Samsung Electronics unveiled its newest chip technologies and products at its annual global event in San Jose, California, Friday, eyeing a key role in providing hyperscale artificial intelligence models. Under the theme of “Memory Reimagined,” about 600 people, including technicians, analysts and industry officials, attended this year’s Memory Tech Day to look into Samsung’s technologies in areas such as cloud, edge devices and automobiles. The tech giant unveiled its la

Samsung Electronics Chairman Lee Jae-yong (right) reviews construction work at the site of the company's new R&D complex in Giheung, Gyeonggi Province, Thursday. Before the inspection, Lee held a management meeting on chip strategy at Samsung Electronics Semiconductor Research Center and urged executives to create a turning point for innovation as global uncertainties continue. (Samsung Electronics)

LG Energy Solution said Thursday it is set to launch a new residential energy storage system device lineup called LG enblock S in the United States next month. Installed with nickel, manganese and cobalt batteries, the LG enblock S is a device with high energy density that can provide a wide range of power sources for households. “With LG enblock S products, households can save energy and lower electric bills. They can also be used as a backup power source when the electricity is shut do

A week ahead of the third anniversary of the late Samsung Group Chairman Lee Kun-hee’s death, scholars gathered at a global academic conference in Seoul on Wednesday, looking back on his management initiatives introduced three decades ago. About 300 scholars from Korea and abroad attended the event hosted by the Korean Academic Society of Business Administration, reminiscing about the late Samsung patriarch’s business philosophy, leadership and contributions to Korean society. &ldquo

Minister touts equipment reentry as outcome of close cooperation between Seoul, Washington

Doosan Robotics, South Korea’s largest collaborative robot manufacturer under the conglomerate Doosan Group, said Monday it will supply chicken-frying collaborative robots to fried chicken franchise Kyochon F&B. Under the deal, Doosan will install its first collaborative robot at Kyochon F&B headquarters in Osan, Gyeonggi Province within this month, with plans to do so at other Kyochon franchise stores nationwide. Doosan Robotics co-CEOs Park In-won and Ryu Jung-hoon, Kyochon F&

World's No. 1 cloud provider ups ante with W7.85tr investment in local cloud market

LG Innotek, an electronic component manufacturer under LG Group, said Sunday that it had earned three international patents in the field of electric vehicle charging. “To leap forward as a No. 1 global company, it is essential to systematically manage and secure international patents and intellectual property rights for core technology,” said Kim Jin-hyun, head of the intellectual property division of the company. “Through our continuous R&D efforts in the field of IP, we w

Information technology service provider LG CNS said Thursday that it has launched a generative artificial intelligence-based platform called Data Analytics & AI Platform Generative AI, or DAP GenAI, for its corporate clients. According to LG CNS, the new platform integrates the latest cutting-edge AI-based technologies including prompt engineering and large language model operations (LLMOps). It can be used upon installation on existing infrastructure, such as a company’s private serve

The space economy is expanding and becoming increasingly global, and South Korea is leaping forward as a space powerhouse, a high-ranking official at the Korea Aerospace Research Institute said at the 2023 Korea Herald Humanity In Tech, or HIT Forum, held at The Shilla Seoul on Wednesday. With innovative technologies and massive investment, both governments and companies around the globe have secured space assets because they can directly impact the state’s survival in terms of security, a

Choi Se-yeong, a student at Gimhae Bunsung High School, delivered congratulatory remarks for The Korea Herald’s Humanity in Tech Forum as a representative of future scientists moving forward for the nation’s space industry. “I would like to first express my heartfelt gratitude for giving such an exceptional opportunity to speak at this huge forum,” said Choi at The Shilla Seoul on Wednesday. As part of an experiment last month, students at Aircraft -- an aerospace enginee

Samsung Electronics predicted Wednesday that its operating profits in the July-September period would recover to exceed 2 trillion won ($1.5 billion) after months of efforts to elevate profitability amid memory chip slump. Samsung's third-quarter operating profits is estimated to hit 2.4 trillion won, a 77.9 percent plunge from a year ago, according to the company’s earnings guidance. The figure exceeded the 2.2 trillion won consensus by local analysts provided by market intelligence

Hanwha Aerospace said Wednesday it plans to become a total services provider for outer space, ranging from space-based internet, future air mobility and cosmic data analysis platform. “Although the space sector is considered a high-risk business, it is a key infrastructure for sustainable growth of our future generation. With the combination of big data and artificial intelligence, the space economy is witnessing exponential growth,” said Lee Joon-won, senior vice president at Hanw

Science and ICT Minister Lee Jong-ho on Wednesday made congratulatory remarks for The Korea Herald’s Humanity in Tech Forum, vowing to take the lead in ushering in Korea’s new space economy. “I give my sincere congratulations for The Korea Herald’s HIT Forum that discusses ‘space’ as its first topic for sharing vision on science and technology innovation,” said Lee in a pre-recorded video played during the forum held at the Shilla Seoul. “It is a t

Sales of home appliances, automotive solutions drive up profitability