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Automobiles
Mercedes-Benz unveils New E-Class in S.Korea
Mercedes-Benz Korea on Friday unveiled the 11th generation of its fully redesigned mid-sized The New E-Class sedan in South Korea.This latest iterat...
Jan 19, 2024 (Gmt+09:00)
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Artificial intelligence
Kakao’s multimodal LLM Honeybee: Korea’s answer to Gemini, GPT-4
Kakao Corp., South Korea’s top mobile platform operator, said on Friday it has developed a multimodal large language model (MLLM) with the lat...
Jan 19, 2024 (Gmt+09:00)
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Korean chipmakers
Gaonchips opens corporation in Silicon Valley
South Korea’s Gaonchips Co. announced on Friday that it opened its new overseas corporation Gaonchips America Inc. in Silicon Valley, the US...
Jan 19, 2024 (Gmt+09:00)
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Travel & Leisure
MyRealTrip attracts $57 mn investment
South Korea's travel app MyRealTrip announced on Friday that it has attracted 75.6 billion won ($56.55 million) investment from domestic and foreign...
Jan 19, 2024 (Gmt+09:00)
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Corporate restructuring
Naver, Com2uS slash workforce to downsize new businesses
South Korea’s leading online platforms and gaming publishers such as Naver Corp., Com2uS Corp. and Kakao Corp. have joined global Big Tech com...
Jan 18, 2024 (Gmt+09:00)
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Artificial intelligence
Korean startup Moreh tops global large language model test
South Korean artificial intelligence tech startup Moreh Inc. said on Thursday that its large language model (LLM) topped a performance assessment by...
Jan 18, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung AI features on 100 mn Galaxy phones by year-end: mobile chief
SAN JOSE, Calif. – Samsung Electronics Co., said on Wednesday it aims to have at least 100 million units of its flagship Galaxy line of smartp...
Jan 18, 2024 (Gmt+09:00)
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Electronics
LG unveils new air conditioner with AI smart care
LG Electronics Inc. on Thursday announced that it released 2024 LG Whisen Objet Collection Tower air conditioner, which features an artificial intel...
Jan 18, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Korean cosmetics makers' profits soar as niche brands grow
Kolmar Korea Co. and Cosmax Inc., South Korea’s leading cosmetics suppliers to multinational conglomerates like L'Oréal S.A., are enjoy...
Jan 18, 2024 (Gmt+09:00)
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Electronics
Samsung Galaxy S24 heralds dawning of AI smartphone era
SAN JOSE, Calif. – Samsung Electronics Co. on Wednesday unveiled its latest flagship smartphone Galaxy S24 series, which it calls an “AI...
Jan 18, 2024 (Gmt+09:00)
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Korean startups
Korean learning platform Elice raises $14.9mn from Vertex
Elice Inc., a South Korean startup offering an all-in-one digital learning platform for teachers and corporations, will transform into an artificial...
Jan 17, 2024 (Gmt+09:00)
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ESG bonds
Steel giant POSCO raises $500 mn in 3-year green bonds
POSCO raised $5 million in three-year green bond sales on Jan. 16 to invest the proceeds in domestic facilities, the largest steelmaker in South Kor...
Jan 17, 2024 (Gmt+09:00)
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Artificial intelligence
SK Telecom to enter AI pet diagnostic market in US
South Korea’s SK Telecom Co. announced on Wednesday that it has signed with the US-based veterinary diagnostic radiology firm Vetology to laun...
Jan 17, 2024 (Gmt+09:00)
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Future mobility
Hyundai Motor to launch advanced vehicle platform R&D division
South Korea’s top automaker Hyundai Motor Group will launch an advanced vehicle platform (AVP) research and development division, combining it...
Jan 16, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung, LG go head-to-head in AI components market
Samsung Electro-Mechanics Co. and LG Innotek Co., two major South Korean suppliers for Apple iPhones, are going head-to-head in the artificial intel...
Jan 16, 2024 (Gmt+09:00)
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Artificial intelligence
Lunit to supply AI image analysis solutions to Samsung Electronics
South Korean medical AI company Lunit has secured a significant partnership with tech giant Samsung Electronics Co., signing a three-year, $1.86 mil...
Jan 16, 2024 (Gmt+09:00)
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Automobiles
Tata Daewoo triumphs in global market with 40% export surge
South Korea's Tata Daewoo Commercial Vehicle Company (TDCV) achieved remarkable success last year by exporting 40% of its total sales, despite the g...
Jan 16, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung looks to beat Apple with AI phones
With the Galaxy S24, Samsung Electronics Co.'s new flagship smartphone series, searching for real-time information and translation on the phone will...
Jan 16, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Orion to buy control of biotech startup LegoChem for $415 mn
South Korea’s snack and confectionery maker Orion Group has agreed to buy a controlling stake in LegoChem Biosciences Inc., a Korean biotech s...
Jan 15, 2024 (Gmt+09:00)
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Batteries
Samsung SDI to invest in Canada Nickel, new mine in Canada
Samsung SDI Co. has agreed to invest $18.5 million in Canada Nickel Company Inc. to secure steady supplies of nickel and cobalt, key materials for r...
Jan 15, 2024 (Gmt+09:00)
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Metaverse
Hyundai Motor launches 'Hyundai Future Adventure' on Roblox
Hyundai Motor Co. announced on Monday that it will launch a new game "Hyundai Future Adventure" on the popular metaverse platform Roblox, where user...
Jan 15, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
Samsung Electronics expands Tizen OS to AI robot Ballie
South Korea's Samsung Electronics Co. has applied its self-developed Tizen operating system (OS) to the artificial intelligence (AI) robot "Ballie"'...
Jan 15, 2024 (Gmt+09:00)
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Steel
POSCO chair, board under investigation ahead of new CEO selection
Police in Seoul have launched a probe into South Korea’s POSCO Holdings Inc. Chairman and Chief Executive Choi Jeong-woo and the company's boa...
Jan 12, 2024 (Gmt+09:00)
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Artificial intelligence
DeepBrain AI launches deepfake detection solution
South Korean AI startup DeepBrain AI announced on Friday that it released the country's first service-as-a-software (SaaS)-based deepfake detection ...
Jan 12, 2024 (Gmt+09:00)
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Artificial intelligence
Naver unveils reports of Qatar Asian Cup utilizing AI
South Korea's Naver Corp. announced on Friday that it has published AI Scout Report for the Asian Football Confederation (AFC) Asian Cup 2023, which...
Jan 12, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Elec to expand ad-supported streaming service with TV OS
LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to expand its free ad-supported streaming television (FAST) busines...
Jan 12, 2024 (Gmt+09:00)
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Artificial intelligence
SK Networks invests $19 mn in AI startup Upstage
South Korea's SK Networks Co. announced on Friday that it has invested 25 billion won ($19.02 million) in the domestic artificial intelligence (AI...
Jan 12, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
Samsung to double HBM chip production to lead on-device AI chip era
LAS VEGAS – Samsung Electronics Co., the world’s largest memory chipmaker, plans to more than double its high bandwidth memory (HBM) chi...
Jan 12, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
Hyundai, Samsung-backed startups vie for spotlight at CES
LAS VEGAS – At CES, big tech names often take center stage but this is also a dream place for underdogs to become rising stars with unconventi...
Jan 11, 2024 (Gmt+09:00)
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Aerospace & Defense
Boryung, Axiom Space launch joint venture in Korea
Boryung Corp., a South Korean healthcare investment company, said on Thursday it has officially launched a joint venture with Axiom Space, a US comm...
Jan 11, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet