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Artificial intelligence’s next breakthrough will come not from ever-larger language models, but from systems that can understand, predict and act in the physical world, AI pioneer Yann LeCun said Monday, arguing that “world models” will drive the next phase of AI. The shift could give South Korea an opening in the global AI race by playing to its strengths in manufacturing, robotics and engineering, LeCun and other global AI leaders said at an industrial AI panel discussion in Seoul. Rather than
Samsung SDS has agreed to acquire South Korean air cargo consolidator Woojung Air Consolidation, seeking to strengthen its freight forwarding operations through Incheon Airport. The IT services and logistics company signed a share purchase agreement Monday to acquire a 100 percent stake in Woojung Air, with the transaction expected to close by year-end, according to industry sources. Founded in 1999, Woojung Air specializes in consolidating smaller shipments into larger loads and securing cargo
HLB’s first US approval for a cancer drug has given the Korean company fresh momentum in its effort to bring rivoceranib, a long-delayed liver cancer treatment, to market, as it seeks a green light from the US Food and Drug Administration after three failed attempts. The FDA approved Lyrfigtu, developed by HLB’s US subsidiary Elevar Therapeutics, for patients with previously treated advanced bile duct cancer harboring FGFR2 fusions or rearrangements on Sept. 23. The milestone gave Elevar Therape
Samsung affiliates plan to invest a combined 12.26 trillion won ($9.15 billion) in chip operations, directing nearly 8 trillion won to Vietnam while expanding high-end production capacity in South Korea. Samsung Electronics plans to invest 105.79 trillion Vietnamese dong ($4.09 billion) in memory chip testing facilities at Yen Binh Industrial Park in Thai Nguyen, northern Vietnam, according to an investment plan submitted to local authorities. The first production line is scheduled to start oper
“We will not pass the full (cost) increase on to consumers,” Samsung Electronics co-CEO Roh Tae-moon told reporters in London in July as he unveiled the latest Galaxy foldables. Two weeks later, the Z8 series drew a record 1.44 million preorders in Korea. But by October, Samsung was raising prices on seven-month old Galaxy S26 phones by nearly 150,000 won ($112) in Korea and $100 to $200 in the US. Then came Thursday's earnings. Samsung projected record third-quarter operating profit of 107.4 tr
Samsung Electronics said Thursday its third-quarter operating profit surged an estimated 782.5 percent from a year earlier to a record 107.4 trillion won ($80 billion), making it the first technology company worldwide to cross the 100 trillion won mark in quarterly operating profit. The milestone puts Samsung alongside Saudi oil giant Aramco, the only other company to have surpassed that threshold, and well above Nvidia’s $63.7 billion operating profit for its fiscal second quarter ended in July
South Korea’s Nuri rocket delivered five primary satellites into orbit Wednesday, completing its most complex deployment yet and taking another step toward commercial launch services. The fifth flight marked Nuri’s fourth consecutive success and its first mission to release five primary satellites in sequence. Nine of its 10 secondary CubeSat payloads also separated successfully, while one remained aboard. Korea AeroSpace Administration Administrator Oh Tae-seog confirmed the result at a 2 p.m.
GI Innovation said Wednesday that the first patient in a Japanese phase 2 trial of its allergy treatment candidate GI-301 is scheduled to receive the drug this month. Under a licensing agreement with Maruho signed in 2023, GI Innovation transferred Japanese development and commercialization rights for GI-301 to Maruho in a deal worth up to 300 billion won ($221 million) at the time. The Korean biotech is entitled to milestone payments tied to development and commercialization, along with royalti
SK On said Wednesday that its Ivancsa Plant in Hungary has received Ford’s Q1 Award, the automaker’s highest quality certification for supplier facilities, just over two years after starting commercial operations. The battery maker held an award ceremony at the site Tuesday, where SK On Hungary head Kim Seong-sik received a plaque from Ford representatives. Ford grants Q1 status after assessing suppliers on production technology, product quality, improvement efforts, and manufacturing and qualit
AMD Chair and CEO Lisa Su put Korean AI chips at the center of partnership talks in Seoul on Wednesday, exploring how they could work alongside AMD processors in systems built for global markets. In meetings with Second Vice Science Minister Ryu Je-myung and executives from 13 Korean AI companies, Su discussed pairing AMD’s CPUs and GPUs with Korean neural processing units designed for AI inference. Demonstration projects in Korea would test the systems to develop a blueprint for overseas deploy
AmCham chief receives honorary doctorate from Korea Aerospace University
Korea's manufacturing jobs rise for first time in 27 months
Bentley hits the battlegrounds in PUBG's latest update
Samsung's top brass convene in Tokyo as Japan chip ties deepen
LG, Apple take on Amazon, Google with AI home devices
Hyundai bets $15.5b on India as global production hub
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