Jensen Huang sends Korean market on wild ride

Nvidia CEO's comments move share prices for Samsung, SK, Hyundai It is fair to say that the star of recently concluded CES 2025 was none other than Nvidia CEO Jensen Huang, with every word the tycoon uttered moving stock prices up or down. His comments on Nvidia’s partners, semiconductors and quantum computing sent ripples through the market, causing fluctuations in the share prices of major industry players, including Samsung Electronics, SK hynix, Hyundai Motor and firms engaged in quantum com

Jan. 14, 2025

[Photo News] Galaxy ring grows

Samsung Electronics said Tuesday it will release two new sizes of the artificial intelligence-powered Galaxy Ring in Korea on Jan. 24. With the new sizes -- 14 and 15 -- the Galaxy Ring will be available in in sizes 5 to 15 in titanium black, titanium silver and titanium gold. The price is set at 499,400 won ($342). The device helps users manage their health 24/7, while also providing measured health information and wellness tips through the Samsung Health application. It is scheduled to launch

Jan. 14, 2025

Biden gov't unveils more controls on AI chip exports; no curbs for S. Korea, other allies

The Biden administration on Monday announced new restrictions on artificial intelligence chip exports in its last move to block the flow of advanced technologies into China, Russia and other "countries of concern" on national security grounds. Just a week before its term ends, the administration released an interim final rule, under which no chip sale restrictions will apply to 20 key US allies and partners, including South Korea, while for many other countries, it sets up a cap for the amount o

Jan. 13, 2025

Industry Minister reassures US officials in Washington

US lawmakers see South Korea as serving a critical role in the global supply chain and are willing to provide support, Korean Industry Minister Ahn Duk-geun said Monday, sharing his reflection after his visit to Washington last week. "During the trip, I learned that Korea’s industries play a big role in the global supply chain and the ecosystem. I met with foreign commerce chambers and investors after all the incidents, and they are all willing to help," Ahn said in a press briefing with reporte

Jan. 13, 2025

SK hynix poised to outperform Samsung with W8tr Q4 profit

Foreign investors bet big on SK hynix amid surging chip profits Riding high on a surge in demand for AI chips, SK hynix is expected to log an operating profit of over 8 trillion won ($5.43 billion) for the fourth quarter of last year, according to analysts, outperforming its bigger rival Samsung Electronics. This would make SK hynix -- the world’s second-largest memory chipmaker -- the top profit earner among South Korea’s listed firms for the October-December period. The jump in SK hynix’s prof

Jan. 13, 2025

Dabeeo to boost Korea's maritime security with AI-driven satellite tech

Dabeeo, a geospatial information AI technology company, announced Monday that it has been selected to lead the development of a microsatellite utilization system, aimed at bolstering South Korea’s maritime security and disaster response capabilities. The KSIS Data-Based Microsatellite Utilization System project, commissioned by the Korea Aerospace Research Institute’s National Satellite Information Utilization Support Center, will be conducted in partnership with defense company LIG Nex1. Offici

Jan. 13, 2025

Tech giants focus on robotics, AI, Trump at CES 2025

Korean tech leaders take versatile roles from salesman to trade analyst LAS VEGAS -- The world's largest tech show CES 2025 once again highlighted technological advancements that could reshape the future, while also providing Korean tech giants a platform to address looming trade concerns under the incoming US administration. During the four-day event, which kicked off on Jan. 7, Samsung Electronics and LG Electronics focused on demonstrating their latest AI-powered home automation ecosystems an

Jan. 12, 2025

LG Innotek starts mass production of advanced chip substrates as key growth driver

LG Innotek, South Korea’s leading camera module maker, has started the mass production of flip-chip ball-grid array substrates, the high-end chip substrates for servers and data centers, a highly lucrative but competitive field driven by advancements in artificial intelligence. “We started production for a leading North American tech giant and are discussing (new deals) with other global clients,” CEO Moon Hyuk-soo told reporters Thursday on the sidelines of this week’s CES tech show in Las Vega

Jan. 12, 2025

Fairfax County development chief courts Korean innovators at CES

Korea Herald Correspondent LAS VEGAS -- Las Vegas teemed with global innovation at this year's CES trade show, and Victor Hoskins, CEO of the Fairfax County Economic Development Authority, seized the opportunity to deepen ties with Korea, a key partner for his municipality. Fairfax County, Virginia, already hosts over 80 Korean companies, making Korea the country with the largest business presence in the jurisdiction, located just outside Washington, DC. “Our county’s relationship with Korea spa

Jan. 10, 2025

Cars reading minds: Harman ramps up personalized driving experience with AI

Partnership with Samsung key strength in taking on rivals Korea Herald correspondent LAS VEGAS -- Your face is tense and your eyelids droop slightly as you drive to work in the early morning. As drowsiness creeps in, Luna, an AI-powered in-vehicle voice assistant, appears on the heads-up display and asks, "Do you want to stop by a cafe to get a cup of coffee?" You reply, "Sure, I need my latte." Immediately, the Aura Lighting adjusts the interior lights to create a refreshing morning vibe and yo

Jan. 10, 2025

LG CNS eyes industry leadership with W6tr IPO

Buoyed by upbeat earnings, IT solution specialist set to make Kospi debut next month South Korean IT solutions provider LG CNS said Thursday it will use the initial public offering opportunity as a stepping stone to strengthen its digital transformation (DX) technology capabilities, aiming to become a first mover in the global DX market. “The upcoming IPO will mark a new turning point for taking a step forward on the global stage. We hope that a successful listing will provide positive momentum

Jan. 9, 2025

Samsung Electro-Mechanics eyes mass production of solid-state battery in 2026

Samsung Electro-Mechanics, the electronic parts subsidiary of Samsung Electronics, on Thursday announced it will advance its solid-state battery technology for wearable devices, with goals for mass production by next year. At a press conference held on the sidelines of the CES in Las Vegas, Samsung Electro-Mechanics CEO Chang Duk-hyun outlined the company’s new business strategies, including plans for solid-state batteries and glass substrates. “We have secured energy density and capacity charac

Jan. 9, 2025

Samsung Display to mass produce world's first rollable OLED laptop screen for Lenovo

Samsung Display on Thursday announced it will mass produce the world’s first rollable OLED screen for laptops in April. At CES 2025, taking place this week in Las Vegas, the Korean display maker said its groundbreaking display will be featured in Lenovo’s upcoming ThinkBook Plus G6 Rollable laptop, with worldwide sales set to begin June. Lenovo unveiled the new laptop Tuesday at the world's largest tech show, boasting a flexible screen that stretches from a 14-inch, 5:4 aspect ratio to a 16.7-in

Jan. 9, 2025

We develop Nvidia chips faster than demand: SK chief

Chey Tae-won meet with Nvidia CEO to discuss possible collaboration on physical AI Korea Herald Correspondent LAS VEGAS -- SK hynix’s development pace of its popular AI memory chip has surpassed Nvidia’s demands, and their collaboration is going smoothly, SK Group Chairman Chey Tae-won said Wednesday. Hosting a press conference on the sidelines of CES 2025, the world's largest tech show, Chey confirmed that he met with Nvidia founder and CEO Jensen Huang and discussed many issues, including movi

Jan. 9, 2025

LG Electronics has playbook to handle Trump tariffs: CEO

Tech giant renews robotics vision for 'labor-free' home Korea Herald Correspondent LAS VEGAS -- As US President-elect Donald Trump's second term is set to kick off this month, LG Electronics CEO Cho Joon-wan said the company has already came up with a "playbook," a set of response measures to policy changes under different scenarios. "When President Trump assumes office and imposes tariffs or similar measures, we are prepared to adapt. We have our own playbook, that outlines specific methods for

Jan. 9, 2025