Pulse News Korea By Maeil Business Newspaper

Maekyung Media Group is a multi-faceted media organization that encompasses a range of publishing, broadcasting, and digital platforms. Its assets include the Maeil Business Newspaper, a daily publication focused on economic and business news, as well as MBN, a cable TV channel. The group also operates Mmoney, a business news television channel, and Maekyung.com, an online portal for business and economic news (www.mk.co.kr). Additionally, Pulsenews.co.kr serves as the English-language news site for Maeil Business Newspaper, while Maekyung Economy is a weekly magazine dedicated to economic and business topics. With a commitment to providing timely and accurate news, Maekyung Media Group ensures that a wide range of specialized economic information is readily available through its newspapers, TV channels, website, and magazines.

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Yoon unveils $19 bn support program for chip industry

May 25, 2024 | pulsenews.co.kr | Kim Jung-hwan |Woo Je-yoon |Oh Chan-jong |Yoon Yeon-hae

South Korean President Yoon Suk Yeol unveiled a 26 trillion won ($19 billion) support plan for the country's semiconductor industry on Thursday, as the global competition to attract high-tech industries intensifies.
U.S. court dismisses case by Samsung's former patent head

May 23, 2024 | pulsenews.co.kr | Choi Seung-jin |Minu Kim

A U.S. court has ruled in favor of Samsung Electronics Co. in a patent lawsuit filed by a former Samsung executive against the South Korean tech giant in the United States, with the court criticizing the plaintiff's actions and deeming the lawsuit illegitimate.
Ruling party seeks to raise tax threshold on financial gains

May 23, 2024 | pulsenews.co.kr | Lee Hee-jo |Kim Jung-hwan |Chang Iou-chung

South Korea's ruling party is looking to raise the tax threshold for annual comprehensive financial gains, a bid to make it easier for lower- and middle-income earners to accumulate wealth and help narrow the class divide. Political sources said Wednesday that the ruling People's Power Party plans to propose an amendment to the Income Tax Act.
Female chef aims for gold at International Catering Cup

May 22, 2024 | pulsenews.co.kr | Seong Seung-hoon |Minu Kim

South Korean female chef Lee Ji-yu will represent her country, a first in the history of the International Catering Cup to be held in Lyon and is poised to make her mark in the renowned culinary competition. Lee currently works at Signiel Seoul Stay, operated by Michelin 3-star chef Yannick All?no as part of the Lotte Hotel Group. In a recent interview with Maeil Business Newspaper, Lee expressed her determination, saying, "There is no gender distinction when it comes to cooking.
Samsung appoints leader for semiconductor division

May 22, 2024 | pulsenews.co.kr | Choi Seung-jin |Oh Chan-jong |Yoon Yeon-hae

South Korea's Samsung Electronics Co. appointed Jun Young-hyun, vice chairman and head of its future business division, as the new head of its device solutions (DS) division responsible for semiconductors. The surprise reshuffle announced on Tuesday comes as the tech giant's semiconductor business faces a crisis.
Korea to establish AI safety institute at ETRI

May 22, 2024 | pulsenews.co.kr | Lee Dong-in |Jeong Ho-jun |Yoon Yeon-hae

South Korea will establish an institute focused on studying safety issues related to artificial intelligence (AI) technology. The plan was unveiled during a press briefing following the ministerial session at the AI Seoul Summit held at the Korea Institute of Science and Technology (KIST) in Seoul on Wednesday. "Today, we are witnessing another wave of innovation driven by unremitting efforts from private AI big tech companies such as OpenAI Inc.
Samsung chief vows for support for safe, inclusive AI development

May 21, 2024 | pulsenews.co.kr | Choi Seung-jin |Minu Kim

Samsung Electronics Co. Chairman Jay Y. Lee vowed Tuesday to contribute to global efforts in creating safe, innovative, and inclusive artificial intelligence (AI). "AI is fundamentally changing the way we live, work, and communicate with the world," Lee said at the AI Seoul Summit co-hosted by South Korea and the United Kingdom. The summit follows up on discussions from the AI Safety Summit held in Bletchley Park, UK, in November 2023.
Samsung SDS stresses partnership with Dell for cost-effective AI services

May 21, 2024 | pulsenews.co.kr | Lee Dong-in |Minu Kim

Samsung SDS Co., the information technology (IT) service unit of South Korea's top Samsung Group, is dedicated to forging a close partnership with Dell Technologies Inc. as it allows the company to offer "cost-effective" services. Our collaboration with Dell allows us to deliver generative AI services to enterprise customers quickly and cost-effectively," said Hwang Sung-woo, president and chief executive officer of Samsung SDS.
Global leaders adopt Seoul Declaration at AI Seoul Summit

May 21, 2024 | pulsenews.co.kr | Lee Dong-in |Woo Je-yoon |Lee Eun-joo

Ten countries, including South Korea, the United States, and the United Kingdom, and the European Union, on Tuesday adopted the Seoul Declaration at the AI Seoul Summit that took place virtually. Under the declaration, they committed to cooperate towards safe, innovative, and inclusive artificial intelligence (AI). The biggest achievement is the international consensus not only on AI safety due to its risks but also on innovation and inclusiveness.
CAMT reports profits for a 17th consecutive quarter

May 20, 2024 | pulsenews.co.kr | Yang Yeon-ho |Chang Iou-chung

Cosmo Advanced Materials & Technology Co. (CAMT), which specializes in secondary battery materials, is maintaining its momentum even as it faces industry challenges stemming from a downturn in demand in the electric vehicle market. According to the company's announcement on Monday, CAMT reported an operating profit of 5.3 billion won ($3.9 million) in the first quarter of 2024, or an 18.4 percent decrease compared to the same period the year before.