SK to offer glimpse of daily life in carbon-neutral future

SK Inc., the strategic investment arm of SK Group, said Wednesday it will present a glimpse of the future drawn by its “carbon-neutral” technologies at the upcoming Consumer Electronics Show in Las Vegas early next month. SK Inc.’s showroom at the trade show will exhibit its envisioned energy life cycle encompassing production to consumption, that cuts the energy usage with its advanced eco-friendly technologies. Their technologies will include a next-generation sodium-cooled f

Dec. 21, 2022

Hyundai Mobis teams up with Israel’s Ottopia for autonomous driving solution

South Korean auto parts maker Hyundai Mobis said Wednesday it has teamed up with Israeli teleoperations startup Ottopia to develop remote mobility assistance solutions for autonomous vehicles. The RMA solution is a technology that allows mobility companies to remotely control the movements and routes of uncrewed vehicles. The technology is especially effective in responding to emergency situations in real time both for industrial and commercial vehicles. The company said it is developing the tec

Dec. 21, 2022

LG chief stresses customer values in New Year’s message

LG Group Chairman and CEO Koo Kwang-mo urged the company's staff and executives to take the lead in creating customer-friendly values, calling them “customer value creators,” in his New Year’s speech for 2023, Tuesday. Delivering the video speech via email to staff around the world, Koo said employees should promote the "virtuous cycle" of growth -- where staff members’ personal growth create touching experiences for users, which in turn accumulate to suppo

Dec. 20, 2022

Samsung chief heading to Vietnam to inspect new R&D center

Samsung Electronics Chairman Lee Jae-yong is expected to head to Vietnam this week to celebrate the completion of the company’s new research and development center, according to industry sources on Tuesday. Upon the meeting, sources say, the Samsung chief is also likely to hold a meeting with Vietnamese President Nguyen Xuan Phuc. The ceremony is scheduled to be held on Thursday in Hanoi, with key officials of the Vietnamese government in attendance. In order to attend the ceremony, Lee ca

Dec. 20, 2022

Samsung, SK hynix to face grim Q4 due to weak demand: report

South Korea's leading semiconductor makers Samsung Electronics and SK hynix face a grim outlook in their fourth quarter sales due to sluggish demand for memory chips, a report said on Monday. In a report, Daol Investment and Securities forecast that Samsung Electronics, the world's largest memory chip and mobile phone maker, would log sales of 73.2 trillion won ($56.2 billion) in the fourth quarter this year, down 4.4 percent than the previous year. Operating profit would plunge by 4

Dec. 19, 2022

S. Korea's sea level rises nearly 10cm over 33 years

The sea level of South Korea rose nearly 10 centimeters over the past 33 years as a result of climate change, government data showed Monday. The country's average coastal surface height grew 9.9 cm between 1989 and 2021, with the yearly average coming to 3.01 milometers, according to the Korea Hydrographic and Oceanographic Agency. The East Sea saw the largest increase of 3.53 mm per year on average, followed by the Yellow Sea with 3.08 mm and the southern sea 2.55 mm per year, the data sho

Dec. 19, 2022

LG Electronics chosen as Corporate Startup Stars in CSS Award

LG Electronics has been chosen as one of the most active corporations working with startups and was honored for its collaboration practices in East Asia at the seventh Corporate Startup Starts Awards. According to LG Electronics on Sunday, it has been named a East Asia Corporate Startup Star for its cooperation with startups in East Asia. The award is divided into seven regional awards -- Europe, North America, South America, Africa, Middle East, East Asia, China. The CSS Awards, jointly organiz

Dec. 18, 2022

Minister confirms South Korea’s participation in US-led chip alliance

South Korea is highly expected to join a strategic chip alliance proposed by the United States, as the trade minister stressed the country “cannot miss out” in the semiconductor industry, a key pillar of the Korean economy. Minister of Trade, Industry and Energy Lee Chang-yang said the government is considering joining the so-called Chip 4 grouping that connects the four global chip powerhouses -- South Korea, the United States, Taiwan and Japan. “We really cannot miss (opportu

Dec. 18, 2022

Provincial governments pin high hopes on elevated ties of Korea-Vietnam

HANOI, Vietnam - Provincial governments of Korea and Vietnam boasted their abundant infrastructure, key industries, and investor incentives during the Korea-Vietnam Economic Cooperation Forum held on Friday in Hanoi, Vietnam, pinning high hopes on elevated ties between the two countries. Kim Young-hwan, governor of North Chungcheong Province, suggested Korea and Vietnam work together to diversify global supply chains that are heavily reliant on China amid the escalating US-China rivalry. North C

Dec. 18, 2022

[Newsmaker] Twitter suspends accounts of journalists covering Musk

SAN FRANCISCO -- Twitter suspended Thursday accounts of more than a half-dozen journalists who had been writing about the company and its new owner Elon Musk. Silencing journalists at Twitter while claiming to be a free speech champion is the latest controversy provoked by Musk since he took over the company, which has seen staffing gutted and advertisers exit. Some of the journalists had been tweeting about Twitter shutting down an @ElonJet account that tracked flights of billionaire Musk

Dec. 16, 2022

Huawei vows to go greener with Korean partners

Huawei Technologies Korea will continuously stay committed to working with its partners to develop green and low-carbon technologies to attain carbon neutral goals, its top executive said Thursday. “We promise to cooperate with South Korean partners to build a better green digital life in the following year,” Sun Luyuan, the chief executive officer of the Chinese tech giant's Korean unit said in a year-end press conference at the Grand Hyatt Hotel in Seoul. Huawei's green

Dec. 15, 2022

Samsung to hold global strategy meeting amid business uncertainties

Samsung Electronics, which completed its annual executive reshuffle Friday, will embark on a global strategy meeting starting this week to establish business strategies for next year amid persistent uncertainties over the macroeconomic environment. Samsung’s global strategy meeting, which is held biannually in June and December, is a venue where executives at local and global units gather to review business conditions of each sector and discuss new growth engine plans for the upcoming ye

Dec. 12, 2022

Vietnam at the center of Samsung’s renewed R&D push

HANOI, Vietnam – Gone are the days when Vietnam served as a cheap manufacturing base for global companies. Samsung Electronics, among others, have more recently been investing heavily to nurture a new research hub there. Ahead of the opening of its new research and development center later this month, the South Korean tech giant held its recruitment test, called Global Samsung Aptitude Test, three times this year alone -- a massive hiring drive that is rare both at home and abroad. “

Dec. 11, 2022

SK hynix develops world’s fastest server DRAM

South Korean chipmaker SK hynix said Thursday it has developed the world's fastest server memory module that has greatly improved the operation speed of existing module chips in the market. The new product, DDR5 Multiplexer Combined Ranks Dual In-line Memory Module, boasts a data transfer rate of a minimum 8 gigabits per second, almost 80 percent faster than the 4.8 gigabits of the current DDR5 chips. Developed in collaboration with global chip giants Intel and Renesas, SK hynix said their

Dec. 8, 2022

LG debuts air-purifying face mask

LG Electronics debuted its new air-purifying electronic mask in Korea on Thursday, becoming the first company to get approval for the sale of the mask in the country. Approved by the Korea Conformity Laboratories for its filtration capabilities, the company said the LG PuriCare mask had removed 99.9 percent of the 0.01 micrometer-sized impurities within the mask, allowing a clean supply of air for its wearer. Ergonomically designed to be tailored to the human's face structure, the mask mini

Dec. 8, 2022

S. Korea rolls out biotech plan

The Ministry of Science and ICT on Wednesday announced its midterm plan to nurture the local biotechnology industry, aiming to pour about 400 billion won ($303 million) annually from next year into securing key technologies in the field. South Korea will “implement the country’s cutting-edge digital technologies into the bio industry to increase the overall efficiency within the industry and related research,” said Lee Jong-ho, minister of science and ICT. The minister added th

Dec. 7, 2022

After server shutdown, Kakao pledges to triple investment over next 5 years

South Korean IT giant Kakao vowed Wednesday to triple its investment in efforts to set up more stable service operations after the company faced heat when its major services, such as KakaoTalk, were shut down due to a data center fire. “Kakao will invest more than three times the amount it invested in the past five years to secure human resources and develop technologies for service stabilization while implementing disaster recovery with a triple structure or higher over the next five year

Dec. 7, 2022

SK chief stresses ties with Japan to tackle geopolitical challenges

South Korea, the United States and Japan should work closely together to address geopolitical challenges pressing Northeast Asia and beyond, SK Group Chairman Chey Tae-won said at a forum. Chey made the remarks at the 2022 Trans-Pacific Dialogue in the US, an annual gathering hosted by the Chey Institute for Advanced Studies, an SK-affiliated think tank named after the chairman's father, SK Group founder Chey Jong-hyun. The three-day forum, which kicked off Monday, was attended by former an

Dec. 7, 2022

LG Innotek becomes first to adopt plastic to ADAS lenses

LG Innotek said Wednesday it has successfully developed new types of high-performance hybrid lenses for autonomous driving that have reduced size and thickness while increasing price competitiveness compared to existing products in the market. Camera lenses are a key component of autonomous driving solutions as they help detect the driver’s movements, according to the company. LG Innotek has showcased two new hybrid lenses — one to be used in the Driver Monitoring System (DMS), and a

Dec. 7, 2022

Smilegate supports literacy education in Bhutan

Smilegate Foundation, the charity arm of South Korean gaming giant Smilegate, said Wednesday it has opened two new community learning centers on Nov. 28, to support literacy education for women and children in Bhutan. According to the foundation, the centers, which were built together with UNESCO and Bhutan’s Education Ministry, seek to provide women and children in remote areas with access to education, with the hopes of increasing their overall quality of life. The charity foundation ran

Dec. 7, 2022