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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.

Samsung, SK relieved by revised chip restrictions on China

Samsung Electronics and SK hynix appear to be breathing a sigh of relief over the U.S. CHIPS and Science Act’s guardrails as the regulation, which aims to restrict China’s chip development technology, limits the expansion of advanced semiconductor production capacity to no more than 5 percent in China, according to industry officials and experts, Sunday.

Sep 24, 2023By Baek Byung-yeul
Samsung, SK relieved by revised chip restrictions on China

Korean firms urge US to clarify 'foreign entity of concern'

Korean companies have asked the United States to clarify from which foreign companies they are not required to import critical electric vehicle (EV) battery minerals under the U.S. Inflation Reduction Act (IRA), industry sources said Sunday.

Sep 24, 2023
Korean firms urge US to clarify 'foreign entity of concern'

The ethical issues of AI: fighting the right battles

gettyimagesbankBy Nicolas BouverotWill artificial intelligence replace human beings? Could it turn against its creators? Does it represent a danger to the human race?These are just some of the questions that have been stirring up public debate and the media since the mass deployment of generative AI tools and the sensationalist statements of a few public figures. However, as interesting as the speculation is from a philosophical point of view, most experts agree that it is somewhat premature.Nicolas Bouverot, vice president of Thales in AsiaIt is true that artificial intelligence has enormous potential. It is a technology that is going to enable a broad range of tasks to be automated, new services to be created and, ultimately, economies to be more efficient. Generative AI marks a new stage in this underlying trend, its many applications we are only beginning to explore.However, we must not lose sight of the fact that, despite their remarkable performances, AI systems are essentially machines, nothing more than algorithms built into processors that are able to assimilate large amount

Sep 24, 2023
The ethical issues of AI: fighting the right battles

Korea boosts subsidies to rev up falling EV sales

The Korean government will temporarily offer more subsidies to customers purchasing electric vehicles (EVs), as part of policy incentives to revive slowing sales of the vehicles here. Details will be shared by relevant authorities early next week, officials said Friday.

Sep 22, 2023By Lee Min-hyung
Korea boosts subsidies to rev up falling EV sales

Scientists find green way to turn CO2 into fuel with sunlight

Scientists in Korea and the United States developed a material that harnesses solar energy to efficiently turn carbon dioxide (CO2) into hydrocarbons such as methane, a gas fuel for heating, cooking and powering vehicles.

Sep 22, 2023By Holly Chik
Scientists find green way to turn CO2 into fuel with sunlight

LG CNS employees teach coding at elementary schools

New employees of LG CNS teach coding to students at Hongsan Elementary School in Buyeo County, South Chungcheong Province, Tuesday. The company said Thursday that around 60 employees provided coding education at Hongsan and Baekje Elementary Schools in the county. Courtesy of LG CNS

Sep 21, 2023By Park Jae-hyuk
LG CNS employees teach coding at elementary schools

New industry minister demonstrates priorities with visits to nuclear plant, Busan port

Minister of Trade, Industry and Energy Bang Moon-kyu, center, speaks to an employee at Saeul Nuclear Power Plant in Ulju County in Ulsan, Wednesday. Courtesy of Ministry of Trade, Industry and EnergyBy Ko Dong-hwanKorea's new Minister of Trade, Industry and Energy Bang Moon-kyu visited a nuclear power plant under construction in Ulsan and a Busan port for his first day on the job, signaling the ministry's priorities under his watch.Starting his duty on Wednesday, Bang visited Saeul Nuclear Power Site in the southeastern coastal city of Ulsan and Busan New Port, the biggest port in Busan which sees 63 percent of the country's overall maritime international trade.Saeul power plant has two APR1400 reactors, the same model exported to the United Arab Emirates for the Barakah nuclear energy plant in Abu Dhabi. Reactors 1 and 2 at the plant are also the first APR1400s in Korea. Reactors 3 and 4 are currently under construction. Their construction was previously suspended during the previous Moon Jae-in administration when tensions divided the country on whether nuclear power should be aban

Sep 20, 2023By Ko Dong-hwan
New industry minister demonstrates priorities with visits to nuclear plant, Busan port

LG CNS, IGIS Asset Management join hands for data center, logistics

LG CNS CEO Hyun Shin-gyoon, left, poses with Kang Young-goo, chairman of IGIS Asset Management after agreeing to cooperate on digital transformation-related business at the former's office in Seoul, Tuesday. Courtesy of LG CNSBy Baek Byung-yeulLG CNS forged a partnership with real estate investor IGIS Asset Management to develop new businesses such as cloud data centers and micro fulfillment centers (MFCs), the company said Wednesday. Under the agreement, the two sides will cooperate on expanding the construction of cloud data centers at home and abroad, attracting new customers, building urban logistics centers and launching new businesses based on AI and cloud computing.LG CNS and IGIS Asset Management said they are currently working together to build large-sized data centers domestically. Utilizing LG CNS' overseas business partnerships and know-how in operating data centers internationally, and IGIS Asset Management's global network and capital, the companies plan to expand their global data center construction operations.In particular, they will actively seek new opportunities i

Sep 20, 2023By Baek Byung-yeul
LG CNS, IGIS Asset Management join hands for data center, logistics

Merck emphasizes digitalization in semiconductor market

Steven Eulig, head of Business Development for Digital Solutions at Merck Electronics, speaks during the Alumni Network of Korea-Germany (ADeKo) academic conference at the Korea Chamber of Commerce and Industry building in Seoul, Tuesday. Courtesy of Merck KoreaBy Baek Byung-yeulMerck noted that the semiconductor industry should embrace AI and machine learning for digital transformation, according to the German science and technology company's Korean unit Wednesday.Speaking at the Alumni Network of Korea-Germany (ADeKo) academic conference in Seoul, Tuesday, Steven Eulig, head of Business Development for Digital Solutions at Merck Electronics, explained the roles of AI and machine learning in semiconductor manufacturing. He said that sustainable digital transformation is required to respond to the rapidly changing semiconductor landscape.“Digitalization and data sharing are critical to building systems to maintain semiconductor quality and improve supply chain resilience in the global marketplace,” Eulig said during the conference, which was held to mark the 140th anniver

Sep 20, 2023By Baek Byung-yeul
Merck emphasizes digitalization in semiconductor market

Yanolja's aggressive expansion results in voluntary redundancy program

Yanolja founder Lee Su-jin speaks during a press conference at Fairmont Ambassador Seoul in this June 20 file photo. Courtesy of YanoljaBy Park Jae-hyukYanolja, a hotel booking app operator, told its employees earlier this week that it will carry out a voluntary redundancy program by Oct. 6. Those who wish to leave the company can receive cash payments equivalent to four months of their salary or three months of their paid leave. “To achieve our goal of leading the digitalization of the global tourism industry, we need an organization that can flexibly cope with the changing external environment,” the company said in an email sent to its employees, Monday.Although Yanolja emphasized that the program is not related to its worsening profits, the decision was made after declaring a loss for the first half of this year, suffering a 28.4 billion won ($21 million) operating deficit.The losses were in stark contrast to the earnings achieved by its chief rival, GC Company, which posted an operating profit of 18.2 billion won for the first half, up 80 percent from a year earlier.

Sep 20, 2023By Park Jae-hyuk
Yanolja's aggressive expansion results in voluntary redundancy program
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