LG Uplus, DeePX to jointly develop on-device AI solutions

SEOUL, June 11 (AJU PRESS) - LG Uplus Corp., a telecom carrier, and DeePX, a tech startup, have signed a deal to jointly develop on-device artificial intelligence (AI) solutions. Under the agreement, LG Uplus will design customized on-device AI solutions incorporating its ixi-GEN generative AI technology, and DeePX will develop and optimize neural processing units (NPUs) to run the solutions on various devices such as robots, home appliances, and smart mobility systems. NPUs are

June 11, 2024

AI reshaping newsrooms as publishers race to adapt

The World Association of News Publishers (WAN-IFRA) issued its annual report “Innovation in News Media World Report 2024-25" in late May, highlighting major challenges faced by the global news industry. The following is the first in a four-part series summarizing key insights from the report. This first installment focuses on AI-powered newsrooms. – Ed. SEOUL, June 10 (AJU PRESS) - Newsrooms around the world are being upended by artificial intelligence (AI) at

June 10, 2024

Unionized workers stage first strike at Samsung Electronics

SEOUL, June 7 (AJU PRESS) - Unionized workers at Samsung Electronics staged the first-ever strike at the tech giant on Wednesday, with the one-day action expected to have minimal impact on production. The National Samsung Electronics Labor Union had instructed its 28,000 members to use paid leave on the day after wage negotiations with the management fell apart early last week. The union, which represents 22 percent of the 125,000 employees of the world's largest maker of mem

June 7, 2024

Samsung Climate Control's stock soars amid growing demands for data center cooling devices

SEOUL, June 5 (AJU PRESS) - Samsung Climate Control's stock price has soared amid growing demand for cooling devices for data centers, driven by the ongoing artificial intelligence (AI) boom. The company's shares closed at 14,990 won ($10.94) on Tuesday, marking a 22.82 percent increase from the previous day's close. The car parts unit of the tech giant Samsung specializes in HVAC (heating, ventilation, and air conditioning) technology. Data centers, the backbone of A

June 5, 2024

LS Cable to invest 100 billion won in Donghae submarine cable factory expansion

SEOUL, June 4 (AJU PRESS) - LS Cable & System plans to invest about 100 billion won ($75 million) to expand its submarine cable factory in the eastern city of Donghae, Gangwon Province. The company signed an investment agreement with local authorities on Monday to fund the construction of a fifth submarine cable building, covering an area of 19,451 square meters (209,387 square feet). Upon completion in the second half of next year, the facility will quadruple LS Cable's

June 4, 2024

Seoul Tourism Organization launches new app for foreigners' travel pass

SEOUL, June 4 (AJU PRESS) - The Seoul Tourism Organization (STO) announced on Wednesday the launch of a new mobile application for its Discover Seoul Pass, a tourist pass designed to provide foreign visitors with access to various attractions and facilities in Seoul at discounted rates or for free. According to the STO, the updated app aims to improve user convenience by offering a more mobile-friendly interface compared to the previous web view format. The app also introduces new f

June 4, 2024

Hyodol provides AI robots to care for elderly people

SEOUL, June 3 (AJU PRESS) - Korean robot maker Hyodol has provided its artificial intelligence-based robots, designed to care for elderly people, to 1,100 households in the southern province of South Jeolla. The provincial government has adopted its companion robots, also named Hyodol, as part of measures to address the challenges of an aging society, the company said Monday. The robots monitor and communicate with elderly people, reminding them to take medication and go for stro

June 3, 2024

Seocho district in Seoul spearheads reform of large store regulations

SEOUL, June 3 (AJU PRESS) - Seoul's affluent Seocho district is poised to drastically loosen restrictions on the operating hours of large retail markets despite opposition from small vendors, a move that could have repercussions for other local authorities facing growing calls to overhaul the much-disputed regulations. On May 27, the ward office in southern Seoul announced a plan to reduce the night curfew for big-box stores and so-called super-supermarkets within the district

June 3, 2024

'Baby Shark' company surpasses 100 billion views on YouTube

SEOUL, June 3 (AJU PRESS) - The Pinkfong Company, creator of the global hit cartoon song "Baby Shark," has garnered over 100 billion cumulative views on YouTube, the Korean entertainment company said Monday. The company has achieved the milestone with over 7,000 pieces of content offered in 25 languages across 244 regions worldwide. Its channels in Korean, English, Japanese, Spanish, Portuguese, and Russian have ranked among the top 10 channels on the video-sharing platfor

June 3, 2024

Innospace, UAE Space Agency sign MOU for space business cooperation

SEOUL, June 3 (AJU PRESS) - Korean spaceflight startup Innospace has signed a memorandum of understanding with the state-run UAE Space Agency to boost cooperation in space-related business ventures. Under the arrangement inked in Seoul on Friday, the two entities will collaborate to select the optimal launch site and work together on constructing a launch facility equipped with the necessary infrastructure for satellite launches, including a launch pad, a launcher assembly facility

June 3, 2024