Kwon Oh-hyun, a former chief executive officer of Samsung Electronics who retired late last year, was the highest-paid man in South Korea last year, earning far more than the owners of chaebol including the tech giant’s de facto leader Lee Jae-yong.According to an annual business report released by Samsung Electronics, Kwon received a total of 24.38 billion won ($23 million) in annual salary last year, three times higher than what he had earned a year before. Kwon had served as the vice chairman

LG Electronics’ upcoming G7 smartphone is expected to adopt an advanced liquid crystal diode display panel, which is interpreted by industry officials as a move to launch more affordable premium phones with organic light-emitting diode display phones, according to news reports and leaks on Monday. Dubbed by media and tech experts here as “G7,” LG’s new flagship model is predicted to be unveiled at the end of this month in Seoul, and released next month.Ahead of its debut, some detailed informati

South Korea’s mobile carrier LG Uplus said Monday it has sent out technical details needed for development of mobile devices running on the upcoming fifth-generation network to the country’s major handset makers Samsung and LG Electronics. The telecom firm highlighted that it was the first among the three local mobile operators to send the technology specifications and standards that will help produce optimal devices for the 5G network, a significant move towards early commercialization of the n

As the global market anxiously awaits the release of the first commercial foldable smartphone, Samsung Electronics is seen mulling designs for its first such device, it appears from the latest patent issued to it by the US Patent and Trademark Office.According to the database of the USPTO on Friday, Samsung won a patent for a new design of a portable electronic device that has a foldable part attached to the main body of the device with a hinge.The patent was applied for in August 2015.According

Smartphone giant Samsung Electronics is increasing its research and development efforts on drones by applying for multiple patents in the United States, according to the industry on Friday. Samsung was issued a patent from the US Patent and Trademark Office on Tuesday on a new design of a drone the company is assumed to be developing. A design of a possible drone by Samsung Electronics (USPTO)The patent, which was filed in January 2017, shows an ornamental design for a drone that resembles a hel

South Korean electronics giant Samsung will build a research and development center for artificial intelligence in Paris, which will be the company’s third-largest AI R&D base after Korea and the US, the company said Thursday. The announcement was made after the French president’s office said Wednesday that President Emmanuel Macron held a meeting with Samsung’s strategy chief Young Sohn in Paris to discuss a plan to boost the country’s AI capacities. An official announcement by the French gover

After coming under fire for collecting logs of calls and text messages through Facebook Messenger, the social network platform has made its privacy tools easier to find in order to enhance users’ control of their data, it said Thursday. Facebook has redesigned the entire settings menu on mobile devices from top to bottom to make things easier to find, it said. Instead of having settings spread across nearly 20 different screens, they are now gathered in a single place. A new Privacy Shortcuts me

South Korea’s communications regulator is considering opening a formal investigation into the latest suspicion facing Facebook, which has been accused of logging calls and text messages via its Messenger app, according to government officials on Wednesday. The Korea Communications Commission’s privacy infringement investigation division summoned top officials of Facebook Korea earlier this week to question the purpose of collecting logs of calls and text messages, the scope of the collection and

Samsung Electronics announced Wednesday the company had broken ground for a second memory chip fabrication line in Xian, Shaanxi Province of China, investing a total of $7 billion for the next two years. The second line, slated for completion next year, will be used for manufacturing Samsung’s premium V-NAND flash memory chips, a strategic move in response to growing demand for NAND chips, especially in the Chinese IT market, the company said. “By producing the world’s best memory products here

KT will launch the country’s first virtual reality-based 3-D fitting service for home shopping channels, it said Tuesday. Starting Wednesday on the Hyundai Home Shopping channel, local womenswear brand Joinus’ new blouses for spring will be sold with the help of a 3-D avatar trying on the new clothes on behalf of consumers at home. Subscribers to KT’s GiGa Genie speaker and Olleh TV UHD will be able to experience the service by choosing 3-D content on the IPTV menu. On the Shinsegae Shopping cha

IBM Chairman & CEO Ginni Rometty will meet with South Korea’s leading financial group Shinhan Chairman Cho Yong-byoung on Wednesday during her three-day trip to Korea, according to sources on Monday.  (Yonhap)“The meeting between the two chairmen will include talks on the current partnership between the American IT business and the Korean bank as well as future businesses on artificial intelligence and cloud computing,” a source said. The meeting will take place at the headquarters of Shinhan Fi

삼성전자가 올해 프리미엄군 주력 제품인 QLED TV의 연간 목표 물량을 150만대로 정했다. 　26일 업계에 따르면 삼성은 올해 QLED TV의 판매 목표물량을 지난해 보다 50% 높여 잡고 글로벌 프리미엄TV 시장 12년 연속 1위를 다시금 공표할 계획이다. 　한 업계관계자는 “지난해 삼성의 QLED TV 판매량은 백만대를 넘지 못했지만 올해 프리미엄 제품들의 목표물량을 150만대로 잡고 공격적으로 준비 중이다”고 전했다. 　삼성에 따르면 지난해 UHD TV를 포함한 프리미엄 제품의 총 판매량은 140만대를 기록했으며, QLED TV 제품만은 백만대 수준이었다. 　삼성이 올해 TV 생산물량을 4,100만 ~ 4,200만대로 낮춰 잡았음에도 불구하고 QLED 제품만으로 150만대를 팔겠다는 것은 전체 물량을 줄이되 고가의 프리미엄 제품 판매를 늘려 수익성을 개선함과 동시에 프리미엄 이미지를 확고히 한다는 전략이다. 　특히 올해 하반기부터 ‘QLED의 대세화’를 위해 전년대비 가격을

Samsung Electronics’ visual display unit has internally set a goal of selling 1.5 million quantum dot-based light-emitting diode TVs this year in order to make clear its top position in the global premium TV market, according to sources Monday. “Samsung’s target sales volume for the QLED lineup is 1.5 million, a notable increase from last year’s 1 million,” an industry source told The Korea Herald. “By selling more of these expensive larger-size TVs than before, Samsung wants to raise the averag

Samsung’s annual general meeting of shareholders held Friday was a representative scene of Koreans’ love-hate relationship with the country’s biggest conglomerate, despite the absence of its Vice Chairman Lee Jae-yong.Shareholders from young students to the elderly, who came from various parts of the country, lashed out at the board of directors during the two-hour session held at Samsung Electronics’ Seocho head office in southern Seoul. For instance, a middle-aged man issued a complaint to CEO

Samsung Electronics agreed to enhance shareholder value and pledged to keep increasing dividends for shareholders until 2020 at a general meeting of shareholders on Friday. At the annual shareholders meeting attended by 502 registered retail and institutional investors, four agenda items were proposed by the board of directors and approved by the shareholders. As widely expected, Samsung’s heir apparent Lee Jae-yong did not attend the meeting, remaining out of the public eye for six weeks since

South Korea’s leading mobile carrier KT said Thursday it will commercialize fifth-generation network services in March 2019 by launching an integrated platform applied with virtualization technologies.The 5G platform will be based on end-to-end (E2E) Orchestrator, a network virtualization control system, which will manage KT’s 5G network from core equipment to base stations to devices in real time. (KT)The platform will be essential to providing 5G-based autonomous driving, immersive media and i

Samsung Electronics is likely to adopt in-display fingerprint scanning for its upcoming flagship Galaxy Note 9 smartphones, according to industry sources on Thursday. “Samsung Display has prepared three or four solutions for Samsung Electronics to embed the fingerprint sensor inside of the main display, and both are seriously considering one of the solutions,” a source told The Korea Herald. “The delay in deciding on the final concept for the Note 9 is due to the work in adopting the in-display

삼성전자가 올해 하반기 주력 스마트폰 모델인 갤럭시노트9에 삼성디스플레이가 개발 중인 화면일체형 지문인식 솔루션을 탑재하기 위해 준비 중이다. 　22일 업계에 따르면 삼성디스플레이는 최대 네 종류의 화면일체형 (In-display) 지문인식 솔루션을 놓고 삼성전자와 갤럭시노트9에 대한 막바지 컨셉 (concept) 회의를 진행 중이며, 이달 중 최종안을 결정할 것으로 보인다. 　한 업계관계자는 “노트9에 대한 컨셉 결정이 늦어지고 있는데 그 이유가 바로 지문인식 스캐닝 때문이다”고 전했다. 　그는 통상 차기작에 대한 컨셉 회의는 늦어도 출시 5개월 전에는 최종 결정되지만 노트9 컨셉은 다소 지연되고 있다고 덧붙였다. 　또한 “삼성디스플레이가 제안한 서너 가지의 방법을 가지고 논의 중이며, 이달 중 결론이 날 것이다”고 말했다. 　이같이 갤럭시노트9의 화면일체형 지문인식 탑재 여부가 업계의 주목을 받는 이유는 삼성으로서 중국업체들과 차별화를 두기 위해 선택할 수 있는 카드가 제한돼 있

For the past six weeks after being released from jail, Samsung Electronics Vice Chairman Lee Jae-yong has strictly kept himself from the public eye. And the heir apparent of South Korea’s No. 1 conglomerate is likely to remain low-key until a Supreme Court trial expected to take place this summer at the earliest.This week, Lee is expected to stay under the radar despite the group’s key events, including the 80th anniversary of Samsung’s foundation on Thursday and an annual shareholders meeting o

KT will apply its artificial intelligence technologies to insurance and health care services in partnership with Lina Life Insurance, the mobile carrier said Tuesday.The two companies signed a memorandum of understanding Monday to improve Lina’s digital health care services by adding KT’s AI platform technologies at the insurer’s headquarters in central Seoul. Under the agreement, KT’s AI GiGA Genie speaker will offer users informative health care content insurance services provided by Lina, inc