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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.

Corning to invest $1.5 bil. in Korea

Corning Chairman and CEO Wendell Weeks, second from left, takes a look the company's product with Samsung Electronics Executive Chairman Lee Jae-yong, left, at the U.S. company plant in Asan, South Chungcheong Province, Friday. Courtesy of Corning KoreaBy Baek Byung-yeulCorning, a U.S.-based multinational tech company, is investing $1.5 billion in Korea over the next five years, according to the company and the provincial office, Friday. The money is planned for developing advanced materials including ultra-thin bendable glass and expanding manufacturing capabilities at Corning's Asan factory in South Chungcheong Province to meet the growing global demand for next-generation displays.The company, which specializes in glass and ceramic materials, held an event to commemorate the 50th anniversary of its investment in Korea and the establishment of its manufacturing line for ultra-thin bendable glass at its Asan factory. The ceremony was attended by prominent figures including Corning Chairman and CEO Wendell Weeks, Samsung Electronics Executive Chairman Lee Jae-yong and South Chungcheo

Sep 1, 2023By Baek Byung-yeul
Corning to invest $1.5 bil. in Korea

Greenhouse harnesses solar energy to decarbonize farming

Scientists in Korea and Britain have designed a solar-powered energy system for a smart farm in Naju, South Jeolla Province, which can reduce carbon dioxide emissions by up to almost 90 percent compared to conventional fossil-based energy systems. Courtesy of?Korea Institute of Industrial Technology By Holly ChikIn a greenhouse in the southwestern Korean city of Naju, bell peppers, tomatoes, apples and mangos are being grown at their ideal temperatures. As the farm runs, scientists remotely monitor real-time data such as electricity consumption from regulating the indoor atmosphere.Unlike conventional systems that rely on fossil fuels, the smart farm is powered mainly by solar energy to maintain stable temperatures all year round, cutting up to almost 90 percent of carbon dioxide emissions, according to a group of international scientists.The self-sufficient energy system design sheds light on how the farming sector could transition to renewable energy solutions, th

Sep 1, 2023By Holly Chik
Greenhouse harnesses solar energy to decarbonize farming

Corning makes Korea hub of bendable glass

Wendell Weeks, chairman and CEO of Corning, speaks during a press conference at the Shilla Seoul hotel, Thursday. Korea Times photo by Baek Byung-yeulChairman of US company to meet with Samsung chief FridayBy Baek Byung-yeulU.S. specialty glass maker Corning has begun producing pliable glass in Korea to increase its presence in the bendable display market, which is increasingly being applied to foldable mobile devices and automotive parts, its chairman said, Thursday.“Today I'm excited to announce that we are building the world's first fully integrated supply chain to manufacture next-generation bendable glass technology right here in Korea,” Wendell Weeks, chairman and CEO of Corning, said during a press conference in Seoul.Corning is known for supplying smartphone glass covers, such as Gorilla Glass, to protect mobile devices from damage. The company said it has been developing bendable glass and recently began production at its plant in Asan, South Chungcheong Province, supplying the products to Samsung Electronics' latest foldable smartphones.The chairman visited Kore

Aug 31, 2023By Baek Byung-yeul
Corning makes Korea hub of bendable glass

Samsung, LG offer energy-saving solutions to European consumers at IFA

Models pose with Samsung Electronics' energy-efficient Bespoke range of home appliances at its booth during the IFA exhibition in Berlin, Thursday. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics and LG Electronics will showcase their new gadgets featuring enhanced energy-saving technologies at the IFA consumer electronics exhibition in Berlin in order to appeal more to European consumers facing soaring energy prices amid extreme heat waves and other climate-change-related challenges, the companies said Thursday.The annual IFA exhibition will be held in Berlin, from Friday to Tuesday, featuring 2,059 exhibitors from 48 countries. The event organizer expects around 180,000 visitors from 144 countries to visit the event.A day before the event was to be held, the two companies unveiled their promotional booths showcasing new products and technologies. During the event, Samsung and LG will showcase products that utilize eco-friendly technologies, device-to-device connectivity and AI technology under the themes of “Connection that matters” and “Susta

Aug 31, 2023By Baek Byung-yeul
Samsung, LG offer energy-saving solutions to European consumers at IFA

LG CNS wins Google Cloud partner awards

LG CNS CEO Hyun Shin-gyoon, left, poses with Google Cloud CEO Thomas Kurian after winning the Sales Partner of the Year and the Services Partner of the Year awards from the cloud company during the 2023 Google Cloud Next conference in San Francisco, Wednesday (local time). On the sideline of the event, LG CNS said its CEO and executives had a top management meeting with their counterparts, including the Google Cloud CEO, to discuss further cooperation in generative AI business. Courtesy of LG CNS

Aug 31, 2023By Baek Byung-yeul
LG CNS wins Google Cloud partner awards

Korean IT powerhouses challenge global tech titans in AI market

Naver joins AI race with HyperCLOVA X, Kakao to launch KoGPT soonBy Baek Byung-yeulNaver, Kakao, LG, SK Telecom, KT and other IT companies here are aggressively launching or plan to introduce generative AI services to counter the growing influence of ChatGPT and other AI services introduced by global big tech firms. Services by local companies can display robust performance here ― compared to ChatGPT provider OpenAI, Google and Microsoft ― if they provide customized services that meet the needs of Korean users, industry officials say.One of the latest Korean AI companies to gain traction is Naver, which unveiled its hyperscale AI, HyperCLOVA X, and its associated generative AI service CLOVA X, on Aug. 24. In addition to Naver, LG AI Research unveiled its hyperscale AI platform, EXAONE, in July.Kakao, known for its KakaoTalk mobile messenger, will unveil KoGPT in October. What makes Kakao's generative AI different is that it will be connected to KakaoTalk, the most popular messenger among Koreans. The company said KakaoTalk and its AI service will be combined to make it easier to use

Aug 31, 2023By Baek Byung-yeul
Korean IT powerhouses challenge global tech titans in AI market

Korea to invest $3.8 bil. in R&D for 12 strategic technologies in 2024

GettyimagesbankKorea will funnel 5 trillion won ($3.8 billion) into research and development (R&D) next year to promote 12 strategic technologies as part of the country's long-term growth plan to take the global lead in up-to-date technologies, the science ministry said Tuesday.The 2024 amount increased 6.4 percent from this year's 4.7 trillion won to build more capacity and put more effort into the influential and emerging sectors, according to the Ministry of Science and ICT.The 12 technologies are semiconductors and displays, secondary batteries, advanced mobility, next generation nuclear power, advanced biology, aerospace and ocean engineering, hydrogen, cybersecurity, artificial intelligence (AI), next generation communications, advanced robotics and quantum technology.At the same time, the science ministry approved a road map to provide strong backing for the development of three selected sectors ― secondary batteries, semiconductors and displays and advanced mobility, where global powers are in fierce battle for supremacy ― and 16 related technologies.For the secondary bat

Aug 29, 2023
Korea to invest $3.8 bil. in R&D for 12 strategic technologies in 2024

2 Korean display researchers win Merck awards

From left, Jeong Jae-kyung, a Hanyang University professor and a 2023 Merck Award winner; Yun Yong-kuk, country lead of Display Solutions Business at Merck Korea, and Kwak Jeong-hun, a Seoul National University professor pose during the Merck 2023 Award ceremony at BEXCO convention center in Busan, Aug. 24. Courtesy of Merck KoreaBy Baek Byung-yeulTwo Korean researchers won awards, including the top prize, at the award ceremony put on by German IT company Merck, for their excellence in the display sector, Merck Korea said Monday. The company said Jeong Jae-kyung, a Hanyang University professor, won the top honor Merck Award, being recognized for his research including his contribution to the mass production of AMOLED products and successfully implementing oxide thin-film transition technology.Kwak Jeong-hun, a Seoul National University professor, also won the Merck Young Scientist Award, for contributions to improving the efficiency and lifetime of QLEDs based on the first development of the inverted QLED structure.The Merck Award, which celebrates its 20th anniversary this year, is

Aug 28, 2023By Baek Byung-yeul
2 Korean display researchers win Merck awards

BOE raises eyebrows over abruptly canceling speech at display conference

Gavin Gao, president of Chinese display maker BOE, speaks during BOE Innovation Partner Conference in Beijing in this July 11 video. Captured from BOE's YouTube channelBy Baek Byung-yeulChinese display maker BOE was scheduled to make technical presentations at the International Meeting on Information Display (IMID) conference in Busan, last week, but the company abruptly canceled scheduled presentations without notice, leaving attendees frustrated, according to industry officials, Monday.Co-organized by the Korean Information Display Society (KIDS) and the Society for Information Display (SID), this year's IMID conference was held at BEXCO convention center in Busan from Aug. 22 to 25. Featuring prominent display companies and researchers, the global event is known as a place to glimpse the latest technology trends in the display industry.The event also featured technical presentations by display industry officials and researchers on industry trends and their research results.BOE officials were scheduled to present at the OLED Manufacturing II session from 2:50 p.m. to 4:20 p.m. and

Aug 28, 2023By Baek Byung-yeul
BOE raises eyebrows over abruptly canceling speech at display conference

Samsung holds Fold Cup to promote game performance

Samsung Electronics hosts the final match of the Galaxy Fold Cup at an esports stadium in Seoul, Sunday, with players competing for the trophy using Galaxy Z Fold 5 foldable smartphones. The company held the event to promote the game performance of its new foldable smartphones. The event featured commentary from League of Legends legendary player Lee Sang-hyuk, better known by his stage name Faker. Courtesy of Samsung Electronics

Aug 28, 2023By Baek Byung-yeul
Samsung holds Fold Cup to promote game performance
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