The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Aug. 21 (Korea Bizwire) – South Korea’s semiconductor industry saw the biggest export growth to China over the past two decades, research showed Sunday. The research by the Korea Chamber of Commerce and Industry (KCCI) showed that semiconductors took up only 3.2 percent of South Korea’s total exports to China in 2000 but jumped [...]
SEOUL, Aug. 19 (Korea Bizwire) — Samsung Electronics Co. held a groundbreaking ceremony Friday for its new semiconductor research and development (R&D) complex south of Seoul, in a move to bolster its global leadership in cutting-edge chip technology. The South Korean tech giant plans to invest around 20 trillion won (US$15.06 billion) by 2028 for [...]
SEOUL, Aug. 19 (Korea Bizwire) — Facebook, the U.S. social media network operated by Meta Platforms Inc., has seen an over 25 percent decline in the number of monthly active users (MAU) in South Korea across the past two years, an industry analysis report showed Friday. According to Mobile Index, the big data analysis unit [...]
SEOUL, Aug. 19 (Korea Bizwire) — Naver Corp. and Kakao Corp., the two major South Korean tech companies, drastically cut their outside investments in the first half of this year, in stark contrast to last year when they invested heavily in the acquisition of startups. Naver invested a total of 44.6 billion won (US$33.6 million) [...]
SEOUL, Aug. 19 (Korea Bizwire) — Motional, a joint venture between Hyundai Motor and Aptiv, announced that it will launch an IONIQ 5 electric vehicle-based self-driving robotaxi service in Las Vegas in collaboration with ride-sharing platform Lyft. The IONIQ 5 robotaxi is mounted with Level 4 self-driving technology. A Level 4 autonomous vehicle means the [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s major wireless operators are eagerly setting their sights on entering the urban air mobility (UAM) industry, which the government is aiming to open up commercially in 2025. The three mobile telecoms — SK Telecom Co., KT Corp and LG Uplus Corp. — have all formed consortiums of [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s financial watchdog said Thursday it has asked law enforcement authorities to investigate 16 foreign digital asset exchange operators for their unreported business activities. Those operators subject to investigation include MEXC, KuCoin, Phemex, XT.com, Bitrue, ZB.com, Bitglobal and CoinW, according to the Financial Intelligence Unit (FIU), an agency [...]
SEOUL, Aug. 18 (Korea Bizwire) — Kakao Corp. said Thursday it has canceled its plan to sell part of its shares of Kakao Mobility Corp. to a private equity fund over repeated demands from the company union to scrap the plan. The South Korean tech giant, which currently owns a 57.5 percent stake in Kakao [...]
SEOUL, Aug. 18 (Korea Bizwire) — Kolon Group, a mid-sized business conglomerate focused on the chemical and textile businesses, said Wednesday it had succeeded in recycling one-off masks that are wasted after a single use through an in-house campaign. The group installed one-off mask collection boxes at seven major workplaces across the country and provided [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korean researchers have discovered a new bacteria that can convert the nitrate responsible for the growth of green algae into ammonia at a sewage disposal facility. A research team from the National Institute of Biological Resources and the Korea Advanced Institute of Science and Technology (KAIST) announced on [...]