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The Korea Herald

Tech

March 15, 2024
Naver to reform news service for transparency

Korean internet giant Naver said Friday it would introduce a set of news service policies to enhance transparency and impartiality, with the intention of preventing defamatory media reports and strengthening measures againsts users who leave comments that violate election laws. To protect users wh...
March 15, 2024
Samsung Electronics to receive $6b subsidy in US

The US Department of Commerce is poised to grant Samsung Electronics subsidies exceeding $6 billion, according to a news report Friday. “The US plans to award more than $6 billion to Samsung Electronics, helping the chipmaker expand beyond a project in Texas it has already announced,” Bloomberg ...
March 14, 2024
Naver CEO marks 2nd year with stable growth, corporate reform

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...
March 14, 2024
New space agency hints at ‘no salary cap’ for workers

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...
March 13, 2024
Nvidia soars in AI boom, Samsung, TSMC struggle – Uncovering the why

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...
March 13, 2024
Trade chief says US chip subsidies coming

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...
March 12, 2024
LG invests $60m in Silicon Valley robot startup

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...
March 12, 2024
LG Electronics invests $60 mln into US startup Bear Robotics

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...
March 12, 2024
The 4 key trends in AI chip development (2)

(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...
March 11, 2024
LG to develop AI model to treat Alzheimer's, cancer

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...
March 11, 2024
Samsung to debut washer-dryer combo globally in Q2

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...
March 11, 2024
[Herald Interview] Indiana looks to expand Korean ties in chips, AI

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...
March 11, 2024
The 4 key trends in AI chip development (1)

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...
March 11, 2024
LG, Qualcomm partner for EV battery monitoring

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 ...
March 08, 2024
Samsung Display chief becomes local display industry association president

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 ...

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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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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