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Reporter : Kim Bo-eun
Sun, December 3, 2023 | 02:48
[Reporter's Notebook] What is LG Uplus' future growth engine?
Korea's major telecom firms are scrambling to find their next growth engines as they seek to reduce their reliance on their traditional business amid market saturation. But LG Uplus has remained quiet compared to its competitors SK Telecom (SKT) and KT, which have unveiled ambitious investments and plans for new businesses in recent years.
LG CNS offers AI-powered language programs to Seoul students
LG CNS is set to offer artificial intelligence (AI) powered language learning programs to students in Seoul in partnership with the Seoul Metropolitan Office of Education (SMOE). Under the partnership, about 800,000 elementary, middle and high school students will be able to study English with the programs both in regular classes and through extracurricular activities.
Samsung, SK consider establishing new battery joint ventures
Samsung SDI and SK Innovation (SKI) are considering establishing additional joint ventures with their clients in Europe in a move to provide stable supply sources for electric vehicle (EV) batteries and maintain optimal profit margins, according to multiple industry sources, Monday. The move by the Korean firms is in line with an ongoing strategic realignment in the global ba...
Samsung develops stretchable display for wearable healthcare devices
Samsung Electronics has developed stretchable organic light-emitting diode (OLED) display that can be attached to human skin by changing its shape, the company announced Sunday. It said the elastic technology can be used for wearable devices that can monitor and display a person's heartbeat as well as other biometric data in real-time.
Will Samsung unveil 6G technology at upcoming event?
All industry eyes are on whether Samsung Electronics will unveil 6G technology at an upcoming online event on telecom networks. The event, titled "Unleashing the full power of 5G," will take place on June 22. While the event is set to introduce new 5G technology, Samsung may introduce 6G technology currently under development.
IT firms' toxic work culture comes under scrutiny
The recent death of a Naver employee is shedding light on the culture prevalent at Korea's largest IT firms that is proving to be harmful to individuals as well as the organizations. A worker at Korea's top portal was found dead last week, after he complained he had been under high levels of work-related stress. A flurry of posts appeared on Blind, an anonymous online communi...
Battery material makers following battery manufacturers to US
Local battery material makers are seeking to set up factories in the U.S., where Korean battery manufacturers are expanding production in a bid to capture opportunities in the fast-growing U.S. market for electric vehicles (EVs).
SK partners with US self-driving truck tech firm
SK Group's holding company has partnered with Kodiak Robotics, a U.S. self-driving truck startup, to introduce the company's technology in Asian markets. Under the partnership, Kodiak will combine its software with SK's products, components and technology. Kodiak estimates the size of the freight market in Asia to reach $1.5 trillion.
Korea moving to revise telecom subsidy law
Moves to hike subsidies for mobile phone purchases are generating a buzz among dealerships and telecom operators. The Korea Communications Commission stated Wednesday it has revised related laws to double the cap on subsidies that dealerships are able to provide for mobile phone purchases, from 15 percent to 30 percent.
LG, Hyundai to unveil Indonesia joint venture plan next week
LG's battery manufacturing unit and Hyundai Motor will unveil a joint venture in Indonesia in early June, sources said Tuesday. The two companies have been in discussion with Indonesian authorities for years, and Indonesian Investment Minister Bahlil Lahadalia appears to have visited Seoul for final arrangements before plans for the venture are announced.