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HD Hyundai Heavy Industries on Wednesday launched the 8,200-ton Daeho Kim Jong-seo, the third next-generation Aegis destroyer (KDX-III Batch-II) for the Republic of Korea Navy, at its Ulsan shipyard. Earlier in the day, the unveiling ceremony brought together approximately 350 government, military and company officials at HD Hyundai Heavy Industries’ Ulsan shipyard. Key figures included President Lee Jae Myung, first lady Kim Hea Kyung, Defense Minister Kang Shin-chul, Chief of Naval Operations
South Korea must turn its strengths in semiconductors and manufacturing into leadership in artificial intelligence, business leaders and technology experts said Tuesday, calling for a break from the fast-follower model that powered the country’s growth. The message framed the Herald Business Forum 2026, hosted by Herald Media Group and organized by Herald Business at The Shilla Seoul. Held under the theme “Beyond followers, transitioning to a leading economy,” the forum explored how AI is reshap
Samsung Electronics has spent years trying to fix one of the biggest weaknesses in its semiconductor empire. It is one of the world's largest memory-chip makers, yet its foundry business, which manufactures chips designed by other companies, has struggled to make money. Industry estimates say the business has been operating at a loss since 2022. Its market position has continued to weaken even as its financial picture improves. Samsung's foundry revenue rose 1.8 percent from the previous quarter
Samsung Electro-Mechanics will spend $5 billion expanding chip package substrate capacity in South Korea and Vietnam, with global customers helping fund part of its new AI-server substrate capacity in Sejong and committing to future volumes. The Samsung Electronics affiliate said Monday it would invest 4.27 trillion won ($3,2 billion) in its Sejong plant through May 2028 to expand production of flip chip-ball grid array substrates, or FC-BGAs, which are used in AI accelerators and other high-per
South Korea’s efforts to develop hydrogen production and customers together offers a model for an industry struggling to get either side to commit first, according to Hydrogen Council CEO Ivana Jemelkova. But turning coordinated projects into a larger market will require governments to give investors greater certainty about future demand, she told The Korea Herald in a recent virtual interview. Producers are reluctant to build costly facilities without committed buyers, while potential customers
Samsung is committing $1 billion to a KKR-led AI infrastructure venture, joining Nvidia and other major investors in a push to build data centers and the power systems needed to run them. Six affiliates will invest in Helix Digital Infrastructure, the conglomerate said Tuesday. Samsung Electronics will provide $500 million, with Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance and Samsung Fire & Marine Insurance contributing the rest. The deal expands Samsung’s role from supplying A
Samsung SDI is showcasing battery solutions for artificial intelligence data centers at an exhibition in Singapore, including the first display of its cylindrical lithium iron phosphate battery. The South Korean battery maker said Tuesday it is displaying a range of products at Data Centre World Asia 2026, one of Asia’s largest exhibitions covering the full data center ecosystem, from design and construction to operation and management. About 600 companies from around the world are participating
LG Innotek has begun collecting real-world driving data on Korean roads with US software company Applied Intuition to improve sensors and software for autonomous vehicles, the company said Tuesday. The first vehicle will soon start operating in Seoul, Incheon and Gyeonggi Province under a partnership formed in March. LG Innotek plans to expand the Korean fleet to about 20 vehicles for data collection and autonomous-driving software development by 2028. Equipped with cameras, radar and lidar, the
LG Electronics is introducing modular cooling systems that aim to speed up AI data center construction and let operators expand gradually as computing demand grows, the company said Tuesday. At Data Center World Asia 2026 in Singapore, LG is showcasing cooling, power and operational technologies as it seeks a broader role in AI infrastructure beyond supplying equipment. Its new Hydronic Modular cooling system packages pumps, valves, emergency buffer tanks and piping in a prefabricated container.
Meta and Naver will bring voice-guided walking directions to Ray-Ban Meta and Oakley Meta AI glasses by year-end, allowing users to navigate via Naver Map without glancing down at their phones. Naver said it is the first Korean internet company to partner with Meta on artificial intelligence glasses. The collaboration connects the devices to Naver Map’s real-time walking navigation service, launched in June. Users will pair the glasses with the Naver Map app to hear directions through built-in o
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