Most Popular
-
1
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
-
2
Medical reform committee kicks off despite boycott from doctors
-
3
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
4
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
5
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
6
DP leader says he will meet Yoon without conditions
-
7
Over 9,000 hotline calls made by stalking victims in 2023
-
8
Monthly users on local streaming platforms outpace Netflix, Disney+
-
9
[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
-
10
Seoul to promote luxurious side of the city
-
Samsung’s M&A dealmaker joins revamped think tank
A key mergers and acquisitions dealmaker at Samsung Electronics has recently been relocated to join an in-house think tank, fueling speculation about the tech giant’s long-awaited “mega deals” in chips or other growth driver sectors. According to industry sources on Wednesday, Ahn Joong-hyun, an executive vice president at Samsung’s business support task force, was promoted to president last week to lead a future business division at Samsung Global Research. Ahn, 58,
April 20, 2022
-
KT develops AI-powered tech to restore Lou Gehrig patients’ voices
KT Corp. said Wednesday it has restored the voices of patients who are losing their voices due to Lou Gehrig’s disease using its personalized text-to-speech (P-TTS) technology. Based on a small sample of a patient’s voice recordings, the technology replicates his or her vocal tone and manner of speech using artificial intelligence based on deep learning, the telecom company said. When a patient types a message on KT’s Maeum Talk app, the app reads the message in his or her v
April 20, 2022
-
Samsung Galaxy Quantum 3 to launch in April
Samsung Galaxy Quantum 3, the latest midrange 5G smartphone powered by a chipset with quantum cryptography technology, is poised to start shipping on April 26 in South Korea, domestic mobile carrier SK Telecom said Wednesday. The chipset with quantum random number generators will allow access for smartphone users to security features for digital activities via mobile apps -- ranging from mobile banking to payments, social networks and games -- as well as for external data storage. “The
April 20, 2022
-
LG-Magna JV to build $100m EV parts factory for GM in Mexico
LG Magna e-Powertrain, a joint venture between LG Electronics and Magna International, will build a $100 million plant that manufactures General Motors electric vehicle components, scheduled for completion in 2023, the company announced Wednesday. The 25,000 square-meter factory will produce inverters, motors and on-board chargers to support North America-focused EV production of GM, as GM was tapped to become a foundational customer for the new facility. The plant will be located in Ramos A
April 20, 2022
-
Video showing Ukrainian soldier "saved by" Samsung Galaxy smartphone goes viral
A video indicating that a Ukrainian soldier was saved from gun shots by a Samsung Galaxy smartphone came under the spotlight on Tuesday. Posted on social networking platform Reddit, the video shows the Ukrainian soldier reaching into his pocket to pull out what appears to be a Samsung Galaxy S21 FE or Samsung Galaxy S20. The smartphone has a bullet lodged in it, which appears to have protected the soldier from gun shots. The video didn‘t carry any text that illustrates what really happe
April 19, 2022
-
LG CNS to build AI-powered smart farming platform
LG Group’s IT solutions unit LG CNS said Tuesday that it has joined the government’s new smart farming project to build an artificial intelligence-based platform that offers the ultimate guidelines for more efficient and high-yield farming. The project, launched by the Agriculture Ministry and the local government of South Jeolla Province, aims to create a 543,000 square-meter intelligent farm land in the rural city of Naju, some 355 kilometers south of Seoul, by 2023. Unlike mos
April 19, 2022
-
Samsung offers pickup repair service in Ukraine
Samsung Electronics is offering free pickup and delivery repair service for customers in war-torn Ukraine. According to its Ukraine unit on Tuesday, the Korean tech giant will pick up mobile devices to be repaired for customers living in areas where its service centers cannot be operated, and then deliver the devices to their homes. All of Samsung’s mobile devices, including smartphones, tablets and smartwatches, are subject to the pickup service, with all costs being covered by the com
April 19, 2022
-
Korean researchers develop robotic catheter
South Korean researchers have developed the country’s first robotic catheter system that can be inserted into human organs to perform interventional therapies, the Korea Institute of Machinery and Materials said Monday. A catheter is a thin tube-like medical device that can be inserted in the body to treat diseases or perform surgical procedures. Interventional therapies, which refer to treating surgery-requiring-diseases through non-surgical procedures, have been implemented in a wide r
April 18, 2022
-
ArkData completes disaster recovery system for Kyungpook Univ.
Local data replication solution provider ArkData said Monday that it has successfully completed the development of a disaster recovery system for Kyungpook National University in the southeastern city of Daegu. The project aims to protect the school’s student database and prevent business disruptions caused by data center failures or natural disasters. ArkData, specialized in data replication and integration, provides business continuity planning and disaster recovery solutions. The c
April 18, 2022
-
SK Telecom’s digital remastering technology Supernova going global
SK Telecom’s artificial intelligence-powered digital remastering technology Supernova is going global in a new partnership with France’s Verimatrix, a leading provider of content security solutions, the Korean telecom giant said Monday. Supernova aims to recreate digital content by using AI-powered colorization tool, called DeOldify. The technology has already been widely used in remastering classic content or restoring historic records here. Its smartphone app made its global debu
April 18, 2022
-
[Market Eye] Is Arm M&A still a pipe dream?
Antitrust hurdles brought down a $40 billion deal in February, which would have otherwise allowed graphic processor giant Nvidia to control United Kingdom-based chip design giant Arm. A few months later, there are signs that a consortium of strategic investors is building, joined by South Korea-based memory chip maker SK hynix. The consortium is looking to salvage what was considered the largest deal in the history of the global chip industry. All eyes are on whether the consortium would be a
April 17, 2022
-
Google Korea logs W292b in sales without app store transaction fees
Amid the ongoing controversy over Google’s new in-app payment policy deemed Google Korea posted sales of 292 billion won ($237 million) from last year, up 32.8 percent on-year - but that did not include commission from the Play app store, estimated to be trillions of won. According to the regulatory filing submitted by the Korean arm of the global IT giant on Thursday, Google Korea’s operating profit recorded 29.4 billion won, up 88.4 percent on year, while its net income rose 152.
April 15, 2022
-
Korean startup exports League of Legends AI analysis program
South Korean startup GameEye has signed contracts with five esports teams for them to use Deeplol Pro, the company’s artificial intelligence-based gaming data analysis program, the firm said Friday. The startup signed the deals on Thursday to five undisclosed League of Legends teams, each in Argentina, Brazil, Japan, Korea and the United States. GameEye said it would target more LoL teams in North America, South America, Europe and Asia with the AI-powered service. Deeplol Pro uses the
April 15, 2022
-
Netflix sales jump 52% in Korea
Netflix’s South Korean arm raked in 631.7 billion won ($513 million) in revenue through 2021, up 52 percent from a year prior, a filing showed Friday. The platform’s blockbuster performance in Korea reflects its increasing clout over the streaming service market here, largely thanks to Korean-language hits such as “Squid Game” and “Hellbound.” It also however highlights the “network usage fee” debate in Korean court and parliament. According to
April 15, 2022
-
PTSD treatment mechanism unlocked for 1st time
The Institute of Basic Science has identified the scientific mechanism of post-traumatic stress disorder treatment for the first time in the world through animal experiments, the Ministry of Science and ICT said Thursday. According to the ministry, the researchers used the PTSD treatment NYX-783, which is currently under clinical trials by the US biopharmaceutical company Aptinyx, for animal experiments using mice and discovered the principle of its treatment effects. In doing so, the resear
April 14, 2022
-
SK Telecom buys stake in 3D motion graphics firm in metaverse push
South Korean telecommunications giant SK Telecom said Wednesday it has agreed to buy a stake in Morph Interactive, a Seoul-based three-dimensional motion graphics company, in a move to bolster a strategic partnership for accelerating its metaverse push. The deal terms, such as acquisition cost and the amount of Morph Interactive’s stake, was undisclosed upon the consent of the two companies. Morph Interactive has been dedicated to real-time 3D visual effects on Unity’s game engine
April 13, 2022
-
KT to launch telemedicine pilot in Vietnam by 2022
South Korean telecommunication firm KT said Wednesday it plans to launch a pilot telemedicine platform in Vietnam before the end of this year, with the aim of a soft landing within the next three years. The service will be aimed at monitoring those who are suffering from chronic diseases such as cancer, diabetes and high blood pressure, allowing patients to check their health conditions, medications and workouts, and get access to counseling with Vietnamese medical professionals. Vietnam&lsquo
April 13, 2022
-
S. Korea, Israel to invest $5.3m for robotics development
South Korea and Israel have pledged to invest up to $5.3 million (6.6 billion won) to support the joint development of robotics technology under a new strategic collaboration project named the Lighthouse Program, officials said Tuesday. As a joint research and development project between Seoul and Jerusalem, the Lighthouse Program is a follow-up of the revisions made to the industrial technology agreement between the two countries last year. Both sides agreed to double the annual funding for th
April 12, 2022
-
Samsung hires governance specialist in renewed ESG push
Samsung Electronics has recently hired Daniel Oh, a corporate governance specialist who worked for Institutional Shareholder Services and BlackRock, as an executive vice president at its global investor relations team. According to the tech giant’s business report Monday, Oh, 48, started working at Samsung in February, becoming the No. 2 man on the investor relations team. Oh who studied economics at MIT has more than 19 years of experience in investor relations and corporate governance
April 11, 2022
-
Renowned chip expert nominated as science minister
Science Minister Nominee Lee Jong-ho is a chip engineering scholar who supported, as an adviser, South Korea’s policy endeavor in building its strength in semiconductor industry for years. “I have experienced the semiconductor industry for a long time and I believe it has a great importance. I will try to advance it,” said Lee at the nominee selection announcement Sunday. “But our country has more than just semiconductors. I will look at all industries and listen to va
April 10, 2022