LG Display shares down on Samsung-Apple deal

Shares of LG Display fell 6.7 percent Friday on a news report that Samsung Display had signed a deal with Apple to supply organic light-emitting diode displays for the next iPhones. The Samsung displays are expected to replace the liquid crystal display panels used in the current iPhones that are produced by LG Display. LG currently produces almost 40 percent of the iPhone display panels. Even though the Samsung-Apple deal had largely been expected, it seems unavoidable that it would have a nega

April 15, 2016

Samsung mulls OLED production line for Apple iPhone

Samsung Display is considering building a separate production line to produce organic light-emitting diode displays exclusively for Apple’s iPhone, industry sources said Friday. The facility will start operation within the second quarter of this year to have a production capacity of 120,000 panels per month.The plan comes after a news report that the display-making unit of Samsung Electronics recently signed a contract with Apple to supply an annual 100 million OLED panels from the second quarte

April 15, 2016

Global intellectual property forum to open in Seoul

South Korea will host the Intellectual Property Business Congress, an annual forum for the global intellectual property industry, for the first time at JW Marriott Seoul Hotel in Seoul on Friday.Around 200 IP experts, patent agency officials and corporate executives will flock to the event, dubbed IPBC Korea, to discuss current issues and challenges facing the IP segment, such as how to develop strategies to boost the value of IP.Some of the speakers for the event include IBM’s Asia-Pacific IP l

April 14, 2016

Samsung boasts strongest mobile security solution

Tech giant Samsung Electronics’ mobile security solution KNOX has received the highest score among security solutions for mobile operating systems in a series of tests, surpassing rivals including Apple.Samsung received the highest “strong,” rating in market research firm Gartner’s annual report released last week. It assesses 12 mobile security solutions across more than 20 categories including encryption management, authentication methods, and OS updates. A Galaxy S7 user initiates Samsung Ele

April 14, 2016

[Photo News] Samsung quantum-dot TV debuts in U.S.

SAMSUNG QUANTUM-DOT TV DEBUTS IN U.S. -- Visitors look at Samsung Electronics’ second-generation SUHD TVs at the launch event held Tuesday at the company’s Marketing Center of Excellence in New York. Based on Samsung’s quantum-dot technology, the new models offer more accurate and vibrant picture quality compared to traditional liquid crystal display TVs. (Samsung Electronics)

April 14, 2016

‘Imitation spurs innovation’

In the ever-evolving technology industry, companies build on each other’s ideas and continue to reinvent themselves. But tech giants Samsung and Apple are trying to slow each other down in a drawn-out patent battle.The U.S. Supreme Court has recently decided to review the high-profile courtroom fight between the two top smartphone makers, the first time it has looked at a design patent case since the 1800s. The rare decision comes after Samsung filed a request with the top court last year to ree

April 13, 2016

SK hynix’s operating profit likely to plunge in Q1

SK hynix, the world’s third-largest chipmaker by sales, is expected to see its operating profit more than halve during the first three months of this year, according to analyst reports Wednesday.Korean investment firms predicted that the Korean chip company’s first quarter operating profit would be in a range of 512 billion won ($446 million) to 579 billion won. SK hynix’s NAND Flash memory chip. (SK hynix)The estimates are up to 60 percent lower than the company’s operating profit in the first

April 13, 2016

Samsung steps up self-driving car technology push

Tech giant Samsung Electronics has been accelerating its push into the autonomous vehicle segment by trying to attract seasoned researchers in the field.The company posted a job opening for researchers in the autonomous driving vehicle sector on Samsung Group’s online job bulletin board Tuesday. Internet giant Google’s self-driving vehicle. (Yonhap)The job description showed that new researchers would handle tasks including computer vision, biosignal analysis, and optical film for display, which

April 13, 2016

[Photo News] LG Signature Experience Zone

LG SIGNATURE EXPERIENCE ZONE – LG Electronics said Wednesday it plans to increase the number of experience zones for its new premium appliance brand LG Signature to some 160 nationwide by the end of this year. LG Electronics

April 13, 2016

Information security solution “ZombieZERO” detects and kills new and modified malware in one minute

Information security solution company NPCore (CEO Han Seungchul) has recently upgraded its information security product “ZombieZERO,” giving it the capability to detect and root out ransomware*, a type of malicious software (malware). It also upgraded the mobile version of the product, which was launched last year. As a result, ZombieZERO is now a comprehensive information security product capable of protecting against a variety of malware threats, including data leakage, network disruptions, an

April 12, 2016

LGE, K-water to develop floating solar power plant

Local tech giant LG Electronics has teamed up with state-run Korea Water Resources Corp., better known as K-water, to develop floating solar power plants.Floating solar power plants produce electricity from solar panels that are placed on the surface of ponds or reservoirs. The plants are said to be 10 percent more energy-efficient than land-based solar power plants. LG Electronics’ energy business center chief Lee Sang-bong(right) and K-water president Choi Gye-woon pose at a memorandum of unde

April 12, 2016

[Newsmaker] Kakao’s profit estimates nosedive

Kakao, the operator of South Korea’s most-used mobile messenger, is likely to see its profits nosedive in the first quarter despite its aggressive moves to expand mobile and offline businesses, analyst reports said Tuesday. However, the company’s issuance of convertible bonds worth 250 billion won ($219 million) will clear the uncertainty over its funding needs, they said.Kakao’s net profit in the first quarter is expected to have plunged 45.3 percent year-on-year to 22.1 billion won, and operat

April 12, 2016

[Photo News] Samsung rotating laptop

SAMSUNG ROTATING LAPTOP -- Samsung Electronics on Tuesday unveiled its Samsung Notebook 9 Spin, a laptop with a rotating touch screen display that also works like a tablet PC. (Samsung Electronics)

April 12, 2016

Korean team develops graphene-utilized solution to collecting spilled oil

Korean scientists have developed a vessel made of the new material graphene that can bring about an important yet basic solution to tackling pollution-causing oil spills, they said Tuesday.A team of researchers from Seoul National University, led by the school's mechanical and aerospace engineering professor Kim Yong-hyup, devised the autonomous graphene vessel for suctioning and storing the liquid body of spilled oil.  Graphene (123RF)Graphene, a thin layer of pure carbon, is known as a wonder

April 12, 2016

[Graphic News] VR headset market will be led by Oculus, HTC, and Sony

The “big three” of the world’s virtual reality sector -- Oculus, HTC, and Sony -- will go head-to-head this year, according to market research firm Strategic Analytics.Worldwide sales of virtual reality headsets are expected to stand at $895 billion this year, of which the three VR firms will account for 77 percent. The report did not give details on the market share of each firm. The research firm, however, anticipated that the three brands will only make up 13 percent of the global shipment vo

April 11, 2016

LG Electronics sees nearly 70% surge in profit in Q1

Tech giant LG Electronics’ operating profit surged nearly 70 percent in the January-March period, according to its earnings guidance released Monday. The company said it posted 505 billion won ($441 million) in operating profit and 13. 4 trillion won in revenue, up 65.5 percent and down 4.5 percent, respectively, compared to the same period last year. LG Electronics CEO Jo Seong-jin attends a press conference in Seoul in March. (Yonhap)The operating profit beat previous market estimates in a ran

April 11, 2016

Samsung Serif TV aims to be ‘iPhone in TV’

Samsung Electronics is hoping to have its own iPhone moment with its new stylish TV set called Serif TV. “This is the iPhone of TVs,” said a Samsung executive at the company’s TV business division. “We have long worked on a product that would have a similar appeal as iPhones. This is the product that will notch up our brand image,” he said on condition of anonymity.The Serif TV is the culmination of Samsung’s upscale push across its product lineup in recent years. Designed by renowned French des

April 11, 2016

Korean software firm to take on Microsoft in OS market

Korean software developer Tmax said Monday it would roll out a new operating system for personal computers, called TmaxOS, in a bid to increase its presence in the PC OS market, which has long been dominated by Microsoft’s Windows.Deploying a set of Unix technology standards, TmaxOS boasts a high level of software security and a better user interface than any other PC OS available on the market, according to the firm.  The headquarters of TmaxSoft in Bundang, Gyeonggi Province (TmaxSoft)“A lot o

April 11, 2016

[Photo News] Samsung's new robot vacuum

SAMSUNG’S NEW ROBOT VACUUM – Samsung Electronics on Monday unveiled its new robot vacuum cleaner Powerbot. The vacuum, priced at 1.59 million won, has double the suction power compared to its previous model, according to the company. (Samsung Electronics)

April 11, 2016

[Photo News] LG OLED lures China

LG OLED LURES CHINA -- LG Display, one of Korea’s leading display-makers, won a top prize for innovative technology at the China Information Technology Expo 2016, an annual electronics fair, held in Shenzhen, China, last week. (LGD)

April 11, 2016