Economy
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STI to build power semiconductor material plant in Busan by 2026
SEOUL -- South Korea's power semiconductor material supplier STI has partnered with the southern port city of Busan to build a plant for power semiconductor materials by 2026. At the facility, STI will produce components of silicon carbide power semiconductors, which are emerging as key components of electric vehicles. Silicon carbide (SiC) power semiconductors are used to control the direction of current and power conversion in electric vehicles (EVs), electronics, and 5G communic
22 August 2023
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Pulmuone builds miniature smart farm at vegan restaurant in Seoul
SEOUL -- Pulmuone Food & Culture, the cafeteria service management wing of Seoul-based food company Pulmuone, has established a miniature smart farm infrastructure at its vegan restaurant in central Seoul. Using LG's smart gardening device, the restaurant operator will use plants and herbs as ingredients for vegan food menus. A smart farm is an indoor agricultural system that combines information and communication technology (ICT) with agricultural elements. Without having to w
22 August 2023
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Naver to unveil large language model AI application as counterpunch against global rivals
SEOUL -- Later this week, South Korea's largest web portal operator Naver will unveil the company's latest hyperscale AI solution in a bid to check global tech giants that develop large language model artificial intelligence-based solutions including Google and Microsoft. A large language model (LLM) is basically a smart computer program that understands and generates human-like conversations in text. Through machine learning, an LLM is smart enough to engage in conversations
21 August 2023
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SK On joins cathode plant construction project in Quebec with Ford and EcoPro BM
SEOUL -- SK On, the battery-making unit of South Korea's third-largest conglomerate SK Group, will build a cathode plant in Canada with its American partner, Ford, and EcoPro BM, a South Korean producer of core materials for secondary batteries. About $1.2 billion will be injected to build the factory set to start its operation in the first half of 2026. Along with anodes, cathodes are electrodes used to help the conduction of electricity through electrolyte materials. Cathode mate
18 August 2023
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Baby Shark creator to provide content for Indonesia's state TV network RTV
SEOUL -- The Pinkfong Company, famous for its children's YouTube mega-hit song "Baby Shark, has partnered with the operator of RTV, a major television network in Indonesia, to provide various movies and TV series. A total of 65 episodes will be broadcast in the Southeast Asian country with the world's fourth-largest population. Data released by Pinkfong showed that RTV has more than 90 percent of viewers across Indonesia. As of August 2023, the country had some 277 million
18 August 2023
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Samsung to produce AI chips for California-based AI semiconductor startup Groq
SEOUL -- Samsung Electronics has partnered with Groq, an artificial intelligence-based chip designer based in California, to manufacture the American company's next-generation AI semiconductors. The South Korean conglomerate will produce four-nanometer chips for Groq at a chip plant in Texas' central region, which is set to begin commercial operation in the second half of 2024. AI semiconductors with neural processing units are chips that specialize in processing AI-related
16 August 2023
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AI developer Upstage launches alliance to establish world's top Korean-based LLM
SEOUL -- South Korean artificial intelligence technology developer Upstage has launched an alliance of companies and organizations in the private and public sectors including media companies, academics, and corporates in a bid to establish an ecosystem for large language models that would incorporate Korean language-based AI models capable of understanding and generating natural conversations in Korean. A large language model (LLM) is basically a smart computer program that understan
14 August 2023
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LS Cable invests $117 mln to expand submarine cable plant in coastal city
SEOUL -- LS Cable & System, a major cable maker in South Korea, has invested about 155.5 billion won ($117 million) to expand its submarine cable infrastructure. The company, which operates an underwater cable factory in South Korea's coastal city near the East Sea, is also considering an investment in the Southeast Asian market to gain a competitive edge in the global subsea cable market. Submarine cables play a crucial role in facilitating communication between countries and
11 August 2023
