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The Korea Herald

Tech

July 05, 2024
Samsung projects 15-fold surge in Q2 profit

Samsung Electronics predicted Friday that its operating profit in the April-June period would rebound to exceed 10 trillion won ($7.3 billion), driven by a recovery in demand for memory chips and rising prices on the back of the expansion of the artificial intelligence market. Samsung's second-qua...
July 04, 2024
Stalled talks for Line stake sale: Boon or bane for Naver?

Negotiations over Naver’s stake sale in its joint venture with Japan’s SoftBank are expected to be prolonged, with no immediate breakthrough in sight. Naver CEO Choi Soo-yeon on Tuesday made it clear that the portal giant has no immediate intention to sell its stake in LY Corp., the operator of ...
July 03, 2024
Samsung to boost display investments in Vietnam

Samsung Electronics Chairman Lee Jae-yong on Tuesday renewed his commitment to boosting investment in Vietnam, where the company remains the biggest foreign investor, during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Seoul on Tuesday. In the private meeting, the Samsung chief pled...
July 02, 2024
Unionized Samsung workers to stage 3-day walkout

Unionized workers of Samsung Electronics have said they will stage a three-day walkout beginning July 8, as their negotiations with management over wages and working conditions have so far failed. The National Samsung Electronics Union, the largest among multiple Samsung Electronics unions with so...
June 28, 2024
Naver’s top executives discuss sovereign AI with Nvidia CEO

Naver Global Investment Officer and founder Lee Hae-jin and Chief Executive Officer Choi Soo-yeon met with Jensen Huang, the co-founder and CEO of Nvidia, to discuss strengthening their partnership in the rising artificial intelligence technology, according to the Korean internet giant Thursday. N...
June 28, 2024
SK hynix develops industry's top-spec SSD for AI PCs

SK hynix, the world's second-largest memory chip-maker by revenue, said Friday it had successfully developed the industry's highest performancesolid state drive chip that can significantly enhance the process speed in on-device artificial intelligence. The product, dubbed PCB01, comes with the cap...
June 26, 2024
New Galaxy foldable phones to debut in Paris on July 10

Samsung Electronics plans to unveil its highly anticipated next-generation Galaxy Z series infusing Galaxy AI at the upcoming event titled "Galaxy Unpacked 2024: Galaxy AI is Here” in Paris on July 10. The Korean tech giant released a teaser trailer through its YouTube channel on Wednesday, offer...
June 25, 2024
Samsung steps up CXL development with Red Hot-certified infrastructure

Samsung Electronics, the world’s largest maker of memory chips, announced Tuesday it built the industry’s first certified Compute Express Link infrastructure, a crucial step not just for its own product verification, but also for creating an open-source ecosystem. Samsung Memory Research Center,...
June 24, 2024
LG Innotek eyes W2tr in automotive sensor sales by 2030

LG Innotek on Monday set an ambitious goal of achieving 2 trillion won ($1.44 billion) in automotive sensor sales by 2030. The company said it will speed up efforts to adopt its cutting-edge optical technology to diverse future mobility and automotive sensing solutions. Its strategic focus will b...
June 20, 2024
Samsung Tizen OS integrates AI features for expanded connectivity

Samsung Electronics has been enhancing the reach of its proprietary Tizen operating system by incorporating artificial intelligence capabilities. According to Samsung Newsroom on Thursday, Tizen has been deployed in approximately 270 million units of Samsung smart TVs released as of the end of las...
June 19, 2024
SKT-led quantum alliance named 'X Quantum'

SK Telecom, South Korea's largest wireless carrier by membership, on Wednesday unveiled the official name of its quantum alliance: X Quantum. In March, SK Telecom allied with six other companies -- Nokia, SOS Lab, Xgate, Wooriro, KCS and IDQ Korea -- to promote developments in the quantum ecosyste...
June 19, 2024
LG, ChargePoint join forces for EV charging biz

LG Electronics said Wednesday it has teamed up with ChargePoint, a leading provider of networked charging solutions for electric vehicles, to leverage their respective strengths for future innovations in EV charging. The two sides recently signed a memorandum of understanding for commercial EV cha...
June 18, 2024
Samsung’s Galaxy S24 to livestream Paris Olympics’ opening ceremony

As the Paris 2024 Olympics is set to hold its opening ceremony outside the confines of a stadium for the very first time, Samsung Electronics will install its flagship Galaxy S24 Ultra smartphones inside the city to broadcast the iconic event, the tech giant said Tuesday. Samsung, an official part...
June 18, 2024
Naver Webtoon aims for $2.67b valuation via Nasdaq listing

Naver Webtoon, known as Webtoon Entertainment in the US, is seeking to be listed on the Nasdaq market, where it expects to have a corporate value of up to $2.67 billion. Webtoon Entertainment submitted a registration statement to the US Securities and Exchange Commission for its upcoming initial p...
June 17, 2024
Samsung, SNU to set up joint AI research lab

Samsung Electronics and Seoul National University are collaborating to establish a joint research center dedicated to advancing artificial intelligence technology and nurturing talent in the field. Samsung Electronics held a signing ceremony Monday at SNU’s Global Engineering Center for Engineers...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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