KoreaTechToday

ifland Shutdown Signals Shift in Tech Priorities for SK Telecom South Korea’s SK Telecom has announced plans to shut down its metaverse platform, ifland, by March 31, 2025. After five years of operation, the company is ending the service to reallocate resources toward artificial intelligence (AI) development, marking a strategic shift in its priorities. SK Telecom expressed gratitude to its users and shared instructions for […] The post ifland Shutdown Signals Shift in Tech Priorities for SK Telecom appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform . https://lnkd.in/gHxmtKpR #KoreaTech #techindustryinkorea #technewsinkorea

Naver Pay Partners with WeChat Pay to Simplify Cross-Border Payments in China South Korea’s Naver Financial has announced a partnership with Tencent Holdings to integrate its digital wallet service, Naver Pay, with China’s WeChat Pay. This collaboration allows South Korean users to make seamless cross-border transactions in China using Naver Pay via QR code technology. With this integration, Naver Pay users can now access WeChat Pay’s extensive […] The post Naver Pay Partners with WeChat Pay to Simplify Cross-Border Payments in China appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform . https://lnkd.in/gdxfpG33 #KoreaTech #techindustryinkorea #technewsinkorea

LGES and Qualcomm Collaborate to Launch Advanced Battery Management System for Electric Vehicles LG Energy Solution (LGES), South Korea’s battery manufacturer, has announced a partnership with Qualcomm Technologies to expedite the commercialization of its new system-on-chip (SoC)-based battery management system (BMS) diagnostic solutions. This collaboration aims to enhance the safety and efficiency of electric vehicles by integrating advanced diagnostic capabilities. The SoC-based BMS solutions will be featured on […] The post LGES and Qualcomm Collaborate to Launch Advanced Battery Management System for Electric Vehicles appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform . https://lnkd.in/giTBb4Ba #KoreaTech #techindustryinkorea #technewsinkorea

KT Partners with Ciena to Boost Network Speeds and Support AI-Driven Applications KT has revealed its plans to implement Ciena’s WaveLogic 6 Extreme (WL6e) technology to address the increasing need for data transmission speeds surpassing 400GbE. The decision comes after successful trials where KT recorded speeds of 1.2 Tbps on its long-distance route connecting Seoul and Busan, and 1.6 Tbps on the medium-distance route between Seoul and […] The post KT Partners with Ciena to Boost Network Speeds and Support AI-Driven Applications appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform . https://lnkd.in/gu-4Qtdk #KoreaTech #techindustryinkorea #technewsinkorea

SK Hynix Secures $458M U.S. Grant for Advanced AI Chip Facility in Indiana The U.S. Commerce Department has finalized a grant of up to $458 million to SK Hynix to support the development of an advanced chip packaging facility and a research and development center for artificial intelligence (AI) products in Indiana. This funding is part of a broader $3.9 billion investment by the South Korean semiconductor giant […] The post SK Hynix Secures $458M U.S. Grant for Advanced AI Chip Facility in Indiana appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform . https://lnkd.in/gujpeQYz #KoreaTech #techindustryinkorea #technewsinkorea

Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform South Korea’s Fair Trade Commission (KFTC) has levied a $10.5 million (KRW 15.1 billion) fine on Kakao Mobility, the ride-hailing arm of Kakao, for unfair business conduct. The fine follows an investigation that revealed the company had limited competitors’ access to its taxi-hailing platform, creating an unfair market disadvantage. This revised fine represents a reduction […] The post Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform . https://lnkd.in/gKqX3KS4 #KoreaTech #techindustryinkorea #technewsinkorea

Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform South Korea’s Fair Trade Commission (KFTC) has levied a $10.5 million (KRW 15.1 billion) fine on Kakao Mobility, the ride-hailing arm of Kakao, for unfair business conduct. The fine follows an investigation that revealed the company had limited competitors’ access to its taxi-hailing platform, creating an unfair market disadvantage. This revised fine represents a reduction […] The post Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform . https://lnkd.in/gzh-hpPP #KoreaTech #techindustryinkorea #technewsinkorea

From Samsung to Hyundai: Social Media Impersonation Scams Spark Alarm Social media impersonation scams are increasingly targeting celebrities, politicians, and prominent business leaders, raising concerns over potential fraud and the theft of trade secrets. The latest targets include top executives from major Korean companies like Samsung Electronics and Hyundai Motor Group. These impersonation attempts are sparking calls for stronger penalties to deter such fraudulent activities. […] The post From Samsung to Hyundai: Social Media Impersonation Scams Spark Alarm appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform . https://lnkd.in/gdvf4Xp6 #KoreaTech #techindustryinkorea #technewsinkorea

Naver Launches 3D Street View for Immersive Navigation Experience Naver Corp, South Korea’s leading portal, has unveiled a new “3-D” navigation feature for its Naver Map app. This enhanced service aims to provide a more immersive, three-dimensional exploration experience by displaying detailed building and business information in a 3D format, even within the street view feature. Officially launched on December 16, the “Street View […] The post Naver Launches 3D Street View for Immersive Navigation Experience appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform . https://lnkd.in/gsQNz5xX #KoreaTech #techindustryinkorea #technewsinkorea

Samsung E&A Secures $955 Million Deal to Build Biorefinery in Malaysia, Entering SAF Market Samsung E&A Co., the construction and engineering arm of South Korea’s Samsung Group, has secured a $955 million contract to build a biorefinery plant in Malaysia. Enilive S.p.A., a key member of the Phoenix Biorefinery Project joint venture, awarded the project, including Petronas Mobility Lestari Sdn Bhd and Euglena Co. The contract value represents 13.6% […] The post Samsung E&A Secures $955 Million Deal to Build Biorefinery in Malaysia, Entering SAF Market appeared first on KoreaTechToday - Korea's Leading Tech and Startup Media Platform . https://lnkd.in/gCTYznXw #KoreaTech #techindustryinkorea #technewsinkorea