KoreaTechToday

08/07/2024

AI and 6G: Singtel and SK Telecom Collaborate to Shape the Future of Telecommunications - Singtel and SK Telecom have signed a Memorandum of Understanding (MoU) to collaborate on developing next-generation telecommunications networks over the next two years. This partnership aims to drive innovation, enhance network performance and security, and deliver improved customer experiences. The collaboration will focus on utilizing artificial intelligence (AI), orchestration tools, and deepening knowledge in network […]

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07/07/2024

EV Battery Maker SK On Declares ‘Emergency Management: FT - The electric vehicle (EV) battery manufacturer SK On has declared a state of crisis due to disappointing EV sales in Europe and the US This announcement follows a series of cost-cutting and operational adjustments initiated by Chief Executive Lee Seok-hee, who described the situation as “emergency management” in a letter to employees, according to the […]

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The electric vehicle (EV) battery manufacturer SK On has declared a state of crisis due to disappointing EV sales in Europe and the US This announcement follows a series of cost-cutting and operational adjustments initiated by Chief Executive Lee Seok-hee, who described the situation as "emergency m

04/07/2024

KT Corp. Launches Upgraded Genie TV Tab 3 with Enhanced Features - On Thursday, KT Corp. launched the Genie TV Tab 3, a tablet-type Internet TV device. The Genie TV Tab 3 allows users to watch live channels on KT’s IPTV, VOD replays, Kids Land services, and over-the-top video services. Additionally, it supports web browsing via KT Wi-Fi in the home and can be used as an […]

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On Thursday, KT Corp. launched the Genie TV Tab 3, a tablet-type Internet TV device. The Genie TV Tab 3 allows users to watch live channels on KT's IPTV, VOD replays, Kids Land services, and over-the-top video services. Additionally, it supports web browsing via KT Wi-Fi in the home and can be used

03/07/2024

Hanwha Systems to Launch Five Hyperspectral Satellites by 2028 - Hanwha Systems has announced its entry into the hyperspectral satellite business, focusing on the observation of greenhouse gases. The company secured a contract worth approximately KRW 40.5 billion from the National Institute of Environmental Research to develop and supply a total of five ultra-small hyperspectral satellites by 2028. The project is a crucial step for […]

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01/07/2024

Reviving Operations: SK Group’s $75 Billion Investment in AI and Chips - SK Hynix, the world’s second-largest memory chip maker, announced an investment of 103 trillion won ($74.6 billion) through 2028 to support its chip business, which will focus on artificial intelligence (AI). With the investment, SK Group, the parent company of SK Hynix, aims to secure 80 trillion won by 2026 to support AI and semiconductor […]

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SK Hynix, the world's second-largest memory chip maker, announced an investment of 103 trillion won ($74.6 billion) through 2028 to support its chip business, which will focus on artificial intelligence (AI). With the investment, SK Group, the parent company of SK Hynix, aims to secure 80 trillion w

30/06/2024

South Korea Unveils $12.22 Billion Boost for Semiconductor Industry - South Korea has announced a financial boost to strengthen its semiconductor industry in the face of escalating global competition. The finance ministry disclosed plans to allocate 17 trillion won $12.22 billion in low-interest loans next month to stimulate corporate investments within the semiconductor sector. This funding will be accessible to both domestic and foreign companies […]

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South Korea has announced a financial boost to strengthen its semiconductor industry in the face of escalating global competition. The finance ministry disclosed plans to allocate 17 trillion won $12.22 billion in low-interest loans next month to stimulate corporate investments within the semiconduc

30/06/2024

KT Corp Accused of Infecting P2P Users with Malware to Curb Traffic - A South Korean media outlet has reported that KT Corp, a local telecom giant, allegedly intentionally infected certain customers with malware in response to their extensive use of peer-to-peer (P2P) downloading tools. This malware, aimed at concealing files and causing service disruptions, was purportedly introduced into the Grid Program, which enables data exchange via P2P […]

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A South Korean media outlet has reported that KT Corp, a local telecom giant, allegedly intentionally infected certain customers with malware in response to their extensive use of peer-to-peer (P2P) downloading tools. This malware, aimed at concealing files and causing service disruptions, was purpo

30/06/2024

SK Hynix Unveils High-Speed PCB01 SSD for AI PCs - Korean memory manufacturer SK Hynix is launching a high-speed solid-state drive (SSD) tailored for artificial intelligence (AI) PCs. Designed to enable small-scale generative AI large language models (LLMs) to run locally, these AI PCs are characterized by advanced processors with integrated neural processing units (NPUs) capable of handling computational tasks without relying on cloud-based systems. […]

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Korean memory manufacturer SK Hynix is launching a high-speed solid-state drive (SSD) tailored for artificial intelligence (AI) PCs. Designed to enable small-scale generative AI large language models (LLMs) to run locally, these AI PCs are characterized by advanced processors with integrated ne

30/06/2024

Hyundai Glovis to Invest $6.5 Billion by 2030, Aiming for $31.3 Billion in Sales - Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, announced its plan to invest over 9 trillion won (US$6.5 billion) by 2030. The investment aims to achieve more than 40 trillion won in sales by that year. At its first CEO Investor Day, the company revealed that the investment will include mergers and acquisitions […]

The post Hyundai Glovis to Invest $6.5 Billion by 2030, Aiming for $31.3 Billion in Sales appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, announced its plan to invest over 9 trillion won (US$6.5 billion) by 2030. The investment aims to achieve more than 40 trillion won in sales by that year.At its first CEO Investor Day, the company revealed that the investment will in

28/06/2024

South Korea and U.S. Strengthen Semiconductor Ties with New Cooperation Initiatives - On June 28, South Korea’s Ministry of Trade, Industry, and Energy announced that semiconductor lobby groups from South Korea and the United States had convened to discuss expanding bilateral cooperation in technology research and maintaining a stable supply chain. This dialogue, held in Washington, was part of an initiative agreed upon by the two countries […]

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On June 28, South Korea's Ministry of Trade, Industry, and Energy announced that semiconductor lobby groups from South Korea and the United States had convened to discuss expanding bilateral cooperation in technology research and maintaining a stable supply chain. This dialogue, held in Washington,

24/06/2024

LG Innotek Targets W2 Trillion in Automotive Sensor Sales by 2030 - LG Innotek announced on Monday its target of achieving 2 trillion won ($1.44 billion) in annual automotive sensor sales by 2030. The company aims to leverage its advanced optical technology to enhance future mobility and automotive sensing solutions. “Building on our success in the mobile camera module business, we plan to make our automotive sensor […]

The post LG Innotek Targets W2 Trillion in Automotive Sensor Sales by 2030 appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

LG Innotek announced on Monday its target of achieving 2 trillion won ($1.44 billion) in annual automotive sensor sales by 2030. The company aims to leverage its advanced optical technology to enhance future mobility and automotive sensing solutions."Building on our success in the mobile camera

20/06/2024

SK Group Restructures: SK Innovation and SK E&S Eye $77 Billion Merger - South Korea’s SK Innovation Co., the parent company of the nation’s largest oil refiner, SK Energy Co. and battery maker, SK On Co., is reportedly planning to merge with its energy affiliate SK E&S Co. This merger is expected to create an asset company valued at 106 trillion won ($77 billion), making it Korea’s eighth-largest […]

The post SK Group Restructures: SK Innovation and SK E&S Eye $77 Billion Merger appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

South Korea's SK Innovation Co., the parent company of the nation's largest oil refiner, SK Energy Co. and battery maker, SK On Co., is reportedly planning to merge with its energy affiliate SK E&S Co. This merger is expected to create an asset company valued at 106 trillion won ($77 billion), m

19/06/2024

Samsung Galaxy AI-Powered Laptops Book4 Edge Launched - Samsung Electronics has announced the immediate availability of its new Samsung Galaxy Book4 Edge in select global markets. This device, powered by the Qualcomm Snapdragon X Elite chipset, features advanced AI processing and intelligent hybrid AI integrations, promising seamless performance for both work and play. The Galaxy Book4 Edge, initially revealed last month, is designed […]

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Samsung Electronics has announced the immediate availability of its new Samsung Galaxy Book4 Edge in select global markets. This device, powered by the Qualcomm Snapdragon X Elite chipset, features advanced AI processing and intelligent hybrid AI integrations, promising seamless performance for both

18/06/2024

South Korea to Invest $14.5M in Blockchain Innovation Across Public and Private Sectors - South Korea plans to invest 20 billion won (approximately $14.5 million) in a blockchain support project to enhance the local blockchain industry and technology. Spearheaded by the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA), the initiative will focus on six public sector projects, including developing a CBDC-based digital voucher […]

The post South Korea to Invest $14.5M in Blockchain Innovation Across Public and Private Sectors appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

South Korea plans to invest 20 billion won (approximately $14.5 million) in a blockchain support project to enhance the local blockchain industry and technology. Spearheaded by the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA), the initiative will focus on six

17/06/2024

LG CNS Completes Advanced Unmanned Agricultural Project in Naju - LG CNS announced on the 13th that it has completed the construction of an “Smart Platform for Advanced Unmanned Agricultural Production Demonstration Complex” in Naju, Jeollanam-do, and has started full-scale service. The new AI-powered smart farm utilizes satellite imagery to detect crop diseases and recommend treatment strategies. As a leading information technology service company, LG […]

The post LG CNS Completes Advanced Unmanned Agricultural Project in Naju appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

LG CNS announced on the 13th that it has completed the construction of an "Smart Platform for Advanced Unmanned Agricultural Production Demonstration Complex" in Naju, Jeollanam-do, and has started full-scale service. The new AI-powered smart farm utilizes satellite imagery to detect crop diseases a

13/06/2024

Samsung Unveils Strategy to Fast-Track AI Chip Production - Samsung Electronics has announced a strategic plan to expedite the production of AI chips by offering a one-stop shop service. It was unveiled during the Samsung Foundry Forum (SFF) U.S. at Device Solutions America headquarters. Samsung Electronics is set to streamline AI chip production by integrating its memory chip, foundry, and chip packaging teams into […]

The post Samsung Unveils Strategy to Fast-Track AI Chip Production appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

Samsung Electronics has announced a strategic plan to expedite the production of AI chips by offering a one-stop shop service. It was unveiled during the Samsung Foundry Forum (SFF) U.S. at Device Solutions America headquarters. Samsung Electronics is set to streamline AI chip production by int

12/06/2024

LG Uplus and Meta Collaborate to Bring AI ixi to Instagram - LG Uplus Corp. will integrate its artificial intelligence, ixi, with Instagram later this year. The collaboration will provide Instagram users with a more accessible and interactive AI experience. With the initiative, LG Uplus’ plans to integrate AI into everyday life and enhance customer engagement through social media. When users send messages to LG Uplus’ Instagram […]

The post LG Uplus and Meta Collaborate to Bring AI ixi to Instagram appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

LG Uplus Corp. will integrate its artificial intelligence, ixi, with Instagram later this year. The collaboration will provide Instagram users with a more accessible and interactive AI experience. With the initiative,  LG Uplus’ plans to integrate AI into everyday life and enhance customer engage

11/06/2024

Hanwha Systems to Lead AESA Radar Technology for Unmanned Aircraft in KF-21 Program - Hanwha Systems Co., a South Korean aerospace and defense contractor, has been selected by the state-run Korea Institute for Defense Analyses to develop advanced radars es**rting the KF-21 fighter jets. This selection makes Hanwha Systems the preferred developer for active electronically scanned array (AESA) radar technology for unmanned aerial vehicles (UAVs) to be used alongside […]

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Hanwha Systems Co., a South Korean aerospace and defense contractor, has been selected by the state-run Korea Institute for Defense Analyses to develop advanced radars es**rting the KF-21 fighter jets. This selection makes Hanwha Systems the preferred developer for active electronically scanned

10/06/2024

SK Telecom’s Metaverse Hotel Brings Fans Closer to K-pop Stars - South Korean mobile carrier SK Telecom has introduced a new K-pop fan community space on its metaverse platform, ifland. Conceptualized as a 99-floor hotel, this space allows K-pop artists and their global fans to meet and interact. The homepage provides information on which artists have checked in on which floors, enhancing the fan experience. The […]

The post SK Telecom’s Metaverse Hotel Brings Fans Closer to K-pop Stars appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

South Korean mobile carrier SK Telecom has introduced a new K-pop fan community space on its metaverse platform, ifland. Conceptualized as a 99-floor hotel, this space allows K-pop artists and their global fans to meet and interact. The homepage provides information on which artists have checked in

07/06/2024

Kakao and LINE to Launch Kaia Blockchain Platform in the Philippines - South Korea’s Kakao and Japan’s LINE are set to introduce a new blockchain platform named Kaia in the Philippines, leveraging the country’s growing interest in Web3 gaming. Kaia, formed from the merger of Kakao’s Klaytn and LINE Tech Plus’s Finschia, will capitalize on the rising popularity of blockchain technologies in the region. Kaia will be […]

The post Kakao and LINE to Launch Kaia Blockchain Platform in the Philippines appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

South Korea's Kakao and Japan's LINE are set to introduce a new blockchain platform named Kaia in the Philippines, leveraging the country's growing interest in Web3 gaming. Kaia, formed from the merger of Kakao's Klaytn and LINE Tech Plus's Finschia, will capitalize on the rising popularity of block

06/06/2024

Intel and Naver Team Up to Counter Nvidia in AI Chip Market - Intel and Naver are reportedly joining forces to expand the software ecosystem for Intel’s Gaudi AI accelerator, an open-source platform. Artificial intelligence executives at Intel Corp. and Naver Corp. emphasized the importance of a unified approach to counter Nvidia Corp.’s dominance in the AI chip market. According to recent reports, the collaboration between the Santa […]

The post Intel and Naver Team Up to Counter Nvidia in AI Chip Market appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

Intel and Naver are reportedly joining forces to expand the software ecosystem for Intel's Gaudi AI accelerator, an open-source platform. Artificial intelligence executives at Intel Corp. and Naver Corp. emphasized the importance of a unified approach to counter Nvidia Corp.'s dominance in the AI ch

05/06/2024

South Korea’s Kakao Mobility Debuts Global Taxi-Hailing Platform to Challenge Uber - Kakao Mobility Corp., South Korea’s leading ride-hailing service provider, has launched a global app to compete with Uber Technologies Inc. The new platform aims to attract international customers and serve foreigners in Korea. Kakao Mobility, known for its Kakao T service, plans to expand this new taxi-hailing platform to around 30 countries by the end […]

The post South Korea’s Kakao Mobility Debuts Global Taxi-Hailing Platform to Challenge Uber appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

Kakao Mobility Corp., South Korea's leading ride-hailing service provider, has launched a global app to compete with Uber Technologies Inc. The new platform aims to attract international customers and serve foreigners in Korea.Kakao Mobility, known for its Kakao T service, plans to expand this n

04/06/2024

Microsoft Teams Up with KT Corp to Drive AI and Cloud Advancements in Korea - South Korean telecom giant KT Corp has announced a strategic collaboration with US tech behemoth Microsoft to strengthen the local artificial intelligence (AI) and cloud computing sectors. The partnership entails joint endeavors in AI and cloud research projects. As per reports from Yonhap news agency, both companies plan to develop tailored AI, cloud, and IT […]

The post Microsoft Teams Up with KT Corp to Drive AI and Cloud Advancements in Korea appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

South Korean telecom giant KT Corp has announced a strategic collaboration with US tech behemoth Microsoft to strengthen the local artificial intelligence (AI) and cloud computing sectors. The partnership entails joint endeavors in AI and cloud research projects. As per reports from Yonhap news

03/06/2024

Science Ministry Orders Kakao to Improve Operations After Service Outages - The Ministry of Science and ICT has directed Kakao, the operator of KakaoTalk, to rectify its operation system to enhance service stability after recent disruptions. Kakao has been instructed to submit an improvement plan within a month and demonstrate results within three months. Following recent service failures in KakaoTalk, the government has urged Kakao to […]

The post Science Ministry Orders Kakao to Improve Operations After Service Outages appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

The Ministry of Science and ICT has directed Kakao, the operator of KakaoTalk, to rectify its operation system to enhance service stability after recent disruptions. Kakao has been instructed to submit an improvement plan within a month and demonstrate results within three months.Following recen

31/05/2024

Hanwha Group Earns Coveted Spot on TIME100 Most Influential Companies List - Hanwha Group has been honored with a place on TIME magazine’s prestigious ‘TIME100 Most Influential Companies‘ list. The announcement, made on May 31, is Hanwha’s debut on this renowned roster and its distinction as the sole Korean enterprise included in this year’s selection. This recognition, part of TIME’s fourth annual compilation, shines a spotlight on […]

The post Hanwha Group Earns Coveted Spot on TIME100 Most Influential Companies List appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

Hanwha Group has been honored with a place on TIME magazine's prestigious 'TIME100 Most Influential Companies' list. The announcement, made on May 31, is Hanwha's debut on this renowned roster and its distinction as the sole Korean enterprise included in this year's selection. This recognition,

30/05/2024

Archer Aviation and Kakao Mobility to Launch Electric Air Taxis in South Korea by 2026 - Archer Aviation is partnering with Kakao Mobility to introduce electric air taxi flights to South Korea by 2026, pending the timely development of its aircraft. The collaboration will bring the Midnight eVTOL aircraft to Seoul. With this, Kakao Mobility plans to purchase and operate up to 50 of Archer’s Midnight eVTOL aircraft, valued at approximately […]

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Archer Aviation is partnering with Kakao Mobility to introduce electric air taxi flights to South Korea by 2026, pending the timely development of its aircraft. The collaboration will bring the Midnight eVTOL aircraft to Seoul. With this, Kakao Mobility plans to purchase and operate up to 50 of Arch

30/05/2024

South Korea Launches KASA, Sets Ambitious Moon Landing Goal by 2032 - South Korea officially launched the Korea AeroSpace Administration (KASA) on Monday in Sacheon. Established under a special law passed in January, KASA will unify government organizations responsible for space policy and projects to help make the country a global space powerhouse. KASA, South Korea’s first independent space agency, will lead policy and industrial development in […]

The post South Korea Launches KASA, Sets Ambitious Moon Landing Goal by 2032 appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

South Korea officially launched the Korea AeroSpace Administration (KASA) on Monday in Sacheon. Established under a special law passed in January, KASA will unify government organizations responsible for space policy and projects to help make the country a global space powerhouse. KASA, South Korea'

28/05/2024

Tech Diplomacy: UAE President Sheikh Mohammed bin Zayed Al Nahyan Meets South Korean Business Leaders - United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan arrived in South Korea on Tuesday. His plane was welcomed by an honorary es**rt of four fighter jets. It is his first state visit to Asia’s fourth-largest economy, with a two-day agenda focused on strengthening ties with Asia’s business elite. He travels to Beijing on […]

The post Tech Diplomacy: UAE President Sheikh Mohammed bin Zayed Al Nahyan Meets South Korean Business Leaders appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan arrived in South Korea on Tuesday. His plane was welcomed by an honorary es**rt of four fighter jets. It is his first state visit to Asia's fourth-largest economy, with a two-day agenda focused on strengthening ties with Asia's busin

24/05/2024

South Korea Unveils $19 Billion Boost for Semiconductor Industry - South Korean President Yoon Suk Yeol on Thursday announced a record $19 billion support plan for the country’s crucial semiconductor industry. The initiative, unveiled during a government economic review meeting, will help South Korea lead its position in the global chip market, supporting memory chipmakers Samsung Electronics and SK Hynix. The comprehensive support package, worth […]

The post South Korea Unveils $19 Billion Boost for Semiconductor Industry appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform .

South Korean President Yoon Suk Yeol on Thursday announced a record $19 billion support plan for the country's crucial semiconductor industry. The initiative, unveiled during a government economic review meeting, will help South Korea lead its position in the global chip market, supporting memory ch