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The Korea Times

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The Korea Times

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Tech

Fri, June 9, 2023 | 10:54

LG's Tennessee factory adds dryer line to get closer to US consumers

LG's Tennessee factory adds dryer line to get closer to US consumers

CLARKSVILLE, Tenn. - After exiting the highway northwest of Nashville, the capital of Tennessee, there is a road called LG Way named to commemorate LG Electronics' first U.S. washing machine manufacturing plant. LG opened its Tennessee factory at the end of 2018 as part of the home appliance giant's preemptive move to reduce logistics fee, tariffs and delivery times. Since th...

Baek Byung-yeul | 2023-01-15 10:53

SpaceX inches toward launching internet satellite service Starlink in Korea

SpaceX inches toward launching internet satellite service Starlink in Korea

SpaceX, a U.S. space company owned by Elon Musk, has applied for business registration with South Korean authorities to roll out its network of satellite internet service Starlink, sources said Friday.

2023-01-13 20:17

Seoul City unveils new incubator for fintech startups

Seoul City unveils new incubator for fintech startups

Seoul Metropolitan Government on Friday launched a new incubator for digital financing startups. Seoul Fintech Lab II was unveiled in the city's western Mapo District by the city government's Economic Policy Office.

Ko Dong-hwan | 2023-01-13 17:16

Korea to have 30% of businesses utilize AI technologies by 2030

Korea to have 30% of businesses utilize AI technologies by 2030

Korea plans to have 30 percent of local companies adopt artificial intelligence (AI) technologies by 2030 to beef up competitiveness of local industries, the industry ministry said Friday.

2023-01-13 11:12

Taiwan's TSMC sees record quarter but predicts slowing sales

Taiwan's TSMC sees record quarter but predicts slowing sales

Taiwanese chip giant TSMC reported record fourth-quarter net profits on Thursday, but also predicted slowing sales for the start of 2023 as a potential recession dampens global demand. Taiwan Semiconductor Manufacturing Company operates the world's largest silicon wafer factories and produces some of the most advanced microchips used in everything from smartphones and cars to...

2023-01-12 19:39

[Reporter's Notebook] Korea shows tech leadership at CES

Reporter's NotebookKorea shows tech leadership at CES

“Am I back in Korea?” It may be a bit of an exaggeration to say this, but it was what this reporter felt at the Las Vegas Convention Center where the Consumer Electronics Show (CES) was held last week. At the 56th CES event, about 3,200 companies from 174 countries joined the show to boast their technologies.

Baek Byung-yeul | 2023-01-12 16:41

Camera on Danuri reveals permanently shadowed region of moon

Camera on Danuri reveals permanently shadowed region of moon

The Korean-built Danuri lunar orbiter took pictures of a region of the moon that never sees sunlight, according to the Korea Aerospace Research Institute (KARI), Thursday. Arizona State University, which had manufactured the ShadowCam device installed in the Danuri, shared the photos on its website earlier this week.

Baek Byung-yeul | 2023-01-12 14:46

CES organizer ranks Korea behind Japan in innovation

CES organizer ranks Korea behind Japan in innovation

Concerns have been raised after the organizer of the Consumer Electronics Show (CES) regarded Korea this year as being less innovative than Japan, a country that is considered to be lagging behind in its digital transformation, according to industry officials, Tuesday. The Consumer Technology Association (CTA) announced on the beginning day of the world's most influential tec...

Park Jae-hyuk | 2023-01-10 16:57

Lotte's IT affiliate unveils profitable metaverse model at CES

Lotte's IT affiliate unveils profitable metaverse model at CES

LAS VEGAS - Lotte Data Communication has gained much attention at the Consumer Electronics Show (CES) with its metaverse service, which allows customers to purchase goods easily and conveniently in a virtual space. Its CEO said Saturday that the company aims to blur the boundaries between the virtual and real worlds and launch a metaverse service that can actually generate pr...

Baek Byung-yeul | 2023-01-08 18:03

SK Telecom CEO seeks AI cooperation at CES

SK Telecom CEO seeks AI cooperation at CES

SK Telecom CEO seeks AI cooperation at CES

LAS VEGAS - Ryu Young-sang, CEO of SK Telecom, participated in the Consumer Electronics Show (CES) to network with global artificial intelligence (AI) companies as part of the company's efforts to enhance its capabilities in the fast-changing, emerging world of AI, according to the company, Friday. The company said its CEO met with officials from AI firms such as Palantir, Ph...

Baek Byung-yeul | 2023-01-08 14:44

Lotte's IT affiliate unveils profitable metaverse model at CES

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