LG eyes W1tr sales in smart factory solutions by 2030

LG Electronics said Thursday it has set a goal of achieving over 1 trillion won ($724 million) in sales in the smart factory solutions business by 2030, by integrating artificial intelligence and digital transformation technologies as well as manufacturing and production data. “Despite it being the inaugural year of operation, substantial progress has already been made,” said Song Si-yong, a smart factory business division leader of LG PRI (Production Engineering Research Institute),

July 18, 2024

Samsung acquires UK tech startup to expand on-device AI capabilities

Samsung Electronics said Thursday that it has acquired Oxford Semantic Technologies, a UK-based startup, to enhance the on-device AI integrated into its Galaxy series. According to the tech giant, the acquisition was formalized Tuesday, though the financial details have yet to be disclosed. The acquired firm, founded in 2017 by three professors from the University of Oxford, leads in knowledge graphs, a key technology for advancing and personalizing artificial intelligence. This technology, whic

July 18, 2024

Tmax Tibero’s research center recognized top R&D center by Science Ministry

Tmax Group announced Thursday that the research institute under its database management system (DBMS) specialist subsidiary, TmaxTibero, has been recognized by the Ministry of Science and ICT as the top corporate research and development center for the first half of 2024. Among 24 exemplary corporate research institutes chosen by the ministry, two, including TmaxTibero, were highlighted for their global growth potential and designated as top-tier. TmaxTibero's research institute focuses on

July 18, 2024

Google suspends popular search service in Korea

US tech giant Google has recently discontinued offering real-time popular searches in Korea, a feature long banned by its Korean rivals such as Naver and Daum due to the possibility of manipulating public opinion. “We have decided to remove the feature from Google Search in Korea. The feature is no longer available here,” Google Korea said in a statement Wednesday. No further elaboration on the reason and timing of the suspension was given. Naver and Daum suspended their popular sear

July 17, 2024

[Herald Interview] SK’s investment in Kentucky to attract more investors like ‘gravity’: Gov.

SK On’s new battery plant in Kentucky – the world’s largest of its kind – will help attract more investments into the US state like “gravity,” Gov. Andy Beshear told The Korea Herald in an interview held in Seoul on Monday. SK On, the battery-making unit of SK Group, has set up a joint venture with US auto giant Ford, called BlueOval SK, in the southeastern state of the US, with a whopping $5.8 billion investment. “SK On’s project is the largest in

July 16, 2024

SKT invests $200m in data center specialist Smart Global in AI push

SK Telecom, South Korea's largest wireless carrier by membership, said Tuesday that it has signed a contract to invest $200 million in Smart Global Holdings, a US company specializing in data center integration solutions. Under the terms of the agreement, SKT will acquire 200,000 preferred shares and secure about 10 percent ownership through conversion to common stock. This marks the telecom giant’s largest investment in the artificial intelligence sector. With this investment, the am

July 16, 2024

Chinese rivals to take on Samsung with slimmer foldable phones

Amid Samsung Electronics’ leadership as a foldable phone pioneer, its Chinese rivals appear to be racing to shrink the size of their new phones. Last week in Paris, Samsung unveiled its new foldable phones the Galaxy Z Fold6 and Flip6, touting them as the slimmer and lighter phones to be powered by its new artificial intelligence features, called Galaxy AI. Just a few days after Samsung's highly-publicized Unpacked event, China’s Honor launched its version Friday, saying the new

July 15, 2024

Committee on Space Research underscores international cooperation

BUSAN -- Yoon Young-bin, the head of Korea AeroSpace Administration, or KASA, on Monday reiterated the importance of collaboration and cooperation in space to make progress across borders for the prosperity of humanity at the 45th Committee on Space Research, or COSPAR, at Bexco in Busan. “In order to become an influential member of the international space community, we will actively pursue cooperative activities in the field of space exploration and space science where global collaboratio

July 15, 2024

SKT debuts veterinary diagnostic service in North America

SK Telecom said Monday that it has sealed partnerships in Canada and the US to expand its proprietary artificial intelligence-driven veterinary diagnostic service, X Caliber, into the North American pet market, the largest globally. Originally launched in Korea in September 2022, X Caliber executes diagnostic results through AI analysis of X-ray images. This expansion into North America follows its recent launches in Australia and Indonesia. Expansion in Canada has been confirmed through a distr

July 15, 2024

Samsung invests in US DNA-sequencing biotech Element Biosciences

Samsung Electronics took part in a $277 million Series D investment for Element Bioscience, a US-based DNA analysis equipment company, to expand its footing in the medical device market, the company said Friday. Element Biosciences, established in 2017 in San Diego, is a life science company that developed the disruptive DNA sequencing and multi-omics technology that boasts the industry's "top level" accuracy for research markets, Samsung said. According to the bioscience firm, th

July 12, 2024

[Gadget Review] Galaxy Z Flip6, Fold6 bring AI tech to palm of your hand

Samsung Electronics’ latest foldable phones -- the Galaxy Z Flip6 and Z Fold6 -- were unveiled at the summer edition of the Galaxy Unpacked 2024 event in Paris on Wednesday, surprising the audience with slimmer and lighter designs. The Korea Herald had a chance to try out the new foldable lineup the day after the unveiling event in Korea. The tech giant’s first artificial intelligence-powered foldable phones are easy to hold and fun to play with, but the more you use them, the more t

July 11, 2024

LGE, Qualcomm chiefs meet to discuss AI partnership

LG Electronics Chief Executive Officer Cho Joo-wan met with Qualcomm CEO Cristiano Amon on Wednesday to discuss their ongoing collaboration on advanced technology, including on-device artificial intelligence and automotive electronics, according to industry sources. On the second day of his trip to Seoul, Amon met with Cho at the LG Electronics headquarters in Yeouido, Seoul. The two companies have been building a firm partnership over the past years, especially in the fields of audio products a

July 11, 2024

Zyx Technology donates CAD software to University of Seoul

AI digital design platform company Zyx Technology announced that it signed a memorandum of understanding to donate ZyxCAD licenses worth 1 billion won ($722,021) to the University of Seoul. Key figures including Eom Shin-jo, CEO of Zyx Technology, and Won Yong-geol, President of the University of Seoul, attended the signing ceremony held on June 25. ZyxCAD is a versatile computer-aided design (CAD) software independently developed by Zyx Technology. It features a user interface and software lang

July 11, 2024

Zyx Technology releases CAD software in Vietnam

AI digital design platform company Zyx Technology announced Wednesday that it has signed a distribution agreement with HTI Hantech Innovation Vietnam, a system integration specialist, for ZyxCAD in the Vietnamese market. HTI, which operates offices in Vietnam, Europe and the Middle East, brings and promotes Korean smart construction technologies in Vietnam, such as smart factories and smart building technologies, in Vietnam. Zyx Technology anticipated that ZyxCAD and its AI-driven intelligent de

July 11, 2024

Samsung unveils slimmer AI-powered foldable phones

Samsung Electronics unveiled its new slimmer and lighter foldable phones -- the Galaxy Z Flip6 and Z Fold6 -- in Paris on Wednesday, betting big on the Olympics fever brewing in the French capital. As the venue for the biggest product launch in the latter half of this year, the Korean tech giant chose the iconic Louvre Museum, inviting some 1,000 journalists and industry people from around the globe. “Samsung Electronics has been leading the foldable market through continuous innovation si

July 10, 2024

Zyx Technology launches CAD application program Works globally

South Korean design software developer Zyx Technology has globally launched its proprietary computer-aided design (CAD) application program, Works. Works offers approximately 270 utility functions tailored to various industries utilizing CAD. CAD is a computer program that generates two- or three-dimensional graphic representation. It is employed in various fields, such as computer animation, industrial, civil and architecture design. Notable features offered by Works are the multiplot feature,

July 10, 2024

Texas governor vows full support for Samsung’s expansion in US

Texas Gov. Greg Abbott on Tuesday reiterated his full support for Samsung Electronics to secure a bigger footing in the US, upon his visit to the chip giant’s semiconductor manufacturing plant in Korea. Abbott visited Samsung’s semiconductor campus -- the world's largest semiconductor production facility -- in Pyeongtaek, Gyeonggi Province, as part of his Asian trip that includes South Korea, Taiwan and Japan. He arrived in Korea on Monday. The governor inspected the P1 line, gu

July 10, 2024

[Photo News] Cambridge students at SK Telecom

Cambridge University MBA students experience SK Telecom’s artificial intelligence technology at the telecom carrier’s exhibition hall T.um in Seoul on Tuesday. Some 40 students and faculty members of the UK school visited the company to learn about its AI strategy and global cooperation under the Global Telco AI Alliance. (SK Telecom)

July 10, 2024

Samsung wins first order for cutting-edge 2 nm turnkey chip solution

Samsung Electronics announced Tuesday it has bagged the first order for its new turnkey semiconductor solutions using the cutting-edge 2-nanometer foundry process from a leading artificial intelligence company in Japan. Holding the Samsung Foundry Forum and Samsung Advanced Foundry Ecosystem Forum in Seoul, the chip giant also unveiled its foundry strategy for its advanced Gate-All Around transistor architecture to support the local logic chip industry, as well as the latest AI solutions. Having

July 9, 2024

Dabeeo's AI technology detects even addition of solar panels of rooftops, accelerating urban change detection projects

Dabeeo, a geospatial information AI technology company, announced its successful completion in June of the '1:1000 Topographic Map Enhancement Pilot Project' promoted by the National Geographic Information Institute of the Ministry of Land, Infrastructure, and Transport. During the 180-day project, the company used AI change detection technology to identify changes in buildings, roads and other features over the 54-square-kilometer area covering from Geumsan-gun, South Chungcheong Prov

July 8, 2024