Most Popular
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Pyongyang erects blockades along inter-Korean railways
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Blackpink's Rose and Bruno Mars' 'APT' sparks surge in related stocks
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FT Island's Choi Min-hwan under investigation for allegedly soliciting prostitution
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[From the Scene] How robotics reflect shift in S. Korea's food industry
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Opposition slams Yoon's suggestion to send offensive weapons to Ukraine
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[Exclusive] Korean adoptee sisters meet for the first time in 39 years
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Yoon calls for measures to protect Koreans amid escalating Iran-Israel conflicts
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Korea to regulate cross-border trading of crypto
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N. Korea says troop dispatch to Russia, if true, falls in line with int'l law
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N. Korea slams Seoul-Washington joint air exercise
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[Photo News] Commerce & industry day
President Yoon Suk Yeol (center) and business leaders attend this year's Commerce & Industry Day ceremony held in Seoul on Wednesday. From right: LG Group Chairman Koo Kwang-mo, Hyundai Motor Group Executive Chair Chung Euisun, Samsung Electronics Chairman Lee Jae-yong, Minister for Trade, Industry and Energy Ahn Duk-geun, Yoon, and K Group Chairman Chey Tae-won who doubles as chairman of the Korea Chamber of Commerce and Industry. (Yonhap)
March 20, 2024
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[Photo News] Samsung president wins top industrial honor
Samsung Electronics Executive President Lee Young-hee, who is in charge of global marketing for mobile devices, poses with South Korean President Yoon Suk Yeol after receiving the Gold Tower Order of Industrial Service Merit in Seoul on Wednesday. Lee is credited for raising the brand value of Samsung. In 2022, she became the first female president at Samsung, apart from members of the founding family. (Yonhap)
March 20, 2024
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Samsung-LG rivalry renewed in all-in-one washer
Samsung Electronics and LG Electronics are seen to be renewing their decadeslong competition in the home appliance market with their first all-in-one washer-dryer machines, which combined the two full-capacity laundry machines to complete the entire laundry process in one step. Both Samsung and LG first unveiled their new single-drum laundry machines at the IFA trade show in Germany in August last year, each claiming their products hold superiority over the other. Samsung presented the Bespoke A
March 19, 2024
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SK hynix becomes first to mass produce HBM3E chips
SK hynix, the world’s second-largest memory chip maker, said Tuesday it has begun mass production of its latest HBM3E chips, the next-generation top-performing DRAM for artificial intelligence applications, solidifying its leadership position in the High Bandwidth Memory market. The chip maker said it will deliver the new chips to its clients at the end of this month after finishing the verification process. SK hynix is a major supplier to the US AI chip leader Nvidia but declined to revea
March 19, 2024
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Dyson founder visits Seoul for global debut of new hair dryer
James Dyson, the founder and senior engineer of UK home appliance giant Dyson, visited Seoul on Monday to unveil the company’s new hair dryer, the Dyson Supersonic Nural. The new hair dryer, which is designed to better protect hair and the scalp from heat, made its global debut in Korea, one of the brand’s top-selling markets. The 76-year-old Dyson founder showed his appreciation for the local market as he took the stage to introduce the new machine in person. “What we are tryi
March 18, 2024
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Samsung Electro-Mechanics to launch ‘weatherproof’ camera modules for cars
Samsung Electro-Mechanics is set to start mass production of “weatherproof” camera modules with cutting-edge water-repellent capabilities and heating features for cars this year, the company said Sunday. In the wake of growing demand for enhanced image quality in automotive assistance features and the development of autonomous driving technology, Samsung aims to expand its presence in the camera module industry with its advanced technologies. "Accidents occur when camera sensors
March 17, 2024
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Samsung C&T shareholders vote down activists' dividend hike proposal
Samsung C&T has made it through a challenging proxy season with its shareholders backing its 10 percent increase plan for dividend payouts, averting resistance from activist funds that called for significantly higher returns. Its shares sank nearly 10 percent after the general shareholders meeting took place Friday. The company's proposal to pay a dividend of 2,550 won ($1.90) per common share and 2,600 won for each preferred share was approved. Among valid stocks with voting rights, 77
March 15, 2024
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Naver CEO marks 2nd year with stable growth, corporate reform
Thursday marked the second anniversary of Naver CEO Choi Soo-yeon taking office. Under the executive's leadership, the internet giant has enjoyed stable growth, setting annual earnings records two consecutive years. Naver logged an all-time high operating profit of 1.49 trillion won ($1.13 billion) and sales of 9.67 trillion won last year. It recorded 8.22 trillion won in annual sales in 2022, surpassing the 8 trillion won mark for the first time. Choi has undertaken management innovation e
March 14, 2024
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Trade chief says US chip subsidies coming
The US Commerce Department is expected soon to announce the amount of federal funding it will spend to support Korean chipmakers building facilities on its land, the Korean trade minister said on Tuesday, US time. “The US government is expected to announce the subsidy plan for Korean firms as soon as around the end of March,” Minister for Trade Jeong In-kyo told reporters at Dallas International Airport in Texas, as he was traveling to the country for the first time after having been
March 13, 2024
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[Photo News] AI TV era
Samsung Electronics President Yong Seok-woo, who leads the company's visual display business, poses with the company’s new Neo QLED 8K TV, the tech giant's first TV featuring on-device artificial intelligence, in Seoul on Wednesday. Its feature called "AI upscaling" automatically enhances the resolution of content viewers watch and identifies crucial or moving elements to add special effects for an enhanced viewer experience. (Samsung Electronics)
March 13, 2024
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LG invests $60m in Silicon Valley robot startup
LG Electronics is making a strategic investment in Bear Robotics in the US in a move to expedite the advancement of its commercial service robotics, the company said Tuesday. The tech giant said it has executed a stock purchase agreement to acquire a stake in Bear Robotics, a prominent Silicon Valley-based startup specializing in artificial intelligence-driven autonomous service robots, through an investment of $60 million. LG’s strategic investment comes as the company is preparing for a
March 12, 2024
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Samsung to debut washer-dryer combo globally in Q2
Samsung Electronics said Monday it would launch its latest Bespoke AI Combo, a combined washer and dryer powered by artificial intelligence, in global markets in the next few months. "Shipments to the US have already started for their launch later this month," Lee Moo-hyung, executive vice president and head of the customer experience team of the digital appliances business at the company, said during a press briefing. “Their global launch, including in Southeast Asia, is slated
March 11, 2024
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HD Hyundai partners with Naver to speed up digital transformation
HD Hyundai has teamed up with Naver to accelerate its digital transformation, the South Korean shipbuilding giant said Monday. According to the announcement, representatives from the South Korean shipbuilding conglomerate and the country’s information technology giant signed a memorandum of understanding to bolster the former’s cloud transformation and artificial intelligence business at the latter’s second data center, known as Gak Sejong, in the the city of Sejong. Under the
March 11, 2024
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Samsung Display CEO named display industry association chief
South Korea will take back its sales lead in the global display market by 2027 with its technological edge, Samsung Display CEO Choi Joo-sun said Thursday upon his appointment as the new head of the Korea Display Industry Association. Choi vowed to boost the Korean industry's standing on the global stage through close collaboration with the government during his three-year term. "The Chinese government is spending a huge sum of money to foster its domestic display panel industry. So I
March 8, 2024
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Seoul court bans former SK hynix chip researcher from working for US rival
In the wake of heated competition for chip supremacy, a Seoul court has stepped in to block a former chip researcher involved in chip design at SK hynix from working for US-based rival Micron Technology, alleging possible technology leaks. According to industry sources on Thursday, Seoul Central District Court granted permission to an injunction request filed by SK hynix late last month to prevent the former researcher from working for another company, and ordered the executive to pay 10 milli
March 7, 2024
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Samsung may build Google’s next Tensor chip: sources
Samsung Electronics' foundry division is expected to get a boost as Google reportedly plans to build its new Tensor G4 chipset based on Samsung’s latest Exynos 2400 blueprint, according to industry sources on Wednesday. Google's new Pixel 9 smartphone is set to launch in the latter half of this year, and it is highly anticipated to incorporate the upcoming Tensor G4 chipset. SamMobile and other industry sources predict Samsung Foundry to produce Google's new chipset leveragi
March 6, 2024
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[Photo News] Empowering women
From left: American Chamber of Commerce in Korea Chairman and CEO James Kim, US Embassy in Korea deputy chief of mission Joy M. Sakurai, Citibank Korea CEO Yoo Myung-soon, P&G Korea General Manager Lee Chee-young and Christina Ahn, client partner of Korn Ferry, attend a panel discussion during an International Women’s Day luncheon hosted by AmCham Korea in Seoul on Wednesday. During the event, business leaders shared their unique personal career journeys and delved into strategies fo
March 6, 2024
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Naver, Aramco team up for digital innovation in Middle East
Korean internet giant Naver on Wednesday said it has signed a partnership with Aramco Digital, a technology subsidiary of Saudi Aramco, for digital innovation in the Middle East and North Africa. Under the deal, the two sides agreed to build a sovereign cloud and super app optimized for the Middle East region. They will also join forces to develop sovereign artificial intelligence based on the Arabic language model. “Aramco Digital is the best partner to implement Naver's cutting-edge
March 6, 2024
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Naver to debut new OS for robots at Saudi tech show
Korean internet giant Naver said Tuesday that it is debuting the world’s first web platform-enabled operating system for robots, called “Arc mind,” at this week’s LEAP 2024, a tech trade show held in Saudi Arabia. The company said the new platform combines the web platform technology of Naver Cloud’s Whale and the robotics software technology of Naver Labs. "Team Naver has continuously expanded its tech portfolio from web platform to robotics software by develo
March 5, 2024
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Yanolja makes big cloud push for US listing
South Korean travel platform operator Yanolja is making a big push in cloud services, as it seeks to transform itself into a global tech solutions provider. As the company accelerates the expansion of its overseas solutions business, market watchers and investors are paying keen attention to whether the company will go public on the US stock market this year. According to industry sources on Tuesday, Yanolja is preparing for an initial public offering on either the New York Stock Exchange or Nas
March 5, 2024