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South Korea’s largest conglomerate on Tuesday appointed new chief executives -- all in their 50s -- in an apparent move to tackle challenges in the fast digitalization of the capital market and diversify its business portfolio for sustainable growth. Samsung Group’s insurance unit, Samsung Life...
Samsung Electronics announced on Jan. 14 that it plans to acquire TeleWorld Solutions, a Virginia-based network service provider. TWS specializes in providing network designs, installations, testing and optimized solutions to mobile service and cable operators as well as original equipment manufac...
Samsung Electronics Co., the world‘s largest maker of smartphones, will unveil new smartphones in San Francisco on Feb. 11, the company said on Jan. 5. Samsung didn’t elaborate on details, but market watchers have speculated that new devices could include its next flagship smartphone and a fol...
Samsung Electronics said Dec. 18 it will mass-produce an artificial intelligence chip for Chinese web portal operator Baidu early next year. The South Korean tech firm will manufacture Kunlun, the Chinese internet firm’s first cloud-to-edge AI accelerator, which is to be built on Baidu’s XPU,...
Office-sharing firm Sparkplus announced Dec. 17 that it has signed a partnership deal with tech startup Kasa Korea. According to Kasa Korea, it is planning to launch a blockchain-based funding platform that would make it possible for people without much money to indirectly and collectively fund re...
Samsung Electronics is widely expected to maintain its No. 1 status in the global smartphone market this year, but its Chinese rival Huawei Technologies will narrow the gap with the world’s largest smartphone maker in terms of market share, an industry report showed Dec. 12. The South Korean t...
The number of pay TV subscribers in South Korea reached 33 million in the first six months of the year, up 540,000, or 1.67 percent, from the second half of last year, data showed Dec. 12. The figure includes pay subscribers to system operators, satellite broadcasting services and IPTV service ...
Samsung Electronics was the third-largest vendor of wearable devices in the third quarter of the year, a market report showed Dec. 11, amid soaring global demand for wearables. The South Korean tech giant shipped 8.3 million units of wearable devices in the July-September period, more than doub...
SK Telecom and Samsung Heavy Industries said Dec. 10 their 5G-powered remote control ship operation test was successful. A 3.3-meter model ship made by Samsung Heavy sailed successfully in the sea near the shipbuilder‘s shipyard in Geoje, South Gyeongsang Province, using SKT’s 5G network, the...
LG Electronics said Dec. 10 it has launched its flagship OLED 8K TV in Japan to target consumers ahead of the 2020 Tokyo Summer Olympics. The South Korean tech giant said the LG Signature OLED 88Z9 is available at major electronics retailers in Japan. The 88Z9 boasts 8K resolution with 88 inch...
LG International said Dec. 9 that its joint venture with Oman Oil has been listed on the Omani stock market. Musandam Power debuted on the Muscat Securities Market last week. LG International said it retains an 18 percent stake in Musandam Power after selling a 12 percent stake worth $6.9 m...
The recent announcement for a joint venture between South Korean battery maker LG Chem and US carmaker General Motors has upped the ante in the global competition to secure lithium-ion batteries for electric vehicles, according to industry sources on Dec.8. The 2.7 trillion won ($2.3 billion) join...
Korean investors have been turning their attention toward the real estate market, reflected in an increase in mortgage lending, while cash flows in the equity market have been overall stagnant, recent data showed. According to data released by the Bank of Korea last month, the outstanding balance ...
Telecom giant KT’s disease control platform recently launched in Kenya, widening reach in the African continent. KT’s Global Epidemic Prevention Platform will be locally serviced by the nation’s biggest telecom provider Safaricom, and will be called Safari Smart, meaning “smart travel” in Swa...
South Korean tech giant LG Electronics on Dec. 5 released its upgraded 17-inch laptop that boasts better performance and portability. The 2020 version of the LG Gram 17 is 0.3 centimeter shorter than its previous version, with an improved hinge design, according to the company. The laptop will ...
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