Korea Tech Today
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Korea Tech Today will give Latest news on Corporate Open Innovation, private equity (PE), venture capital (VC), inbound & outbound deals, IPOs, mergers and acquisitions (M&A), and corporates and startup ecosystems in Korea
Korea Tech Today
1d ago
Hyundai Motor Group announced an investment of 68 trillion won ($51 billion) over three years to support its plans in electric vehicles (EVs) and the new mobility sector.
The investment includes allocating 35.5 trillion won towards new research and development infrastructure and assembly lines for EVs. An additional 31.1 trillion won will be directed towards research and development efforts in electric vehicles, encompassing software-defined vehicles (SDVs) and battery technology.
With the investment, Hyundai aims to enhance its competitiveness and accelerate its growth by expanding the ..read more
Korea Tech Today
1d ago
LG Group, the South Korean conglomerate, announced plans to invest 100 trillion won ($74.42 billion) in the country over the next five years. The investment aims to strengthen the company’s competitiveness, with halfof the funds allocated to future technologies such as artificial intelligence (AI), eco-friendly technology, and emerging sectors like batteries, automotive components, and next-generation displays.
The investment initiative was disclosed by LG Corp., the holding entity of LG Group, during its annual shareholder meeting in Seoul.
LG Group disclosed its plan that outlines a f ..read more
Korea Tech Today
1d ago
Samsung Electronics has secured a contract with Naver to supply $752 million worth of its upcoming Mach-1 AI accelerator chips. With this agreement, both companies collaborate to strengthen their foothold in the competitive artificial intelligence (AI) market.
The contract aims to reduce Naver’s reliance on Nvidia AI chips, which face supply constraints and high costs. Naver’s announcement regarding the stability testing of Samsung Electronics’ upcoming AI inference chip, the ‘Mach-1’, showed the company’s anticipation for the technology co-developed with Samsung Electronics.
The collaboratio ..read more
Korea Tech Today
3d ago
KT Corporation, a prominent mobile carrier, is venturing into the robotics sector, seeking to capitalize on opportunities outside the realm of telecommunications. Drawing upon its extensive experience and expertise in information and communication technology (ICT), KT aims to establish a foothold in the burgeoning field of robotics.
Daedong Group‘s subsidiary focused on future agriculture, Daedong, recently partnered with KT. The agreement was centered on AI-based agricultural technology innovation and collaboration in the AI robot domain.
The collaboration between the two entities is c ..read more
Korea Tech Today
5d ago
Hanwha Aerospace, South Korea’s premier aerospace company, announced on Wednesday that it has secured the role of leading the nation’s upcoming space rocket endeavor.
The selection came following a bidding process initiated by the Public Procurement Service, which commenced in December of the previous year. Hanwha Aerospace emerged victorious after competing against Korea Aerospace Industries.
Under the government-sponsored initiative titled “Total Manufacturing of the Next-Generation Launch Vehicle Development,” Hanwha Aerospace will collaborate closely with the Korea Aerospace R ..read more
Tech Innovation Drive: South Korea to Invest $699 Million in National Intellectual Property Projects
Korea Tech Today
1w ago
South Korea has announced plans to allocate 934.1 billion won (equivalent to $698.64 million) towards national intellectual property (IP) projects in 2024. This investment aims to help the country’s innovation capabilities and enhance its competitiveness in strategic technology sectors.
Additionally, South Korea will establish a dedicated organization tasked with analyzing domestic and foreign patents related to 12 national strategic technologies. This initiative aims to support a strong IP ecosystem and leverage intellectual property for economic growth and technological advancement.
The unv ..read more
Korea Tech Today
1w ago
SK Hynix, the world’s second-largest producer of memory chips, announced on Tuesday the commencement of mass production for its latest HBM3E chips. The new chips, touted as the next-generation top-performing DRAM for artificial intelligence applications, are expected to boost SK Hynix’s dominant position in the High Bandwidth Memory market.
SK Hynix has announced plans to commence delivery of HBM3E, an extended version of HBM3, later this month, following the completion of the verification process.
The chip will be utilized alongside Nvidia’s graphics processing unit, which is scheduled ..read more
Korea Tech Today
1w ago
South Korean President Yoon Suk Yeol recently highlighted the dangers posed by fake news and disinformation fueled by AI and digital technology during a global summit hosted by South Korea. The summit brought together senior officials from various countries, including Britain, the European Union, and the United States.
Additionally, some attendees at the summit accused Russia and China of conducting malicious propaganda campaigns, shedding light on the growing concerns surrounding the spread of misinformation in the digital age.
During his address at the Summit for Democracy, President Yoon s ..read more
Korea Tech Today
2w ago
CJ Freshway Corp. and Hanwha Robotics have partnered to jointly develop food robots to enhance efficiency and working conditions in the food service sector. The collaboration was formalized through a memorandum of understanding (MOU) signed between the two companies on Thursday.
Under the agreement, CJ Freshway, a subsidiary of South Korea’s CJ Group specializing in canteen services and food ingredient distribution, will collaborate with Hanwha Robotics, a subsidiary of Hanwha Group focusing on robotics, to introduce autonomous collaborative robots into the food service value chain.&nbs ..read more
Korea Tech Today
2w ago
Samsung Electronics announced on Wednesday its integration of artificial intelligence technology into its 2024 TV lineup, aiming to rival its local competitor, LG Electronics, which dominates the OLED TV market segment.
During the Unbox & Discover 2024 event held at its headquarters in Seocho-dong, southern Seoul, Samsung unveiled its latest Neo QLED and OLED TV range, which will be available in the domestic market starting this Friday.
Samsung’s latest TV models come embedded with AI technology, a feature first introduced with its flagship Galaxy S24 smartphone series. Yong Seok-woo, pre ..read more