Samsung joins project to develop smart grid in Jeju

[THE INVESTOR] Tech giant Samsung Electronics said June 30 that it would join a project to build a tourist complex on Jeju Island. The tech giant said it has joined hands with land developer JCC to develop a smart energy grid fitted with environmentally friendly energy management systems in the Jeju Ora Tourist Complex, which is scheduled to be built by 2021. The resort to be built on 3.6 million square meters of land by 2021 will feature 7,650-seat convention center, hotels, condos, shopping ma

June 30, 2016

Samsung Display in talks with Indian firm to sell LCD equipment

[THE INVESTOR] Display maker Samsung Display is reportedly planning to sell its liquid-crystal display equipment at its L7 manufacturing line in Asan, South Chuncheong Province.“Samsung Display is currently negotiating with India-based Twinstar Display to hand over the LCD manufacturing equipment at the L7 line to Twinstar Display,” reported online news outlet iNews 24 citing an anonymous source. “The potential deal will likely involve Samsung’s technical support for the Indian company as the la

June 29, 2016

Samsung develops key technology for compact 5G equipment and devices

[THE INVESTOR] Tech giant Samsung Electronics said June 29 that it has developed a small-sized antenna and a power amplifier that will accelerate the research and development and commercialization of 5G network devices.The new network technologies can be applied to both 5G base stations and end-user devices which utilize 28 gigahertz millimeter wave (mmWave) spectrum. The mmWave frequencies are expected to be one of the primary enablers of next-generation networks, according to Samsung.“This ach

June 29, 2016

China’s Neusoft chair seeks partnership with Korean EV battery makers

[THE INVESTOR] Neusoft Corp. chairman Liu Jiren is seeking partnerships with Korean battery makers as it renews commitment to the futuristic electric vehicle battery business as its growth engine. “We are looking at the EV battery business as one of our new growth engine businesses,” he said in a recent interview with local paper on June 28. Neusoft Corp. chairman Liu Jiren.He hinted the company could seek partnership with Korean battery makers such as Samsung SDI and LG Chem, the leading player

June 29, 2016

Samsung SDS, SAP to jointly develop cloud solutions for corporate customers

[THE INVESTOR] IT solutions firm Samsung SDS said on June 29 that it would join forces with German software firm SAP to develop cloud systems for businesses.The two companies signed a memorandum of understanding for the partnership at its head office in Seoul on June 29.“We are proud to announce our partnership with Samsung SDS in enterprise cloud, one of SAP’s core services,” said Bernd Leukert, member of SAP’s products & innovations unit.Chung Yoo-sung (left), president and CEO of Samsung SDS,

June 29, 2016