Kakao Brain, an AI technology research and development subsidiary of Kakao, said Thursday it will upgrade its Korean-language AI model to go full swing in promoting the development of local AI industry. According to the AI company, it plans to enhance the deep learning process of KoGPT, Kako Brain’s Korean- language AI model, and make it 100 times more efficient by using Google Cloud’s supercomp...

Samsung chief's first trip to US in 5 years suggests recovery of tech giant’s global network, leadership revival. But what's next?

IT giant offers sneak peek into new metaverse platform Arcverse, world’s first artificial intelligence operating in Korean

South Korean tech giant’s new fab in US set to start operation in 2024

The announcement is set to be the climax of Samsung Electronics Vice Chairman Lee Jae-yong’s trip to the US, his first in five years. The de facto Samsung leader has been facing a series of legal battles for years on bribery charges. On Tuesday, Samsung Electronics said Lee met Google parent company Alphabet’s CEO Sundar Pichai on Monday to discuss potential cooperation between the two companies...

Shares of South Korean semiconductor firms rose sharply Monday over market prospects on recovery of memory chip price on intensifying global race to adopt metaverse technology. Memory chips are a critical component in the metaverse, in which users interact with each other in digital worlds, which could offset the bearish forecast for memory chip prices. Samsung Electronics -- the tech giant wi...

South Korea broke ground Monday for an artificial intelligence complex in the southwestern city of Gwangju to foster the related industry, the science ministry said. The groundbreaking ceremony was held in Gwangju, 330 kilometers south of Seoul, for a major construction project to create an AI complex center, including data centers and facilities in automobiles and energy sectors. A total of 39...

Welfare facilities for the disabled are mainly located on the outskirts of the city, making it difficult to travel to the inner city, explained a Philips Korea official on why the company had made the contribution. The modified vehicle will be able to provide greater, timely access to public facilities, especially should they need to leave the house to receive medical treatment at hospitals. “W...

Samsung Electronics Vice Chairman Lee Jae-yong poses with Noubar Afeyan, co-founder of Moderna, at the headquarters of Flagship Pioneering, a biopharmaceutical investment firm invested by Afeyan in Cambridge, Massachusetts, Tuesday. Lee discussed cooperation measures for the COVID-19 vaccine with the Moderna co-founder, as Samsung Biologics is currently bottling Moderna’s vaccine at its plant in...

Hanwha Solutions said Thursday that the company has invested $160 million in securing low-carbon photovoltaic materials amid a growing demand for renewable energy in the United States. The energy affiliate of South Korean conglomerate Hanwha Group said it agreed to purchase a 16.67 percent stake in REC Silicon for $160 million. The investment will make the Hanwha company a co-leading shareholde...

SK Bioscience’s contract manufacturing deal to produce AstraZeneca’s COVID-19 vaccine will expire by the end of this year, according to the company Thursday. The deal greatly helped South Korea secure shots in its early vaccination stage, but as the government has decided to phase out the use of the AstraZeneca vaccine, there is no need for the firm to continue producing it, the firm said. As f...

Streaming giant Netflix announced on Thursday a subscription fee increase of up to 17 percent, its first hike since launching the service in South Korea in 2016. The streaming platform’s standard plan will cost 13,500 won ($11.45) a month, up 12.5 percent from the previous 12,000 won, and the premium plan will go up 17.24 percent to 17,000 won from 14,500 won. The basic plan will remain unchange...

Apple released an update to its mobile operating system Thursday to fix dropped calls on iPhone devices, including the iPhone 12 and 13. The release of the iOS 15.1.1, an updated version of the iOS 15.1, fixes the call drop performance issue on the iPhone 12 and iPhone 13 as well as the usual bug fixes, U.S. online website Apple Insider said. iPhone 12 and iPhone 13 users have recently experien...

DataStreams said Wednesday its CEO won a bronze tower order of industrial service merit from the government for the company’s technological prowess in big data solutions. Founded 20 years ago, DataStreams is a leader of the local big data solution market and is taking steps to get listed in Kosdaq. In addition to the order of merit won by CEO Lee Young-sang, the company’s big data platform name...

LG Innotek said Wednesday one of its senior officials won a presidential commendation at the 2021 Korea Tech Show for developing innovative technology and products. Lee Kwang-tae, head of LG Innotek’s package substrate production division, received the award for contributing toward enhancing the competitiveness of Korea’s semiconductor substrate industry. Lee joined LG Electronics in 1999 and h...