SEOUL, Jan. 21 (Korea Bizwire) — Korean manufacturers of power equipment and electrical cables are strengthening their foothold in the United States as demand surges for grid infrastructure upgrades, driven by artificial intelligence and data center expansion. HD Hyundai Electric announced on January 20 its plans to invest 185 billion won to construct a second manufacturing [...]
SEOUL, Jan. 20 (Korea Bizwire) — In a move to penetrate South Korea’s tightly controlled smartphone market, Xiaomi is looking to establish its first physical store in Seoul, potentially disrupting the long-standing dominance of Samsung and Apple. The Chinese tech giant, which recently established a Korean subsidiary, launched its first product, the Xiaomi 14T, on January [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korean tech giants Samsung and LG are intensifying their push into artificial intelligence, developing proprietary AI models to boost productivity and streamline operations across their businesses. LG AI Research unveiled its latest AI model, EXAONE 3.5, in December and launched ChatEXAONE, an enterprise AI assistant available to employees within [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s three major terrestrial broadcasters—KBS, MBC, and SBS—have filed a lawsuit against tech giant Naver for unauthorized use of their news articles in training its generative artificial intelligence models, HyperCLOVA and HyperCLOVA X. This marks the first legal action by South Korean media outlets against a big tech [...]
LAS VEGAS, Jan. 13 (Korea Bizwire) — South Korea’s K-beauty industry showcased cutting-edge innovations at CES 2025, held January 7-10, reinforcing its commitment to integrating advanced technologies like artificial intelligence (AI) into the beauty sector. Industry experts predict that this trend will drive even greater participation from beauty companies at future tech exhibitions. Amorepacific Group [...]
SEOUL, Jan. 13 (Korea Bizwire) — SK Telecom Co., South Korea’s major telecommunications company, said Monday it has launched an artificial intelligence cloud service based on Nvidia Corp.’s graphic processing unit (GPU) in cooperation with U.S. cloud computing firm Lambda. The newly launched GPU-as-a-service (GPUaaS) is based on Nvidia’s H100 chip, currently the most advanced [...]
LAS VEGAS, Jan. 9 (Korea Bizwire) — South Korean chip giant SK hynix Inc. said Thursday it has partnered with SK Telecom Co. and U.S. artificial intelligence computing company Penguin Solutions Inc. to advance the AI data center industry through joint research and development and commercialization efforts. The trilateral agreement, signed on the sidelines of [...]
SEOUL, Jan. 10 (Korea Bizwire) — Hyundai Motor Group said Friday it has formed a strategic partnership with Nvidia Corp. for the development of advanced artificial intelligence (AI) technologies related to future mobility. Through the partnership signed in Las Vegas on Thursday (local time), the group plans to enhance key mobility solutions, including those for [...]
LAS VEGAS, Jan. 9 (Korea Bizwire) — Eureka Park, a dedicated space for startups and emerging entrepreneurs at CES 2025 in Las Vegas, serves as a showcase for creative ideas and innovations, attracting tech-savvy visitors and representatives from global tech companies. This year, 625 South Korean startups participated, presenting technologies in fields such as artificial [...]
LAS VEGAS, Jan. 8 (Korea Bizwire) — Harman International, a wholly owned automotive and audio subsidiary of Samsung Electronics Co., on Wednesday unveiled its new “automotive intelligence” technologies at CES 2025, aiming to deliver personalized in-cabin experiences through advanced intelligence and contextual awareness. “The automotive industry is rapidly transitioning to software-defined vehicles, with cars evolving [...]