A Seoul court on Friday rejected American hedge fund Elliott’s payment claims for its alleged losses in the 2015 merger between Samsung C&T Corp. and Cheil Industries. Elliott, then a minority stakeholder in Samsung C&T, opposed the merger deal and received 72.4 billion won ($54.9 million) in 2022 from the de facto holding unit of Samsung Group for not exercising its appraisal rights. In October last year, however, the activist fund filed a lawsuit claiming an additional 26.7 b

SK Broadband said Thursday it is introducing an internet protocol television service using artificial intelligence to offer more tailored content to users. The internet service provider's IPTV platform B tv newly applies SK Telecom's AI assistant service A., allowing users to easily find desired content beyond IPTV to include streaming services, YouTube and the web through voice controls. At Thursday’s event, SK unveiled the AI 4 vision, an AI set-top box equipped with the B tv A

SK hynix, the world's second-largest memory chip-maker, said Thursday it has started mass production of the world’s first 12-layer high bandwidth memory chips, solidifying its competitive edge over its global rivals -- Samsung Electronics and Micron Technology. The new 36-gigabit 12-layer HBM3E chip will be supplied to its customers, including US AI chip giant Nvidia, within the year, about six months after delivering an 8-layer HBM3E product to customers for the first time in the ind

LG Innotek said Wednesday that it has developed the industry’s first artificial intelligence that detects defective raw materials for its chip substrates. The new system, combining AI-based material information and image processing technologies, has already been adopted for the company’s production process. More recently, it has been used to upgrade the product quality of value-added chip substrates, including the flip-chip ball grid array. With chip substrates becoming increasingly

Samsung Electronics and the nation’s top five lenders have collaborated to create a 2 trillion won ($1.5 billion) fund to support small and medium-sized companies struggling to meet toughening carbon regulations at home and in overseas markets. On Tuesday, the tech giant, together with the nation’s top five financial groups and the Financial Supervisory Service, vowed to offer low-interest rates on loans to smaller businesses seeking to invest in low-emissions facilities, equipment o

SK hynix said Monday it has introduced the main features of its heterogeneous memory software development kit, a self-developed memory control solution that optimizes the operation of Compute Express Link, or CXL, a next-generation memory technology, to Linux, the world’s largest open-source operating system. CXL is a next-generation interface that supports large-capacity and ultra-high-speed computations by efficiently connecting the central processing unit, graphics processing unit and m

Concerns surrounding the semiconductor industry have led to a nearly 120 trillion won ($90 billion) decline in the market capitalization of South Korea's two leading makers of memory chips, Samsung Electronics and SK hynix, over the past month, according to data released on Sunday. According to the Korea Exchange, the country's sole bourse operator, the two companies’ market value has shrunk by a total of 117.18 trillion won despite market watchers’ evaluations that the dec

HD Hyundai Marine Solution, the ship maintenance unit of HD Hyundai, said Sunday that it has signed a contract with a Middle Eastern shipping company to supply shaft generator systems worth $37 million for 17 LNG carriers. The systems will be delivered sequentially until 2028. The shaft generator system generates electricity by utilizing part of the rotational power from the ship’s main engine. Compared to medium-sized engines traditionally used as power sources, the main engines used fo

Samsung Electronics Vice Chairman and co-CEO Han Jong-hee has introduced “bold growth” as the new target to overcome the company's multifaceted crisis and take a leap toward a future-oriented business structure. “We have worked hard to lay the foundation for 'One Samsung' and to enhance synergy across different business units,” the CEO said at the tech giant’s Device eXperience division’s internal event recently held in Suwon, Gyeonggi Province,

Competition is heating up among major South Korean telecommunication companies to take the lead in the market for artificial intelligence assistants. LG Uplus, the country's smallest telecom company by market share, is set to launch a call-recording service, dubbed, “ixi O,” next month, according to industry sources on Friday. It is expected to offer services such as call recording, summary function and spam call and voice phishing filtering. Currently, AI assistants are evolv

Samsung Electronics, the world's No. 1 memory chipmaker, said Thursday it has begun mass production of its one-terabit quad-level cell ninth-generation vertical NAND, solidifying its leadership in the high-capacity and high-performance NAND flash market. It is the industry’s first mass production of QLD ninth-generation V-NAND, followed by its first triple-level cell ninth-generation V-NAND production in April this year. “Kicking off the successful mass production of QLC ninth-g

BERLIN -- Samsung Electronics has opened an artificial intelligence-powered home appliance experience zone in the heart of Berlin, the largest home appliance market in Europe, strengthening its position as a premium brand by leveraging connected experiences. The Korea Herald reporter visited the Saturn home appliance store at one of Berlin’s largest shopping centers, Europa Center, on Sunday during the IFA 2024. Under the theme of “AI for All,” Samsung showcased the latest AI-e

BERLIN -- Samsung Electronics has unveiled its vision to expand its AI presence from mobile devices and home appliances to residential and commercial buildings. Under the vision “AI for all,” the tech giant said it will launch diverse AI-based services for business-to-business areas, including "AI apartment," "AI office," "AI store" and "AI stay," taking advantage of its leadership in AI-powered home appliances. AI apartment, for instance, allo

BERLIN -- LG Electronics CEO Cho Joo-wan promised to actively engage with global investors as part of the company’s value-up drive. “LG Electronics is committed to enhancing its corporate value these days,” Cho said during a meeting with a group of Korean reporters held on the sidelines of the IFA trade show in Berlin on Friday. His comments came ahead of his visit to London to meet with institutional investors for a non-deal roadshow on Saturday. This marks the first time the

BERLIN -- As TVs evolve into platforms offering limitless content-based enjoyment, Samsung Electronics has revealed its ambition to lead the free ad-supported television market, or FAST, by providing distinctive services and diverse content. “In line with the AI era, we will actively explore and implement measures to become the optimal platform by advancing and enhancing basic AI usability,” Kim Yong-su, head of the global service business team of the visual display division at Samsu

BERLIN -- Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said Saturday that the tech giant’s recent push for artificial intelligence-powered home appliances still has a long way to go in fulfilling the increasingly sophisticated demand from consumers “Our products are not keeping up with very high consumer expectations. … If we consider consumer expectations to be at 100, our product currently stands at around 30,” Han said during a press conference held on th

BERLIN -- LG Electronics has announced a brand new era for the company by introducing its artificial intelligence home hub, featuring what it calls "affectionate intelligence," at this year’s IFA trade show that kicked off Friday in Berlin. “We are thrilled to announce the launch of LG AI Home, a smart living solution that utilizes generative AI to seamlessly communicate and connect with customers,” Lyu Jae-cheol, the tech giant's home appliance chief, said Thurs

BERLIN -- Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said the Korean tech giant is looking to artificial intelligence connectivity to take on its rivals, as this year’s IFA in Berlin, one of the world’s largest consumer appliance trade shows, kicked off Thursday. “Who can provide consumers with a richer experience of connecting products” is the key message to convey, Han told The Korea Herald on Thursday at Samsung Electronics pavilion, upon his visit to th

BERLIN -- At this year’s IFA, Europe’s biggest home appliances trade show, two of South Korea’s tech giants, Samsung Electronics and LG Electronics, are set to showcase their latest artificial intelligence-powered home appliances. As the IFA celebrates its 100th anniversary this year, about 2,200 companies in IT, consumer appliances and telecommunications will take part from 139 countries. The five-day event, which kicks off in Berlin on Friday, will see 127 Korean companies pa

The IFA, Europe’s biggest tech show, is just around the corner. Celebrating an incredible 100 years of the show, it promises to bring the biggest names in tech together to unveil their latest breakthroughs, with South Korean tech rivals Samsung Electronics and LG Electronics among the largest exhibitors. The annual gathering will kick off in Berlin on Friday for a five-day run. This year’s IFA is ready to host more than 2,200 exhibitors and over 182,000 attendees from 139 countries