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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.

Kakao views AI chatbot, SM's K-pop content as new growth engines

Kakao Agit building in Seongnam, Gyeonggi Province / Korea Times file By Park Jae-hyukKakao said Friday it will come up with a cost-effective artificial intelligence (AI) powered chatbot fluent in Korean and that it will collaborate with SM Entertainment to utilize K-pop content for the global expansion of both companies.Announcing that its annual revenue rose 16 percent year-on-year to a record 7.1 trillion won ($5.6 billion), while its operating profit fell for the first time in four years to 580.5 billion won, down 2 percent from a year earlier, the IT firm unveiled its strategies to overcome the uncertain market environment.“The appearance of ChatGPT will create both opportunities and crises for Kakao,” Kakao CEO Hong Eun-taek said in the company's conference call on its fourth-quarter earnings. “Instead of vying with global companies, we will focus on a vertical AI service utilizing Kaka

Feb 10, 2023By Park Jae-hyuk
Kakao views AI chatbot, SM's K-pop content as new growth engines

Never-satisfied attitude drives SK hynix engineers' DRAM technology innovation

Seen are members of SK hynix's LPDDR5T mobile DRAM development team, provided by the company, Wednesday. From left are Kim Hyun-seung, Kim Ki-ryong, Jeong Seung-hyun, Song Kyung-guen and Cho Sun-ki. Courtesy of SK hynixBy Baek Byung-yeulEngineers of SK hynix said Wednesday that they were able to develop LPDDR5T, the industry's fastest mobile DRAM memory chips, because they were not satisfied with the current technology and wanted to innovate it even more.The company announced in January that it developed Low Power Double Data Rate 5 Turbo (LPDDR5T) mobile DRAM, which operates at a data rate of 9.6 gigabits per second (Gbps), 13 percent faster than the previous generation called LPDDR5X, which was introduced in November 2022.SK hynix pointed out that the “T” at the end of the product name refers to “turbo” as it wants to emphasize the fast data processing speed of the memory chip. The company will begin mass production of the LPDDR5T in the second half of the year.The engineers said it was possible for them to announce the development of LPDDR5T, only about two

Feb 9, 2023By Baek Byung-yeul
Never-satisfied attitude drives SK hynix engineers' DRAM technology innovation

LG CNS offers cloud service AM Discovery

Kim Hong-geun, chief account officer of LG CNS, introduces the company's AM Discovery cloud consulting service, Wednesday. Courtesy of LG CNSBy Baek Byung-yeulLG CNS began offering AM Discovery, a service enabling its cloud computing clients to utilize the latest cloud technologies, according to the IT service arm of LG Group, Thursday. The company said it held a seminar introducing its AM Discovery service on Wednesday. AM refers to application modernization. To meet the needs of customers, the service builds and improves applications using the latest cloud technology.With the AM service, new services or products tailored to consumers' needs can be quickly reflected in their IT system. It also minimizes the risk of functional failures because only the disrupted service can be fixed separately, LG CNS said.LG CNS said its AM Discovery can solve pain points for its clients as its service includes three innovative programs including AM consulting, innovation launching and AM enablement.AM consulting is a consulting service for clients who want to use AM in their existing IT systems. AM

Feb 9, 2023By Baek Byung-yeul
LG CNS offers cloud service AM Discovery

INTERVIEW Merck's chip material head vows to bolster investment in Korea

Anand Nambiar, executive vice president and head of the Semiconductor Material Solutions and Electronics Business at Merck, poses at the company's booth during the SEMICON Korea exhibition at COEX convention center in Seoul, Feb 2. Courtesy of Merck KoreaBy Baek Byung-yeulMerck has vowed to bolster its investments in Korea's semiconductor market even though the global chip industry has been struggling with weak demand, according to the head of the company's chip materials business. The executive said the Germany-based chip materials company forecasts more applications to require more semiconductors with the development of emerging technologies relying on the internet of things (IoT), 5G and artificial intelligence (AI).“Our customers, like Samsung Electronics and SK Hynix, have announced major capacity expansions over the next decade. These capacity expansions require more equipment and more materials, meaning the semiconductor industry continues to grow,” Anand Nambiar, executive vice president and head of the Semiconductor Material Solutions and Electronics Business at

Feb 8, 2023By Baek Byung-yeul
[INTERVIEW] Merck's chip material head vows to bolster investment in Korea

Samsung, LG to nurture commercial robots as next growth engine

A visitor tries out Samsung Electronics' GEMS Hip wearable robot during the Consumer Electronics Show (CES) in Las Vegas in this January 2020 file photo. Courtesy of Samsung ElectronicsBy Baek Byung-yeulSamsung Electronics and LG Electronics are trying to capitalize on the growing commercial robot market as they plan to release new products and increase the applications of their robots. Industry officials and experts said Tuesday that their expansion into robotics has been facilitated by the development of artificial intelligence technology.LG has been expanding application cases of its CLOi service robots, providing its docent robot, delivery robot, lawn mowing robot and coffee brewing robot to various business-to-business (B2B) clients such as airports, shopping malls, schools and libraries in different countries including Korea, Japan and the United States.While LG focuses on service robots, Samsung looks to concentrate on healthcare robots such as a wearable robot that helps the wearer to walk. The tech giant has been working on developing robot products for years since it first

Feb 7, 2023By Baek Byung-yeul
Samsung, LG to nurture commercial robots as next growth engine

INTERVIEW 'Korea, US can create synergy in space industry': NASA ambassador

Paul Yun, a solar system ambassador of NASA, speaks in Houston about the U.S. space agency's candidate areas for the landing of humans on Mars by the late 2030s or early 2040s, in this 2015 file photo. Courtesy of NASASpace expert positively views Korea's Mars 2045 visionBy Baek Byung-yeulPresident Yoon Suk Yeol's ambitious vision to send a spacecraft to Mars by 2045 will be easier to achieve if Korea further strengthens cooperation with the United States, which has the world's leading space technology, according to an ambassador of the U.S. National Aeronautics and Space Administration (NASA).“NASA values international cooperation with other countries including Korea. This is because the cooperation can create synergy and technologies from other countries can greatly help NASA as well, such as increasing the success rate of space exploration. Space exploration needs to proceed in a way that can benefit both countries, and the Danuri lunar orbiter is a great success story,” Paul Yun, NASA's solar system ambassador, told The Korea Times in a recent email interview.Yun, who

Feb 7, 2023By Baek Byung-yeul
[INTERVIEW] 'Korea, US can create synergy in space industry': NASA ambassador

IBM Korea vows to focus on hybrid cloud, AI

Won Sung-shik, country general manager of IBM Korea, speaks during a press conference at its headquarters on Yeouido, Seoul, Tuesday. Courtesy of IBM KoreaBy Baek Byung-yeulIBM successfully transformed its business structure from that of a hardware business in 2022 to software solution businesses such as hybrid cloud computing and artificial intelligence (AI). This trend will continue to intensify, according to the head of its Korean unit, Tuesday. “In 2022, software service and solution businesses grew to account for 70 percent of our revenue. We plan to continue our growth this year based on a transformed business portfolio,” Won Sung-shik, country general manager of IBM Korea said during a press conference in Seoul.IBM posted sales of $60.5 billion in 2022, up 6% from a year earlier. In particular, the sales of its hybrid cloud business increased by 11 percent to $22.4 billion, indicating that the company's business structure is now centered on software-related businesses.“Customers will be unfamiliar with the change in IBM's portfolio. About 70 percent of the re

Feb 7, 2023By Baek Byung-yeul
IBM Korea vows to focus on hybrid cloud, AI

ANALYSIS New order prevails in global battery industry

U.S. President Joe Biden listens to General Motors Chief Executive Mary Barra during a visit to the Detroit Auto Show to highlight the nation's electric vehicle manufacturing, in Detroit, Mich., Sept. 14, 2022. Reuters-YonhapLGES, Samsung SDI to benefit most from consolidation By Kim Yoo-chulAfter painful exits and bankruptcies, the global memory chip market has consolidated with a three rational players ― Korea's Samsung Electronics and SK hynix and the U.S.' Micron Technology. These structural market changes are truly responsible for the memory chip segment's bullish performance over the last few years.While the sector leaders are now reporting disastrous earnings results because of lowered demand amid rising inflation, supply disruptions and rising inventory levels, these leaders are positioned to benefit greatly from improving demand and supply conditions as the overall industry will continue to recover.Key takeaways about consolidation in the memory chip market, particularly DRAMs, are: increased barriers to market entry, more diversified demand, lower-than-anticipated product o

Feb 6, 2023By Kim Yoo-chul
[ANALYSIS] New order prevails in global battery industry

Naver to roll out conversational AI service

Naver CEO Choi Soo-yeon speaks during a press conference at the company's new office building in Seongnam, Gyeonggi Province, April 13, 2022. Courtesy of NaverInternet firm posts record sales of 8 tril. won in 2022 thanks to content exportsBy Baek Byung-yeulNaver will release a conversational artificial intelligence (AI) service similar to ChatGPT within the first half of this year as part of the internet company's efforts to diversify its business portfolio, its CEO said, Friday. “We are preparing measures in response to new search trends such as generative AI. Our goal is to introduce Naver's own improved search service called SearchGPT within the first half of this year,” Naver CEO Choi Soo-yeon told investors during a conference call on fourth-quarter earnings results.She added, “We are confident that we can solve the weak points of generative AI, such as reliability, timeliness and overseas AI service inaccuracy issues caused by translating English-based models into Korean, by combining abundant user data with our technological capability.”ChatGPT is an e

Feb 3, 2023By Baek Byung-yeul
Naver to roll out conversational AI service

SEMICON Korea defies chip industry downturn

Visitors fill the venue of the SEMICON Korea exhibition held at COEX convention center in Seoul, Friday. Korea Times photo by Baek Byung-yeul Industry officials, jobseekers flock to chip exhibition to see latest trendBy Baek Byung-yeulSEMICON Korea, an annual semiconductor exhibition, has proven that the industry has unlimited growth potential despite currently being overshadowed by its worst-ever slump, as many industry officials and jobseekers filled the exhibition hall on Friday, the last day of the three-day event.Hosted by SEMI, an industry association, the event had been held online since 2020 due to the COVID-19 pandemic, but this year's SEMICON Korea came as a full-scale offline event in Seoul, featuring around 450 companies from Korea, Japan, Taiwan, Europe and the United States.The exhibition, which took place on the first and third floors of the COEX convention center, was crowded with thousands of visitors starting early in the morning. Visitors wearing

Feb 3, 2023By Baek Byung-yeul
SEMICON Korea defies chip industry downturn
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