my timesThe Korea Times
Business

Tech & Science

Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
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.

INTERVIEW Eco-friendly packaging material maker hopes to shift industry paradigm

Everchemtech CEO Lee Seong-min speaks during a recent interview with The Korea Times at the company's head office in Hwaseong, Gyeonggi Province. Korea Times photo by Choi Won-sukEverchemtech hopes natural source-based coating material will challenge Japanese dominanceBy Kim Yoo-chulHWASEONG, Gyeonggi Province _ The food packaging industry is at a major tipping point as consumer perceptions of product covering materials are changing and their interactions with companies are also increasing.In a recent analysis, titled “European Consumer Packaging Perceptions Survey,” over 70 percent of respondents said they are willing to pay more for environmentally-friendly packaging and actually changed the products they purchase due to concerns over harmful materials used as covering materials.Adapting to such changing perceptions requires the industry to reassess how it manufactures packaging materials and where to focus new investments. In the EU, for example, all packaging should be reused or recycled by 2030, according to the region's pursuit of switching to a circular econom

Jun 15, 2023By Kim Yoo-chul
[INTERVIEW] Eco-friendly packaging material maker hopes to shift industry paradigm

Securing enough water critical for Samsung's envisioned chip cluster in Yongin

A view of Namsa-eup in Cheoin District of Yongin City in Gyeonggi Province where Samsung Electronics will build a major semiconductor cluster. YonhapBy Baek Byung-yeulThe government tried to allay concerns, Tuesday, over possible difficulties supplying huge quantities of water to a mega-size semiconductor cluster that Samsung Electronics plans to build in Yongin, Gyeonggi Province by 2042 at a cost of 300 trillion won ($236 billion), according to officials. They say plans are being made to prepare infrastructure for water procurement, which is essential for chip production.To improve its capability in system semiconductors, Samsung, the global leader in the memory chip sector, is scheduled to begin construction of the facility in Yongin by the end of 2026.To this end, Gyeonggi Province and Samsung Electronics held a meeting on June 1 to discuss key issues such as securing industrial water and electricity, and analyzed that the semiconductor cluster will require 650,000 tons of industrial water per day. The amount is 2.5 times more than the 265,000 tons consumed by another semiconduct

Jun 13, 2023By Baek Byung-yeul
Securing enough water critical for Samsung's envisioned chip cluster in Yongin

Korea aims to tackle security threats posed by generative AI

gettyimagesbankBy Baek Byung-yeulThe government aims to come up with measures to deal with new cybersecurity threats posed by the increasing use of generative artificial intelligence (AI) services in various fields, according to the Ministry of Science and ICT, Tuesday.The ministry held a discussion session in Seoul with representatives from academia, government agencies and IT security companies to explore ways to respond to security threats from generative AI, exchange the latest information on domestic and global security threats and examine the industrial ramifications of the growing use of services such as ChatGPT, provided by U.S. AI company OpenAI, the ministry said.ChatGPT is an interactive AI service based on a language-processing AI model. It is regarded as a new technology whereby the AI learns how to generate answers by itself, processes large amounts of data simultaneously and tracks the relationship between words and data in a sentence to provide creative answers to users.Since the service's 3.5 version was unveiled last November, ChatGPT has seen unprecedentedly rapid

Jun 13, 2023By Baek Byung-yeul
Korea aims to tackle security threats posed by generative AI

UAE royal delegation visits Naver to experience tech convergence

Sheikh Saud Sultan bin Mohammed Al Qasimi of Sharjah Emirates shakes hands with a robot at Naver's 1784 headquarters in Seongnam, Gyeonggi Province, Monday. Courtesy of NaverBy Baek Byung-yeulA delegation from the United Arab Emirates (UAE), led by Sheikh Saud Sultan bin Mohammed Al Qasimi of the Sharjah Emirates, visited a high-tech building owned by global tech platform Naver in Bundang south of Seoul, as the Middle Eastern country explores the possibility of cooperating with Korea on digital transformation and infrastructure building at the national level, the company said Monday.The visit comes as Naver reaches out to Middle Eastern countries to export high-tech products such as robots, artificial intelligence (AI), autonomous driving, cloud computing, digital twin and 5G communication as part of the Korean company's overseas expansion strategies.Naver said the delegation's visit holds particular significance, since the sheik also heads the Sharjah Digital Office. Sharjah is the third-largest emirate in the UAE.The members of the royal delegation toured the 1784 building and got

Jun 12, 2023By Baek Byung-yeul
UAE royal delegation visits Naver to experience tech convergence

Kakao's AI arm appoints new CEO

Kim Byung-hak, co-CEO of Kakao Brain / Courtesy of Kakao BrainBy Baek Byung-yeulKakao Brain said Monday that the company will be run by two CEOs, as the artificial intelligence (AI) arm of Kakao appointed its AI taskforce team leader Kim Byung-hak as CEO who will work with incumbent CEO Kim Il-doo.The company said it held a shareholders meeting to name Kim as co-CEO in a bid to develop hyperscale AI language and vertical AI service models.The new CEO has over 20 years of research experience in the AI search sector. From 2013 to 2017, he was the head of Kakao's applied analytics taskforce team, search team and recommendation team. Since February 2017, he has led Kakao's AI division, and since last April he has been leading the AI taskforce team. Starting with this structural change, Kakao will combine its all AI capabilities into Kakao Brain. The incumbent CEO will continue to lead the global pioneering research and hyperscale AI model building business that Kakao Brain has been conducting. The new CEO, who has experience in building successful business models, will be responsible for

Jun 12, 2023By Baek Byung-yeul
Kakao's AI arm appoints new CEO

Domestic tech firms struggle to develop generative AI fluent in Korean

Naver Cloud CEO Kim Yoo-won introduces the company's upgraded hyperscale artificial intelligence service called HyperCLOVA X, during DEVIEW 2023 conference at COEX in Seoul in this Feb. 27 file photo. Courtesy of NaverBy Park Jae-hyukKorean IT firms, mobile carriers, gaming companies and others are competing fiercely to come up with better generative artificial intelligence (AI) services in line with the global competition sparked by OpenAI's development of ChatGPT, according to industry officials, Thursday.Admitting their technology is still inferior to those of U.S. tech giants like Microsoft and Google, Korean companies are focusing more on attracting domestic users by providing AI services fluent in Korean.Naver plans to launch SearchGPT by the end of this year by integrating its search engine with a hyperscale AI service called HyperCLOVA, which specializes in Korean. The new service is intended to support optimized searches for each user, according to the tech firm. In July, the company will unveil an upgraded hyperscale AI service called HyperCLOVA X.“To create a competi

Jun 9, 2023By Park Jae-hyuk
Domestic tech firms struggle to develop generative AI fluent in Korean
  • OpenAI explores investment opportunities in Korean startups: Sam Altman

Korea should pursue leadership in global AI market: experts

gettyimagesbankKorean IT companies going in right directionBy Baek Byung-yeulKorea is urged to enhance its competitiveness in the field of generative artificial intelligence (AI) amid expectations that generative AI services such as OpenAI's ChatGPT will be game-changers for the IT industry and more broadly, experts said.They say the generative AI service has already become an irresistible trend, saying the country's competitiveness in the sector is not outstanding but also not completely behind leaders such as OpenAI, Google and Microsoft.Korea's AI companies are already implementing strategies to enhance their competencies with major firms such as Naver, Kakao and LG aiming to launch generative AI services. Smaller companies unable to afford development costs are utilizing existing generative AI services to create their own, the experts added.Since OpenAI's ChatGPT was unveiled last November, the field of AI services has seen explosive attention around the world. Many people use the innovative technology simply for kicks or to ask for help in various subjects, including computer so

Jun 9, 2023By Baek Byung-yeul
Korea should pursue leadership in global AI market: experts
  • OpenAI explores investment opportunities in Korean startups: Sam Altman

OpenAI explores investment opportunities in Korean startups: Sam Altman

Sam Altman, co-founder and CEO of OpenAI, speaks during a meeting with startup leaders and journalists in Korea at 63 Square in Yeouido, Seoul, Friday. Korea Times photo by Shim Hyun-chul 'Father of ChatGPT' visits Korea to share thoughts on AI industryBy Baek Byung-yeulSam Altman, co-founder and CEO of U.S.-based artificial intelligence (AI) technology company OpenAI, is very interested in Korean startups developing services using his company's generative AI platform ChatGPT, he said Friday, adding the U.S. firm would like to collaborate more with them in many areas.“We love to support people building on our platform. Some of our team here today is happy to help with that. We're exploring investing more in Korean startups. And we'd be very excited to explore joint chip corporations to develop AI accelerators,” Altman said during a meeting with 130 local startup leaders and journalists here at the 63 Square in Yeouido, Seoul.“We would be delighted to host Korean sta

Jun 9, 2023By Baek Byung-yeul
OpenAI explores investment opportunities in Korean startups: Sam Altman
  • Domestic tech firms struggle to develop generative AI fluent in Korean
  • Korea should pursue leadership in global AI market: experts

OpenAI CEO visits Korea as country seeks to encourage AI development

OpenAI's CEO Sam Altman gestures while speaking at University College London as part of his world tour of speaking engagements in London, on May 24. AP-YonhapOpen AI Chief Executive Sam Altman is set to meet with Korean President Yoon Suk Yeol and about 100 local startups on Friday, as the country seeks to encourage domestic competitiveness in artificial intelligence.After crisscrossing Europe last month meeting lawmakers and national leaders to discuss the prospects and threats of AI, Altman has travelled to Israel, Jordan, Qatar, United Arab Emirates, India and Korea - all this week.Korea is one of few countries that has developed its own foundation models for artificial intelligence in a field dominated by the United States and China, thanks to local tech firms such as Naver, Kakao, and LG .The firms are seeking ways to tap niche or specialised markets that have not yet been addressed by big tech in U.S. or China.Naver said it has been keen to develop localised AI applications for countries with political sensitivities in the Middle East as well as for non-English speaking countri

Jun 9, 2023
OpenAI CEO visits Korea as country seeks to encourage AI development

Dyson launches larger, quieter air purifier

Dyson's new air purifier Big+Quiet Formaldehyde / Courtesy of Dyson KoreaBy Baek Byung-yeulDyson launched a new air purifier Big+Quiet Formaldehyde that can quietly purify air in large spaces, the company's Korean branch said Thursday.The company said the new product is designed to utilize the phenomenon of cone aerodynamics to blow purified air to over 10 meters away.Dyson's Formaldehyde range of air-purifying products is able to remove the toxic substance of the same name from household air. Large-sized air purifiers typically blow air upward, but the company said it applied cone aerodynamics, a low-pressure air delivery system, to improve product performance. The product's angle can be selected from zero, 25 or 50 degrees, the company said.In addition to its powerful blowing power, the product produces only 56 decibels of sound pressure at full airflow, making it the quietest and most powerful Dyson air purifier ever, the company said.Through the company's unique algorithms, the product cross-validates data in seconds, analyzes air at the molecular level and automatically detects

Jun 8, 2023By Baek Byung-yeul
Dyson launches larger, quieter air purifier
previous page
171172173174175
next page

Most Read in Business