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Reporter : Baek Byung-yeul
Fri, January 27, 2023 | 10:58
Korea urges US Congress to revise Inflation Reduction Act
Government officials and lawmakers urged officials of the U.S. administration and Congress to support a revision to the U.S. Inflation Reduction Act (IRA), as they claimed the current bill will weaken the competiveness of Korean carmakers and electric vehicle (EV) battery makers when enacted in 2023, the trade ministry said Friday.
Kakao to beef up backup measures to prevent service disruptions caused by fire
Kakao will invest more resources to enhance its data center backup system, strengthen fire extinguishing methods and introduce other measures to prevent service disruptions in case of a fire at a data center, the company said Wednesday. During an online conference, the firm said it will innovate its safety measures through the establishment of its own data center in Ansan, Gy...
LG Innotek develops lenses for self-driving cars
LG Innotek has developed two new hybrid lenses for high-performance self-driving cars that are smaller with better price competitiveness than existing products, the company said Wednesday. The company said it developed the new lenses for its driver monitoring system (DMS) and advanced driver assistance system (ADAS). What distinguishes them is that the company cross-applied t...
Samsung, Naver to develop AI chip solutions
Samsung Electronics decided to work together with Naver, the country's top internet company, in developing artificial intelligence (AI), they said Tuesday. The two companies' goal is to develop new semiconductor solutions that will lead to innovation in the emerging AI industry and further boost the country's AI capabilities to compete with global big tech firms.
Korea, Vietnam to bolster critical materials supply chains
Korea and Vietnam agreed to increase cooperation in supply chains for minerals that are needed for IT devices and electric car batteries, eco-friendly renewable energy and textiles, according to the industry ministry, Monday. Korea's Ministry of Trade, Industry and Energy said it signed a total of three agreements with Vietnam's Ministry of Industry and Trade during a meeting...
Samsung chief picks UAE as destination of 1st trip after becoming chairman
Lee Jae-yong, chairman of Samsung Electronics, chose the United Arab Emirates (UAE) as the destination of his first overseas business trip since becoming chairman of Korea's largest conglomerate in October, according to industry sources.
SK vows to continue offshore natural gas project in Australia despite legal setback
SK E&S, a natural gas provider of SK Group, said Sunday that the company will make efforts to carry out its offshore natural gas field development project in Australia even though the Federal Court of Australia ruled in favor of the Indigenous people again in a legal appeal over the gas field involving Australian energy firm Santos. SK E&S has been participating in the Baross...
Gov't officials, lawmakers visit Washington to push for IRA revision
Government officials and a delegation from the National Assembly left for Washington, D.C. Sunday to deliver their opinions to their counterparts about the U.S. Inflation Reduction Act (IRA), which has become a risk factor for Korean companies selling their batteries and electric vehicles (EVs) in the U.S. The Ministry of Trade, Industry and Energy said Trade Minister Ahn Duk...
Hyundai Motor sets up mobility control tower
Hyundai Motor Group is accelerating its drive to become a leader in the future mobility industry, which combines eco-friendly energy-powered hardware with software. The Korean automotive giant announced its annual reshuffle of top executives on Wednesday, the biggest change of which was launching a new unit called the Global Strategy Office (GSO), which will serve as a contro...
Saudi minister visits LG CNS for smart city cooperation
Kim Hong-keun, right, vice president of LG CNS, poses with Majed Al-Hogail, minister of Saudi Arabia's Municipal and Rural Affairs and Housing at LG Science Park in Seoul, Nov. 30. LG CNS said it introduced smart city services and technologies that are based on AI, big data and cloud computing to Saudi government officials. Courtesy of LG CNS
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