LG to unveil quantum dot TVs next year

BERLIN -- LG Electronics will introduce its own version of quantum dot TVs next year, and consolidate its dominance in the top end market by its TVs powered by organic light emitting diodes.Competition over OLED TVs will intensify starting next year with around 10 electronics companies taking the next-generation display technology as key products for the premium segment.Expressing confidence, Kwon Bong-suk, executive vice president and CEO of LG Home Entertainment Company, said that LG will cont

Sept. 5, 2016

Recall of Note 7 may cut Samsung's H2 operating profit by 820 bln won

The mass recall of the Galaxy Note 7 smartphones over faulty batteries is expected to cut Samsung Electronics Co.'s second-half operating profit by about 820 billion won ($738.2 million), an analyst said Monday. Samsung announced a global recall of the Note 7 smartphones on Friday after some of their batteries caught fire while being charged. Samsung also decided to replace all Note 7 smartphones sold to customers with new ones.Hwang Min-sung, the analyst at Samsung Securities, said he expects t

Sept. 5, 2016

Ahn lashes out at Park’s SME policy at IFA

BERLIN -- The People’s Party’s former Chairman Rep. Ahn Cheol-soo on Saturday criticized President Park Geun-hye’s policy on small and medium-sized companies in South Korea during a rare visit to the annual IFA trade show.Describing the business-to-business environment in Korea as a “zoo,” Ahn said many Korean small and medium-sized enterprises have had limited opportunities to grow as they were forced to make an exclusive contract with one conglomerate, blocking them from supplying products to

Sept. 4, 2016

LG to bolster brand power through SIGNATURE lineup

BERLIN -- Admitting that the technical gap is closing between South Korean electronics giants and Chinese competitors, the head of LG Electronics said Friday that he would take the firm’s new high-end lineup of LG SIGNATURE as a vehicle to enhance its brand value and customer loyalty worldwide.Jo Seong-jin, CEO of the home appliance and air solution company of LG Electronics, also implied that the company is taking a different approach in premium marketing from its rival Samsung. Jo Seong-jin, C

Sept. 4, 2016

Young engineers' appeal led to Samsung's bold smartphone recall

The "power of communication" between Samsung Electronics Co.'s management and young engineers greatly influenced the company's decision to order a global recall of its Galaxy Note 7 phablet for faulty batteries, company officials said Sunday. An engineer at a Samsung Electronics service center in downtown Seoul checks a Galaxy Note 7 smartphone`s battery voltage. (Yonhap)On Friday, the tech giant made a public apology for the battery problem that has been linked to some of its smartphones catchi

Sept. 4, 2016

Samsung announces global recall of Galaxy Note 7

South Korean tech giant Samsung Electronics said Friday it has decided to recall all of its new large-size Galaxy Note 7 smartphones that had rolled out in 10 nations, due to the recent explosions. “We decided to stop selling Galaxy Note 7 and to replace all the products rolled out in 10 nations, including South Korea,” said Koh Dong-jin, the head of the company's mobile business, at the press briefing held in its headquarters in Seoul. It is the first time that Samsung has decided on a large-sc

Sept. 2, 2016

DJI unveils 3-axis handheld stabilizer for phone camera

Chinese drone company DJI Thursday launched the Osmo Mobile, an extension for smartphones that turns them into intelligent, precision camera systems.Osmo Mobile use DJI’s three-axis gimbal stabilization and SmoothTrack technology to enable smartphone users to shoot effortless, high-quality photos and videos on the go, the company said. “DJI continues to revolutionize the way we capture and share memories,” said Frank Wang, DJI CEO and founder. “The Osmo Mobile combines the best of DJI’s beloved

Sept. 2, 2016

Samsung to announce recall of Galaxy Note 7 at 5 p.m.

Samsung Electronics Co. said it will announce the results of its investigation into the Galaxy Note 7 phablet, a few of which caught fire while being charged, and its global recall at its office in Seoul later Friday.The announcement will be made at 5:00 p.m. in Seoul by Koh Dong-jin, head of Samsung's handset business division, the company said. (Yonhap) (Samsung)

Sept. 2, 2016

‘Nothing superior than quantum dot’

BERLIN -- Amid heated rivalry on next-generation TVs, the head of Samsung’s consumer electronics division expressed confidence Thursday in its quantum dot technology that it believes will dominate the market in 10 years.“There’s no display product that excels quantum dots in terms of user environment for TVs,” said Yoon Boo-keun, president and CEO of Samsung’s Consumer Electronics division at a meeting with Korean reporters in Berlin. “We will innovate and develop the technology, and at least fo

Sept. 2, 2016

Smart home, the next big thing in home appliances

BERLIN -- In the near future, a fridge becomes something more than just a cooling machine to keep food fresh. Not only will users be able to watch movies through a window-like LCD display, they can also check what food has been stored and for how long. By knocking on the display or operating a built-in camera through a mobile app, users can also view what’s inside without opening the door of the fridge or even during a grocery shop. This might sounds like a futuristic concept. But it is what LG

Sept. 2, 2016

Samsung touts quantum dot as future of TV

BERLIN -- Samsung Electronics on Thursday showcased its quantum dot super ultra-high definition TV lineups, calling it the future of TV on the eve of the annual IFA technology show in Berlin.Samsung vowed to employ “the power of curve” of its quantum dot technology and innovative design, to redefine the conventional TV market. It will also seek partnership with global content providers including Netflix, and expand its new and existing European ultra-high definition and high dynamic range conten

Sept. 1, 2016

Samsung unveils Gear S3 at IFA

Samsung Electronics unveiled its new smartwatch Gear S3 at the annual technology show IFA on Wednesday evening. “With the Gear S3, we continue to build on our wearables heritage of offering diverse choices to enhance consumers’ unique lifestyles,” said Lee Young-hee, executive vice president of Samsung Electronics’ global marketing and wearable business, at the event in Berlin.  Lee Young-hee, executive vice president of Samsung Electronics’ global marketing and wearable business, presents Gear

Sept. 1, 2016

[Newsmaker] Samsung, LG vie for Europe’s premium market at IFA

BERLIN -- Two South Korean electronics giants are set to square off traditional players in Europe’s premium sector at an annual trade show in the German capital, with Chinese competitors also set to make a fierce move to enter the mass consumer electronics market in the region. Armed with high-end lineups, Samsung Electronics and LG Electronics will each hold big events at the IFA that kicks off Friday for a six-day run.For LG, the IFA is a debut stage for its high-end brand SIGNATURE, the compa

Sept. 1, 2016

Telemedicine pilot program kicks off for disabled

A pilot program connecting doctors with disabled patients through the use of information and telecommunications technology kicked off on Thursday, South Korea's health ministry saidUnder the program pushed forward by the Health and Welfare Ministry, doctors will see a total of 150 patients to provide treatment and fill out prescriptions through the Internet.The program will involve the patients, including those in welfare and other facilities, and two hospitals, officials said."Disabled people a

Sept. 1, 2016

Samsung's new smartwatch features mobile payment, GPS

Samsung Electronics Co. unveiled two new smartwatches which feature a mobile payment function, longer battery life and built-in GPS capabilities for emergency calls or texts. The Gear S3 Frontier and S3 Classic were made public in Berlin on Wednesday ahead of this week's IFA trade fair, one of the world's largest annual exhibitions for consumer electronics.The Gear S3 looks like a normal watch. In a statement, Samsung said the new model "shows the time rather than automatically fading to black,

Sept. 1, 2016

SKT unveils voice-controlled AI service

SK Telecom, South Korea’s largest mobile carrier, unveiled an artificial intelligence service based on voice recognition technology Wednesday, saying it will be the starting point to the popularization of AI which will lead the fundamental changes in the daily lives of humans.“The input system evolved from keyboard to mouse and then to touchpad,” said Park Il-hwan, head of device supporting division of the company. “Starting with NUGU (meaning who in Korean), we will lead dramatic changes in our

Aug. 31, 2016

LG Electronics focuses on premium appliances in Europe

LG Electronics is betting big on the European premium appliance market with its centum system technology, the company said Wednesday. Centum system is LG’s unique technology developed to raise home appliances’ durability and energy efficiency, and reduce noise by innovating key parts such as washing machine motors and refrigerator compressors. Customers look at LG Electronics’ centum system washing machine at an appliance store in Germany. (LG Electronics)LG plans to showcase its new centum syst

Aug. 31, 2016