The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Feb. 15 (Korea Bizwire) — Samsung Electronics plans to borrow more than US$15 billion from its display-making subsidiary to secure operational costs, the company has said. The South Korean tech giant said in a regulatory filing on Tuesday that it will borrow 20 trillion won (US$15.78 billion) from Samsung Display at an interest rate [...]
SEOUL, Feb. 15 (Korea Bizwire) — The government is accelerating efforts to cultivate the artificial intelligence (AI) chip area amid stiffer global competition in generative AI resulting from ChatGPT fever. It’s estimated that the operating costs of ChatGPT, which uses about 10,000 Nvidia graphics processing units (GPUs), are astronomical. Against this backdrop, AI chip development [...]
SEOUL, Feb. 15 (Korea Bizwire) — Kakao Brain, an artificial intelligence (AI) unit of South Korea’s tech giant Kakao Corp., said Tuesday that it presented a text-based motion creation model that it developed jointly with a research team from Korea University at a global AI conference. The new model, dubbed FLAME, can create natural motions [...]
SEOUL, Feb. 15 (Korea Bizwire) — Samsung Electronics Co.’s Brazil office on Monday (local time) unveiled an online store-dedicated discount policy to promote the recycling of old home appliances. The new program, dubbed EcoTroca, provides a discount coupon to consumers who return old home electronics as a way to encourage their disposal in a proper and sustainable [...]
SEOUL, Feb. 14 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its new flagship Galaxy S23 smartphones set a new preorder record on its home turf. Preorders for the Galaxy S23 series, launched in early February, amounted to 1.09 million units, with the luxury Ultra model being the most popular. The world’s largest mobile phone [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to slap fines of 25.7 billion won (US$20 million) on Kakao Mobility Corp., the nation’s leading taxi-hailing service, for manipulating its algorithm to give more calls to cabs under its franchise. The punishment on the operator of the app, Kakao [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s display industry is facing strong headwinds due to the global economic slump, but automotive organic light-emitting diode (OLED) panels, for which demand is surging, are emerging as a silver lining. This year’s global shipments of automotive displays are expected to exceed 200 million units, according to the [...]
SEOUL, Feb. 14 (Korea Bizwire) — Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., is expected to see its earnings and share price decline due to Apple Pay’s debut in the country. DB Financial Investment last week downgraded shares of Kakao Pay from “buy” rating to “hold.” Considering that [...]
SEOUL, Feb. 13 (Korea Bizwire) — Samsung Electronics Co. said Monday it aims to broaden the use of eco-conscious materials to all its smartphone products in the coming years. The world’s largest smartphone maker said it plans to use recycled plastic materials in all its new flagship Galaxy smartphones and stop using plastics in packaging [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korea’s unmanned space vehicle Danuri has sent its first-ever photos of the surface of the moon after starting orbiting Earth’s natural satellite a month ago, the state space research center said Monday. Danuri, which entered the selenocentric orbit on Dec. 27 after 145 days of traveling from Earth, [...]