Articles by Jie Ye-eun
Jie Ye-eun
yeeun@heraldcorp.com-
Merck to pour capital into Korea's AI chip industry
Merck, the science and technology juggernaut based in Germany, will continue to put capital into Korea in line with the growth of the country's semiconductors industry while expanding cooperation with key clients and the world's two largest memory chip producers, Samsung Electronics and SK hynix. The German firm is seeking to leverage its capabilities to supply materials and equipment needed for chip manufacturing as its Korean clients increase their investments into artificial intelli
Technology Feb. 2, 2024
-
Naver to rev up generative AI services
After logging all-time high earnings last year, Naver CEO Choi Soo-yeon expressed her determination to strengthen the tech giant's core search platform and commerce services using generative artificial intelligence technology this year. "Based on AI and data, Naver will focus on enhancing competitiveness in key businesses, including search engines and commerce platforms," Choi said during the company’s earnings conference held on Friday. Choi expected that Cue, a generative
Technology Feb. 2, 2024
-
Samsung reduces chip deficit in Q4 on DRAM recovery
Samsung Electronics said on Wednesday it narrowed the size of the semiconductor deficit in the October-December period, as a result of its ongoing chip production cut efforts. “As we revised down (the chip output), the chip inventories decreased rapidly in the fourth quarter, especially for DRAM memory chips,” Kim Jae-june, executive vice president in charge of memory marketing strategy, said in the fourth-quarter earnings call. He also said the tech giant will continue cutting its m
Technology Jan. 31, 2024
-
US Chamber criticizes Korea's move to pass platform law
The US Chamber of Commerce has openly opposed a proposed act aimed at preventing unfair market activities by major online platform players, voicing concerns over the country’s apparent rush to pass the law. Charles Freeman, senior vice president for Asia at the US Chamber, issued a statement warning Seoul on the push for the rules on Monday and called for transparency and open dialogue with Korea’s antitrust regulator that “an action of this magnitude requires.” "It
Industry Jan. 30, 2024
-
[Herald Interview] Dell ready to empower Korea to unlock potential of AI
US tech giant Dell Technologies has jumped on the generative artificial intelligence bandwagon with a range of new AI offerings combining its hardware and software prowess. The firm is also setting its sights on Korea, a tech powerhouse aspiring to become a potent player in the burgeoning AI era. “Korean firms, from manufacturing giants to internet and cloud service providers, have embraced AI faster than their Asian rivals. We are confident in saying that Dell was at the center of the jou
Technology Jan. 29, 2024
-
LG supports AI art program at Guggenheim Museum
LG Group said Monday it supported an art program showcasing three artificial intelligence-integrated artworks of Brooklyn-based artist Stephanie Dinkins at the Solomon R. Guggenheim Museum in New York on Thursday. “Late Shift x Stephanie Dinkins” shed light on how AI tends to have the mindset of the majority, easily overlooking and further ostracizing those living in the gray areas of society. Dinkins is an artist who uses cutting-edge technologies such as AI, augmented reality and v
Industry Jan. 29, 2024
-
[Photo News] Record preorders
Customers line up to activate their preordered Galaxy S24 smartphones at Samsung Electronics’ flagship store in southern Seoul on Friday. The latest smartphone scored record preorders in Korea, selling more than 1.21 million units during the preorder period from Jan. 19-25. On Sunday, Samsung said it is extending the preactivation period to Feb. 8, due to an influx of customers. (Samsung Electronics)
Technology Jan. 28, 2024
-
LG Electronics reports another sales record
LG Electronics reported another year of record sales in 2023, driven by upbeat sales of home appliances and automotive parts and solutions, the Korean tech giant said in its earnings conference Thursday. The company posted all-time high annual sales of 84.2 trillion won ($62.9 billion) last year, up 0.9 percent from the year before. This is the third consecutive year the company has achieved record-breaking sales figures. Despite the global economic downturn and decreased demand, LG Electronics&
Technology Jan. 25, 2024
-
LG Display raises OLED sales target
LG Display said Wednesday it would focus investment on OLED displays this year, seeking to continue growth momentum after it posted the first profit in seven quarters in the October-December period last year. “The panel demand, which has been volatile over the past three years due to COVID-19, is expected to stabilize this year. … We have raised our internal OLED panel shipment goal for this year by 20 percent on-year,” an LG Display official said during the company’s
Technology Jan. 24, 2024
-
SK becomes No. 2 in market cap
SK Group has reclaimed its title as the nation’s second-largest conglomerate in terms of market capitalization, largely buoyed by its chipmaking unit SK hynix’s strong performance in recent months. According to market tracker Korea CXO Institute on Tuesday, SK Group’s market cap surged to 171.87 trillion won ($128.8 billion) as of Friday’s close, surpassing LG Group’s 167.77 trillion won on the nation’s main bourse Kospi. The figures included the value of pref
Industry Jan. 23, 2024
-
OpenAI CEO mulls visiting Seoul to seek chip partner
Sam Altman, the CEO of OpenAI, is reportedly arranging a meeting with SK Group Chairman Chey Tae-won on his trip to Korea this week, as he seeks to meet a growing need for semiconductors while reducing reliance on the US artificial intelligence chip leader, Nvidia. Altman’s upcoming visit will mark his first in seven months since he was in Seoul at the invitation of the Ministry of SMEs and Startups in June 2023. The OpenAI chief previously showed a strong willingness to explore joint chip
Technology Jan. 22, 2024
-
LG Innotek to suspend production at Pyeongtaek motor plant
LG Innotek, the electronic component manufacturing unit of LG Group, will suspend the production of its vehicle motor plant in Pyeongtaek, Gyeonggi Province, later this year to relocate facilities to other sites at home and abroad, according to industry sources Friday. With the planned relocation, the company is expected to streamline operations and improve profitability. The facilities are likely to be transferred to the company’s other motor plants in Gwangju, China, Mexico and Poland. T
Technology Jan. 19, 2024
-
[From the Scene] SK's recycling unit breathes new life into e-waste
LAS VEGAS -- In the middle of the sandy windswept desert of Las Vegas, SK Ecoplant’s recycling subsidiary, TES, realizes a circular economy through the destruction and recycling of electronic waste. The 3,700-square-meter facility, the fourth of its kind in the US, specializes in IT asset disposition, or ITAD, which destroys various types of information stored in IT equipment -- from PCs and laptops, to hard disks and data center equipment -- in a safe and environmentally responsible way.
Technology Jan. 16, 2024
-
How will Taiwan election affect Korean chips?
The victory of the US-friendly Democratic Progressive Party candidate Lai Ching-te in Taiwan's presidential election has raised concerns about its potential impact on the Korean semiconductor industry and the global supply chain. South Korea's two leading semiconductor makers -- Samsung Electronics and SK hynix -- are reviewing the impact of the election results on the global foundry market, but the outlook appears mixed, experts said Monday. Experts pointed to the geopolitical risks f
Technology Jan. 15, 2024
-
[CES 2024] [Herald Interview] SK Telecom to bolster AI ties with big tech firms
LAS VEGAS -- South Korea's largest telecom carrier SK Telecom is seeking to expand cooperation with big tech firms to fulfill its vision of becoming a "global AI company," according to its AI assistant service chief on Wednesday. "SK Telecom’s AI services are anticipated to achieve effective results based on various possibilities and capabilities both here and abroad. To accelerate our global business expansion, we’ve formed a global tech alliance and cooperated w
Technology Jan. 12, 2024
Most Popular
-
1
Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
-
2
Doctors' group picks new leader amid tense standoff over increased enrollment quota
-
3
Seoul bus drivers go on general strike, cause morning rush hour delays
-
4
Official campaigning kicks off for April 10 elections
-
5
Dialogue hopes fade as doctors pick hard-liner as new head
-
6
Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
-
7
[Election Battlefield] Political novice to face off star politician in ‘swing district’
-
8
[Kim Seong-kon] The April 2024 election will decide our future
-
9
Seoul’s bus union prepares for strike
-
10
[Hello India] Corporate Korea sees new growth drivers in India