Unrivaled technology, new mindset to lay basis for customer-centric approach, say top execs

Speculation is growing that Samsung Electronics Vice Chairman Lee Jae-yong may go on a work trip later this month possibly to China where the Korean tech giant is struggling to elevate smartphone and home appliance sales. According to industry sources on Monday, the de facto Samsung chief is expected to make another business trip during the court’s holiday recess that begins later this month. Le...

LG Electronics said Monday it would introduce a new in-vehicle infotainment concept tailored to autonomous vehicles at CES 2022, indicating that its car cabins can turn into a space where passengers work, watch TV, exercise or experience camping virtually. Called LG Omnipod, the new mobility concept solution gives a glimpse of an on-the-road extension of one’s personal living space which is desi...

The number of smartphone users on 5G mobile networks had topped 20 million as of November for the first time since the service was commercialized in 2019, data showed Monday. The total number of 5G users reached 20.19 million in November last year, accounting for around 28 percent of the total 72.57 million mobile subscriptions in the country, according to the data from the Ministry of Science a...

NFT market likely to reach new high, driven by clothes and fan merchandise this year, experts say

Other Korean exhibitors will also show how to take metaverse to the next level, with the use cases of metaverse-inspired platforms in the real world. LG Electronics’ in-person exhibition booths are expected to offer visitors an immersive experience in a room-scale virtual reality space, featuring premium home appliances such as organic light-emitting diode televisions, fridges with ice makers un...

From ground to sky, and at home, robots have permeated into daily lives; Korean tech firms -- both small and big -- are betting on this fast-emerging market this year

South Korean tech giant Samsung Electronics said Sunday it plans to unveil the world’s first gaming monitor with both a 4K resolution and a 240 Hz refresh rate display at the upcoming CES 2022. Thus far, gaming monitors with ultrahigh definition -- having the resolution of 3,840 pixels wide and 2,160 pixels high -- have shown a latency of up to 144 Hz display. With the new 32-inch monitor, dubb...

Samsung Electronics Co. said Thursday it sold four times as many foldable Galaxy Z series phones this year as last year, further solidifying its lead in the fast-growing new smartphone segment. While the South Korean tech giant did not disclose the exact tally, the total sales of the Galaxy Z series is believed to be around 8-9 nine million units this year, led by the popularity of the Galaxy Z ...

The Ministry of Science and ICT said Wednesday it will open up public Wi-Fi networks in case of network outages to help citizens gain access to basic telecommunication services. The decision came two months after KT Corp., a major South Korean telecom operator, suffered a nationwide network outage of services due to a routing error in the process of upgrading its equipment. The outage crippled ...

World’s largest memory chipmaker gets demand boost from data-center growth, 5G and metaverse

The loosening of a device to anchor a helium tank of the Nuri space rocket was found to have caused the early shutdown of the rocket's third-stage engine, leading to a mission failure, the science ministry said Wednesday. In October, South Korea launched the country's first homegrown space rocket, also called the KSLV-II. It flew to a target altitude of 700 kilometers, but failed to put the dum...

Dunamu, the operator of Korea’s largest cryptocurrency exchange Upbit, is putting priority on protecting investors in the fast-growing crypto market by correcting deposit errors and strengthening its security systems. The blockchain company has recently returned 154 billion won ($130 million) to investors who had mistakenly deposited money into other people’s blockchain wallets. Since 2017, the...

South Korea plans to double the number of electric and hydrogen vehicles on its roads next year as part of efforts to achieve its goal of net zero carbon emission by 2050. The government will seek to bring up the number of electric and hydrogen cars in use to about 500,000 in 2022, from the current level of about 248,000 units, the environment and four other ministries said in their joint announ...

Apple could submit its compliance plans for a new South Korean law that bans app store operators from forcing in-app payment systems on developers, industry sources said Tuesday. The new law went into effect in September, making South Korea the first country in the world to introduce such curbs on in-app billing policies of Apple and Google. The Korea Communications Commission (KCC) requested A...