Articles by Park Se-ra
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Park Se-ra
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KIAT to support tech firms with regulatory sandbox
Korea Institute for Advancement of Technology is collaborating with the Ministry of Trade, Industry and Energy to bolster financial and direct investment support for companies approved under their collaborative regulatory sandbox. On Wednesday, KIAT hosted the first Investor Relations Day event for companies joining the regulatory sandbox initiative in Seoul. The event featured business presentations and one-on-one funding consultations. The regulatory sandbox permits the government to temporari
Industry July 24, 2024
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Amorepacific tops beauty sales during Amazon Prime Day
South Korean beauty giant Amorepacific said Wednesday that several of its brands topped sales during Amazon Prime Day, the global online retailer's largest shopping event. Amazon Prime Day is an exclusive annual event for its Prime members that took place on July 16 and 17 this year. Amorepacific’s key brands, including Cosrx, Laneige and Aestura, joined the event this year. In the beauty and personal care category, the Advanced Snail 96 Mucin Power Essence, Cosrx's flagship prod
Industry July 24, 2024
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Seomjae to debut AI-powered math program at CES 2025
Seomjae, a Seoul-based education solutions developer, is set to launch officially its AI Retrieval-Augmented Generation model-based mathematics learning program at the Consumer Electronics Show in Las Vegas next January. In preparation for the launch, Seomjae announced on Tuesday that it completed gathering beta testers for the program. The beta test, starting on July 29 and lasting about a month, will involve 50 students from Seoul, Ulsan, and Boston. The program, developed over two years by a
Technology July 23, 2024
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K-water, Naver to set up water management platform for Saudi Arabia
Korea Water Resources Corp., or K-water, is officially set to commence a water management platform in Saudi Arabia jointly with Korean internet giant Naver, for the next five years, the state-run water management agency said Tuesday. The project was announced in a statement by Naver and Saudi Arabia's Ministry of Municipal and Rural Affairs and Housing. This official agreement builds on a partnership initially established between Naver and K-water earlier this month, aiming to penetrate t
Industry July 23, 2024
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Samsung's Galaxy to feature enhanced gaming with Krafton's 'Dark and Darker Mobile'
Samsung Electronics and Krafton have partnered to optimize the forthcoming game "Dark and Darker Mobile" for the latest Galaxy series, set to be installed next month, according to the tech giant on Tuesday. The two firms have integrated advanced 3D graphics technology, Vulkan, into the game, enhancing visual realism and supporting Dolby Atmos sound effects. Key models, including the Galaxy Z Fold6, Galaxy S24 Ultra and Galaxy S23 Ultra, will feature Ray Tracing technology to deliver li
Industry July 23, 2024
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Korean Air's first Boeing 787-10 to take off for Tokyo
Korean Air said Monday that it will launch the first flight of the newly acquired Boeing 787-10 (B78X) on the Incheon-Narita route on Thursday. The Boeing 787-10 Dreamliner is the largest and most advanced in the 787 series, with contributions from the nation's flag carrier in the 787 series' design and production. With a fuselage length of 68.3 meters -- approximately five meters longer than the previous 787-9 model -- the 787-10 can transport 15 percent more passengers and cargo. How
Industry July 22, 2024
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Samsung acquires UK tech startup to expand on-device AI capabilities
Samsung Electronics said Thursday that it has acquired Oxford Semantic Technologies, a UK-based startup, to enhance the on-device AI integrated into its Galaxy series. According to the tech giant, the acquisition was formalized Tuesday, though the financial details have yet to be disclosed. The acquired firm, founded in 2017 by three professors from the University of Oxford, leads in knowledge graphs, a key technology for advancing and personalizing artificial intelligence. This technology, whic
Technology July 18, 2024
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Celltrion's Remsima SC hits record share in Europe in Q1
Celltrion’s subcutaneous injection formulation of the autoimmune disease treatment infliximab, known as Remsima SC or Zymfentra, has secured a bigger footing in Europe, the Korean biosimilar giant said Wednesday. Citing the global pharmaceutical market research firm IQVIA, Celltrion said that Remsima SC made up about 21 of the market share across Europe in the first quarter of this year, the highest figure since its European launch in 2020. The company attributed the robust growth to its
Industry July 17, 2024
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Posco International supports SMEs for global expansion
Posco International said Tuesday that it is supporting the nation’s small- and medium-sized enterprises to expand their business abroad by offering its own networks and infrastructure around the world. As part of the shared growth initiative, a group of 11 business people visited Canada last week to meet with potential buyers and nurture new business opportunities. Posco International, the trading and energy arm of Posco Group, plans to operate a field trip program in eight countries, in
Industry July 16, 2024
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SKT debuts veterinary diagnostic service in North America
SK Telecom said Monday that it has sealed partnerships in Canada and the US to expand its proprietary artificial intelligence-driven veterinary diagnostic service, X Caliber, into the North American pet market, the largest globally. Originally launched in Korea in September 2022, X Caliber executes diagnostic results through AI analysis of X-ray images. This expansion into North America follows its recent launches in Australia and Indonesia. Expansion in Canada has been confirmed through a distr
Technology July 15, 2024
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LG Energy Solution’s AI model to expedite battery cell design
LG Energy Solution said Sunday that it has developed an artificial intelligence solution to substantially shorten the battery cell design period from two weeks to just one day. This significant leap in the initial stage of battery production leverages generative AI techniques to output battery cell designs from clients' specific requirement input. Harnessing the proprietary battery design algorithm, which uses data from approximately 100,000 design cases, the AI model ensures optimal cell
Mobility July 14, 2024
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Zyx Technology launches CAD application program Works globally
South Korean design software developer Zyx Technology has globally launched its proprietary computer-aided design (CAD) application program, Works. Works offers approximately 270 utility functions tailored to various industries utilizing CAD. CAD is a computer program that generates two- or three-dimensional graphic representation. It is employed in various fields, such as computer animation, industrial, civil and architecture design. Notable features offered by Works are the multiplot feature,
Technology July 10, 2024
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HD Hyundai Samho extends berthing capacity for new orders
HD Hyundai Samho, a shipbuilding division of HD Hyundai, said Wednesday it extended its vessel berthing facility to accommodate rising orders for high-value, eco-friendly ships. The company held a ceremony to celebrate the completion of its second dolphin quay earlier in the day at its shipyard in Yeongam-gun, South Jeolla Province. HD Hyundai Chairman Kwon Oh-gap and HD Hyundai Samho CEO Shin Hyun-dai joined the event, along with Mokpo Mayor Park Hong-ryul and Yeongam-gun's head, Woo Seu
Industry July 10, 2024
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Baskin Robbins to debut AI-infused tropical flavor
SPC Group, the Korean operator of Baskin Robbins, said Wednesday that it is set to launch a new ice cream flavor co-developed by Google’s artificial intelligence model Gemini. The new flavor, named Tropical Summer Play, is Baskin Robbins’ first attempt globally to use AI to create an ice cream flavor. The Korean operator said the attempt comes as part of its business initiative to integrate AI and big data analytics into the food industry. “Through this project, we have confirm
Industry July 10, 2024
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Eximbank to finance $150m for UAE solar power project
The state-run Export-Import Bank of Korea said Monday that it will provide $150 million in project financing for a major solar power generation project in the United Arab Emirates, the first of such to be undertaken by South Korea. This financial procurement comes after the state-owned Korea Western Power Co.’s joint win of the bidding with EDF-Renewables, a subsidiary of Electricite de France, which will now fully organize the entire process of the project. Korea Eximbank has long expre
Industry July 8, 2024
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