The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Oct. 15 (Korea Bizwire) — Samsung Asset Management said Tuesday that its KODEX Robot Active exchange-traded fund (ETF) has surpassed 200 billion won ($145 million) in net assets, underscoring surging investor enthusiasm for the nation’s robotics sector amid rapid advances in artificial intelligence. As of October 14, the fund’s net asset value stood at [...]
SEOUL, Oct. 14 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will introduce a new performance stock unit (PSU) program designed to tie employee compensation directly to long-term corporate performance and stock price gains, in an effort to align employee motivation with shareholder value. Under the plan, Samsung will award shares to employees based on [...]
SEOUL, Oct. 14 (Korea Bizwire) – Samsung Electronics Co. returned to the top spot in the global market for memory chips in the third quarter, data showed Tuesday, after losing the position to SK hynix Inc. in the previous quarter. The combined sales of memory chips by Samsung, including dynamic random access memory (DRAM) and [...]
SEOUL, Oct. 14 (Korea Bizwire) – Demand for global artificial intelligence (AI) chips is expected to reach a short-term peak in 2028, according to a market outlook shared Tuesday, potentially to help double sales of South Korean-made chips from current levels. Roh Geun-chang, the head of Hyundai Motor Securities Co.’s research center, made such an [...]
SEOUL, Oct. 14 (Korea Bizwire) – Chief executive officers (CEOs) of KT Corp. and U.S. software platform firm Palantir Technologies Inc. met Tuesday to discuss ways to expand the companies’ artificial intelligence (AI) platforms across industries, the Korean telecom company said. During a meeting in Seoul, KT CEO Kim Young-shub and Palantir CEO Alex Karp [...]
DUBAI, Oct. 14 (Korea Bizwire) – Dubai, a major financial hub in the Middle East, is eyeing deeper cooperation with South Korea as the city develops its fintech industry amid the boom of artificial intelligence (AI) technology, an official from the city’s digital economy agency has said. Saeed Al Gergawi, vice president of the Dubai [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korean media organizations are preparing multi-billion-won lawsuits against Naver Corp., alleging the tech giant used news content without permission to train its artificial intelligence (AI) models, including the large language model HyperCLOVA X. According to lawmaker Choi Soo-jin of the National Assembly’s Science, ICT, Broadcasting and Communications Committee, the [...]
SEOUL, Oct. 13 (Korea Bizwire) – Kakao Corp. said Monday the number of affiliates has decreased nearly 30 percent over the past 1 1/2 years as part of broader efforts to focus on artificial intelligence (AI) and restore public confidence. “Since my inauguration, the number of Kakao’s affiliates has dropped to 99 from 132 for [...]
DUBAI, United Arab Emirates, Oct. 13 (Korea Bizwire) – More than 100 South Korean firms gathered at a major annual startup conference hosted by the Dubai Chamber of Digital Economy this week, showcasing their latest advances in artificial intelligence (AI) and other emerging sectors. The annual Expand North Star exhibition kicked off in Dubai on [...]
DUBAI, United Arab Emirates, Oct. 13 (Korea Bizwire) – Dubai, a major business hub of the United Arab Emirates, is committed to hosting globally competitive startups in the artificial intelligence (AI) sector, including those from South Korea, a senior official from the city’s foundation has said. Saeed Al Falasi, executive director of the Dubai Future [...]