KT is looking to improve its artificial intelligence competitiveness through a partnership with Canada's Vector Institute, a nonprofit firm dedicated to AI research. According to KT, the two sides signed an agreement on research, development and business cooperation at the Vector Institute in Toronto on Thursday. The signing marked the first partnership between a South Korean company and the Vector Institute. KT said the partnership will focus on three main areas in the field of AI: joint R&

South Korean mobile telecom carrier SK Telecom announced Sunday that the company, its artificial intelligence chip developer arm Sapeon and the University of Toronto came together on Thursday to build an AI chip-mounted computing infrastructure at the Canadian university’s campus in Toronto. Sapeon will provide its low-power neural processors, the X220 and X330, free of charge to run its neural processing unit, or NPU, Farm infrastructure, which is capable of delivering up to 32,000 trilli

Posco International, a trading firm under Posco Group, said Sunday that it was investing around 140 billion won ($98.38 million) to triple the natural gas production of its subsidiary Senex Energy Limited in Australia by 2025. According to the company, the investment is aimed at contributing to stabilizing energy costs in South Korea. The price of natural gas is expected to remain high for a while from the impact of the global natural gas shortage due to Russia switching off its gas pipelines fl

SK Telecom on Sunday unveiled the country’s first commercialized veterinary image diagnostic service based on artificial intelligence technology. Named “X Caliber,” the AI solution provides medical reports when a veterinarian uploads X-ray pictures of the dog’s chest or musculoskeletal system to the service’s website. The autonomous diagnosis takes about 30 seconds, according to SK Telecom. The company highlighted the importance of quick diagnosis, saying it would u

Information technology service provider LG CNS said Sunday it has become the first South Korean company to sign a digital transformation (DX) partnership with Google’s cloud service, Google Cloud. Through the strategic partnership, LG CNS said it hopes to acquire a competitive edge in the domestic artificial intelligence market catered toward corporate use, and to carry out cloud application modernization (AM) and total experience (TX) innovation projects. To increase market presence, the

Product collaborations with fashion brands continue to be popular in the local manufacturing industry, with a growing number of consumers looking to own unique items. Samsung Electronics, the country’s tech giant, said Friday it has launched a limited edition of Galaxy Z Flip 4, Galaxy Watch 5 series and Buds 2 designed by a local fashion brand Juun.J. The Juun.J edition Galaxy Z Flip 4 comes in two colors – graphite and phantom black -- with an all-black leather case, a shoulder

SEJONG -- North America-based businesses have proposed to invest $1.15 billion (1.62 trillion won) in South Korea's manufacturing sector during President Yoon Suk-yeol’s visit to the US, the Industry Ministry said Friday. Investment proposals were made at an investors' roundtable held in Manhattan on Thursday, local time, attended by President Yoon and Industry Minister Lee Chang-yang, officials said. Most of the investors were from the fields of semiconductors, electric vehicles, seconda

State-run utility firm Korea Electric Power Corp. said Friday that a nuclear power plant it helped build in the United Arab Emirates had begun its operation. According to Kepco, operators of the unit 3 reactor at Barakah, UAE, has reached a criticality level. Criticality refers to the normal operating condition of a reactor in which nuclear fuel sustains a fission chain reaction. The joint venture between Kepco and Emirates Nuclear Power Corporation has completed test-runs for operation of unit

    Cho Sung-hwan, CEO of Hyundai Motor Group’s auto parts affiliate Hyundai Mobis, has been elected president of the International Organization for Standardization, the company said Friday. Cho is the first Korean to take the highest position at ISO, a non-profit organization that develops and publishes more than 24,000 international standards for various industries, and has 167 national standard bodies as members. South Korea has been a member since 1963. Cho was elected from a

SK Group Chairman Chey Tae-won has met with Zambian President Hakainde Hichilema in New York and discussed ways for cooperation in shoring up the raw materials supply chain, the business group said Friday. In the meeting, Chey highlighted that Zambia's copper mines offer interesting opportunities to companies, like SK, that engage in manufacturing of copper foil, a critical component used in lithium-ion battery cells, SK said. Copper foil is as thin as one-fifteenth of the width of a human

DRAM prices are estimated to post a quarterly decline of 13-18 percent in the fourth quarter, steeper than the previous quarter, a report said Friday, as consumer demand for electronic devices remains stagnant and macroeconomic conditions aggravated. Research firm TrendForce said rising inflation has significantly weakened the appetite for consumer products, likely to put cold water on the year-end holiday shopping demand. Lower demand, it said, would lead to DRAM's bigger price drops from

LG Energy Solution said Friday it has signed supply agreements with three Canadian mineral companies to secure key raw materials used in lithium-ion batteries for electric vehicles. Under the arrangement with Electra Battery Materials, the Toronto-based battery materials refiner will supply 7,000 metric tons of cobalt sulfate to LG Energy Solution for three years beginning in 2023, the South Korean battery maker said in a release. LGES signed a memorandum of understanding with Avalon Advanced Ma

SK Telecom, South Korea's largest wireless carrier, ranks No. 1 in terms of 5G network download speed, an industry report showed Friday. According to global mobile industry tracker Opensignal, the average download speed using SK Telecom's 5G network was recorded at 469.6 megabits per second, 2.55 times faster than the 184.2 Mbps average among global mobile carriers. LG Uplus Corp., the country's third-largest mobile carrier, ranked second, with 429.6 Mbps, followed by Bulgaria

Having majored in business administration in university and with eight years of previous work experience at the Korea SMEs and Startups Agency, Cheon Yeong-seok, co-CEO of robot startup Twinny, had always dreamed of one day starting his own business. Looking back though, Cheon said it had never crossed his mind in his 20s and early 30s that he would end up starting his dream company with his twin brother, Hong-seok, a electrical engineering Ph.D. graduate of the Korea Advanced Institute of Scien

Samsung Electronics Vice Chairman Lee Jae-yong's planned meeting next month with SoftBank founder Masayoshi Son raises the expectation that the South Korean tech giant could find a breakthrough with a new round of investment for future growth in the field of semiconductors. On his arrival to Seoul after a two-week trip overseas, the 54-year-old told reporters Wednesday afternoon that he is scheduled to hold talks with Son in Seoul and that he believes the Japanese tycoon might bring up the issue