SK hynix, South Korea's No. 2 chipmaker, said Friday it has begun mass-production of a mobile DRAM that offers the industry's largest capacity aimed at minimizing power consumption and features low voltage operation for devices, including smartphones and tablets. SK hynix said the 24-gigabyte low-power double data rate 5 eXtended (LPDDR5X) mobile DRAM was first supplied to Chinese Oppo’s latest flagship smartphone, Oneplus Ace 2 Pro, which launched Thursday. “With the timel

Technology Aug. 11, 2023

Samsung Electronics on Friday announced the official launch of its latest foldable smartphones -- the Galaxy Z Flip5 and Fold5 -- in some 50 countries, after record preorders for the foldables at home. Starting sales in major countries, which include Korea, the US, Britain, France, Germany, Singapore and China, the South Korean tech giant will complete the global launch by next month, the company said. The Galaxy Z Flip5 and Fold5 smartphones garnered 1.02 million preorders in seven days, surpas

Technology Aug. 11, 2023

Samsung Electronics’ new foldable smartphones -- the Galaxy Z Flip 5 and Fold 5 -- have yet to be launched, but preorder figures suggest that they are likely to be a super hit. The South Korean tech giant said Tuesday that preorders for the two models amounted to 1.02 million units in South Korea, setting an all-time high record for the form factor. The preorder record marked by the previous models was 970,000 units last year. While Samsung accepted seven-day preorders until Monday ahead o

Technology Aug. 8, 2023

South Korean telecom giant, KT Corp., said Monday that its CEO nominee will be appointed as the company’s new chief by taking shareholders’ votes at the extraordinary shareholders meeting slated for the end of this month. KT Chief Financial Officer Kim Young-jin said at the company’s earnings conference that the firm will improve business performance in the latter half this year under a stable management system and strive to improve corporate value with the CEO nominee taking t

Technology Aug. 7, 2023

Korean companies have stepped up efforts to support the World Scout Jamboree as the event's host announced an early withdrawal from the campground in North Jeolla Province due to inclement weather on Monday afternoon. Some major conglomerates, including Samsung and Hyundai, have invited Scouts to their business sites, following President Yoon Suk Yeol's order to offer tour programs for the jamboree participants. Hyundai Motor Group on Monday opened its commercial vehicle plant in Jeonj

Industry Aug. 7, 2023

Competition over the growing foldable smartphone market is growing fiercer, as Samsung seeks to maintain the market dominance it has enjoyed since the launch of its first foldable phone in 2019, while Chinese rivals are racing to catch up. Xiaomi and Oppo have reportedly passed the Chinese government’s certification and are expected to roll out their new foldable phones, the Mix Fold3 and Find N3, respectively, within this month, according to industry sources on Sunday. Chinese consumer el

Technology Aug. 6, 2023

Kakao, the operator of South Korea’s No. 1 messenger app KakaoTalk, said Thursday that it plans to introduce a new artificial intelligence foundation model to balance performance and cost efficiency, as well as services integrated to the model after October this year. Kakao CEO Hong Eun-taek said at the company’s earnings conference that he believes that a sole hyperscale model would not be suitable for providing every service under the most optimized conditions. “Many AI model

Technology Aug. 3, 2023

SK Inc. C&C, the IT solutions unit of SK Group, said Wednesday that it will build South Korea’s first alternative trading system, scheduled to launch in the latter half of next year. The IT service provider will construct a comprehensive operation and management system to support the trading, brokerage, solicitation and agency services for listed securities and depositary receipts that Nextrade will carry out with its official authorization in the following year. Nextrade is an alter

Technology Aug. 2, 2023

Naver Financial, a financial platform owned by South Korean internet giant Naver, said Tuesday it aims to introduce a mobile payment system to be used at stores in China, allowing the company to provide a better shopping experience mainly for Koreans traveling there. The company has recently signed partnership agreements with Alipay Plus and China UnionPay, two of China’s top three mobile payment services that also include WeChat Pay, as it aims to launch its popular mobile payment servi

Technology Aug. 1, 2023

Threads, the text-based social media platform built by Meta to rival Twitter, now called X, has seen a staggering decline in the number of daily active users in Korea, just within two weeks of its launch. Last Thursday, Meta CEO Mark Zuckerberg admitted that Threads has lost more than half of its users globally, after attracting more than 100 million signups, calling the regression normal and pledging to add more features to keep users engaged. The app has emerged as the first noteworthy social

Technology July 31, 2023

South Korean IT solutions provider LG CNS said Monday it has formed a trilateral alliance with US-based Scaled Agile and Seoul-based cloud and agile service provider Open Source Consulting to strengthen its business in building and improving cloud-optimized applications. The three firms signed a memorandum of understanding to make joint efforts to explore and foster business opportunities for application modernization based on the Scaled Agile Framework, an enterprise agility framework provided

Technology July 31, 2023

Suga of K-pop phenomenon BTS has become the first user of Samsung Electronics’ latest foldable phone, the tech giant said Friday. Samsung Electronics said Suga will be the “first in the world to own a #GalaxyZFold5," via a post on Twitter, now called X. Held for the first time in Seoul, the Samsung Unpacked event "saw extra excitement and wonder to the already awe-inspiring event when one of our favorites, #Suga of @BTS_twt, came to #JoinTheFlipSide,” the post read. T

Industry July 28, 2023

Samsung Electronics, who leads the world's foldable smartphone market, is confident it can solidify its position by selling over 10 million units of its new foldable smartphones globally this year. Samsung Electronics’ mobile head Roh Tae-moon said he sees 2023 being the "tipping point" when foldable phones gain mainstream adoption. “We expect global foldable phone shipments to exceed 20 percent of all Galaxy flagship smartphones this year,” Roh said during a pre

Technology July 28, 2023

Led by South Korea’s SK Telecom, a new global alliance has been formed as four major telecommunications firms from South Korea, Germany, the United Arab Emirates and Singapore join hands to expand cooperation in the artificial intelligence business. The nation’s No. 1 telecom company in terms of subscriptions said Thursday that it hosted the Global Telco AI Alliance CEO Summit, a hybrid event held both online and offline, in Seoul and gathered key executives of Deutsche Telekom, e&am

Technology July 27, 2023

Samsung Electronics on Wednesday unveiled its new Galaxy foldable smartphone series in Seoul in front of nearly 2,000 people, including journalists, industry experts, celebrities and influencers from around the globe. The South Korean tech giant held the summer edition of the Samsung Galaxy Unpacked 2023 event, at Coex in southern Seoul to introduce its latest foldable smartphone lineup -- the Galaxy Z Flip5 and the Galaxy Z Fold5. Samsung also unveiled the new Galaxy Watch 6 series and Galaxy T

Technology July 26, 2023