Samsung Electro-Mechanics to benefit as COVID-19 slams competitors
Samsung Electro-Mechanics is expected to benefit as the COVID-19 has hit its competitors in the global multi-layer ceramic capacitor (MLCC) market.T...
3i's AI technology creates digital twins using smartphone photos
Innovating industrial plants is often a difficult decision-making process for companies because changing a single piece of equipment requires a thor...
AI edtech startup KidsLoop joins unicorn club
Artificial intelligence-based education is similar to self-driving cars, which select the optimal transportation routes for their drivers, according...
Korea electronics, auto sectors hit by triple whammy
South Korea's electronics and auto industries, the two main pillars of Asia’s fourth-largest economy, are losing growth momentum. Demand is sl...
S.Korean firms start training AI professionals to address talent shortage
South Korea’s major business groups have started to foster their own talents in the field of artificial intelligence (AI) to address the widen...
AI startup Moloco raises near $150 million
Silicon Valley-based artificial intelligence startup Moloco Inc. has raised around 173.4 billion won ($148.1 million) in a recent funding round led ...
S.Korean telcos accelerate diversification amid strong Q2
South Korea’s two largest telecom companies, SK Telecom Co. and KT Corp., have both delivered strong second-quarter results driven by rapid gr...
AI startup Return Zero transforms phone calls into texts
South Korea-based startup Return Zero is enhancing the quality of life for people through its voice recognition app, Vito, which provides phone call...
Yanolja CIO says its AI vision played key role in SoftBank investment
Korean travel startup Yanolja’s Chief Investment Officer said that artificial intelligence (AI) was the keyword that played a decisive role in...
Korea's sole AI chip designer takes on automotive chip market
South Korea-based semiconductor intellectual property provider Openedges Technology Inc. has come into the limelight with global automaker Hyundai M...
AI startup DevUnlimit gamifies home fitness to offer stress-free exercise
South Korea-based fitness content startup DevUnlimit Inc. has developed an artificial intelligence-based fitness platform that gamifies exercise rou...
4by4's AI solution for high-def video content lures metaverse players
Displays are everywhere – refrigerators, automobiles, and even robots. And this display boom has sparked a fresh opportunity for 4by4 Inc., a ...
Top industry talents launch AI chip startup; market takes note
South Korea-based artificial intelligence (AI) startup Rebellions Inc. is drawing industry attention as AI chips become mainstays of the semiconduct...
Qraft's AI-powered ETFs wow Wall Street with winning stock picks
South Korea-based fintech startup Qraft Technologies Inc. captured the attention of Wall Street in May 2019, when it listed two artificial intellige...
Neosapience develops AI voice actors that sound like humans, not robots
In February 2020, a South Korean broadcasting network aired a virtual reality (VR) reunion between a grieving mother and her late daughter. The docu...
Naver says it's constructing world’s first robot-friendly building
The world’s first “robot-friendly” building will complete construction in the second half of this year by South Korea’s tech...
Hyundai innovates EV manufacturing with smart factory system
South Korea’s top carmaker Hyundai Motor Co. is making innovations in its electric vehicle manufacturing processes. The company on July 1 reve...
Atlas Labs makes it easy to transcribe phone calls via AI technology
South Korean startup Atlas Labs is making it easier for people to keep track of their phone conversations via Switch, an app that uses artificial in...
AI startup Voyager X raises over $25 mn in Series A funding round
South Korea-based artificial intelligence startup Voyager X Inc. has successfully raised around 30 billion won ($26.4 million) in a Series A funding...
AI edtech startup Buzzvil readies for 2022 listing; hires IPO manager
South Korea-based artificial intelligence startup Buzzvil is preparing to make a trading debut on the country’s junior bourse Kosdaq in the th...
Lotte vs Shinsegae: eBay Korea becomes battleground for retail showdown
The tussle over the acquisition of eBay Korea is now down to two heavyweight contenders. South Korea’s retail titans Lotte Group and Shinsegae...
Kakao's fresh e-commerce strategy puts Naver, Coupang on guard
South Korea’s mobile platform Kakao Corp. is set to shake up the country's e-commerce market in the second half of the year with the launch of...
Shopping app Ably raises another $55 mn
South Korea-based Ably Co., operator of the fashion app Ably, announced on Jun. 2 that it has raised 62 billion won ($55.7 million) in a Series B ex...
AI chip startup FuriosaAI wraps up $70 mn Series B round
South Korea-based artificial intelligence startup FuriosaAI has recently wrapped up an 80 billion won ($72.1 million) Series B round, attracting inv...
Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health
Samsung Electronics Co. and Germany’s pharmaceutical giant Bayer AG have made a joint investment in the Berlin-based artificial intelligence (...
AI-based startup Riiid raises $175 mn from SoftBank
Artificial intelligence-based learning platform Riiid Inc. has raised $175 million from SoftBank Vision Fund 2, the South Korean company said on May...
Hyundai CE, Amazon develop AI-based equipment diagnosis technology
Hyundai Construction Equipment Co. (Hyundai CE), an affiliate of Hyundai Heavy Industries Holdings Co., said on May 17 that it has jointly developed...
LG Group to invest $106 mn in advanced AI tech development
South Korea’s LG Group will spend about 120 billion won ($106 million) over the next three years to establish a massive high-performance compu...
Riiid makes list of world's 100 most promising AI firms
South Korea-based startup Riiid Inc. has been named to the annual AI 100 list issued by global market research firm CB Insights. The AI 100 is a lis...
Chips, EV and AI lead Korean firms' 2020 R&D spending
Semiconductor chips, electric vehicles and artificial intelligence (AI) drove the top 100 South Korean companies' spending on research and developme...
