Buoyed by record sales and profits, chipmaker offers rosy outlook as HBM leader SK hynix, the world's second-largest memory chip maker, logged its best-ever yearly earnings in 2024, successfully capitalizing on the global AI chip boom with its cutting-edge high bandwidth memory products. The company reported Thursday it achieved 66.1 trillion won ($46.1 billion) in sales in 2024, increasing by a whopping 102 percent on-year. The operating profit stood at 23.4 trillion won with an operating margi

Parental supervision features strengthened to protect from explicit content Instagram launched Teen Accounts in South Korea on Wednesday, a feature designed to protect teen users from explicit content and inappropriate contact. Since introducing the initiative last September, the social media app rolled out the protective account settings in the US and Australia before expanding to other locations. “(The Teen Account) aims to help keep teens safe on Instagram by limiting unwanted contact, showin

Korean chipmakers brace for heightened export controls under Trump 2.0 South Korean chipmakers are on high alert over stricter US regulations on China, where they operate and have heavily invested in semiconductor chip fabrication plants, also known as fabs. Though tariff advocate US President Donald Trump has officially begun his second term, he has yet to clarify his pledges targeting China, including the proposed 60 percent tariffs on Chinese goods. Samsung Electronics and SK hynix are thus w

Major flatscreen maker unveils 4th generation OLED panel for AI TVs LG Display CEO Jeong Cheol-dong pledged a turnaround in 2025, introducing the company's new business strategy dubbed "JUMP" on Thursday. In an unveiling event, the flatscreen maker also debuted a 4th generation organic light-emitting diodes panel which is the industry's first to achieve a maximum brightness as high as 4,000 nits. “Our goal for this year is to make it a year of bold leaps forward and meaningful advancements with

South Korean flatscreen maker LG Display said Wednesday it has narrowed yearly losses in 2024 and posted a first quarterly turnaround in the October-December period, thanks to its strategic shift to more profitable organic light-emitting diode panels. In a regulatory filing, LG reported it posted a revenue of 26.6 trillion ($18.3 billion) in 2024, which grew 24.8 percent when compared to the year earlier, while the operating loss stood at 560.6 billion won, down 77.7 percent on-year. Net loss lo

Samsung Electronics has registered the trademark "Bot Fit" for its wearable robot in a filing with the state intellectual property agency, strengthening its push into the robotics business. According to the Korea Intellectual Property Office on Wednesday, the tech giant registered the trademark on Jan. 8, with a logo featuring the letter "F" within a blue shape. The trademark is described as being intended for use with body rehabilitation apparatus for medical purposes. Samsung first unveiled th

Korean tech giants Samsung, LG and SK are ramping up competition to gain an early lead in glass substrates for chipmaking, a next-generation technology anticipated to significantly enhance chip performance, with top executives signaling their entry into the burgeoning market. At this year’s CES, the world’s largest tech show annually held in Las Vegas, SK Group Chair Chey Tae-won revealed he had “just sold” glass substrates of SKC, the advanced materials arm of the conglomerate producing the cut

US lawmakers see South Korea as serving a critical role in the global supply chain and are willing to provide support, Korean Industry Minister Ahn Duk-geun said Monday, sharing his reflection after his visit to Washington last week. "During the trip, I learned that Korea’s industries play a big role in the global supply chain and the ecosystem. I met with foreign commerce chambers and investors after all the incidents, and they are all willing to help," Ahn said in a press briefing with reporte

Korean tech leaders take versatile roles from salesman to trade analyst LAS VEGAS -- The world's largest tech show CES 2025 once again highlighted technological advancements that could reshape the future, while also providing Korean tech giants a platform to address looming trade concerns under the incoming US administration. During the four-day event, which kicked off on Jan. 7, Samsung Electronics and LG Electronics focused on demonstrating their latest AI-powered home automation ecosystems an

Korea Herald Correspondent LAS VEGAS -- Las Vegas teemed with global innovation at this year's CES trade show, and Victor Hoskins, CEO of the Fairfax County Economic Development Authority, seized the opportunity to deepen ties with Korea, a key partner for his municipality. Fairfax County, Virginia, already hosts over 80 Korean companies, making Korea the country with the largest business presence in the jurisdiction, located just outside Washington, DC. “Our county’s relationship with Korea spa

Partnership with Samsung key strength in taking on rivals Korea Herald correspondent LAS VEGAS -- Your face is tense and your eyelids droop slightly as you drive to work in the early morning. As drowsiness creeps in, Luna, an AI-powered in-vehicle voice assistant, appears on the heads-up display and asks, "Do you want to stop by a cafe to get a cup of coffee?" You reply, "Sure, I need my latte." Immediately, the Aura Lighting adjusts the interior lights to create a refreshing morning vibe and yo

Chey Tae-won meet with Nvidia CEO to discuss possible collaboration on physical AI Korea Herald Correspondent LAS VEGAS -- SK hynix’s development pace of its popular AI memory chip has surpassed Nvidia’s demands, and their collaboration is going smoothly, SK Group Chairman Chey Tae-won said Wednesday. Hosting a press conference on the sidelines of CES 2025, the world's largest tech show, Chey confirmed that he met with Nvidia founder and CEO Jensen Huang and discussed many issues, including movi

Tech giant renews robotics vision for 'labor-free' home Korea Herald Correspondent LAS VEGAS -- As US President-elect Donald Trump's second term is set to kick off this month, LG Electronics CEO Cho Joon-wan said the company has already came up with a "playbook," a set of response measures to policy changes under different scenarios. "When President Trump assumes office and imposes tariffs or similar measures, we are prepared to adapt. We have our own playbook, that outlines specific methods for

Han Jong-hee shows confidence in tech giant's extensive global supply chain Korea Herald Correspondent LAS VEGAS -- As companies around the world scramble to assess the potential impact of the high-tariff policy pledged by US President-elect Donald Trump, Samsung Electronics is prepared to navigate the challenges thanks to its strong global supply chain management, the tech giant's CEO said Tuesday. By leveraging its diversified production channels and AI technologies, the company will be able t

Nvidia founder to meet SK chief Chey Tae-won during CES 2025 Korea Herald Correspondent LAS VEGAS -- Nvidia founder and CEO Jensen Huang said Tuesday that Samsung Electronics needs to redesign its high bandwidth memory chips when asked why his company is taking time to adopt its HBM products, but was optimistic the Korean company would succeed. "They have to engineer a new one (HBM), a new design. But they could do it, and they are working very fast," Huang said during a Q&A session held on the