large-scale artificial intelligence
Scope
Date
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Robotics
POSCO DX to focus on AI-led intelligent factory systems
POSCO DX Co., an IT service arm of South Korea’s POSCO Group, will transform into an AI-enabled intelligent factory system developer to automa...
Jul 18, 2024 (Gmt+09:00)
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Pension funds
NPS commits $723 mn to MBK, 3 other managers for Korean PEs
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has hired four investment firms – MBK Partne...
Jul 15, 2024 (Gmt+09:00)
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Petrochemicals
Lotte Chemical's rating outlook cut on worsening financials
South Korea’s No. 2 petrochemicals maker Lotte Chemical Corp. has taken a hit from a lowered credit-rating outlook of the company and its majo...
Jun 28, 2024 (Gmt+09:00)
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Artificial intelligence
LG unveils Google’s generative AI-powered robot CLOi
LG Electronics Inc. on Thursday unveiled its service robot CLOi GuideBot powered by Google’s multimodal AI model Gemini to foray into the gene...
Jun 27, 2024 (Gmt+09:00)
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Artificial intelligence
LG Uplus launches generative AI ixi-GEN
South Korean major mobile carrier LG Uplus Corp. officially launched its generative artificial intelligence model ixi-GEN on Tuesday, joining its bi...
Jun 25, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean launches large offshore WTIV
South Korea's Hanwha Ocean Co. announced on Monday that it launched a large wind turbine installation vessel (WTIV), which it secured an order for f...
Jun 10, 2024 (Gmt+09:00)
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Automobiles
Tata Daewoo wins order for 130 Maxen trucks in Colombia
South Korea's Tata Daewoo Commercial Vehicle Company announced on Tuesday that signed a contract to sell 130 units of its large truck Maxen to Colom...
Jun 04, 2024 (Gmt+09:00)
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Hydrogen economy
HD Hyundai supplies large hydrogen forklifts to Korea Zink
South Korea's HD Hyundai XiteSolution announced on Monday that it deployed its four 5-ton hydrogen forklifts in Korea Zinc Inc.'s Onsan Refinery and...
Jun 04, 2024 (Gmt+09:00)
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Korean food
Daesang to scale up meal kits, kimchi production in Vietnam
Daesang Corp., South Korea’s leading food maker, said on Monday its two Vietnamese operations have each completed their second plant in the co...
Jun 03, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to unveil QLC-based NAND in H2 to lead AI storage market
Samsung Electronics Co., the world’s largest memory chipmaker, plans to unveil a new high-capacity NAND memory chip in the second half to lead...
May 22, 2024 (Gmt+09:00)
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Machinery
Korean construction machine makers set sights on India, Brazil, Mexico
South Korea’s leading construction machine makers are actively advancing into emerging markets such as India, Brazil, Mexico and Saudi Arabia,...
May 21, 2024 (Gmt+09:00)
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Artificial intelligence
Korean Air, Amazon to build AI customer center
South Korea's Korean Air Lines Co. announced on Monday that it will build an artificial intelligence (AI) contact center (AICC) platform in collabor...
May 21, 2024 (Gmt+09:00)
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Artificial intelligence
Conversational AI startup Rapeech attracts $4.4 mn investment
South Korean conversational artificial intelligence (AI) startup Rapeech announced on Sunday that it attracted an investment of 6 billion won ($4....
May 20, 2024 (Gmt+09:00)
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Future mobility
Hyundai’s JV Motional delays robotaxi commercialization, cuts jobs
Self-driving technology developer Motional decided to delay robotaxi deployments with ride-hailing companies Uber Technologies Inc. and Lyft Inc. ag...
May 09, 2024 (Gmt+09:00)
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Electronics
Samsung Electronics unveils 114-inch Micro LED
Samsung Electronics Co. announced on Tuesday that it unveiled its 114-inch Micro LED to expand its Micro LED lineup to include 89-inch, 101-inch.&nb...
May 07, 2024 (Gmt+09:00)
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IPOs
HD Hyundai Marine IPO sees strong demand from retail investors
South Korea’s HD Hyundai Marine Solution Co. has attracted billions of dollars from retail investors in subscription deposits for the ship mai...
Apr 26, 2024 (Gmt+09:00)
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Retail
Starfield launches 4th annual balloon festival with iconic character displays
Starfield, a chain of large shopping malls owned by Shinsegae, a South Korean retail company, announced on Friday that its 4th annual balloon festiv...
Apr 26, 2024 (Gmt+09:00)
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North Korea
Top US general sees changing nuclear threat from North Korea
COMMAND POST TANGO, South Korea—The top U.S. military official in South Korea said his thinking has changed on deterring North Korea’s n...
Mar 20, 2024 (Gmt+09:00)
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Electronics
LG Display to raise $971 mn in rights offering for OLED business
LG Display Co., the world’s leading manufacturer of organic light-emitting diode (OLED) panels, said on Monday it will raise 1.29 trillion won...
Mar 04, 2024 (Gmt+09:00)
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Short selling
Korean stock market volatility up since short-selling ban
The South Korean stock market has seen increased volatility and few rallies over the past three months, in sharp contrast to government hopes that i...
Feb 13, 2024 (Gmt+09:00)
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Earnings
SK Telecom gears up for AI leap in 2024
SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company this year after its...
Feb 05, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax opens integrated R&D center for bio-material
Cosmax Group, South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), announced on Monday that it has la...
Feb 05, 2024 (Gmt+09:00)
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Venture capital
SK Networks ties up with US-based Bow Capital for investments
SK Networks Co., a South Korean trading company, joined hands with Silicon Valley-based venture capital firm Bow Capital for investment cooperation,...
Jan 31, 2024 (Gmt+09:00)
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Electronics
Baidu’s AI Ernie to power Samsung Galaxy S24 in China
Samsung Electronics Co.'s latest smartphone series Galaxy S24 to be released in China will feature Baidu Inc.’s Ernie Bot artificial intellige...
Jan 29, 2024 (Gmt+09:00)
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Electronics
Carrier releases large inverter air conditioner combining AI, inverter tech
Carrier Corp. announced on Monday that it will release a large inverter air conditioner, combining artificial intelligence (AI) and inverter technol...
Jan 29, 2024 (Gmt+09:00)
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Aerospace & Defense
Korea unveils next-gen howitzer plans for defense exports
South Korea introduced plans for the development of next-generation self-propelled howitzers to its existing customers as the country aims to foster...
Jan 26, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean secures first order of year for ammonia carriers
South Korea's Hanwha Ocean Co., the world's third-largest shipbuilder, announced on Monday that it has secured a contract for two very large ammonia...
Jan 23, 2024 (Gmt+09:00)
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Artificial intelligence
Korean startup Moreh tops global large language model test
South Korean artificial intelligence tech startup Moreh Inc. said on Thursday that its large language model (LLM) topped a performance assessment by...
Jan 18, 2024 (Gmt+09:00)
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Energy
Iljin Electric secures $36 mn order for high-voltage cables in Malaysia
Iljin Electric, the integrated heavy electric device unit of South Korea's Iljin Group, announced on Tuesday that it has recently signed a contract ...
Jan 16, 2024 (Gmt+09:00)
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Artificial intelligence
Upstage's AI beats global peers in benchmark math tests
South Korean artificial intelligence tech startup Upstage said on Monday that its math-specific large language model (LLM), jointly developed with l...
Jan 08, 2024 (Gmt+09:00)
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