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Friday, April 26, 2024

BUSINESS

South Korea puts first indigenous nanosatellite into orbit as part of constellation project

The first domestically developed nanosatellite communicated with the ground station at the Korea Aerospace Research Institute in Daejeon after it was launched into orbit...

LG Display produces world’s first ‘dual-mode’ OLED gaming panel

LG Display began mass production of its organic light-emitting diode (OLED) dual-mode gaming panel that allows users to swap between two resolutions with assigned...

Samsung SDI unveils cutting edge tech at EV symposium in Seoul

Samsung SDI will showcase cutting-edge technologies, including a solid-state battery and an ultrafast charging system, at the 37th Electric Vehicle Symposium & Exposition (EVS37),...

Global coffee, restaurant franchises flourish in Seoul as local palates expand

Seoul was once known as the deathbed for global F&B chains and franchises. Established brands like Cold Stone and Wendy’s used to ambitiously enter...

Korea’s two largest conglomerates, Samsung and SK, float controversial six-day workweek

Samsung and SK, Korea’s two largest conglomerates, have encouraged their executive-level employees to work on weekends in a disputed move that have triggered fears...

LG Electronics unleashes endangered animal video in New York

LG Electronics released a promotional video raising awareness of endangered species in Times Square in New York on Tuesday, in line with Earth Day...

Samsung unveils latest LPDDR chip in preparation for ‘on-device AI era’

Samsung Electronics said Wednesday it has developed the fastest low-power double data rate (LPDDR) 5X memory chip, able to transmit data at a speed...

SK rises as second most valuable conglomerate, data firm says

SK Group, Korea's chip-to-battery conglomerate, emerged as the second most valuable conglomerate after Samsung Group on the Korean stock markets at the end of...

U.S. grants Samsung $6.4 billion CHIPS Act subsidy for Texas investment

Samsung Electronics will be given a subsidy of $6.4 billion for its $45 billion chip investment in Texas, the U.S. Commerce Department announced Monday,...

South Korea’s IT giant Kakao enters global alliance to oversee AI future

Kakao joined the AI Alliance, a global consortium dedicated to promoting open-source artificial intelligence (AI) development, with members including global tech firms Meta and...