Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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[MWC 2022] Korean telcos set sight on groundbreaking 5G network tech
The chiefs of all three major telecommunication firms in South Korea -- KT, SK Telecom and LG Uplus -- are poised to attend the forthcoming tech event Mobile World Congress 2022 onsite in Barcelona, Spain, where next-generation network technologies are set to take center stage. At the MWC 2022, which runs from Feb. 28 to March 3, Korean telcos will showcase how they have shifted gears in their radio access network technology. This shift has enabled mobile handsets to be connected with a core n
Feb. 22, 2022
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LG's OLED TV shipments double in 2021: report
LG Electronics Inc. shipped more than four million units of premium OLED TVs last year, double the volume from a year earlier, on steady demand for premium TVs, a report showed Tuesday. The South Korean consumer electronics giant shipped a total of 4.04 million OLED TVs last year, with record quarterly sales of more than 1.41 million units in the fourth quarter, market researcher Omdia said. Last year, the global OLED TV sector grew a whopping 80 percent on-year to hit sales of more than 6.5 mil
Feb. 22, 2022
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SK chief assumes chairman role at SK Telecom
SK Group said Monday Chairman Chey Tae-won will assume the chairman title of its telecom unit SK Telecom to boost the group’s burgeoning artificial intelligence business. SK said the chairman will play a supporting role as he serves as an unregistered director on the board rather than participating in the daily operations directly. Chey has served as the chairman of SK Inc., the holding unit, as a board member, while taking the chairman post of SK Innovation, the chemicals and energy u
Feb. 21, 2022
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Samsung faces shareholder call for more radical green push
Despite a series of actions and pledges to make its business more environmentally sustainable, Samsung is still facing calls for a more aggressive approach to reducing greenhouse gases from global institutional shareholders of the tech titan. The latest to do so was APG, a Dutch pension fund that oversees nearly 630 billion euros ($716 billion). On Thursday, APG revealed that Samsung Electronics was one of the 10 South Korea-based investees to which it has sent a letter urging a greater effort
Feb. 18, 2022
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Biometric technology halves payment costs, Boston Consulting says
Alert credit card companies in Korea. Biometric technology using facial, iris, voice, fingerprint and finger vein recognition could halve the current money transfer costs through credit card and mobile transactions totaling at 2.7 trillion won ($2.2 billion) annually, Boston Consulting Group said Friday in a report. “The 2.7 trillion won is an approximation of the sum of 290 million hours and 110.7 million square meters, time and space annually needed to process payments in the convention
Feb. 18, 2022
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KT to pay $6.3m to US SEC to settle corrupt practice charges
KT, South Korea’s largest telecommunications firm by sales, will pay a total of $6.3 million to the US Securities and Exchange Commission to resolve charges for violating the Foreign Corrupt Practices Act, an SEC announcement showed Friday. The SEC ordered the Seoul-based firm to pay $3.5 million in civil payments and $2.8 million in disgorgement and prejudgment interest within a month, more than two years after the US authorities started their investigation. KT was accused of insuffici
Feb. 18, 2022
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Lippert’s expertise to boost Samsung’s US strategy
Samsung Electronics America said Wednesday it has hired former US Ambassador to South Korea Mark Lippert as its public relations chief, in an apparent move to better respond to uncertainties surrounding policy changes in the US, especially on chips. The former envoy will lead the company’s Washington office as executive vice president and head of North American public affairs from March 1. Samsung said Lippert’s insight into policy changes and regulations in the US will play a key
Feb. 17, 2022
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Samsung woos wine lovers with new Bespoke refrigerators, IoT features
Samsung Electronics said Thursday a wine cooler will be part of its new home appliance package under its Bespoke brand to target wine lovers in South Korea, coupled with its Internet of Things features for wine pairing recommendation. Its new premium built-in side-by-side refrigerator, under its brand-new Bespoke Infinite lineup, has a dual-zone vertical wine cooler that can hold up to 101 bottles of wine. The temperature for each zone can be set at between 4-18 degrees Celsius, enabling user
Feb. 17, 2022
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Samsung SDS joins AWS’ exclusive global network
South Korean IT solutions provider Samsung SDS said Thursday it has signed a new partnership with cloud giant Amazon Web Services to bolster bilateral ties and strengthen their corporate cloud business. Under the renewed partnership, Samsung SDS is also joining AWS’ “exclusive” global business network, along with other global partners like Verizon and NEC. The two firms have already carried out diverse corporate projects since January last year, in which they support business
Feb. 17, 2022
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ICT minister calls for telcos' cooperation on dispute over additional 5G frequencies
Science and ICT Minister Lim Hye-sook on Thursday met with the heads of three major South Korean telecom operators to discuss a dispute over additional 5G network frequency bands and urged cooperation in providing better network service to consumers. In December, the ministry agreed to open bidding for additional 5G networks in the 3.4- to 3.42-gigahertz spectrum, as requested by LG Uplus, the smallest mobile carrier. Lim earlier hinted at a possible delay in the auction -- initially planned for
Feb. 17, 2022
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Korean chip industry to invest W56.7tr this year: lobby group
The South Korean semiconductor chip industry is poised to invest 56.7 trillion won ($47.4 billion) in 2022 to create jobs and strengthen a supply chain amid talent shortages and external uncertainties, according to a lobby group Wednesday. The figure for some 150 companies across the Korean chip supply chain is 10 percent higher than the domestic industry’s total spending in 2021 at 51.6 trillion won, according to the Korea Semiconductor Industry Association. The lobby group is currently
Feb. 16, 2022
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Samsung unveils board reshuffle plan
Samsung Electronics unveiled Tuesday a plan to add six new board members and put them to the vote at an upcoming shareholder meeting in March. With the move, Samsung is likely to place more emphasis on its memory chip operations and sustainability in its business, which includes smartphones, consumer electronics goods and semiconductor chips. Among the incoming inside board member nominees is Samsung Electronics CEO Kyung Kye-hyun, who oversees its Device Solutions Division dedicated to semic
Feb. 15, 2022
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LG's AI fashion designer Tilda debuts in New York
LG Group’s virtual fashion designer powered by the hyperscale artificial intelligence has debuted at New York Fashion Week, bringing the engine’s text-to-image generation capability to new heights, its holding company LG Corp. said Tuesday. The virtual fashion designer, named Tilda, has collaborated with Park Youn-hee, a South Korea-born fashion designer behind the Greedilous brand. The collection was unveiled during a Fall 2022 runway show Monday held at Spring Studios, a po
Feb. 15, 2022
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Samsung, LG among top 5 international patent filers
South Korea’s tech giants Samsung Electronics and LG Electronics were among the five largest patent cooperation treaty (PCT) filers worldwide, the Korean Intellectual Property Office said Monday. A PCT is a global filing service that protects inventions, allowing applicants to seek international protection for an intellectual property simultaneously in over 150 countries with a single filing. Under the mechanism devised by World Intellectual Property Organization, a United Nations agency
Feb. 14, 2022
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Top talents in Korean chipmakers offered later retirement
Engineers at South Korea’s semiconductor chipmakers are increasingly being offered the chance to put off retirement to a later date. This comes as the memory chip powerhouse, home to Samsung Electronics and SK hynix, experiences a talent shortage in the industry. The move will likely be welcome news to the government, which is struggling to find ways to deal with the economic impact of the country’s rapid demographic shift toward an aging population. Starting this year, Sa
Feb. 13, 2022
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ICT ministry to invest W130b in data projects this year
South Korea's ICT ministry said Sunday it plans to spend 129.8 billion won ($108.2 million) on ramping up data projects this year, including distributing "data vouchers" to support small and medium-sized businesses. The latest investment comes as part of efforts to utilize data collected from the so-called Data Dam project, an initiative that kicked off in 2020 to gather data generated through public and private networks to maximize data utilization. The ministry said it will allocate
Feb. 13, 2022
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Harman acquires German auto tech startup Apostera
Samsung Electronics said Friday its subsidiary Harman, the US automotive solutions maker, has acquired German auto tech startup Apostera to bolster its leadership in the burgeoning connected car technology market. With the latest deal, Harman aims to further diversity its automotive product offerings using Apostera’s specialty in augmented reality and mixed reality software solutions. Established in 2017, the Munich-based Apostera supplies AR solutions for automotive head-up displays a
Feb. 11, 2022
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Built-in stylus for S22 Ultra signals end of Note era
The release of Samsung Electronics‘ Galaxy S22 Ultra showed that its Note era might have just ended, with the S series phones inheriting features that had defined the Note series. Since August 2020, the world’s largest smartphone manufacturer has yet to announce a new Note lineup, with Note 20 and Note 20 Ultra being the last to be released in the decade-long history of the Note series. The virtual Unpacked event held on Thursday (Seoul time) showed that the S22 Ultra -- the highe
Feb. 10, 2022
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Artificial intelligence powers Samsung Galaxy S22 series
Cameras that take lens flare-free photos at night, sunlight-readable displays and enhanced durability with tougher and lighter frames: all are included with the newest flagship 5G smartphones unveiled by Samsung Electronics at a virtual Galaxy Unpacked event held late Wednesday, at midnight Seoul time. The world‘s largest smartphone maker by shipments said its premium Galaxy smartphones S22, S22+ and S22 Ultra, as well as the Galaxy Tab S8 tablets, will be available worldwide starting F
Feb. 10, 2022
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KT adds Amazon's Alexa voice service on its AI speakers
South Korean telecom giant KT Corp. said Thursday it rolled out a new service that allows customers to enjoy Amazon's voice assistant on its artificial intelligence speakers to better meet demand for English education. KT said it has joined hands with US retail giant Amazon.com Inc. to launch the Dual Brain AI service, which integrates Amazon's Alexa virtual voice service into its GiGA Genie speakers to support both Korean and English languages. The service is available immediately on all 3.1
Feb. 10, 2022