Hyundai Motor Group said Thursday it has scouted Tomaso Poggio and Daniela Rus, experts on artificial intelligence, to work together on various projects of AI technology development. Poggio and Rus are serving as technology consultants and have been giving advice on utilizing AI to build planning and technological strategies for new business models, to establish a global research organization and to set investment directions for research infrastructures. Poggio, who heads the Center for Br

Posco, a South Korean steelmaker, said Thursday it received dividends of about 50 billion won ($42.6 million) from Roy Hill Holdings, which operates an iron ore mine in Australia. According to Posco, the Roy Hill Holdings board of directors agreed to start profit-sharing for the first time, seeing the improved financial solvency and profit. Hancock Prospecting owns 70 percent of Roy Hill Holdings, and the remainder of the shares is held through a consortium, in which Posco is included along w

Asiana Airlines will offer a special two-hour flight to nowhere next month, becoming the first among local airliners to provide the service to ordinary customers. Known as the “hotel in the sky,” the airline’s A380 aircraft will fly out of Incheon Airport and travel over Gangneung in Gangwon Province, Pohang in North Gyeongsang Province, Gimhae in South Gyeongsang Province and Jeju Island, before coming back after a flight of one hour and 20 minutes on Oct. 24 and 25. Seats be

Chairman and CEO of Ssangyong Engineering & Construction Co. Kim Seok-joon is visiting Dubai in the midst of a pandemic to supervise the details of the company’s $1 billion Royal Atlantis Hotel project, the company said Thursday. Kim, who left for the United Arab Emirates city earlier this week, will visit the construction site of the hotel whose work is set to be complete by June next year. He will also meet with the project owners during his trip. “Videoconferencing has had

Hyundai Motor, Hyundai Heavy Industries ask employees to refrain from visiting hometowns

Merck Korea has donated 25,000 euros ($29,000) to an Ansan, Gyeonggi Province, multicultural children care center, the company said Thursday. The fund will be used, among other things, for a Korean-language tutor, a computer room and a multimedia facility, according to nonprofit organization Loving Neighbors. The decision was driven by Kim Woo-kyu, the new managing director of Merck Korea. The corporate social responsibility program is Kim’s first official activity in the post. Merck is

Samsung Biologics will contract develop Kanaph Therapeutics’ retinal disease treatment, the company announced Thursday. Kanaph’s KNP-301 is a C3bg Inhibitor-VEGF binder novel drug candidate that treats dry and wet macular degeneration, diabetic retinopathy and diabetic macular edema. Samsung Biologics will undertake all steps of the drug development, spanning cell line development, development process optimization and preclinical and clinical sample manufacturing. “For a b

Samsung Display said Thursday the company has received the highest level of certification for its efforts to produce no industrial waste from Underwriters Laboratories as the first Korean manufacturer. The Korean panel maker’s production site (line No.1) in Asan, South Chungcheong Province, obtained a platinum grade in the zero waste to landfill segment. Underwriters Laboratories grants the platinum level for manufacturing sites that recycle all of their industrial waste, while givin

LG Electronics unveiled a collaboration on future car interiors with Hyundai Motor Company, the tech giant said Thursday. Dubbed the “Ioniq Concept Cabin,” the model offers a glimpse of the inside of how future vehicles could look like if they go fully electrified. The two companies focused on maximizing the benefit of greater space inside of future electric vehicles than conventional combustion engine cars, aiming to make passengers feel at home. The Ioniq Concept Cabin feat

Dolby Laboratories Inc., a US-based audio and imaging technology giant, said Thursday it has signed a deal to supply its advanced cinema solutions to local multiplex operator Megabox for the next five years. Under the deal, Dolby Labs will provide its auditorium package to Megabox, starting with its movie theaters in Gyeonggi Province. The value of the contract was not revealed. The auditorium package consists of Dolby Labs' speakers, integrated media servers, cinema processors, and multicha

LG Electronics Inc. on Thursday added three new models to its budget smartphone lineup as the South Korean tech firm targets to expand its mobile sales. The K62, the K52 and the K42 have been added to LG's K series family and will be launched next month starting in Europe. LG did not reveal prices of the new smartphones. All three models have a 6.6-inch punch-hole display with a 20:9 aspect ratio, and a quad-rear camera setup. They all pack a 4,000-mAh battery. The K42 sports a 13-megapixe

Samsung Electronics Co. on Thursday launched two new charging accessories for mobile devices in South Korea. Samsung's new Wireless Charger Trio can charge up to three mobile devices, such as smartphones, wireless earbuds and smartwatches, at the same time. The pad has six charging coils, offering better charging surface coverage. The multi-device charging station comes in two colors, white and black, and has a price tag of 99,000 won ($85). Samsung also released a power bank that boasts 2