62.3 F
Los Angeles
Tuesday, June 18, 2024

BUSINESS

Celine posts explosive growth in Korea as Louis Vuitton, Rolex underwhelm

The four most popular luxury brands in Korea — Hermès, Chanel, Louis Vuitton and Dior — saw a decline in operating profit last year,...

SK Telecom launches AI-powered advertising platform with U.S. startup Moloco

SK Telecom’s employees are operating ASUM 2.0. SK Telecom said Monday that it would launch the AI-based advertising platform ASUM 2.0 in partnership with U.S....

Korea’s KTX makes first overseas export deal with Uzbekistan

Korea's high-speed railway, the KTX, is set for its first overseas export to Uzbekistan. Hyundai Rotem signed a $200 million contract on Friday to export six...

Samsung chief Lee meets Meta, Amazon, Qualcomm CEOs to discuss AI

Samsung Electronics Chairman Lee Jae-yong met the heads of Meta, Amazon and Qualcomm to explore business opportunities in AI and cloud computing during his...

Coupang hit with $102 million fine from FTC over search results manipulation

Coupang was slapped with a 140 billion won ($102 million) fine by Korea's Fair Trade Commission (FTC) for manipulating its search results to enhance...

U.S. weighing sanctions on advanced chip technology to China

The U.S. government is considering further restrictions on China's access to advanced chip technology, according to Bloomberg on Wednesday, that could significantly hinder China's...

Korea, stronghold of Samsung, left out of Apple Vision Pro’s overseas rollout

Korea was again excluded from the list of countries that will receive Apple's Vision Pro. Apple announced Monday at its annual Worldwide Developers Conference (WWDC) that...

Tax delinquency worsens skepticism of oil claim consulting firm ACT-GEO

ACT-GEO, a U.S. consulting company that conducted a study on the potential discovery of oil and gas off Korea's east coast, was found to...

Naver Papago, Korea’s AI-powered translation service, surpasses 20 million users

Users of Naver Papago, the Korean online portal operator’s artificial intelligence-powered translation service, have steadily increased, topping 20 million last month on overseas demand,...

Samsung to extend on-device AI to KakaoTalk, other third-party apps

Samsung’s on-device AI, which offers live translation of multiple languages, will soon be available on third-party apps such as KakaoTalk. Some of the features provided...