SK broadband and Netflix, the world’s leading online video streaming service (OTT), have settled their network usage fee litigation and agreed to a service partnership. Consequently, customers can now access Netflix content on SK telecom’s mobile and Internet Protocol TV (IPTV) platforms.While the l
LG CNS will collaborate with XYZ Robotics, an artificial intelligence-based robotics solution company, to strengthen its warehouse robotics business.LG CNS announced on Sept. 17 that it recently signed a memorandum of understanding (MOU) with XYZ Robotics at the LG CNS headquarters in the Magok area
The Arion-SMET, a multipurpose unmanned vehicle developed by Hanwha Aerospace, will undergo a performance test at a US Marine Corps training center.Hanwha Aerospace announced on Sept. 4 that it recently signed a contract on the Foreign Comparative Testing (FCT) Program with the U.S. Department of De
In response to the rapidly evolving landscape of the logistics sector, characterized by an increase in the value addition of logistics, the integration of advanced systems, and the proliferation of borderless e-commerce, Incheon International Airport is steadfast in its commitment to enhancing logis
Gureumus Co., Ltd., a pioneer in AI-based next-generation facial recognition solutions, announced that it presented its FaceTracker solution during the 2023 K-ICT WEEK in Busan, the largest integrated ICT event in the Yeongnam region, spanning from Wednesday, September 6th, to Friday, September 8th.
A TV war has heated up between two Korean home appliance giants – Samsung Electronics and LG Electronics – at IFA 2023, Europe’s largest consumer electronics and information technology show. While the two Korean TV giants are leading the premium TV market with their strong technological competitiven
In a bid to reinforce the future of smart living, industry rivals Samsung Electronics and LG Electronics are joining hands to establish a “Smart Home.” Their collaboration involves integrating both companies’ smart home platforms in the cloud to bolster interconnectivity between appliances.On Aug. 2
The key focus of the economic collaboration announced at Camp David between South Korea, the U.S., and Japan is the mitigation of “China Risk.” This cooperative effort is aimed at countering China’s growing influence in high-tech industries by jointly tackling supply chain disruptions and technologi
Huawei announced its business results for the first half of 2023 today. Overall performance was in line with forecast.In 2023 H1, Huawei generated CNY310.9 billion in revenue, with a year-on-year increase of 3.1% and a net profit margin of 15.0%. The company's ICT infrastructure business contrib
On July 28, Doosan Enerbility completed a continuous 240-hour operational test of its first domestically produced gas turbine engine with 270 MW output and initiated commercial operation at the Gimpo Combined Heat and Power Plant operated by Korea Western Power (KOWEPO). Through this achievement, KO
Hyundai Motor Group has invested US$50 million in Tenstorrent, an artificial intelligence semiconductor startup based in Canada. Hyundai Motor Group has been reinforcing its semiconductor capabilities through strategic collaborations and by establishing a new semiconductor development lab this year.
Intel’s drive to strengthen its foundry business poses a new threat to Samsung Electronics, which is in hot pursuit of TSMC. However, as a latecomer to the foundry business, it is difficult for Intel to expand its external customer volume in the short term. This makes analysts say that Intel is stil
Taihan Cable & Solution has successfully developed the world's most advanced HVDC cable.Taihan (CEO Song Jong-min) announced on August 2 that it has completed the development of a 525kV VSC (Voltage Source Converter) HVDC (High Voltage Direct Current) land cable system and obtained international
LG Energy Solution, Samsung SDI, and SK On, the three major battery manufacturers in South Korea, have achieved remarkable performance in the second quarter of this year, marking a historic milestone in quarterly revenue driven by a surge in electric vehicle sales.According to the Financial Supervis
Samsung Electronics and LG Electronics are gearing up to participate in the upcoming IAA Mobility 2023 event scheduled to take place in Munich, Germany, in early September. As these tech giants aggressively steer their businesses towards the burgeoning market of automotive electric and electronic co
U.S. chipmakers including Intel, Qualcomm, and Nvidia have reacted to U.S. President Joe Biden’s anti-China semiconductor export control policy. They have begun to speak about the news that the Biden administration is preparing additional semiconductor export control measures amid the escalating con
Chung Jae-hoon, the president of Hyundai Motor Company, discussed the company’s plans concerning electric vehicle charging during the Goodwood Festival in West Sussex, England. Following the unveiling of the first high-performance electric vehicle, the Ioniq 5 N, under Hyundai's core electrifica
Global battery companies are closely watching Europe’s growing energy storage system (ESS) market. As demand for renewable energy generation has surged due to the Russia-Ukraine war, demand for ESSs to store electric power has also grown considerably.Korean companies such as LG Energy Solution have
The global automotive industry is fiercely competing for control over vehicular software operating systems (OS). Notably, Hyundai Motor and Kia are expanding their territories by securing 10 million global users in the realm of connected car services, a cornerstone of the Software-Defined Vehicle (S
Hanwha announced on June 16 that it will participate in the Paris Airshow, which will be held at Le Bourget Airport near Paris, France, from the June 19 to 25.Hanwha Aerospace and Hanwha Systems will operate a unified exhibition hall and run the Space Zone, Air Mobility Zone, and Air Zone, gathering