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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.

Desire to use AI outweighs job insecurity fears: Microsoft

Lee Ji-eun, CEO of Microsoft Korea, speaks during a press conference at the company's headquarters in Seoul, Wednesday. Courtesy of Microsoft KoreaBy Baek Byung-yeulMany people are worrying that artificial intelligence (AI) will lead to job insecurity, but at the same time, they also want to hand over as much work as possible to AI so as to reduce their workloads, Microsoft Korea said Wednesday.Microsoft shared its findings from its annual report, the 2023 edition of the Work Trend Index, which is based on a survey of 31,000 people from 31 countries including Korea. The index showed a workplace revolution of AI services coming to the fore for a growing number of people, the company said.While 59 percent of respondents said they fear losing their jobs due to AI, 70 percent said they plan to hand over as many tasks as possible to AI. They also said that they would use AI not only for administrative tasks, but also for analytical and creative tasks too.This trend was also similar among group leaders, Microsoft said. When they were asked about the benefits of AI in the workplace, 31 perc

May 10, 2023By Baek Byung-yeul
Desire to use AI outweighs job insecurity fears: Microsoft

Korea needs to diversify chips portfolio to address industry cycle: KDI

A 10 percent decrease in exports of semiconductors leads to a 0.78 percent drop in Korea's gross domestic product (GDP), the Korea Development Institute also said in its report, pointing out the country must maintain a stable chip portfolio to cope with uncertainties. GettyimagesbankKorea needs to diversify its chip portfolio as its heavy dependence on memory chips has made the country more vulnerable to the industry's cycle, a state-run think tank said Wednesday.A 10 percent decrease in exports of semiconductors leads to a 0.78 percent drop in Korea's gross domestic product (GDP), the Korea Development Institute also said in its report, pointing out the country must maintain a stable chip portfolio to cope with uncertainties.Memory chips accounted for 63.8 percent of Korea's outbound shipments of semiconductors in 2022, although the sector takes up around 30.5 percent of the global chip market, the KDI added."While the share of the memory sector in the global chip market is only a third of non-memory chips, it tends to show a significant price volatility, leading the recent downcycl

May 10, 2023
Korea needs to diversify chips portfolio to address industry cycle: KDI

6G era kicks off in Incheon with personal aerial vehicle tests over western islands

Incheon Mayor Yoo Jeong-bok, second from right, looks at a personal aerial vehicle (PAV) in front of the city hall, Monday, when the city government agreed to jointly develop 6G technologies for PAVs with state-run companies. Courtesy of Incheon Metropolitan CityBy Ko Dong-hwanKorea's westernmost islands of Ongjin County in Incheon have become a test bed for the country's first 6G-based personal aerial vehicles (PAV), making the city a front-runner in the future technology.Incheon slated the initiative on Monday after seven parties joined a signing ceremony in front of the city hall. The parties included the Electronics and Telecommunications Research Institute (ETRI), the Incheon Free Economic Zone, the Incheon Housing and City Development Corp., Incheon Techno Park, the county office of Ongjin, and Soomvi, an Incheon-based drone developer.It is the first time in the country that official testing of 6G technologies has been carried out with the support of a metropolitan government.6G telecommunication technologies are expected to deliver data at or under the speed of 1 terabyte per

May 10, 2023By Ko Dong-hwan
6G era kicks off in Incheon with personal aerial vehicle tests over western islands

Korea, Saudi Arabia sign MOUs for mobility, road projects

Minister of Land, Infrastructure and Transport Won Hee-ryong, right, shakes hands with his Saudi Arabian counterpart Saleh bin Nasser Al Jasser, after signing memorandums of understanding (MOUs) on cooperation on future mobility and transport at Four Seasons Hotel Seoul in downtown Seoul, Tuesday. YonhapKorea and Saudi Arabia signed two initial agreements on Tuesday for future mobility and roads, the transport ministry said, in the latest move to boost cooperation between the two countries.The memorandums of understanding call for cooperation in the future of mobility and innovation in the transport and logistic services sectors as well as in the field of roads, according to the Ministry of Land, Infrastructure and Transport.The move came as Minister of Land, Infrastructure and Transport Won Hee-ryong met with his Saudi Arabian counterpart, Saleh bin Nasser Al Jasser, at the second South Korea-Saudi Arabia Mobility and Innovation Road Show in Seoul."In the road show, Korean companies will promote their advanced and innovative technologies when it comes to infrastructure construction,

May 9, 2023
Korea, Saudi Arabia sign MOUs for mobility, road projects

Korea to offer tax benefits on investment in EV sector

The move came after the parliament passed a bill to offer a tax credit rate of 15 percent on facility investment in strategic industries, including chips, higher than the previous rate of 8 percent. GettyimagesbankKorea's finance ministry said Tuesday the government will expand support on the electric vehicle (EV) sector under a new tax code that centers on lending hands to strategic industries amid ailing exports and economic uncertainties.The move came after the parliament passed a bill to offer a tax credit rate of 15 percent on facility investment in strategic industries, including chips, higher than the previous rate of 8 percent. The rate for small and midsized businesses also rose from 16 percent to 25 percent. An additional 10 percent cut will also be applied for the increased amount of investments compared with the average of the previous three years.The decision to offer tax benefits to the EV industry came as automobiles have recently emerged as a new growth engine for Korea's exports, which has been hit hard by global economic uncertainties."While exports of major sectors

May 9, 2023
Korea to offer tax benefits on investment in EV sector

German chip company Infineon unveils new automotive chips

Choi Jae-hong, senior director of Infineon Technologies Korea, speaks during a press conference at Lotte Hotel World in Seoul, Tuesday. Korea Times photo by Baek Byung-yeulBy Baek Byung-yeulInfineon Technologies, a Germany-based semiconductor company specializing in automotive chips, announced a new low-power double data rate (LPDDR) flash memory chip for vehicles, Tuesday.With low- and high-performance, LPDDR chips have been increasingly used not only in mobile devices but also in a variety of applications including servers, high-performance computing and vehicles.Infineon's SEMPER X1 is the automotive industry's first LPDDR flash memory chip, featuring an LPDDR4 interface that operates at speeds of up to 3.2 gigabytes per second. Compared to NOR flash memory chips, the new chip is eight times faster. Using this memory in vehicles enables advanced features with better safety and flexibility, Infineon said.Linus Wong, director of product management at Infineon Technologies, speaks during a press conference at Lotte Hotel World in Seoul, Tuesday. Korea Times photo by Baek Byung-yeulAs

May 9, 2023By Baek Byung-yeul
German chip company Infineon unveils new automotive chips

Naver to launch HyperCLOVA X AI service to rival ChatGPT

Naver CEO Choi Soo-yeon / Courtesy of NaverQ1 operating profit rises 9.5% to $254 millionBy Baek Byung-yeulNaver will launch a hyperscale artificial intelligence (AI) service called HyperCLOVA X this summer, taking a cue from the explosive popularity of generative AI services like OpenAI's ChatGPT, according to its CEO, Monday.“To create a competitive domestic hyperscale AI ecosystem, we will launch the next generation of hyperscale AI HyperCLOVA X this summer,” Choi Soo-yeon, CEO of Naver, told investors during a conference call after releasing the company's first-quarter earnings results.“HyperCLOVA X is the world's third-largest Korean language learning model and the first in Korea,” the CEO said. “HyperCLOVA X delivers high performance at more than a quarter of the cost of other service providers, while still being able to understand images and speech. It can answer questions with calculators, maps and other functional APIs (application programming interfaces).”Naver has said it has been developing its own generative AI service. While ChatGPT a

May 8, 2023By Baek Byung-yeul
Naver to launch HyperCLOVA X AI service to rival ChatGPT

Nuri rocket to carry multi-purpose satellites when launched on May 24

The Nuri space launch vehicle is seen at Naro Space Center in Goheung, South Jeolla Province, May 3. Courtesy of KARIBy Baek Byung-yeulGOHEUNG ― Preparations for the third launch of the Nuri rocket, scheduled for May 24, are smoothly underway at the Naro Space Center in the southwestern county of Goheung, according to the Ministry of Science and ICT and Korea Aerospace Research Institute (KARI), May 3.Given the first and second launches were test flights, they said that the May 24 launch is significant in that Nuri will carry out the mission of placing eight satellites that are to be utilized for scientific research purposes into space orbit.In its first launch on October 21, 2021, the Nuri rocket, also known as Korean Space Launch Vehicle II (KSLV-II), failed to place a dummy satellite into orbit.However, its second launch on June 21, 2022, saw Nuri successfully place a dummy satellite and a performance verification satellite into a low orbit of 700 kilometers above the Earth, making Korea the seventh nation in the world to launch a space rocket using domestically developed technolo

May 7, 2023By Baek Byung-yeul
Nuri rocket to carry multi-purpose satellites when launched on May 24

Last-minute preparations under way for Nuri's launch

This undated photo provided by the Korea Aerospace Research Institute (KARI) shows the lower stages of Korea's first homegrown rocket Nuri at the Naro Space Center in Goheung, South Jeolla Province. YonhapOfficials and researchers from Korea's state-run space institutions, universities and companies have begun last-minute preparations for a mission to put practical satellites into orbit for the first time.Korea's homegrown space rocket Nuri is ready to be loaded with eight payloads and its lower stages have been completed for its scheduled launch on May 24 at the Naro Space Center in the country's southern coastal village of Goheung.Nuri, also known as KSLV-II, is the core part of Korea's 1.9 trillion-won ($1.44 billion) project to launch 1.5-ton satellites into a low Earth orbit by its own space rocket between 2010-2023.In 2021, Nuri successfully flew to its target altitude of 700 kilometers but failed to put a dummy satellite into orbit, as its third-stage engine burned out earlier than expected. On its second attempt in 2022, Nuri successfully completed its flight sequence and dep

May 7, 2023
Last-minute preparations under way for Nuri's launch

Krafton strives to root out Chinese copycat in US

An image of Krafton's online shooting game “PUBG: BATTLEGROUNDS” / Courtesy of KraftonCH Kim, CEO of Krafton / Courtesy of KraftonBy Baek Byung-yeulA hearing has begun on a lawsuit filed in a U.S. court in 2020 by Krafton, a Korean game company, accusing Chinese game maker, NetEase, of infringing on the copyright of the popular multiplayer online battle game, “PUBG: BATTLEGROUNDS,” according to industry officials, Thursday.The two companies have been locked in a legal battle since 2018 over intellectual property (IP) infringement of Krafton's BATTLEGROUNDS.Krafton filed a lawsuit in the U.S. against NetEase in May, 2018, alleging that the Chinese game company released the games, “Knives Out” and “Rules of Survival,” which infringed on the Korean company's copyright.In March of the following year, the two sides agreed on a settlement. However, the second round of litigation between the two sides began in March 2020 as Krafton filed a new lawsuit claiming that the Chinese company had breached the settlement agreement.After Krafton obtaine

May 4, 2023By Baek Byung-yeul
Krafton strives to root out Chinese copycat in US
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