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Samsung Electronics predicted a more than tenfold increase in its operating profit for the the January-March period, signaling a dramatic resurgence in its semiconductor business on rebounding demand for memory chips. Samsung’s first-quarter operating profit is estimated to hit 6.6 trillion won (...
South Korean semiconductor powerhouse SK hynix said Thursday it will invest about $3.87 billion to build an advanced chip packing fabrication and research and development facility in West Lafayette, Indiana, amid intensifying global competition in the burgeoning artificial intelligence memory semic...
The recruitment process for to hire foreign nationals for research and leadership positions at the agency began on March 14 and will end on April 15. According to the KASA preparatory office, there have been few foreign applicants so far. “In the previous recruitment process (for Korean national ...
Spatial information firm Dabeeo has been selected for investment by Defense Innovation Technology Investment Consortium No. 1, South Korean fund for fostering future defense technology. The fund is formed by the Military Mutual Aid Association, IBK Capital, and LIG Nex1, a leading South Korean def...
South Korean chipmaker SK hynix said Thursday it will invest $3.87 billion to build an advanced packaging fabrication and R&D facility in the United States amid intensifying competition in the high-performance artificial intelligence (AI) memory semiconductor sector. The new facility, located in W...
Samsung Electronics on Wednesday unveiled its latest lineup of home appliance innovations with the global launch of its artificial intelligence (AI)-powered products in a bid to offer synchronizing consumer experiences worldwide. At a press conference in Seoul, the tech giant unveiled its latest B...
The financial regulator and Naver, the top online portal operator, signed an agreement Wednesday on cooperation for the digitalization of the financial sector. Under the memorandum of understanding, the Financial Supervisory Service (FSS) will seek to utilize Naver's latest information technology,...
As governments around the world fiercely compete to boost their semiconductor industries by distributing large subsidies, South Korea is pointed out as falling behind other chip powerhouses, raising concerns about the gap widening in the future. On Tuesday, the Japanese Ministry of Economy, Trade ...
Memory chip aside, Samsung also runs foundry and logic chip design businesses and aims to become the world's top memory chipmaker by 2027. "Clients’ interest is also growing in the Mach-1, which is used for AI inference. Some clients want to use Mach for applications with over 1 trillion paramete...
Starting with Singapore, Samsung plans to make a sales push on AI TVs in the Southeast Asia and Oceania markets, the company said. “Based on our technologies that have led the global TV market for 18 years in a row, we aim to provide the best TV viewing and connection experience to more consumers...
Korean IT giant Kakao on Thursday appointed Chung Shin-a as its first female, chief while it is facing urgent challenges in revamping its corporate culture and management. The announcement was made as she gained a nod from shareholders during the annual meeting and a separate approval from the boa...
Marking the 40th anniversary of its founding, SK Telecom, South Korea's largest wireless carrier by the number of accounts, promised to transform into a global artificial intelligence company, Thursday. The mobile carrier, first established in March 1984 under the name, Korea Mobile Telecommunicat...
For the company's NAND memory chip business, SK hynix will change its strategy from focusing on market share to improving profitability this year. On the company's plan to build an advanced chip packaging facility in the US, Kwak said it is reviewing several regions, but nothing has been decided y...
LG Group said Wednesday it will invest 100 trillion won ($74.4 billion) in South Korea by 2028 to sharpen future technologies and seek new growth drivers. Unveiled at the group's annual shareholders meeting in Seoul, the long- and mid-term investment plan places an emphasis on advancing future tec...
LG Electronics Chief Executive Officer Cho Joo-wan vowed "winning" changes and growth to overcome continuing uncertainties in the business environment at the regular shareholders meeting on Tuesday. Organizing this year's shareholders event under the concept of "openness," the chief came to presen...
Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation
Samsung mobile chief, Google device head meet in Seoul
Posco Future M, Honda to launch battery materials venture in Canada
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
Experts raise concerns about Japan putting pressure on Naver over Line
SK hynix profits soar on AI chip boom