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The latest technology news coverage. We bring you the latest information on what is happening in Korea today.

Samsung Chief Visits Chip Parts Manufacturing Unit in China

Samsung Chief Visits Chip Parts Manufacturing Unit in China

SEOUL, March 26 (Korea Bizwire) — Samsung Electronics Executive Chairman Lee Jae-yong has visited a semiconductor components manufacturing site in China run by a Samsung affiliate, the company said Sunday, in the first such trip to the neighboring country in three years. Lee visited the manufacturing facility in Tianjin, operated by Samsung Electro-Mechanics Co., on [...]

Samsung, SK hynix Breathe Sigh of Relief as U.S. ‘Guardrails’ are Less Tough than Feared

Samsung, SK hynix Breathe Sigh of Relief as U.S. ‘Guardrails’ are Less Tough than Feared

SEOUL, March 22 (Korea Bizwire) — South Korean chipmakers appeared to breathe a sigh of relief Wednesday, as the U.S. government’s new rules for the Chips Act, announced last night, were less stringent than had been previously feared. Washington said late last month it would ban any recipient of federal money from the US$53 billion [...]

Apple Working on Expanding Apple Pay Service in S. Korea: Senior Executive

Apple Working on Expanding Apple Pay Service in S. Korea: Senior Executive

SEOUL, March 22 (Korea Bizwire) — Apple Inc.’s long-awaited mobile payment service, Apple Pay, has finally landed in South Korea this week, some seven years after the service was first initiated in the United States. It is available in local convenience stores, supermarkets, like Lotte Department Store, and coffee shops, like Paul Bassett, starting Tuesday. [...]

S. Korean Startup Innospace Announces Successful Test Launch of Space Vehicle HANBIT-TLV

S. Korean Startup Innospace Announces Successful Test Launch of Space Vehicle HANBIT-TLV

SEOUL, March 21 (Korea Bizwire) — Innospace, a South Korean space startup, said Tuesday its suborbital test launch vehicle, HANBIT-TLV, has made a successful flight, marking the country’s first civilian-made space rocket. The 8.4-ton thrust single stage hybrid rocket was fired from the Alcantara Space Center in northern Brazil at 2:52 p.m. Sunday (local time), [...]

Samsung’s Investment in Rainbow Robotics Sparks M&A Resumption Speculation

Samsung’s Investment in Rainbow Robotics Sparks M&A Resumption Speculation

SEOUL, March 21 (Korea Bizwire) — Samsung Electronics Co.’s acquisition of additional shares in robot developer Rainbow Robotics is igniting interest on whether it will resume large-scale merger and acquisition (M&A) initiatives, which have been halted for about six years. The South Korean tech giant can become the largest shareholder of Rainbow Robotics depending on [...]

S. Korean Startup Innospace Launches Test Launch Vehicle HANBIT-TLV

S. Korean Startup Innospace Launches Test Launch Vehicle HANBIT-TLV

SEOUL, March 20 (Korea Bizwire) — Innospace, a South Korean space startup, said Monday its suborbital test launch vehicle, HANBIT-TLV, has been launched. The 8.4-ton thrust single stage hybrid rocket was fired from the Alcantara Space Center in northern Brazil at 2:52 p.m. Sunday (local time), or 2:52 a.m. Monday (Korean time), according to the [...]