Coex to host smart factory trade show in Vietnam next month

The inaugural Automation World Vietnam, a trade show dedicated to smart factory solutions and automation, will be held in Binh Duong Province, north of Vietnam's Ho Chi Minh City, from Sept. 25 to 27, event host Coex said Wednesday. The upcoming event will be the first Automation World expo held outside Korea. AW, hosted by Coex, which operates a convention center under the same name in Seoul, is one of the largest gatherings of the smart factory industry. The Seoul event in March this year

Aug. 21, 2024

[Photo News] Display of the year

LG Display's Meta Technology 2.0, the company's third-generation OLED technology, has been named the "Korea Display of the Year" at this year's International Meeting on Information Display symposium that kicked off its three-day run on Wednesday in Jejudo. The Meta Technology 2.0 enhances the peak brightness of OLED displays by 40 percent to the industry's brightest 3,000 units. (LG Display)

Aug. 21, 2024

Samsung tops global TV sales, closely chased by Chinese rivals

While Samsung Electronics maintained its No. 1 position as a TV-maker in the first half of this year, Chinese rivals seem to be ramping up their game to close the gap. Market tracker Counterpoint Research said Monday that global TV shipments grew in the April-June period for the first time in four quarters, fueled by an Olympics spending spree. It reached 56 million units in the second quarter this year, up 3 percent on-year. Samsung took the largest share of 15 percent of total shipments, but i

Aug. 19, 2024

SK hynix sales more than double in China, US in H1

SK hynix witnessed its sales in China and the US more than double to contribute to an overall growth in revenue in the first half of this year, according to the company’s half-year report Sunday. The world’s second-largest memory chip maker said it logged a total of 28.8 trillion won ($21.26 billion) in sales in the January-June period this year, marking a significant recovery from the 12.3 trillion won the company achieved in the same time last year. In this year's record, 55.4

Aug. 18, 2024

Rebellions, Sapeon Korea merge to challenge Nvidia

Artificial intelligence startup Rebellions and Sapeon Korea officially signed a merger, signaling the birth of the country's first AI unicorn, SK Telecom, Sapeon Korea’s parent company, said Sunday. Rebellions, a fabless chip designer valued at 900 billion won ($664 million), and Sapeon Korea, the AI chip supplier for data centers valued at 550 billion won, have joined hands to carve out a spot in the global AI chip market that is currently dominated by US-based graphic processing uni

Aug. 18, 2024

Chipmakers cut executive pay on lukewarm sales

Top executives of South Korean conglomerates witnessed ups and downs in their paychecks in the first half of the year, with the semiconductors industry suffering the most drastic cuts due to lukewarm earnings, according to their half-year salary reports Wednesday. Samsung Electronics and SK hynix, the nation’s top two chipmakers, are considered among the highest-paying companies here. But their top executives suffered 20 to 30 percent cuts in their compensation amid a global downturn in ch

Aug. 15, 2024

[Photo News] AI boost for Samsung sales

Samsung Electronics said Thursday its artificial intelligence-powered home appliances hit 1.5 million unit sales in the January-July period this year. The Bespoke AI Combo washer-dryer and the Bespoke AI Steam robot cleaner were the two top sellers driving up overall sales. (Samsung Electronics)

Aug. 15, 2024

[Photo News] OLED lights up Vietnam

Media art walls, featuring LG Electronics' latest OLED TVs, are displayed at a shopping center in Vietnam on Wednesday. The media art, themed on intelligence and freedom, is a creation by prominent Vietnamese artist group Fustic Studio. The exhibition comes as part of the Korean tech giant's premium marketing push in Southeast Asia. (LG Electronics)

Aug. 15, 2024

Samsung, LG unveil new OLED tech to widen gap with Chinese runner-ups

The nation's top two display-makers, Samsung Display and LG Display, unveiled Wednesday their latest cutting-edge organic light-emitting diode display technologies involving artificial intelligence and new form factors, in an apparent move to widen the gap with their Chinese runner-ups. At the K-Display Industry trade show taking place in Seoul this week, Korea Display Industry Association Chairman Choi Joo-sun underscored how Korean display-makers will keep ahead of Chinese rivals in the c

Aug. 14, 2024

[Photo News] Home repairing for patriots

Daewoo Construction & Engineering employees join a house repair project for descendants of the nation’s independence fighters in Cheonan, South Chungcheong Province, Tuesday. In partnership with Korea Habitat, the builder has completed a total of 21 housing projects since 2021. (Daewoo E&C)

Aug. 14, 2024

Unionized workers at Samsung Electronics to launch 4-day strike

Samsung Electronics' labor union said Tuesday it will launch a four-day strike from Liberation Day this week, stepping up pressure over their demand for a pay raise and additional bonuses. The National Samsung Electronics Union, the largest labor union of the South Korean tech giant, announced its plan to stage the strike on Aug. 15-18, instructing its striking members to refuse to work on Liberation Day on Thursday and to work in shifts until Sunday. The union and management have held seve

Aug. 13, 2024

Chipmakers keen on enhancing power efficiency of AI chips

The latest boom in artificial intelligence is prompting competition among the world's top three memory-chip-makers to debut more power-efficient DRAM chips with higher capacity to power high-performance computing for AI applications. Chipmakers are focusing especially on the seventh-generation Low Power Double Data Rate 5X chip to be used not just in mobile devices, but also in the automotive industry. "As AI applications are diversifying, the demand for memory products consuming low p

Aug. 13, 2024

Telecom carriers rush to launch call recording features for iPhones

South Korean mobile carriers are rushing to launch call-recording services for iPhone users, possibly taking a cue from the market leader SK Telecom’s success with its A. service. According to industry sources on Monday, LG Uplus, the country's smallest telecom company by market share, is planning to launch a call-recording service, dubbed, “ixi O,” in the second half of the year. The service would become the second of its kind after SK Telecom’s A. service, which de

Aug. 12, 2024

Samsung, LG to challenge Chinese rivals with 'all-in-one' robot vacuums

Samsung Electronics and LG Electronics are stepping up efforts to carve out a share of the burgeoning robot vacuum market, which has been dominated by China's Roborock, with new machines designed to remove the pain points of existing products. This week, LG Electronics is rolling out its first all-in-one robot vacuum and mop machine in 21 years, since the company introduced its first such device in 2003. Samsung Electronics has also released a robot vacuum and mop combo machine adopting adv

Aug. 12, 2024

[Business Diplomacy] SK’s US control tower revamped to boost negotiating power

Endless guesses are made over who will win the race to the White House between former US President Donald Trump and current Vice President Kamala Harris, but both look likely to bolster the country's protectionist measures to boost the US' domestic industry. Against this backdrop, South Korea's second-largest conglomerate SK Group is beefing up its US offices to elevate negotiating power in the all-important market, where it has been spending heavily to secure a firmer footing for

Aug. 11, 2024

Naver's operating profit surges 27% in Q2

South Korean internet giant Naver on Friday reported record-high quarterly revenue of 2.6 trillion won ($1.91 billion) for the April-June period this year, thanks to profit increases in all of its major businesses including the search platform and cloud service. During an earnings call, Naver Chief Executive Officer Choi Soo-yeon said the company will enhance the user experience by launching a “search feed” feature and adopting AI tools in the second half of the year. Choi also said

Aug. 9, 2024

LG Innotek eyes digital twin tech for better efficiency

LG Innotek announced Thursday that it will expand the integration of digital twin technology throughout its operations in partnership with Ansys, a US engineering simulation software developer. Digital twin technology recreates physical objects in a virtual space to simulate real-world scenarios using computer models, thereby predicting outcomes and cutting manufacturing time and costs. Ansys is renowned for its technological prowess and experience in simulation using 3D modeling, AI and machine

Aug. 8, 2024

Samsung’s HBM3E chip still under review by Nvidia

Samsung Electronics on Wednesday denied a Reuters report that its fifth-generation HBM3E chip has passed Nvidia's qualification test for use, saying it is "still running tests with major clients." The news outlet reported earlier in the day that Samsung has cleared Nvidia’s qualification test for its HBM3E, the fifth-generation high bandwidth memory chip, creating a buzz that the world's No. 1 memory chipmaker may be starting supplying the chip to the US chip giant soon

Aug. 7, 2024

LG debuts Korea’s first open-source AI model

LG Group’s artificial intelligence think tank, LG AI Research, on Wednesday unveiled the third generation of its hyperscale AI multimodal Exaone, providing better performance and cost-efficiency than its predecessors in processing massive amounts of data. To contribute to the development of the AI ecosystem, LG AI Research said it has decided to release the lightweight model of Exaone 3.0 as Korea's first open-source AI model for various research purposes. Exaone 3.0 is the second u

Aug. 7, 2024

SK hynix wins up to $450m of US grants for advanced chips facility

South Korean chip giant SK hynix Inc. said Tuesday it is set to receive up to $450 million in grants from the US government for its investment to build a production base for advanced semiconductor packaging in Indiana. In April, the company announced a plan to invest $3.87 billion to build a memory packaging plant for artificial intelligence (AI) products and an advanced packaging research and development (R&D) facility in West Lafayette of the U.S. state to produce next-generation memory ch

Aug. 6, 2024