Naver has invested in Panthalassa, a U.S. startup developing floating AI data centers powered by ocean waves, to secure infrastructure for growing AI computing demand. The investment amount and stake …
Google surpassed Naver in monthly average users (MAUs) in South Korea for the first time, with the Google app recording 47.02 million MAUs in May 2024, compared to Naver's 46.84 million, according to …
Seoul shares surged nearly 13 percent late Friday morning, with the KOSPI adding 717.3 points to trade at 6,310.86, as investors scooped up semiconductor shares following Microsoft's strong earnings t…
Seoul shares fell by more than 1 percent Thursday as retail investors heavily sold tech stocks amid concerns over artificial intelligence spending and uncertainty about the Federal Reserve's interest …
United Microelectronics Corporation (UMC) is expanding its 12-inch wafer capacity in Singapore and Taiwan to capture surging demand for silicon photonics, a critical hardware bottleneck for AI data ce…
Nvidia's recent flurry of AI deals, including a $500 billion partnership with SK Group, a $1 billion investment in Naver, and backing up to $600 billion in financing for OpenAI's data center and chip …
President Lee Jae Myung of South Korea reiterated his 'San Francisco AI Declaration' during a video call from Brazil, positioning Korea as a trusted manufacturing base for AI semiconductors and a reli…
Korean stocks plummeted more than 8 percent late Tuesday morning as the Korea Composite Stock Price Index (KOSPI) fell 580.04 points, or 8.59 percent, to 6,175.71, triggering a marketwide circuit brea…
South Korea and global technology firms plan semiconductor partnerships valued at $950 billion following the San Francisco AI Summit, the presidential office said Saturday. Samsung Electronics and Bro…
South Korea unveiled plans on June 29 to invest over $1 trillion in public and private AI infrastructure, anchored by a $518 billion commitment from Samsung Electronics and SK Hynix to build four new …
Nvidia will buy a 4.5 percent stake in Naver for $1 billion, becoming its third-largest shareholder, as part of a $10 billion AI infrastructure package with Brookfield. The remaining $9 billion is sti…
Nvidia plans to acquire $1 billion in newly issued Naver shares at 204,500 won apiece, sending Naver's stock up more than 10% on July 27, 2026. The investment will fund a nearly fourfold expansion of …
Nvidia will acquire a 4.5% stake in Naver through a $1 billion strategic investment, the companies announced Monday. Naver will issue about 7.24 million new shares at 204,500 won ($140) each, with pay…
South Korean President Lee Jae Myung announced $950 billion in chip partnerships with global Big Tech firms during a visit to San Francisco, reinforcing Korea's role in the AI supply chain. The agreem…
Rep. Na Kyung-won of the People Power Party accused President Lee Jae Myung of engaging in "piggyback diplomacy" during his trip to the San Francisco AI Summit, claiming he took political credit for c…
South Korean conglomerates and global tech giants, including Nvidia Corp., agreed Friday to pursue cooperation projects worth US$950 billion, presidential chief of staff for policy Kim Yong-beom said.…
Nvidia is investing $1 billion in South Korean internet company Naver to finance an AI data center expansion from 55 megawatts to 200 megawatts, and announced a $500 billion commercial partnership wit…
Nvidia and SK Group announced a $500 billion-plus strategic partnership on July 24-25, 2026, covering a 2-gigawatt AI factory in South Korea and a long-term memory co-development pact with SK Hynix th…
Nvidia has secured a contract with South Korea's SK Hynix, potentially worth $500 billion over several years, to ensure supply of high-bandwidth memory (HBM) chips critical for AI computing. The deal,…
Naver has received a combined $10 billion investment commitment from Nvidia and U.S. private equity firm Brookfield to finance its AI data center project in South Korea, with Brookfield agreeing to in…