Samsung Display, the sole supplier of foldable displays for Samsung Electronics, has acquired majority stake in ultrathin glass substrate firm Dowoo Insys as part of its plan to secure adequate supplies, according to industry sources Tuesday. The subsidiary of Samsung Group purchased 600,000 shares of Dowoo Insys for 13.5 billion won ($11.6 million) last week through a collaborative fund with Samsung Venture Investment Corp., making it the largest shareholder with a total of 27.7 percent stake.

The Consumer Electronics Show -- the world’s largest annual tech event -- is usually a platform to showcase next-generation TVs, refrigerators and washing machines, but the latest edition will see brand new smartphones in the limelight, according to industry sources Monday. CES 2020 that will kick off in Las Vegas on Jan. 7 and is slated to offer a glimpse of future smartphones, which will make their first appearances at the show. 　Led by Samsung Electronics and LG Electronics, around 400

Nexon said Sunday its latest mobile role-playing game V4 will be a turning point in the market with increasing fans of the seamless combating experience enjoying duets on its unique server system. Standing for “Victory For,” V4 is a classic MMORPG with characters whose looks can be customized. Since its launch in November, the game has topped game rankings by revenue. On Nov. 9, it rose to become the bestselling app on Apple’s App Store, and as of Sunday, it was in third place

South Korean tech companies said Sunday they are gearing up for the Consumer Electronics Show 2020 in Las Vegas slated for January, making all-out efforts to showcase how far their artificial intelligence technologies have advanced with the ability to make life much easier. LG Electronics is putting its AI platform ThinQ at the forefront of its exhibition at the event with a plan to introduce a seamless lifestyle with the help of advanced solutions making users feel homey anywhere. Under the mai

Samsung Electronics and its de facto holding company Samsung C&T on Wednesday released a statement that included a public apology for the conglomerate’s efforts to disrupt the formation of trade unions at some of its affiliates. The apology was made one day after a Seoul court handed down jail terms to key executives of the electronics unit, including Lee Sang-hoon, Samsung Electronics’ chairman of board, and Chung Keum-yong, CEO of Samsung C&T. “The company acknowledge

Samsung Electronics said Wednesday it will start churning out artificial intelligence accelerators for China’s leading internet engine operator Baidu early next year. The South Korean tech giant and Baidu have worked together to develop the cloud-to-edge AI accelerator, dubbed as Baidu Kunlun, built on the Chinese firm’s neural processor architecture as well as Samsung’s 14-nanometer process technology with its proprietary Interposer-Cube package solution. Known as I-Cube techn

Nine candidates have been shortlisted for the position of next chairman of KT, South Korea’s second-largest mobile carrier said Friday. KT’s board of directors said late Thursday it had finalized a short list of nine candidates -- including three current KT executives and four former executives -- and announced the names of eight candidates. KT has not revealed the profile of one candidate upon the person’s request. The incumbent KT executives are Koo Hyun-mo, head of customer

Samsung Electronics will make an additional $8 billion investment in its memory plant in Xian, China, in a preemptive response to the projected growth of memory chip demand, according to news reports Friday. A Chinese media outlet reported that Samsung has officially decided to execute the investment for the Xian plant. Samsung’s headquarters in Seoul, however, declined to confirm the investment plan. According to the report, the decision was revealed Tuesday during a meeting between an ex

No one is sure who the top brass of Samsung Electronics will be next year as the company is silent about its annual organizational reshuffle amid ongoing multiple trials involving key executives, according to industry sources Thursday. The South Korean tech giant usually appoints its top executives in early December and personnel shake-up across all affiliates by mid-December. But this year, neither its leadership nor its business divisions have made personnel announcements, making it harder for

Samsung Electronics will start receiving preorders for the world’s first QLED display-equipped laptops in collaboration with Intel, from Friday.Presales for the Galaxy Book Flex and Galaxy Book Ion will take place online from Friday through Thursday ahead of their official launch Dec. 20. Unveiled at the Samsung Developer Conference in October, the Galaxy Book Flex and Galaxy Book Ion feature the world’s first QLED display on a laptop. Equipped with Samsung’s proprietary QLED d

Taking a step further into the non-memory market, officials from South Korea’s industry-leading companies gathered on Wednesday to discuss their approaches to the government-led initiative to boost the system-on-chip industry.Hosted by the Ministry of Trade, Industry and Energy, the seminar was held to promote cooperation among semiconductor manufacturers, fabless firms and customers from different industries on development of new SoC products and solutions as a follow-up measure of the na

LG Electronics said Tuesday it has kicked off sales of 8K organic light-emitting diode TVs in Japan, a market that is receptive to OLED TVs, ahead of the upcoming Tokyo Olympics.The South Korean TV maker has displayed the LG Signature OLED 8K model at flagship retailers across Japan. Due to the preference for OLED TVs in Japan, OLED TVs accounted for 20 percent of the country’s TV sales this year, far larger than OLED TVs’ global market share at 6 percent.  Amid the growing inte

SK Telecom announced Tuesday the mobile carrier has established an autonomous sailing platform for vessels based on its 5G network in collaboration with Samsung Heavy Industries, expanding the concept of autonomous operation to ships. The telecom company worked with Samsung’s shipbuilding unit at its shipyard in Geoje, South Gyeongsang Province. Using the SKT 5G network established at the shipyard, the mobile carrier tested its autonomous and remote control platform connected to 3.3-meter-

Samsung Electronics announced Monday that the company had supplied super-large smart LED signage and interactive touchscreens for MSC Cruises’ flagship Grandiosa, based in Geneva, Switzerland. A 93-meter-long curved LED display is installed on the ceiling of the global cruise liner’s indoor promenade, its central social hub, providing visual arts at all times at a resolution of 1,700 nits. The display also showcases visual performances three times a day.The Grandiosa is the world&rsq

SK Telecom and Statistics Korea said Monday they have started the pilot service of a foot traffic map using the telecom company’s mobile big data technology. The map measures foot traffic across the country by using big data collected from SKT’s mobile network stations. It shows the inflow and outflow of people in a particular area, and data can be rearranged according to weekdays, weekends or months. The mobile big data technology is expected to help save costs and labor needed for

The Friday announcement for a joint venture between South Korean battery maker LG Chem and US carmaker General Motors has upped the ante in the global competition to secure lithium-ion batteries for electric vehicles, according to industry sources on Sunday. The 2.7 trillion won ($2.3 billion) joint venture for an EV battery factory with production capacity of over 30 gigawatt hours per year in Lordstown, Ohio, was clinched amid GM’s ongoing transition from combustion engine cars to electr

 Samsung Electronics took a 71 percent share in the South Korean smartphone market in the third quarter, outstripping its rivals Apple and LG Electronics, a report showed Thursday. According to market tracker Counterpoint Research, the tech giant’s market share grew 67 percent on-year. Its crosstown rival LG Electronics saw its share unchanged at 17 percent, the data showed, although the company has witnessed a steady growth in the sales of its latest V50 ThinQ 5G model. Samsung&rsquo

South Korea’s third-biggest conglomerate SK Group announced Thursday that it has tapped four new CEOs with the goal of maintaining its “Deep Change” initiative amid persisting difficulties in the global business environment. The four newly promoted CEOs -- Park Sung-ha of SK Holdings C&C, Lee Young-wook of SK Materials and head of Investment Center 2, Choi Jin-hwan of SK Broadband and Cha Gyu-tak of SK Lubricants -- will join the Supex Council, the de facto control body of

De facto Samsung Electronics leader Lee Jae-yong is expected to meet with the owner of largest Swedish business group Wallenberg later this month, according to news reports Wednesday. Lee will reportedly hold a meeting with Chairman Marcus Wallenberg, who is scheduled to come to Seoul on Dec. 18 as part of a business delegation accompanying the Swedish prime minister’s visit to the country. A business summit that promotes Korean businesses’ investments in Sweden will be held at a hot

Samsung Electronics appears to be working on hiding the hinge component in the second edition of Galaxy Fold that is expected to be launched next August, according to industry sources Wednesday. The South Korean tech giant has trademarked a patent for something called “Hideaway Hinge” with the European Union Intellectual Property Office, according to online outlet LetsGo Digital based in the Netherlands. The trademark application was filed Monday. The description suggests the new des