KB News DeskLG Electronics spurs portfolio revamp under Vision 2030
CEO confident about nurturing new businesses with sales over W1 tril. LG Electronics CEO Cho Joo-wan said Wednesday that the company is successfully growing new businesses, posting more than 1…
Domestic AI processor makers aim to boost market value
Rebellions, FuriosaAI set to challenge Nvidia By Nam Hyun-woo Anticipation is growing over the market value of Korea’s domestic artificial intelligence (AI) processor manufacturers, as they gear up to compete…
Naver, Kakao cut R&D expenses in H1 despite focus on AI
Platform giants control paces of investment amid questions on monetizing AI services By Nam Hyun-woo Korean platform giants Naver and Kakao both reduced their R&D expenses in the first half…
Telecom giants struggle with EV charging business amid growing safety fears
Mobile carriers LG Uplus and KT are facing increasing concerns about their electric vehicle (EV) charging businesses following a widely publicized fire involving a Mercedes-Benz electric sedan, which has fueled…
How X owner Elon Musk uses his ‘free speech’ platform to amplify his views worldwide
As X’s owner and most followed user, Elon Musk has increasingly used the social media platform as a microphone to amplify his political views and, lately, those of right-wing figures…
Krafton’s operating profit logs 1.5-fold growth in Q2
Game studio Krafton posted solid earnings numbers for the second quarter of this year, with its operating profit showing a 1.5-fold growth from a year earlier. According to the company’s…
Naver Q2 operating profit, sales hit record high on solid performance of key biz
Naver, Korea’s leading online platform operator, said Friday its operating profit and sales hit a record high in the second quarter on solid growth of its key businesses. Its operating…
Samsung union stages rally at chairman’s empty home
A labor union of Samsung Electronics staged a rally near the vacant home of the company’s Executive Chairman Lee Jae-yong Thursday, a day after its wage negotiations with management derailed.…
Samsung eyes aggressive HBM expansion to meet AI demand
Samsung Electronics projected an ambitious expansion in its sales and supply of high bandwidth memory (HBM) for the second half of this year, Wednesday, to meet exponentially growing market demand…
SK hynix in dilemma as HBM focus results in lower stock value
SK hynix is facing a dilemma in balancing production between advanced high-bandwidth memory (HBM) chips and existing legacy DRAM products, as its focus on HBM is adversely impacting its stock…
