The United States has revealed the details of its “guardrail” proposal for global chipmakers who wish to receive its chips subsidy and have production facilities in China, "loosening" the restriction by allowing the limited expansion of production capacity in China. Home to two of the world's largest memory chipmakers, Samsung Electronics and SK hynix, Korea's chip industry is somewhat relieved ...

South Korean information technology service provider LG CNS said it launched cloud cost optimization service FinOps Clinic, which assesses clients’ cloud usage to offer the optimal budget and reduce overall cloud spending. More companies are using multiple cloud services from multiple service providers, and the new service is aimed to allow clients to effectively manage their costs by identifyin...

The business leaders welcomed the latest agreement of the two countries, where Japan decided to lift export restrictions on key semiconductor materials to Korea, and Korea said it will withdraw its complaint filed with the World Trade Organization against the export curbs. "We welcome the normalization of the shuttle diplomacy of the leaders of the two countries after 12 years, and we appreciate...

Samsung Electronics has purchased more shares in Rainbow Robotics, a local humanoid robotics company, in an apparent move to ramp up its presence in the burgeoning robotics market. In a regulatory filing on Wednesday, Rainbow Robotics reported its Chief Executive Officer Oh Jun-ho and other special interest groups sold their combined 4.8 percent stake in the company to Samsung for 27.8 billion w...

Separately, at this year's venue, Samsung set up an eco-friendly store selling merchandise made from recycled materials, and installed photo booths to add fun for attendees. Many shareholders were also seen attending with their young children. “I came with my son to show what a shareholders meeting is like; I want to teach him investment. We also attended last year’s meeting too,” Lim Dae-sam s...

Trade ministers of South Korea and the Netherlands on Tuesday agreed to further strengthen bilateral cooperation on various industries, especially in the semiconductors amid growing pressures from the US to curb investment in China. South Korean Minister for Trade Ahn Duk-geun met with Dutch Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher to exchange views on the two...

South Korea's chip industry is feeling pressured to take a side between the United States and China in the two superpowers’ strategic rivalry, as Washington recently disclosed some "unusual" requirements for its $52 billion semiconductor funding program aimed at securing an upper hand against Beijing. Home to two of the world's largest memory chip makers, Samsung Electronics and SK hynix, the So...

LG Electronics said Thursday it has elevated its research and development center in Vietnam into a corporate entity as the tech giant seeks to further bolster its fast-growing automotive solutions business. The new unit, called LG Electronics Development Vietnam, will be in charge of developing and testing software for in-vehicle infotainment systems, one of the key products of LG’s vehicle solu...

Celebrating International Women’s Day this week, Samsung Electronics’ top brass will hold luncheon talks with female executives to discuss woman’s leadership in the workplace, the tech giant said Wednesday. Its Co-CEOs Han Jong-hee, the mobile device and home appliance business chief, and Kyung Kye-hyun, who handles the semiconductor business division, will attend the event dubbed “One Table,” s...

Hyundai Motor Hyundai Motor Group, which withdrew from the Japanese car market in 2009 due to lukewarm sales, has been hinting at a grand comeback to the market since last year. “For the last 12 years, we have mulled over (ways to foray into Japan again,)” said Chang Jae-hoon, CEO of Hyundai Motor Group, during a press conference held in Tokyo, on Feb. 8, 2022. “The Japanese market gives us opp...

South Korea and Japan have agreed to hold talks to scrap Tokyo’s export restrictions on key industrial materials to Seoul, taking a step closer toward mending their soured bilateral ties over the years. Korea’s Ministry of Trade, Industry and Energy said Monday it is starting negotiations with its Japanese counterpart to ease export curbs that were imposed in 2019 in an apparent retaliatory meas...

As the latest frenzy over ChatGPT, OpenAI's artificial intelligence chatbot, has prompted global tech giants to jump into commercializing their own large-scale language models and services, anticipation is growing in the semiconductor industry that the new tech market could create lucrative business opportunities and help them clear out mounting inventories. Reflecting the fever for ChatGPT, sha...

As global chipmakers struggle with a severe market downturn, Samsung Electronics managed to maintain its market share while seeing a sharp loss in revenue, data showed on Thursday. According to market tracker TrendForce, global DRAM revenue fell by 32.5 percent in the fourth quarter of 2022, when compared to the previous quarter, showing a decline similar to the 36 percent of the final quarter o...

South Korean telecommunications giant KT said Thursday it is joining hands with Intel to introduce Wi-Fi 7 technology as the first network service operator. KT and Intel signed an agreement on Tuesday to work together to develop and promote Wi-Fi 7 technology, next-generation Wi-Fi standard, on the sidelines of this year’s Mobile World Congress in Barcelona, Spain, the Korean telecommunications ...

SK Square Vice Chairman and CEO Park Jung-ho on Tuesday showed high expectations about joint management with Sweden’s EQT Infrastructure to nurture SK Shieldus into a global security firm. In a press conference held on the sidelines of this year's Mobile World Congress in Barcelona, Spain, Park -- who also doubles as SK hynix CEO -- revealed that EQT Infrastructure will purchase a total 68 perce...