Most Popular
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Samsung-Apple rivalry renewed as first AI iPhone debuts
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[Pressure points] Workplace communication: To emoji or not to emoji?
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Korean teachers handling larger classes, but starting pay lags behind OECD average
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[Grace Kao] American redemption vs. Korean punishment for BTS’ Suga
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Harris and Trump spar over Kim Jong-un, alliances
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BTS' Suga summarily indicted over DUI offense
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Unseasonably hot weather continues; Seoul hit by latest tropical night on record
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K-pop music awards: Who truly benefits?
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Syphilis cases in S. Korea surge amid stricter reporting rules
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Warm temperatures to continue into Chuseok holiday
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S. Korea, Britain seek closer cooperation in 5G, AI
South Korea and Britain have agreed to bolster bilateral cooperation in artificial intelligence and 5G on the sidelines of a tech forum, Seoul's ICT ministry said Tuesday. Lee Tai-hee, South Korea's deputy minister for planning and coordination at the science and ICT ministry, held talks with Chris Philp, parliamentary under secretary of state at the Department for Digital, Culture, Media and Sport, in London on Monday (local time) as he visited the Future Tech Forum. During their meeting, Lee
Nov. 30, 2021
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Kakao marks 10th anniversary of emoticon biz
KakaoTalk, South Korea’s top mobile messenger, celebrated the 10th anniversary of its emoticon service, highlighting the jobs it has created for freelancers. KakaoTalk emoticons that can be purchased and used in the mobile messenger have raised 700 billion won ($586 million) in sales revenue since their launch in 2011, according to the company. More than 300,000 emoticon sets have been sold, and 220 billion emoticons have been sent among users. Five emoticon sets have each collected mo
Nov. 29, 2021
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Samsung to nurture young executives to usher in ‘New Samsung’ era
Samsung Electronics is poised to employ a new personnel management system starting in 2022 that could foster young executives, in a move to lay the groundwork for a “New Samsung” era under Samsung’s de facto leader Lee Jae-yong, the South Korean tech giant said Monday. Under the new system, Samsung will abolish a set of requirements before an employee gets promoted to a certain level, such as a minimum term of service that lasts roughly eight to 10 years. Instead, excellent em
Nov. 29, 2021
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LG Energy Solution lays out new funding plan for Michigan plant
LG Energy Solution, the batteries unit of LG Group, has laid out a new $1.36 billion funding plan to drastically ramp up the capacity of its plant in the US state of Michigan in the next three years. In a regulatory filing Friday, parent company LG Chem said LG Energy Solution's Michigan arm will raise $681 million in fresh capital without rights to add new production facilities to the Michigan plant, while securing the remaining $681 million from local borrowing. The new funding aims t
Nov. 28, 2021
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Samsung ranks No. 1 in US high-end projector market
Samsung Electronics said Sunday that it ranked No. 1 in the premium home cinema projector market in the United States, a year after the electronics giant entered the market with its flagship The Premiere lineup. Samsung Electronics’ high-end projectors priced at $3,000 or more accounted for 27.8 percent of the US market by sales from January to October, the company said, citing an estimate from US market intelligence firm NPD Group. In particular, Samsung’s focus on ultrashort th
Nov. 28, 2021
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Fast-growing metaverse creates legal risks: law firm
The metaverse, a kind of virtual community that lets users interact in real-time, carries potential legal risks, and requires regulations to ensure platform operators protect their users from digital crimes, experts said Friday. “Since metaverse embodies the virtual world as almost exactly the same as the real world, there are concerns on severe privacy violations. It is highly possible that data on the users’ whereabouts, medical information and political affiliations could be lea
Nov. 26, 2021
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Kakao Brain to give Korean-language AI an upgrade
Kakao Brain, an AI technology research and development subsidiary of Kakao, said Thursday it will upgrade its Korean-language AI model to go full swing in promoting the development of local AI industry. According to the AI company, it plans to enhance the deep learning process of KoGPT, Kako Brain’s Korean- language AI model, and make it 100 times more efficient by using Google Cloud’s supercomputer, Google Tensor Processing Unit. Google TPU is a large-scale computing system that
Nov. 25, 2021
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Lee Jae-yong’s ‘New Samsung’ vision taking shape
Samsung Electronics Vice Chairman Lee Jae-yong has returned home after a packed North American trip, with his vision for the “New Samsung” taking shape and putting a renewed emphasis on chip business. During his 10-day visit to the US and Canada, Lee held a series of meetings with prospective clients, partners and political leaders and finalized the tech giant’s $17 billion US fab investment. Upon his arrival in Seoul on Wednesday afternoon, the tycoon said the responsibili
Nov. 24, 2021
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Naver lays out new future with metaverse, AI
South Korean internet giant Naver on Wednesday unveiled its latest technology to expand its business in the metaverse, the fast-emerging platform connecting virtual communities. “We will soon launch Arcverse, a metaverse ecosystem, that connects the virtual world and real world. In Arcverse, users will be able to use the data and services from both worlds at the same time,” said Seok Sang-ok, CEO of Naver Labs, during Deview 2021, Naver’s 14th developer conference. For insta
Nov. 24, 2021
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Samsung says new Texas chip plant to open new chapter
A $17 billion investment to build Samsung Electronics’ second fabrication plant in the US will open a “new chapter” and contribute to stabilizing the global chip supply chain, the South Korean tech giant said Wednesday as it made an official announcement of the plan. The new foundry will enable production of chips equipped with cutting-edge technologies suitable for fifth-generation networks, high-performance computing and artificial intelligence, Samsung said. &ldqu
Nov. 24, 2021
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Samsung looks to add 2nd US foundry chip plant in Texas
South Korean tech giant Samsung Electronics is looking to add a second site for its foundry semiconductor chip manufacturing plant in Texas, according to reports Tuesday. Texas Gov. Greg Abbott is scheduled to make an “economic announcement” concerning Samsung Electronics’ plan to build a new chip plant in Williamson County, near the city of Taylor, Texas, which will involve $17 billion of capital expenditure, Wall Street Journal reported. A Samsung Electronics spokesperson s
Nov. 23, 2021
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Chip shares surge on recovery signs of memory chip, metaverse wave
Shares of South Korean semiconductor firms rose sharply Monday over market prospects on recovery of memory chip price on intensifying global race to adopt metaverse technology. Memory chips are a critical component in the metaverse, in which users interact with each other in digital worlds, which could offset the bearish forecast for memory chip prices. Samsung Electronics -- the tech giant with interests in semiconductors, electronic devices and handsets -- surged 5.2 percent Monday. Another
Nov. 22, 2021
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S. Korea breaks ground for AI complex in Gwangju
South Korea broke ground Monday for an artificial intelligence complex in the southwestern city of Gwangju to foster the related industry, the science ministry said. The groundbreaking ceremony was held in Gwangju, 330 kilometers south of Seoul, for a major construction project to create an AI complex center, including data centers and facilities in automobiles and energy sectors. A total of 393.9 billion won ($332 million) will be spent from 2020 to 2024 for the project, according to the mini
Nov. 22, 2021
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Philips Foundation donates vehicles for disabled in Korea
Philips Foundation and Philips Korea have provided four special compact cars equipped with wheelchair lifts in collaboration with the Korea Association of Welfare Institutions for Persons with Disabilities, the multinational group said Friday. Philips Korea held a donation ceremony at Kyonam House of Hope, a welfare facility for the disabled located in Gangseo district, Seoul, on Nov. 12. Kim Dong-hee, country leader of Philips Korea and Jung Seok-wang, chairman of the Korea Association of W
Nov. 19, 2021
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[Photo News] Samsung meets Moderna
Samsung Electronics Vice Chairman Lee Jae-yong poses with Noubar Afeyan, co-founder of Moderna, at the headquarters of Flagship Pioneering, a biopharmaceutical investment firm invested by Afeyan in Cambridge, Massachusetts, Tuesday. Lee discussed cooperation measures for the COVID-19 vaccine with the Moderna co-founder, as Samsung Biologics is currently bottling Moderna’s vaccine at its plant in Songdo, Incheon, Samsung said.
Nov. 18, 2021
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Hanwha Solutions invests $160m in US low-carbon polysilicon firm
Hanwha Solutions said Thursday that the company has invested $160 million in securing low-carbon photovoltaic materials amid a growing demand for renewable energy in the United States. The energy affiliate of South Korean conglomerate Hanwha Group said it agreed to purchase a 16.67 percent stake in REC Silicon for $160 million. The investment will make the Hanwha company a co-leading shareholder of the polysilicon manufacturer along with Aker Horizons, a Norway-headquartered investment fir
Nov. 18, 2021
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SK Bioscience-AstraZeneca deal to expire by the end of this year
SK Bioscience’s contract manufacturing deal to produce AstraZeneca’s COVID-19 vaccine will expire by the end of this year, according to the company Thursday. The deal greatly helped South Korea secure shots in its early vaccination stage, but as the government has decided to phase out the use of the AstraZeneca vaccine, there is no need for the firm to continue producing it, the firm said. As for international supplies, however, the firm remains in talks with AstraZeneca, the fir
Nov. 18, 2021
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[Newsmaker] Netflix hikes subscription fees by 17 percent in Korea
Streaming giant Netflix announced on Thursday a subscription fee increase of up to 17 percent, its first hike since launching the service in South Korea in 2016. The streaming platform’s standard plan will cost 13,500 won ($11.45) a month, up 12.5 percent from the previous 12,000 won, and the premium plan will go up 17.24 percent to 17,000 won from 14,500 won. The basic plan will remain unchanged at 9,500 won. Local users will be notified of the price changes 30 days before their renewa
Nov. 18, 2021
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Apple releases updated iOS to fix call drop issue
Apple released an update to its mobile operating system Thursday to fix dropped calls on iPhone devices, including the iPhone 12 and 13. The release of the iOS 15.1.1, an updated version of the iOS 15.1, fixes the call drop performance issue on the iPhone 12 and iPhone 13 as well as the usual bug fixes, U.S. online website Apple Insider said. iPhone 12 and iPhone 13 users have recently experienced consistent dropped calls on their devices, preventing them from receiving incoming calls. Apple
Nov. 18, 2021
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DataStreams wins tech award
DataStreams said Wednesday its CEO won a bronze tower order of industrial service merit from the government for the company’s technological prowess in big data solutions. Founded 20 years ago, DataStreams is a leader of the local big data solution market and is taking steps to get listed in Kosdaq. In addition to the order of merit won by CEO Lee Young-sang, the company’s big data platform named TeraONE won a tech award from the minister of trade, industry and energy. By Kim So-hy
Nov. 17, 2021