LG Electronics is considering launching cosmetics products in line with the release of a new model of its skin care device under the in-house home beauty brand Pra.L in the first half of next year, according to its recent semi-annual report on DART, the Financial Supervisory Service's electronic disclosure board. An LG Electronics official said Tuesday the company is in talks to collaborate with a local cosmetic manufacturer rather than producing the products itself. “We may go throug

Samsung, SK, Hyundai, LG likely to rejoin disgraced business lobby, join forces for its recovery

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South Korea's largest telecommunications carrier SK Telecom said Monday that it has become the third-largest shareholder of Persona.AI, a Seoul-based artificial intelligence contact center, or AICC. The company did not disclose other details, including the deal size and the amount of the stakes it secured. An AICC offers 24-hour customer consultations via AI chatbots and callbots. Persona.AI, using its own natural language processing engine, offers related solutions and subscription-based s

CHEONAN, South Chungcheong Province -- Commemorating the 78th anniversary of the Aug. 15 Liberation Day this year, the state-run Independence Hall of Korea and the country’s largest telecommunications carrier SK Telecom have joined forces to restore faded photos of independence fighters and animate them using artificial intelligence. Under a partnership signed in 2020, the Independence Hall and SK Telecom kicked off a five-year project to turn the memorial into a high-tech “Eco-Mus

Innospace, a South Korean startup specializing in hybrid space rockets and small satellites, announced Thursday that it secured a five-year agreement with Equatorial Launch Australia, a space launch services provider, to conduct orbital launches from the provider’s Arnhem Space Centre for its HANBIT family of launch vehicles. The contract, lasting until December 2028, guarantees ELA's assistance in securing an Australian launch permit for the company, increasing optimal launch sites f

LG Electronics said Thursday it will introduce its new built-in kitchen package at this year’s IFA trade show held in Berlin, Germany, Sept. 1-5. With the new built-in kitchens, which boast better energy efficiency and premium style, the tech giant aims to expand its presence in built-in home appliance markets in Europe and North America, which make up more than 70 percent of global sales. (LG Electronics)

Samsung Electronics, the world’s largest memory chip maker, has forged a partnership with Groq, a US-based artificial intelligence inference systems provider, securing the first chip order for its semiconductor fab currently in construction in Texas. Groq revealed in a press release on Monday (US time) that it has established ties with Samsung Foundry to be its “next-gen silicon partner,” saying the collaboration will support the company’s growth to consistently “ou

Samsung Electronics sold a portion of its stakes in Dutch chip equipment maker ASML and secured 3 trillion won ($2.24 billion) in cash, the company reported in its semi-annual report Monday. In the report, the world’s No. 1 memory chipmaker reported that it held 2.75 million shares in ASML stocks, equivalent to 0.7 percent, at the end of June, down from the 1.6 percent or 6.29 million shares from the end of March this year. In selling its shares, Samsung appears to have secured significant

The Korea Advanced Institute of Science and Technology said Wednesday that a research paper about an air purifier that generates a diary, developed by a team led by industrial design professor Nam Taek-jin, has become Korea's first to win an honorable mention at this year's ACM Designing Interactive Systems conference. The air purifier, named Areca, shows how future objects could potentially have feelings and consciousness with the development of artificial intelligence. (KAIST)

SK Telecom, South Korea's leading telecommunications carrier, said Wednesday that it will host a hackathon event with California-based startup OpenAI next month in Seoul to discover talent who are likely to lead the future artificial intelligence industry. Prompter Day Seoul 2023 will run under the theme of developing services that can help humanity through AI. Planners, developers and designers who are interested in generative AIs can participate in the competition to develop services and

Indonesian Ambassador to Korea Gandi Sulistiyanto (second from left) poses with Hyundai Motor’s Ioniq 5 Batik edition during the Gaikindo Indonesia International Auto Show held in Jakarta on Thursday. The car is a special edition of Hyundai’s flagship electric compact inspired by Indonesia’s traditional dyeing technique, commemorating the 50th anniversary of bilateral ties between South Korea and Indonesia. The South Korean carmaker is the largest EV producer in Indonesia. (Cou

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Korean researchers come up with high energy efficient, economic fabric technology