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Regulator rejects Broadcom's 20 bln won proposal to correct unfair practices

By Kang Yoon-seungSEOUL, June 13 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to reject U.S. chipmaker Broadcom Inc.'s proposal to voluntarily correct its unfair business practices with 20 billion won (US$15.5 mil
IT

President Yoon, OpenAI CEO discuss ways to enhance AI cooperation

SEOUL, June 9 (Yonhap) -- South Korean President Yoon Suk Yeol met with Sam Altman, CEO of OpenAI, the creator of ChatGPT, the president's office said Friday, to discuss a variety of topics regarding artificial intelligence (AI) technologies.&qu
IT

OpenAI CEO Sam Altman says he's ready to invest in S. Korean startups

By Kim BoramSEOUL, June 9 (Yonhap) -- The head of U.S. artificial intelligence company OpenAI said Friday that he is ready to invest in promising startups in South Korea, where its global sensation chatbot ChatGPT has been rapidly and widely used.&q
IT

(Yonhap Interview) Hospitality solution provider Yanolja Cloud seeks digital transformation of travel industry

By Kim Na-youngSEOUL, June 8 (Yonhap) -- Hospitality solution provider Yanolja Cloud Pte. is seeking to achieve "digital transformation" of the global travel and leisure industry with its solutions, a senior executive has said.Yanolja Clo
IT

Samsung to supply automotive chips to Hyundai in 1st such deal

SEOUL, June 7 (Yonhap) -- Samsung Electronics Co. said Wednesday it will supply its latest automotive processor to Hyundai Motor Co. for the carmaker's next-generation in-vehicle infotainment systems.Samsung said the processor, the Exynos Auto V9
IT

(News Focus) Apple's Vision Pro likely to accelerate Samsung's race in XR eyewear biz

By Woo Jae-yeon SEOUL, June 7 (Yonhap) -- Samsung Electronics Co. is expected to speed up the development of virtual and augmented reality eyewear, as Apple Inc. unveiled its much-anticipated mixed-reality headset, the Vision Pro, earlier this week.T
IT

S. Korea to foster local bio industry to produce 100 tln won by 2030

SEOUL, June 7 (Yonhap) -- The South Korean government said Wednesday that it will give full support to the local biotechnology industry to raise the sector's production capacity to 100 trillion won (US$76.9 billion) by 2030 as part of its plans t
IT

Samsung to hold Galaxy Unpacked event next month in S. Korea

SEOUL, June 7 (Yonhap) -- Samsung Electronics Co. said Wednesday it will hold the summer edition of its Galaxy Unpacked event on its home turf for the first time.The South Korean tech giant said it will hold the biannual event at the Convention and E
IT

S. Korea's 5G users top 30 mln in April: data

SEOUL, June 6 (Yonhap) -- The number of smartphone users on 5G mobile networks had topped 30 million as of April for the first time since the service was commercialized in 2019, data showed Tuesday.The total number of 5G users reached 30.02 million i
IT

S. Korea pushes to boost exports of digital products like AI, metaverse

SEOUL, June 5 (Yonhap) -- The South Korean government on Monday unveiled a set of policy measures to promote exports of next-generation digital products, like artificial intelligence, metaverse and online media platforms, in a way to seek new potenti
IT

Samsung signals holding Galaxy Unpacked event in S. Korea

SEOUL, June 2 (Yonhap) -- Samsung Electronics Co. could hold the summer edition of its Galaxy Unpacked event on its home turf for the first time, a senior Samsung executive has hinted."Seoul is meaningful and important," Lee Young-hee, pr
Game

Nexon late founder's family pays inheritance tax with stocks

SEOUL, May 31 (Yonhap) -- The family of Nexon's late founder Kim Jung-ju has paid inheritance tax with shares in the game developer's holding company NXC Corp., the firm said Wednesday.NXC said in a filing that a 29.3 percent stake, or 852,00
IT

Online portal Naver's mobile page suffers brief disruption after N.K. launch

SEOUL, May 31 (Yonhap) -- Online portal Naver's mobile webpage suffered a brief service disruption Wednesday after the North Korean launch of what seemed to be a space launch vehicle.Access to Naver's mobile page was unstable or the service p
IT

(LEAD) DRAM demand forecast to outrun supply in H2: report

(ATTN: UPDATES with latest info in paras 4, 8, last 2 paras)SEOUL, May 25 (Yonhap) -- Global DRAM demand is expected to overtake supply as early as July, a recent industry report showed Thursday, in a change that would lessen pressure on semiconducto
IT

DRAM demand forecast to outrun supply in H2: report

SEOUL, May 25 (Yonhap) -- Global DRAM demand is expected to overtake supply as early as July, a recent industry report showed Thursday, in a change that would lessen pressure on semiconductor companies reeling from a chip downturn.Market research fir
IT

LG Electronics starts production of EV chargers

SEOUL, May 25 (Yonhap) -- LG Electronics Inc. said Thursday it has begun mass production of electric vehicle (EV) chargers, in a push to advance into the EV charging solutions business amid the global electrification trend.LG held a ceremony the prev
IT

(LEAD) Regulator fines mobile carriers 33.6 bln won for false ads on 5G speed

(ATTN: UPDATES with mobile carriers' reactions in last 3 paras, photo)By Kang Yoon-seungSEOUL, May 24 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has decided to fine the country's three mobile carriers a combined 33.6
IT

Regulator fines mobile carriers 33.6 bln won for false ads on 5G speed

By Kang Yoon-seungSEOUL, May 24 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has decided to fine the country's three mobile carriers a combined 33.6 billion won (US$25.4 million) for their misleading advertisements on the s
IT

HoneyNaps dreams big in digital insomnia treatment business

By Kim BoramSEOUL, May 23 (Yonhap) -- Grand InterContinental Seoul Parnas, a luxury hotel in southern Seoul, offered a special service for guests who stayed in its rooms on the 21st floor from February to April.Under the "Explore New Sleep&quo
IT

KT's content business aims to achieve 5 tln won in sales by 2025

SEOUL, May 18 (Yonhap) -- KT Corp. said Thursday it will expand its media and content business portfolio to post 5 trillion won (US$3.75 billion) in content sales by 2025 as part of its strategy to transform itself into a digital platform service pro