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The Korea Times

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The Korea Times

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Tue, May 30, 2023 | 20:47

President pledges support for Korean chipmakers to overcome crisis

President pledges support for Korean chipmakers to overcome crisis

President Yoon Suk Yeol said Wednesday the government will make all-out efforts to help Korean chipmakers overcome the current down cycle, citing semiconductors as a “national security asset that underpins the economy.” “Semiconductors are the backbone of our economy and a national security asset,” Yoon said during his visit to an SK Siltron plant in Gumi, North Gyeongsang Pr...

Nam Hyun-woo | 2023-02-01 16:56

SK hynix reaffirms 50% cut in investments after $1.4 billion loss in Q4 2022

SK hynix reaffirms 50% cut in investments after $1.4 billion loss in Q4 2022

SK hynix reaffirms 50% cut in investments after $1.4 billion loss in Q4 2022

SK hynix suffered its first quarterly operating loss in 10 years, reiterating that the size of its annual investment will be halved this year compared to last year. During Wednesday's conference call on its fourth-quarter earnings, the chipmaker attributed its performance to falling global memory chip demand and declining product prices leading to its quarterly operating loss...

Park Jae-hyuk | 2023-02-01 14:57

President pledges support for Korean chipmakers to overcome crisis

Space industry takes off in South Jeolla Province

Space industry takes off in South Jeolla Province

June 21, 2022, marks the turning point for Korea's space industry. The KSLV-2, better known as the Nuri, is a Korean-made three-stage launch vehicle that shot through the sky of Goheung County in South Jeolla Province and successfully released a test satellite into a 700-kilometer orbit.

Ko Dong-hwan | 2023-02-01 08:45

POSCO Chemical signs $33 bil. deal to supply cathode materials to Samsung SDI

POSCO Chemical signs $33 bil. deal to supply cathode materials to Samsung SDI

POSCO Chemical said Monday it has signed a largest-ever long-term contract to supply a key component used in electric vehicle (EV) battery cells to Samsung SDI. POSCO Chemical will supply high-nickel cathodes, consisting of lithium, nickel, cobalt and aluminum, to Samsung SDI, for a 10-year period starting this year for 40 trillion won ($32.5 billion), the chemical unit of st...

2023-01-30 20:13

Hyundai Motor unveils mobility's future as mobile living space

Hyundai Motor unveils mobility's future as mobile living space

Hyundai Motor Group unveiled an animated video called “Mobile Living Space,” which it says will redefine future mobility as an organic connection mechanism between vehicles and buildings.

Lee Kyung-min | 2023-01-30 17:04

LG Innotek CEO vows to become leader in FC-BGA substrates

LG Innotek CEO vows to become leader in FC-BGA substrates

Jeong Cheol-dong, CEO and president of LG Innotek, vowed that his company will become a global leader in a next-generation semiconductor packaging substrate known as flip chip ball grid array (FC-BGA), according to the IT parts arm of LG Group, Monday. LG Innotek said it held a ceremony recently at its FC-BGA factory in Gumi, North Gyeongsang Province, to commemorate bringing...

Baek Byung-yeul | 2023-01-30 17:04

[ANALYSIS] Pandemic awakens demand for data-driven automation

ANALYSISPandemic awakens demand for data-driven automation

The COVID-19 pandemic presented an opportunity for manufacturers in global supply chain systems to embrace significant challenges. Korean conglomerates like Samsung, LG and SK groups also had to adjust to the crisis by revamping their supply chains and embracing more innovative manufacturing processes.

Kim Yoo-chul | 2023-01-30 08:25

Samsung Display ups patent management to contain Chinese rivals

Samsung Display ups patent management to contain Chinese rivals

Samsung Display is increasing its efforts to protect its patented organic light-emitting diode (OLED) technologies, aiming to contain its Chinese rivals at a time when OLEDs are increasingly used not only in smartphones but also in other devices such as tablet PCs and laptops, according to industry sources, Thursday.

Baek Byung-yeul | 2023-01-26 16:02

Samsung unveils energy-efficient air conditioners, purifiers

Samsung unveils energy-efficient air conditioners, purifiers

Samsung Electronics unveiled new air conditioners and air purifiers for its 2023 Bespoke lineup that consume less energy and provide more customized features using artificial intelligence (AI) technology, the company said Thursday. Ranging from the highest-priced Bespoke WindFree Air Conditioner Gallery to the standard model Bespoke Slim, Samsung emphasized that every floor-s...

Baek Byung-yeul | 2023-01-26 14:32

Korea to invest $982.3 mil. for energy tech development

Korea to invest $982.3 mil. for energy tech development

Korea will earmark 1.21 trillion won ($982.3 million) this year for technology development in nuclear energy, hydrogen and other energy resources, the industry ministry said Thursday.

2023-01-26 14:09

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