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Thu, December 7, 2023 | 21:48
Generative AI startups come together to expand ecosystem
Local startups specialized in generative AI gathered together to launch the Generative AI Startup Association (GAISA), which will create an ecosystem for domestic companies and explore collaboration opportunities in the emerging sector, they said Monday.
LG Chem to build LFP cathode plant with Huayou in Morocco
LG Chem agreed to build an LFP (lithium-phosphate-iron) cathode material plan with China’s Huayou Group in Morocco, which has a free trade agreement with the U.S., to mass produce cathode materials from 2026, the Korean company said Sunday.
Samsung, SK relieved by revised chip restrictions on China
Samsung Electronics and SK hynix appear to be breathing a sigh of relief over the U.S. CHIPS and Science Act’s guardrails as the regulation, which aims to restrict China’s chip development technology, limits the expansion of advanced semiconductor production capacity to no more than 5 percent in China, according to industry officials and experts, Sunday.
JTI Korea joins Jongno clean-up
Figure 1Employees of Japan Tobacco International (JTI) Korea pose after completing a community clean-up activity in downtown Seoul, Sept. 14. The company said Tuesday that about 40 employees joined the half-day volunteer activity, walking around central Jongno District to pick up litter and sort recyclables. Courtesy of JTI Korea
LG CNS, IGIS Asset Management join hands for data center, logistics
LG CNS forged a partnership with real estate investor IGIS Asset Management to develop new businesses such as cloud data centers and micro fulfillment centers (MFCs), the company said Wednesday.
Merck emphasizes digitalization in semiconductor market
Merck, a German science and technology company, noted that the semiconductor industry should embrace AI and machine learning for digital transformation, according to its Korean unit Wednesday.
Korea Ginseng Corp. opens R&D center for future growth
Korea Ginseng Corp. (KGC) opened an R&D center in Gwacheon, outer Seoul, to enhance its research capabilities and secure competitiveness in the fierce health and functional food market, the company said Wednesday.
IBM seeks to offer enhanced AI service to enterprises with Watsonx
IBM introduced its generative AI platform Watsonx to corporate customers and professionals here, explaining that the platform makes it easier for customers to utilize generative AI, the country general manager of its Korean unit said, Tuesday.
Samsung Biologics inks $242 mil. CMO deal with BMS
Samsung Biologics signed a $242 million contract manufacturing organization (CMO) deal with global pharmaceutical giant Bristol-Myers Squibb for the production of immuno-oncology drugs, the drug manufacturer said Monday. Samsung said the production agreement was made with BMS' subsidiary Swords Laboratories. Under the contract, its Plant 4 will serve as the production base fo...
LG CNS to promote AI robotics biz for logistics
LG CNS is strengthening its robot operation platform business after forging a partnership with AI-based XYZ Robotics, the Korean company said Monday. The LG Group affiliate said it signed a memorandum of understanding (MOU) with XYZ Robotics, Sept. 11, as part of efforts to enhance its competitiveness in the robot-related business.