The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
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 [...]
SEOUL, Aug. 3 (Korea Bizwire) — Kakao Games Corp., the gaming unit of South Korean tech giant Kakao Corp., said Wednesday its second-quarter net profit skyrocketed over 165 times from a year earlier thanks to the success of its blockbuster mobile title “Odin Valhalla Rising” and “Uma Musume Pretty Derby,” its latest Japanese licensed game [...]
SEOUL, Aug. 2 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, said Tuesday it has wrapped up a 576 billion-won (US$492 million) acquisition of local chip contract manufacturer Key Foundry. The company said it has recently completed the official acquisition process of the 8-inch wafer foundry manufacturer from Magnus Investment Partners LLC, a [...]
SEOUL, Aug. 1 (Korea Bizwire) — SK Geocentric Co., a chemical unit of South Korea’s SK Group, said Monday the construction began for the joint factory with Japan’s Tokuyama Corp. to produce a high-purity cleaning agent for semiconductors. SK Geocentric CEO Na Kyung-soo, Hiroshi Yokota, president of Tokuyama, and other officials attended the groundbreaking ceremony [...]
SEOUL, July 29 (Korea Bizwire) – LG Electronics Inc. on Friday said its second-quarter operating profit decreased 12 percent on-year amid rampant inflation that hurt consumer demand for TVs and other home appliances. Its operating income came in at 792 billion won (US$609 million) for the April-June quarter, falling short of analysts’ expectations surveyed by [...]
SEOUL, July 29 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will officially launch Repair Mode service to ensure that personal information is kept private for Galaxy smartphone users. In this mode, personal data such as photos, messages and accounts are inaccessible and only basic applications are accessible. Users can activate the new mode [...]
SEOUL, July 29 (Korea Bizwire) — South Korea’s app-based home-finding platform Zigbang Co. has completed its acquisition of Samsung SDS Co’s home internet of things (IoT) division. The company announced on Thursday that it took over home IoT business-related intellectual property rights and business rights for major sales, production and contracts from the Korean and [...]
SEOUL, July 29 (Korea Bizwire) — Austrian automotive light maker ZKW Group, a subsidiary of South Koran tech giant LG Electronics Inc., said Thursday that it will invest US$102 million to expand its Silao plant in Mexico. The plant has been engaged in manufacturing premium lighting systems since 2016. With this investment, the plant’s floor [...]
SEOUL, July 28 (Korea Bizwire) — Meta, the operator of Facebook, on Thursday withdrew a controversial plan to deny access to users of its famous platform if they do not accept the terms of its privacy policy update, a government official said. The decision came as the Personal Information Protection Commission has been looking into [...]