Samsung Electronics Vice Chairman Lee Jae-yong and SoftBank founder Masayoshi Son held talks on Tuesday over ways for a strategic alliance between the chips-to-mobile giant and SoftBank-backed chip intellectual property giant Arm, according to industry sources on Wednesday. The meeting at Samsung Electronics’ Seoul office was also accompanied by Samsung’s co-CEO Kyung Kye-hyun, who oversees semiconductor business, and mobile business chief Roh Tae-moon, as well as Arm CEO R

LG Energy Solution said Wednesday it has launched two in-house ventures, called KooRoo and AVEL, allowing its employees more independence and flexibility to spur innovation in its battery business ecosystem. KooRoo is a battery as a service (BaaS) company that offers services based on data generated throughout the whole life cycle of batteries. Their first project is a battery pack replacement service for two-wheeled vehicles like an electric bicycle. AVEL is an energy as a service (EaaS) compan

South Korean memory chip manufacturer SK hynix on Wednesday pledged to achieve a 100 percent procurement of domestically produced neon gas, a critical material for chip production, by 2024. SK hynix added that 40 percent of neon gas used for chip production is already locally produced in Korean chipmakers' bid to stabilize chip supply chain and reduce their reliance on imports of the specialty gas. Neon gas makes up about 95 percent of excimer laser, a ultraviolet light source for photolith

S. Korean IT giant aims to secure foothold to target younger customers in North America

Tech giant all-out to narrow gap with foundry leader TSMC

SK Biotek Sejong plant increases capacity by over 50% with 3rd facility

Since I took office as vice minister for science, technology and innovation, many of the opinions suggested by the research community called for improvement of the "preliminary feasibility study system for national research and development projects,” hereafter referred to as the “R&D pre-feasibility study.” Suppose a huge R&D project had been planned to develop high-performance technologies and state-of-the-art infrastructure in line with global trends. But when th

With SKYCovione, SK Bioscience CEO pins hopes on introducing Korean biotechnology to global market

SoftBank Group Corp. CEO Masayoshi Son arrived in Seoul on Saturday to meet business leaders, including Samsung Electronics Vice Chairman Lee Jae-yong, on a possible deal involving UK chip designer Arm. His visit comes after the Samsung chief hinted at their planned meeting late last month upon arrival from a business trip to the UK, where Arm is based. In the next day, Son also confirmed the meeting, saying he planned to discuss a strategic alliance with Samsung on Arm. Their possible meet-up r

South Korean nationals traveling through South Korea’s airports are expected to enjoy wider access to a new check-in system that works with biometric information obtained through palm vein recognition technology. The Korea Financial Telecommunications and Clearings Institute (KFTC) said Friday it had signed a business agreement with the Korea Airports Corporation and nine major financial corporations to operate the new biometric check-in system at 14 gateways across the country. Incheon Ai

South Korean semiconductor chip wafer supplier SK Siltron announced Thursday that it plans to invest a combined 2.3 trillion won ($1.6 billion) over the course of five years until 2026. The capital will be used to increase the production capacity for its wafer plants in Gumi, North Gyeongsang Province. SK Siltron will also create 1,000 new jobs for its wafer plants. As part of the plan, SK Siltron's board on Thursday approved a 855 billion won spending plan to expand the production capacity fo

South Korean lithium-ion battery cell maker SK On and Australian mining company Global Lithium Resources have signed a two-year nonbinding agreement over the supply of critical materials for batteries used in electric cars. The two companies agreed to explore future business opportunities including the potential development of downstream battery-grade lithium assets for at least two years in western Australia. Under the agreement, SK On also pledged to support Global Lithium's capital rai

Samsung Electronics’ smart home platform SmartThings has hit the 10 million mark in connecting devices and home appliances around the world as of Sept. 12, the South Korean tech giant said Wednesday. Launched in 2018, the app aims to connect small and larger appliances from refrigerators and washing machines to air purifier and dishwashers via smartphones. More recently, Samsung is increasingly teaming up with other brands to bolster connectivity. The number of connected devices has double

Science Ministry unveils W1.32tr plan on AI technology; aims to double data market size to W50tr

South Korea's consumer electronics-to-battery conglomerate LG Group has published its first annual report that revolves around its groupwide efforts to tackle environmental, social and governance issues, a holding company LG Corp. announced Wednesday. This is in line with the group's push to disclose nonfinancial performance such as actions to fight climate change, reduce and recycle waste, offer financial supports to vendors and local communities, as well as ensure boardroom diversity