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Sat, August 20, 2022 | 01:21

Huawei CFO Meng Wanzhou named chairwoman in rotating role

Telecoms giant Huawei Technologies has given its finance chief Meng Wanzhou, who returned to China in 2021 after nearly three years detention in Canada, the new rotating position of chairwoman, according to the company's website.

2022-04-02 18:18

Korea's ministry opens DMZ-themed metaverse platform

Korea's unification ministry said Thursday it has launched a metaverse service designed to help people experience the Demilitarized Zone (DMZ), bisecting the peninsula, in online space.

2022-03-31 14:19

Samsung to develop next-generation storage technology with Western Digital

Samsung Electronics joined hands with U.S.-based data storage company Western Digital to develop a next-generation storage technology called zoned storage targeting the data center and enterprise markets that need to process large amount of data, the company said Wednesday.

Baek Byung-yeul | 2022-03-30 16:10

KT launches AI quarantine robot

KT has launched an artificial intelligence (AI) quarantine robot intended for use at hospitals and other large facilities receiving many visitors. With quarantine robots being just the start of things to come, the telecommunications giant plans to expand its presence in the fast-growing service robot market, the company said, Wednesday.

Baek Byung-yeul | 2022-03-30 15:06

Regulator OKs SK hynix's acquisition of Key Foundry

Korea's antitrust regulator said Wednesday it has decided to approve the deal by the country's major chipmaker SK hynix to buy local foundry firm Key Foundry.

2022-03-30 11:34

Kakao embroiled in $73-million lawsuit with former CEO

Former Kakao CEO Rim Ji-hoon filed a lawsuit against the company's founder, Kim Beom-su, and Kakao Ventures CEO Chung Shin-a to receive up to 88.7 billion won ($73 million) in performance-based bonus pay, according to industry officials, Friday.

Park Jae-hyuk | 2022-03-25 16:52

LG Energy Solution to build new battery factories in US, Canada

LG Energy Solution (LGES) is expanding its battery cell manufacturing capacity in North America, as the company unveiled two new battery plant projects in the United States and Canada, according to LG Group's battery-making subsidiary, Thursday.

Baek Byung-yeul | 2022-03-24 15:37

Virtual humans emerge as major trend in burgeoning metaverse

The virtual world - or metaverse - has been emerging as the talk of the town, especially since the coronavirus pandemic has drastically curtailed in-person interactions and led people to utilize technology for digital interaction.

Lee Gyu-lee | 2022-03-24 09:08

Korean companies on alert over cybersecurity threats

LG Electronics, Samsung Electronics and other Korean companies need to beef up their cybersecurity readiness levels as more hacking attempts have been reported in recent weeks amid increasing geopolitical risks around the world, sparked by Russia's invasion of Ukraine and North Korea's missile launches, cybersecurity experts here said Wednesday. Not only private enterprises, ...

Baek Byung-yeul | 2022-03-23 17:00

Samsung, LG look to robots as future growth engines

Samsung Electronics and LG Electronics are hiring more workers and expanding investments to foster robots as one of their new growth engines as automated devices are being used increasingly in everyday life, according to company officials Tuesday.

Baek Byung-yeul | 2022-03-23 09:09

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