Most Popular
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Yoon sorry for shortcomings but insists policies were right
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1 in 3 Koreans live alone, family types becoming diverse
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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US 'incredibly concerned' about suspected NK-Iran military ties
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Korean won weakens amid heightened uncertainty
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Sewol victims commemorated on tragedy's 10th anniversary
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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Chanel, Louis Vuitton see muted growth in Korea
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K-pop singer lost consciousness after being hit by foul ball, cancels show
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Conservative bloc divided over Han’s role in election defeat
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Tech firms to unveil AI innovations at MWC
With the opening of the world’s largest mobile tech show just a day away, South Korea’s major telecommunications firms SK Telecom and KT Corp., and Samsung Electronics, are poised to showcase their latest artificial intelligence technologies and services. Samsung said Sunday it would unveil the Galaxy Ring, the tech giant’s first wearable health tracker in the form of a ring, for the first time at the annual Mobile World Congress in Barcelona, Spain, following its teaser at the
Feb. 25, 2024
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Resignations at Google Cloud Korea spark concern
Resignations continue at Google Cloud Korea as three chiefs so far have left their posts in the four years after serving as short as 10 months amid its grappling market share, according to industry sources on Sunday. As Kang Hyoung-jun, managing director of Google Cloud Korea, who took office in April and left the company last week, Google Cloud reportedly named Chi Ki-sung, head of SAP practice at its Asia-Pacific office as the next chief, the sources said. A Google Cloud official confirmed Kan
Feb. 25, 2024
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Tech rivals eye big VR bets despite mixed reviews of Apple’s Vision Pro
Less than a month has passed since the high-profile debut of Apple Vision Pro, the most advanced augmented reality headset in the market. Despite mixed reviews, Apple's rivals seem keen to make a similar entry into the brand-new segment. Dazzling demonstrations of the Apple Vision Pro made it look like a game changer, allowing the user to pop up their computer screens in the air, and control it with their fingertips and by moving their eyes around. But some users have been seen returning th
Feb. 23, 2024
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Samsung, LG maintain TV leadership amid Chinese rush
Korean TV makers Samsung Electronics and LG Electronics cemented their leadership in the global premium TV market in 2023, but they have been warned to gear up for Chinese rivals flooding the market with cheaper products. In the premium sector for TVs priced at higher than $2,500, Korean manufacturers saw notable growth, together taking 79.6 percent of the market share by revenue, according to market tracker Omdia on Thursday. Holding an edge in manufacturing technology for the higher-end TVs, t
Feb. 22, 2024
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Samsung Galaxy smart band Fit3 to hit shelves
Samsung Electronics said Thursday that it would launch a new fitness band globally, more than three years after unveiling its predecessor in October 2020. The Galaxy Fit3 is designed with an aluminum body and a 1.6-inch display, which is 45 percent wider than the previous model, the Galaxy Fit2, making it easier for users to check detailed health insights on the wearable device. The device provides health monitoring features for over 100 types of exercises, sleep and stress levels. The most nota
Feb. 22, 2024
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[Photo News] Naver at Saudi tech show
Naver said Wednesday it is set to participate in the upcoming Leading Edge Arab Platforms exhibition, affectionately called the Saudi Arabian version of the CES, the world's largest tech show. Naver will join at the invitation of Saudi Arabian Communications and Information Technology Minister Abdullah Alswaha, who visited Naver's second headquarters 1784 in October. Under the theme of "Global Tech Convergence Company," the IT giant will set up an exhibition booth and boast t
Feb. 21, 2024
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Samsung, UK's Arm team up to produce advanced AI chips
Samsung Foundry, Samsung Electronics' chip manufacturing arm, is teaming up with the UK's Arm to adopt the firm's design assets for Samsung's most advanced chip-making process technology, Gate-All-Around, which aims to boost the company's edge in the global AI chip sector. Samsung Foundry announced Wednesday that it will deliver the next generation Arm Cortex™-X CPU optimized on its cutting-edge Gaa process technology. The collaboration between the two companies is
Feb. 21, 2024
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Samsung chief's return to board pushed back as trial continues
More than a year has passed since Samsung Electronics Chairman Lee Jae-yong ascended to the company's top seat in 2022, but his board membership continues to hang in the balance amid an ongoing legal dispute. Samsung Electronics held a board of directors meeting Tuesday and fixed the date of the upcoming general shareholders meetings for March 20. During the meeting, the members also appointed Shin Je-yoon, former Financial Services Commission chairman, and Cho Hye-kyung, an applied artific
Feb. 20, 2024
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LG Innotek develops new camera module for self-driving cars
LG Innotek said Tuesday it has developed a cutting-edge direct-heating camera module designed for autonomous vehicles, which can quickly remove frost and snow from the lens. The latest module is an optimized version of the Advanced Driver Assistance Systems cameras, equipped with a heater to promote safe autonomous driving, especially during extremely cold weather conditions. An increasing number of automakers consider direct-heating cameras essential products for ensuring safe driving, as obstr
Feb. 20, 2024
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SK Telecom, NTT Docomo unveil white paper on vRAN
SK Telecom said Tuesday that it has jointly released a technical white paper with Japan's No. 1 mobile operator, NTT Docomo, for the adoption of the virtualized Radio Access Network. The joint white paper, titled “Key Considerations for vRAN,” marks two years of cooperation on the metaverse, mobile network infrastructure and media business since the two companies signed a memorandum of understanding in November 2022. VRAN, a technology that incorporates various network functions
Feb. 20, 2024
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Samsung’s foldable display boasts US military-grade durability
Samsung Display on Monday said its foldable panel for smartphones has passed the US military’s material durability test, proving its strength in withstanding the harsh conditions of operational and combat zones. According to the display maker, its 7-inch foldable panel used in the latest foldable smartphones passed the MIL-STD 810G test, which is the US Department of Defense's military standard. First developed as a certification for equipment and materials for military applications,
Feb. 19, 2024
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Daewoong completes AI-based drug development system
South Korean pharmaceutical giant Daewoong Pharmaceutical said Monday that it has completed a new drug development system that secures drug candidates based on artificial intelligence technology. It created a collection of 800 million preprocessed molecular models, called Daewoong Advanced Virtual Database, or DAVID, and a separate AI system, called Daewoong AI System, or DAVIS, to nurture new drug candidates throughout the preclinical, clinical and commercialization phases. Daewoong said the ex
Feb. 19, 2024
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Korean telcos to show off latest AI tech at MWC
Korea’s leading telecommunication firms are to showcase their latest artificial intelligence technologies and services at the upcoming MWC Barcelona 2024, the world’s largest connectivity show slated for next week in Spain. The country’s top two mobile carriers SK Telecom and KT revealed their plans Sunday to set up showrooms at this year's event running from Feb. 26 to 29, with exhibitions mainly focused on AI and next-generation 5G and 6G connectivity. LG Uplus, Korea
Feb. 18, 2024
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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
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
Feb. 15, 2024
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Activist funds demand W1tr Samsung C&T payout
A tense faceoff between shareholders and Samsung C&T management is expected, as five foreign activist funds have teamed up to demand the Korean firm return its profit to shareholders through dividends and a share buyback program that would amount to some 1.2 trillion won ($900 million). In a regulatory filing on Thursday, Samsung C&T reported it has submitted the proposal made by the five activist funds, which includes City of London Investment, for a vote at the upcoming regular shareholders me
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
Feb. 14, 2024
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SK chief headed to Germany, Spain to bolster ties
SK Group Chairman Chey Tae-won is expected to travel to Germany next week, joining an economic delegation as the head of the Korea Chamber of Commerce and Industry, according to industry sources, Tuesday. Chey will be traveling to Berlin on Feb. 19 to take part in various business forums and gatherings, where business and government officials from Korea and Germany are expected to discuss strengthening collaborative efforts. Chey is also expected to travel to Barcelona, Spain, to attend a globa
Feb. 13, 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
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
Feb. 13, 2024