AI centered investment
Scope
Date
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Batteries
Samsung SDI to invest $2 bn to build 2nd US battery plant with Stellantis
Samsung SDI Co. will inject $1.98 billion to build a second battery manufacturing plant in the US jointly with Netherlands-based automaker Stellanti...
Sep 27, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Kakao completes first in-house data center
South Korean tech giant Kakao Corp. has completed construction of its first in-house data center that can store 120,000 computer servers, with its l...
Sep 27, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus invests $7.4 mn in S.Korean edu-tech startup
South Korea’s No. 3 wireless carrier LG Uplus Corp. on Tuesday said it will make an equity investment of some 10 billion won ($7.4 million) in...
Sep 27, 2023 (Gmt+09:00)
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Artificial intelligence
SK Tel launches world’s 1st Korean large language model
SK Telecom Co. on Tuesday announced the official launch of the world’s first Korean large language model (LLM) “A.”, or A Dot, whi...
Sep 26, 2023 (Gmt+09:00)
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Robotics
Samsung C&T invests $11 mn in construction robot venture
South Korean construction and engineering company Samsung C&T Corp. has invested 15 billion won ($11.2 million) in the construction robot startu...
Sep 26, 2023 (Gmt+09:00)
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Artificial intelligence
Rebellions teams up with IBM for ATOM AI chip quality test
Rebellions Inc., a South Korean artificial intelligence chip design startup, said on Monday it has forged a partnership with US tech giant IBM to co...
Sep 25, 2023 (Gmt+09:00)
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Chemical Industry
SKC plans world’s largest biodegradable plastic plant in Vietnam
South Korea’s SKC Ltd., secured an investment registration certificate (IRC) to establish the world’s largest biodegradable plastics m...
Sep 25, 2023 (Gmt+09:00)
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Aerospace & Defense
SK Telecom to commercialize UAM with American partner
South Korea's SK Telecom Co. will launch domestic commercial operations in urban air mobility (UAM) with Joby Aviation, a Santa Cruz, California-b...
Sep 25, 2023 (Gmt+09:00)
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Blockchain
KT provides digital document storage for Shinhan Bank
South Korea's KT Corp announced on Friday the launch of a new digital document storage service at Shinhan Bank, linking with a public electronic doc...
Sep 22, 2023 (Gmt+09:00)
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Artificial intelligence
KT, BI Matrix to develop natural language processing AI
South Korea's KT Corp. is partnering with the intelligent solutions specialist company BI Matrix to develop technology that uses artificial intell...
Sep 22, 2023 (Gmt+09:00)
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Construction
SK Ecoplant to supply AI-based incinerator tech to Malaysia
South Korea's energy, construction and engineering corporation SK Ecoplant on Friday said it signed a contract with Cenviro, Malaysia's largest publ...
Sep 22, 2023 (Gmt+09:00)
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Korean startups
Cultivated meat, carbon capture on center stage at D.Day
Simple Planet, a South Korean biotech startup developing sustainable food technologies, has won this month’s startup pitch day held jointly by...
Sep 22, 2023 (Gmt+09:00)
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Chemical Industry
Unid expands potassium hydroxide plant in Ulsan
OCI Group-affiliated chemical company Unid announced on Thursday that it has completed the expansion of its Ulsan plant after investing 11 billion w...
Sep 21, 2023 (Gmt+09:00)
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Artificial intelligence
Upstage to create interactive chatbot for virtual idols
South Korea’s artificial intelligence (AI) startup Upstage announced on Thursday that it has signed a memorandum of understanding (MOU) with M...
Sep 21, 2023 (Gmt+09:00)
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Construction
Hyundai E&C, Naver Cloud to develop futuristic healthy housing model
South Korea's Hyundai Engineering & Construction (E&C) on Thursday announced its signing of a deal with Naver Cloud on cooperation in the de...
Sep 21, 2023 (Gmt+09:00)
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Artificial intelligence
Naver’s 'Cue:' throws down the gauntlet to MS Bing Chat
Naver Corp., South Korea’s dominant web portal operator, on Wednesday launched a beta service of its new generative artificial intelligence te...
Sep 21, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG CNS, IGIS to collaborate in new biz for digital transformation
South Korea's information and communications technology service provider LG CNS on Wednesday said it will cooperate with the Seoul-based IGIS Asset ...
Sep 21, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver Smart Store's 100 mn won club reaches 45,000 members
Around 45,000 sellers on South Korea's Naver Smart Store as of June raked in annual sales of 100 million won ($72,250) or more, or 7.9% of the overa...
Sep 20, 2023 (Gmt+09:00)
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Retail
Korea’s Lotte Shopping aims to double profit, seek new biz
Lotte Shopping Co., South Korea’s retail giant, aims to double its profit in three years by expanding its Southeast Asian operations and cemen...
Sep 19, 2023 (Gmt+09:00)
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Automobiles
Hyundai Wia finishes EV thermal management test center
South Korea’s No. 2 automotive parts supplier Hyundai Wia Corp. on Tuesday completed construction of a thermal management test center at the c...
Sep 19, 2023 (Gmt+09:00)
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Artificial intelligence
SK Hynix tests new AI hardware on Meta’s generative AI model
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., has unveiled a new memory chip-based device that boo...
Sep 18, 2023 (Gmt+09:00)
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Artificial intelligence
KT to build AI medical R&D innovation zone in Seoul
South Korean wireless carrier KT Corp. will build an innovation valley for medical research and development (R&D) based on artificial intelligen...
Sep 18, 2023 (Gmt+09:00)
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Korean startups
Ready for an AI pastor? Not too distant future in South Korea
Some Christians in South Korea are actively embracing the hottest technology of ChatGPT in their spiritual life, sparking controversy over the role ...
Sep 15, 2023 (Gmt+09:00)
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Corporate strategy
SK Chairman Chey vows to turn Ulsan into green energy, AI hub
Chey Tae-won, chairman of South Korea’s second-largest conglomerate SK Group, has vowed to turn the industrial city of Ulsan, where SK’s...
Sep 15, 2023 (Gmt+09:00)
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Healthcare
Lotte Healthcare to launch AI-based health management platform
South Korea's Lotte Healthcare has entered the digital healthcare market through the launch next week of its personalized healthcare management pl...
Sep 15, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis showcases trailer reverse assistance system in US
South Korea's automotive parts maker Hyundai Mobis is boosting its presence in North America by unveiling technologies tailored for the market such ...
Sep 14, 2023 (Gmt+09:00)
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Chemical Industry
LG Chem opens European CS Center in Germany
South Korea's top chemical company LG Chem Ltd. announced the opening of its European Customer Solution Center (CS Center) in Frankfurt on Wednesday...
Sep 13, 2023 (Gmt+09:00)
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Korean startups
Korea’s fertility startups gain traction with advanced technologies
South Korea’s fertility startups are garnering attention from investors with innovative technologies such as self-testing of ovarian health, s...
Sep 12, 2023 (Gmt+09:00)
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Artificial intelligence
GenAI startup Wrtn’s cumulative subscribers exceed 1 million
South Korean generative AI startup Wrtn Technologies announced on Tuesday that it has surpassed one million cumulative subscribers to its service.Wr...
Sep 12, 2023 (Gmt+09:00)
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Artificial intelligence
Naver, Hotel Shilla to collaborate for AI and cloud
South Korean leading luxury hotel and retail operator Hotel Shilla has entered into a strategic partnership with internet giant Naver Corp. The coll...
Sep 12, 2023 (Gmt+09:00)
Latest News
- 1 Jollibee to buy chicken chain Norang Tongdak amid K-food frenzy
- 2 Micron set to supply SOCAMM chips to Nvidia ahead of Samsung, SK Hynix
- 3 POSCO Future M breaks with China in cathode supply chain
- 4 GIC resumes Seoul Finance Center sale in potential megadeal
- 5 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula