Hwang Soon-min

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Samsung C&T wins $2.84 bn power plant project in Qatar

Nov 26, 2024 | pulse.mk.co.kr | Hwang Soon-min |Yoon Yeon-hae

Samsung C&T Corp., a trading, investment, and construction unit under South Korea’s Samsung Group, won a 4 trillion won ($2.84 billion) water desalination and power generation project in Qatar. Samsung C&T’s construction division announced on Tuesday that an international consortium involving the company won the “Facility E” desalination and power generation project from Qatar General Electricity and Water Corp., also known as KAHRAMAA.
Naver and Kakao use AI technology to combat pirated webcomics

Nov 24, 2024 | pulse.mk.co.kr | Hwang Soon-min |Minu Kim

Naver Corp. and Kakao Corp., two major Korean platform companies, are utilizing artificial intelligence (AI) technology to block pirated webcomics, which is expected to help protect their webtoon business revenues. According to sources on Wednesday, Naver Webtoon is integrating AI technology into its self-developed copyright protection technology called Toon Radar and taking measures to protect paid revenue.
Naver focuses on expanding short-form content

Oct 3, 2024 | pulse.mk.co.kr | Hwang Soon-min |Lee Eun-joo

South Korean platform giant Naver Corp. will expand revenue-sharing for creators who upload short-form videos starting in 2025, a move aimed at growing its creator ecosystem in a market dominated by big tech companies. The company announced on Thursday that its Clip Incentive Program, currently in beta service, will be officially launched and expanded to all Clip creators that year.
Game developers focus on Triple-A games amid intense competition

Oct 2, 2024 | pulse.mk.co.kr | Hwang Soon-min |Lee Eun-joo

South Korean gaming giants, including Krafton Inc., Nexon Co., Pearl Abyss Corp., and Kakao Games Corp., are preparing for the global release and distribution of new AAA (Triple-A) games. Their move comes as Chinese game developers that have focused on mobile games are now enhancing marketing efforts to expand their presence based on accumulated development experience.
Korean game companies open pop-up stores to attract consumers

Sep 20, 2024 | pulse.mk.co.kr | Hwang Soon-min |Han Yubin

South Korean game developers are reaching out to consumers by opening pop-up stores and holding offline campaigns. The campaigns are to sell merchandise featuring game characters and platforms as part of the companies’ efforts to diversify profit sources and increase in-person interaction with young gamers. Krafton Inc. recently announced its plan to open a pop-up store for its popular game “PlayerUnknown’s Battlegrounds” in collaboration with Starfield, a shopping complex operated by Shinsegae.
Short-form dramas gain popularity among young viewers

Sep 18, 2024 | pulse.mk.co.kr | Hwang Soon-min |Lee Eun-joo

Information technology (IT) companies are engaging in fierce competition to dominate the short-form drama platform market. With each episode lasting only one to two minutes, short-form dramas in alignment with the viewing habits of younger audiences in their teens and 20s, who prefer fast-paced storytelling and shorter video formats.
Naver to create Arabic-based AI for the Middle East

Sep 12, 2024 | pulse.mk.co.kr | Jeong Ho-jun |Hwang Soon-min |Lee Eun-joo

Naver Corp. is teaming up with the Saudi Data & AI Authority (SDAIA) to develop a massive, Arabic-based language model (LLM). The move is seen as a positive signal for the export of Naver’s ultra-large AI model, HyperCLOVA X. Naver announced on Thursday that Team Naver, including Naver Labs and Naver Cloud, signed a memorandum of understanding with SDAIA at the Global AI Summit held in Riyadh, Saudi Arabia on Tuesday local time.
LG CNS expands Indonesia business with new joint venture

Sep 12, 2024 | pulse.mk.co.kr | Hwang Soon-min |Minu Kim

South Korean digital transformation specialist LG CNS entered a joint venture in Indonesia to expand its information technology operations in the country. The company said on Wednesday that it held an official launch ceremony for the venture, named “LG Sinar Mas Technology Solutions,” on Tuesday at the Grand Hyatt Jakarta in collaboration with Indonesia’s Sinar Mas Group.
Tech companies adopt digital twin technology for robot training

Sep 8, 2024 | pulse.mk.co.kr | Hwang Soon-min |Lee Eun-joo

The robotics industry is increasingly adopting digital twin technology, which involves creating a virtual replica of a physical object in a digital space and thus allows for various scenarios to be simulated as well as pre-validated. While digital twin technology has primarily been applied in manufacturing and aviation industries until now, its application is now expanding into the robotics sector. According to information technology (IT) industry sources on Sunday, Naver Corp. and Nvidia Corp.
LG U Plus, SM Ent partner to create AI-powered content

Sep 1, 2024 | pulse.mk.co.kr | Hwang Soon-min |Han Yubin

LG U Plus said Sunday that it entered a memorandum of understanding (MOU) with K-pop agency SM Entertainment Co. to jointly develop generative artificial intelligence (AI)-based content. As part of the deal, LG U Plus will leverage its proprietary generative AI, ixi-GEN, to produce content for SM’s first virtual artist, Nævis.