A former vice president and chief economist for SK hynix has joined the US government team overseeing a $52.7 billion fund to boost development and manufacturing in the chipmaking industry. On Friday, the US Commerce Department announced that Dan Kim has joined the CHIPS Program Office as chief economist and director of strategic planning and industry analysis. The program is aimed at spurring ...

Low production volume likely to negatively affect Samsung TVs' pricing, marketability

Ministry of Science and ICT unveils 'K-Network 2030’ strategy for digitalization

SK Telecom said Monday it has developed an artificial intelligence-based robot kit, using its own Vision AI technology that controls robots and analyzes high-definition images of the cameras attached to them. The robots are especially designed to detect fire or leakage of harmful gas, as well as offering the 3D measurement of spaces. The company plans to expand their industrial adoption by develo...

The upcoming MWC is slated to take place from Feb. 27 to March 2, with some 1,900 companies from 160 countries participating. This year’s event will focus on the latest advancements in mobile technology, from smartphones and fifth-generation and sixth-generation networks to immersive technology and fintech services. KT will display its digital transformation technology and the company’s digital ...

Korea Aerospace Research Institute needs more support to achieve Yoon’s space goals, high-ranking official says

LG Chem, South Korea's leading chemical firm, announced Friday that the company has signed a deal to receive 200,000 metric tons of spodumene concentrate from Piedmont Lithium, which will ensure a stable supply of the key material for the company's electric vehicle battery production. Under the deal, LG Chem will receive 50,000 tons of spodumene concentrate every year, starting in the third quar...

Celltrion announced on Friday that the company has signed a joint research and development contract with LISCure Biosciences for a microbiome-based Parkinson's disease treatment. LISCure Biosciences is a Pangyo-based biotech company that conducts research for microbiome-based treatment for Parkinson's disease. The biotech currently has an oral microbiome drug development pipeline for Parkinson's...

Samsung Electronics, the world's largest smartphone maker by shipment, announced the official launch of its Galaxy S23 series in 55 countries Friday, touting record-breaking preorders in South Korea. Starting sales in 55 countries, which include United States, Britain, Dubai and Australia, the tech giant will ultimately launch the new flagship models in 130 countries, the company said. In South...

Prospects of AI in HR “The ability to assess and predict potential is the essence of AI, to which could be applied from sourcing out the most qualified candidate to the annual performance evaluation. Basically, all that requires making an assessment of people, AI could do it,” said Yuk. With the same algorithm, the developers claim that AI can carry out performance evaluations, further educate ...

AI chatbot confuses South Korean President Yoon with his rival Lee

Information technology service provider LG CNS said Thursday it is joining hands with Kyung Hee University to jointly develop and expand a 5G network system that can be applied in manufacturing plants and logistics. Earlier in the month, the IT service provider inked an agreement to jointly develop a 5G-based smart factory predictive maintenance solution, the company said. Predictive maintenance...

Kids watch an LG CLOi GuideBot translate sign language at the Gongju National Museum in Gongju, South Chungcheong Province. LG Electronics said Thursday it is introducing its multipurpose customer service robot at the national museum in Gongju and National Assembly Constitution Memorial Hall in Seoul.

Lotte Group, the country's fifth largest conglomerate, hopes its biopharmaceutical contract manufacturing arm will become a future engine of growth, following in the footsteps of Samsung. But the road ahead remains uncertain as Lotte is still in the early stages of the business. According to industry sources, Lotte Biologics is expected to face a myriad of challenges when it comes to finding a f...

Samsung Electronics said Thursday it has developed a new technology for a single air purification filter that simultaneously removes fine dust and harmful gases, and can be used for up to 20 years through simple water washing. Researchers at the Samsung Advanced Institute of Technology implemented a filter technology that applies photocatalysts such as copper oxide and titanium dioxide -- the fi...