Toyota Motor Corporation and Hyundai Motor Group are set to deepen their collaboration in future mobility technologies, with a key meeting scheduled later this month between their respective leaders. Toyota Chairman Akio Toyoda will visit South Korea to join Hyundai Motor Chairman Chung Eui-sun at a joint motorsport event, the “Hyundai N x TOYOTA GAZOO […] The post Accelerating Collaboration: Toyota and Hyundai’s Joint Venture in Future Mobility appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform ..read more

South Korea’s telecommunications regulator, the Korea Communications Commission (KCC), has warned Google and Apple of potential fines totaling up to $50.5 million for allegedly misusing their dominant positions in the app market. The KCC claims that both tech giants have compelled app developers to use specific payment methods and have caused unjust delays in the […] The post KCC Warns Google and Apple of Potential Fines for Misusing Market Dominance appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform ..read more

The South Korean government has initiated an emergency on-site inspection of Kakao, the operator of the country’s leading mobile messenger service, KakaoTalk, following repeated disruptions this year. Officials from the Ministry of Science and ICT dispatched a team of software and network experts to Kakao’s headquarters in Pangyo, just south of Seoul, to evaluate the […] The post Gov’t Launches Emergency Inspection of Kakao After Repeated Service Outages appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform ..read more

South Korea’s SK Telecom has partnered with Nokia to advance AI-based fiber sensing technology. The two companies signed a memorandum of understanding (MOU) to commercialize this wired network technology, aiming for nationwide deployment in South Korea by 2024. This collaboration will leverage AI to monitor and detect environmental changes around optical cables, helping to maintain […] The post SK Telecom and Nokia Partner to Roll Out AI-Powered Fiber Sensing Nationwide appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform ..read more

SK On, a subsidiary of SK Innovation, disclosed that it would raise 1 trillion won (approximately $755 million) through a rights offering via a third-party allotment, issuing 18,031,337 common shares. It represents 3.7% of its total issued shares. The capital increase is part of company’s effort to improve its financial structure. Following a prolonged period […] The post SK On Secures $755 Million Through Rights Offering as EV Battery Market Slows appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform ..read more

South Korea’s Fair Trade Commission (FTC) has imposed a fine of 72.4 billion won ($54.9 million) on Kakao Mobility, the country’s largest taxi-hailing service provider, for allegedly abusing its market dominance. The regulator has also filed a complaint against Kakao Mobility with prosecutors, accusing the company of violating competition laws.  Kakao Mobility, which controls 96% […] The post FTC Imposes 72.4 Billion Won Fine on Kakao Mobility Over Antitrust Violations appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform ..read more

LG Energy Solution recently held its Battery Tech Conference (BTC) in Seoul to attract top talent in the battery industry. The event, which took place at LG Science Park on Friday, featured a select group of 30 job seekers with advanced degrees, including master’s and doctorate holders.  During the conference, LG Energy Solution’s top executives […] The post LG Energy Solution Targets Industry Leaders at Seoul Battery Tech Conference appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform ..read more

SK Hynix shares jumped over 9% on Thursday morning after the company announced the commencement of mass production of a 12-layer high-bandwidth memory (HBM) chip. This new product, known as HBM3E, has a capacity of 36GB, making it the largest existing HBM2 chip available. The company aims to deliver these advanced memory chips to customers, […] The post SK Hynix Launches 12-Layer HBM3E Chip, Shares Surge Over 9% appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform ..read more

Naver Corp., South Korea’s leading online platform, partnered with the Saudi Data & AI Authority (SDAIA) to collaborate on developing an Arabic large language model (LLM). This agreement also includes joint efforts to advance cloud computing and robotics technologies. The MOU was signed on Tuesday during the Gain Summit 2024, a global AI event hosted […] The post Naver Partners with SDAIA to Develop Arabic Large Language Model and Enhance AI Technologies appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform ..read more

Naver, one of South Korea’s leading tech companies, has received its first corrective order from the government for inadequate measures to prevent service disruptions. This follows a similar action taken against Kakao and stems from a follow-up inspection under the revised Basic Act on the Development of Broadcasting and Communications, often referred to as the […] The post Government Inspects Naver, Calls for Better Disaster Management appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform ..read more