Samsung bets W240b on AI data center cooling

Samsung Electronics said Wednesday it will invest 240 billion won ($171.6 million) to build a new heating, ventilation and air-conditioning production line in Gwangju, as it expands its global HVAC business following its acquisition of FlaktGroup last year. The new line will be built at Samsung’s third campus in Buk-gu, Gwangju, with a total floor area of 21,800 square meters, equivalent to about three soccer fields. Production is scheduled to begin in early 2028, with the facility set to manufa

2026-08-19 14:22:06:00

Oura takes smart ring rivalry to Samsung’s home market

Finnish health technology company Oura is taking on Samsung Electronics in its home market, launching the Oura Ring 5 in South Korea on Aug. 25 with a higher price and a mandatory subscription. The entry sets up a direct contest with Samsung’s Galaxy Ring in a market where smart rings have yet to achieve the mainstream appeal of smartwatches. At a press conference in Seoul on Tuesday, Oura said it will expand its retail presence, customer support and marketing in Korea, which it views as importa

2026-08-18 15:29:29:00

LG, Nvidia target 100,000 hours of humanoid training data

LG Electronics is stepping up its robotics partnership with Nvidia, accelerating efforts to build training data for humanoid robots. Madison Huang, Nvidia's senior director of product marketing for omniverse and robotics and the eldest daughter of Nvidia CEO Jensen Huang, visited LG Electronics' Yangjae research and development campus in southern Seoul on Tuesday to inspect the company's robotics data factory. Her visit came four days after LG Group Chairman Koo Kwang-mo and Jensen Huang signed

2026-08-18 14:39:08:00

LG, SKT, Upstage advance in Korea’s sovereign AI race

LG AI Research, SK Telecom and Upstage have advanced to the next stage of South Korea’s government-backed push to develop a homegrown artificial intelligence foundation model, the Science Ministry said Tuesday. Motif Technologies was the only team eliminated, finishing last among the four contenders in the second stage of the evaluation, which combined benchmark tests, expert reviews and user assessments. The Ministry of Science and ICT said the three remaining teams will receive expanded access

2026-08-18 12:59:57:00

SK rally rewrites Chey’s W944b settlement calculus

SK Group Chair Chey Tae-won’s latest divorce appeal has reopened two questions: How much further could his 944 billion won ($668 million) property division award fall, and how much of his SK Inc. stake he may need to tap to pay it? Chey appealed Friday against the Seoul High Court’s July 24 ruling in his divorce case with Roh Soh-yeong, director of Art Center Nabi, sending the dispute back to the Supreme Court. On remand, the high court ordered Chey to pay 944 billion won in cash, down 436.8 bil

2026-08-17 14:13:46:00

Nvidia CEO's daughter to visit LG factory for robotics talks

Madison Huang, the eldest daughter of Nvidia CEO Jensen Huang and the chipmaker’s senior director of product marketing for omniverse and robotics, will visit LG Electronics’ humanoid robot data factory in Seoul on Tuesday for talks on robotics cooperation, industry sources said Monday. Madison Huang is expected to meet senior LG Electronics officials behind closed doors at the company’s research and development campus in Yangjae, southern Seoul, to discuss potential collaboration in humanoid rob

2026-08-17 11:30:22:00

Nearly 3 years on, Korea again delays Google, Apple app payment ruling

South Korea’s media regulator has delayed a final decision on sanctions against Google and Apple over in-app payment practices it says violated Korean law, nearly three years after the penalties were first proposed. The Korea Media and Communications Commission said Wednesday it heard arguments from both companies at a plenary meeting but deferred a decision pending further deliberation. The regulator found that Google and Apple effectively restricted developers to designated payment methods whi

2026-08-13 14:03:09:00

SK hynix effectively becomes Kioxia’s top shareholder

SK hynix has effectively secured the position of the largest shareholder in Japanese NAND flash maker Kioxia Holdings after a special-purpose company it invested in overtook Toshiba as the chipmaker’s top shareholder. According to a filing Kioxia submitted to the Tokyo Stock Exchange on Monday, Toshiba cut its stake to 14.12 percent, or 77.04 million shares, as of Aug. 3, from 14.48 percent, or 79.03 million shares. BCPE Pangea Cayman2, a Bain Capital-affiliated special-purpose company, meanwhil

2026-08-12 14:34:56:00

Samsung’s AI cash pile fuels special dividend hopes

Samsung Electronics’ swelling artificial intelligence memory profits and cash pile are fueling expectations of its first special dividend in six years, shifting investor attention to how much the tech giant could return under its next shareholder-return program. Park Soon-cheol, Samsung Electronics’ chief financial officer, confirmed during the company’s second-quarter earnings call on July 30 that the board and management were discussing the next program. “We are discussing specific implementat

2026-08-11 14:37:51:00

GS E&C, LS Electric team up on AI data center power systems

GS Engineering & Construction said Monday it is teaming up with LS Electric to strengthen the power infrastructure for its artificial intelligence data center projects. Under a memorandum of understanding, the two companies will establish a supply framework to ensure the timely delivery of key electrical equipment from LS Electric for AI data center projects under development or planned by GS E&C. They will also explore next-generation power solutions. AI data centers require greater power densi

2026-08-10 14:37:06:00