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Mon, September 25, 2023 | 02:18

Samsung, SK relieved by revised chip restrictions on China

Samsung, SK relieved by revised chip restrictions on China

Samsung Electronics and SK hynix appear to be breathing a sigh of relief over the U.S. CHIPS and Science Act’s guardrails as the regulation, which aims to restrict China’s chip development technology, limits the expansion of advanced semiconductor production capacity to no more than 5 percent in China, according to industry officials and experts, Sunday.

2023-09-24 16:00

Korean firms urge US to clarify 'foreign entity of concern'

Korean firms urge US to clarify 'foreign entity of concern'

Korean companies have asked the United States to clarify from which foreign companies they are not required to import critical electric vehicle (EV) battery minerals under the U.S. Inflation Reduction Act (IRA), industry sources said Sunday.

2023-09-24 12:41

The ethical issues of AI: fighting the right battles

The ethical issues of AI: fighting the right battles

Will artificial intelligence replace human beings? Could it turn against its creators? Does it represent a danger to the human race?These are just some of the questions that have been stirring up public debate and the media since the mass deployment of generative AI tools and the sensationalist statements of a few public figures.

2023-09-24 10:10

Korea boosts subsidies to rev up falling EV sales

Korea boosts subsidies to rev up falling EV sales

The Korean government will temporarily offer more subsidies to customers purchasing electric vehicles (EVs), as part of policy incentives to revive slowing sales of the vehicles here. Details will be shared by relevant authorities early next week, officials said Friday.

2023-09-22 16:58

Scientists find green way to turn CO2 into fuel with sunlight

Scientists find green way to turn CO2 into fuel with sunlight

Scientists in Korea and the United States developed a material that harnesses solar energy to efficiently turn carbon dioxide (CO2) into hydrocarbons such as methane, a gas fuel for heating, cooking and powering vehicles.

Holly Chik | 2023-09-22 16:05

LG CNS employees teach coding at elementary schools

LG CNS employees teach coding at elementary schools

New employees of LG CNS teach coding to students at Hongsan Elementary School in Buyeo County, South Chungcheong Province, Tuesday. The company said Thursday that around 60 employees provided coding education at Hongsan and Baekje Elementary Schools in the county. Courtesy of LG CNS

2023-09-21 14:10

New industry minister demonstrates priorities with visits to nuclear plant, Busan port

New industry minister demonstrates priorities with visits to nuclear plant, Busan port

Korea's new Minister of Trade, Industry and Energy Bang Moon-kyu visited a nuclear power plant under construction in Ulsan and a Busan port for his first day on the job, signaling the ministry's priorities under his watch.

2023-09-20 16:58

LG CNS, IGIS Asset Management join hands for data center, logistics

LG CNS, IGIS Asset Management join hands for data center, logistics

LG CNS forged a partnership with real estate investor IGIS Asset Management to develop new businesses such as cloud data centers and micro fulfillment centers (MFCs), the company said Wednesday.

2023-09-20 16:27

Merck emphasizes digitalization in semiconductor market

Merck emphasizes digitalization in semiconductor market

Merck, a German science and technology company, noted that the semiconductor industry should embrace AI and machine learning for digital transformation, according to its Korean unit Wednesday.

2023-09-20 15:46

Yanolja's aggressive expansion results in voluntary redundancy program

Yanolja's aggressive expansion results in voluntary redundancy program

Yanolja, a hotel booking app operator, told its employees earlier this week that it will carry out a voluntary redundancy program by Oct. 6. Those who wish to leave the company can receive cash payments equivalent to four months of their salary or three months of their paid leave.

2023-09-20 09:30

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5	Seoul, Beijing try to mend fences as Russia and N. Korea grow closer

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