Samsung Electronics announced the establishment of a new team in charge of exploring future business items, appointing a top-level Samsung veteran as the team's inaugural head in the company's annual leadership reshuffle Monday. No changes were made in the company's two-CEO system, with Han Jong-hee and Kyung Kye-hyun maintaining their respective seats as device and chip business division chiefs. Industry sources say the tech giant has opted for stability rather than seeking a dras

LG Group, the country’s fourth-largest conglomerate, announced its year-end executive reshuffle on Friday, seeking to infuse the top brass with younger blood. From Wednesday to Friday, affiliates of LG Group held board meetings to appoint three new chief executive officers and promote 136 executives. Among the 99 to become executives, 97 of them were born after 1970 and five were born in the 1980s, the conglomerate said. “The latest executive reshuffle sought to reform the leadership

The ride-sharing service Kakao T will be available in Australia, Taiwan, the United Arab Emirates, Jordan and Kuwait from next week, Kakao Mobility announced Friday. Users of the Kakao T app will be able to hail local taxis, premium sedans and midsize SUVs in the five countries from Nov. 30 onward, bringing Kakao's ride-hailing services to a total of 37 countries worldwide. The company said it also plans to enter the US market within this year. According to Kakao Mobility, the latest expans

South Korean conglomerates are set to carry out regular reshuffle of executives to gear up for the coming year, starting with LG Group this week. Samsung Electronics, SK Group and Hyundai Motor Group, the top three conglomerates in order, are expected to conduct their regular executive reshuffles as late as early December. On Thursday, LG Display appointed Jeong Cheol-dong, currently LG Innotek president as its new chief executive officer in the regular reshuffle on Thursday. Jeong is an LG vete

LG Display appointed Jeong Cheol-dong, currently LG Innotek president as its new chief executive officer in a regular reshuffle on Thursday. The display panel maker said its board of directors appointed Jeong, an LG veteran who has served at a number of LG Group affiliates including LG Display and LG Chem for 40 years, as its new CEO in the board meeting earlier in the day. Jeong will start his work at LG Display from on Dec. 1 and the appointment will be made official at the general shareholder

Samsung Electronics said Thursday that it would roll out a special edition of its latest foldable smartphone, the Galaxy Z Flip5, in collaboration with French luxury fashion house Maison Margiela. The tech giant will accept applications for the special edition via its official online shopping mall on Nov. 30 from 9 a.m. to 5 p.m. The limited-edition bundle, priced at 2.49 million won ($1,916), will include a phone and two phone cases featuring the French brand's designs. (Samsung Electronic

Dyson Korea said Wednesday it will enhance its customer service policy to reduce customer inconvenience, following a series of complaints on delays experienced by consumers here. "We sincerely apologize for the inconvenience caused to our customers in the repair service," Rob Webster, managing director in charge of Asia Pacific at Dyson, said. "We are committed to our customers, and we hope to resolve all current delays by the end of November," he said. Dyson Korea said it wi

Samsung Group affiliates introduced a new corporate social responsibility program offering support to children of multicultural families and older adults, holding the launching ceremony in Seoul on Wednesday. With Cheil Worldwide and S1 in the lead, nine Samsung affiliates are taking part in running the new CSR program. Samsung said the companies are collaborating with the government, non-governmental organizations and experts in various industrial fields for the new program supporting the disad

Apple’s latest iPhone 15 series is enjoying more popularity than its predecessor in Korea, bucking the lukewarm sales trend in neighboring countries such as China and Japan. Sales of the latest iPhone lineup -- the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max -- jumped 41.9 percent in the first month of its official release here on Oct. 13, compared to that of the iPhone 14 series from a year prior, according to market tracker Atlas Research and Consulting. Sales of the

Samsung Electronics may hold its unpacking event for its flagship Galaxy S24 smartphone lineup in January, advancing the date by two weeks compared to last year’s event, in archrival Apple’s backyard for the first time, according to industry sources on Wednesday. Samsung is planning to unveil the Galaxy S24 series, consisting of three models -- the standard S24, the S24 Plus and the S24 Ultra -- on Jan. 17. The company is considering San Jose, California, as an option for the annual

Samsung Electronics topped the global TV market with a share of nearly 30 percent in total revenue in the July-September period, as runner-up LG Electronics took the lead in the global organic light emitting diodes TV market, data showed Tuesday. According to data by Omdia, a market tracker, Samsung’s share in the total revenue in the third quarter was 29.9 percent, up by 2.4 percentage points on-year. The tech giant also maintained the top rank in the number of units sold, accounting for

Kakao Mobility, the operator of South Korea’s leading taxi-hailing service Kakao T, seems to be seeking new opportunities in Europe as it faces growing scrutiny here. According to industry sources on Monday, the company is likely to submit its final bid to acquire a stake of around 80 percent in German mobility service provider FreeNow as early as this week. The exact deal size was not revealed, but sources predict it to amount to some hundreds of millions of dollars. If the company wins

Samsung Electronics Chairman Lee Jae-yong took off to Britain over the weekend to join a presidential delegation, according to industry sources on Monday, as he faces a decisive ruling that could possibly lead to a leadership vacuum for the global tech giant. Lee is taking part in the presidential economic delegation involving other conglomerate chiefs including Hyundai Motor Chairman Chung Euisun and LG Group Chairman Koo Kwang-mo. SK Group Chairman Chey Tae-won, who doubles as the head of the

LG Electronics displayed its LG Styler ShoeCase and ShoeCare at ComplexCon 2023, a curated festival of culture, fashion and music, held in Long Beach, United States in the weekends, the company said on Monday. The tech giant said Jeff Staple, the founder of menswear brand Staple Pigeon, visited its showroom set up at the festival where rare and unique sneakers are sold as special edition. LG Styler ShoeCase a space-friendly solution for shoe storage and showcasing sneakers. (LG Electronics)

Sapeon, a fabless startup backed by South Korean telecom-to-chip conglomerate SK Group, has come up with a more powerful and efficient artificial intelligence chip to compete head-on with US chip giant Nvidia, which enjoys a near monopoly in the soaring market for data center graphics processors. “We‘re focused on being very good at (developing) AI inference (neural processing units) and we’ll take a part of the expanding (AI chip market),” Sapeon Chief Technology Officer

BUSAN -- NCSoft CEO Kim Taek-jin declared the company's strategic shift from its traditional roots in Lineage, its series of massively multiplayer online role-playing games -- or MMORPGs -- to diverse gaming genres, responding to a downturn in earnings and a shift in gamer preferences. The CEO made this announcement during an unexpected appearance at the company's booth at G-Star 2023 gaming expo held last week in Busan. "Our objective is to delve into a multitude of gaming genres

BUSAN -- Naver Z, the metaverse subsidiary of South Korean internet giant Naver, is planning a version of Zepeto for Apple's first wearable headset device, embracing the US tech behemoth's concept of spatial computing. “We are preparing to showcase something special for headsets such as Apple's Vision Pro," Lee Seung-won, Nazer Z's developer relations director told The Korea Herald during a marketing talk at G-Star Game Conference 2023, part of the G-Star gaming ex

The prosecution on Friday demanded five years in prison for Samsung Electronics Chairman Lee Jae-yong on charges of stock price rigging and accounting fraud connected to the controversial 2015 merger of two Samsung affiliates. Prosecutors also requested a fine of 500 million won ($387,000) for Lee during the final hearing at the Seoul Central District Court. Lee is charged with stock price rigging, breach of duty and accounting fraud in the course of the controversial 2015 merger of two Samsung

South Korean President Yoon Suk Yeol attended the Indo-Pacific Economic Framework summit in San Francisco on Thursday, where leaders of the 14 member countries discussed strengthening regional economic cooperation. Yoon is in the US for a three-day trip to attend the Asia-Pacific Economic Cooperation forum, and took part in other multilateral and bilateral meetings, including the IPEF summit hosted by US President Joe Biden. In 2022, the Biden administration launched the IPEF in an effort to str

SK hynix, the world’s second-largest memory chip maker, won this year’s R&D 100 Awards, also known as "the Oscars of innovation," with its cutting-edge Key Value Computational Storage Drive (KV-CSD), the company said Friday. Among the 100 winners of the 2023 R&D 100 Awards, which recognizes the most promising products or technologies that will bring change to the industry, SK hynix marked its name in the IT/Electrical category. “Once commercialized, KV-CSD wil