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LG Electronics said Wednesday it expected to set record-high annual sales for 2024, overcoming a challenging environment marked by sluggish demand and heightened external uncertainties. LG estimated that its sales reached 87.74 trillion won ($60.3 billion) last year, up 6.7 percent from a year earlier. This marks a new all-time high, surpassing the 82.52 trillion won reported in 2022. However, operating profit for the year declined by 6.1 percent on-year to 3.43 trillion won. Data for net income
Nvidia CEO says Samsung needs to redesign HBM, but expresses confidence in firm‘s success Samsung Electronics on Wednesday estimated more than a twofold increase in its fourth-quarter operating profit compared to the same period in 2023, but the result fell short of market expectations, as the Korean tech giant struggled to keep pace with rivals in the pivotal AI chip sector. In its earnings guidance, the world’s largest maker of memory chips and smartphones estimated an operating profit for the
Han Jong-hee shows confidence in tech giant's extensive global supply chain Korea Herald Correspondent LAS VEGAS -- As companies around the world scramble to assess the potential impact of the high-tariff policy pledged by US President-elect Donald Trump, Samsung Electronics is prepared to navigate the challenges thanks to its strong global supply chain management, the tech giant's CEO said Tuesday. By leveraging its diversified production channels and AI technologies, the company will be able t
Nvidia founder to meet SK chief Chey Tae-won during CES 2025 Korea Herald Correspondent LAS VEGAS -- Nvidia founder and CEO Jensen Huang said Tuesday that Samsung Electronics needs to redesign its high bandwidth memory chips when asked why his company is taking time to adopt its HBM products, but was optimistic the Korean company would succeed. "They have to engineer a new one (HBM), a new design. But they could do it, and they are working very fast," Huang said during a Q&A session held on the
Korean gaming giant Krafton, best known as the company behind PUBG: Battlegrounds, unveiled its new artificial intelligence-powered interactive game character developed in collaboration with US chip giant Nvidia, Tuesday at CES 2025 in Las Vegas. The new technology, called "Co-Playable Character," analyzes players' actions to engage in dynamic conversations and interactions, allowing a more immersive and realistic gaming experience. This compares to conventional nonplayer characters in games tha
Samsung to launch Ballie AI companion robot in first half of this year Korea Herald correspondent LAS VEGAS -- Samsung Electronics announced its “AI for All” vision at CES 2025 on Monday, highlighting new features of its AI home platform for a more personalized, connected experience. At the CES 2025 Samsung Press Conference, where some 1,300 participants from around the world gathered, the tech giant also unveiled a plan to start sales of its AI companion robot Ballie in the first half of this y
Rep. Koh Dong-jin of the ruling People Power Party, the former president and CEO of Samsung Electronics known for boosting the Galaxy brand, has introduced a bill to ease visa requirements to attract top-tier talent in the AI, semiconductor and bio sectors from overseas, his office said Tuesday. The proposal submitted by Koh and 10 other lawmakers seeks to revise the Immigration Act and calls on the government to issue special visas for highly-skilled professionals in advanced strategic industri
LG Innotek announced Tuesday that it would showcase its latest advancements in future mobility components and technologies at CES 2025, the world’s largest annual tech exhibition, running through Friday. “This year, we are focusing on innovative mobility solutions that deliver exceptional value to customers. By incorporating storytelling into our presentations, we aim to make our offerings more engaging,” said an LG Innotek official. The company has installed a future vehicle mockup at the cente
LG Electronics CEO Cho Joo-wan announced a strategic alliance with US IT giant Microsoft on Monday in Las Vegas, a day before the opening of CES 2025, the world's largest consumer electronics and IT trade show. In his presentation, Cho highlighted the evolution of “affectionate intelligence,” describing it as a technology that seamlessly integrates physical and virtual environments to deliver a holistic customer experience. “Affectionate intelligence offers unparalleled customer value by bridgin
SK Telecom said Tuesday it will showcase its advanced artificial intelligence technologies and services at CES 2025, the world's largest consumer electronics and IT trade show, scheduled to run through Friday in Las Vegas. SK Group’s exhibition space spans about 1,950 square meters and features 32 AI-related innovations, including SK Telecom’s AI data center solutions and a range of AI-driven services. The exhibit also highlights collaborations with global partners. A central theme of SK Telecom
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