Hyundai Card, Visa form global data alliance
South Korea’s Hyundai Card has launched a data analysis business with Visa. Hyundai Card on Monday said it formed a strategic business partner...
Samsung accelerates foray into fastest AI chip market
South Korea’s Samsung Electronics Co. is speeding up its efforts to penetrate deeper into the high bandwidth memory 3 (HBM3) market, an area i...
LG Electronics releases portable speaker XBoom
LG Electronics Inc. announced on Monday the launch of the LG XBoom, a portable party speaker with a built-in battery that delivers powerful sound an...
Heyday over for Amorepacific, LG Household in China’s beauty market
Amorepacific Corp. and LG Household & Health Care Ltd., basking in the global K-beauty boom, reaped handsome profits in China, the world’s...
LG Innotek to spend $1 bn to double Vietnam output capacity
South Korea’s LG Innotek Co., a major camera module supplier for Apple iPhones, is set to invest $1 billion in Vietnam to more than double its...
LG Chem produces single-crystal cathodes; to raise $1.5 bn in bonds
LG Chem Ltd. has begun mass production of high-nickel cathode materials made with a single crystal structure for the first time in South Korea, whic...
LG Elec, SM to launch home fitness app in July
LG Electronics Inc. and SM Entertainment Co. will jointly launch next month a home fitness app nine months after the project was delayed in Septem...
Samsung, LG fuel rivalry in global hospitality TV market
Samsung Electronics Co. and LG Electronics Inc., two leading players in the global hospitality TV market, are extending their rivalry in the premium...
Samsung, LG, Sony vie for mixed-reality OLED display market
Samsung Display Co., LG Display Co. and Sony Corp. — the world’s three leading display panel makers — are ratcheting up efforts to...
AI talent shortage poses threat to Korean AI tech development
Since the advent of the AI-powered chatbot sensation ChatGPT, the battle to win AI talent across companies large and small has intensified, threaten...
LG Energy’s 1st bond issue draws record $3.6 bn in bids
LG Energy Solution Ltd.'s first bond issue was 10 times oversubscribed on Thursday, drawing a record 4.7 trillion won ($3.6 billion) in bids for a S...
KT to invest $5.4 bn by 2027 to develop AI platforms
South Korea’s telecom service provider KT Corp. will spend about 7 trillion won ($5.4 billion) by 2027 to become the country’s largest a...
EU’s new battery act comes with caveats; headache for Samsung, Apple
The European Union’s decision to go greener with batteries that cut carbon emissions and promote recycling comes with a few caveats, posing a ...
Naver’s AI translation app Papago surpasses 10 mn MAU
The global monthly active user (MAU) number of Naver Corp.'s artificial intelligence (AI) translation app, Papago, has surpassed 10 million users, a...
Syntekabio expands to US with local CRO
South Korean artificial intelligence (AI) drugmaker Syntekabio Inc. has partnered up with a US clinical research organization (CRO) to enter the wor...
LG Energy selects 10 promising global startups in battery area
South Korea's battery maker LG Energy Solution Ltd. announced on Tuesday that it will strengthen collaboration with global startups with high growth...
LG to slim down petrochem as Chinese rivals creep up
South Korea’s LG Chem Ltd. is speeding up restructuring efforts to sell or downsize uncompetitive businesses, with an aim to focus on three gr...
Samsung to apply AI, big data tech to entire chipmaking process
Samsung Electronics Co., the world’s largest memory chipmaker, plans to use AI and big data technology in its chipmaking process to enhance pr...
Microsoft defies media report of issues in tie with OpenAI
REDMOND, WASHINGTON – A Microsoft Corp.’s key executive defied a media report that its partnership with OpenAI, the developer of the glo...
Samsung launches collaborative product with illustrator Max Dalton
Samsung Electronics Co. announced on Monday that it has unveiled a special edition of Bespoke Jet Bot AI, collaborative with illustrator Max Dalton,...
LG Chem to sell $1.6 bn stake in LG Energy to foreign investors
South Korea’s leading chemicals company LG Chem Ltd. is slated to secure about 2 trillion won ($1.6 billion) by selling a minority stake in it...
India rises as LG's cash cow under revised S.Korean tax laws
South Korea’s LG Electronics Inc. has received nearly 600 billion won ($470 million) in dividends from its overseas operations in the first qu...
Generative AI startup Wrtn attracts nearly $12 mn in investment
South Korea's advanced tech startup Wrtn Technologies, a major player in generative artificial intelligence (AI), has attracted investment of 15 bil...
S.Korea’s mobile carriers seek future from service robots
South Korea’s mobile carriers are strengthening the service robot business as the sector, combined with their know-how in the telecommunicatio...
Market views turn bullish on Samsung as AI-led chip demand rises
Views on leading memory chipmaker Samsung Electronics Co. are becoming more bullish as the South Korean tech giant is expected to benefit from a ris...
KT's dietary management solution passes AI quality test
A South Korean artificial intelligence (AI) solution that analyzes and presents information on the type and nutritional content of food after a us...
LG, Samsung showcase new battery packs at InterBattery Europe 2023
MUNICH – South Korea’s two leading battery makers – LG Energy Solution Ltd. and Samsung SDI Co. – on Wednesday unveiled low-...
S.Korea's Krafton establishes AI game subsidiary
South Korea's leading game developer Krafton Inc. announced on Wednesday that it has established a new independent studio called ReLU Games.Krafton ...
LG Uplus, Hyundai Elevator to launch AI-based management service
LG Uplus Corp. on Monday said it released Miri View, an artificial intelligence (AI)-based elevator passenger safety system developed with Hyundai E...
Display makers LG, Samsung gear up for OLED gaming monitor boom
South Korea’s two largest panel makers – LG Display Co. and Samsun Display Co. – are bracing for a gaming monitor boom as gamers w...
