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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 hynix team leader honored for exemplary environmental management

Park No-hyuck, head of Icheon Environment Team at SK hynix, poses with the Prime Minister's Award for Environmental Protection Merit, Wednesday. Courtesy of SK hynix By Baek Byung-yeulPark No-hyuck, head of SK hynix's Icheon Environment Team, was honored with the Prime Minister's Award for Environmental Protection Merit on July 3, being recognized for his contribution to develop, launch and manage environmental protection measures in chip-production facilities, the company said Wednesday. Park has been working in environmental management for 17 years and has contributed to the company achieving A-grade greenhouse gas reduction performance in the climate category of the Carbon Disclosure Project and A-grade water quality and water ecosystem management performance in the water resources category, SK hynix said.In particular, he has helped the company establish standards for environmental management technologies ― such as simultaneous reduction of greenhouse gases and

Jul 13, 2023By Baek Byung-yeul
SK hynix team leader honored for exemplary environmental management

Korea expands AI cooperation with Google

Yossi Matias, right, vice president of engineering & research at Google, demonstrates the company's translator app to ICT Minister Lee Jong-ho during the AI for Korea 2023 event held at the Grand InterContinental Seoul Parnas hotel, Thursday. Courtesy of Ministry of Science and ICTUS tech giant promises to help nurture AI experts hereBy Baek Byung-yeulKorea has stepped up cooperation with Google to strengthen R&D capabilities and nurture professionals in the Artificial Intelligence (AI) industry as it aims to become a global AI powerhouse, the science ministry said Thursday.The Ministry of Science and ICT and Google jointly hosted the AI for Korea 2023 event in Seoul, from Thursday to Saturday to discuss the future of the AI industry and look into the current status of AI technologies from domestic and overseas AI firms. The event also offers tech sessions for students learning AI.The ministry said that the event was organized to expand and globalize Korea's AI industry, which has been moving dynamically in recent years. The Ministry of Science and ICT and Google MSIT plan to

Jul 13, 2023By Baek Byung-yeul
Korea expands AI cooperation with Google

INTERVIEW Korea advised to avoid heavy-handed AI regulations

Visitors watch humanoid robots dancing at the World Artificial Intelligence Conference (WAIC) 2023 in Shanghai, China, July 6. Xinhua-YonhapThis is the second in a three-part series of interviews with global artificial intelligence (AI) technology experts regarding Korea's ambition to become a hub for AI innovation so that the country can reap AI's national security and economic benefits. _ ED.'Seoul's strengths in chips to help US-China de-escalate tensions in AI'By Kim Yoo-chulSince the fanfare over generative artificial intelligence (AI) technology began this year, experts have voiced major concerns about the potential side effects of such technology.Top experts explicitly warned about the risk of human extinction from the growth of AI, stressing that mitigating such a possibility must be a global priority.In recent months, the U.S. and China have specified plans on how to better regulate AI technology. OpenAI CEO Sam Altman used his recent high-profile global trips to call for coordinated regulation by governments.The EU was the first to enact legally-binding regulations that wou

Jul 13, 2023By Kim Yoo-chul
[INTERVIEW] Korea advised to avoid heavy-handed AI regulations

LG Electronics aims to achieve W100 trillion in sales by 2030

Cho Joo-wan, CEO of LG Electronics, announces the company's goal of achieving annual sales of $77 billion by 2030 during a press conference at LG Science Park in Seoul, Wednesday. Courtesy of LG ElectronicsCEO vows to transform company into smart life solution providerBy Baek Byung-yeulLG Electronics aims to achieve 100 trillion won ($77 billion) in sales by 2030 by transforming itself into a smart life solution company, going beyond its existing brand image as a home appliance maker, its CEO said, Wednesday.To that end, LG will earmark 25 trillion won for R&D, 17 trillion won for facility investments and 7 trillion won for strategic investments over the next eight years, totaling over 50 trillion won until 2030.“LG Electronics will become a Smart Life Solution Company that connects and extends customers' experiences in every space of their lives, from home and commercial spaces to the virtual reality world such as metaverse,” Cho Joo-wan, CEO of LG Electronics, said during a press conference at LG Science Park in Seoul.The CEO said the company came up with the vision

Jul 12, 2023By Baek Byung-yeul
LG Electronics aims to achieve W100 trillion in sales by 2030

Gov't to expand smart home business with Samsung, LG, Hyundai E&C

gettyimagesbankBy Baek Byung-yeulThe government is seeking to nurture the country's smart home business in cooperation with Samsung Electronics, LG Electronics, Hyundai E&C and other Korean IT, construction and home interior companies, helping them to have more opportunities in the lucrative home automation-related market, both at home and abroad, the ICT ministry said Tuesday.The Ministry of Science and ICT held a meeting at the headquarters of real estate platform operator Zigbang in Seoul to discuss fostering a smart home ecosystem here with experts from not only Samsung, LG and Hyundai E&C but also from interior design companies such as Hanssem and state-run companies such as Korean Land & Housing Corporation.A smart home is an Internet of Things (IoT) system that wirelessly controls multiple devices and applications at home. As various companies had provided their own IoT platforms, users were not able to conveniently use integrated services, but things are changing since last year when Big Tech companies decided to launch a unified IoT protocol called Matter.In Octo

Jul 11, 2023By Baek Byung-yeul
Gov't to expand smart home business with Samsung, LG, Hyundai E&C

Seoul residents to receive early flash flood warnings via new forecast system

A road is flooded in Incheon's Bupyeong District, Aug. 8, 2022, after a heavy downpour. Yonhap By Holly ChikKorean scientists have developed a new forecast system to alert people about flash floods at least an hour in advance, providing crucial time to evacuate, the researchers at the Korea Institute of Civil Engineering and Building Technology (KICT) said Thursday. The flood control office has begun test operations of the system in Seoul, with plans to expand the service nationwide next year.“Once the system detects a potential flash flood event, it disseminates warnings and alerts through various channels such as emergency broadcasts, mobile applications, sirens, social media and text messages,” lead researcher Hwang Seok-hwan, a professor at the department of hydro science and engineering research of the University of Science & Technology Korea Institute of Civil Engineering and Building Technology (UST-KICT) School, told The Korea Times.“These notifications are

Jul 8, 2023By Holly Chik
Seoul residents to receive early flash flood warnings via new forecast system

Samsung Electronics to bounce back in 3rd quarter: analysts

An advertisement of Samsung Electronics' Galaxy S23 smartphone is seen at the company's store in Seoul, Friday. The company announced its second-quarter earnings guidance saying operating profit in the period is likely to plunge 95.7 percent year-on-year due to weak chip demand. YonhapTech giant's Q2 profit plunges 95.7% to 14-year low amid chip downturnBy Baek Byung-yeulSamsung Electronics is forecast to post its worst quarterly earnings in 14 years in the second quarter of the year as the chipmaker was hit hard by the worst-ever semiconductor downturn and weak smartphone demand, the company said Friday.Analysts forecast that starting in the third quarter, it will rebound on the back of chip production cuts and shrinking inventory at client companies, an industry analyst said Friday.In its earnings guidance from April to June, the tech giant said that its operating profit in the period is expected to be 600 billion won ($460 million), down 95.7 percent from the same period in 2022. Its sales are estimated to be 60 trillion won, down 22.3 percent year-on-year.Experts said Samsung had

Jul 7, 2023By Baek Byung-yeul
Samsung Electronics to bounce back in 3rd quarter: analysts

LG Energy Solution continues strong performance into Q2

LG Energy Solution employees pose with the company's electric vehicle battery products at the InterBattery 2023 exhibition in southern 'sSeoul COEX convention center, March 15. The company announced its second-quarter earnings guidance saying its operating profit is likely to be at 611.6 billion won, up 212.7 percent year-on-year. Courtesy of LG Energy SolutionBy Baek Byung-yeulLG Energy Solution continued its strong performance in the second quarter of this year with its operating profit doubled from the same period last year, according to the battery maker, Friday. The company has been enjoying the growth of the global electric vehicle (EV) market and tax credits provided by the U.S. Inflation Reduction Act (IRA) that subsidizes eco-friendly vehicles.In its earnings guidance, the company announced it is likely to post sales of 8.735 trillion won ($6.68 billion) and operating profit of 616.6 billion won in the second quarter, up 73 percent and 212.7 percent, respectively, from the same period in 2022.The sale was the company's largest one in its quarterly performance, slightly surpa

Jul 7, 2023By Baek Byung-yeul
LG Energy Solution continues strong performance into Q2

LG CNS develops robot management platform for distribution centers

LG CNS employees demonstrate how to monitor and control various types of robots at distribution centers through its robot management platform, Thursday. Courtesy of LG CNSBy Baek Byung-yeulLG CNS has developed a robotics management platform that controls and manages various types of robots at logistics distribution centers, the company said Thursday.The company explained that the platform was developed to alleviate the pain points of customers who find it difficult to manage and operate different types of robots in a logistics distribution center with one control system.“Through the robot management platform, customers can monitor and control robots on one platform. The robotics platform can link the control systems of multiple robots, such as automated guided vehicles that move goods along a set route, autonomous mobile robots that explore alternative routes if there are obstacles, warehouse robots that can store, load and move goods, and sorting robots,” the company said.The robot management platform collects and analyzes data from all robots in real time and guides the

Jul 6, 2023By Baek Byung-yeul
LG CNS develops robot management platform for distribution centers

Nokia aims to contribute to Korea's digital transformation

Ahn Tae-ho, head of Nokia Korea, speaks during a press conference at the Josun Palace hotel in Seoul, Thursday. Courtesy of Nokia KoreaBy Baek Byung-yeulNokia is aiming to contribute to Korea's digital transformation with its innovative network products as the former mobile phone powerhouse is now fully transformed into a business-to-business (B2B) network solutions provider, according the head of its Korean branch, Thursday.“This year, Nokia unveiled a new logo. The new logo shows that Nokia is an open company as the company's strategy is based on collaboration with its partners,” Ahn Tae-ho, head of Nokia Korea, said during a press conference in Seoul.“Nokia focuses on B2B technology and works with a number of companies, and in Korea we work with SK Telecom, KT, LG Uplus and other companies. Specifically, we have network infrastructure, mobile networks, cloud and network services which is a software business, and a licensing business.”During the press conference, Nokia provided an overview of Korea's 5G landscape and how it contributed to the development of

Jul 6, 2023By Baek Byung-yeul
Nokia aims to contribute to Korea's digital transformation
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