Latest news
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LG Electronics uses post-quantum cryptography technology for vehicle cyber security
SEOUL -- In the era of connected cars, the importance of cybersecurity is increasing. LG Electronics will raise the cybersecurity competitiveness of its vehicle component business using post-quantum cryptography (PQC) technology, which refers to cryptographic algorithms that are thought to be secure against an attack by a quantum computer. LG Electronics will develop a prototype of an in-vehicle infotainment system using PQC technology that does not require separate network infras
October 5, 2022 -
SK hynix uses homemade neon gas in semiconductor production through localization
SEOUL -- SK hynix, a major memory chip producer in South Korea, has expanded the proportion of homemade neon gas to 40 percent in semiconductor production since a localized facility was completed in early 2022 to preemptively address the risk of supply and demand instability. The company will fully use domestic neon by 2024. Neon is a raw material for excimer laser gas which is used in semiconductor photolithography, a process of engraving electronic circuits on silicon wafers usi
October 5, 2022 -
LG Chem's bio-balanced PVC used for production of luxury vinyl tiles
SEOUL -- Nox, a flooring company in South Korea, will produce luxury vinyl tiles for high-performance commercial and residential flooring using bio-balanced polyvinyl chloride (PVC), or simply known as vinyl, produced by LG Chem with biomaterials such as renewable waste oil and palm by-products. PVC is a high-strength thermoplastic material that is replacing traditional building materials due to its versatile properties, such as lightweight, durable, low cost and easy processabili
October 5, 2022 -
LG Uplus releases small 5G USB dongle for use at smart factories, drones and small robots
SEOUL -- LG Uplus, a mobile carrier in South Korea, has worked with Hucom Wireless, a domestic telecom equipment company, to unveil a small and lightweight 5G USB dongle that can be used in various industrial sites such as smart factories and smart ports. The new product equipped with a small but efficient fan is smaller than any wireless router products released so far. A dongle is a small piece of computer hardware that connects to a port on another device to provide it with addit
October 4, 2022 -
Stradvision aims to expand business beyond autonomous driving and driving assistance
SEOUL -- Stradvision, an innovator in vision processing technology for autonomous vehicles and advanced driver assistance systems, aims to expand its business beyond autonomous driving and driving assistance to all industries where vision AI can be applied. Vision AI trains computers to replicate the human vision system and enables digital devices to identify and process objects in images and videos. Stradvision's deep learning-based software solution, SVNet an object recognit
October 4, 2022 -
Busan demonstrates stereoscopic media system capable of transmitting 2D and 3D content together
SEOUL -- The demonstration of stereoscopic media service technology that enables users to select two-dimensional or three-dimensional content has been successfully conducted in South Korea's southern port city of Busan. After test broadcasting, Busan aims to commercialize the service by 2025 which would allow users to select 2D or 3D content depending on their preference. Busan has tied up with the Electronics and Telecommunications Research Institute (ETRI) to demonstrate a use
October 4, 2022 -
Hyundai Glovis acquires U.S. vehicle auction dealer GEAA to expand global business
SEOUL -- Hyundai Glovis, the logistics wing of South Korea's Hyundai auto group, acquired Greater Erie Auto Auction (GEAA), a U.S. dealer in vehicle auction, to turn it into an online-oriented auction house by gradually introducing digital technologies such as a multi-channel network auction system and augmented reality. GEAA would be Hyundai Glovis' wholly-owned subsidiary, but financial terms were not disclosed. Utilizing its geographical advantages, ease of use, and ch
October 4, 2022 -
Samsung Electronics discloses plans for mass production with 1.4-nanometer process technology in 2027
SEOUL -- In a strategy to strengthen its foundry business in competition with Taiwan Semiconductor Manufacturing Company (TSMC), Samsung Electronics has confidently disclosed a goal to mass produce advanced semiconductors with 1.4-nanometer (nm) process technology in 2027. There has been no commitment yet from TSMC to 1.4nm chips. A semiconductor fab or known as a foundry operates for the purpose of fabricating the designs of other companies, such as fabless semiconductor companie
October 4, 2022 -
Naver acquires U.S. social ecommerce marketplace Poshmark to secure commerce competitiveness
SEOUL -- Naver, a top web portal operator and IT company in South Korea, will acquire 100 percent and management rights of Poshmark, a leading social ecommerce marketplace in North America, for $1.6 billion to secure commerce competitiveness by proactively responding to the global C2C (consumer to consumer) market, which is evolving into a vertical platform. The deal including Poshmark's cash holdings of $580 million is to close by the first quarter of 2023, Naver said in a re
October 4, 2022 -
No hurry in selling HMM to new company, not foreign company or private equity fund
SEOUL -- HMM, a major shipping company controlled by creditors in South Korea, has seen brisk performances, heightening expectations about its normalization before being sold to a new private owner. However, policymakers took a cautious stance over its sale which emerged as a buzzword after Hanwha Group was picked as the potential owner of a major shipyard controlled by a state policy bank. "There is no need to sell HMM right now like Daewoo Shipbuilding & Marine Engineeri
September 30, 2022
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Seoul aims to revitalize Han River into leisure, tourism hub
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Education startup Mathpresso makes TIME's top edutech company list
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Vietnamese schools adopt AI-based Korean learning platform
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VISUALS: Premier electric vehicle fair underway in Seoul
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HYBE takes legal action against NewJeans agency CEO amid management control feud
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Korea reports world's first demonstration of integrated operation of urban air mobility systems
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SNU professor to spearhead Korea's inaugural space agency
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HD Hyundai establishes new headquarters for marine energy businesses
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Video streaming services in Korea sharply raise subscription fees
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Korea launches first nanosatellite in New Zealand