AI solution
Scope
Date
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Corporate restructuring
Hanwha Solutions seeks spinoffs of Galleria, advanced materials divisions
Hanwha Solutions Corp., the energy and petrochemical arm of the Hanwha Group, is revving up for wide-ranging corporate restructuring to strengthen i...
Sep 23, 2022 (Gmt+09:00)
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Artificial intelligence
LG fridges, TVs to leverage embedded AI to distinguish human voices
LG Electronics Inc., an industry frontrunner in applying artificial intelligence to home appliances, has unveiled a new speaker identification techn...
Sep 21, 2022 (Gmt+09:00)
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Artificial intelligence
NCSOFT publishes three AI academic papers at INTERSPEECH 2022
South Korea’s gaming giant NCSOFT Corp. will present three academic papers at INTERSPEECH 2022, the world’s largest and most comprehensi...
Sep 19, 2022 (Gmt+09:00)
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Corporate strategy
SK Tel CEO says low valuation tops list of his concerns
South Korea’s SK Telecom Co. is undervalued relative to its robust earnings and steady dividend payouts and needs to boost new AI-driven growt...
Sep 15, 2022 (Gmt+09:00)
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Artificial intelligence
LG AI center joins forces with Parsons School for creative AI development
South Korea’s LG Corp. announced it signed an academic collaboration agreement with the New York City-based Parsons School of Design on Monday...
Sep 13, 2022 (Gmt+09:00)
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Energy
Hanwha Solutions, GS Energy to produce sheets for solar power
South Korea’s Hanwha Solutions Corp., Hanwha Group’s energy services arm, is entering into a sizeable co-investment to strengthen its so...
Sep 07, 2022 (Gmt+09:00)
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Cloud computing
Hancom to focus on cloud computing and AI services
South Korea’s homegrown software giant Hangul and Computer Group, also known as Hancom Inc. Group, is slated to transform itself into a cloud ...
Sep 07, 2022 (Gmt+09:00)
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Webtoons
Naver Webtoon to pursue profitability with more paying subscribers
South Korea’s Naver Webtoon Corp. is seeking to increase the number of its paying subscribers as the company is shifting its business paradigm...
Aug 30, 2022 (Gmt+09:00)
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Leadership & Management
Hanwha's heir apparent promoted as group's vice chair
South Korea’s Hanwha Group promoted its petrochemical and energy unit Hanwha Solutions Corp. CEO Kim Dong Kwan as the group’s new vice c...
Aug 29, 2022 (Gmt+09:00)
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Batteries
POSCO builds EV battery recycling plant in Poland
South Korea’s POSCO Holdings has built a rechargeable battery recycling plant in Poland, in line with Europe’s tougher regulations on ba...
Aug 26, 2022 (Gmt+09:00)
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Artificial intelligence
LG unveils AI ethics principles focusing on respect to humans
LG Group announced on Wednesday artificial intelligence ethics principles focusing on respect for humans that employees in the sector must follow as...
Aug 25, 2022 (Gmt+09:00)
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Electric vehicles
SK, SK Energy acquire US energy solution provider Atom Power
SK Inc. and SK Energy announced they have jointly acquired North Carolina-based energy solution enterprise Atom Power Inc. for $150 million.The thre...
Aug 18, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor to redirect its TaaS, AI functions to self-driving arm 42dot
Hyundai Motor Group will redirect the core functions of its Transportation-as-a-Service (TaaS) division and AIRS Company to its recently acquired se...
Aug 18, 2022 (Gmt+09:00)
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Food & Beverage
Drones, AI, big data power Korean fisheries’ earnings
The Jubilee, a 2,200-ton tuna fishing vessel operated by South Korea’s leading fishing company Dongwon Industries Co., has been using drones t...
Aug 17, 2022 (Gmt+09:00)
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Artificial intelligence
Silicon Valley-based AI startup Allganize revs up to go public in Japan
Allganize Inc., a Silicon Valley-based artificial intelligence (AI) startup, recently announced the company will relocate some of its headquarters f...
Aug 17, 2022 (Gmt+09:00)
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Batteries
Boston emerges as Korean firms’ R&D hub for AI, batteries
Top South Korean conglomerates Samsung and Hyundai have selected Boston as the home of their first overseas research centers for batteries and artif...
Aug 16, 2022 (Gmt+09:00)
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Automobiles
Hyundai to set up AI robotics R&D center near Boston
South Korea’s Hyundai Motor Group will set up an artificial intelligence research center in the Boston area to develop AI-driven robotics tech...
Aug 12, 2022 (Gmt+09:00)
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Artificial intelligence
LG Group to launch AI education programs for teenagers
South Korea’s LG Group will include teenagers in its mid- to long-term project to nurture artificial intelligence talent, as AI technology is ...
Aug 10, 2022 (Gmt+09:00)
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IPOs
Mobility platform Socar slashes price to push ahead with IPO
South Korea’s first mobility unicorn Socar Inc. has cut its IPO price by 18% to push ahead with its stock market debut, according to industry ...
Aug 09, 2022 (Gmt+09:00)
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Energy
Hanwha Solutions, OCI to benefit from US push for solar energy
Hanwha Solutions Corp. and OCI Co., South Korea’s two leading solar power-related companies, are poised to gain a tailwind from the US governm...
Aug 04, 2022 (Gmt+09:00)
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Korean startups
Voyager X plans to beat conglomerates by executing weird, unique ideas
Voyager X is a relatively new artificial intelligence (AI) startup in South Korea. Its founder Nam Se-dong, however, has been a well-known figu...
Jul 31, 2022 (Gmt+09:00)
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Cloud computing
SK, Naver to launch cloud services for Korean public institutions
South Korea’s leading cloud computing and software services providers are slated to join forces to launch a service for smart working in Korea...
Jul 21, 2022 (Gmt+09:00)
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Korean startups
Korea startup unveils AI for sleep study with smartphones
A South Korean startup has unveiled an artificial intelligence model for medical analysis of sleep based on breathing sounds recorded by smartphones...
Jul 20, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty
SK Hynix Inc., the world’s second-largest memory chipmaker, has decided to hold off on a 4.3 trillion won ($3.3 billion) plan to build a new N...
Jul 20, 2022 (Gmt+09:00)
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Artificial intelligence
South Korean firms roll out AI chatbots that tug at the heartstrings
If you are using artificial intelligence-powered chatbot services in South Korea, you may soon be receiving messages like this: “Would you lik...
Jul 19, 2022 (Gmt+09:00)
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Artificial intelligence
AI-powered translation startup XL8 raises $2.7 million in bridge investment
Artificial intelligence-powered translation startup XL8 Inc. said on Monday it raised 3.6 billion won ($2.7 million) in a bridge round prior to Seri...
Jul 18, 2022 (Gmt+09:00)
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Tech, Media & Telecom
LG to accelerate foray into WebOS TV platform market
South Korea’s LG Electronics Inc., the world’s second-largest TV manufacturer, is aiming for a tenfold increase in the number of TV vend...
Jul 11, 2022 (Gmt+09:00)
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Korean startups
Hansol Paper joins Series A funding for RIU worth $1.5 mn
Hansol Paper Co. announced Thursday that it participated as a strategic investor in a Series A funding worth 2 billion won ($1.5 million) for South ...
Jul 08, 2022 (Gmt+09:00)
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Earnings
LG Elec. profit down on costs; automotive biz back in the black
LG Electronics Inc., the global home appliance maker, suffered a lower profit in the second quarter on the back of rising commodity and logistics co...
Jul 07, 2022 (Gmt+09:00)
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Korean startups
KT injects $23 mn into fabless startup Rebellions
South Korean fabless startup Rebellions Inc. received a 30 billion won ($23 million) extension to its Series A funding from telecom giant KT Corp.KT...
Jul 06, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer