Naver opens Asia’s largest data center for AI, cloud biz

Naver opens Asia’s largest data center for AI, cloud biz

SEJONG – South Korea’s online giant Naver Corp. opened Asia’s largest data center in the country to lead technology innovation and...

Samsung unveils generative AI Gauss, to be integrated in Galaxy S24

Samsung unveils generative AI Gauss, to be integrated in Galaxy S24

Samsung Electronics Co. on Wednesday unveiled its first generative artificial intelligence model, Samsung Gauss, to compete with the likes of ChatGP...

Samsung Electronics hosts AI Forum 2023

Samsung Electronics hosts AI Forum 2023

Samsung Electronics Co. held on Tuesday the Samsung AI Forum 2023 with the theme of "Super AI for a Better Tomorrow" at the Suwon Convention Center ...

Samsung SDI, Volvo Trucks celebrate 5th year of cooperation

Samsung SDI, Volvo Trucks celebrate 5th year of cooperation

South Korea's Samsung SDI Co. and global commercial vehicle manufacturer Volvo Trucks held a commemorative event to discuss the expansion of their p...

Asiana Airlines to sell cargo business for merger with Korean Air

Asiana Airlines to sell cargo business for merger with Korean Air

Asiana Airlines Inc. on Thursday decided to carve out its lucrative cargo business, clearing a major hurdle to its merger with bigger rival Korean A...

Korea exports snap year-long slide as chips regain momentum

Korea exports snap year-long slide as chips regain momentum

South Korean exports rose in October for the first time in 13 months as semiconductors, the country’s top export item, are on course to regain...

Samsung Engineering secures $349 mn bio plant deal

Samsung Engineering secures $349 mn bio plant deal

South Korea's Samsung Engineering secured a deal for the Songdo Bio Raw Material Plant construction project from the global life sciences and labora...

Harman’s record profits prop up Samsung's Q3 earnings

Harman’s record profits prop up Samsung's Q3 earnings

Samsung Electronics Co., the world’s largest memory chip maker, on Tuesday reported a triple-digit quarterly increase in third-quarter profit ...

Samsung to sell certified refurbished Galaxy phones in Korea

Samsung to sell certified refurbished Galaxy phones in Korea

Samsung Electronics Co. plans to sell certified refurbished Galaxy phones in South Korea at prices up to 50% cheaper than brand-new phones, a move e...

Samsung Biologics eyes new drugmaker acquisitions

Samsung Biologics eyes new drugmaker acquisitions

BARCELONA -- Samsung Biologics Co., the world’s top contract manufacturing organization by capacity, is looking for acquisitions of new drugma...

Samsung Group introduces senior outside director system

Samsung Group introduces senior outside director system

Samsung Group has created the position of senior outside director, granted as much authority as the chair of a board of directors, for the first tim...

Samsung Electro-Mechanics sees share price target cut

Samsung Electro-Mechanics sees share price target cut

South Korean brokerages have downgraded their target prices for Samsung Electro-Mechanics, following a significant earnings shock in the third quart...

Hyundai’s record Q3 profit beats Samsung; no EV output cut planned

Hyundai’s record Q3 profit beats Samsung; no EV output cut planned

Hyundai Motor Co. on Thursday posted its highest-ever quarterly operating profit for the July-September period, driven by robust sales of pricey car...

SK Enmove, Hanwha Aerospace to develop ESS for vessels

SK Enmove, Hanwha Aerospace to develop ESS for vessels

South Korea’s lubricating oil maker SK Enmove Co. and defense industry company Hanwha Aerospace Co. will jointly develop energy storage syst...

S.Korean HD Hyundai inks $3.9 bn Qatar LNG tanker deal

S.Korean HD Hyundai inks $3.9 bn Qatar LNG tanker deal

DOHA -- HD Hyundai Heavy Industries Co., the world’s second-largest shipyard, has won a $3.9 billion deal to build 17 liquified natural gas ca...

Samsung Bioepis gets FDA OK for its interchangeable biosimilar

Samsung Bioepis gets FDA OK for its interchangeable biosimilar

Byooviz, a biosimilar of the macular degeneration treatment Lucentis and made by South Korea’s Samsung Bioepis, has received official design...

Samsung Biologics partners with Europe's largest VC

Samsung Biologics partners with Europe's largest VC

Samsung Biologics Co., the world's largest contract drug manufacturer, announced on Tuesday it has teamed up with global biotech venture capitalist ...

Samsung SDI inks first battery supply deal with Hyundai

Samsung SDI inks first battery supply deal with Hyundai

Samsung SDI Co. said on Monday it has signed its first supply agreement with Hyundai Motor Co. to become the South Korean carmaker’s third dom...

Samsung showcases HBM3E DRAM, automotive chips

Samsung showcases HBM3E DRAM, automotive chips

SILICON VALLEY -- Samsung Electronics Co. on Friday showcased a number of new-concept, next-generation DRAM chips, including the industry’s mo...

Pablo Air secures $15.5 mn in pre-IPO investment

Pablo Air secures $15.5 mn in pre-IPO investment

Pablo Air Co. Ltd., a specialized drone control company, announced on Friday that it has attracted an investment of 21 billion won ($15.5 million) i...

Samsung Lee's urges to keep ‘super gap’ in semiconductor technology

Samsung Lee's urges to keep ‘super gap’ in semiconductor technology

Samsung Electronics Co. Chairman Jay Y. Lee on Thursday visited the construction site of the global memory chip giant’s new semiconductor rese...

Samsung eyes next-generation 5 nm eMRAM auto chip by 2027

Samsung eyes next-generation 5 nm eMRAM auto chip by 2027

Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it aims to develop a next-generation 5-nanometer-processed aut...

Air Premia mulls $110 mn rights offer for more long-haul flights

Air Premia mulls $110 mn rights offer for more long-haul flights

South Korean low-cost carrier (LCC) Air Premia Inc. will make a decision on a rights offering worth up to 150 billion won ($110.4 million) at a boar...

Samsung Elec to develop spam filter with public web body

Samsung Elec to develop spam filter with public web body

Samsung Electronics Co. and the Korea Internet & Security Agency (KISA) on Wednesday signed a memorandum of understanding on minimizing damage t...

Samsung Bioepis releases Soliris biosimilar in Europe

Samsung Bioepis releases Soliris biosimilar in Europe

Samsung Bioepis Co., a biopharmaceutical research and development unit under South Korea's Samsung Group, is rolling out its latest product Epysqli,...

Samsung Electronics gets favorable ruling against Netlist in US

Samsung Electronics gets favorable ruling against Netlist in US

The US appeals court has reversed a California federal judge’s ruling against Samsung Electronics Co. in its legal fight over memory chip pate...

Late Samsung chairman Lee's New Management back in spotlight

Late Samsung chairman Lee's New Management back in spotlight

As the leader of Samsung Group for three decades, the late group Chairman Lee Kun-hee brought fundamental changes to the conglomerate under his &ldq...

Samsung vows to up memory chip density to 'extreme levels'

Samsung vows to up memory chip density to 'extreme levels'

Samsung Electronics Co.'s memory chip head said on Tuesday the world’s top memory chipmaker will increase the memory density of its DRAM and N...

Hyundai’s Supernal, Kia showcase flying car, military drones at ADEX 2023

Hyundai’s Supernal, Kia showcase flying car, military drones at ADEX 2023

South Korea’s top automaker Hyundai Motor Group is showcasing the concept of its electric flying car and hydrogen-powered military drones unde...

Samsung Heavy develops container loss prevention device

Samsung Heavy develops container loss prevention device

South Korean shipbuilder Samsung Heavy Industries on Tuesday revealed its latest invention Special Structure Anti-Container Loss (SSA-CL), using its...

K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike With waning MZ interest, is heyday over for S.Korea’s golf apparel market? LG links up with Chinese rivals for budget appliance supremacy Mercedes opens world’s 1st Maybach flagship center in Seoul