LG Display said Thursday that the company has raised 20 billion yuan ($2.91 billion) in syndicated loans with Chinese banks to finance the construction of its organic light-emitting diode plant in Guangzhou. The panel-maker said its Chief Financial Officer Kim Sang-don met on Wednesday with officials from the China Construction Bank, the Bank of Communication, the Agricultural Bank of China and the Bank of China to ink the deal.  LG Display officials celebrate a 20 billion yuan loan deal with Ch

South Korea’s biggest conglomerate Samsung on Thursday conducted the smallest scale of senior executive promotions since 2015, indicating that the tech giant prefers stability over change for next year. Two major promotions were made in the C-level reshuffle. Kim Ki-nam, previously chief executive officer of Samsung’s device solutions division and chairman of the Samsung Advanced Institute of Technology, was promoted to vice chairman in recognition of his leadership that led the company to unpre

Samsung Electronics on Thursday promoted Kim Ki-nam, chief executive officer of Samsung’s device solutions division, to vice chairman in recognition of his leadership that led the company to unprecedented performance this year. The promotion was made as part of the tech titan’s annual personnel reshuffle. Kim has been leading Samsung’s most lucrative semiconductor division since November 2017 as he was promoted to the CEO position by Samsung heir Lee Jae-yong while the latter was in jail for inv

Tech Brunch breaks down how complex technologies work. -- Ed.Samsung Electro-Mechanics, an electronic component affiliate of Samsung since 1973, had belatedly joined a Japan-led market for multilayer ceramic capacitors (MLCC) for electronics in 1986. But decades later, it is now seeking to lead the specific market with its signature nanotechnology and ultra-thin technology on new demand for the capacitors in the era of the fifth-generation network. “It was a huge challenge for the company that u

Samsung Electronics announced Tuesday the tech titan will extend its official sponsorship for the Olympics until 2028, including the 2024 Paris and 2028 Los Angeles events, dispelling rumors about its possible withdrawal after the company’s involvement in a former president’s bribery scandal. Samsung said it signed the deal with the International Olympic Committee at Hotel Shilla in central Seoul, attended by its heir Lee Jae-yong and IOC President Thomas Bach, for a sponsorship amount publicly

South Korean tech giant Samsung Electronics is poised to conduct its year-end personnel reshuffle, which is widely expected to reflect anticipated slow growth for the chip and smartphone markets in 2019, industry sources said Monday.Reports and sources gave mixed views, with some predicting the reshuffle would be “conservative,” and others forecasting it would be aimed at “reducing the top brass.” Samsung is highly anticipated to promote only a minimum number of senior officials to executives in

To mark the official launch of the fifth-generation of mobile network, South Korean mobile carriers held various celebrations on Saturday, and vowed to aggressively expand their 5G infrastructure across the country in preparation for launch on smartphones in March, according to the telcos on Sunday. SK Telecom CEO Park Jung-ho made a video call from the mobile operator’s network control center in Bundang, Gyeonggi Province to a staff manager in the company’s Myeong-dong office in central Seoul,

 Samsung Electronics on Friday pledged financial compensation for all victims of work-related diseases who fell sick after working for the company’s semiconductor division, by 2028, admitting that it had overlooked potential health risks.“Samsung will comply with the compensation plan set by the mediation committee, and will provide the compensation as planned by Oct. 31, 2028 for all victims, including those who will be included as new victims by then,” said Kim Ki-nam, chief executive officer

[KH Explains]: Answers to some of the most frequently raised questions regarding Samsung BioLogics caseOn Nov. 14, the market was thrown into commotion, and heated debates arose, as the South Korean financial regulator Financial Services Commission ruled Samsung BioLogics had intentionally violated accounting rules in 2015. It ordered a halt in stock trading of the biopharmaceutical company, which will go through an examination that could lead to delisting, in theory, in the worst-case scenario.

Care for unborn babies, called “taegyo” in Korean, exists both in Asian and Western countries to give birth to a healthy child. But prenatal care takes on a much more ambitious spin in South Korea, with the focus largely on educating – literally -- the fetus in pursuit of having “smarter kids.”“The very first and repetitive phrase that I heard from both the in-laws and my parents during my pregnancy was ‘do this and that to give birth to a smart baby,’” said Kwon Mi-young, a 36-year-old working

Samsung Electronics will continue working to improve the accuracy of its artificial intelligence platform Bixby’s speech recognition by providing a comprehensive tool for third-party developers around the world, the tech titan’s officials said at a forum Tuesday. At the first Bixby Developer Day in Seoul, Samsung unveiled the details of the newest software development tool dubbed “Bixby Developer Studio” to Korean developers and encouraged them to join the tech company’s journey to develop Bixby

Koh Dong-jin, CEO of Samsung Electronics’ smartphone business, is making all-out efforts to seek a breakthrough in the company with the introduction of the 10th edition of the Galaxy and the world’s first commercial foldable smartphone. 　Koh recently said in a corporate message to executives and employees of the information technology and mobile communications division of Samsung that he felt “sorry about the currently struggling status of the Samsung smartphone business and will do my best to o

South Korea’s leading mobile carrier KT said Monday it has opened a smart farm with cutting-edge information and communications technology in the United Arab Emirates, marking the company’s first ICT export to the Middle East region. The KT smart farm, about 600 square meters in size, is located in the Emirate of Sharjah, the third-largest region after Abu Dhabi and Dubai. It was established in cooperation with the Sharjah City for Humanitarian Services, which offers rehabilitation and education

　The decision by South Korea’s financial authority to suspend trading of Samsung BioLogics shares on the stock market last week not only deals a blow to the biotech company but also puts the brakes on a high-profile succession scheme for the conglomerate, controlled by descendants of the founder, industry watchers said Sunday.　On Wednesday, the Financial Services Commission concluded that Samsung BioLogics had “arbitrarily interpreted the accounting rules and intentionally breached them in 2015.

Seongnae-dong in Gangdong District of Seoul was run-down and quiet, a neighborhood occupied mostly by the elderly. But with Kang Full, a popular webtoon artist who has been living in the area since he was 2 years old, the old town has turned into a lively and vivid one with his comic characters. Created in 2013, the Kang Full Cartoon Alley in Seongnae-dong is full of his artworks featuring popular characters and images from his comics. Artists and students from Sungsu High School’s art club join

In an effort to expand its presence in the Chinese market, Samsung Electronics hosted its first forum on artificial intelligence in Beijing on Thursday, presenting its newest technology solutions to tech leaders. The first such forum by Samsung drew around 500 officials from the country’s leading tech firms, such as Baidu, Xiaomi and Hikvision. Samsung’s choice of venue also drew attention, as China is intensifying competition with the US in attracting and fostering AI startups.Choi Cheol, execu

South Korea’s leading mobile operator SK Telecom on Wednesday opened one of its first commercial fifth-generation base stations in the central area of Seoul, showing confidence in the planned commercialization of the world’s first 5G services in March. SKT introduced a 24-kilogram rectangular active antenna unit for the 3.5-gigahertz frequency band -- 1 meter in height and 23 centimeters in width -- installed at the rooftop of a small hotel building in Myeong-dong, one of the most crowded areas

New Hyundai and Kia vehicles set to be released in Europe next year will feature high-tech connected car services enabled by the region’s biggest mobile carrier Vodafone, said South Korea’s No. 1 automobile group on Tuesday. Hyundai Motor, Kia Motors and Vodafone have set the goal of improving driving experiences for European customers by connecting vehicles using the internet of things technology, under a memorandum of understanding signed Monday.  From left: Nick Tunnel, executive director at

Jo Seong-jin, vice chairman and CEO of LG Electronics, will visit Silicon Valley Wednesday to meet with experts in artificial intelligence, robotics, big data and autonomous driving and recruit some of the talents for the company’s new businesses, the tech giant said Tuesday. Jo left Monday for New Jersey, where LG Electronics’ US office is located, before flying to San Francisco. On Wednesday, the CEO is scheduled to meet scholars and experts on AI, big data, cloud computing, self-driving and t

Samsung Electronics on Friday announced that it joined the Partnership on Artificial Intelligence to Benefit People and Society (PAI) in an effort to develop safe and reliable artificial intelligence services and products.The PAI, founded in 2016, is a technology industry consortium that conducts research and discussion, shares insights, provides thought leadership, identifies new areas for AI application and creates informational materials to advance the understanding of AI technologies. The or