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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.

EU regulations on global Big Techs give Samsung advantage over Apple

Samsung's flag flutters in the breeze in front of the company's building in Seoul in this 2022 file photo. YonhapBy Park Jae-hyukSamsung Electronics is expected to benefit from the European Union's decision on Wednesday (local time) to designate Apple as one of the six global tech giants to be subject to stricter regulations, while excluding the Korean firm from the list, according to industry officials, Thursday.The European Commission announced that Alphabet, Amazon, Apple, Meta, Microsoft and ByteDance were identified as “gatekeepers,” which provide 22 core platform services, such as the App Store, Facebook, Instagram, WhatsApp, YouTube, Chrome and Safari.The gatekeepers will be banned from favoring their own services over those offered by competitors and will have to share key information with business customers, in accordance with the Digital Markets Act (DMA), which will take effect in March of next year.There will be fines of up to 10 percent of a firm's global revenue for breaking the rules, and even up to 20 percent for repeat offenders. In cases of systematic in

Sep 7, 2023By Park Jae-hyuk
EU regulations on global Big Techs give Samsung advantage over Apple

KT CEO vows to expand into new ICT businesses

KT CEO Kim Young-shub speaks during a press conference at the Le Meridian Seoul hotel, Thursday. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulKT will aggressively grow the company's information and communication technology (ICT) capabilities to enter new businesses in the IT sector and compete with Big Tech companies rather than just being a telecommunications service provider, its CEO Kim Young-shub said Thursday.“We will upgrade our ICT capabilities so that we can increase our value and share our vision for future growth with our customers,” the CEO said during his first press conference in Seoul, eight days after taking office on Aug. 30. “A telecommunications company like ours needs to transform into an IT company, becoming a company that can provide innovative services is the direction we need to go.”The CEO said it's too early to say what new businesses the company will enter, but added it will challenge what Big Tech firms are doing and trying to do.“It is true that Big Techs are disrupting the world with their core services. Telecommunic

Sep 7, 2023By Baek Byung-yeul
KT CEO vows to expand into new ICT businesses

LG discovers startups to prepare for future

LG Science Park CEO I.P. Park delivers opening speech during SUPERSTART Day 2023 at LG Science Park in Seoul, Thursday. Courtesy of LGBy Baek Byung-yeulLG is hosting a startup discovery event to support the growth of promising startups in fields such as AI, bio and clean technology, and to explore collaboration opportunities with them to create future growth engines, the group said Thursday.LG announced that it is hosting SUPERSTART Day 2023 for two days on Thursday and Friday at LG Science Park in southwestern Seoul, which serves as the R&D hub of LG Group. The event has been held annually since 2018 to discover and support promising startups.At this year's SUPERSTART Day, 40 startups in the fields of AI, bio, clean technology, materials, parts, equipment and lifestyle, which LG is fostering as future businesses, are participating to demonstrate their technologies and services and explore collaboration opportunities.Participating companies included Zkrypto, which has a blockchain system technology that can prevent voter fraud, Basgenbio, a drug development platform provider base

Sep 7, 2023By Baek Byung-yeul
LG discovers startups to prepare for future

Samsung collaborates with Thom Browne

Samsung Electronics' Galaxy Z Fold 5 smartphones and the Galaxy Watch 6 smartwatches decorated with the signature three-color pattern of U.S. fashion brand Thom Browne are displayed in this photo provided by the smartphone manufacturer. Samsung said Thursday that it collaborated with Thom Browne for the smartphones and the smartwatches and began selling them through an online raffle. Courtesy of Samsung Electronics 

Sep 7, 2023By Baek Byung-yeul
Samsung collaborates with Thom Browne

World to see more back-to-back heavy rain, heat waves: climate change study

A rescue operation is underway at a flooded underpass in Cheongju, North Chungcheong Province, in this July 15 file photo provided by the Korea National Fire Agency. AP-Yonhap By Holly ChikConsecutive extreme rainfall and heat waves are likely to become more frequent in the future around the world given the ongoing trajectory of global warming, according to a recent study.The scientific team in Korea and the United States found that global warming was behind the increased frequency of extreme precipitation in their analysis of data from 1980 to 2020.The researchers from Chonnam National University in Gwangju, Pohang University of Science and Technology, the Institute for Basic Science in Busan, as well as the University of Washington and the University of Hawaii at Manoa in the United States, published their findings in the peer-reviewed journal Nature last week.First author Ham Yoo-geun, a professor leading the ocean and climate science laboratory at Chonnam Nation

Sep 7, 2023By Holly Chik
World to see more back-to-back heavy rain, heat waves: climate change study

Ozys inks partnership with SKT for Web3 biz

Choi Jin-han, right, CEO of Ozys, poses with Kim Jong-seung, director of SK Telecom, after signing a memorandum of understating about cooperation in Web3 business, Aug. 28. Courtesy of OzysBy Baek Byung-yeulOzys, a blockchain technology company, signed a partnership with SK Telecom to expand the ecosystem of Web3, the company said Tuesday. Ozys said it signed a memorandum of understanding with the country's largest mobile carrier SK Telecom on Aug. 28 for Web3, a term used to describe technologies that decentralize data ownership and control on the internet, including the blockchain.Ozys is a blockchain technology company specializing in developing user-friendly Web3 services. Its services include the decentralized finance service KLAYswap and the cross-chain platform Orbit Bridge.With the signing of this MOU, the two companies will create synergies centered on user-friendly services and focus on core competencies to expand the Web3 ecosystem. In particular, they plan to integrate Orbit Bridge's Native Coin Swap feature into SK Telecom's upcoming Web3 wallet.“The collaboration

Sep 5, 2023By Baek Byung-yeul
Ozys inks partnership with SKT for Web3 biz

Display equipment maker SFA bolsters EV battery biz

Kim Hyong-soon, chief general manager of SFA, speaks during a press conference at FKI Tower in Seoul, Tuesday. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulSFA, a local display equipment maker, is moving to diversify its business portfolio by expanding beyond displays, the company said Tuesday.Among the non-display sectors, the company said it will focus on equipment for electric vehicle (EV) batteries, saying it will apply the laser technologies it has accumulated in the display sector to its batteries to increase its presence in the growing EV battery market and keep up with rapidly changing market demands.“SFA will increase its presence in the battery equipment and semiconductor equipment markets with our smart factory technology that can deliver both growth and profitability,” Kim Hyong-soon, chief general manager of SFA, said at a press conference in Seoul.SFA is focusing on the commercialization of laser equipment to be used in the electrode process for EV batteries by combining its laser technology with electrode process equipment of CIS, an electrode-spec

Sep 5, 2023By Baek Byung-yeul
Display equipment maker SFA bolsters EV battery biz

Samsung Electro-Mechanics, LG Innotek showcase latest chip substrates at KPCA

Compute image showing LG Innotek's booth at KPCA Show 2023 at Songdo Convensia in Incheon / Courtesy of LG InnotekBy Ko Dong-hwanKorea's two major printed circuit board (PCB) makers are expected to showcase their latest products at an industry exhibition in Incheon this week.LG Innotek and Samsung Electro-Mechanics said their latest chip substrate products will be exhibited at KPCA Show 2023 at Songdo Convensia from Wednesday to Friday. Chip substrates, which connect semiconductors and mainboards, are key components in the fields of server, AI, web cloud and metaverse. With advancing technologies, substrate makers are facing increased demand to increase the number of panel layers or making more detailed and thinner circuits.LG Innotek said it will feature Flip Chip Ball grid Array, or FC-BGA products, such as Package Substrates and Tape Substrates. FC-BGA is considered the highlight of the show and each substrate product will have a dedicated zone at the show, according to the company. Package Substrate Zone will display PCBs used in app processors, memory and modules for the latest

Sep 5, 2023By Ko Dong-hwan
Samsung Electro-Mechanics, LG Innotek showcase latest chip substrates at KPCA

Online real estate registration to become simpler

Koh Jean, chairman of the Presidential Committee on the Digital Platform Government, speaks during a press conference at the Korea Press Center building in Seoul, Monday. Korea Times photo by Baek Byung-yeulGov't to offer more user-friendly digital servicesBy Baek Byung-yeulThe government vowed to provide more user-friendly digital services such as allowing data sharing across ministries and enabling real estate registration applications without seal certification, the head of the Presidential Committee on the Digital Platform Government said, Monday. “A year ago, when I was asked to chair the Presidential Committee on the Digital Platform Government, I told President Yoon Suk Yeol that we would not just be an advisory committee, but a policy committee that would directly create tasks for a digital platform government with members from private companies and be responsible for our implementation,” Koh Jean, chairman of the committee said in a press conference, Seoul.“The president asked me to think of the committee as an organization that works together with him, not

Sep 4, 2023By Baek Byung-yeul
Online real estate registration to become simpler

Tmap offers public transport search, hotel booking services

Lee Jong-ho, CEO of Tmap Mobility, speaks during a press conference at SKT Tower in Seoul, Monday. Courtesy of Tmap MobilityBy Baek Byung-yeulTmap Mobility revamped its navigation app, Tmap, to offer a wider array of services ranging from searching for public transportation routes to booking restaurants and hotels in order to offer enhanced customer experience, its CEO said Monday.“Today, we're releasing version 10.0 of Tmap and embarking on a new journey. We offer an all-new personalized and integrated Tmap service powered by AI technology,” Lee Jong-ho, CEO of the company, said during a press conference in Seoul.The CEO said the revamped Tmap focuses on offering integrated and personalized services.“We've integrated public transportation services that used to be separate, allowing users to compare different types of transportation. If you are traveling to Incheon International Airport, you can easily book an airport bus on Tmap,” he said.Tmap Mobility is also expanding its services to what it calls mobility life area, which includes searching for places and

Sep 4, 2023By Baek Byung-yeul
Tmap offers public transport search, hotel booking services
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