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

Technology Aug. 30, 2023

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

Technology Aug. 29, 2023

Samsung Group's key technology affiliates -- Samsung Electronics, Samsung Display and Samsung SDI -- will hire experienced workers with research and development capabilities from outside the country, according to industry sources on Monday. South Korea's largest conglomerate has been carrying out recruiting activities to secure outstanding R&D talent from around the world. It newly introduced the foreign experienced employee recruitment process this year for foreign skilled worke

Industry Aug. 28, 2023

President Yoon Suk Yeol on Friday approved the appointment of Lee Dong-kwan as the new head of the state broadcasting watchdog, the Korea Communications Commission, despite controversy surrounding Lee and his son. Yoon conferred a letter of appointment to Lee, a former journalist who served as a senior secretary for press affairs during the Lee Myung-bak administration, at the presidential office in Yongsan-gu, Seoul, on Friday in the late afternoon. The appointment decision came even after the

Industry Aug. 25, 2023

Samsung Display said Friday it has opened an experience zone, providing an upgraded and immersive gaming experience to visitors at the ongoing Gamescom 2023 in Cologne, Germany, with QD-OLED gaming monitors and OLED laptops. Samsung installed 34-inch Dell and Micro-Star International gaming monitors equipped with the South Korean panel maker's QD-OLED panels, as well as Samsung Electronics' Galaxy Book3 Ultra laptops featuring its OLED panels. Samsung said its gaming displays allow vis

Industry Aug. 25, 2023

South Korean telecommunications giant KT Corp.’s CEO nominee Kim Young-shub will take the stage as a keynote speaker at a global leadership conference organized by the UK-based mobile industry nonprofit GSMA next month. It will likely mark his first official schedule to step outside as KT’s new chief. The KT CEO nominee will deliver a keynote speech at the Mobile 360 APAC, the Asia-Pacific leg of the event that is scheduled to take place for the first time in Seoul on Sept. 7 and 8,

Industry Aug. 25, 2023

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

Technology Aug. 24, 2023

Chey Jae-won, executive vice chairman of SK Group and co-chief of its battery-making arm SK On, met with Germany luxury carmaker Mercedes-Benz CEO Ola Kallenius to discuss ways to strengthen business cooperation in the electric vehicle sector, the energy-to-chip conglomerate said Wednesday. Chey and Kallenius discussed various cooperation plans on electric vehicle products and services, including battery supply and Tmap, the SK-made navigation service widely used across Korea, the SK Group off

Industry Aug. 23, 2023

LG Electronics is considering launching cosmetics products in line with the release of a new model of its skin care device under the in-house home beauty brand Pra.L in the first half of next year, according to its recent semi-annual report on DART, the Financial Supervisory Service's electronic disclosure board. An LG Electronics official said Tuesday the company is in talks to collaborate with a local cosmetic manufacturer rather than producing the products itself. “We may go throug

Technology Aug. 22, 2023

South Korea's largest telecommunications carrier SK Telecom said Monday that it has become the third-largest shareholder of Persona.AI, a Seoul-based artificial intelligence contact center, or AICC. The company did not disclose other details, including the deal size and the amount of the stakes it secured. An AICC offers 24-hour customer consultations via AI chatbots and callbots. Persona.AI, using its own natural language processing engine, offers related solutions and subscription-based s

Technology Aug. 21, 2023

CHEONAN, South Chungcheong Province -- Commemorating the 78th anniversary of the Aug. 15 Liberation Day this year, the state-run Independence Hall of Korea and the country’s largest telecommunications carrier SK Telecom have joined forces to restore faded photos of independence fighters and animate them using artificial intelligence. Under a partnership signed in 2020, the Independence Hall and SK Telecom kicked off a five-year project to turn the memorial into a high-tech “Eco-Mus

Technology Aug. 20, 2023

SK Telecom, South Korea's leading telecommunications carrier, said Wednesday that it will host a hackathon event with California-based startup OpenAI next month in Seoul to discover talent who are likely to lead the future artificial intelligence industry. Prompter Day Seoul 2023 will run under the theme of developing services that can help humanity through AI. Planners, developers and designers who are interested in generative AIs can participate in the competition to develop services and

Technology Aug. 16, 2023

Since the outbreak of COVID-19, local restaurants and hotels have been increasingly adopting server robots, and almost seven out of 10 are believed to be from China. According to industry estimates, there were about 5,000 server robots last year, a surge from some 3,000 units in 2021. This year, the figure is expected nearly to double to 10,000 units. In a recent report, the Korean Association of Robot Industry said China-made robots made up about 70 percent of the total number of server robots

Technology Aug. 15, 2023

Samsung Electronics’ chip division and SK hynix have seen their inventories surge in the first half of this year, surpassing a combined 50 trillion won ($37.3 billion), according to the semi-annual reports released by the two firms on DART, the Financial Supervisory Service's electronic disclosure board Tuesday. Samsung's device solutions division in charge of the tech giant's chip business saw total assets on its inventory jump 15.9 percent on-year to 33.7 trillion at the e

Technology Aug. 15, 2023

LG Electronics said Tuesday that its Universal Up’s Kit, a set of accessories that aim to enhance the accessibility of home appliances for disabled people, will be unveiled during the IFA trade show held in Berlin next month. The accessories include a detachable handle for a washing machine, a rotating rack for a refrigerator, and a silicon-based braille cover for a remote control. (LG Electronics)

Technology Aug. 15, 2023