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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

SK Group chief sees AI-induced changes as business opportunities

The chief of SK Group, Korea's chip-to-chemical conglomerate, said Thursday the group will be quick to respond to AI-induced changes to grasp business opportunities and seek growth.

Aug 22, 2024By Yonhap
SK Group chief sees AI-induced changes as business opportunities

SK Telecom to open AI data center with Nvidia GPU

SK Telecom said Wednesday it will open an artificial intelligence (AI) data center powered by Nvidia’s advanced graphics processing unit (GPU) in southwestern Seoul in December as part of a partnership with the U.S.-based GPU cloud firm Lambda.

Aug 21, 2024By Nam Hyun-woo
SK Telecom to open AI data center with Nvidia GPU

LG Electronics spurs portfolio revamp under Vision 2030

LG Electronics CEO Cho Joo-wan said Wednesday that the company is successfully growing new businesses that can post more than 1 trillion won ($751.7 million) in annual sales.

Aug 21, 2024By Nam Hyun-woo
LG Electronics spurs portfolio revamp under Vision 2030

Can Nexon founder's family buy back stakes they unloaded to pay tax?

The family of Nexon's founder sold their 645 billion won ($485.3 million) stake in the video game giant to the holding company NXC. This sale is intended to help cover approximately 6 trillion won in inheritance taxes.

Aug 20, 2024By Nam Hyun-woo
Can Nexon founder's family buy back stakes they unloaded to pay tax?

Domestic AI processor makers aim to boost market value

Anticipation is growing over the market value of Korea’s domestic artificial intelligence (AI) processor manufacturers, as they gear up to compete with established leaders such as Nvidia and other global giants, fueled by substantial investments from major technology firms.

Aug 19, 2024By Nam Hyun-woo
Domestic AI processor makers aim to boost market value

Naver, Kakao cut R&D expenses in H1 despite focus on AI

Korean platform giants Naver and Kakao both reduced their R&D expenses in the first half of this year despite their visions to expand their presence in the field of artificial intelligence (AI).

Aug 16, 2024By Nam Hyun-woo
Naver, Kakao cut R&D expenses in H1 despite focus on AI

Telecom giants struggle with EV charging business amid growing safety fears

Mobile carriers LG Uplus and KT are facing increasing concerns about their electric vehicle (EV) charging businesses following a widely publicized fire involving a Mercedes-Benz electric sedan, which has fueled negative customer sentiment toward EVs.

Aug 15, 2024By Nam Hyun-woo
Telecom giants struggle with EV charging business amid growing safety fears

Samsung, LG showcase new OLED products at K-Display 2024

Korean panel giants Samsung Display and LG Display showed off their new OLED products at K-Display 2024, which kicked off its three-day run Wednesday.

Aug 14, 2024By Nam Hyun-woo
Samsung, LG showcase new OLED products at K-Display 2024

Broadcasters suffer losses while streaming services thrive during Olympic coverage

Korea’s major terrestrial broadcasters are believed to have suffered losses while covering the 2024 Paris Olympics, while domestic streaming services have seen a significant increase in users.

Aug 14, 2024By Nam Hyun-woo
Broadcasters suffer losses while streaming services thrive during Olympic coverage

How X owner Elon Musk uses his 'free speech' platform to amplify his views worldwide

As X’s owner and most followed user, Elon Musk has increasingly used the social media platform as a microphone to amplify his political views and, lately, those of right-wing figures he’s aligned with. There are few modern parallels to his antics, but then again there are few modern parallels to Elon Musk himself.

Aug 13, 2024By AP
How X owner Elon Musk uses his 'free speech' platform to amplify his views worldwide
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