SK CEOs to hold strategy meeting at end of June

SK Group, the country’s second-largest conglomerate in terms of assets, will hold its biannual business management strategy meeting June 28-29 to comprehensively review the group’s plans and renew commitment to "go back to basics," according to industry sources Wednesday. SK Group Chairman Chey Tae-won and other members of the founding family, including SK Innovation Vice Chairman Chey Jae-won and SK Supex Council Chairman Chey Chang-won are expected to join the meeting, al

June 12, 2024

[From the Scene] Kakao unveils first data center

Korean IT giant Kakao, having suffered from its worst-ever server shutdown in October 2022, unveiled its first in-house data center in Ansan, Gyeonggi Province, to local media Tuesday. As part of Kakao's efforts to keep users' daily lives safe, this data center is the first one of its kind to maximize stability. Located on a 47,378-square-meter site, about 2.6 times the size of a soccer field, Kakao Data Center Ansan is situated in Hanyang University’s ERICA campus in the industr

June 12, 2024

Does Apple Intelligence have edge over Galaxy AI?

Months after Samsung Electronics launched the world's first artificial intelligence smartphone equipped with its original Galaxy AI, its archrival Apple debuted its own Apple Intelligence, only to show it lacks any kind of overwhelming advantage to differentiate itself. At the Worldwide Developers Conference on Monday, Apple presented Apple Intelligence, its AI system that will be incorporated across products from iPhones to Macbooks. “Our unique approach combines generative AI with a

June 11, 2024

S. Korean ChatGPT app users soar 30% in May

The popularity of OpenAI's artificial intelligence chatbot, ChatGPT, has surged in South Korea, with the number of monthly users of its mobile app surpassing 1 million for the first time last month. User numbers rose by 30 percent in May, reaching an estimated 1,273,922, compared to 980,318 in April, according to statistics from the mobile big data company IGAWorks released Tuesday. This follows a steady increase from 697,830 in February to 880,364 in March. "The mobile app version i

June 11, 2024

IEEE honors Korea’s contribution to CDMA commercialization

South Korean tech firms and a local research center were recognized by the Institute of Electrical and Electronics Engineers (IEEE), the world's largest technical professional organization dedicated to advancing technology for the benefit of humanity, on Monday, for their significant contribution to commercializing the world's first code division multiple access network used in mobile phones in 1996. The Electronics and Telecommunications Research Institute, Samsung Electronics, LG E

June 10, 2024

SKT brings K-pop fan community service to metaverse platform

South Korean mobile carrier SK Telecom has unveiled a new K-pop service for its metaverse platform, ifland, designed as an arena where K-pop idols and their global fans gather and communicate with one another. Starting Monday, ifland will offer a fan community service with hotel-style spaces enabling fans to meet different K-pop groups and solo artists on each floor. Its introduction page provides an overview of the hotel's floors, while an artist lounge where each K-pop idol can check in t

June 9, 2024

Tesla upgrades in-car navigation software in China, introduces lane-level guidance

BEIJING (Reuters) -- Tesla released a software upgrade for its in-car navigation system in China on Friday, introducing new features such as displaying lane markings on its maps that correspond to the actual lanes on the road. The company announced the update on its official WeChat account along with a series of new features added in the latest over-the-air upgrade that it claimed would reduce users' reliance on smartphone applications while driving. Tesla did not specify the provider of th

June 7, 2024

SK, TSMC chiefs agree to boost collaboration on AI chips

SK Chairman Chey Tae-won and TSMC Chairman C.C. Wei agreed to boost collaboration on the development of advanced artificial intelligence chips, including the High Bandwidth Memory chips high in demand, on Thursday. Chey traveled to Taiwan to meet with Wei and other IT leaders in the country, as part of the effort to strengthen SK's network and gain a competitive edge in the burgeoning global AI market. “Together, let’s open the door to the era of artificial intelligence that ben

June 7, 2024

[Innovate Korea] We must control new technology: KAIST president

DAEJEON -- Lee Kwang-hyung, president of the Korea Advanced Institute of Science and Technology, underscored the importance of controlling new artificial intelligence technology ethically in his speech at Innovate Korea 2024, held at the Lyu Keun-chul Sports Complex in Daejeon on Wednesday. “In the era of ‘humanism 2.0,’ we are living with ordinary humans, physically improved humans, mentally enhanced humans and AI," he said. “I think that our country and our society

June 7, 2024

[Innovate Korea] Future of robots depends on AI: Rainbow Robotics founder

DAEJEON -- Oh Jun-ho, founder of Rainbow Robotics and a former mechanical engineering professor at the Korea Advanced Institute of Science and Technology, underscored the future of robots lies in artificial intelligence technology. “Robots are ready to do anything, but on their own, they can’t do anything. Bringing movement to them requires human touch like programming, but in the future, AI will be able to take on that role,” he said in his speech at Innovate Korea 2024, hel

June 7, 2024

[Innovate Korea] Innovate Korea 2024 spotlights ‘new humanity’ in AI era

DAEJEON -- Innovate Korea 2024, a major annual science and information communication technology forum hosted by Herald Media Group, shed light on the new form of humanity in the era of advanced artificial intelligence on Wednesday, sharing insights from various experts across a wide range of professions. This year’s event at the Korea Advanced Institute of Science and Technology in Daejeon featured K-pop star G-Dragon, who took part in a panel discussion. Some 3,000 participants gathered,

June 7, 2024

[Innovate Korea] Naver CEO affirms commitment to develop safe, sovereign AI

DAEJEON -- Naver CEO Choi Soo-yeon highlighted how sincerely the IT giant is approaching the burgeoning artificial intelligence technologies in her speech at Innovate Korea 2024, held in Daejeon on Wednesday. “AI technology is a game changer which is developing rapidly, although it also stirs up several concerns,” she said. “Naver has been sincere about AI and we’ve been putting much effort into making a perfect Korean-language AI model.” The Naver chief pointed out

June 7, 2024

Samsung, Verizon chiefs join hands to promote Galaxy series

Samsung Electronics Chairman Lee Jae-yong took off for the US on a trip tightly packed with business meetings with tech leaders and government officials there, with the goal of strengthening existing partnerships for the company's future development, the tech giant said on Thursday. Lee will participate in some 30 meetings scheduled "minute by minute" with heads of major technology firms, and lawmakers and government officials across the US until mid-June, Samsung said. The places

June 6, 2024

LG Electronics introduces AlphaWare at US auto tech show

LG Electronics introduced AlphaWare, its suite of software solutions for software-defined vehicles, at AutoTech: Detroit 2024, revamping its commitment to expanding business in the automotive market. According to the tech giant on Thursday, it joined the global automotive tech show for the first time to share its insights on software-defined vehicles and discuss the challenges and future prospects. During LG’s presentation dubbed, "Beyond the Road: Navigating the SDV Transition,"

June 6, 2024

LG CNS debuts new ERP solution at SAP conference

LG CNS said Wednesday that it debuted its new enterprise resource planning solution at the SAP Sapphire 2024 trade show, which kicked off in Orlando, Florida, Monday. PerfecTwin ERP Edition is an automated testing solution based on actual transaction data. It is specifically tailored for SAP’s enterprise resource planning software to integrate and manage all enterprise operations. The latest solution stands out from traditional methods that verify errors using small data samples, the compa

June 5, 2024

Undervalued no more: Jusung Engineering to spin off chip business

Jusung Engineering, the first-generation chipmaking equipment firm in Korea, has decided to spin off its lucrative semiconductor equipment business into a new entity with hopes of elevating its undervalued market cap. Noting how the company has been suffering from undervaluation, Hwang Chul-ju, the founder and chairman, said the latest decision will boost the value of its chip business, the No. 1 at home. “The company is just way too undervalued when it has proprietary technologies used in

June 5, 2024

Tmax unveils new corporate identity to mark 27th anniversary

Korean software developer Tmax Group celebrated its 27th anniversary Monday by unveiling its renewed corporate identity. Held in Seongnam, Gyeonggi Province, 550 employees joined the anniversary event, with an additional 1,000 participating online through Tmax's collaboration solution, Tmax WAPL. The new CI, introduced by Kim Jae-hwan, chief marketing officer of Tmax, embodies the company's outstanding, boundless and integrative qualities. The vibrant blue color conveys a sense of vita

June 4, 2024

KT, Microsoft forge partnership for AI push

Korean telecommunications giant KT Corp. said Tuesday it has forged a strategic partnership with Microsoft to enhance ties on artificial intelligence, among others. The new partnership, aiming at jointly developing AI, cloud and IT services tailored for the Korean market, was sealed at Microsoft’s headquarters in Redmond, Washington, on Monday, with KT CEO Kim Young-shub and Microsoft CEO Satya Nadella in attendance. With details of the partnership coming in September, this is the first

June 4, 2024

Green energy firms showcase innovations at ENVEX 2024

The Ministry of Environment and the Korea Environment Conservation Institute are co-hosting the International Exhibition on Environmental Technology and Green Energy (ENVEX) at Coex in Seoul, which began Monday and runs to Wednesday. Launched in 1979, ENVEX, now in its 45th year, aims to boost domestic demand and lay export bases for outstanding small and medium-sized green energy enterprises. It boasts the longest history among environmental technology exhibitions in Korea. ENVEX will showcase

June 4, 2024

Samsung out to reclaim foldable crown

Competition in the growing foldable smartphone market is set to get fiercer. Samsung Electronics is out to regain market leadership with a new foldable phone series next month, while Chinese rivals are trying to catch up with the Korean tech giant’s market dominance in the sector. Lenovo-owned Motorola has reportedly passed the Chinese government’s certification and is expected to roll out its new flagship foldable phone, Razr 50 Ultra, within the next month, according to industry so

June 3, 2024