Senior officials from South Korea and the United States discussed cooperation in space exploration as Seoul pushes ahead with the establishment of its independent space agency in May, officials said Monday. First Vice Science Minister Cho Seong-kyung met with Pam Melroy, the deputy administrator of the National Aeronautics and Space Agency, during her visit to the US last week and discussed measures to expand space cooperation between the two countries, according to the Ministry of Science and I

South Korea’s top conglomerates are announcing their plans for employee compensation for 2023 following mixed earnings reports last week. LG Electronics, which posted another year of record sales, pledged to give out hefty bonuses to employees, while the nation’s top two chipmakers, Samsung Electronics and SK hynix, hit hard by a chip slump last year, seem to be tightening their belts, reducing spending including on employee benefits. LG Electronics, the crown jewel of the nation&r

Dell Korea chief praises Korean firms' faster, more extensive embrace of AI compared to Asian rivals

Customers line up to activate their preordered Galaxy S24 smartphones at Samsung Electronics’ flagship store in southern Seoul on Friday. The latest smartphone scored record preorders in Korea, selling more than 1.21 million units during the preorder period from Jan. 19-25. On Sunday, Samsung said it is extending the preactivation period to Feb. 8, due to an influx of customers. (Samsung Electronics)

Sam Altman’s 19-hour stay in Seoul prompts hopes for win-win partnership

ChatGPT creator OpenAI's CEO, Sam Altman, has arrived in South Korea to meet with the leaders of chip giants Samsung Electronics and SK Hynix, reports said Friday. Samsung Electronics and SK Hynix are the world's two biggest memory chipmakers, and the latter this week said it had returned to profit after four consecutive quarters of losses driven by demand for chips used in artificial intelligence. The two South Korean chip giants are among the few companies worldwide that manufacture

Samsung Electronics’ latest Galaxy S24 series, touted as its first artificial intelligence smartphone, broke the company’s presales record in Korea, selling 1.21 million units in just a week. After the global Unpacked event in San Jose, California on Jan. 17, Samsung carried out a presales event for the latest Galaxy S24 series from Jan. 19 to 25 in Korea. During the weeklong event, the smartphone maker sold 173,000 units per day on average. The latest presale record not only surpass

LG Electronics reported another year of record sales in 2023, driven by upbeat sales of home appliances and automotive parts and solutions, the Korean tech giant said in its earnings conference Thursday. The company posted all-time high annual sales of 84.2 trillion won ($62.9 billion) last year, up 0.9 percent from the year before. This is the third consecutive year the company has achieved record-breaking sales figures. Despite the global economic downturn and decreased demand, LG Electronics&

Chipmaker seeks to improve operational efficiency at China plant

SK Enmove CEO Kim Wone-kee (left) and Hyundai Motor Company President Yang Hee-won attend a partnership signing ceremony for the development of next-generation vehicle refrigerants at the SK Building in central Seoul on Thursday. The two companies agreed to develop refrigerants for electric vehicles and enhance readiness for tighter emissions rules in key markets. (SK Innovation)

LG Display said Wednesday it would focus investment on OLED displays this year, seeking to continue growth momentum after it posted the first profit in seven quarters in the October-December period last year. “The panel demand, which has been volatile over the past three years due to COVID-19, is expected to stabilize this year. … We have raised our internal OLED panel shipment goal for this year by 20 percent on-year,” an LG Display official said during the company’s

Samsung devices bring challenges to life, from Galaxy cameras as motion sensors to the S-pen stylus in the digital 'Dalgona Game'

Samsung’s latest flagship phone comes with 112 AI models for enhanced camera functions

Sam Altman, the CEO of OpenAI, is reportedly arranging a meeting with SK Group Chairman Chey Tae-won on his trip to Korea this week, as he seeks to meet a growing need for semiconductors while reducing reliance on the US artificial intelligence chip leader, Nvidia. Altman’s upcoming visit will mark his first in seven months since he was in Seoul at the invitation of the Ministry of SMEs and Startups in June 2023. The OpenAI chief previously showed a strong willingness to explore joint chip

SAN JOSE, California -- Samsung Electronics' Galaxy S24 Ultra can withstand a drop on a concrete surface thanks to an exclusive high-strength glass known as Corning Gorilla Armor, which was developed with Corning for greater durability and visual clarity, according to the global glass maker. With live demonstrations of the new screen glass, John Bayne, the senior vice president and general manager in charge of mobile consumer electronics at Corning, presented the Corning Gorilla Armor, whic