The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, May 15 (Korea Bizwire) — LG Group has opted not to hold its annual mid-year strategy briefing in 2025, a significant shift in its traditional executive agenda as the conglomerate pivots toward accelerating the implementation of its long-term plans amid heightened global uncertainty. According to industry sources on Wednesday, LG Chairman Koo Kwang-mo, who [...]
JEJU, May 14 (Korea Bizwire) — A new senior-led drone surveillance team officially began operations at Jeju International Airport on May 14, marking a novel initiative to boost airspace security using the experience of retired police officers, firefighters, and aviation professionals. The “Airport Safety Illegal Drone Patrol,” jointly launched by the Jeju Special Self-Governing Province [...]
SEOUL, May 14 (Korea Bizwire) — Samsung Electronics has made its biggest acquisition in nearly a decade, purchasing Germany-based FläktGroup for €1.5 billion (approximately 2.38 trillion won or $1.68 billion) in a move to aggressively expand into the fast-growing global heating, ventilation, and air-conditioning (HVAC) market. The deal, announced Tuesday, positions Samsung to capitalize on soaring demand [...]
SEOUL, May 14 (Korea Bizwire) — SK Group said Wednesday it has launched a special committee on data protection as part of its efforts to improve cybersecurity across its affiliates, following a large-scale data breach at SK Telecom Co. The Information Security Innovation Committee was formed under the SUPEX Council, SK Group’s top decision-making advisory [...]
SEOUL, May 14 (Korea Bizwire) — South Korea is ramping up efforts to reduce its reliance on foreign drone technology and establish itself as a global leader in the sector, with the launch of a government-backed drone alliance and five flagship development projects aimed at advancing domestic capabilities. The Ministry of Land, Infrastructure and Transport [...]
SEOUL, May 14 (Korea Bizwire) — LG Electronics is strengthening its global brand identity through a series of community and environmental initiatives under its signature slogan, “Life’s Good,” aiming to amplify its social impact and promote sustainable values. According to the company on Wednesday, LG’s U.S. division recently installed more than 150 hand-built birdhouses in both [...]
SEOUL, May 14 (Korea Bizwire) — South Korea will introduce a new supercomputer from Hewlett Packard Enterprise (HPE) under a contract that includes five years of maintenance and repair services, the science ministry said Wednesday. The Korea Institute of Science and Technology Information (KISTI) signed a 382.5 billion-won (US$270 million) deal with HPE to install [...]
SEOUL, May 14 (Korea Bizwire) — South Korean chip giant SK hynix Inc. has been ranked the top company in terms of investment and business performance among the country’s 268 major companies, a market tracker said Wednesday. SK hynix, the world’s second-largest memory chipmaker, received 622.9 points out of the full 800 in a business [...]
SEOUL, May 14 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has acquired FlaktGroup Holding GmbH, a Germany-based ventilation company, for 1.5 billion euros (US$1.68 billion), marking its largest takeover in about eight years. The company has signed an agreement with European investment firm Triton to take over a 100 percent stake in the [...]
SEOUL, May 14 (Korea Bizwire) — Starting this June, South Korea will begin using artificial intelligence in clinical settings to assist with the interpretation of chest X-rays, aiming to enhance early detection of major pulmonary diseases such as lung cancer and tuberculosis. The Ministry of Health and Welfare has designated the AI-assisted diagnostic tool as an [...]