Despite stagnant smartphone biz, Samsung still seen tied to mobile while others on race to new market

In the face of the Saudi Arabian government’s pledge to attract foreign companies to relocate their regional headquarters to its capital city of Riyadh, LG Electronics is being pressured to move on par with other multinational companies. According to LG Electronics and news reports, the tech company, dedicated to manufacturing TVs, monitors, laptops and home appliances, is considering establishing regional headquarters that oversees its operation in the Middle East and Africa, covering s

The South Korean government said on Wednesday it will invest 402.7 billion won ($337.4 million) in the development of processing-in-memory (PIM) chips, in addition to the 1 trillion won it pledged earlier to spend on artificial intelligence semiconductors over nine years to 2029. PIM semiconductors are known as next-generation AI chips with higher processing efficiency. The Ministry of Science and ICT said it discussed ways to advance the AI industry with AI experts from Samsung Electronics, L

South Korean telecom carrier KT looks to launch autonomous delivery vehicles in Korea before the end of 2022 by partnering with Russian autonomous rover maker Yandex Self-Driving Group, KT said Tuesday. The two companies have signed a memorandum of understanding at a Yandex office in Moscow, and are at an early stage of cooperation to integrate KT‘s artificial intelligence and digital capability with Yandex’s self-driving technology. KT added the MOU, in addition to its launch pla

Samsung Electronics said Tuesday it has teamed up with California-based chip maker Advanced Micro Devices to unveil its flagship Exynos 2200 processor chips for mobile phones, in a delayed announcement by a week. The partnership with AMD in Samsung’s processor business has boosted energy efficiency and graphic processing performance compared to predecessors like Exynos 2100, the company said. Manufactured in Samsung‘s cutting-edge 4 nanometer extreme ultraviolet lithography proces

South Korea’s No. 2 telecom carrier KT and the nation’s second-largest banking group Shinhan Financial Group said Monday that they have forged a new alliance to spur collaborations on futuristic technologies in a cross-shareholding deal. Under the deal worth 437.5 billion won ($367 million), KT will acquire a 2.08 percent stake in Shinhan Financial Group, while Shinhan Bank, the group’s banking unit, will in return acquire a 5.46 percent stake in KT. As the result of the tr

South Korean telecommunication company LG Uplus has named Gabe Hwang, former executive at AT&T and WarnerMedia, as its inaugural chief digital officer in its push for an innovation to enhance consumer experience and boost productivity, the company said Monday. Hwang will lead data-related businesses of LG Uplus from delivering data capabilities for client to the company’s artificial intelligence integration and digital transformation. Hwang’s addition will allow LG Uplus to o

Your date looks dramatically different with the mask off? He or she may be ‘magikkun’

Former exec’s involvement shows patent trolls even willing to invite insiders to legal battle

LG Electronics’ large capacity washing machines topped in a rating by Consumer Reports released a week prior, beating US rival Whirlpool‘s products in performance of washing more clothes at once, according to the industry Sunday. LG’s front-load washer WM9000HWA, one of the models under its LG Tromm brand, was ranked the highest in Consumer Reports‘ best large-capacity front-loaders rating for 2022. The model features a 147.2-liter capacity and LG’s own TurboWash

Samsung Electronics on Friday debuted its new Galaxy XCover Pro, a rugged smartphone that features a removable battery, a feature long gone in today’s smartphone market. The compact phone, priced at 275,000 won ($231.80), comes in black and white and features a 5.3-inch LCD display as well as a waterproof and dustproof body. The most distinctive feature is a 3,000 mAh replaceable battery that lasts long enough for all-day use and supports a quick charge rate of up to 15 watts. Upon its

Their complete exit hinges on success of high-end push

The South Korean government said on Thursday it will standardize automotive data and promote intelligent manufacturing by carmakers and parts makers as part of efforts to support digital transformation of the auto industry. The aim is to turn 1,200 automotive component makers into future car companies by 2030, the Ministry of Trade, Industry and Energy said in a statement. The ministry said it will secure eight petabytes of automotive data, which is more than 10 times what is currently in stor

Biotech company’s share price jumps nearly 30 percent on the back of global license agreement

LG Electronics said Wednesday it has supplied its premium in-car infotainment system to be featured in the 2022 Mercedes-Benz EQS full-electric luxury sedan. LG’s system combines three displays – instrument cluster display, central information display and co-driver display – into a single, panoramic screen that stretches across the entire width of the car’s dashboard. Thanks to the use of a plastic organic light-emitting diode display, the South Korean tech giant said,