Samsung Electronics’ former mobile business chief Koh Dong-jin was the highest-paid executive at the Korean tech giant last year, according to the firm’s regulatory filing Tuesday. Koh, who has stepped away from daily operations to assume an advisory role, took home an annual pay of 11.8 billion won ($9.5 million) last year, including bonuses worth 4.04 billion won and a retirement pay of 6.43 b...

South Korean conglomerate Doosan Group has become the largest shareholder of a local chip-testing firm, Tesna, in a move to secure a footing in the surging semiconductor market. According to Doosan Wednesday, the group recently purchased a 38.7 percent stake in Tesna for 460 billion won ($373.1 million). Founded in 2002, Tesna has specialized in testing various chips, including processors for s...

South Korea’s antitrust watchdog is expected to investigate Samsung Electronics over a complaint that the company has exaggerated the performance of its Galaxy smartphones. According to industry sources Tuesday, the Fair Trade Commission received a complaint that Samsung Electronics violated advertisement law when it promoted its Galaxy S22 smartphones. With the complaint filed to the FTC, the ...

Posco Chemical said Tuesday it will build an electric vehicle material factory with General Motors in Canada. According to the refractory and secondary battery materials arm of South Korean steel giant Posco, the two firms will together invest $400 million to construct the first phase of a cathode production facility in Quebec, Canada. The two parties discussed a joint cathode factory since Dec...

Samsung Electronics is facing accusations that it exaggerated the performance of its flagship smartphone Galaxy S22 series. The controversy revolves around an application called game optimizing service, or “GOS.” When users play games with Galaxy S22 smartphones, GOS is activated and adjusts the performance of smartphones to help batteries last longer and prevent overheating issues. Gamers have...

LG Electronics said Sunday it has launched a brand-new laptop, Chromebook, to target the growing education market, the size of which is expected to increase five times in three years. According to the consumer electronics firm, the 11-inch laptop offers a touch screen and can be utilized as a tablet as it bends backward. Weighing just 1.44 kilograms, the laptop is available for 690,000 won ($56...

Samsung Electronics has suspended its shipments to Russia and donated $6 million to Ukraine, according to industry sources Sunday. The South Korean tech giant has become the latest multinational firm to join comprehensive sanctions against Russia, where the market has crashed and the value of the ruble has plummeted. Despite its export embargo on Russia, Samsung Electronics will still operate it...

Samsung Electronics said Thursday that its next-generation memory chip set a world record on speed. According to the South Korean tech giant, its LPDDR5X memory chip operated at 7.5 gigabits per second, the fastest speed among memory chips in the market. Short for low power double data rate 5X, the LPDDR5X chip performed at the record speed on Qualcomm’s latest Snapdragon mobile platform. Unvei...

BARCELONA, Spain -- LG U+ will export virtual reality content to Zain Group, a mobile carrier in the Middle East with more than 50 million users, in its effort to take initiative in the burgeoning global XR market. During a press conference held at the Mobile World Congress 2022 in Barcelona on Wednesday, local time, LG U+ CEO Hwang Hyun-sik said the South Korean telco will aim to sell content t...

To stabilize soaring global oil prices amid the heightening crisis between Russia and Ukraine, South Korea on Wednesday decided to join the International Energy Agency to release 60 million barrels to the market. According to the Ministry of Trade, Industry and Energy Wednesday, the 31 members of the IEA held an online meeting on Tuesday and agreed to inject some 60 million barrels of emergency ...

BARCELONA, Spain -- SK Telecom CEO Ryu Young-sang announced at World Mobile Congress 2022 on Monday, local time, that the firm has chosen three new technologies to seek future growths -- metaverse, artificial intelligence chips and quantum cryptography. During a press conference, Ryu pledged to make a foray into those future technologies this year as the company has accumulated enough know-how o...

To maximize its tablet function, the Galaxy Book2 Pro 360 supports S-Pen. Though the model is for general users, it supports Microsoft Secured-core PC, an enterprise-level security system also mounted on Galaxy Book2 Business. The Galaxy Book2 Pro 360 is priced starting at $1,249.99. For consumers looking for regular clamshell laptops, Samsung Electronics offers the Galaxy Book2 Pro. Compared to...

As the US Biden administration imposes economic sanctions against Russia for invading Ukraine, South Korean firms including Samsung Electronics and SK hynix are expected to take collateral damage. On Friday, President Joe Biden unveiled comprehensive economic sanctions to cripple the Russian economy. The sanctions would limit the export of products that can potentially increase Russia’s ability ...

Samsung Electronics on Friday launched its latest flagship smartphone Galaxy S22 as well as its tablet Galaxy Tab S8 in some 40 countries. According to the South Korean tech giant, the new devices will be available in major markets including Korea, the US, Canada, the UK and France. In March, the high-tech gadgets will be available in more than 130 countries. The Galaxy S22 and the Galaxy Tab S...

Korea Electric Power Corp. hemorrhaged a record operating loss of 5.8 trillion won ($4.8 billion) last year, going back into the red after an operating profit of 4 trillion won the year before. Kepco suffered an unprecedented deficit as the public company couldn’t raise electricity prices in line with rising global fuel prices, due to the government’s inflation concerns. The figure is almost do...