LG Electronics said Monday it has joined the IBM Quantum Network as a member to further explore its applications for quantum computing required in the field of artificial intelligence, connected cars, internet of things and robotics. LG Electronics, an electronics arm of South Korea‘s fourth-largest conglomerate, was the latest to take part in the alliance of over 170 entities. Those taking part...

Samsung Display, the display panel maker arm of Samsung Electronics, said Monday its latest quantum-dot organic light emitting diode display technology was certified by evaluation services provider SGS. The QD-OLED, touted as the technology to support next-generation TV picture quality, had received three certifications for True Color Tones, Pure RGB Luminance and Ultrawide Viewing Angle upon pe...

LAS VEGAS – SK Group’s three tech units, SK hynix, SK Telecom and SK Square, have teamed up to launch a new ICT technology development and investment body, called SK ICT Alliance. Their first project will be Sapeon Inc. where the three firms will make co-investments in the US to target the burgeoning AI chip market, the group said. During a press conference held on the sidelines of the Consumer...

LG Electronics has topped 70 trillion won ($58.2 billion) in full-year sales for the first time in its history in an earnings surprise, in the same year that the company took down its mobile phone business, a preliminary filing showed Friday. The revenue of LG Electronics came to 74.72 trillion won through 2021, up 28.7 percent from the previous year, according to its preliminary consolidated fi...

This is in line with Carbon to Green, a pledge first unveiled in July to cut direct and indirect carbon emissions entirely before 2050. The company plans to invest 1.5 trillion won ($1.2 billion) to cut 50 percent of greenhouse gas emissions by 2030 in petrochemical businesses, and to reduce 75 percent of emissions by 2050 from the whole value chain. The resolve comes to the fore as SK Innovatio...

South Korea-based SK Group is in talks with US chip maker Qualcomm to develop a new hyper speed memory chip tailored to data centers, its communication technology arm SK Square said Friday. The new chips would run applications or computers for data center operation in order to meet soaring corporate demand amid the global chip shortages that could cause server delays, according to SK Square, the...

South Korean cryptocurrency exchange Upbit said Friday that nonfungible tokens featuring images of main lead characters from TV drama series “Jirisan” had sold at record-low prices. NFTs are digital tokens of physical or digital assets, mostly of music or art, that guarantee ownership through blockchain technology. According to the digital asset trading platform, the pixel art NFTs of the chara...

LAS VEGAS -- Hyundai Motor has partnered up with Unity, the world’s leading platform for real-time 3D content, to connect an actual factory with its digital twin operating on metaverse space, the companies said Thursday. The Meta-Factory project will enhance plant management and innovate manufacturing, Hyundai Motor said, adding that it plans to first apply the concept to the Hyundai Motor Globa...

Samsung Electronics logged an operating income of 51.57 trillion won ($42.89 billion) for 2021, up 43.3 percent from a year prior, as its businesses ranging from semiconductor chips to smartphones and home appliances have seen a surge in global demand, its preliminary filing showed Friday. It was the company‘s largest annual profit since it posted 58.89 trillion won in 2018. It is also the third...

SK Telecom CEO Ryu Young-sang and Samsung Electronics’ mobile business chief Roh Tae-moon discussed their potential partnership on a slew of tech areas, including 5G network, artificial intelligence and the metaverse, the company said Thursday. “Samsung has been creating comprehensive services by converging different areas of business into one,” Ryu said at CES 2022 held in Las Vegas. “SK Teleco...

A South Korean research lab said Thursday that it has successfully developed the world's first intercontinental 5G-satellite network system to help communicate in case of a disaster. The 5G-satellite multiple network system -- co-developed with the European Union -- connects 5G networks to satellite networks to allow communication services in remote areas or in disasters, the state-funded Electr...

LAS VEGAS -- LG Electronics Inc. on Wednesday welcomed visitors to its massive booth, physically and virtually, at the Consumer Electronics Show (CES) in Las Vegas, offering an alternative approach to exhibiting its latest technology innovations amid the raging pandemic. LG Electronics virtually presented its new consumer electronics products, ranging from an indoor gardening gadget to a duel fi...

Specialized AI chips are essential components to enable artificial intelligence. They conduct massive calculations at high speeds but consume little power. Conventional AI data centers process data with graphics processing units. GPUs consume a lot of electricity and have emerged as a significant contributor to environmental pollution. SK Telecom‘s Sapeon, Korea’s first independently developed A...

New Samsung CEO says pandemic changed expectations toward healthier technology

From Samsung, Hyundai to startups, record number of Korean exhibitors to show off new technologies at world’s largest tech