC trial to leverage connectivity from a 5G network without requiring additional equipment. "This successful ISAC trial underscores how Verizon's decisio

Korea Exchange after-market draws heavy retail trading, sharp volatility

Sep 15, 2026

Korea Exchange after-market draws heavy retail trading, sharp volatility

Kim Ji-ho stared at his stock trading app in confusion on Monday evening. He knew that the after-hours market was opening and noticed that a stock he was interested in had risen 10 percent. But by the time he returned from the bathroom, all the gains had disappeared. "It was a little scary, so I don't think I'll be trading in the after-hours market for a while," said Kim, a 25-year-old college student. For investors who eagerly jumped in, the experience was not entirely satisfying either. Some brokerages experienced technical glitches, while some investors said the new system was confusing because they could not easily distinguish regular-session closing prices from prices in the after-hours session. Others said the separate Korea Exchange (KRX) and Nextrade after-hours markets made trading more cumbersome and confusing, as investors had to choose between two different order screens. The KRX extended stock trading hours Monday, allowing almost all listed stocks to be traded between 4 p.m. and 8 p.m. Until now, Nextrade, an alternative trading system, had been the only option for after-hou

Korea cuts space-risk planning cycle from 10 years to 5

Sep 15, 2026

Korea cuts space-risk planning cycle from 10 years to 5

Korea is shortening its timetable for preparing for threats in orbit, moving to a five-year cycle for its national space-risk plan as satellites multiply and solar activity creates new uncertainties. The Korea AeroSpace Administration said Tuesday that an amendment to the Space Development Promotion Act was promulgated and took effect the same day, cutting the planning cycle from 10 years to five. The change is intended to give the government more flexibility as private sector space development accelerates, satellite launches increase and the risk of collisions involving orbital debris grows. The previous law required the government to establish its basic plan for preparing against space risks every 10 years. The Korea AeroSpace Administration said the rapid increase in low-Earth-orbit satellites and fluctuations in space weather linked to solar activity have underscored the need for more frequent policy reviews. Under the revised law, the five-year cycle will also apply to plans adopted before the amendment took effect. That means the second Basic Plan for Space Risk Preparedness, adopted

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