The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Dec. 24 (Korea Bizwire) — LG Uplus emerged as the leading IPTV provider in South Korea in terms of user satisfaction, outperforming competitors SK Broadband and KT, according to the Ministry of Science and ICT’s 2024 Pay-TV Quality Evaluation Report released on December 23. LG Uplus scored 67.7 points in service-stage satisfaction, narrowly surpassing SK [...]
SEOUL, Dec. 23 (Korea Bizwire) – The projected fourth-quarter earnings for South Korea’s semiconductor leaders, Samsung Electronics and SK Hynix, have been revised downward as prolonged economic uncertainty weighs on IT demand. A polarized market driven by robust growth in artificial intelligence (AI) chips contrasts sharply with declining legacy semiconductor demand, creating headwinds for the [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korea’s Defense Acquisition Program Administration (DAPA) announced the completion of a cutting-edge “Personal Battlefield Visualization System” on December 23. This system enables individual soldiers to share real-time battlefield information and communicate seamlessly with team members. The system, developed with Hanwha Systems as the primary contractor, leverages personal radios and [...]
DAEJEON, Dec. 23 (Korea Bizwire) – In a significant advance for cancer treatment, researchers at the Korea Advanced Institute of Science and Technology (KAIST) have developed a novel technique that transforms colon cancer cells into normal-like cells without destroying them, the institute announced on December 22. The research team, led by professor Cho Kwang-hyun from the [...]
SEOUL, Dec. 22 (Korea Bizwire) – Micron Technology, the world’s third-largest memory chipmaker, is intensifying efforts to recruit South Korean semiconductor engineers in a bid to enhance its position in the high-bandwidth memory (HBM) market, critical for artificial intelligence (AI) applications. The company has been conducting interviews in hotels near Seoul’s technology hub, Pangyo, targeting engineers [...]
SEOUL, Dec. 22 (Korea Bizwire) – LG Electronics has unveiled LG Radio+, an audio content service enabling users to enjoy radio and podcasts through its proprietary webOS smart TV platform, the company announced on December 22. The service, offered in partnership with global audio content provider Radioline, allows users to access content for free by watching [...]
WASHINGTON & SEOUL, Dec. 21 (Korea Bizwire) – The Biden administration has reduced subsidies for Samsung Electronics’ semiconductor investments in the United States by 26%, sparking questions about the rationale behind the decision. The U.S. Department of Commerce announced on December 20 that Samsung will receive $4.745 billion (approximately 6.9 trillion won) in subsidies under the [...]
SEOUL, Dec. 20 (Korea Bizwire) – A former Samsung executive has been indicted for arranging the transfer of key semiconductor experts to a Chinese company in exchange for approximately ₩300 million ($207,000) in referral fees. The Seoul Central District Prosecutors’ Office announced the charges on December 20, citing violations of the Employment Security Act and the [...]
SEOUL, Dec. 20 (Korea Bizwire) – South Korea’s Statistical Office released its 2024 Social Trends report on December 19, revealing significant insights into the potential impact of artificial intelligence (AI) on jobs, rising obesity rates, and shifting societal behaviors. AI and Job Displacement AI technologies like ChatGPT could replace 2.7 million jobs, nearly 10% of [...]
SEOUL, Dec. 19 (Korea Bizwire) – China’s TV industry has made a significant leap in the global premium market, with leading brands TCL and Hisense overtaking South Korea’s Samsung Electronics in key segments. According to market research firm Omdia, TCL captured 23% of the 80-inch-and-above TV market in Q3 2024, maintaining its lead over Samsung for [...]