Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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[CES 2024] SK attracts over 60,000 visitors to 'theme-park' showroom of AI, net-zero future
SK Group showcased its artificial intelligence and carbon-neutrality visions at its "theme-park" concept exhibition at CES 2024, attracting over 60,000 visitors in the four-day tech show. Wrapping up the exhibition on Friday, SK Group said it received more than double the number of visitors at its pavilion set up at Las Vegas Convention Center compared to last year. SK's seven affiliates, including SK Inc., SK Innovation, SK hynix, SK Telecom, and SK E&S, participated in setti
Jan. 12, 2024
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SK Networks invests W25b in Upstage
SK Networks on Friday announced that it will invest 25 billion won ($19 million) in Upstage, a Korean startup specializing in generative AI solutions, as it seeks to expand its business in the emerging technology. The company, a general trading affiliate of SK Group, said it forged the deal to support Upstage, which is leading in the private large language model market, becoming the lead investor in the startup's Series B funding. “We are looking to back Upstage's market expa
Jan. 12, 2024
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[CES 2024] [From the Scene] Thrill rides at SK’s tech-savvy theme park
LAS VEGAS -- A Disney-like amusement park came to life at the Las Vegas Convention Center for the CES 2024, the world's largest annual tech show, which kicked off in Las Vegas on Tuesday. “SK Wonderland,” the name of SK Group’s pavilion, resembled a fairy-tale theme park, greeting visitors with a series of unique and colorful attractions operated by the energy-to-telecom conglomerate’s advanced technologies. In collaboration with SK’s seven affiliates, includin
Jan. 11, 2024
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[CES 2024] Samsung Electro-Mechanics CEO pins high hopes on AI
LAS VEGAS -- Samsung Electro-Mechanics CEO Chang Duck-hyun unveiled the company's new vision centering on four key technology developments -- the mobility industry, robots, artificial intelligence and servers, as well as energy -- to respond to the development of future industries in advance. "The electronics industry is expected to quickly enter an era where humanoids incorporating AI are applied to daily life and industry beyond mobile and mobility platforms," Chang said at a
Jan. 11, 2024
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[CES 2024] LG to double spending for growth
LAS VEGAS -- LG Electronics CEO Cho Joo-wan said Wednesday that the tech giant will spend about 10 trillion won ($7.6 billion) in annual investment, more than double 2023's spending, to maximize its future growth engines despite lingering uncertainties in the macroeconomic circumstances. “We’re committed to maximizing future growth by expanding investment, mainly focusing on key businesses with high-growth and high-profit such as electronics, heating, ventilation and air conditi
Jan. 11, 2024
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[Photo News] S. Korean business moguls visit CES 2024
Leaders of major corporations in South Korea toured exhibition booths on the opening day of the CES 2024 at the Las Vegas Convention Center, in Las Vegas, Tuesday. Among those who made an appearance at the annual global tech show were SK Group Chairman Chey Tae-won, SK Executive Vice Chairman and SK On CEO Chey Jae-won, Hyundai Motor Group Executive Chair Chung Euisun, HD Hyundai Vice Chairman Chung Ki-sun, GS Group Chairman Huh Tae-soo, and Samsung Electronics Vice Chairman Han Jong-hee.
Jan. 10, 2024
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[CES 2024] Samsung CEO hints at plans for ‘megadeals’
LAS VEGAS – Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said the South Korean tech giant may set out a plan for megasized mergers and acquisitions this year as a way to solidify its leadership in the global market. “To strengthen our existing businesses and discover future growth engines, we’ve been steadily on M&A deals. We are hopeful that a new (M&A) plan will come up within this year,” Han said at a press conference Tuesday on the sidelines of CE
Jan. 10, 2024
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[CES 2024] AI success hinges on steady, strategic investments: Chey
LAS VEGAS/SEOUL -- The era of artificial intelligence is opening, and its success will depend on how the market is created to measure up to high expectations and investment, SK Group Chairman Chey Tae-won said, taking part in the CES 2024 technology show in Las Vegas on Tuesday. After touring the showrooms of Samsung Electronics and LG Electronics on the opening day of the world's largest tech show, Chey pointed to transparent TV screens as novel items that may open an entirely new product
Jan. 10, 2024
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[CES 2024] G-Dragon spotted at CES
K-pop artist G-Dragon was spotted visiting the CES 2024, the world’s largest tech show which kicked off in Las Vegas on Tuesday. G-Dragon popped into the showrooms of Korean tech firms, including Samsung Electronics, LG Electronics, and SK Group, where he explored their cutting-edge technologies. When asked about his surprise visit to the tech show, he replied, “I’m interested in all technologies, and came to learn more about AI.” Stopping by SK Group’s exhibition b
Jan. 10, 2024
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[Photo News] Coming soon
A teaser video for Samsung Electronics’ Unpacked event touting its flagship Galaxy lineup is screened on the Sphere, a new landmark in Las Vegas, Tuesday. The tech giant is scheduled to unveil its Galaxy S24 smartphones with enhanced artificial intelligence features next week in San Jose, California. (Samsung Electronics)
Jan. 10, 2024
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[Photo News] OLED tunnel
Visitors pass through tunnel-like display screens at LG Electronics’ exhibition booth during the CES tech show in Las Vegas on Tuesday. Some 140 OLED screens are used to feature diverse video content running on the tech giant’s smart TV platform, webOS. (LG Electronics)
Jan. 10, 2024
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Samsung warns of worse than expected earnings in Q4
Samsung Electronics is estimated to have recorded its lowest operating profit in 15 years in 2023, with its chip business only slightly recovering at the end of the year after hitting rock bottom in the wake of sluggish demand and high inventory. In its earnings guidance released Tuesday, the tech giant projected its annual sales for the year at 258.1 trillion won ($196 billion), which is down by 14.5 percent on-year. Operating profit is estimated at 6.54 trillion won, plunging 84.9 percent when
Jan. 9, 2024
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[CES 2024] LG Innotek presents tech for mobility, 5G
LG Innotek, an electronic component manufacturing unit under LG Group, said Tuesday it unveiled cutting-edge technologies for autonomous driving cars and 5G telecommunications at the CES 2024 in Las Vegas on Monday. The company carried out a pre-booth tour and introduced three zones in the exhibition booth -- mobility, artificial intelligence and future pathway -- prior to the official unveiling. In the main mobility zone, the company displayed a mock-up of a self-driving car installed with 18 c
Jan. 9, 2024
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[CES 2024] SK hynix seeks memory chip leadership in AI era
LAS VEGAS -- SK hynix, the world's second-largest memory chip maker, on Monday unveiled its ambitious goal of hitting 200 trillion won ($150 billion) in market cap in the next three years, consolidating its leadership in the burgeoning era of artificial intelligence. “Currently, our market cap stands at about 100 trillion won. In the next three years, we aim to reach 200 trillion won,” SK hynix CEO Kwak Noh-jung said during the company’s first-ever press conference held at
Jan. 9, 2024
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Samsung champions on-device AI for future technological leadership
Samsung Electronics Co. said Monday it will focus on utilizing on-device artificial intelligence as a key driver to sustain its leadership position in the highly competitive smartphone and consumer electronics markets. In a press conference on the eve of the official opening of this year's annual CES in Las Vegas, the South Korean tech giant envisioned that AI will revolutionize user experiences, making devices more intuitive and convenient than ever before. "With the emergence of AI,
Jan. 9, 2024
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LG Electronics eyes record sales of W84tr in 2023
LG Electronics is expected to record its highest revenue ever of 84 trillion won ($64 billion) in 2023, backed by solid performance in its core businesses, including automotive products, and effective management, the company's preliminary earnings showed on Monday. Despite challenges posed by delayed demand recovery from the economic slowdown and heightened market competition, LG Electronics marked its third consecutive year of achieving the highest annual revenue, the tech giant said. The
Jan. 8, 2024
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[CES 2024] SK to showcase net-zero, AI tech at CES
LAS VEGAS -- Two days ahead of the kick-off of CES 2024 in Las Vegas, SK Group said it is ready to draw much attention from global partners and attendees at the annual tech show by showcasing its up-to-date technologies in carbon reduction and artificial intelligence this year. In a press conference held with a group of Korean reporters on Sunday (local time), SK USA Vice President Kim Dong-hyun showed confidence in the group’s capabilities to present its key tech affiliates’ solut
Jan. 8, 2024
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[Photo News] Era of AI screen
Samsung Electronics Executive President Yong Seok-woo, in charge of the display division, delivers a speech about the company's vision to open the "era of artificial intelligence screen," at the Samsung First Look event held on the sidelines of CES in Las Vegas on Sunday. At the event, the tech giant unveiled its third-generation AI processor, named NQ8 AI, which will support TVs to become the connector and controller of home appliances, as well as the Neo QLED 8K TV featuring the
Jan. 8, 2024
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[Photo News] Wireless, transparent
LG Signature OLED T, the world's first wireless and transparent OLED TV, is displayed at the tech giant's exhibition booth for CES 2024, the world's largest tech show that kicks off in Las Vegas on Tuesday. The 77-inch TV, equipped with the Alpha 11 processor, has upgraded graphics and app processing speed. When turned off, the transparent screen offers openness to the space as well, the company said. (LG Electronics)
Jan. 8, 2024
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[CES 2024] Merck to unveil vision for 'material intelligence' at CES
Merck, a German-based science and technology company, will present its contributions to advancing the electronics industry through "material intelligence" at CES 2024, the company said Monday. “We are pushing the boundaries of science and technology to make future trends possible. Together with our customers, we enable artificial intelligence,” said Kai Beckmann, a member of Merck's executive board and CEO of the electronics division. “Our customers use our mater
Jan. 8, 2024