Lee Jae-yong holds series of meetings with biopharmaceutical CEOs in US

Pedestrians walk past Samsung Electronics’ digital screen promoting Busan's bid to host the 2030 World Expo in Hamburg, Germany, in this photo provided by the tech giant on Sunday. Samsung took part in this year's Hamburg Port Anniversary, the world's biggest port festival, held last week.

SK Bioscience’s share price soared over 16 percent on Thursday after the company signed a manufacturing deal with international pharmaceutical firm MSD. According to the Health Ministry and SK Bioscience on Friday, SK Bioscience and MSD inked the contract manufacturing deal to produce a vaccine. Following the signing, SK Bioscience’s stock price increased 16.39 percent to 83,100 won ($64.04) on Thursday, largely on the hopes that the company's sluggish performance will improve i

Samsung Electronics co-CEO Kyung Kye-hyun, who oversees the tech giant’s chip business, unveiled the company's five-year plan to develop memory chip-centered supercomputers and catch up with its Taiwan-based foundry rival TSMC. Kyung visited the Korea Advanced Institute of Science and Technology in Daejeon, South Chungcheong Province, on Thursday to deliver a special lecture to promising talents. It was the first time Kyung delivered a lecture to students since taking office as co-CEO

Samsung Electronics said Friday it showcased its new 2023 Neo quantum dot light-emitting diode TV lineup at the Samsung Opera House, a mobile exhibition center for Samsung Electronics products, in Bengaluru, India, on Thursday. The products introduced at the event include the 98-inch and 55-inch Neo QLED 8K TV models and Lifestyle TVs, as well as the tech giant’s newest sound tower and sound bar products, according to Samsung officials. Samsung applied its sustainability management practic

S. Korean business lobbies demand the National Assembly to change related laws in favor of telemedicine service platforms

IT giant to exit unprofitable business, form independent in-house company of Daum portal

SAN FRANCISCO (AFP) -- Meta on Wednesday warned that hackers are using the promise of generative artificial intelligence like ChatGPT to trick people into installing malicious code on devices. Over the course of the past month, security analysts with the social-media giant have found malicious software posing as ChatGPT or similar AI tools, chief information security officer Guy Rosen said in a briefing. "The latest wave of malware campaigns have taken notice of generative AI technology t

Merck, a leading science and technology company based in Germany, said Wednesday it plans to build a bioprocessing unit in Daejeon, South Korea. Under a three-way memorandum of understanding signed by the firm with Korea's Ministry of Trade, Industry and Energy and the government of Daejeon, they will discuss detailed plans for building the international pharmaceutical company’s new bioprocessing unit that can produce raw materials for drugs. The Trade Ministry and the Daejeon city go

Information technology service provider LG CNS said Wednesday it will accelerate business cooperation in the IT security sector with the Korean unit of US tech behemoth Microsoft. The Korean firm said it became Microsoft’s managed security service provider, offering integrated security solutions from consulting to operations. Microsoft considers a firm’s security business capabilities and growth potential to determine its MSSP partner qualification. The news came after the top manage

Samsung Electronics could face its first-ever labor strike as unionized workers have secured the right to legally conduct a walkout after wage talks between the tech giant and unionists fell through. According to industry sources Wednesday, Korea’s National Labor Relations Commission, a government agency under the Labor Ministry, held a steering session to arbitrate the wage deal a day earlier but ended up deciding to stop the talks due to an unbridgeable gap. The Tuesday meeting marks t

Companies fear internal data shared with AI chatbots could leak to public

Joint venture SK Plug Hyverse to build hydrogen tech R&D center, gigafactory in Korea

South Korea's three largest mobile carriers -- SK Telecom, KT Corp. and LG Uplus -- said on Tuesday that they will launch the country’s first personal embedded subscriber identity module (eSIM) data plans for BMW vehicles. While the German luxury carmaker’s 7 series and above already feature fifth-generation connectivity via eSIM, the new data plans will enable backseat passengers to enjoy a variety of mobile content through built-in monitors without a separate physical chip, ac

Industry Ministry renews commitment to creating new W300tr cluster for advanced AI, automotive chips