Articles by Jie Ye-eun
Jie Ye-eun
yeeun@heraldcorp.com-
Samsung Electronics executives buy W1.15b worth treasury stocks
Samsung Electronics executives have been actively purchasing treasury shares to prop up the price, which has struggled to break out of the 70,000 won ($50.70) range. Six executives at the tech giant have collectively acquired 15,490 shares of the company’s stock this month, which amounts to 1.15 billion won, according to DART, the Financial Supervisory Service's electronic disclosure board, on Sunday. Park Hak-kyu, president of management support, purchased 5,500 common shares of Sams
Industry June 9, 2024
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[Innovate Korea] Future of robots depends on AI: Rainbow Robotics founder
DAEJEON -- Oh Jun-ho, founder of Rainbow Robotics and a former mechanical engineering professor at the Korea Advanced Institute of Science and Technology, underscored the future of robots lies in artificial intelligence technology. “Robots are ready to do anything, but on their own, they can’t do anything. Bringing movement to them requires human touch like programming, but in the future, AI will be able to take on that role,” he said in his speech at Innovate Korea 2024, hel
Technology June 7, 2024
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[Innovate Korea] Naver CEO affirms commitment to develop safe, sovereign AI
DAEJEON -- Naver CEO Choi Soo-yeon highlighted how sincerely the IT giant is approaching the burgeoning artificial intelligence technologies in her speech at Innovate Korea 2024, held in Daejeon on Wednesday. “AI technology is a game changer which is developing rapidly, although it also stirs up several concerns,” she said. “Naver has been sincere about AI and we’ve been putting much effort into making a perfect Korean-language AI model.” The Naver chief pointed out
Technology June 7, 2024
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KT, Microsoft forge partnership for AI push
Korean telecommunications giant KT Corp. said Tuesday it has forged a strategic partnership with Microsoft to enhance ties on artificial intelligence, among others. The new partnership, aiming at jointly developing AI, cloud and IT services tailored for the Korean market, was sealed at Microsoft’s headquarters in Redmond, Washington, on Monday, with KT CEO Kim Young-shub and Microsoft CEO Satya Nadella in attendance. With details of the partnership coming in September, this is the first
Technology June 4, 2024
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Samsung out to reclaim foldable crown
Competition in the growing foldable smartphone market is set to get fiercer. Samsung Electronics is out to regain market leadership with a new foldable phone series next month, while Chinese rivals are trying to catch up with the Korean tech giant’s market dominance in the sector. Lenovo-owned Motorola has reportedly passed the Chinese government’s certification and is expected to roll out its new flagship foldable phone, Razr 50 Ultra, within the next month, according to industry so
Technology June 3, 2024
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Naver Webtoon eyes $4b Nasdaq listing
Naver Webtoon, also known as Webtoon Entertainment in the US, has kicked off the initial public offering process, as it filed a registration statement with the US Securities Exchange Commission for listing on the Nasdaq market. Despite the unsettled atmosphere within Naver due to recent controversies surrounding its ownership of Line, the messaging app popular in Japan, the webtoon unit aims to complete its Nasdaq stock listing no later this year. Webtoon Entertainment submitted the statement on
Industry June 2, 2024
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Superintelligence to reshape human-machine collaboration
As humans are increasingly associating with artificial intelligence at home and in the workplace, global tech experts gathered Thursday at this year's EmTech Korea to discuss what these technologies might look like in the next decade. Orchestrated by the MIT Technology Review, the annual conference aimed at exploring the fusion of global technology trends and industries took place at the Coex convention and exhibition center in Seoul for the first time. In a panel discussion moderated by Ka
Technology May 30, 2024
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Samsung's new chip head urges collective efforts to stay top
Jun Young-hyun, the new head of Samsung Electronics’ semiconductor business, called Thursday for unity among management and employees to retain its leadership in the ever-evolving chip industry. “Samsung’s semiconductor business has 50 years of history and has maintained the No. 1 position in memory. We have secured unrivaled technological assets by overcoming numerous crises and challenges,” he said in his inauguration message posted on the company’s internal bulle
Technology May 30, 2024
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Samsung Electronics union declares first-ever strike
Unionized workers of Samsung Electronics said Wednesday that they would go on strike next week after failed wage talks with the management -- the first-ever strike in the tech giant’s five decades of history. "We can’t stand persecution against labor unions anymore. We declare a strike due to the management's attitude of disregarding the workers," the Nationwide Samsung Electronics Union, the largest among Samsung's multiple unions, said in a press briefing held i
Industry May 29, 2024
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Samsung denies report on HBM chips failing Nvidia tests
Samsung Electronics, the world's No. 1 memory chipmaker, on Friday denied a report that its high bandwidth memory chips had yet to pass Nvidia's tests for use in the US chip giant's AI processors. Samsung said testing for HBM supply is progressing "smoothly" with various global partners. "We are currently working closely with multiple companies and continuously testing technology and performance,” the Korean tech giant said in a statement. “We are cond
Technology May 24, 2024
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Global leaders vow to promote safe, inclusive AI at Seoul summit
Leaders of major global powers Tuesday adopted a declaration pledging to promote safe, innovative and inclusive artificial intelligence amid the fast-evolving tech environment. The “Seoul Declaration” was adopted during a virtual leaders' session of the AI Seoul Summit, co-hosted by President Yoon Suk Yeol and British Prime Minister Rishi Sunak. The declaration aims to address the broad spectrum of opportunities and challenges posed by the design, development, deployment and use
Technology May 22, 2024
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Samsung replaces semiconductor chief amid heightened AI race
Samsung Electronics said Tuesday it has appointed Jun Young-hyun as the new head of its semiconductor business in an apparent move to strengthen its market position amid fiercer competition in burgeoning artificial intelligence chips. Kyung Kye-hyun, who previously held the position, has been tapped to lead the company's future business planning team. The announcement comes as Samsung struggles to compete with rivals in advanced chips such as SK hynix, the market leader in producing high ba
Industry May 21, 2024
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LG CNS launches Orelo conference interpreting solution
Korean IT service provider LG CNS said on Monday it has launched a multi-lingual video conference interpretation solution, called “Orelo,” which can simultaneously interpret up to three different languages in real-time. The solution can distinguish about 100 languages by voice alone and provides simultaneous interpretation in the languages used by the meeting participants. It recognizes the statement in a certain language and immediately translates it into selected languages and prov
Technology May 20, 2024
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LG Uplus unveils new slogan for AI innovation
LG Uplus, one of the nation's top telecom carriers, on Sunday unveiled a new brand slogan “Growth Leading AX Company" to accelerate innovation centering on the artificial intelligence transformation, referred to as AX. The company said the latest announcement came during an internal online session held on Friday to look back on its first quarter performance and share future business directions and plans. During the meeting, CEO Hwang Hyeon-sik noted that it became necessary to
Technology May 19, 2024
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Is FTC's conglomerate listing a boon or bane for Hybe?
Hybe, the K-pop giant housing BTS, has become the first Korean entertainment firm to be designated a conglomerate by the country’s antitrust regulator, as its assets swelled big enough to fulfill the same tougher obligations as other large business groups. The Fair Trade Commission included Hybe along with five other firms in the list of conglomerates Tuesday, thanks to the boy band's enormous popularity and profitability alongside the agency’s active mergers and acquisitions
Industry May 15, 2024
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