Shares of Korean chipmakers fell on Wednesday in a bearish market as major chip-related stocks worldwide declined following a gloomy 2025 forecast from semiconductor bellwether ASML. ASML, a Dutch company that makes the world’s most advanced chip-making equipment, reported its booking was half the orders the market expected in its quarterly earnings, and saw its shares plunge 16 percent to close at 668.10 euros ($727) in Amsterdam. Other chip stocks also declined, with Nvidia falling 4.5 p

KB Kookmin Bank and Starbucks Korea on Wednesday announced a partnership to launch a bank account product exclusively for local devotees of the US coffee chain. Set for launch in early 2025, the new partnership will introduce the first-ever "Starbucks Account," a savings account tailored to Starbucks customers, offering unique benefits that blend banking services with daily coffee purchases. Additionally, KB Kookmin Bank’s digital certificate service will be integrated into the S

RIAD Corporation, a South Korean travel startup specializing in B2B trade, has launched a new AI-powered trading platform called RIA, aimed at automating the coordination of group bookings between hotels and travel agents. The new platform allows business clients to save time when handling group bookings, streamlining the process from days of back-and-forth communication to just minutes. “Traditionally, the group booking process relied heavily on analogue methods such as emails, phone call

US space firm SpaceX may launch its Starlink satellite internet services in South Korea next year, industry sources said Tuesday. According to the sources, the science ministry had notified the revisions of related regulations for Starlink's internet services. After a six-month period, the science ministry will launch the process for the approval of a deal between SpaceX and its Korean unit, Starlink Korea. The sources said once all required processes are completed, SpaceX will launch the s

South Korean display maker Samsung Display showcased its latest organic light-emitting diode panels for monitors and laptops optimized for artificial intelligence applications at the Samsung OLED IT Summit in Taipei, Taiwan, Tuesday. To address growing demand for OLED panels in the IT device market, Samsung Display reorganized its original Samsung OLED Forum as the Samsung OLED IT Summit to emphasize its focus on OLED panels for IT devices, the company said. Some 300 officials from 20 companies,

Samsung Electronics said Tuesday it has forged an exclusive partnership with the Museum of Modern Art in New York to showcase a curated collection of 27 masterpieces, including Piet Mondrian's Trafalgar Square, on The Frame, the company's premium TV. Samsung said users will be able to enjoy iconic artworks of the most distinguished artists in 4K quality directly in their homes via Samsung Art Store, the company’s digital curator service. (Samsung Electronics)

Calls grow for more aggressive support, including direct subsidies, to maintain edge in AI chip race

Korean startup eyes growth in Southeast Asia’s public transport market

LG Innotek Chief Executive Officer Moon Hyuk-soo is stepping up efforts to recruit top talent from around the globe with the goal of boosting the company's competitive edge in the global market, where it makes the vast majority of its sales, the company said Sunday. Moon recently traveled to the US and hosted the company's main hiring event, "Inno Connect," in San Francisco, where he and Chief Human Resources Officer Kim Heung-sik and Chief Technology Officer Roh Sung-won pre

SK Chairman Chey Tae-won's second daughter Chey Min-jung, 33, tied the knot with Chinese American entrepreneur Kevin Huang in a private wedding in Seoul, where some 500 guests, including the country's top business leaders, gathered for the celebration. Amid their ongoing divorce suit, Chey Tae-won and his ex-wife Roh Soh-yeong both attended the wedding, facing each other for the first time since the latest court ruling in May. Chey Min-jung and Huang reportedly met as neighbors in Wash

Samsung SDI invited over 60 students and industry experts from Europe’s top institutions at its tech and career forum in London, aiming to secure global talent to strengthen the firm's technological competitiveness, the company said Sunday. The Tech & Career Forum, held on Saturday local time, attracted master’s and Ph.D. students, as well as industry experts, from prestigious universities such as Cambridge, Oxford, the Technical University of Munich and the Swiss Federal In

South Korean mobile carrier KT Corp. said Thursday it will team up with US tech giant Microsoft to develop a new artificial intelligence model tailored to the Korean language and culture within the first half of next year. KT CEO Kim Young-shub presented its vision at the event and announced the goal of jointly developing a Korea-specific AI and cloud model aligned with Microsoft’s objectives. “Microsoft is well aware of Korea's significance in the global information and communi

Lee Jae-yong puts end to spin-off rumors, but work process should become more flexible, experts say

Samsung Electronics announced it would be introducing artificial intelligence in all of its major home appliances and mobile devices to offer a more personalized and secure user experience, at this year's Samsung Developer Conference on Thursday. Celebrating the 10th year of the annual event, Samsung Electronics Vice Chairman and CEO Han Jong-hee revealed the company's "AI for All" vision, renewing the company's commitment to using AI technology to enhance security and p

Samsung Electronics, the world’s largest maker of memory chips, announced Friday it started mass producing the industry’s highest-performing solid-state drive with the largest capacity, making it optimal for on-device artificial intelligence applications for personal computers. The new PM9E1, which is a PCIe 5.0 SSD, provides a powerful performance and enhanced power efficiency built on its in-house 5-nanometer-based controller and eighth-generation V-NAND technology, the chipmaker s