The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Dec. 10 (Korea Bizwire) – South Korean electronics manufacturers are closely monitoring potential trade policy shifts as President-elect Donald Trump continues to emphasize the importance of high tariffs on Korean-made washing machines. Industry observers are particularly concerned about Trump’s campaign promise to impose a universal 10-20% tariff on all imports, which could affect the entire range [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korean companies are set to receive a large number of innovation awards at the upcoming CES 2025, the country’s state-run trade promotion agency said Tuesday. In an initial list released by the Consumer Technology Association, the event organizer, 129 South Korean firms were named among the 292 recipients [...]
SEOUL, Dec. 10 (Korea Bizwire) — New installations of global messaging app Telegram have spiked in South Korea, data showed Tuesday, as concerns brewed over possible media censorship following the martial law fiasco. The number of new Telegram installations came to 40,576 cases last Tuesday, according to data compiled by industry tracker IGAWorks, the day President [...]
ULSAN, Dec. 10 (Korea Bizwire) – The city of Ulsan is embarking on an ambitious project to develop autonomous manufacturing technology based on Software-Defined Factory (SDF) systems, aimed at advancing its automotive industry capabilities. The initiative kicks off with a two-day technical conference and workshop at the Westin Josun Busan beginning December 9, focusing on core AI [...]
SEOUL, Dec. 9 (Korea Bizwire) – In a significant pivot toward the world’s most populous nation, South Korean corporate powerhouses are intensifying their focus on India, seeing it as both an antidote to their China-dependent supply chains and a promising frontier for growth. Companies like Samsung Electronics, LG Electronics, and Hyundai Motor are expanding their footprint [...]
SEOUL, Dec. 9 (Korea Bizwire) — LG AI Research, the artificial intelligence lab under South Korea’s LG Group, on Monday unveiled an upgraded version of its giant, multimodal AI model Exaone, offering enhanced performance and cost efficiency for its users. To support the AI ecosystem, all three models of the latest Exaone 3.5 will be [...]
SEOUL, Dec. 9 (Korea Bizwire) – The Seoul Metropolitan Government has announced a strategic partnership with India’s prestigious Indian Institute of Technology (IIT) Delhi to strengthen cooperation in the artificial intelligence (AI) sector. The agreement, signed on December 6 during a Seoul delegation’s visit to India, aims to advance innovation and collaboration between two global [...]
SEOUL, Dec. 8 (Korea Bizwire) – Samsung Galaxy secured the top spot in the 2024 Korea’s Top 100 Brands list, with a Brand Stock Top Index (BSTI) score of 940, according to BrandStock, a leading brand valuation firm. Despite ongoing global economic challenges driven by geopolitical tensions like the Russia-Ukraine war and the Israel-Iran conflict, Samsung [...]
SEOUL, Dec. 6 (Korea Bizwire) – Major gaming companies worldwide are intensifying their competition to secure valuable intellectual property through aggressive mergers, acquisitions, and investments, with Asian technology giants leading the charge. Tencent, China’s largest gaming and technology company, has recently acquired domestic game developer Kuro Games, the studio behind Wuthering Waves, adding to its growing portfolio [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korean gamemaker Krafton Inc. said Friday it will host a global esports competition for its smash-hit battle royale title, PUBG: Battlegrounds, set to kick off next week. The PUBG Global Championship (PGC) 2024 will take place in Kuala Lumpur, Malaysia, from Monday to Dec. 22, according to the [...]