SAN JOSE, California -- Samsung Electronics' much-anticipated Galaxy S24 series has debuted to present what artificial intelligence can offer to change our daily lives. Combining on-device and cloud-based AI technologies, the latest smartphone models showed off some competitive new features with decent performances in image editing and translation, presenting competition for third-party apps. At the SAP Center, a hands-on experience zone was prepared, where visitors could check out the AI f

Industry Jan. 18, 2024

SAN JOSE, CALIF. – Samsung Electronics on Wednesday unveiled the new flagship Galaxy S24 smartphone, its first smartphone powered by artificial intelligence, bringing generative AI to the everyday life of its users. The South Korean tech giant held its Galaxy Unpacked 2024 event at the SAP Center in San Jose, California, with some 2,000 journalists and industry people in attendance. It is the first time that Samsung has held its most important unveiling event of the year in Silicon Valley,

Industry Jan. 18, 2024

Growing geopolitical risks are having profound impacts on the global economy, affecting policies, trade and competition in markets. In the business world, legal disputes across borders are likely to increase against this backdrop, and geopolitical factors may also affect how these cases play out, John Quinn, a veteran trial lawyer who specializes in patent and corporate law, said in a recent interview with The Korea Herald. Quinn founded Quinn Emanuel Urquhart & Sullivan, one of the top liti

Industry Jan. 16, 2024

LG Innotek, the electronic component manufacturing unit under LG Group, said Monday that it had attracted more than 60,000 visitors to its exhibition booth during the CES 2024 tech show last week, a threefold increase from a year before. “At this year’s CES, LG Innotek has positioned itself as a leading company in the field of future mobility as well as accelerating the acquisition of potential customers with highly scalable basic technologies,” said Moon Hyuk-soo, CEO of LG In

Industry Jan. 15, 2024

SK Group showcased its artificial intelligence and carbon-neutrality visions at its "theme-park" concept exhibition at CES 2024, attracting over 60,000 visitors in the four-day tech show. Wrapping up the exhibition on Friday, SK Group said it received more than double the number of visitors at its pavilion set up at Las Vegas Convention Center compared to last year. SK's seven affiliates, including SK Inc., SK Innovation, SK hynix, SK Telecom, and SK E&S, participated in setti

Industry Jan. 12, 2024

SK Networks on Friday announced that it will invest 25 billion won ($19 million) in Upstage, a Korean startup specializing in generative AI solutions, as it seeks to expand its business in the emerging technology. The company, a general trading affiliate of SK Group, said it forged the deal to support Upstage, which is leading in the private large language model market, becoming the lead investor in the startup's Series B funding. “We are looking to back Upstage's market expa

Industry Jan. 12, 2024

LAS VEGAS/SEOUL -- The era of artificial intelligence is opening, and its success will depend on how the market is created to measure up to high expectations and investment, SK Group Chairman Chey Tae-won said, taking part in the CES 2024 technology show in Las Vegas on Tuesday. After touring the showrooms of Samsung Electronics and LG Electronics on the opening day of the world's largest tech show, Chey pointed to transparent TV screens as novel items that may open an entirely new product

Industry Jan. 10, 2024

Samsung Electronics is estimated to have recorded its lowest operating profit in 15 years in 2023, with its chip business only slightly recovering at the end of the year after hitting rock bottom in the wake of sluggish demand and high inventory. In its earnings guidance released Tuesday, the tech giant projected its annual sales for the year at 258.1 trillion won ($196 billion), which is down by 14.5 percent on-year. Operating profit is estimated at 6.54 trillion won, plunging 84.9 percent when

Industry Jan. 9, 2024

LG Electronics is expected to record its highest revenue ever of 84 trillion won ($64 billion) in 2023, backed by solid performance in its core businesses, including automotive products, and effective management, the company's preliminary earnings showed on Monday. Despite challenges posed by delayed demand recovery from the economic slowdown and heightened market competition, LG Electronics marked its third consecutive year of achieving the highest annual revenue, the tech giant said. The

Industry Jan. 8, 2024

Merck, a German-based science and technology company, will present its contributions to advancing the electronics industry through "material intelligence" at CES 2024, the company said Monday. “We are pushing the boundaries of science and technology to make future trends possible. Together with our customers, we enable artificial intelligence,” said Kai Beckmann, a member of Merck's executive board and CEO of the electronics division. “Our customers use our mater

Industry Jan. 8, 2024

[코리아헤럴드=조혜림 기자] 삼성디스플레이가 차세대 폴더블 디스플레이 브랜드 'IRONFLEX(아이언플렉스)'를 최근 미국서 상표출원한 것으로 확인됐다. 폴더블 제품명에 주로 쓰던 'flex'에 강하고 견고함을 뜻하는 영어단어 'iron'을 합성한 것으로 화면 주름 등 내구성이 한층 개선된 제품으로 보인다. 7일 미국 특허청에 따르면 삼성디스플레이는 지난 3일 ‘IRONFLEX’의 상표등록출원서를 제출하고 심사를 기다리고 있다. 상표의 사용범위를 '폴더블 스마트폰,' '폴더블 모니터,' '폴더블 태블릿' 등으로 광범위하고 구체적으로 명시하고 있다. 취재결과 삼성디스플레이는 해당 상표를 미국뿐만 아니라 한국과 영국에서도 동시에 출원했다. 업계 관계자는 “디스플레이 시장에서 경쟁이 심화하면서 기업들이 빠르게 움직이고 있다”며 “

Technology Jan. 7, 2024

Samsung Display has recently registered the "Ironflex" trademark for its next foldable display technology, according to a filing with the US patent agency and industry sources, Sunday. The filing said that the Korean display maker submitted the filing to the US Patent and Trademark Office on Jan. 3 and was waiting for the agency’s review. Similar filings are also found to have been made in South Korea and the UK. The Ironflex trademark consists of standard characters without clai

Industry Jan. 7, 2024

South Korea's top makers of chips and cars, Samsung Electronics and Hyundai Motor Group, are joining hands for heightened connectivity by integrating their smart home and connective car solutions, the companies said Thursday. In a signing ceremony on Wednesday, the two sides agreed to expand Samsung's SmartThings platform to support Hyundai Motor and Kia's connected cars, including electric vehicles. The goal of their partnership is to develop "Home-to-Car" and "C

Industry Jan. 4, 2024

LG Electronics’ North American Innovation Center, also known as LG Nova, has forged a strategic partnership with the US state of West Virginia to advance technologies for renewable energy, health care and other future industries, the Korean tech giant said Thursday. The two entities agreed to form an impact fund dubbed the Nova West Virginia Investment Fund to channel $700 million in project investment into the state over the next five years and grow related businesses. The businesses deve

Industry Jan. 4, 2024

“Generational shift” has long been a buzz phrase in the year-end leadership reshuffle at Corporate Korea for years. 2023 was no exception. The nation’s conglomerates, especially the top four, have touted having promoted younger executives to breathe fresh air into somewhat rigid operations and prepare for the next growth drivers in the ever-evolving business environment. Many of the CEOs in their 60s stepped down to be replaced by those in their 50s, while managers in their 40s

Industry Jan. 3, 2024