South Korea’s antitrust regulator said Thursday it is imposing a fine of 19.1 billion won ($14.2 million) on US chipmaker Broadcom, along with a corrective order, for its unfair business activities against Samsung Electronics. The move came as the US chipmaker forced Samsung to sign a long-term contract to use its telecommunications components in 2020 by abusing its market dominance and using unlawful tactics, including cutting off its supply and technical support, the Fair Trade Commissio

Technology Sept. 21, 2023

South Korea's new Industry Minister Bang Moon-kyu on Wednesday vowed sincere efforts to expand exports for the country’s economic growth and to restore the ecosystem of nuclear power plants here swiftly. “We will do our best to expand exports that will revive our economy. … It’s important to expand private investment to spread export momentum. For this, the government will mobilize all resources and capabilities,” Bang said in his inaugural speech. Korea'

Industry Sept. 20, 2023

Samsung Group’s guide dog school, which began operations after the late Chairman Lee Kun-hee’s new management declaration in September 1993, celebrated its 30-year anniversary Tuesday. Samsung held a ceremony commemorating the occasion at Samsung Guide Dog School in Yongin, Gyeonggi-do, sharing gratitude for the late chairman’s insights, philosophy and passion for his dogs. Lee Kun-hee established Korea’s first school for dogs, aimed at training them for work with the vis

Industry Sept. 19, 2023

SK Broadband Co., a major South Korean internet service provider, said Monday that it will end a yearslong legal battle over network usage fees against US streaming giant Netflix. “We agreed to withdraw all disputes in the interests of the greater success of both companies, reflecting the common intention of putting values on customers first,” an SK Broadband official said without giving details of the agreement. “But our position on the necessity of network usage fees remains

Industry Sept. 18, 2023

South Korean IT solutions provider LG CNS said Sunday it has teamed up with a Chinese artificial intelligence-powered robotic solutions firm to carry out joint projects in domestic e-commerce logistics centers. The two firms signed a memorandum of understanding to integrate Shanghai-based XYZ Robotics’ robot solutions with LG’s robotic integrated operations platform. Additionally, all robot solutions provided by the newly integrated platform will be offered via the robot as a service

Industry Sept. 17, 2023

South Korean telecommunications giant KT Corp. has suggested to the Ukraine government ways of improving the war-torn country's telecom infrastructure and operating with energy efficiency, upon its participation at a forum hosted by South Korea’s Ministry of Land, Infrastructure and Transport in Ukraine's capital Kyiv on Thursday. KT was among the 18 state-run and private firms specializing in housing, public water supply, airports, environmental technology, construction, vehicle

Technology Sept. 17, 2023

Samsung Display has gained an upper hand in its legal fight over patent infringement against its Chinese rival BOE Technology, as the US trade agency backed the Korean firm's claims. On Monday, the US International Trade Commission, an independent, quasi-judicial federal agency, upheld all interpretations of Samsung’s claims in its five patent infringement cases against the Chinese firm. The latest pretrial order comes after a hearing in June to examine eight technical terms with diff

Technology Sept. 14, 2023

SEJONG -- Fair Trade Commission Chairman Han Ki-jeong on Thursday vowed that the antitrust regulator will continuously make efforts to promote fair and innovative competition in the fast-evolving digital market, while closely monitoring platform monopolization. “As the paradigm shift to the digital economy is expected to proceed rapidly, we’ll strive to establish institutional foundations for the digital market,” Han said in a press conference held at the Sejong Government Comp

Economy Sept. 14, 2023

South Korean IT solutions provider Samsung SDS unveiled new services that will allow its clients to easily adopt generative artificial intelligence in their businesses to improve work productivity, with the aim to usher in hyperautomation innovation. “There has been a view that generative AI will fall into a chasm due to the variability of human languages, but large language models (LLMs) have paved the way for a true hyperautomation of office work,” Samsung SDS president and CEO Hwa

Technology Sept. 12, 2023

The Organization for Economic Cooperation and Development's competition chief, Frederic Jenny, lauded South Korea for challenging Google’s monopoly in the fast-evolving digital market, saying that Korean authorities have sent a lot of signals to the US tech giant and beyond. “Google (now) understands that Korea is very serious about maintaining competition and not allowing practices that are anti-competitive,” Jenny, the chair of the OECD Competition Committee, told The Ko

Economy Sept. 11, 2023

South Korean telecommunications giant KT Corp. on Monday said it has signed a memorandum of understanding with a Singapore-based postal service provider to drive digital transformation in logistics. Under the partnership, KT and Singapore Post, or SingPost, agreed to pilot digital logistics transportation optimization in seven regions across Singapore, leveraging the Korean telecommunications company’s artificial intelligence transportation platform, Logistics Intelligence Suite for Fleet

Technology Sept. 11, 2023

South Korea will likely become a leader in promising technology sectors, including the sixth-generation telecommunications network and artificial intelligence, say executives of UK-based mobile industry nonprofit, the GSM Association, or GSMA, the organizer of the Mobile 360 series, citing Korea‘s track record as a leader in digital innovation. “When I first came here for the 5G leaders event, the ICT minister (of Korea) said it was Korea’s ambition to export 5G. I expect the s

Technology Sept. 8, 2023

Kim Young-shub, the new CEO of South Korea’s telecommunications giant KT Corp., vowed Thursday to make the company a leader in the digital era by converging the capabilities of the wireless carrier’s information technology and communication technology during his term. “By raising the level of KT’s ICT capabilities, we’ll discover new businesses with potential, such as health care and smart cities, and turn KT into a leading firm that stands shoulder to shoulder with

Technology Sept. 7, 2023

The Mobile 360 APAC, the Asia-Pacific leg of the conference organized by the UK-based mobile industry nonprofit GSMA, kicked off the two-day event in Seoul on Thursday, under the theme of “leading a digital-first future.” It marked the first time the annual event took place in South Korea, as Singapore had been the key destination for the APAC conference. Some 1,000 government and mobile industry leaders from more than 50 countries gathered to share insights on the future of key tech

Technology Sept. 7, 2023

Samsung Electronics co-CEO Kyung Kye-hyun, who oversees the tech giant’s chips business, expressed confidence in the foundry competition with its archrival, Taiwan Semiconductor Manufacturing Co., in line with the construction of a new chip plant in Taylor, Texas. Kyung visited Seoul National University on Tuesday to deliver a special lecture, titled “Dream & Happiness of Samsung Semiconductor: Sustainable Future," to promising talents. The lecture was preceded by those previous

Technology Sept. 6, 2023