Articles by Jie Ye-eun
Jie Ye-eun
yeeun@heraldcorp.com-
SK-backed Sapeon to develop on-device AI chip
Sapeon, a fabless startup backed by South Korean telecom-to-chip conglomerate SK Group, said Friday it would develop a new semiconductor optimized for on-device artificial intelligence as the market has been witnessing significant growth in recent years. The company said it was selected to get support to develop prototypes for commercializing AI chips with edge AI, IoT and embedded computing firm Advantech Korea under the project dubbed Compass, run by the state-run government research institu
Technology Feb. 16, 2024
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Kakao posts record annual sales of W8.1tr in 2023
Kakao said Thursday it logged all-time high annual sales in 2023 due to increased profitability from its mobile messenger, KakaoTalk. The IT giant reported 8.11 trillion won ($6.08 billion) in sales last year, up 14.1 percent from a year earlier. It marks the first time for the company surpassing the 8 trillion won mark in annual sales. Annual net profit, however, fell 13.5 percent on-year to 501.9 billion won and it shifted to a net loss of 1.5 trillion won, from a net profit of 1.07 trillion w
Technology Feb. 15, 2024
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Race heats up for multifoldable phones
Chinese tech giant Huawei Technologies is reportedly preparing to launch the world’s first triple-foldable smartphone within the second quarter, aiming to challenge the dominance of Samsung Electronics in the global foldable phone market. Huawei has reportedly begun the development of a triple-foldable phone, which includes three display panels alongside two sets of hinge technologies. The device will likely sport an S- or Z-shaped form factor, according to news reports on Wednesday. The
Technology Feb. 14, 2024
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Apple’s market share exceeds 25% for first time in Korea
US tech giant Apple saw its domestic market share exceed 25 percent for the first time in 2023, slightly narrowing the gap with its archrival Samsung Electronics, despite the global economic downturn and decreased demand, a report showed Tuesday. Apple’s share rose 3 percentage points on-year to reach 25 percent in Korea last year, according to the data by market research firm Counterpoint Research, while maintaining the No. 2 spot in the Korean smartphone market. Samsung kept the No. 1
Technology Feb. 13, 2024
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Samsung, Princeton University team up for 6G network tech
Samsung Electronics said Tuesday its California-based research and development unit has partnered with Princeton University to lead innovation in the sixth-generation telecommunications networking system. Samsung Research America has become a founding member of the corporate affiliates program launched by Princeton University, dubbed the NextG Initiative Corporate Affiliates Program, to lead 6G research and development, the tech giant said. The NextG program aims to bring up technologic
Technology Feb. 13, 2024
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[KH Explains] Why Korea’s platform act faces backlash at home, abroad
Skepticism has grown over the platform act, as the nation’s antitrust watchdog hints at a thorough review of the most contentious aspect of the bill: the preliminary designation of “monopolistic” online platform operators. The Fair Trade Commission on Wednesday announced its decision to review the proposed act to explore whether there is an alternative to the ex ante designation that would have similar effects with less impact on the digital services market, before making a fur
Technology Feb. 12, 2024
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Samsung chief inspects battery plant in Malaysia during holidays
Samsung Electronics Chairman Lee Jae-yong last week renewed his will to continue bold investments despite business uncertainties upon his visit to the construction site of a new 1.7 trillion won ($1.2 billion) battery plant in Malaysia. According to the tech giant on Monday, the Samsung chief on Friday visited the Malaysian city of Seremban where Samsung SDI, the battery-making arm of Samsung Group, is building its second plant with its completion set for 2025. Samsung SDI aims to bolster its re
Industry Feb. 12, 2024
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FTC hints at review of anti-monoply platform act
South Korea's antitrust regulator on Wednesday said it would review its proposed act aimed at regulating monopolistic practices by major online platform players before making a further legislation push, as opposition voices grow. “We’re communicating extensively with the (related) industries here and abroad and stakeholders to legislate the platform act. … Rather than making the bill public shortly, it was deemed desirable to further collect opinions from the industry and
Technology Feb. 7, 2024
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Stage X defies skepticism, vows to launch service in H1 next year
Stage X, a consortium comprising Kakao affiliate Stage Five and other unidentified companies, selected as the new operator of the 28 gigahertz band of the fifth-generation network in South Korea, said on Wednesday it would launch a nationwide telecommunications service in the first half of 2025. “We aim to become a new deep-tech telecom company that innovates technology and services,” Seo Sang-won, representative of Stage X, said in a press briefing in Seoul, after the consortium b
Technology Feb. 7, 2024
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SK hynix to increase use of recycled materials to 30% by 2030
SK hynix, the world's second-largest memory chip maker, on Tuesday announced that it would increase its proportion of materials accounted for by recycled materials to over 30 percent by 2030. The target, as part of the company’s carbon neutrality goal, is the first of its kind set by a semiconductor maker. Under the plans, the company aims to first increase recycled material usage to 25 percent by 2025. The company said the target is a part of its plans to implement its carbon neutral
Technology Feb. 6, 2024
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KCC chief reiterates call to abolish handset subsidy ban
Broadcasting watchdog chief said Monday that scrapping the controversial handset subsidy ban can provide "greater benefits" to consumers as the removal would boost competition among mobile carriers to lower smartphone prices to sell more. "The Mobile Device Distribution Improvement Act was legislated in 2014 to resolve excessive competition. As time passed, however, the act limited the local telecom carriers' competition and caused the cost of smartphones to become even more
Industry Feb. 5, 2024
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Merck to pour capital into Korea's AI chip industry
Merck, the science and technology juggernaut based in Germany, will continue to put capital into Korea in line with the growth of the country's semiconductors industry while expanding cooperation with key clients and the world's two largest memory chip producers, Samsung Electronics and SK hynix. The German firm is seeking to leverage its capabilities to supply materials and equipment needed for chip manufacturing as its Korean clients increase their investments into artificial intelli
Technology Feb. 2, 2024
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Naver to rev up generative AI services
After logging all-time high earnings last year, Naver CEO Choi Soo-yeon expressed her determination to strengthen the tech giant's core search platform and commerce services using generative artificial intelligence technology this year. "Based on AI and data, Naver will focus on enhancing competitiveness in key businesses, including search engines and commerce platforms," Choi said during the company’s earnings conference held on Friday. Choi expected that Cue, a generative
Technology Feb. 2, 2024
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Samsung reduces chip deficit in Q4 on DRAM recovery
Samsung Electronics said on Wednesday it narrowed the size of the semiconductor deficit in the October-December period, as a result of its ongoing chip production cut efforts. “As we revised down (the chip output), the chip inventories decreased rapidly in the fourth quarter, especially for DRAM memory chips,” Kim Jae-june, executive vice president in charge of memory marketing strategy, said in the fourth-quarter earnings call. He also said the tech giant will continue cutting its m
Technology Jan. 31, 2024
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US Chamber criticizes Korea's move to pass platform law
The US Chamber of Commerce has openly opposed a proposed act aimed at preventing unfair market activities by major online platform players, voicing concerns over the country’s apparent rush to pass the law. Charles Freeman, senior vice president for Asia at the US Chamber, issued a statement warning Seoul on the push for the rules on Monday and called for transparency and open dialogue with Korea’s antitrust regulator that “an action of this magnitude requires.” "It
Industry Jan. 30, 2024
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