Samsung, Naver chiefs pledge to enhance safety of AI innovation

36 Korean members struggle to secure renewable energy sources due to tough rules, high costs

A group of South Korean and global tech companies adopted a joint pledge Wednesday, vowing to responsibly develop and use artificial intelligence and to address social challenges with the technology. The Seoul AI Business Pledge was announced by 14 companies, including Korea's Samsung Electronics Co., Naver Corp., Kakao Corp. and KT Corp., as well as global big tech companies, such as Google, Microsoft, OpenAI and IBM, during the opening ceremony of the AI Global Forum in Seoul. The AI Glob

Leading geospatial intelligence AI technology firm Dabeeo on Monday commenced its latest AI monitoring project of palm oil farms in Indonesia, covering an area that is larger than the South Korean capital of Seoul. The company inked a deal with Tunas Sawa Erma Group, one of Indonesia's major palm oil producers, for the project, spanning across a total of 765 square kilometers. "While high-precision satellite imagery is commonly used for military and IT purposes, cases like this one,

Korea Water Resources Corp., or K-water, said Tuesday that it presented three "super gap" technologies the agency has developed to tackle water issues at the 10th World Water Forum in Bali, Indonesia. The technologies include digital twin technology for water management, AI-based water purification plants, and a smart water network management system. Recognized for their potential to tackle the unpredictable and unprecedented climate crisis, they were featured in a special session at

The highly-publicized partnership between LG Electronics and Meta for an extended reality device seems to have fallen through largely due to the lukewarm outlook for the XR market overall, according to industry sources on Monday. “LG and Meta may continue collaborating in other areas such as artificial intelligence and metaverse. But for an XR device, they are pushing back their plans after seeing the sluggish sales of the earlier models, especially Apple’s Vision Pro,” an indu

Korean IT service provider LG CNS said on Monday it has launched a multi-lingual video conference interpretation solution, called “Orelo,” which can simultaneously interpret up to three different languages in real-time. The solution can distinguish about 100 languages by voice alone and provides simultaneous interpretation in the languages used by the meeting participants. It recognizes the statement in a certain language and immediately translates it into selected languages and prov

Samsung-Electro Mechanics, a leading electronic parts maker affiliated with Samsung Electronics, has set a sales goal of 1 trillion won ($736 million) for its flagship Multi-Layer Ceramic Capacitor or MLCC products this year, strategically targeting the automotive sector. "Leveraging our technological prowess nurtured in the IT sector, the company aims to expand its portfolio to servers for AI services and automotive solutions, the two burgeoning markets for MLCC," Kim Wi-heon, the MLC

LG Uplus, one of the nation's top telecom carriers, on Sunday unveiled a new brand slogan “Growth Leading AX Company" to accelerate innovation centering on the artificial intelligence transformation, referred to as AX. The company said the latest announcement came during an internal online session held on Friday to look back on its first quarter performance and share future business directions and plans. During the meeting, CEO Hwang Hyeon-sik noted that it became necessary to

Samsung Electronics is expected to introduce its new flagship Exynos 2500 mobile processor made with its cutting-edge 3-nanometer process, in the upcoming Galaxy S25 smartphone lineup, according to industry sources on Friday. The envisioned chipset, which will be produced on Samsung Foundry’s second-generation 3nm process node using the advanced Gate-all-around technology, will be designed with the main focus on improving power efficiency. Samsung, the world's top memory chipmaker, ha

Despite self-rescue efforts, a hike in electricity prices is inevitable, the Korea Electric Power Corp. Chief Executive Officer Kim Dong-cheol said Thursday. Explaining how the company was able to reduce its snowballing debt through all-out efforts, including a massive personnel restructuring, Kim noted that Korea's electricity prices are far lower than other countries. "The cost of purchasing electricity surged from 2021, but we could not shift the burden into electricity prices, and

Researchers at the Korea Advanced Institute of Science and Technology have developed the world’s first technology to extend the lifespan of electric vehicle batteries by 10 to 20 percent, KAIST said Thursday. The study, which was supported by Hyundai Motor Group, came up with a triazole-motivated electrolyte additive that can significantly increase the duration of lithium-ion batteries. According to the researchers, the new electrolyte additive succeeded in protecting lithium iron phosphat

South Korean stem cell research company Miracell said Thursday that it showcased its stem cell extraction system, Smart M-Cell, at the recent 21st ESSKA congress held in Milan. The biennial European Society for Sports Traumatology, Knee Surgery, and Arthroscopy congress brings together worldwide orthopedic surgeons, clinicians and scientists to discuss the latest advancements in sports medicine, joint diseases and surgery. This year’s conference, held May 8-10, featured over 130 educationa

The Japanese head of the operator of the popular Line messenger app attended a meeting with Naver Corp.'s employees and was said to pledge job security, an industry source said Wednesday, as the South Korean internet giant is under pressure from Tokyo to sell stake in Line. Takeshi Idezawa, president of LY Corp., the operator of Line controlled by a joint venture between Naver and SoftBank of Japan, attended the meeting with employees of Line Plus Corp. on Tuesday, according to the source.

LG Electronics joined hands Hanllym University Sacred Heart Hospital as part of its effort to strengthen medical robot services with its “affectionate intelligence” robot, Cloi, the company said on Wednesday. In an agreement, LG and the hospital agreed to collaborate to discover various scenarios of when robots can be used in medical institutes, and establish demonstration cases within domestic and international medical institutions. "With LG's Cloi robot taking charge of r