Articles by Jie Ye-eun
Jie Ye-eun
yeeun@heraldcorp.com-
New AI alliance launched
A group of South Korea’s leading companies in 10 major sectors including automobiles, shipbuilding, battery, robots and steel, agreed to form an alliance to strengthen competitiveness by linking and cooperating on value chains across industries with the latest artificial intelligence technologies, the Ministry of Trade, Industry and Energy said Tuesday. The Industry AI Alliance is comprised of the Ministry of Trade, Industry and Energy, public organizations and over 400 domestic firms, inc
Industry July 25, 2023
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[KH Explains] KakaoTalk reigns at home, but falters overseas
KakaoTalk has dominated South Korea’s messenger app market, as it connects people and offers numerous services affiliated from taxi-hailing to banking. While an increasing number of local users heavily rely on the messaging app, about 2.25 million people abroad, which take up over 4.2 percent of all users, fled from the messaging app in the past decade, according to the latest data from its operator Kakao. Launched in March 2010 as a free mobile messenger, the number of KakaoTalk’s m
Industry July 24, 2023
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Samsung likely to lose again to TSMC in chips revenue
Samsung Electronics, the world's largest memory chip maker, appears to be lagging behind its rival Taiwan Semiconductor Manufacturing Corp. in terms of revenue from its global semiconductor business for four quarters in a row amid a protracted slump in the global economy. According to industry sources on Sunday, TSMC’s second-quarter revenue slipped 10 percent on-year to $15.53 billion. It slightly beat market expectations, but failed to avoid the impact of a chip recession caused by
Technology July 23, 2023
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Upstage’s LLM tops global open-source AI evaluation
South Korea’s artificial intelligence startup Upstage said Thursday it has secured the top position in the global evaluation of large language models. The company’s 30-billion-parameter LLM scored 67 points, ahead of Meta’s LLaMa-2 (66.8 points) on the Open LLM Leaderboard operated by the AI platform, Hugging Face, as of Wednesday. Hugging Face’s leaderboard evaluates LLMs with less than 100 billion parameters on four key indicators: model’s reasoning challenge,
Technology July 20, 2023
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SK Square closes W860b stake sale of SK Shieldus
SK Square, the investment arm of SK Group, has completed the process of selling a portion of its stake in its security service subsidiary SK Shieldus to EQT Partners, a private equity fund operated by Sweden's largest conglomerate, the Wallenberg Group, a filing showed Thursday. SK Square said it has sold 28.82 percent of its stake in Korea Security Holdings, the parent firm of SK Shieldus, for about 860 billion won ($684 million). EQT Partners acquired a 36.9 percent stake in SK Square and
Industry July 20, 2023
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LG touts expertise, reliability of Exaone 2.0
LG Group’s artificial intelligence think tank LG AI Research on Wednesday unveiled the upgraded version of its hyperscale AI multimodal Exaone that was designed to learn expertise data and use it for research and development and marketing across industry sectors. The Exaone 2.0 is the first upgrade of the AI language model that launched in December 2021. It understands both language and images simultaneously to generate image-to-text and vice versa. The latest hyper AI has learned about 45
Technology July 19, 2023
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[KH Explains] Entrapment in the 'Kakao Kingdom'
Lee Yu-jin, a 34-year-old office worker who has gone on parental leave, thought about deleting her KakaoTalk account, as she wanted to disconnect from co-workers and acquaintances during her temporary break. But she could not get away from the messaging app, as it has become a crucial conversational tool among moms in her son’s kindergarten. Since its introduction as a free mobile messenger in March 2010 under its vision to “connect everything,” KakaoTalk has quickly dominated
Technology July 18, 2023
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[Herald Interview] UK firm lures Korean trendsetters with 'transparent phones'
UK smartphone maker Nothing Technology Limited made its Korean debut last week with its second-generation flagship device, Phone 2. In a market dominated by two big names -- Samsung and Apple, the three-year-old company says it is targeting a niche but lively audience here. “We wanted to have a design identity that’s really strong and authentic to Nothing and something that could be recognized two meters away without looking at the (brand) logo because all smartphones look more the s
Technology July 16, 2023
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[From the Scene] KT to boost mining safety with digital solutions
YEONGWOL, Gangwon Province -- In a push toward digital transformation, South Korean telecommunications giant KT Corp. has launched communication-based digital solutions to help improve worker safety in mines. Jointly developed with Almonty Korea Tungsten Corp., the Korean office of a Canadian mining firm, the LTE-based communication infrastructure has been deployed at Sangdong Mine, in Yeongwol-gun, Gangwon Province. The KT-Almonty "mine safety DX" solution is composed of smart devices
Technology July 11, 2023
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[Herald Interview] Why Korea is a crucial partner for Qualcomm
US chip giant Qualcomm Technologies has made an active push to drive innovation in next-generation growth engine industries in South Korea, with big name companies such as Samsung, LG and Hyundai. It looks to continue the journey through closer partnerships with key industry players here, according to a Qualcomm executive. “Building on more than 30 years of our close collaborations, Qualcomm is committed to driving continued innovation in Korea. We are excited to continue our journey with
Technology July 11, 2023
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Samsung Electronics to rebound in Q3: analysts
Samsung Electronics, which was predicted to post its worst quarterly earnings in 14 years in the second quarter, will likely hasten its earnings recovery from the third quarter, led by chip production cuts and the early launch of its new foldable smartphone series, analysts said. On Friday’s earnings guidance for the April-June period released by Samsung, it said its operating profit in the period is expected to be 600 billion won ($462 million), down 95.7 percent from a year earlier. As f
Technology July 9, 2023
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Samsung’s new foldable phones to be unveiled on July 26 in Seoul
Samsung Electronics on Thursday sent out invitations to the “Join the Flip Side” unpacking event for its new foldable smartphone series later this month in Seoul, marking the tech giant’s first Galaxy Unpacked on its home turf. Samsung will kick off the summer edition of its unveiling event at Coex, one of South Korea's largest convention and exhibition centers, in Gangnam-gu, southern Seoul, at 8 p.m. on July 26. The event will also be live-streamed on the company’s
Technology July 6, 2023
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[Herald Interview] Snowflake seeks to expand presence in Korea
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
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New public-private alliance formed to boost Korea’s SMR competitiveness
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
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LG Innotek named top supplier for Jaguar Land Rover
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
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