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Naver founder Lee Hae-jin returns to board, aims to drive AI growth
Naver founder Lee Hae-jin returned to chair the board at the South Korean internet giant on Wednesday, reclaiming a leadership role after eight years, with a renewed focus on driving AI innovation. Lee’s reinstatement as an internal director was approved at the general shareholders' meeting held Wednesday at the company’s headquarters in Seongnam, Gyeonggi Province. It marked eight years since he resigned as chair in 2017 to steer Naver's global expansion in the untapped European and US markets,
March 26, 2025 -
Microsoft CEO visits Korea for AI partnership
Microsoft Chairman and Chief Executive Officer Satya Nadella has returned to Korea for the first time in over two years to introduce the IT giant’s artificial intelligence innovation strategy and expand collaborations with key Korean firms. Nadella delivered a keynote speech during the “Leading in the age of AI transformation" session at the Microsoft AI Tour in Seoul on Wednesday. "AI is rapidly transforming the way people in Korea live and work," the CEO said. "It is truly inspiring to witness
March 26, 2025 -
LG Electronics to accelerate growth in India, Global South
LG Electronics CEO Cho Joo-wan said Tuesday that the company will focus on accelerating expansion in emerging markets, including India. Speaking at the tech giant’s annual shareholders’ meeting held at the LG Twin Towers in Yeouido, Seoul, Cho identified Asia, particularly India, along with Latin America, the Middle East and Africa -- or the Global South -- as key regions for growth and new business opportunities. “India stands out in terms of economic stability and growth potential,” Cho told i
March 25, 2025 -
Samsung CEO Han Jong-hee passes away at 63
Samsung Electronics Vice Chairman Han Jong-hee passed away from a heart attack on Tuesday at the age of 63. Since joining Samsung Electronics, Han held several key positions, including head of the LCD TV Lab. In 2021, he was appointed vice chairman and co-CEO, taking charge of the company’s Device eXperience or DX division, which oversees its electronics and consumer device businesses.
March 25, 2025 -
Samsung chief joins global tech leaders at Beijing forum after 2-year hiatus
Lee Jae-yong visits Xiaomi EV factory with Qualcomm CEO, fueling collaboration buzz Samsung Electronics Chairman Lee Jae-yong made his first official trip to China in two years this week to attend a state-led high-profile forum in Beijing, joining about 80 global tech leaders amid the escalating US-China rivalry, according to industry sources on Monday. Following his internal call for employees to adopt a "do-or-die" sentiment to overcome challenges, Lee's first overseas trip this year is seen a
March 24, 2025 -
LG OLED TVs sweep US Consumer Reports' top 10 rankings
LG Electronics' OLED TVs recently swept all top 10 spots in a ranking by the American consumer organization Consumer Reports. Consumer Reports recently updated its evaluation of major TV models sold in the US. The latest ranking reflects adjusted overall scores based on assessment criteria such as predicted reliability, owner satisfaction, picture and sound quality and data security. LG’s OLED Evo TV models all received a score of 88 or higher, dominating all top 10 spots in the overall TV ranki
March 24, 2025 -
Civic group files complaint against Apple over alleged misleading ad for iPhone 16
A civic group in South Korea said Monday it has filed a complaint with the Fair Trade Commission against Apple Inc. over alleged violation of advertising laws regarding its artificial intelligence feature in the iPhone 16 smartphone. The Seoul YMCA said the complaint was submitted in response to the exclusion of the AI Siri feature in the iOS 18 operating system for Apple's latest smartphone model, which was launched in the country in September. The feature had initially been promised to be incl
March 24, 2025 -
Samsung, SK hynix to face-off in upcoming HBM4 race
SK hynix vies to retain leadership while Samsung renews commitment to make up for missteps to overtake smaller rival The world’s top two memory-chip makers Samsung Electronics and SK hynix are set to go head-to-head this year for HBM4 dominance, with the next-generation chip poised to determine their positions in the artificial intelligence chip market. In a bid to retain its leadership in the lucrative AI market, SK hynix showcased a sample of the six-generation HBM4 chip last week at GTC 2025,
March 23, 2025 -
Nvidia CEO praises Samsung chips but stays silent on HBM deal
Nvidia CEO Jensen Huang praised Samsung Electronics as an excellent chip manufacturer but avoided giving a clear answer about the company’s role in supplying cutting-edge high-bandwidth memory chips, raising concerns over Samsung’s prospects in securing a major AI client. During a press conference held on the sidelines of the Nvidia GTC 2025 developers conference in San Jose on Wednesday, Huang said he expects Samsung to play an "important role." However, when asked whether Samsung's latest HBM3
March 20, 2025 -
Samsung eyes AI, M&A deals to reignite stock growth
CEO hints at ‘meaningful’ M&A deal this year to boost AI chip business SUWON, Gyeonggi Province — Samsung Electronics' top executives apologized to shareholders on Wednesday for the company’s poor stock performance, acknowledging its failure to capitalize on the artificial intelligence boom and maintain a competitive edge in key businesses, especially chips. Facing tough questions from shareholders at this year's annual meeting, Vice Chairman and co-CEO Han Jong-hee vowed to make a "painstaking
March 19, 2025 -
SK hynix leads AI chip race with early HBM4 shipments
SK hynix, the world's second-largest memory chip maker, said Wednesday it unveiled a sample of its next-generation high-bandwidth memory chips during GTC 2025, an annual tech conference hosted by the US chip giant Nvidia. At its booth, titled “Memory, Powering AI and Tomorrow,” the company presents HBM, memory products for AI data centers, on-device memory, and memory solutions for automotive businesses until Friday in San Jose, California. Among its featured products is the 12-layer HBM3E, curr
March 19, 2025 -
LG CNS eyes North American market with warehouse automation robots
LG CNS on Wednesday said it is expanding into the North American market with its latest warehouse automation robots. The IT solutions arm of LG Group is participating in ProMat 2025, a major manufacturing and supply chain trade show at McCormick Place in Chicago that started Monday and runs through Thursday. At the event, LG CNS showcased its “3D Mobile Shuttle,” a warehouse automation robot designed to transport and store goods on warehouse shelves. The shuttle robot can move freely in four dir
March 19, 2025 -
LG to take on OpenAI, DeepSeek with Korea's first reasoning AI model
LG AI Research has unveiled the country’s first reasoning artificial intelligence model, Exaone Deep with top-tier performance to compete head-on with industry-leading players including OpenAI and DeepSeek, Tuesday. The research institute, affiliated with Korea's fourth-largest conglomerate LG, introduced the new foundation model at this year's Nvidia GTC, an AI conference held in Silicon Valley. The company claimed the model outperforms leading US and Chinese AI models with fewer parameters and
March 18, 2025 -
Korea seeks to safeguard tech ties with US amid sensitive list concerns
Korea's shipbuilding, nuclear sectors closely monitor fallout from US designation The US government’s decision to place South Korea on its list of sensitive countries has raised concerns that the designation could hamper Korea’s chances of collaborating with the US in technological and industrial areas. Minister of Science and ICT Yoo Sang-im noted that the labeling could damage the trust between the two allies during a live TV show aired by broadcaster KBS on Sunday. “The joint research project
March 18, 2025 -
S. Korea to promote AI, future mobility solutions at Osaka expo
South Korea will promote its artificial intelligence and future mobility solutions at a Japanese exhibition set to open next month, a trade promotion agency said Tuesday. Expo 2025 Osaka is scheduled to open April 13 on Yumeshima, an artificial island on Osaka Bay, and run for six months under the theme of "Designing Future Society for Our Lives." A Korean delegation led by Kang Gyeong-seong, chief executive officer of the Korea Trade-Investment Promotion Agency, recently visited the Korean exhi
March 18, 2025