[Herald Interview] 'Korea's 5G leadership to continue with 6G'

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

Sept. 8, 2023

KT’s new CEO rules out possibility of massive reshuffle, calls for unity

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

Sept. 7, 2023

[Design Forum] ‘Without design, space exploration could not exist’

The Jet Propulsion Laboratory, the only federally funded research and development center of the US National Aeronautics and Space Administration, is a well-known leader in space exploration across the world. Joining engineers, researchers and scientists at JPL are visual strategists that take the helm of all things design at the space-dedicated center. Dan Goods, the lab's creative director, said space exploration, like all other industries, needs good design to function. “Everything

Sept. 7, 2023

M360 APAC makes Seoul debut to explore digital-first future

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

Sept. 7, 2023

Samsung CEO confident in competing against TSMC

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

Sept. 6, 2023

[Photo News] LG-Magna alliance

LG Electronics CEO Cho Joo-wan (right) visits the exhibition booth of Canadian auto parts maker Magna at IAA Mobility, one of the world's largest automotive trade shows, in Munich on Tuesday. The Korean tech giant said the CEO discussed various ways to bolster its partnership in electric vehicle parts with Magna Powertrain President Diba Ilunga. "In alliance with Magna, we'll strengthen our position in the global electronics market and proactively address the future of mobility, i

Sept. 6, 2023

[Herald Interview] Siemens ready to accelerate Korea's digitalization

Siemens Korea, the Korean unit of German industrial giant Siemens, has supported accelerating its domestic partners’ digital transformation a step further to create innovations for various industrial sectors here that are sustainable. With companies undergoing digital transformation globally and capitalizing on the opportunities, Korea, as a global manufacturing powerhouse, still needs to play catch-up, according to Siemens Korea’s vice president. “We have the world's best

Sept. 5, 2023

[From the scene] Samsung shows off end-to-end automotive solutions at IAA 2023

MUNICH -- Samsung Electronics, the world’s No. 1 memory chip and smartphone maker, made its official debut at an international motor show, renewing its automotive ambitions as a “total solutions provider.” The South Korean tech giant set up its exhibition booth at IAA Mobility, one of the largest automotive trade shows, which kicked off Tuesday in Munich, Germany. In Hall B1 at the Messe Munchen exhibition center, Samsung’s booth was located next to those of its sister fi

Sept. 5, 2023

Snowflake looks to unlock data cloud innovation with AI across Korea

US cloud software company Snowflake said Monday it will introduce a data cloud solution enhanced with artificial intelligence for customers in various industries here, in a bid to fortify its position in the Korean market. “Korea is an extraordinarily important and strategic market to Snowflake. It’s the 10th-largest economy in the world, but it's even more important in the world of manufacturing. Korea is also an incredibly fast-growing market … where we’re working

Sept. 4, 2023

LG makes auto show debut in Munich

MUNICH -- Korean tech giant LG Electronics made its debut at a major global automotive trade show on Monday, delivering its ambition to expand its presence in the burgeoning mobility industry. In its first-ever press conference at IAA Mobility, one of the world's largest motor shows, held in Munich, LG CEO Cho Joo-wan defined the role of personal vehicles and underscored the growing presence of software in the mobility industry. “LG has spent close to 70 years directly selling to indi

Sept. 4, 2023

LG Magna to set up EV parts plant in Hungary

MUNICH -- LG Magna e-Powertrain, a joint venture between LG Electronics and Magna, will build its first European production plant in Hungary, the company announced Monday at the IAA mobility trade show held this week in Munich. The 26,000-square-meter facility will be located within an industrial complex in Miskolc, a city in northeastern Hungary, adjacent to other Magna facilities and manufacturing clients in the region. With the construction set to be completed in 2025, the new plant will st

Sept. 4, 2023

Samsung works on energy-saving chips for home appliances

BERLIN -- Samsung Electronics revealed it is developing a new neural processing unit chip for home appliances featuring artificial intelligence, to support them to run on ultra-low energy, at this year's IFA, held in Berlin. With the goal of making smarter home appliances, the tech giant will also adopt generative AI technology for Bixby, its voice assistant, the Korean tech giant said. "The AI home appliances we envision should be closely connected with each other, and make the best d

Sept. 4, 2023

S. Korea-made space payload ready to join NASA's Artemis project

South Korea's homegrown lunar monitoring payload, which will carry out science experiments as part of the U.S. moon exploration Artemis program, is ready to join the unmanned space mission next year, the science ministry said Monday. The lunar space environment monitor, developed by the state-run Korea Astronomy and Space Science Institute, has been completed and will be headed to the headquarters of Intuitive Machines Inc. in Houston, Texas, according to the Ministry of Science and ICT. LU

Sept. 4, 2023

NFT tech expands realm of future art

With the rapid advancement of artificial intelligence technology, the role of NFT technology goes beyond protecting the copyrights of digital art collectibles, and into expanding the realm of art, with diverse implications for the future art world. Throughout the NFT 2023 Seoul Conference, held at Coex in southern Seoul on Friday, the future roles of NFT technology were illuminated. Dedicated to the theme, “the Utilization and Role of NFT Art in the Future Art,” the second part of th

Sept. 4, 2023

Experts explore NFT applications, STO market dynamics

The NFT 2023 Seoul Conference on Friday focused the connection between non-fungible tokens (NFTs) and Web3 infrastructure as well as the role of Security Token Offerings in fundraising. Patrick Yoon from cryptocurrency exchange company Crypto.com Korea opened the sessions by talking about the the growth trajectory Web3. He predicted a $50 trillion-$60 trillion Web3 valuation by 2030, with NFTs poised to claim 10 to 15 percent of the digital asset valuation by that time. "NFT creators have m

Sept. 4, 2023

Conference highlights unlimited potential of NFT

The NFT 2023 Seoul Conference, held Friday at Coex in southern Seoul, explored the future of non-fungible tokens, discussing how the decentralized technology would innovate diverse fields from blockchain to finance and art in the near future. The one-day event was organized by The Korea Herald, the nation’s largest English daily, together with ArtToken, a Seoul-based digital art platform, and Soongsil University. “Even at this moment, the world is evolving at a fast pace,” Kore

Sept. 4, 2023

Samsung will cement premium market leadership: TV chief

BERLIN -- While the global TV market struggles to move beyond the COVID-19 pandemic, Samsung Electronic said it will strengthen its leadership in making larger and more higher-end TVs, as the market for them shows a trend of continuous growth. "While the TV market has been stagnating for the past several years now, the market for larger and higher-end TVs continues to grow and Samsung is leading the market, outpacing its rivals by far," Chung Kang-il, executive vice president at Sams

Sept. 3, 2023

LG Electronics aims to go global with smart home solutions

BERLIN -- LG Electronics expressed ambitions to go global with its smart home solutions, including its built-in kitchen package and energy-efficient prefabricated housing technology at this year's IFA in Berlin, one of the world's largest consumer appliance trade shows. "We will integrate all our innovative home appliance and energy technologies and other upgradable appliances to offer a smart home solution," Lyu Jae-cheol, head of the Home Appliance & Air Solution Compan

Sept. 3, 2023

LG to widen gap with rivals with 'innovative ideas,' says TV chief

BERLIN -- LG Electronics will sharpen internal competence and come up with innovative ideas to widen the gap with Chinese rivals in addition to fostering technological prowess, the head of the tech giant's TV business said Saturday. "It is important to lead the market with new ideas (in the TV industry). You have to break away from the competition with panels, where anyone can make the same product as you when they have the display panel," Baek Sun-pil, head of TV products plann

Sept. 3, 2023

Samsung lays out vision for smarter, sustainable living at IFA

Samsung Electronics Co. on Thursday shared its vision and technological developments for what it sees as the future way of living: fully connected homes and an eco-friendly lifestyle. The South Korean tech giant highlighted its latest products and innovations, built for sustainable and smart living, at a press conference, one day ahead of the official opening of the IFA tech trade show in Berlin. Samsung, which has participated in the tech show since 1991, did not offer any exclusive product lau

Aug. 31, 2023