Samsung Electronics said Tuesday that the company will collaborate with local internet giant Naver to develop next-generation semiconductor solutions for advanced artificial intelligence systems. The two companies will develop chip solutions that have greater capacity to process large-sized data, which existing computing systems have difficulties in dealing with, the firm said. The duo seeks to find new solutions that better address the bottlenecks in advancing AI systems and maximize efficiency

The Ministry of Science and ICT on Tuesday released the results of its investigation into the nation's worst-ever server shutdown in October, calling for all stakeholders -- SK C&C, Kakao and Naver -- to come up with emergency response system. On Oct. 15, a fire broke out in the battery room on the third basement floor of the SK C&C Pangyo Data Center at Pangyo, Gyeonggi Province. The fire at the data center -- which hosts South Korean online platform giants' data servers -- ca

Samsung Electronics on Tuesday promoted a total of 187 executives in a year-end reshuffle, including young leaders in their 30s and 40s, in an apparent attempt to push for change amid business uncertainties next year. The total number slightly decreased from last year’s 198, but more research and development specialists were promoted. “We carried out an executive reshuffle based on their performance and growth potential with an aim to strengthen the company’s readiness for the

Samsung Electronics on Monday appointed a female president, its first who is not a member of the founding family, in a year-end reshuffle that put emphasis on elevating young leaders based on their performances. Lee Young-hee, now president and head of global marketing, is a veteran marketer who joined Samsung in 2007 after serving in various roles at global companies, including Unilever and L’Oreal. The 58-year-old is known for playing a leading role in elevating the awareness of Samsung&

Pat Gelsinger expected to arrive in Seoul on Friday; meeting with Samsung’s Lee likely

Science Ministry's top innovation strategist highlights importance of diplomacy, security

Hanwha Aerospace, the space business arm of South Korean conglomerate Hanwha, has been tapped as the company to lead the project of upgrading the homegrown Nuri rocket and launching it four more times through 2027, the Korea Aerospace Research Institute said Friday. According to Hanwha Aerospace’s regulatory filing, the company on Thursday signed a contract worth approximately 286 billion won ($220 million) with the state-run institute. The official selection came about two months after th

Samsung Electronics said Wednesday sales of its foldable phones for corporate use more than doubled on-year, partly because more companies have adopted remote working policies in the wake of the COVID-19 pandemic. From January to October, sales of Galaxy Z Fold and Galaxy Z Flip phones jumped by 105 percent compared to the same period in the previous year, the world's largest smartphone maker said. The Galaxy Z Fold4 and Galaxy Z Flip4 -- the latest versions rolled out this year -- led to t

Samsung Electronics said Wednesday it will boost the supply of 5G network solutions to Japan’s No. 1 mobile operator NTT Docomo. After being chosen as a 5G network solution provider for Docomo in March, Samsung will provide additional 5G network radio units, which can send out major frequency bands operated by the Japanese mobile operator. Docomo has nearly 84 million users across the neighboring country as of March. The Japanese telecom company launched 5G services in March 2020. With str

South Korean telecom giant SK Telecom said Tuesday it forged a partnership with Singapore’s largest mobile carrier Singtel to expand its metaverse service into the Asia-Pacific region. Singtel operates in 21 countries to provide mobile communication and high-speed internet services to about 770 million users around the world. Under their partnership, the two sides agreed to work together on initiating a metaverse project in Singapore and extend the project in the Asia-Pacific region overal

A Samsung Electronics banner promotes Busan’s bid to host the 2030 World Expo as well as its latest foldable smartphones, on the wall of the Palais Garnier opera house in Paris on Monday. The banner is being displayed this week at the general gathering of the Bureau International des Expositions, the intergovernmental body that oversees the World Expo.

South Korean users spent less time on Twitter compared to the month before billionaire Elon Musk took over the social media platform in a drama-plagued $44 billion deal, industry data showed Monday. According to local data tracker Mobile Index, the average time a local user spent on Twitter was 43.94 minutes for the four weeks of Oct. 28 to Nov. 24, down from 45.9 minutes marked a month prior to the highly publicized purchase. The number of daily active users on the platform in that period, howe

Korea's fourth-largest business group zeroes in on diversity, future planning in year-end reshuffle

Legislators downplay concerns of Samsung Electronics sellout to foreigners

Japan, Indonesia to compete head-on; Korea secures upper hand in terms of supplier ecosystem