Most Popular
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Can Korea break away from apartment fixation?
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Assembly clash looms as opposition pushes vote on W4tr budget cut
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BTS members dominate charts, award shows despite military service
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[Reporter’s Notebook] Inside Korea’s diplomatic failure at Japan’s memorial ceremony
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Hyundai-Kia may face 19% profit loss from US tariffs: report
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[Herald Interview] Director of 'Jeongnyeon: The Star is Born' discusses bringing together viewers across ages, genders
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(G)I-dle confirms full-unit contract renewal at MMA
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Does cross atop Christmas tree at Seoul Plaza reflect religious bias?
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Russian defense chief leaves North Korea after high-level talks
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Samsung challenges LG in home appliance subscription market
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Samsung CEO calls for unrivaled technological leadership
Samsung Electronics Vice Chairman and co-CEO Han Jong-hee told employees Friday to fully commit to strengthening their key technological leadership to secure uncompromising quality competitiveness. “Without change, neither innovation nor growth is possible," he said during a joint commemorative speech delivered at the tech giant’s 55th anniversary celebration in Suwon, Gyeonggi Province. “Let’s proactively secure technologies that do not yet exist in the world, techn
Nov. 1, 2024
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Samsung vows to boost AI chip sales after earnings miss
Samsung Electronics said Thursday it will focus on producing high-value chips and is ready to supply the cutting-edge AI chips high in demand after announcing disappointing quarterly earnings. The company also hinted it is making strides to supply its cutting-edge HBM3E chips to Nvidia, which controls some 80 percent of the world's AI chips, and said it aims to mass produce the next HBM4 in the second half of next year. “There was a delay in commercializing HBM3E chips, but we have ma
Oct. 31, 2024
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Mobile carriers raise severance pay to slim down workforce
Mobile carriers are strengthening their severance packages to encourage early retirement amid efforts to renew their business portfolio and restructure stagnant workforce. Kicking off voluntary redundancy, KT Corp., the country's second-largest telecommunication company, recently raised the maximum severance pay for voluntary redundancy, from 330 million won ($238,000) to 430 million won. Earlier this month, the mobile carrier decided to establish two new affiliates, KT OSP and KT P&M,
Oct. 30, 2024
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TGS seeks to expand e-commerce presence in Philippines
South Korean retail and finance company TGS Holdings announced Tuesday that it has signed a memorandum of understanding with Philippines-based Glyphstudios to expand e-commerce and mobile payment services in the Southeast Asian market. As part of the agreement, TGS Holdings will launch a subsidiary called Woori Ventures Group to oversee its e-commerce operations in the Philippines. This deal, finalized last Wednesday with one of the Philippines’ largest mobile services and content provider
Oct. 30, 2024
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Leadership reshuffle looms as Samsung struggles to remain atop
Samsung Electronics, facing challenges from its smaller rivals, is expected to carry out a major personnel reshuffle later this year, according to industry sources Monday. The world’s largest maker of memory chips and smartphones has been battling growing competition at home and abroad. When it comes to artificial intelligence chips, for instance, it has been outpaced by its crosstown rival SK hynix, as it failed to secure an earlier edge. “Samsung’s losses in HBM and foundry a
Oct. 28, 2024
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SK chief assumes leadership of APEC CEO Summit
SK Group Chairman Chey Tae-won, who doubles as chair of the Korea Chamber of Commerce and Industry, will preside over the Asia-Pacific Economic Cooperation Summit, the largest gathering of business leaders in the region which is to be held next year in Korea, the business lobby said Sunday, upon the launch of the preparatory committee of the upcoming event. The APEC CEO Summit will be held on the sidelines of the annual APEC Summit, where 21 heads of state and some 1,000 businesspeople join. Gye
Oct. 27, 2024
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[Contribution] Future-oriented partnership between Korea, Singapore
By Lee Seong-woo, Vice president of Korea Chamber of Commerce and Industry Living up to its reputation as a “small but mighty” country, Singapore has been an economic hub of Asia and is home to the Asian headquarters of many global companies. Its business-friendly investment environment, talented workforce and strategic location have made it a center of the Asian economy. The government of Singapore offers nondiscriminatory investment incentives to both local and foreign companies,
Oct. 24, 2024
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Samsung mobile chief upbeat on Galaxy S24 sales
Samsung Electronics's mobile business chief Roh Tae-moon has pinned high hopes on the latest flagship Galaxy S24 series to drive up the company's smartphone business this year overall. Speaking to the employees in a regular town hall meeting on Wednesday, Roh reiterated the company's goal of creating an "ecosystem of Galaxy AI" to introduce the artificial intelligence model to all of its mobile devices, according to industry sources. "Galaxy has led the way into the
Oct. 24, 2024
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SK hynix reports earnings surprise in Q3 on AI chip boom
SK hynix, the world’s second-largest memory chip maker by revenue, said Thursday it logged all-time high profit, sales and net income in the July-September period this year, riding on the robust demand for its artificial intelligence chips. The company reported a quarterly operating profit of 7.03 trillion won ($5.1 billion), compared with a loss of 1.79 trillion won a year ago. The figure is higher than the consensus of 6.76 trillion won by local analysts provided by market intelligence F
Oct. 24, 2024
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LG Electronics unveils 2030 vision to boost corporate value
LG Electronics on Tuesday announced a mid-to-long-term plan to boost the company’s corporate value, with a goal to achieve sales of 100 trillion won ($72.6 billion) by 2030. The new announcement comes about two months after it said it would participate in the government’s Value-up Program, being the first to do so among the country’s top 10 conglomerates. In a regulatory filing, the home appliance giant reiterated its Triple 7 goal, under which the company aims to see a 7 perce
Oct. 22, 2024
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SKT launches web version of AI assistant A.
SK Telecom, South Korea’s largest wireless carrier by membership, launched the web version of its multi-agent large language model service A. on Tuesday. A. was first introduced as a mobile application, as a personal AI assistant supporting users in managing their daily routines with essential functions including calendar, tasks and routine checkers. Now the AI service is accessible on various PC browsers, such as Chrome and Safari on PCs and tablet PCS, allowing users to use the service o
Oct. 22, 2024
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Kumho Tire launches digital twin system in R&D push
South Korean tiremaker Kumho Tire announced Tuesday that it has officially launched its tire digital twin system, marking a major step in the company’s efforts to digitalize its tire development process. Shifting from traditional physical testing to virtual tire development, Kumho Tire said the new system enables the automatic design of multiple tire versions using digital data and big data-based performance predictions. With the help of artificial intelligence, the system then selects the
Oct. 22, 2024
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Kakao’s AI service Kanana aims for ‘next KakaoTalk’
South Korean IT giant Kakao on Tuesday unveiled its new conversational artificial intelligence service Kanana at the annual developers conference dubbed "if kakaoAI 2024." “Kakao’s key competitive advantage lies in connecting relationships and in the era of generative AI. We aim to offer hyper-personalized AI services that consider individuals’ context and emotions in various relationships and conversations,” CEO Chung Shin-a said in her keynote speech at the ev
Oct. 22, 2024
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SK hynix CEO visits Europe to explore chip partnerships
SK hynix CEO Kwak Noh-jung recently traveled to Europe to explore future chip technologies, meeting with key officials of the Interuniversity Micro Electronics Center, according to industry sources Monday. During his visit to the IMEC, headquartered in Leuven, Belgium, Kwak met with his counterpart Luc Van den Hove and Max Mirgoli, executive vice president in charge of worldwide strategic partnerships, at IMEC, among others. “It is fantastic when partnerships are based on friendship and tr
Oct. 21, 2024
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[Herald Interview] Fairfax County seeks to attract Korea’s emerging tech firms
Aiming to reinforce its reputation as the “Silicon Valley of the East,” Fairfax County, located near Washington, DC in the US state of Virginia, is seeking to bring in more Korean tech firms specializing in emerging technologies such as quantum computing, artificial intelligence and aerospace, David Kelley, the vice president of the Fairfax County Economic Development Authority, said. "Fairfax County likes to pride itself on innovation, and especially innovation around emerging
Oct. 21, 2024
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Naver’s AI research recognized at global natural language processing conference
South Korean internet giant Naver announced Friday that a number of its research papers have been accepted at the annual Empirical Methods in Natural Language Processing, one of the world’s leading natural language processing conferences, amidst the company’s ongoing efforts to advance AI-driven technologies. “We are proud to see our search technology being acknowledged on the global stage,” said Kim Kwang-hyun, head of Naver’s Search and Data Platform Division. &ld
Oct. 18, 2024
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Samsung Display showcases latest OLED at Ferrari Finali Mondiali
Samsung Display has joined the Ferrari Finali Mondiali, the iconic closing event of the Ferrari Challenge Trofeo Pirelli to showcase its high-quality organic light-emitting diode panels including the foldable models, the company said Friday. During the event held Oct. 17-20 in Enzo and Dino Ferrari International Circuit in Imola, Italy, Samsung is displaying its latest OLED products in a 120-square-meter showroom designed to resemble a modern museum. Among the products are a 34-inch display with
Oct. 18, 2024
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Samsung to launch slimmer foldable phone next week
Samsung Electronics, the world’s largest smartphone maker by shipment, is expected to launch its thinnest foldable phone next week to reinforce its footing in the global foldable smartphone market where Chinese rivals are edging their way up. Releasing a video invitation on Thursday, Samsung said it would introduce a new product on Monday and set the market launch date on Oct. 25. While the smartphone maker did not reveal what the product will be, it gave away a hint in the video showing o
Oct. 17, 2024
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Samsung to debut advanced DRAM chip for AI next year
Samsung Electronics, the world's largest memory chip maker, said Thursday it has developed the industry’s first 24-gigabit GDDR7 DRAM, set for a market debut early next year. Compared to the previous 16Gb GDDR7 DRAM, the new chip has improved capacity, performance and power efficiency, the company said. Samsung applied 12 nanometer-class processing technology to increase cell density within the same package size, achieving a 50 percent increase in capacity compared to the predecessor.
Oct. 17, 2024
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ASML's lukewarm outlook pulls down Samsung, SK shares
Shares of Korean chipmakers fell on Wednesday in a bearish market as major chip-related stocks worldwide declined following a gloomy 2025 forecast from semiconductor bellwether ASML. ASML, a Dutch company that makes the world’s most advanced chip-making equipment, reported its booking was half the orders the market expected in its quarterly earnings, and saw its shares plunge 16 percent to close at 668.10 euros ($727) in Amsterdam. Other chip stocks also declined, with Nvidia falling 4.5 p
Oct. 16, 2024