The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, July 28 (Korea Bizwire) — LG Electronics has unveiled the latest installment in its wildlife conservation campaign, broadcasting a striking 3D video of the endangered pygmy owl on the digital billboards of New York’s Times Square, the company announced Sunday. The short film, part of LG’s ongoing “Life’s Good” environmental initiative, marks the seventh [...]
SEOUL, July 25 (Korea Bizwire) — Roughly 40% of South Korea’s major online shopping platforms rely on proprietary algorithms to rank product reviews without disclosing the criteria behind those rankings, raising concerns about consumer trust and transparency, according to a new report by the Seoul Metropolitan Government. In a survey released Friday by the Seoul [...]
SEOUL, July 24 (Korea Bizwire) – South Korean chipmaking giant SK hynix Inc. said Thursday its second-quarter operating profit surpassed 9 trillion won (US$6.53 billion) for the first time, driven by booming demand for artificial intelligence (AI) chips, including high bandwidth memory (HBM). In a regulatory filing, the company reported an operating profit of a [...]
SEOUL, July 24 (Korea Bizwire) — South Korea’s domestic AI industry is demonstrating impressive progress, producing globally recognized models despite limited access to computing infrastructure and top-tier talent. Industry analysts say the recent string of successes strengthens Seoul’s broader goal of becoming a top-three global AI power by developing its own sovereign AI capabilities. According [...]
SEOUL, July 24 (Korea Bizwire) — South Korean chipmaker SK hynix will pay all employees a productivity incentive (PI) bonus equivalent to 150% of their monthly base salary for the first half of 2025, the company announced Tuesday. The move reflects the firm’s exceptional financial performance, driven by its dominant position in the high-bandwidth memory [...]
SEOUL, July 23 (Korea Bizwire) — The Seoul AI Foundation announced Wednesday it has identified 119 high-priority bus stops across the city for the installation of heated benches, aiming to alleviate discomfort for commuters during winter months. The study, conducted at the request of Guro District, used a data-driven approach to maximize the effectiveness of [...]
SEOUL, July 23 (Korea Bizwire) — Cheil Worldwide, in collaboration with the World Wide Fund for Nature (WWF), has unveiled a striking environmental campaign titled the “Trash Fashion Show” to raise awareness about the devastating effects of plastic pollution on wildlife. The campaign features AI-generated visuals resembling high-fashion runway shoots, depicting animals entangled in human [...]
Rival Samsung Falls Short Amid Inventory Pressures, Misses Estimates SEOUL, July 23 (Korea Bizwire) — South Korean chipmaker SK hynix Inc. is expected to post record earnings for the second quarter, driven by surging demand for high bandwidth memory (HBM) chips used in artificial intelligence applications, according to analyst estimates released Wednesday. In a survey [...]
SEOUL, July 22 (Korea Bizwire) — LG AI Research, the artificial intelligence (AI) lab under South Korea’s LG Group, on Tuesday unveiled its vision to expand the EXAONE AI ecosystem, encompassing every level from foundation models to enterprise-level AI application services. “We will secure global competitiveness based on our proprietary foundation model and apply it [...]
SEOUL, July 22 (Korea Bizwire) — LG Electronics Inc. Chief Executive Officer (CEO) Cho Joo-wan has presented a replica of the company’s first radio to Qualcomm Inc. CEO Cristiano Amon as a symbol of appreciation for the long-standing partnership between the two companies. Amon shared a photo on Tuesday on his LinkedIn account of himself [...]