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Thursday marked the second anniversary of Naver CEO Choi Soo-yeon taking office. Under the executive's leadership, the internet giant has enjoyed stable growth, setting annual earnings records two consecutive years. Naver logged an all-time high operating profit of 1.49 trillion won ($1.13 billion...
South Korea on Thursday began the official recruitment process for its new space body, Korea Aerospace Administration, or KASA, hoping to attract the best talent from in and outside the country. The government’s preparatory office for KASA held its first offline recruitment presentation in Sacheo...
TSMC, for instance, not only services Nvidia but also prominent tech giants such as Apple and Qualcomm, rendering its financial performance susceptible to numerous external factors. Apple's significant dependence on TSMC, constituting 25 percent of its revenue in the prior year, amplifies this vul...
The US has their own guidelines for the funding, and it is hard to predict whether Korean firms will be at an advantage or a disadvantage in their subsidies, the trade minister added. Intel, which is building a $20 billion facility in Ohio, undergoing a $20 billion expansion in Arizona and investi...
LG Electronics is making a strategic investment in Bear Robotics in the US in a move to expedite the advancement of its commercial service robotics, the company said Tuesday. The tech giant said it has executed a stock purchase agreement to acquire a stake in Bear Robotics, a prominent Silicon Val...
LG Electronics said Tuesday it has made a $60 million strategic investment in Silicon Valley-based startup Bear Robotics in a move to strengthen its business capabilities in the booming market of artificial intelligence-based service robots. Under a new stock purchase agreement, LG Electronics wil...
(3) Nvidia's strategic investment in Figure AI: Paving the way for next-generation robotics AI chips are revolutionizing the landscape of machine learning and computer vision, empowering robots to perceive and respond to their surroundings effectively. From collaborative robots aiding in agricultu...
LG Group said Monday that its artificial intelligence research lab is teaming up with US biomedical institution Jackson Laboratory to develop AI models that can be used to treat Alzheimer's disease and cancer. The new partnership comes after the two entities signed a memorandum of understanding in...
Samsung Electronics said Monday it would launch its latest Bespoke AI Combo, a combined washer and dryer powered by artificial intelligence, in global markets in the next few months. "Shipments to the US have already started for their launch later this month," Lee Moo-hyung, executive vice preside...
The state of Indiana has risen as one of the hottest investment destinations in the US for South Korean companies as of late, with Samsung SDI leading the pack by committing billions of dollars for joint battery plants there. Indiana is now hoping to expand the scope of collaboration with Korean p...
Jo Weon-kyoung, professor and director of UNIST University-Indusry Relations Center, recently authored an article for the Herald Business, a vernacular business daily, which was subsequently picked up and published by The Investor after an unofficial translation. This is the first of the two-part s...
LG Energy Solution on Sunday announced a partnership with Qualcomm Technologies to develop an intelligent battery monitoring system for electric vehicles, aiming to simplify battery management for EV owners. This collaboration merges LG's expertise in battery management with Qualcomm's Snapdragon ...
Korea's display panel industry will take back its lead in the global display market from China by 2027 with its edge in advanced technologies, Samsung Display CEO Choi Joo-sun said as he became the president of Korea Display Industry Association on Thursday. Delivering his inaugural speech at the ...
In the wake of heated competition for chip supremacy, a Seoul court has stepped in to block a former chip researcher involved in chip design at SK hynix from working for US-based rival Micron Technology, alleging possible technology leaks. According to industry sources on Thursday, Seoul Central D...
Consumer Reports: S24 Plus ranks third, S23 Ultra climbs four spots Samsung Electronics' Galaxy S24 Ultra AI smartphone has clinched the top spot in a recent smartphone assessment by US Consumer Reports. Scoring 87 overall, it outperformed Apple's iPhone 15 Pro Max (86). The evaluation lauded th...
Hanwha Life secures 40% stake in Indonesian lender
Samsung SDI boasts e-bike leadership at China Cycle
[Herald Interview] Hanatour CEO talks reshaping travel landscape
Samsung mocks Apple over iPhone alarm glitch
Chip up cycle won’t stay long: SK chief
Woori to re-enter brokerage business with acquisition of Korea Foss Securities