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Today Technology

SK hynix chief vows to strengthen fundamentals, raise chip yield rate

Amid concerns growing over slowing demand for memory chips, SK hynix CEO Lee Seok-hee said Friday he would focus on strengthening the chipmaker’s fundamental competitiveness and improving the chip yield rate to cut production costs. “After an unprecedented boom for the past two years, we are expecting to face growing uncertainties in the global economy and slowing demand for memory chips,” the CEO told reporters after an annual shareholders meeting held at its headquarter in Icheon, Gyeonggi Pro

Twitter focuses on 'public conversation' in S. Korean society: CEO

Global online social networking service Twitter Inc. aims to make more people participate in "public conversation" in South Korea, the company's chief said Friday."We believe public conversation influences and drives society," CEO Jack Patrick Dorsey told reporters in Seoul, adding that the company is focusing on making the platform healthier. Jack Dorsey, co-founder and chief executive of Twitter, speaks during an event at a Seoul hotel on March 22, 2019, to celebrate the platform`s 13th annive

Mar 22, 2019
Technology
Samsung to launch world’s first 5G smartphone on April 5

Samsung Electronics announced Friday it will start selling the Galaxy S10 5G from April 5, to become the world’s first to launch a device for the fifth-generation telecommunications network. The company said the Galaxy 5G model will be available at Samsung outlets and its online mall as well as at shops of mobile carriers in Korea. Models introduce Galaxy S10 5G at the MWC 2019 in February.The South Korean tech firm said it will not be taking preorders for the 5G model. Instead, it will run a p

Mar 22, 2019
Technology
EU fines Google 1.49 bn euros for anti-trust breach

The EU's powerful anti-trust regulator slapped tech giant Google with a new fine on Wednesday over unfair competition, in Europe's latest salvo against Silicon Valley. (Yonhap)"Today the commission has fined Google 1.49 billion euros ($1.69 billion) for illegal misuse of its dominant position in the market for the brokering of online search adverts," EU Competition Commissioner Margrethe Vestager said.In its third major decision against the search engine behemoth, Brussels sanctioned Google's Ad

Mar 20, 2019
Technology
Samsung vows 5G and AI lead, shareholders lambast low stock price

In the first shareholders meeting Wednesday since a 50:1 stock split in May last year, Samsung’s chief executives vowed better performance with technological leads in 5G and artificial intelligence, while some shareholders strongly lambasted the constantly low share price.Some 1,000 shareholders attended the meeting held at the Seocho headquarters of the conglomerate, which was attended by Vice Chairman Kim Ki-nam, Kim Hyun-suk, chief of Samsung’s consumer electronics division, and Koh Dong-jin,

Mar 21, 2019
Technology
Kakao expands into tourism industry after acquiring Tidesquare

South Korea’s leading mobile messenger operator, Kakao, is seeking to make inroads into the tourism industry after acquiring a local travel company. According to Kakao’s publicly filed 2018 financial audit report, it purchased a 28.9 percent stake in Tidesquare. The estimated value of the deal was 34.7 billion won ($30.7 million). Despite Kakao’s stake in Tidesquare being less than a majority, the travel company was listed as a subsidiary of Kakao. This is because the potential voting rights gra

Mar 21, 2019
Technology
Market gloomy over chipmakers’ plummeting earnings forecasts

Lower-than-expected Q1 estimates of Samsung, SK hynix overclouds chip-reliant economy

Mar 20, 2019
Technology
Analysts call on Korean panel makers to make faster shift to OLED

In response to Chinese panel makers’ latest moves to start producing large liquid crystal display panels, market analysts called on Korean display companies to speed up execution of their plans to switch existing LCD panel production lines to organic light-emitting diode panel lines at a conference held in Seoul on Tuesday. “In the long run, it is clear that LCD prices are going downhill -- with some quarterly ups and downs -- but Samsung Display and LG Display are still being cautious about shu

Mar 20, 2019
Technology
Samsung passing test to hasten Korea’s 5G launch

Concern persist among experts over government’s ‘hasty’ efforts to clinch the title of world’s first 5G service

Mar 19, 2019
Technology
Ready, set, binge: LG looks to change course with M&As

LG Electronics CEO Jo Seong-jin recently conceded that as a newcomer in the mergers and acquisitions market in 2015, the firm had a tough time acquiring a stake in family-owned Austrian headlight maker ZKW Group. After years of negotiations, the tech giant and its holding firm LG Corp. were finally able to purchase shares worth 1.1 billion euros ($1.25 billion) in April 2018. It marked the largest acquisition in its 70-year history. Before that, it was focusing on research and development. (Hera

Mar 19, 2019
Technology
Samsung’s 2nd Pyeongtaek memory fab likely to start operation early next year

Tech giant seen moving fast to maintain lead on prediction of market recovery next year　　

Mar 18, 2019
Technology
Samsung says updates will improve fingerprint scanning on Galaxy S10

In response to complaints raised by some users of Galaxy S10 and S10+ models regarding its first in-display fingerprint scanner, Samsung Electronics said Thursday it will keep upgrading software to improve performance.Among early users of the latest Galaxy S10 and S10+ devices, some questioned the accuracy of the ultrasonic in-display fingerprint scanning function, a technology provided by Qualcomm, after about a week of use.Samsung has chosen the in-display fingerprint scanner over its iris aut

Mar 15, 2019
Technology
Galaxy S10 shipments to be 20 million in H1

Samsung Electronics is expected to ship out a total of 20 million Galaxy S10 series phones within the first half of this year, industry sources said Wednesday. If they are correct, the series will achieve a slightly better showing than its predecessor.The 10th-anniversary Galaxy S10 phones, which went on sale throughout the world Friday, are expected to achieve sales targets of 10 million for the first quarter and another 10 million for the April-June period, according to Samsung’s parts supplie

Mar 14, 2019
Technology
LG to kickoff preorders of G8 ThinQ featuring practical design aspects

A model promotes a LG G8 ThinQ model. (LG Electronics)Shunning the hype on unconventionally bendable fondable phones to be launched by rivals, LG Electronics is seeking to make a mark through practical innovations for its eight edition of G8 ThinQ series.The South Korean tech giant has announced that it will start preorders for its latest G series phone starting Friday at a retail price tag of 897,000 won ($791) here. It is slightly cheaper than rival Samsung Electronics’ Galaxy S10e model at 89

Mar 12, 2019
Technology
Instagram to help K-pop expand globally: CEO

The global photo- and video-sharing platform Instagram aims to help South Korean culture, noticeably K-pop and esports, expand globally, the company's new chief said Monday."K-pop is much more than just music," CEO Adam Mosseri told reporters in Seoul, emphasizing the significance of the local market as an innovation powerhouse that leads trends around the world.The company said K-Pop has been one of the most popular and most buzzed-about musical genres on Instagram in the past four years. Indon

Mar 11, 2019
Technology

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