US cloud software company Snowflake launched its Korean unit in 2021 with the aim of attracting big-name local companies such as Samsung and LG as lucrative corporate clients. In Korea, many large conglomerates operate their own IT solutions providers, but during these times of digital transformation and the development of artificial intelligence, it has become a lot trickier to store and process vast amounts of information and make the best use of them on their own. "With Snowflake&rsquo

Technology July 5, 2023

Government agencies and major companies in South Korea gathered Tuesday to form an alliance to secure the country’s global leadership in the small modular reactor, or SMR, market. An SMR is a small-sized reactor that can produce 300 megawatts of electricity, integrating major equipment like a steam generator and coolant pump into a containment unit. It is considered a game changer in the energy sector for carbon neutrality and as an eco-friendly energy source. The SMR alliance comprises 11

Industry July 4, 2023

LG Innotek said Monday that it has won the 2023 Supplier Excellence Awards from the UK luxury carmaker Jaguar Land Rover, becoming the first Korean firm to be named as a qualified supplier. The electronics component manufacturer became the winner of the "impact" category at the British carmaker’s annual awards for its outstanding quality of components and compliance with delivery dates. JLR has selected top-performing suppliers each year and has recognized their extraordinary con

Industry July 3, 2023

SHANGHAI -- The Mobile World Congress Shanghai, which returned as an in-person event after a two-year hiatus, wrapped up on Friday. Some 300 companies participated in the three-day event to boast their latest innovation practice of the fifth-generation business but mostly centered around the Chinese telecommunications industry. The number of companies that set up exhibition booths at this year’s MWC Shanghai was nearly halved from some 550 in 2019. Around 37,000 people participated in the

Technology July 2, 2023

SHANGHAI -- Top executives of GSMA, the host of the Mobile World Congress, said South Korea is a perfect place to learn about the digital transformation since it has been at the forefront of technological innovation and leadership. “Korea was one of the very first (countries) to launch 5G (network) services. It's got such vibrant operators and a technology ecosystem that are globally known and respected,” John Hoffman, CEO and director at GSMA Limited, said in an interview with

Technology July 2, 2023

K-팝, K-드라마, K-예능 등 한국 콘텐츠의 인기는 한국어의 위상을 바꿔놓았다. 총성 없는 전쟁터, 인공지능(AI) 개발 현장에서도 예외는 아니다. 초거대언어모델 AI를 개발하는 글로벌 빅테크 기업이 한반도에서만 주로 사용되는 한국어 서비스에 공을 들이는 이유는, 한국 문화가 언어의 장벽을 넘어섰을 때 가질 잠재력을 인식하기 때문이라는 것이 전문가들의 평가다. 한국인공지능협회 김세현 센터장은 “K-콘텐츠는 한국의 문화와 가치를 전 세계에 알리는 역할을 하고 있으며, 전 세계 AI 개발자들 사이에서도 한국어에 대한 새로운 관심을 불러 일으켰다”고 말했다. 서울대 국어국문학과 박진호 교수도 한국어 AI 서비스에 대한 장밋빛 전망을 제시했다. 박 교수는 “한국뿐 아니라 한국어를 알고 싶어 하는 전 세계의 K-컬쳐 팬들에게도 (한글 AI가) 널리 사용될 가능성이 있다”고 말했다. 전문가들은 특히 한국어 AI가 지리적으로 가깝고, 한국 문화와 친

한국어판 June 30, 2023

SHANGHAI -- The Mobile World Congress Shanghai, the Asia edition of the world’s largest mobile communications industry trade show, has returned as an in-person event on Wednesday after a two-year hiatus due to strict COVID-19 restrictions in China. This year’s event, which runs through Friday at the Kerry Hotel Pudong and Shanghai New International Expo Center in Shanghai, kicked off under the theme of “velocity” and focused on three major areas -- 5G transformation, the

Technology June 28, 2023

Samsung Electronics Executive Chairman Lee Jae-yong returned home Saturday after a seven-day business trip to France and Vietnam. He accompanied President Yoon Suk Yeol on his latest state visits to the two countries. As Lee arrived at Seoul Gimpo Business Aviation Center later in the day, he smiled and told reporters that it was “a meaningful itinerary.” But the Samsung chief declined to answer any of them when he was asked about the possibility of Busan’s winning to host the

Industry June 25, 2023

SK Group said Thursday it will honor two late US veterans who fought in the 1950-53 Korean War with a memorial stone, in commemoration of the 70th anniversary of the South Korea-US alliance this year. SK and the Korea-US Alliance Foundation joined hands to establish the memorial stone to honor the late Col. William E. Weber and the late Maj. Gen. John Kirk Singlaub. The conglomerate, Korea's second-largest by revenue, will subsidize the cost of creating the monument, with the foundation tak

Industry June 22, 2023

South Korean telecommunications giant KT Corp. said Wednesday it will diversify its artificial intelligence-related business portfolio to post 1.3 trillion won ($1 billion) in annual sales in the burgeoning sector alone by 2025. “KT has been newly focusing on three AI sectors -- robotics, health care and education,” said Song Jae-ho, a senior executive vice president at KT, during a press conference in Seoul. “We believe that these three areas can help ease ongoing social issue

Technology June 21, 2023

The following series is part of The Korea Herald’s “Hello Hangeul” project which consists of interviews, in-depth analyses, videos and various other forms of content that shed light on the stories of people who are learning the Korean language and the correlation between Korea’s soft power and the rise of its language within the league of world languages. – Ed. Amid the immense popularity of Korean-made content from music to TV shows, an increasing number of peopl

Technology June 18, 2023

An LG banner promoting Busan's bid to host the 2030 World Expo is hung on the digital billboard near Charles de Gaulle International Airport in Paris on Thursday ahead of next week’s general assembly of the Bureau International des Expositions, the intergovernmental body that oversees the World Expo. LG Corp. said it will support the port city’s Expo bid by installing a total of 110 banners near the BIE gathering venue for two weeks. (LG Corp.)

Industry June 16, 2023

SK Group Chairman Chey Tae-won called on chiefs of the group’s affiliates to set up organic responses, based on case-by-case scenarios, to various management uncertainties and opportunities, South Korea's second-largest business conglomerate said Friday. "We are now living in a global transition period where it is difficult to survive with the management approaches that we took in the past,” Chey said in a keynote speech at the 2023 Extended Management Meeting in Seoul on T

Industry June 16, 2023

Samsung Electronics has been picked as the most desirable company to work for among college students here this year, occupying the top spot for the first time in a decade, a tally from a job portal showed Wednesday. Incruit surveyed 872 job-seeking university students nationwide and the results showed 8.1 percent of them chose the tech giant out of 130 listed companies by market capitalization on South Korea’s benchmark Kospi and secondary Kosdaq. Those who picked Samsung cited the company

Industry June 14, 2023

Samsung Electronics said Tuesday it was teaming up with Israeli firm SolarEdge Technologies, the world's leading solar smart inverter company, to promote carbon-neutral homes. Under the new partnership, Samsung has established a foothold for expanding its SmartThings Energy business in Europe. Samsung has previously cooperated with global solar firms including Hanwha Q Cells, SMA Solar Technology and Maxeon Solar Technologies, the company said. “We will continue to cooperate with vari

Technology June 13, 2023