LG, Hyundai join forces to advance robot-friendly buildings

LG Uplus and Hyundai Motor Group have teamed up to develop an ecosystem of communication infrastructure for robot-friendly buildings to secure core technologies required for automation, the companies said Monday. According to the announcement, the mobile carrier and automaker agreed to collaborate in crafting total solutions for robotics, such as providing communication services tailored for robots and developing standard and certification systems that can assess robot-friendly buildings’

Oct. 30, 2023

[Photo News] IT competition for youth with disabilities

LG Electronics said Monday it held the Global IT Challenge, a five-day IT skills competition for youth with disabilities, in Abu Dhabi, UAE, last week. Since its launch in 2011, more than 5,000 students from 40 countries have participated in the competition, which aims to enhance their accessibility to IT services and help them advance into society. (LG Electronics)

Oct. 30, 2023

LG Electronics to bolster B2B push as competition from China grows

South Korean home appliance giant LG Electronics said Friday it would further develop strategies tailored to each country's consumption patterns and demand to deal with the aggressive global market penetration of Chinese rivals. "Chinese firms have deviated from a low-cost strategy and are actively investing in each production region, while strengthening their products and brand power," Kim I-kueon, vice president and head of home appliance and air solution business division at LG

Oct. 27, 2023

Meta fails to provide communication channel in Korea: lawmaker

Meta Platforms has failed to provide a proper channel for communication to uphold its legal responsibilities in Korea, a lawmaker claimed Friday, citing data provided by the Ministry of Science and ICT. The Science Ministry lacks basic contact details for Meta Communication Agent Limited, which refers to Meta's legal entity that is supposed to serve as a communication channel with Korean authorities. The only available means of contact to the agent is an automated landline that redirects ca

Oct. 27, 2023

[KH Explains] A look back on Lee Jae-yong's first 'New Samsung' year

Friday is the first anniversary of Samsung Electronics Executive Chairman Lee Jae-yong's official ascension to the top post at Korea's largest conglomerate. Over the past year, the Samsung chief conducted various management activities to explore new opportunities, laying the foundation for his own “New Samsung” vision, while succeeding the legacy of his father, the late Chairman Lee Kun-hee, who died three years ago. Experts agree that his push for “supergap technology” i

Oct. 26, 2023

SK hynix to boost investment in HBM, DDR5 chips

SK hynix, the world’s second-largest memory chip maker, said Thursday that it plans to boost its investment in high-value DRAM chips such as High Bandwidth Memory and DDR5, in line with the growth of the artificial intelligence market. “The capital expenditure for next year will increase compared to this year. … We’ll minimize the expansion by considering investment efficiency and financial stability,” Kim Woo-hyun, vice president and chief financial officer at SK

Oct. 26, 2023

LG Chem sets up R&D center in Georgia

South Korean chemical giant LG Chem said Wednesday that it has set up a new research and development center in the US state of Georgia called the North America Innovation Center, as part of its big push to secure global talent for its burgeoning next-generation materials business. The new plan was unveiled as part of its partnership with the Georgia Institute of Technology signed a day before. Under the agreement, the center will serve as an R&D base for diverse collaboration projects with n

Oct. 25, 2023

KT, Hyundai E&C, Saudi’s STC team up for digital infrastructure

KT Corp. said Tuesday it will establish a digital infrastructure in Saudi Arabia together with Hyundai Engineering & Construction and Saudi Telecommunication Company (Saudi Telecom), in line with the kingdom’s aims to diversify its industry structure under Saudi Vision 2030. KT said that it signed a memorandum of understanding with Hyundai E&C and STC Group – the parent organization of Saudi Telecom -- in Riyadh on Monday during President Yoon Suk Yeol’s state visit to

Oct. 24, 2023

[KH Explains] Samsung-SK rivalry heats up for future chips

Competition is heating up between South Korean chip rivals Samsung Electronics and SK hynix to take the lead in the Compute Express Link, or CXL, technology amid its ongoing High Bandwidth Memory chip supremacy war. Although the market is still at the nascent stage, the two global DRAM leaders are seeing CXL as a potential game changer. CXL is an open, industry-supported interconnect between processors and devices such as accelerators, memory buffers and smart devices. It is considered a key tec

Oct. 24, 2023

Naver to build digital twin platform for Saudi cities

South Korean internet giant Naver said Tuesday it has secured a large-scale deal in Saudi Arabia to build a cloud-based digital twin platform for the kingdom’s futuristic smart city project. The deal signing ceremony was held in Saudi capital Riyadh on Monday upon President Yoon Suk Yeol’s state visit. Naver didn’t reveal the exact size of the deal, but the presidential office hinted that it could amount to $100 million. Under the agreement signed with Saudi Arabia’s Mini

Oct. 24, 2023

[Photo News] OLED canvas

LG Electronics’ exhibition booth is seen at the 2023 Digital Art Fair Hong Kong, Asia’s largest digital art trade show, being held from Thursday to Monday. The Korean tech giant is displaying some 100 OLED TVs and signage products as an official sponsor. (LG Electronics)

Oct. 22, 2023

KT, Jasmine team up for Thai AI language model

KT Corp. said Sunday it is teaming up with Thailand’s telecom giant Jasmine Group to co-develop an artificial intelligence language model specialized in Thai and to launch related services together in Southeast Asia. Following the signing of a memorandum of understanding in September last year, top executives, including KT CEO Kim Young-shub and Jasmine Group Chairman Pete Bodharamik, gathered in Seoul on Thursday to discuss more details of the partnership. Under the extensive partnership,

Oct. 22, 2023

[Photo News] Hana hall of fame

Hana Financial Group Chairman Ham Young-joo (third from right), Vice Chairman Lee Eun-hyung (third from left), and other company officials unveil the Hall of Fame for top employees at Hana Global Campus in Cheongra, Incheon, Saturday. A total of 186 employees have been selected to honor their performance across sales, marketing and consumer satisfaction. The financial giant said the new launch aims to create a customer-first corporate culture. (Hana Financial Group)

Oct. 22, 2023

Samsung unveils next-generation memory solutions on Memory Tech Day

Samsung Electronics unveiled its newest chip technologies and products at its annual global event in San Jose, California, Friday, eyeing a key role in providing hyperscale artificial intelligence models. Under the theme of “Memory Reimagined,” about 600 people, including technicians, analysts and industry officials, attended this year’s Memory Tech Day to look into Samsung’s technologies in areas such as cloud, edge devices and automobiles. The tech giant unveiled its la

Oct. 21, 2023

[Photo News] Samsung chief checks R&D complex

Samsung Electronics Chairman Lee Jae-yong (right) reviews construction work at the site of the company's new R&D complex in Giheung, Gyeonggi Province, Thursday. Before the inspection, Lee held a management meeting on chip strategy at Samsung Electronics Semiconductor Research Center and urged executives to create a turning point for innovation as global uncertainties continue. (Samsung Electronics)

Oct. 19, 2023

LG Energy Solution's new residential ESS to hit US market

LG Energy Solution said Thursday it is set to launch a new residential energy storage system device lineup called LG enblock S in the United States next month. Installed with nickel, manganese and cobalt batteries, the LG enblock S is a device with high energy density that can provide a wide range of power sources for households. “With LG enblock S products, households can save energy and lower electric bills. They can also be used as a backup power source when the electricity is shut do

Oct. 19, 2023

Scholars shed light on late Samsung chief’s management initiatives

A week ahead of the third anniversary of the late Samsung Group Chairman Lee Kun-hee’s death, scholars gathered at a global academic conference in Seoul on Wednesday, looking back on his management initiatives introduced three decades ago. About 300 scholars from Korea and abroad attended the event hosted by the Korean Academic Society of Business Administration, reminiscing about the late Samsung patriarch’s business philosophy, leadership and contributions to Korean society. &ldquo

Oct. 18, 2023

Uncertainties alleviated for Samsung, SK chip plants in China: trade chief

South Korea’s Trade Minister Ahn Duk-geun said Tuesday that the US government’s recent decision to allow exports of its chip equipment to Samsung Electronics and SK hynix plants in China has greatly relieved uncertainties surrounding the top memory chip makers’ operation and investment there. “The latest achievement came after mobilizing all consultation channels centering on the presidential office and the Ministry of Trade, Industry and Energy, while closely communicati

Oct. 17, 2023

Doosan Robotics to supply chicken-frying robots to Kyochon

Doosan Robotics, South Korea’s largest collaborative robot manufacturer under the conglomerate Doosan Group, said Monday it will supply chicken-frying collaborative robots to fried chicken franchise Kyochon F&B. Under the deal, Doosan will install its first collaborative robot at Kyochon F&B headquarters in Osan, Gyeonggi Province within this month, with plans to do so at other Kyochon franchise stores nationwide. Doosan Robotics co-CEOs Park In-won and Ryu Jung-hoon, Kyochon F&

Oct. 16, 2023

[KH Explains] Amazon's cloud industry plans raise fears of monopoly in Korea

Not satisfied with its dominant position in the Korean market, Amazon Web Services, the cloud business arm of US tech giant Amazon, appears to be attempting to occupy an even greater presence here with an aggressive investment strategy, putting domestic companies under growing pressure. According to a recent announcement made by AWS in Seoul, it plans to invest 7.85 trillion won ($5.88 billion) in Korea’s cloud computing infrastructure by 2027. The amount is about triple its previous 2.73

Oct. 15, 2023