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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Tech

Tue, May 30, 2023 | 17:30

Korea to invest $10.23 bil. by 2030 in chips, batteries, other key sectors

Korea to invest $10.23 bil. by 2030 in chips, batteries, other key sectors

Korea will invest 13.5 trillion won ($10.23 billion) in key industry sectors, including semiconductors, secondary batteries and nuclear power generation, by 2030 to achieve innovative technologies and spur economic growth, the industry ministry said Monday.

2023-04-10 16:40

[ANALYSIS] China's Micron probe unlikely to affect Samsung, SK

ANALYSISChina's Micron probe unlikely to affect Samsung, SK

Angered by Washington's moves to limit China's access to technology to manufacture highly-advanced semiconductors, key Chinese leaders are still struggling to figure out how to apply various retaliatory measures without curbing their ambitions in the chip industry.

2023-04-10 07:52

LG Energy Solution posts earnings surprise in Q1

LG Energy Solution posts earnings surprise in Q1

Korea's electric vehicle (EV) battery makers have begun to enjoy increased earnings due to the U.S. Inflation Reduction Act (IRA), which offers tax incentives for their production and sales in North America. While announcing on Friday that its first-quarter operating profit is estimated to have soared 144.6 percent year-on-year to 633.2 billion won ($480 million), LG Energy S...

2023-04-07 16:10

Samsung's chip production cut expected to hasten earnings recovery

Samsung's chip production cut expected to hasten earnings recovery

Samsung Electronics is expected to enjoy a steady recovery in its earnings during the second half of this year at the latest, according to domestic securities analysts, Friday. Such an optimistic outlook has been attributed mainly to the tech giant's latest decision to reduce the manufacturing volume of memory chips to a “meaningful level.”

2023-04-07 16:03

Display expert wins ETRI Researcher of the Year award

Display expert wins ETRI Researcher of the Year award

Kang Chan-mo, a display researcher at the Electronics and Telecommunications Research Institute (ETRI), has won this year's ETRI Research of the Year award for his contribution to OLED research, the state-run IT research institute said Wednesday. ETRI said Kang, who has developed the key technology for OLED microdisplays, critical components for virtual reality and augmented ...

2023-04-07 10:00

Maum AI vows to expand business with language model

Maum AI vows to expand business with language model

Maum AI, which recently changed its company name from Minds Lab, aims to expand its artificial intelligence (AI) business in Korea utilizing its large language model similar to that of ChatGPT, Yoo Tae-joon, CEO of Maum AI said during a conference in Seoul, Wednesday.

2023-04-05 16:38

SK hynix issues $1.7 bil. exchangeable bond to fund operations

SK hynix issues $1.7 bil. exchangeable bond to fund operations

SK hynix, the world's second-largest memory chip producer, has issued exchangeable bonds to secure $1.7 billion in liquidity for the operation of its semiconductor-manufacturing business which has experienced difficulties due to sluggish chip demand, the memory chip maker said Tuesday.

2023-04-04 16:39

Apple's expansion in Korea puts Samsung on alert

Apple's expansion in Korea puts Samsung on alert

Apple opened its Apple Gangnam retail store near Sinnonhyeon Station in the southern Seoul on March 31, only a 15-minute walk from Samsung Electronics' Seocho headquarters. This may be seen as Apple's attempt to strengthen its presence in the country's capital, which has a high demand for premium products, according to industry officials Tuesday.

2023-04-04 16:20

Korean companies scramble to issue guidelines for ChatGPT over data leak fears

Korean companies scramble to issue guidelines for ChatGPT over data leak fears

Samsung, SK, LG, POSCO and other companies here are scrambling to make their own guidelines for using ChatGPT and other chatbot artificial intelligence (AI) services in order to prevent problems caused by the misuse of these programs, such as information leaks, according to companies and experts, Monday.

2023-04-03 16:47

Innospace requests more gov't support for space business

Innospace requests more gov't support for space business

Innospace, a local space startup, asked the government to offer more support for the country's space industry, such as fostering experts and strengthening support for private companies, the science minister said Monday. Kim Soo-jong, CEO of Innospace had a meeting with Lee Jong-ho, minister of Science and ICT, at the ministry's office in Sejong.

2023-04-03 16:47

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