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The Korea Times

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SCMP
Asia

The Korea Times

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Tech

Sat, June 3, 2023 | 00:53

Global EV battery market to grow fivefold to $616 billion in 2035: market tracker

Global EV battery market to grow fivefold to $616 billion in 2035: market tracker

The global electric vehicle (EV) battery market is forecast to post rapid growth to $616 billion in 2035, a market tracker said Wednesday, with the China-based production likely to sharply shrink amid the EV-related policy revamps in the United States and Europe.

2023-04-12 15:11

Korea to launch 3rd Nuri space rocket on May 24

Korea to launch 3rd Nuri space rocket on May 24

Korea will conduct the third launch of its locally developed Nuri space rocket on May 24 as part of the country's efforts to secure its own technology for putting satellites in orbit, the science ministry said Tuesday. The ministry said it held a meeting of the Nuri's launch management committee and decided to launch the next Nuri rocket from the Naro Space Center in Goheung,...

2023-04-11 17:01

Samsung Display to provide OLEDs to Ferrari

Samsung Display to provide OLEDs to Ferrari

Choi Joo-sun, right, CEO of Samsung Display, poses with Benedetto Vigna, CEO of Ferrari, after agreeing to provide OLED displays to the Italian supercar maker at Samsung's Asan Campus in South Chungcheong Province, Tuesday. Courtesy of Samsung Display

2023-04-11 14:49

Naver faces growing regulatory risks as its online dominance grows

Naver faces growing regulatory risks as its online dominance grows

The government and lawmakers are taking action to regulate Naver's monopolistic position, according to industry officials, Monday. The Fair Trade Commission (FTC) has been strengthening its guidelines for evaluating the monopolistic practices of internet platform companies like Naver since the beginning of the year.

2023-04-10 16:46

Korea to invest $10.23 bil. by 2030 in chips, batteries, other key sectors

Korea to invest $10.23 bil. by 2030 in chips, batteries, other key sectors

Korea will invest 13.5 trillion won ($10.23 billion) in key industry sectors, including semiconductors, secondary batteries and nuclear power generation, by 2030 to achieve innovative technologies and spur economic growth, the industry ministry said Monday.

2023-04-10 16:40

[ANALYSIS] China's Micron probe unlikely to affect Samsung, SK

ANALYSISChina's Micron probe unlikely to affect Samsung, SK

Angered by Washington's moves to limit China's access to technology to manufacture highly-advanced semiconductors, key Chinese leaders are still struggling to figure out how to apply various retaliatory measures without curbing their ambitions in the chip industry.

2023-04-10 07:52

LG Energy Solution posts earnings surprise in Q1

LG Energy Solution posts earnings surprise in Q1

Korea's electric vehicle (EV) battery makers have begun to enjoy increased earnings due to the U.S. Inflation Reduction Act (IRA), which offers tax incentives for their production and sales in North America. While announcing on Friday that its first-quarter operating profit is estimated to have soared 144.6 percent year-on-year to 633.2 billion won ($480 million), LG Energy S...

2023-04-07 16:10

Samsung's chip production cut expected to hasten earnings recovery

Samsung's chip production cut expected to hasten earnings recovery

Samsung Electronics is expected to enjoy a steady recovery in its earnings during the second half of this year at the latest, according to domestic securities analysts, Friday. Such an optimistic outlook has been attributed mainly to the tech giant's latest decision to reduce the manufacturing volume of memory chips to a “meaningful level.”

2023-04-07 16:03

Display expert wins ETRI Researcher of the Year award

Display expert wins ETRI Researcher of the Year award

Kang Chan-mo, a display researcher at the Electronics and Telecommunications Research Institute (ETRI), has won this year's ETRI Research of the Year award for his contribution to OLED research, the state-run IT research institute said Wednesday. ETRI said Kang, who has developed the key technology for OLED microdisplays, critical components for virtual reality and augmented ...

2023-04-07 10:00

Maum AI vows to expand business with language model

Maum AI vows to expand business with language model

Maum AI, which recently changed its company name from Minds Lab, aims to expand its artificial intelligence (AI) business in Korea utilizing its large language model similar to that of ChatGPT, Yoo Tae-joon, CEO of Maum AI said during a conference in Seoul, Wednesday.

2023-04-05 16:38

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1	More banks offer daily interest payments on deposits

2	Hyundai Elevator launches AI, IoT-powered maintenance service

3	Roland Garros 2023

4	Airlines fiercely compete to acquire additional aircraft

5	Seoul imposes sanctions on North Korean hacking group for role in space launch

6	LG Chem joins Korean firms strengthening ties with Japan

7	HMM tasked with preventing sale of Hyundai LNG to foreign firm

8	Korean stocks feared to lose steam on prolonged trade deficit, real estate doldrums

9	POSCO, GM expand joint EV battery materials investment in North America

10	Indo-Pacific region highlighted as important for Korean economy's future

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