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Biz & Tech

Tue, June 15, 2021 | 19:46

LG, Hyundai to unveil Indonesia joint venture plan next week

LG's battery manufacturing unit and Hyundai Motor will unveil a joint venture in Indonesia in early June, sources said Tuesday. The two companies have been in discussion with Indonesian authorities for years, and Indonesian Investment Minister Bahlil Lahadalia appears to have visited Seoul for final arrangements before plans for the venture are announced.

2021-05-25 16:40

Gov't to announce new museum plan for late Samsung chief's artworks

The government plans to make a decision by next month on the construction of a new museum to house donations from the late Samsung Chairman Lee Kun-hee's vast art collection, officials at the culture ministry said Monday.

2021-05-24 20:25

Telecom stocks on rally amid looming key rate hike

Telecom stocks are rallying as investors are flocking back to value stocks amid concerns of a looming U.S. key rate hike. Value stocks are typically mature businesses with relatively stable earnings, with many paying dividends. Investors opt for value stocks over growth stocks in periods of inflation as they tend to perform better.

2021-05-24 16:38

Naver's US webtoon CEO recognized by Variety magazine

The chief of Naver's global webtoon platform's U.S. arm was recognized by Variety magazine as a “key player in the intersection of technology and creativity.” Webtoon Entertainment CEO Ken Kim was included in the list of 37 figures in the U.S. entertainment publication's first "Silicon Valleywood Impact Report" released last week. Korea's No. 1 internet portal launched Webtoo...

2021-05-24 15:49

Korea's top 4 groups eyeing greater presence in US market

Korea's top conglomerates are set to play a larger role in the U.S. supply chain for key sectors including semiconductors and electric vehicles (EVs), after promising to invest around $40 billion to establish manufacturing plants and related infrastructure in the coming years. This is an achievement for President Joseph Biden's administration which is seeking to secure critic...

2021-05-23 16:32

KT, KAIST to jointly set up AI research institute this year

KT, one of the country's leading telecom operators, and the Korea Advanced Institute of Science and Technology (KAIST), will jointly set up a research institute for artificial intelligence (AI) and software development by the end of the year, KT announced Sunday. It said the two sides accordingly signed an agreement for business cooperation at the KAIST main campus in Daejeon...

2021-05-23 15:30

Google to open first physical store in New York this summer

Alphabet's Google said on Thursday it would open its first physical store in New York City this summer, mirroring a retail approach that has helped Apple rake in billions of dollars in the last two decades.

2021-05-21 12:11

Retirement of Internet Explorer announced

Microsoft said it is retiring Internet Explorer, the browser it created more than 25 years and which is now largely abandoned as people instead use competitors like Google's Chrome or Apple's Safari.

2021-05-21 11:41

Microsoft to unplug Internet Explorer as it seeks edge in browser war

Microsoft is pulling the plug on its once omnipresent browser, Internet Explorer, next year as it prepares to battle market leader Chrome with its slicker Edge browser. Launched in 1995, Internet Explorer became the dominant browser for over a decade as it was bundled with Microsoft's Windows operating system that came pre-installed in billions of computers.

2021-05-20 21:13

TSMC's tech advance builds pressure on Samsung

TSMC appears to be a step ahead of Samsung Electronics in the chip race as the foundry business leader claims to have succeeded in mass producing semiconductors using ultra-thin 1-nanometer processing technology.

2021-05-20 16:59

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