NFT tech expands realm of future art

With the rapid advancement of artificial intelligence technology, the role of NFT technology goes beyond protecting the copyrights of digital art collectibles, and into expanding the realm of art, with diverse implications for the future art world. Throughout the NFT 2023 Seoul Conference, held at Coex in southern Seoul on Friday, the future roles of NFT technology were illuminated. Dedicated to the theme, “the Utilization and Role of NFT Art in the Future Art,” the second part of th

Sept. 4, 2023

Experts explore NFT applications, STO market dynamics

The NFT 2023 Seoul Conference on Friday focused the connection between non-fungible tokens (NFTs) and Web3 infrastructure as well as the role of Security Token Offerings in fundraising. Patrick Yoon from cryptocurrency exchange company Crypto.com Korea opened the sessions by talking about the the growth trajectory Web3. He predicted a $50 trillion-$60 trillion Web3 valuation by 2030, with NFTs poised to claim 10 to 15 percent of the digital asset valuation by that time. "NFT creators have m

Sept. 4, 2023

Conference highlights unlimited potential of NFT

The NFT 2023 Seoul Conference, held Friday at Coex in southern Seoul, explored the future of non-fungible tokens, discussing how the decentralized technology would innovate diverse fields from blockchain to finance and art in the near future. The one-day event was organized by The Korea Herald, the nation’s largest English daily, together with ArtToken, a Seoul-based digital art platform, and Soongsil University. “Even at this moment, the world is evolving at a fast pace,” Kore

Sept. 4, 2023

Samsung will cement premium market leadership: TV chief

BERLIN -- While the global TV market struggles to move beyond the COVID-19 pandemic, Samsung Electronic said it will strengthen its leadership in making larger and more higher-end TVs, as the market for them shows a trend of continuous growth. "While the TV market has been stagnating for the past several years now, the market for larger and higher-end TVs continues to grow and Samsung is leading the market, outpacing its rivals by far," Chung Kang-il, executive vice president at Sams

Sept. 3, 2023

LG Electronics aims to go global with smart home solutions

BERLIN -- LG Electronics expressed ambitions to go global with its smart home solutions, including its built-in kitchen package and energy-efficient prefabricated housing technology at this year's IFA in Berlin, one of the world's largest consumer appliance trade shows. "We will integrate all our innovative home appliance and energy technologies and other upgradable appliances to offer a smart home solution," Lyu Jae-cheol, head of the Home Appliance & Air Solution Compan

Sept. 3, 2023

LG to widen gap with rivals with 'innovative ideas,' says TV chief

BERLIN -- LG Electronics will sharpen internal competence and come up with innovative ideas to widen the gap with Chinese rivals in addition to fostering technological prowess, the head of the tech giant's TV business said Saturday. "It is important to lead the market with new ideas (in the TV industry). You have to break away from the competition with panels, where anyone can make the same product as you when they have the display panel," Baek Sun-pil, head of TV products plann

Sept. 3, 2023

Samsung lays out vision for smarter, sustainable living at IFA

Samsung Electronics Co. on Thursday shared its vision and technological developments for what it sees as the future way of living: fully connected homes and an eco-friendly lifestyle. The South Korean tech giant highlighted its latest products and innovations, built for sustainable and smart living, at a press conference, one day ahead of the official opening of the IFA tech trade show in Berlin. Samsung, which has participated in the tech show since 1991, did not offer any exclusive product lau

Aug. 31, 2023

Samsung, LG to boast enhanced connectivity at IFA

At this year’s IFA, Europe’s biggest home appliances trade show, two of South Korea’s tech giants, Samsung Electronics and LG Electronics, are set to showcase their latest premium products that maximize energy efficiency As the IFA celebrates its 99th anniversary this year, about 2,290 companies in the fields of IT, consumer appliances and telecommunication will take part from 50 countries. The five-day event, which kicks off in Berlin on Friday, will see 174 Korean companies t

Aug. 31, 2023

Corning starts producing bendable glass in Korea

US tech company Corning Inc. Chairman Wendell Weeks announced Thursday that the company is building the world’s first fully integrated supply chain to manufacture next-generation bendable glass technology in South Korea. Manufacturing of the latest product has already kicked off at its Asan plant in South Chungcheong Province. “Our latest innovation will enable new mobile device form factors and advanced automotive displays for more immersive driving experiences, making this a hub fo

Aug. 31, 2023

[KH explains] Chipmakers reach out to undergraduates to tackle talent shortage

Chipmakers around the world are competing fiercely not just to roll out more advanced chips faster than their rivals, but also to secure more tech talent as governments race to build up their chip industry as national security assets. South Korea, home to the world’s top two memory chipmakers, Samsung Electronics and SK hynix, is no exception. Amid their big push for global expansion, the tech giants are struggling to meet staffing needs for their billion-dollar facilities at home and abro

Aug. 30, 2023

KT appoints new CEO after monthslong leadership vacuum

South Korean telecommunications giant KT Corp. on Wednesday appointed a new chief following several months without a CEO. The company said its shareholders approved the appointment of Kim Young-shub, the former CEO of IT service provider LG CNS, as its new head at a shareholders meeting earlier in the day in Seoul. The agenda passed with the approval of more than 60 percent of the total voting shares. Upon his appointment at the meeting, KT’s new CEO told shareholders, “We’ll d

Aug. 30, 2023

LIG Nex1 participates in Korea-Saudi Arabia drone show

South Korean defense firm LIG Nex1 announced Wednesday that it participated in a three-day drone show held in Saudi Arabia this week, at the invitation of the Naif Arab University of Security Sciences. The show was co-hosted by the Korean Ministry of Land, Infrastructure, and Transport and the Korean Embassy in Saudi Arabia, at NAUSS in Riyadh, the country's capital. NAUSS, formed by a pan-Arabic academic coalition of 20 countries including the UAE, Jordan, Qatar and Yemen, is an intergov

Aug. 30, 2023

[Graphic News] Samsung keeps top spot in Q1 memory chip market

Samsung Electronics retained its top spot in the global memory chip market in the first quarter despite lackluster earnings amid the chip glut, a report showed. SK hynix, on the other hand, was pushed back to third place from No. 2 compared to a year earlier, due largely to the output cut that came before Samsung, according to the market tracker Omdia. Samsung Electronics kept the largest share of 42.8 percent in the DRAM market, unchanged from the previous quarter. Samsung’s DRAM revenu

Aug. 30, 2023

Kakao Pay available in major retail locations in Thailand

Kakao Pay, the online payment subsidiary of Kakao Corp, announced Tuesday it has expanded to Thailand, making the service available at major payment points from department stores and pharmacies to a taxi-hailing platform. Central Retail, one of Thailand's largest retail corporations, now supports Kakao Pay at over 3,000 of its locations. These include department stores like Central World and Central Embassy, drugstores such as Kiyoshi Matsumoto and retail outlets like Muji and Tops Club. St

Aug. 29, 2023

SKT aims to set global standard for quantum-safe communication

SK Telecom, South Korea's largest wireless carrier by membership, on Tuesday unveiled an ambitious goal of setting the global standard for quantum-safe communication, a more advanced security technology that protects the whole communication process from attacks by quantum computers. The company said it plans to share the progress of its ongoing development project during the Seoul meeting of the UN-affiliated ITU-T Study Group 17 that kicked off its weeklong program on Tuesday. Quantum-safe

Aug. 29, 2023

NFT conference to explore monetizing digital assets in Web3 era

NFT 2023 Seoul Conference is scheduled to take place on Friday at Coex in southern Seoul to explore the interplay between non-fungible tokens, digital assets such as art and the Web3 framework that enables new decentralized digital asset marketplaces. The event will be organized by The Korea Herald, the nation’s largest English daily, together with ArtToken, an NFT-based art marketplace, and Seoul-based Soongsil University. Other key partners include Crypto.com, Blockchain Today and Bloomi

Aug. 28, 2023

‘Samsung needs control tower’: compliance committee chief

Samsung Group is a "massive aircraft carrier" and so it needs a control tower for better efficiency and unity, the chief of the tech giant's compliance committee said in an interview with a local news outlet on Aug. 23. "A small sailing boat does not need a control tower, but Samsung is a giant aircraft carrier. Unless the company’s different divisions completely divide to stand on their own, the lack of a control tower can lead to problems in efficiency and unity,&rd

Aug. 27, 2023

[Photo News] Samsung Galaxy Z Flip 5 arrives in Japan

Campaign clips for Samsung Electronics’ latest Galaxy Z Flip5 are played on the digital signage boards in Sibuya, the busy shopping district in Tokyo, Sunday. Preorders started for the new foldable phones in Japan last Tuesday, with their official launch set for Sept. 1. (Samsung Electronics)

Aug. 27, 2023

[Photo News] World's first wireless OLED TV

LG Electronics on Sunday debuted the world’s first wireless OLED TV globally. The tech giant’s 97-inch LG Signature OLED M TV and its 83-inch and 77-inch variants will hit the European market following release in North America and South Korea. (LG Electronics)

Aug. 27, 2023

Naver's HyperClova X AI unrivaled in Hangeul

South Korean internet giant Naver on Thursday unveiled HyperClova X, an upgraded version of its hyperscale artificial intelligence model, which boasts greater Korean language skills than its US rivals, OpenAI's ChatGPT and Google's Bard. In response to the global generative AI craze brought about by ChatGPT late last year, the South Korean IT firm has chosen HyperClova X to be the backbone model of its AI-powered services and become its future growth engine. “Naver dreams of chan

Aug. 24, 2023