SEOUL, Jan. 22 (Korea Bizwire) — South Korea will work to open a national artificial intelligence (AI) computing center by 2027 as part of efforts to strengthen its competitiveness in the fast-evolving technology, the science ministry said Wednesday. The government will create the AI center with a computing capacity of 1 exaflops through a joint [...]
SEOUL, Jan. 21 (Korea Bizwire) — Korean manufacturers of power equipment and electrical cables are strengthening their foothold in the United States as demand surges for grid infrastructure upgrades, driven by artificial intelligence and data center expansion. HD Hyundai Electric announced on January 20 its plans to invest 185 billion won to construct a second manufacturing [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korean tech giants Samsung and LG are intensifying their push into artificial intelligence, developing proprietary AI models to boost productivity and streamline operations across their businesses. LG AI Research unveiled its latest AI model, EXAONE 3.5, in December and launched ChatEXAONE, an enterprise AI assistant available to employees within [...]
SEOUL, Jan. 17 (Korea Bizwire) — Shinhan Card, a major South Korean credit card company, unveiled ‘REVIVE’ as its consumer trend keyword for 2025 on January 16, based on an analysis of customer spending and social media data. The REVIVE framework encompasses six key trends: Redefine Festivities, Exploring Identity, Virtual Companions, Integrated Contents Commerce, Value of [...]
SEOUL, Jan. 16 (Korea Bizwire) — LG Display Co. on Thursday unveiled its new fourth-generation organic light-emitting diode (OLED) panel designed for artificial intelligence (AI) TVs as part of its push to lead the premium screen market. The new OLED panel boasts improved image quality with higher brightness and enhanced energy efficiency, ideal for power-intensive [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s three major terrestrial broadcasters—KBS, MBC, and SBS—have filed a lawsuit against tech giant Naver for unauthorized use of their news articles in training its generative artificial intelligence models, HyperCLOVA and HyperCLOVA X. This marks the first legal action by South Korean media outlets against a big tech [...]
SEOUL, Jan. 13 (Korea Bizwire) — SK Telecom Co., South Korea’s major telecommunications company, said Monday it has launched an artificial intelligence cloud service based on Nvidia Corp.’s graphic processing unit (GPU) in cooperation with U.S. cloud computing firm Lambda. The newly launched GPU-as-a-service (GPUaaS) is based on Nvidia’s H100 chip, currently the most advanced [...]
SEOUL, Jan. 10 (Korea Bizwire) — Hyundai Motor Group said Friday it has formed a strategic partnership with Nvidia Corp. for the development of advanced artificial intelligence (AI) technologies related to future mobility. Through the partnership signed in Las Vegas on Thursday (local time), the group plans to enhance key mobility solutions, including those for [...]
LAS VEGAS, Jan. 8 (Korea Bizwire) — Harman International, a wholly owned automotive and audio subsidiary of Samsung Electronics Co., on Wednesday unveiled its new “automotive intelligence” technologies at CES 2025, aiming to deliver personalized in-cabin experiences through advanced intelligence and contextual awareness. “The automotive industry is rapidly transitioning to software-defined vehicles, with cars evolving [...]
SEOUL, Jan. 8 (Korea Bizwire) — The Korea Chamber of Commerce and Industry (KCCI) unveiled its 2025 Retail Industry White Paper on January 7, identifying “S.N.A.K.E”—Survival, Next, AI, K-Culture, and Economical Consumption—as the year’s key consumer market trends. Survival in a Stagnant Market With global economic challenges and stagnating consumer markets, competition for limited spending [...]