South Korea’s tech companies are moving to create coalitions to reinforce artificial intelligence technologies under the government’s initiative to make the country an AI powerhouse, according to industry sources Wednesday. Two competitive AI coalitions have been formed so far: One led by SK Telecom involving Samsung Electronics and Kakao, and the other by KT with LG Electronics and LG Uplus.  On Wednesday, KT, LG Electronics and LG Uplus announced they will make an open in

Around 20 CEOs of Samsung Electronics and its affiliates on Monday attended a lecture by the head of the presidential council on economic, social and labor affairs, according to the company. The South Korean tech giant invited Moon Sung-hyun, chairperson of the presidential Economic, Social and Labor Council, and arranged a special lecture for the leaders of affiliates, including Samsung Electronics Vice Chairman Kim Ki-nam, Samsung C&T CEO Lee Young-ho and Samsung Life Insurance CEO Jeon

Samsung Electronics announced Monday it has embarked on creating the second production line for its advanced V-NAND flash memory chips in Pyeongtaek, Gyeonggi Province, with a schedule to start rolling them out in the second half of 2021. The company has started working on the NAND cleanroom in May in order to respond to the rising demand for artificial intelligence and internet of things technologies amid the spreading non-contact lifestyles and services in the wake of the COVID-19 outbreak.

Samsung Electronics and LG Electronics -- the two biggest tech firms in South Korea -- are likely to scale back their participation in IFA 2020, amid the prolonged COVID-19 pandemic, according to industry sources Sunday. However, the two firms have not yet finalized their plans to participate in the largest tradeshow for home appliances in Europe, slated for September. The IFA 2020 will be held onsite from Sept. 3-5 at the Messe Berlin exhibition hall as usual, the show’s organizer ann

Samsung Electronics said Friday it has expanded its mobile device-based health platform to televisions as demand for in-home fitness content and services is growing in the wake of the global pandemic. The Samsung Health app is now available on the company’s smart TVs launched this year in South Korea, the United States and the United Kingdom. The app is designed as a wellness management platform that enables users to customize their personal health journeys by connecting them to premi

Hanwha Techwin announced Wednesday the launch of the world’s first 8K closed-circuit TVs, featuring the highest resolution. The South Korean surveillance solution provider said it will roll out the CCTVs with 8K network camera featuring 33 million pixels. The 8K CCTVs provide images that are four times clearer than those of current 4K CCTVs, the company said. It enables recognition of a person sitting about 150 meters away in a baseball stadium, the firm explained. It is possible to

Samsung Electronics on Tuesday unveiled a security solution with the highest level of protection, eyeing the growing non-contact services market. The standalone turnkey security solution is comprised of a secure element chip and enhanced security software that offers protection for tasks such as booting, isolated storage, mobile payment and other applications. Smart device makers will not need to develop their own security programs if the devices are equipped with the Samsung solution, the co

This weekend, Samsung Electronics will conduct its first-ever online aptitude test for entry-level job applicants, due to the coronavirus pandemic, the company said Tuesday. Known as Global Samsung Aptitude Test or GSAT, the exam is required for all applicants who have passed document screening. The test used to take place physically at middle and high schools during weekends. On Tuesday, the company sent kits needed for the first online test via mail. The kits included a cover for an ide

South Korea’s chipmakers are again on edge over the second round of technology war between the United States and China involving semiconductors, according to industry sources Monday. Although the flagship businesses of Samsung Electronics and SK hynix pivot on memory products, which aren’t yet subject to the new US sanctions on China’s tech giant Huawei Technologies, worries are growing over the their dependence on US technologies broadly applied to the comprehensive proces

China’s race to lead mainstream technology is intensifying not only against the US but also its neighbor South Korea.  President Xi Jinping has been public about China’s goals: By 2025, the country aims to domestically produce key technologies such as semiconductors, 5G equipment, robots, and self-driving and electric cars. The coronavirus pandemic hasn’t derailed its ambition to win the technology battle with the US. Instead, Beijing has turned the deadly virus outbrea

Samsung Electronics has sent around 300 semiconductor engineers to Xian, China, to accelerate the work to expand the second NAND flash line there, the company said Friday. The workforce departed from Incheon International Airport Friday morning through the fast-track corridor allowed for businesses under an agreement between the South Korean and Chinese governments. Samsung has sent the engineers just five days after its de facto leader Lee Jae-yong visited the plant in addition to some 20

Samsung Electronics unveiled this year’s Lifestyle TV lineup, led by the first outdoor QLED 4K TV The Terrace, through an online showcase amid the prolonging COVID-19 impact, the company said Friday. Samsung showcased The Terrace, featuring ultra-bright picture quality, as the latest Lifestyle TV model that will provide new viewing experiences for users outside. Samsung says it is designed to bring the full indoor entertainment experience outside. The Terrace offers a crystal-clear

Samsung Electronics is preparing to construct another cutting-edge foundry manufacturing line in South Korea, taking one step closer to achieving its goal of becoming the No. 1 system-on-chip business by 2030. The tech giant on Thursday announced it will break ground for the second extreme ultraviolet foundry line in Pyeongtaek, Gyeonggi Province, this month, with a schedule to start operating the new line in the second half of next year. Samsung is expected to pour around 10 trillion won (

LG Electronics has decided to expand its overseas production of televisions, while reducing domestic production, by relocating two manufacturing lines from South Korea to Indonesia, the company confirmed on Wednesday. Under its strategy to tackle the stagnated demand for TVs worldwide, the Korean tech giant will move out two of its six production lines that are currently located in Gumi, North Gyeongsang Province, to Cibitung in Indonesia within the year. Built in 1995, the Cibitung TV plan

Samsung Electronics Vice Chairman Lee Jae-yong met with Hu Heping, Communist Party Secretary of Shaanxi province, during his two-day visit to Xian, China, the tech giant said Tuesday. Lee held a meeting with the provincial leader after visiting Samsung’s memory chip plant in Xian. He was the first foreign business mogul to visit China after the COVID-19 outbreak. Hu expressed gratitude over Samsung’s provision of quarantine aid for Chinese citizens, including those working for

South Korean conglomerates are increasing their support for startups created and spun off by their own employees, the companies said Monday. The move is part of an effort to strengthen the country’s startup ecosystem by encouraging creative business ideas and technological innovation, they said. Samsung Electronics said it had selected five outstanding projects pitched by its employees this year, with the goal of spinning them out as independent units. The tech titan’s in-house

Samsung Electronics Vice Chairman Lee Jae-yong on Monday paid a visit to the company’s memory chip plant in Xian, China -- the first foreign business mogul to enter the country after the coronavirus outbreak. The South Korean tech giant’s heir apparent checked on the memory business in China during the visit accompanied by Memory Business President Jin Gyo-young and Samsung’s China operations chief Hwang Deuk-kyu. “There will be no future if we are caught in the past

LG Electronics has introduced a portable air conditioner with greater flexibility in use and better connectivity with smart devices, the company said Sunday. The movable air conditioner is designed to target households that frequently move in and out and those who have difficulty installing outdoor condensers. The AC is equipped with a dual inverter compressor with two cylinders, increasing cooling and energy saving capabilities. The portable model uses up to 29 percent less electricity

The de facto leaders of Samsung Electronics and Hyundai Motor Group held a business meeting Wednesday to discuss cooperation on battery technology for electric vehicles. Samsung Electronics Vice Chairman Lee Jae-yong and Hyundai Motor Senior Vice Chairman Chung Euisun met at an EV battery plant operated by Samsung SDI, in Cheonan, South Chungcheong Province.  According to industry sources, it was Chung’s first visit to the battery affiliate’s facility.  The Hyundai M

At first sight, the 899,800 won ($740) LG Velvet looks like it could be out of Samsung’s premium Galaxy S lineup of phones, especially with its water drop shape notch for selfie camera and the 3D Arc Design on the display. While some might say the price tag is too high for a midrange phone, the LG Velvet is the tech firm’s flagship phone, pledging to provide greater affordability than Samsung and Apple’s premium phones with comparable entertainment features. What real