The Korea Herald

BUSINESS

LATEST NEWS

Dec 2, 2021

SK hynix sets up new US business unit

Chipmaker retains CEO Lee Seok-hee, names two presidents to oversee marketing, production

Kakao to acquire live commerce firm Grip for W180b: sources

Kakao Corp. will acquire a majority stake of live commerce startup firm Grip Co., according to sources Wednesday. The South Korean tech giant plans to acquire a 48 percent stake of the company for 180 billon won ($152.5 million), sources familiar with the deal said. Established in 2018, the company currently operates its namesake live commerce mobile application, which allows users to sell products online. The number of sellers on Grip stood at some 12,000 as of April, and the volume of tr

Dec 1, 2021
Naver, SoftBank join forces for metaverse push

Two tech giants plan to launch mapping project for Japanese cities next year

Dec 1, 2021
Samsung unveils 5G chips for cars

Samsung Electronics said Tuesday it rolled out an automotive semiconductor chip that delivers a fifth-generational network connectivity for in-vehicle infotainment services for the first time in the industry. The newly-launched telematics control unit for cars, Exynos Auto T5123, aims to provide essential information to a vehicle in real-time via high-speed download speeds of up to 5.1 gigabits per second. Samsung said the new auto chip will allow passengers to enjoy high-definition content st

Nov 30, 2021
S. Korea, Britain seek closer cooperation in 5G, AI

South Korea and Britain have agreed to bolster bilateral cooperation in artificial intelligence and 5G on the sidelines of a tech forum, Seoul's ICT ministry said Tuesday. Lee Tai-hee, South Korea's deputy minister for planning and coordination at the science and ICT ministry, held talks with Chris Philp, parliamentary under secretary of state at the Department for Digital, Culture, Media and Sport, in London on Monday (local time) as he visited the Future Tech Forum. During their meeting, Lee

Nov 30, 2021
Kakao marks 10th anniversary of emoticon biz

‘We discover new creators and give them a bigger stage to share their works. That, in turn, would expand the emoticon business to the next level.’

Nov 29, 2021
Samsung to nurture young executives to usher in ‘New Samsung’ era

Samsung Electronics is poised to employ a new personnel management system starting in 2022 that could foster young executives, in a move to lay the groundwork for a “New Samsung” era under Samsung’s de facto leader Lee Jae-yong, the South Korean tech giant said Monday. Under the new system, Samsung will abolish a set of requirements before an employee gets promoted to a certain level, such as a minimum term of service that lasts roughly eight to 10 years. Instead, excellent em

Nov 29, 2021
LG Energy Solution lays out new funding plan for Michigan plant

LG Energy Solution, the batteries unit of LG Group, has laid out a new $1.36 billion funding plan to drastically ramp up the capacity of its plant in the US state of Michigan in the next three years. In a regulatory filing Friday, parent company LG Chem said LG Energy Solution's Michigan arm will raise $681 million in fresh capital without rights to add new production facilities to the Michigan plant, while securing the remaining $681 million from local borrowing. The new funding aims t

Nov 28, 2021
Samsung ranks No. 1 in US high-end projector market

Samsung Electronics said Sunday that it ranked No. 1 in the premium home cinema projector market in the United States, a year after the electronics giant entered the market with its flagship The Premiere lineup. Samsung Electronics’ high-end projectors priced at $3,000 or more accounted for 27.8 percent of the US market by sales from January to October, the company said, citing an estimate from US market intelligence firm NPD Group. In particular, Samsung’s focus on ultrashort th

Nov 28, 2021
Fast-growing metaverse creates legal risks: law firm

The metaverse, a kind of virtual community that lets users interact in real-time, carries potential legal risks, and requires regulations to ensure platform operators protect their users from digital crimes, experts said Friday. “Since metaverse embodies the virtual world as almost exactly the same as the real world, there are concerns on severe privacy violations. It is highly possible that data on the users’ whereabouts, medical information and political affiliations could be lea

Nov 26, 2021
Kakao Brain to give Korean-language AI an upgrade

Kakao Brain, an AI technology research and development subsidiary of Kakao, said Thursday it will upgrade its Korean-language AI model to go full swing in promoting the development of local AI industry. According to the AI company, it plans to enhance the deep learning process of KoGPT, Kako Brain’s Korean- language AI model, and make it 100 times more efficient by using Google Cloud’s supercomputer, Google Tensor Processing Unit. Google TPU is a large-scale computing system that

Nov 25, 2021
Lee Jae-yong’s ‘New Samsung’ vision taking shape

Samsung chief's first trip to US in 5 years suggests recovery of tech giant’s global network, leadership revival. But what's next?

Nov 24, 2021
Naver lays out new future with metaverse, AI

IT giant offers sneak peek into new metaverse platform Arcverse, world’s first artificial intelligence operating in Korean

Nov 24, 2021
Samsung says new Texas chip plant to open new chapter

South Korean tech giant’s new fab in US set to start operation in 2024

Nov 24, 2021
Samsung looks to add 2nd US foundry chip plant in Texas

South Korean tech giant Samsung Electronics is looking to add a second site for its foundry semiconductor chip manufacturing plant in Texas, according to reports Tuesday. Texas Gov. Greg Abbott is scheduled to make an “economic announcement” concerning Samsung Electronics’ plan to build a new chip plant in Williamson County, near the city of Taylor, Texas, which will involve $17 billion of capital expenditure, Wall Street Journal reported. A Samsung Electronics spokesperson s

Nov 23, 2021

prev
1
2
3
4
5
6
7
8
9
10
next

The Korea Herald by Herald Corporation

Copyright Herald Corporation. All Rights Reserved.

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114