South Korean chipmakers Samsung Electronics and SK hynix will showcase their latest chips for artificial intelligence applications and supercomputing at Supercomputing 24, the largest international conference on high-performance computing, next week. The annual event which first kicked off in 1988 and is organized by Association for Computing Machinery and the IEEE Computer Society, will take place at the Georgia World Congress Center in Atlanta, from Sunday to Nov. 22. The Korean chipmakers wil

Hanjin Logistics Corp. President and Chief Marketing Officer Emily Cho introduces the company's new smart logistics technologies, including drone inventory management and smart glasses for workers, at the Hanjin Southern Seoul Integrated Logistics Center in Seoul on Wednesday. By leveraging these smart devices, Hanjin said it aims to increase logistics efficiency, strengthen customer data security and lead innovation in logistics management. (Hanjin Logistics Corp.)

CJ Logistics, South Korea’s largest logistics firm, announced Thursday that it has commenced operations of its new cold chain logistics center in Gainesville, Georgia. The facility spans 24,904 square meters, with 90 percent dedicated to cold chain logistics and the remaining 10 percent allocated for ambient storage. The center can adjust the temperature in accordance with each product’s storage requirements. The center features a blast-freezing system that rapidly lowers product tem

Solidigm, an SK hynix-affiliated NAND flash memory solutions provider, said Wednesday it is launching a new enterprise solid-state drive boasting the industry's largest capacity of 122 terabytes for AI data centers. According to the memory chip maker, the new eSSD solution D5-P5336 has been developed based on its quadruple-level cell technology, storing four times more data than conventional eSSDs. "We were the first chip firm to commercialize the QLC-based high-capacity SSDs, supplyin

Korea Zinc Chairman Choi Yun-beom on Wednesday apologized to the public, canceling the company’s hastily-made capital increase plan that sent its shares on a roller-coaster ride in recent weeks. “Though the capital raise was planned to strengthen a more diverse and independent shareholder base consisting of general investors, I offer my sincere apology as the plan, drawn up in urgent and desperate circumstances, was inconsiderate of existing shareholders,” Choi said at a press

By Steve Brice My youngest son is starting out on his investment journey. As background, he has been gifted some money, which he wants to invest for at least 7-10 years. He is not interested in finance, although he is interested in making money. He is about to go to university in February and expects to be busy. Therefore, he wants to have an investment plan which he does not have to monitor excessively. He is obviously worried about investing at exactly the wrong time, as is common with most

Automotive logistics provider Hyundai Glovis is set to build a large-scale logistics complex at Busan New Port, one of the busiest container ports globally. The facility, targeted for completion by 2027, will support South Korea’s growing trade demand, the company said. Hyundai Glovis said Wednesday it had signed a land purchase agreement for nearly 95,000 square meters -- about 13 soccer fields -- in the Ungdong Distripark Phase 2, a newly developed area within Busan New Port specifically

South Korea’s leading cosmetics original design manufacturer Kolmar Korea said Wednesday it recently won a lawsuit against Intercos Korea, the Korean subsidiary of Italian cosmetic firm Intercos that was accused of transferring trade secrets of Kolmar’s sun care technology. On Oct. 18, the Suwon District Court imposed a 5 million won ($3,700) fine on Intercos Korea for violating the trade secret protection law. The ruling was finalized after the company chose not to appeal. The all

Strategic shift looms as Korean chip giant struggles to secure edge in advanced AI chips

The American Chamber of Commerce in Korea announced Wednesday that it has hosted the 17th fundraising event for student scholarships together with its charity arm, Partners for the Future Foundation. The AmCham CEO Servers’ Night was held at the Conrad Seoul Hotel, bringing together 35 CEOs and C-level executives from AmCham member companies. After being trained by hotel staff, the top executives personally served wine and dinner to 430 guests to show their appreciation. “It is truly

Japan’s JSR Corporation, the world's top photoresist manufacturer, kicked off construction of its first semiconductor photoresist factory in Cheongju, North Chungcheong Province, on Tuesday. The new plant, being built under its Korean unit JSR Micro Korea, is set to become operational in 2026 and start supplying its advanced photoresist metal oxide resist (MOR) to Korean chipmakers, including Samsung Electronics and SK hynix. MOR has been rising as a cutting-edge alternative to low-qu

After years of record exports, food makers likely to speed up US localization, production

CANADA NAVY VISITS HYUNDAI SHIPYARD Canada’s top naval officer, Vice-Admiral Angus Topshee (center), visited HD Hyundai Heavy Industries' Ulsan headquarters Tuesday as Canada ramps up efforts to strengthen its submarine fleet. Canada’s new Canadian Patrol Submarine Project envisions acquiring up to a dozen 3,000-ton submarines, and Hyundai’s advanced shipyard facilities are being closely considered as a potential partner. During his visit, Topshee toured Hyundai’s pr

Member companies of the Korea Enterprises Federation met with Japanese Ambassador Koichi Mizushima on Tuesday to explore opportunities for deepening economic cooperation, as South Korea and Japan approach the 60th anniversary of normalized diplomatic relations next year. The business roundtable, held at the Westin Josun Seoul, brought together top Korean business figures and Japanese representatives to discuss future-oriented strategies for bilateral collaboration. In his opening remarks, KEF Ch

Samsung Electronics Co. will expand its semiconductor package facilities in South Chungcheong Province to boost production of high bandwidth memory chips, company officials said Tuesday. Under a memorandum of understanding with the provincial government, Samsung Electronics will convert an underused liquid crystal display plant owned by Samsung Display Co. in Cheonan, some 85 kilometers south of Seoul, into a semiconductor fabrication plant, according to the officials. The new facilities, expect