The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s dominant internet portal operator Naver Corp. said Thursday it had updated its artificial intelligence (AI)-based voice recording service CLOVA Note and added an AI summary function. The new function makes use of Naver’s supersized AI platform HyperCLOVA to divide the section of dialogue by theme and automatically [...]
SEOUL, Aug. 11 (Korea Bizwire) — Samsung Electronics Co. aims to raise the ratio of foldable phones to half of its total smartphone sales by 2025, a top executive has said, after the tech giant unveiled its latest foldable smartphones in an online event. Samsung, the world’s largest smartphone maker, will work to make its [...]
SEOUL, Aug. 10 (Korea Bizwire) — Samsung Electronics Co. on Wednesday introduced its latest lineup of foldable smartphones and other key products, as the tech giant is working to achieve a breakthrough in the stalled smartphone business amid weakened consumer spending. The next-generation foldable smartphones, the Galaxy Z Flip 4 and the Galaxy Z Fold [...]
SEOUL, Aug. 10 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Wednesday its second-quarter net edged down on-year amid an increase in operating expenses. KT’s net income amounted to 363.4 billion won (US$277.8 million) on a consolidated basis in the April-June period, down 2 percent from a year earlier, the company [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s telecommunications regulator said Tuesday it will launch an official fact-finding investigation into the app stores of Google Inc., Apple Inc. and ONE store Co. next week, saying that the companies may be in violation of the country’s in-app payment laws. The Korea Communications Commission (KCC) said it [...]
SEOUL, Aug. 9 (Korea Bizwire) — Avikus, a unit of South Korea’s leading shipbuilding group, HD Hyundai, said Tuesday it has commercialized its Level 2 autonomous navigation system for the first time in the shipbuilding industry. Avikus has signed a deal with two domestic firms — SK Shipping Co. and Sinokor Merchant Marine Co. — [...]
SEOUL, Aug. 9 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Tuesday that its second-quarter net profit dropped 67.6 percent from a year earlier due mainly to last year’s spinoff of its semiconductor businesses. The company logged a net profit of 258.1 billion won (US$197.7 million) on a consolidated basis in [...]
SEOUL, Aug. 9 (Korea Bizwire) — Jihae Jenna Lee, a former portfolio manager at Boston-based hedge fund Acadian Asset Management, last year extended her “funeral date” by another five years. Her robo-advisor asset management company, AIM (Automated Investment Management) Inc., founded in 2016, had grown significantly in the fourth year of operation, with the volume [...]
SEOUL, Aug. 9 (Korea Bizwire) — After gaining success on the basis of specific area-centered services, a string of apps are being transformed into so-called “super apps.” South Korea’s largest car-sharing and mobility service provider SOCAR Inc. is preparing to launch a super app that can offer all-in-one services covering not only car sharing but [...]
SEOUL, Aug. 5 (Korea Bizwire) — DRAM prices went south for the second straight month in August amid flagging demand, data showed Friday, boding ill for the chip industry down the road. The average contract price of 8-gigabit DDR4 DRAMs came to US$2.91 on the spot market Thursday, down 11 percent from $3.27 a month [...]