South Korean tech companies are gearing up to showcase their latest cutting-edge products and innovations at the upcoming CES 2024, the world’s largest tech trade show that opens Tuesday in Las Vegas. After years of pandemic disruptions, this year’s CES is expected to attract over 130,000 visitors, making it second largest after a record 180,000 visitors in 2020, according to the event organizer, Consumer Technology Association. Under the theme of “All On,” the upcoming C

Industry Jan. 7, 2024

Global service Line has become one of the most popular messaging apps in Asia, with its presence soaring as an essential platform that enhances convenience in daily life. According to Line Plus, the global arm of Japan-based LY Corp., Line is considered a must-have app, especially in Southeast Asia, where it offers a host of special features from disaster alerts to mental care and fighting misinformation. The company launched Line Alert, an official account dedicated to disaster notifications, i

Technology Jan. 3, 2024

With Amazon-owned popular game livestreaming platform Twitch’s decision to withdraw from the Korean market, the competition to lure the market leader’s popular streamers and millions of users appears to be in full swing among local platform operators AfreecaTV and Naver. Until recently, Twitch occupied more than half the market -- 52 percent -- with 2.32 million active users according to the monthly average of subscribers January 2022 through November 2023. AfreecaTV, the runner-up w

Technology Dec. 26, 2023

LG Electronics said Friday it has launched an experience zone, called “Another Saigon,” in Ho Chi Minh, Vietnam, targeting young customers amid growing demand for premium home appliances. Vietnam's market economy has experienced a rejuvenation driven by the "Doi Moi" generation — individuals born after the country initiated political reforms in 1986 to establish a socialist market economy. Given the younger generation's greater familiarity with social media

Technology Dec. 22, 2023

Huawei Technologies Korea will maintain its commitment to accelerating Korea’s digital transformation momentum by providing safer and more innovative products and solutions industrywide, the company’s top executive said Wednesday. “We will help the Korean ICT industry develop more actively in the future by introducing our outstanding research and development achievements and experiences in various sectors, including artificial intelligence, 5G network and cloud computing, to th

Technology Dec. 21, 2023

SK Broadband, a major South Korean internet service provider, said Wednesday it is introducing an internet protocol television, or IPTV, service using artificial intelligence that aims to provide more tailored content to users. Under the goal of becoming the paid broadcasting market leader, SK's IPTV platform B tv provides hyper-personalized services to users by analyzing and predicting their lifestyles using AI technology. "Starting with the launch of 'AI B tv,' we aim to gr

Technology Dec. 20, 2023

LG Innotek said Monday it has developed a wireless battery management system, or BMS, for electric vehicles that significantly improved battery performance. The BMS is an essential EV component that optimizes a battery’s performance and lifespan by monitoring battery voltage, electric current and temperature in real time. The wireless BMS has emerged as a key component for electric vehicles and autonomous vehicles since it does not require cables or connectors. The wireless feature makes E

Technology Dec. 18, 2023

While the South Korean IT industry has historically been dominated by male leadership, leading internet giants Naver and Kakao are seeing a new wave of young female leaders taking the helm and steering the ship through challenging waters and toward new horizons. Kakao named its first female CEO last week as it faces urgent challenges in revamping its corporate culture and management. Industry watchers are paying keen attention to how crucial a role the company's first-ever female leader wil

Technology Dec. 17, 2023

SK Group said Thursday it will present its blueprint for a world free from the climate crisis -- the net-zero world -- via low-carbon technology at the Consumer Electronics Show 2024, the world's largest consumer electronics show, slated to open in Las Vegas next month. SK’s seven affiliates, including SK Inc., SK Innovation, SK hynix, SK Telecom and SK E&S, will jointly operate a pavilion under the theme of “Inspire Happiness” during the four-day annual US tech show

Technology Dec. 14, 2023

Kakao said Wednesday it had nominated a new chief executive as part of the company's comprehensive reform efforts amid ongoing internal and external conflicts. The company's CEO candidate recommendation committee earlier in the day named Chung Shin-a, head of Kakao Ventures, Kakao’s venture capital unit, as the sole candidate for the role. Kakao praised Chung’s expertise and experience in the IT sector, as well as her comprehensive understanding of the conflicts and hardshi

Technology Dec. 13, 2023

SK Group, the country's second-largest conglomerate, has donated 12 billion won ($9.11 million) to the Community Chest of Korea in a gesture to help underprivileged people, the group said Tuesday. Despite the challenging economic environment, the conglomerate has maintained its annual tradition of giving that started in 1999. SK’s cumulative donation amount to the local charity organization came in at 234.5 billion won to date. SK Supex Council’s Social Value Committee President

Industry Dec. 12, 2023

South Korean telecommunications giant KT Corp. on Thursday conducted the first organizational restructuring and executive shakeup since the company’s new chief, Kim Young-shub, took office in August. The telecom carrier has also set a new vision of a “digital innovation partner that creates a better future for customers” with the aim of becoming a global leader specializing in information and communication technology services. “We expect this year’s reshuffle will b

Technology Nov. 30, 2023

Samsung Group's key technology affiliates -- Samsung Electronics, Samsung Display and Samsung SDS, Samsung SDI and Samsung Electro-Mechanics -- on Wednesday promoted a swath of young executives in their 30s and 40s as part of their ongoing efforts to build a foundation for future growth. Samsung Electronics promoted a total of 143 executives in a year-end reshuffle, a decrease from last year’s 183. The total number of executives promoted this year was the lowest since May 2017 marked

Technology Nov. 29, 2023

With the rise of generative artificial intelligence like ChatGPT, regulators across the world have started to establish rules and regulations on the technology. South Korea is also getting ready to come up with normative systems on the burgeoning AI that it hopes will serve as a benchmark for other countries, the nation's data protection watchdog chief said. Although the European Union and the United States are so far leading the world in the push to regulate AI, Korea is receiving global a

Technology Nov. 28, 2023

LG Electronics CEO Cho Joo-wan will lay out the blueprints for the home appliance giant’s vision and innovation in artificial intelligence-based future growth a day ahead of the opening of the Consumer Electronics Show in January in Las Vegas, according to the company on Tuesday. Under the theme of “Reinvent your future,” the CEO will unveil the company’s key focuses for next year at the company’s global press conference, dubbed the “LG World Premiere,”

Technology Nov. 28, 2023