The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
CAPE CANAVERAL/SEOUL, Aug. 5 (Korea Bizwire) — South Korea’s first lunar orbiter has entered its planned trajectory toward the moon, the science ministry said Friday, in a historic first step toward space exploration. The Korea Pathfinder Lunar Orbiter — better known as Danuri in a Korean portmanteau for moon and enjoy — was traveling on [...]
SEOUL, Aug. 5 (Korea Bizwire) — Major oil refiner GS Caltex Corp. has teamed up with the Korean unit of Swiss food giant Nestle to establish a circular economy, aimed at promoting resource efficiency and carbon reduction. GS Caltex and Lotte-Nestle Korea Ltd. on Thursday formed a business agreement to promote the recycling of waste [...]
SEOUL, Aug. 4 (Korea Bizwire) — Demand for DRAM is expected to grow at a historically low level next year, a report said Thursday, dimming outlook for South Korean chipmakers, heavily dependent on memory chip sales for their bottom line. Industry research firm TrendForce forecast DRAM market demand bit growth will amount to only 8.3 [...]
SEOUL, Aug. 4 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will provide 5G solutions and equipment to Indian telecommunications company Bharti Airtel, marking the South Korean tech giant’s first 5G equipment deal from India. Airtel, the world’s fourth-largest communications solutions provider by users, is set to roll out 5G network in India in [...]
SEOUL, Aug. 4 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its second-quarter net profit fell 68 percent from a year earlier due to a base effect. Kakao logged a net profit of 101.2 billion won (US$77.2 million) on a consolidated basis in the three months ending [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea will provide various forms of support to help local financial firms more actively use fast-advancing artificial intelligence (AI) technology in their businesses, a top financial regulator said Thursday. In a meeting with major financial and tech companies in Seoul, Kim So-young, vice chair of the Financial Services [...]
SEOUL, Aug. 4 (Korea Bizwire) — As non-face-to-face consumption has become a daily routine following the onset of the COVID-19 pandemic, South Korean consumers are using mobile payment services more than actual debit or credit cards, a poll showed Wednesday. According to an online survey conducted by the Korea Consumer Agency of 1,500 consumers who [...]
SEOUL, Aug. 3 (Korea Bizwire) — POSCO Engineering & Construction Co., the construction arm of South Korea’s leading steelmaker, POSCO, said Tuesday it has developed an eco-friendly concrete mold made with plastic scraps and slag. The mold was created jointly with Iomtek, a POSCO E&C subsidiary, and comes in the shape of a board that [...]
SEOUL, Aug. 3 (Korea Bizwire) — SK hynix Inc. said Wednesday it has developed the NAND flash with the industry’s highest vertical layers that enable improved productivity and fast data transfer. The world’s second largest memory chip maker said its 238-layer 4D NAND flash is the “most layered and smallest” in size, during the Flash [...]
SEOUL, Aug. 3 (Korea Bizwire) — Samsung Engineering Co. and five other South Korean companies have teamed up with Malaysia’s state energy company Petroliam Nasional Berhad to work on a project to capture, transport and store carbon dioxide, an emerging technology for emissions reduction. Under a memorandum of understanding signed in a virtual meeting in [...]