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Tag: south korea (page 1 of 2)

Hyundai Motor invests in yet another Israeli startup, use it in global production line

Hyundai Motor, South Korean automaker, has invested in Tel Aviv-based Israeli startup UVeye, an automated vehicle inspection systems’ developer. Hyundai aims is to use the platform in global production lines. UVeye has raised more than $40 mn from Hyundai and other investors in four years of its launch. Its system combines AI, cloud architecture, ML and sensor fusion tech. Hyundai Motor investments in Israeli companies include Autotalks and Opsys Technology.

Lazarus group hacks into S Korean supply chains, N Korea under suspicion

Infamous Lazarus group is been behind a new campaign against South Korean supply chains, made possible through stolen security certificates. Cybersecurity researchers from ESET revealed that the group abuse the certificates, stolen from two separate legitimate South Korean companies. Also known as Hidden Cobra, the group is suspected of being tied to North Korea. Lazarus is connected to the infamous 2014’s cyberattack on Sony Pictures Entertainment.

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Samsung Chairman Lee Kun-hee dies at 78, succession battle may follow

Samsung Group Chairman Lee Kun-hee (78), who built the South Korean firm into a global powerhouse, died on Sunday. The country’s richest man had been vilified for his economic clout, opaque governance and dubious transfers of the family wealth. Lee was a second-gen leader, and may have left a potential thorny succession battle for the third. He owned 20.76% of the insurance firm and 4.18% of Samsung Electronics, as the biggest individual shareholder.

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South Korea launches anti-trust probe into Google

South Korea has launched an antitrust investigation into Google over its plans to enforce commission fees for in-app purchases made through its mobile app store. The US tech giant has come under intense scrutiny from S Korean regulators along with Indian entrepreneurs for mandating apps to make purchases through its billing system. S Korean developers have voiced strong opposition against the move, arguing that it could violate local fair trade and telecom laws.

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South Korean chipmaker SK Hynix launches world’s first DDR5 DRAM

World’s second largest DRAM producer – SK Hynix – has launched the world’s first DDR5 DRAM in S Korea. It is a next-gen DRAM standard with transfer rates of 4800-5600 Mbps – 1.8X faster than DDR4. The product also consumes less power with operating voltage 1.1V, being lowered from DDR4’s 1.2 V. It is optimised for use in data intensive applications – big data, AI, ML. Researchers expect DDR5 to cover 10% of the total DRAM market in 2022 and 43% in 2024.

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South Korea ranks number 1 in 5G deployment

Omdia’s latest research ranks S Korea as the leading country for 5G deployment. The findings are based on deployment progress of 5G, network coverage, subscriber take-up, 5G spectrum availability and regulatory ecosystem for 22 countries. Following in line are Switzerland and Kuwait. The USA ranks fourth, China sixth and the UK seventh. While Indian telecom operators like Reliance and Airtel are gearing up to introduce 5G, there is still a long way to go.

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PUBG Mobile hit by DDoS attacks globally

PUBG Mobile was hit by DDoS attacks leading to several players getting disconnected from the game worldwide. The developer acknowledged the issue and said that its teams were actively working to resolve the attack. PUBG Mobile was one of the most popular battle royale games in India, before the centre banned it on 2nd Sept 2020. The S Korean developer has been trying to get the ban revoked whereas the govt officials say that they are in no hurry to do so.

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South Korea’s PUBG Corp cuts publishing ties with Tencent games

Following the ban by the Indian govt, PUBG Corp has ended all publishing ties with Tencent Games in India. PUBG Corp will no longer authorise the PUBG Mobile franchise to Tencent games in India. PUBG Corp is an S Korean firm that made PUBG but not PUBG Mobile. PUBG Mobile was initially made so that PUBG could enter the Chinese market as it was banned there. Only after Tencent bought a 1.5% stake in PUBG Corp parent Bluehole, was the game released in China.

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Samsung wins $6.6B network equipment deal from Verizon

Samsung Electronics, on Monday, said it’ll supply network equipment to US telecom giant Verizon for $6.6B, marking the largest network equipment supply deal in the history of S Korean giant. Samsung said it will supply network solutions, including 5G, for the next five years until December 2025. With the US mulling ban on Huawei, which topped as world’s 5G equipment supplier, Samsung gets a huge market opportunity to flaunt its 5G equipment capabilities.

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