Business - The Korea Times

Samsung makes strong comeback with 931% increase in Q1 earnings

Samsung’s operating profit of 6.6 trillion won, announced in its preliminary earnings report on Friday, shows an increase of 931.25 percent compared to the same period in 2023. The company also reported sales of 71 trillion won, up 11.37 percent year-on-year.

Apr 5, 2024By Baek Byung-yeul

Samsung makes strong comeback with 931% increase in Q1 earnings

SK hynix to build chip packaging fab in US

SK hynix will invest $3.87 billion to construct its first advanced chip packaging plant in West Lafayette, Indiana, in cooperation with Washington, which possesses many big tech companies in the AI sector, the Korean chip maker said Thursday.

Apr 4, 2024By Baek Byung-yeul

SK hynix to build chip packaging fab in US

Korea to invest $527 mil. to integrate AI into all sectors of society

Korea plans to invest 710.2 billion won ($527 million) this year across 69 sectors to foster innovations propelled by artificial intelligence (AI) in people's daily lives, industries, and government administrative services, the Ministry of Science and ICT said Thursday.

Apr 4, 2024By Baek Byung-yeul

Korea to invest $527 mil. to integrate AI into all sectors of society

New Korea AeroSpace Administration to open in May: vice science minister

Korea is set to inaugurate its fully fledged space agency, the Korea AeroSpace Administration (KASA), next month, First Vice Science Minister Lee Chang-yune said Wednesday.

Apr 3, 2024

New Korea AeroSpace Administration to open in May: vice science minister

Hyundai Motor Group introduces delivery robot

Seen is DAL-e Delivery, a delivery robot developed by Hyundai Motor and Kia. The carmakers released images and videos of their delivery robot, first unveiled at CES 2022, saying the robot can carry up to 10 kilograms in weight and is designed to work with buildings' elevator and door control systems to create optimal routes in real time for fast delivery. Courtesy of Hyundai Motor Group

Apr 3, 2024By Baek Byung-yeul

Hyundai Motor Group introduces delivery robot

Samsung unveils Bespoke AI lineup

Han Jong-hee, vice chairman and CEO of device experience division at Samsung Electronics, introduces the company’s Bespoke AI home appliances that feature enhanced AI function and better SmartThings internet of things (IoT) connectivity during a media conference at its Seoul office, Wednesday. Samsung said its refrigerators, robot vacuum cleaners, all-in-one washer-dryers, air conditioners and induction cooktops are powered with AI features to reduce energy use and provide seamless connectivity with users’ mobile devices, adding it will offer generative AI features in the second half of this year. Courtesy of Samsung Electronics

Apr 3, 2024By Baek Byung-yeul

Private e-Um 5G enables 4D experience on Lotte World's flagship roller coaster

Korea is expanding its ecosystem of the e-Um 5G network service, as an amusement park launched a virtual roller coaster ride that utilizes the high-speed and ultra-low-latency private network service, the ICT ministry said Tuesday.

Apr 2, 2024By Baek Byung-yeul

Private e-Um 5G enables 4D experience on Lotte World's flagship roller coaster

Samsung to drive home appliance innovation with AI: CEO

Samsung Electronics is set to launch its Bespoke AI home appliance lineup, powered with cutting-edge AI and SmartThings internet of things, or IOT, technologies, to offer consumers smarter experiences, its vice chairman and CEO of device experience, Han Jong-hee, said Monday.

Apr 1, 2024By Baek Byung-yeul

Samsung to drive home appliance innovation with AI: CEO

Samsung beats Apple to regain top spot as world's leading smartphone seller

Samsung Electronics regained the leading position in global smartphone sales just five months after ceding it to Apple. The comeback is credited to the robust performance of its new AI-powered Galaxy S24 smartphones, according to industry officials and data, Monday.