[THE INVESTOR] Desperate to find new future growth engines, Samsung Electronics is betting big on the Internet of Things, a network technology which connects objects with humans.The electronics giant has announced a package of plans to grow the business for the connected technology at the Internet of Things Policy Dialogue, an industry conference held at the head office of the US daily Washington Post in Washington on June 21.Kwon Oh-hyun, Samsung Electronics’ vice chairman delivers a speech und

[THE INVESTOR]   Samsung Electronics has acquired a Canada-based digital advertising start-up, AdGear, the two companies confirmed on June 21.　The Canadian firm said in a notice on its website that it has “joined Samsung Electronics.”A captured image of AdGear’s webpage.Detailed terms of the deal were not revealed. Samsung said the acquisition was aimed at beefing up its capability focused on the smart TV advertising. 　Established in 2010, AdGear has expertise in managing data and transmitting t

[THE INVESTOR] An advocacy group has raised its voice against the Ministry of the Interior, which allegedly forced tech giant Samsung Electronics to preinstall its app, dubbed Government 3.0, on the upcoming Galaxy Note model.The Green Consumer Network in Korea claimed the preinstallation of the app would cause inconvenience for consumers and reverse discrimination against the domestic smartphone-maker.“The ministry said it had consulted with Samsung to preinstall the app on the smartphone, but

[THE INVESTOR] Samsung Electronics’ fitness tracker Samsung Gear Fit 2 made an impressive debut as the first batch of the smart band up for preorders ran out in just two minutes on June 21.Samsung started to receive orders through its online store from 10 a.m. and 222 units of the wearable gadget up for sale were quickly sold out in just 2 minutes. Samsung Gear Fit 2. Samsung ElectronicsThe tech titan will start selling the Gear Fit 2 online and at retail store Samsung Digital Plaza across the n

[THE INVESTOR] Samsung Electronics reportedly lost a bid for supplying mobile application processors for Apple’s iPhone 8, which is thought to be the US-based company’s flagship model for 2017.“The mobile chip for the iPhone 8 will be supplied exclusively by Taiwanese chipmaker TSMC,” said Korean online newswire News1, quoting an anonymous industry source. TSMC is the chip supplier for the iPhone 7, which is expected to be released this year. The source said Apple saw Samsung’s A9 chips, supplie

[THE INVESTOR] Korea’s media regulator is planning to set up an independent organization to improve the TV license fee system of KBS, a state-run broadcaster, which will likely include a measure to charge smartphone users.The Korea Communications Commission will form an independent group dedicated to assessing the financial structure of state-run broadcaster KBS and improving the broadcasting firm’s TV license fee system, according to a briefing reported to the National Assembly on June 20.  The

[THE INVESTOR] LG Uplus, the third largest mobile carrier in Korea, will particiapte in the UBS Korea Conference 2016, an investor relations meeting, from June 20 to 21 at Grand Hilton Seoul.

[THE INVESTOR] Hotel Lotte on Monday officially canceled its initial public offering scheduled for next month, as a large-scale embezzlement probe into the group and its affiliates deepened with emerging reports of confirmed wrongdoings.“We are pushing back our IPO to a later time and cancelling all remaining procedures in consideration of Lotte’s current circumstances and investor interests,” Hotel Lotte said in an emailed statement.“Listing the company is an integral part of reforming Lotte Gr

[DISCLOSURE] Information solutions firm LG CNS said Monday that it has completed the acquisition of its subsidiary Oneseen Skytech, an unmanned aircraft-maker. It purchased shares of Onesee Skytech held by a local firm and transformed them into those for LG CNS. The information technology solutions developer plans to distribute the new 21,783 stocks of CNS at 20,000 won ($17) per share, created through the merger process of the subsidiary, to its executives and employees.

[THE INVESTOR] Hotel Lotte on Monday officially canceled its initial public offering scheduled for next month, as a large-scale embezzlement probe into the group and its affiliates deepened with emerging reports of confirmed wrongdoings.“We are pushing back our IPO to a later time and cancelling all remaining procedures in consideration of Lotte’s current circumstances and investor interests,” Hotel Lotte said in an emailed statement.“Listing the company is an integral part of reforming Lotte Gr

[DISCLOSURE] CrucialTec (114120), a fingerprint module maker, said in a regulatory filing that it would be holding an investor relations meeting in Hong Kong on June 15 and 16. The company will elaborate on its business and management strategies for this year at the meeting, which will be held on the sidelines of the HSBC Korea Discovery Forum, a conference to encourage global investment in Korean firms.

[DISCLOSURE] Kolon Corp. (002020), which runs textile and chemical business affiliates, said in a regulatory filing that it would be holding an investor relations meeting in Hong Kong on June 14 and 15. The company will elaborate on its business and management strategies at the meeting, which will be held on the sidelines of the HSBC Korea Discovery Forum, a conference to encourage global investment in Korean firms.

[THE INVESTOR] Lotte Chemical said in its regulatory filing on Monday that it would be scrapping its plan to take over U.S.-based Axiall Corp., which is a major manufacturer and marketer of chlorovinyls and aromatics. “Considering heated competition for the takeover bid and a series of ongoing issues facing Lotte Group, the company has decided not to participate in the bidding process,” said the company, adding that it would continue to work on existing joint projects with Axiall.

SHENZHEN, China -- Samsung Display’s latest automotive push may have come late but it is the right direction for its future profitability, a top analyst told The Korea Herald. “Car is becoming an electronic, smartphone-based device. And you need displays to go with it,” said Paul Gray, principal analyst of market research firm IHS.“Those applications are also far more valuable. You are working with companies where you can secure businesses for three to five years as opposed to consumer electroni

[THE INVESTOR] Apple’s adoption of an organic-light emitting diode screen is renewing competition among display makers. According to recent news reports, Samsung has signed a deal with Apple to supply an annual 100 million OLED panels from the second quarter of next year for three years. Apple iPhone 6s Plus (Yonhap)“For now, Samsung is the only company that meets Apple’s strict product criteria. But considering its strategy of having multiple suppliers, LG and other display makers could share a

[THE INVESTOR] Line Corp., a Tokyo-based mobile messenger platform owned by Korean Internet giant NHN Corp., will go public on main stock markets in New York and Tokyo next month, the company said Friday. In a regulatory filing, the company said it will start trading its shares on the Tokyo stock market on July 14th and in New York on 15th.The logo of mobile messenger Line. (Naver)The company will issue 35 million new shares offered at 2,800 yen ($26.20) per share. Goldman Sachs, JPMorgan, Morga

Following the historic Go match last month, which ended in a 4-1 victory for the artificial intelligence software AlphaGo, the AI software’s developer Google DeepMind has said that its next target could be real-time strategy game StarCraft.Over the past weeks, top officials from DeepMind, and Blizzard, the developer behind the online game, have met to have discussions for the possible return match between humanity and AI on a different battle field. Blizzard CEO Michael Morhaime. (Yonhap)During

Korea's leading network operator KT Corp. said April 1 that it would beef up its partnership with China Mobile for the next-generation network 5G and connected network services.“Global cooperation is especially important to have future telecom technologies in place,” said KT chief executive Hwang Chang-gyu at a workshop held at the head office of China Mobile on Thursday.Hwang met China Mobile‘s top executives, including chairman Shang Bing, to discuss 5G initiatives and other pending network is

Samsung Electronics and Swiss luxury jeweler de Grisogono have agreed to jointly launch a so-called “super-luxury” limited edition of the Samsung Gear S3, a next-generation smartwatch that is set for official release later this year. “We are currently collaborating with Samsung to develop its next-generation smartwatch,” a de Grisogono official told The Korea Herald. The Samsung Gear S2 by de Grisogono (de Grisigono official website)The official added that the jeweler was approached by Samsung,

Ericsson-LG demonstrated the next-generation network 5G on May 12 in Korea, marking the first time that the network equipment manufacturer had showcased the network in the nation. The 5G network equipment used for the demonstration offered a peak download speed of 26 gigabit per second, around 350 times faster than the current Long-Term Evolution network.  Ericsson-LG demonstrates the 5G network in Korea on May 12. (Ericsson-LG)“I feel proud of the Ericsson-LG researchers at the Anyang R&D cente