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May 17, 2024
Korean firms target EV charging market in US
Lotte and SK both made announcements of progress in their entries to the US EV charging market Thursday, joining LG as Korean conglomerates competing in the burgeoning sector. Lotte Innovate announc...er, at the UNITI Expo held in Germany earlier in the week. Based on Gilbarco’s worldw...
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May 14, 2024
Korea eyes leadership in advanced air mobility standardization
...e world’s first global association for AAM standardization. A total of 67 companies have joined the association as members, including Korean firms such as Korean Air, Hanwha Systems, Hyundai Motor, SK Telecom, KT and LG Uplus, the US’ OneSky, Padina Group and ANRA Technologies as wel...
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May 13, 2024
SK Telecom to lead AI data center standardization
SK Telecom said Monday that their proposal for standardizing industry-wide technologies for AI data centers has recently been approved as a new research project by a UN telecom agency. The ITU-T, a ...Telecom. “We aim to finalize the AI DC standard specifications through the collective ...
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May 12, 2024
Battery makers ramp up efforts to diversify graphite supply chain
... sales would drop significantly." The three battery makers are Samsung SDI, LG Energy Solution and SK On. Graphite is used to make electric battery anodes, which is the negatively charged portion of ...tteries until July, and expects to source 10,000 tons of the natural graphite annual...
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May 09, 2024
Yoon doubles down on repeal of financial investment income tax
... its stock market suffered about a 36 percent plunge in a month after the Taiwanese government announced the plan in 1988. Korea, home to the world's leading chipmakers like Samsung Electronics and SK hynix, plans to ease regulations for semiconductor manufacturers’ facility expansion...
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May 09, 2024
Korea projected to outpace Taiwan in chip production by 2032: US report
...ton Consulting Group. The report evaluated that Korea invested in the development of the semiconductor industry from the early stage, helping the two domestic chip makers -- Samsung Electronics and SK hynix -- grow into global semiconductor powerhouses. They each occupy more than half...
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May 09, 2024
Minister says chip subsidy a ‘tall order’
...condary batteries, biopharmaceuticals and displays. Chip subsidy programs are widespread among chip powerhouses, but Korea, home to the world’s two largest memory chipmakers Samsung Electronics and SK hynix, faces opposition that it is unfair to offer large subsidies to one single ind...
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May 08, 2024
Korean battery makers heave sigh of relief over 2-year IRA reprieve
...le. Last year, South Korea's top three battery producers -- LG Energy Solutions, Samsung SDI, and SK On -- reported revenues exceeding 10 trillion won from battery sales to the US market alone. Witho...rsify supply chains. Korean firms have been proactively seeking alternative sources...
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May 07, 2024
Will China's self-sufficient dream in HBM come true?
... a crucial component in graphic processing units. With the backing of the government, the consortium led by Huawei aims to produce HBM2 by 2026. Industry sources in Korea, home to top HBM suppliers SK hynix and Samsung Electronics, believe it would be difficult for the Chinese firms to...
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May 07, 2024
[KH Explains] Can tech firms' AI alliances take on Nvidia?
...sing number of global Big Tech companies are building their own AI ecosystems amid expectations for continuous growth in the sector, according to experts on Tuesday. While Nvidia has teamed up with SK hynix and TSMC to further strengthen its technical leadership in high-bandwidth memor...
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May 06, 2024
Chip up cycle won’t stay long: SK chief
The chairman of Korea's chip-to-battery conglomerate SK Group said the fate of semiconductor manufacturers will hinge on how smartly they can map out capital expenditure plans, as he believes the recent chip recovery would be short-lived. The earnings surprise that SK hynix, th...
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May 02, 2024
'Our HBM chips are sold out until 2025': SK hynix CEO
SK hynix on Thursday said that its high-bandwidth memory chips have already sold out until 2025, boasting its leadership in the advanced memory chip market for artificial intelligence. "Demand for u...0 billion. Kwak also attributed the company’s top presence in the market to the exten...
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May 02, 2024
KCCI chief renews will to play bigger role in boosting economic diplomacy
...e as an economic and diplomatic platform,” KCCI Chair Chey Tae-won, who also serves as chairman of SK Group, said in his opening remarks at the event. “We are getting ready to launch the KCCI’s econo...Cho Hyun-sang, Samsung Electronics President Kim Won-kyong of the global public a...
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May 02, 2024
Fila chairman named this year’s Van Fleet Award winner
...President Kim Dae-jung, former US President George W. Bush and President Jimmy Carter, former UN Secretary-General Ban Ki-moon, as well as business leaders such as LG Group Chairman Koo Kwang-mo and SK Group Chairman Chey Tae-won. The award ceremony is scheduled to take place during th...
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April 30, 2024
SKT to launch telecom-specific LLM in June
...g its development in early June, the company looks to develop multiple LLMs and launch them in other languages globally by taking advantage of the Global Telco AI Alliance. The GTAA was launched by SK Telecom in Seoul in July last year to develop a telco-specific LLM model and related ...
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April 25, 2024
SK hynix profits soar on AI chip boom
SK hynix, the world's second-largest memory chip maker, said Thursday it has returned to profit, thanks to its leadership in advanced memory chips critical to generative artificial intelligence tools...cal analysts provided by market intelligence FnGuide. This is the first time in six qu...
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April 25, 2024
[KH Explains] Korean shipbuilding stocks rally: Real growth or bubble?
...o 2026," he said. Lee added that the ongoing trend of a weakening Korean won further adds to this advantage by making its vessels more price-competitive internationally. Analyst Han Seung-han from SK Securities' research center also concurred with the general expert consensus about th...
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April 25, 2024
SK hynix returns to profit in Q1 on solid demand for AI chips
SK hynix said Thursday it swung to a profit in the first quarter of this year on the back of rising global demand for premium memory chip products used for artificial intelligence (AI) computing. Th...lion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap Ne...
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April 25, 2024
SK hynix pledges W20tr to ramp up DRAM production at home
SK hynix, the world's second-largest memory chip maker, said Wednesday it will expand the production capacity of next-generation DRAM, including High Bandwidth Memory, which is critical to generative...t least twice as large the capacity to secure the same production volume as general DRA...
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April 24, 2024
Korean investment in US almost doubles from pre-pandemic: report
...rea Chamber of Commerce and Industry, the total Korean investment in the US stood at $27.7 billion last year, up 75 percent from $15.8 billion in 2019. Large conglomerates like Samsung Electronics, SK hynix and Hyundai Motor have built or plan to establish facilities in the US portion ...