Telecom Companies Compete in AI Data Center Market
KT has announced plans to unveil its hyper-scale artificial intelligence data center (AIDC) business by the end of the year, completing a competitive landscape among the three major telecom companies. Each company has adopted a different business structure.On August 11, SKT revealed it established a separate entity, 'SK Hyper,' dedicated to AIDC development, with plans to invest 750 billion won by 2030. LG Uplus has opted for a direct operation model under the 'One LG Solution' approach without
NCSOFT's Mobile Casual Game Revenue Reaches 169.7 Billion Won, Emerging as a New Growth Driver
NCSOFT is positioning its mobile casual games as a new growth engine. Building on the growth of the global mobile game platform JustPlay, the company aims to enhance its business operations starting in the second half of the year, with plans to make significant advancements in scale and competitiveness by next year.During a conference call on August 11, Chief Financial Officer Hong Won-jun stated, "The mobile casual business showed significant growth in the second quarter, accounting for over 20
KT Plans to Launch AI Data Center Initiative This Year
KT is set to announce its plans for a hyper scale artificial intelligence data center (AIDC) within this year. Instead of establishing a separate corporation, the company is considering operating the AIDC division directly under its headquarters.According to the IT industry on August 11, KT plans to unveil its 1-gigawatt (GW) AIDC business plan this year. Unlike competitors that have opted to create separate entities or have their group companies manage AIDC operations, KT intends to separate on
POSCO Faces Potential Strike as Labor Relations Strain
POSCO may face its first full-scale strike since its founding in 1968, raising concerns about the disruption of its long-standing tradition of no strikes. The union recorded a high approval rate of 92.17% in a vote on potential strike action last month. With the Central Labor Relations Commission recommending an extension of the mediation period, there remains time for dialogue until the final mediation meeting on the 18th. This week's scheduled negotiations between labor and management are seen
Seragem Expands Senior Wellness Community 'Wells Club'
Seragem announced on August 11 that it is expanding its community space, 'Wells Club,' for senior customers.Currently, Seragem operates over 110 'Well Lounges' across the country, designed as experiential stores. The wellness program allows participants to easily and comfortably experience and learn about Seragem products. Through reasonably priced wellness passes, members can utilize two of the seven care products three times a week, ensuring balanced health management.The Wells Club is a welln
Iljin Electric Reports 91% Increase in Q2 Operating Profit
Iljin Electric announced on August 11 that it recorded sales of 637.4 billion won and an operating profit of 72 billion won for the second quarter of this year. Compared to the same period last year, sales increased by approximately 22%, while operating profit rose by about 91%.For the first half of the year, the company reported cumulative sales of 1.14 trillion won and an operating profit of 122.7 billion won, marking increases of approximately 16.6% and 71.3%, respectively, compared to the sa
Oh Se-hoon Highlights Housing Supply from Redevelopment and Reconstruction
Oh Se-hoon, the Mayor of Seoul, emphasized the need to revitalize redevelopment and reconstruction projects, highlighting their potential impact on housing supply. He criticized the previous administration's New Town exit strategy as a 'hostile policy' towards redevelopment and reconstruction.During a residents' meeting at the Cheongpa 2 redevelopment association office in Yongsan on August 11, Oh stated, "The Seogye and Cheongpa areas are home to several redevelopment zones and a combined town.
With 100 Days Until the College Entrance Exam, Students Must Navigate Early Admissions
As the 2027 College Scholastic Ability Test (CSAT) approaches in 100 days, students need to prepare not only for the exam but also for the early admissions strategy that is just a month away.The application period for early admissions will take place from September 7 to 11, with universities conducting the process for at least three days. Students can apply for a maximum of six early admission opportunities.However, there are important considerations after receiving early admission results. Thos
Special Prosecutor Charges Former KTV Head with Sedition
Lee Eun-woo, the former head of the Korea Policy Broadcasting Institute (KTV), has been indicted on charges of sedition related to the December 3 martial law declaration.The second comprehensive special prosecutor's team, led by Kwon Chang-young, announced on August 11 that Lee was indicted without detention under the criminal law for sedition.Lee is accused of using KTV's news specials and scrolling news programming to repeatedly disseminate information justifying the martial law and proclamati
Naver Pay Partners with Korea Electric Power Corporation for Bill Payments
Naver Pay (Npay) has partnered with Korea Electric Power Corporation (KEPCO) to introduce a service that allows users to handle their electricity bill from billing to payment all on mobile devices.On August 11, Npay announced that it has signed a memorandum of understanding (MOU) with KEPCO to digitize electricity bill billing and collection. The related services are set to be implemented gradually starting at the end of this year.Once the service is launched, users will be able to receive their