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The Korea Times

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Wed, February 1, 2023 | 22:16

LG to hold global competition on AI image captioning

LG to hold global competition on AI image captioning

LG's artificial intelligence (AI) researchers are moving quickly to lead the convergence trend of visual AI and language AI. The company's research center will hold the LG Global AI Challenge for AI researchers around the world from Feb. 1 until the end of April, LG said Tuesday.

Kim Jae-heun | 2023-02-01 08:42

SK hynix logs operating loss in Q4 on slumping demand, falling prices

SK hynix logs operating loss in Q4 on slumping demand, falling prices

SK hynix said Wednesday it swung to a deficit in the fourth quarter due to the global chip market's slowdown amid weak demand and oversupply.

2023-02-01 08:35

LG Chem's operating profit down 40% due to sluggish petrochemical biz

LG Chem's operating profit down 40% due to sluggish petrochemical biz

LG Chem said Tuesday that its 2022 revenue surged 21.8 percent year-on-year to a record 51.9 trillion won ($42 billion) while operating profit plunged 40.4 percent to 3 trillion won.

Park Jae-hyuk | 2023-01-31 16:52

POSCO International emerges as eco-friendly energy firm

POSCO International emerges as eco-friendly energy firm

POSCO International has begun expanding its LNG storage terminal in southwestern Korea as part of its efforts to become an eco-friendly energy powerhouse, according to company officials Tuesday. The trading and energy arm of POSCO Group held a groundbreaking ceremony for its second LNG terminal in Gwangyang, South Jeolla Province, Tuesday.

Kim Jae-heun | 2023-01-31 16:46

Kakao Mobility to enter Laos

Kakao Mobility to enter Laos

Kakao Mobility will sign a business agreement with Vietnamese mobility firm LVMC Holdings and establish a local service platform, which will then be launched in Laos the company said Tuesday. LVMC Holdings, founded in 1997, is sometimes considered to be from Laos, as it has the largest vehicle sales in Laos and the second-largest commercial car sales in Vietnam.

Kim Jae-heun | 2023-01-31 16:46

Samsung refuses to cut chip output despite plunging profits

Samsung refuses to cut chip output despite plunging profits

Samsung Electronics reaffirmed Tuesday that there will be no artificial production cut in its memory semiconductor production, even though the chip giant suffered from plunging profits in the fourth quarter of 2022. Instead, the company aims to proactively respond to chip demand, which it projects will recover in the future. In its earnings announcement, Samsung said fourth q...

Baek Byung-yeul | 2023-01-31 16:28

Digital platform committee vows to offer paperless gov't services

Digital platform committee vows to offer paperless gov't services

The government is working on providing an integrated government system that minimizes paperwork for government services, according to the head of the Presidential Committee on the Digital Platform Government, Tuesday.

Baek Byung-yeul | 2023-01-31 16:28

Battery materials makers seek to continue solid growth in 2023

Battery materials makers seek to continue solid growth in 2023

Korea's leading battery material producers are ramping up efforts to overcome their disappointing earnings during the fourth quarter of last year, so that they can continue their solid growth this year, capitalizing on the growth of the global electric vehicle (EV) market, according to industry officials, Tuesday.

Park Jae-hyuk | 2023-01-31 16:18

Korea to resume construction of Shin Hanul 3 and 4 nuclear reactors this year

Korea to resume construction of Shin Hanul 3 and 4 nuclear reactors this year

Korea will resume the construction of the Shin Hanul No. 3 and 4 reactors in earnest this year after wrapping up disaster impact assessments and other due administrative work, the industry ministry said Tuesday.

2023-01-31 14:57

POSCO Group boosts ties with Western Australia

POSCO Group boosts ties with Western Australia

POSCO Group Chairman Choi Jeong-woo, fourth from right, talks with Western Australia Premier Mark McGowan, fourth from left, at POSCO Center in Seoul, Monday. After seeing POSCO Group's exhibition on its hydrogen value chain, they discussed ways for the Korean conglomerate and the Australian state to strengthen their partnership in renewable energy and rechargeable battery ma...

Park Jae-hyuk | 2023-01-31 13:38

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