PRESIDENT’S VISIT TO INNOVATION CENTER -- President Park Geun-hye (left) and LG Group chairman Koo Bon-moo look at products made by venture companies based at the Center for Creative Economy and Innovation in North Chungcheong Province, a start-up incubation center run by the conglomerate, on Friday. (Yonhap)

Technology April 8, 2016

KT, NOKIA TEST COMPACT BASE STATON -- Executives and researchers from telecommunications firm KT and network equipment firm Nokia demonstrate a small cell base station based on the Long-Term Evolution-Wi-Fi aggregation technology for the first time in the world. The mobile network base station combines LTE and Wi-Fi signals to enable fast network communication in an efficient manner. (KT)

Technology April 8, 2016

Information technology solutions developer Samsung SDS, once considered as a key Samsung Group affiliate in the inheritance process of the conglomerate’s owner family, is struggling as it is expected to see a significant drop in earnings in the first quarter of this year. Some analysts speculated the recent struggles are largely because the hype over its role in the family inheritance has fizzled.Chung Yoo-sung, chief executive of Samsung SDS. (Samsung SDS)Its share price dropped to a record low

Technology April 8, 2016

LG HQS BRIGHTENS WITH G5 -- LG Electronics said Friday it has begun the G5 Time event, in which it turns on the lights at the firm’s head office in Seoul to depict the name of its flagship smartphone G5. The light show will run from 9 p.m. through midnight daily for the next two months. (LGE)

Technology April 8, 2016

Korea Communications Commission chairman Choi Sung-joon said Thursday he will have discussions with top officials from the U.S. communications regulator over a proposed merger of IPTV firm SK Broadband and cable TV company CJ HelloVision this month.Chairman Choi and officials from the Korean regulator are scheduled to fly to the U.S. on Feb. 17 and meet with the Federal Communications Commission officials including chairman Tom Wheeler.Choi Sung-joong, the chairman of Korea Communications Commis

Technology April 7, 2016

Since its launch a decade ago, Pangyo Techno Valley in Pangyo, Gyeonggi Province, has grown to become the largest venture hub in South Korea. It houses more than 1,000 companies in different industrial categories -- ranging from information technology to biotechnology -- and employs about 70,000 people, generating 70 trillion won ($60 billion) in combined revenues last year. This accounts for more than 20 percent of the entire gross domestic product of the largest province in Korea.

Technology April 7, 2016

ULTIMATE STABILITY--Professional card stacker Bryan Berg builds a 3.3-meter-tall house of cards, the tallest of its kind built in 12 hours and a new Guinness World Record, on LG Electronics’ running front-load washing machine Centum, at an event organized by the tech giant in Seoul last month.　(LGE)

Technology April 7, 2016

Yanolija, a local motel booking company, has pulled fresh investment worth 15 billion won ($13 million) from investors from the U.K. and Korea, it said Wednesday.SL Investment Management of the U.K. and a Seoul-based investor, Partners Investment, have decided to invest in the motel booking business, which has been logging growth in recent years. The logo of motel booking service Yanolja (Yanolja)Established in 2007, the motel booking business posted 36.7 billion won in sales in 2015, up 82 perc

Technology April 6, 2016

LG Display, one of Korea’s leading display manufacturers, said Wednesday it has signed a deal with the city government of Hai Phong, the third-largest city in Vietnam, to build a display module factory there.The Korean display firm will first spend $100 million to establish a local office in the city and begin construction of the factory later this year. It will start operating the factory next year.Jeong Cheol-dong (fourth from left), LG Display chief production officer, and Le Van Thanh (fourt

Technology April 6, 2016

Samsung Electronics, the world’s second largest semiconductor firm, has achieved a breakthrough in the global chip sector by successfully mass-producing a 10-nanometer-class DRAM chip, the company said Tuesday. The new 8-gigabit double-data-rate-4 (DDR4) DRAM chip -- based on 1x nanometer chip design and manufacturing technology -- will place the Seoul-headquartered chipmaker in an unrivaled position, according to the firm. Sams

Technology April 5, 2016

The Korean government has rolled up its sleeves to develop more advanced supercomputing systems than AlphaGo after the artificial intelligence by Google’s DeepMind defeated the nation‘s human Go master last month.Behind the learning and calculation prowess of AlphaGo are supercomputing systems made of more than 1,400 central processing and graphic processing units and application software.China’s supercomputer Tianhe-2 (Yonhap)The Ministry of Science, ICT and Future Planning announced Monday a p

Technology April 4, 2016

SAMSUNG ACTIVEWASH GAINS TRACTION -- Samsung Electronics said Monday that sales of its Activewash top-load washing machine, featuring a plastic built-in sink on top for hand-washing fragile items, has surpassed the 2-million mark since its launch in February 2015. The company said the washer was sold every 20 seconds -- the fastest sales pace among Samsung washing machines -- in 33 countries, including Korea and the U.S. 　(Samsung Electronics)

Technology April 4, 2016

Korea’s leading network operator KT Corp. said Friday that it would beef up its partnership with China Mobile for the next-generation network 5G and connected network services.“Global cooperation is especially important to have future telecom technologies in place,” said KT chief executive Hwang Chang-gyu at a workshop held at the head office of China Mobile on Thursday.  KT CEO Hwang Chang-gyu (left) poses with China Mobile chairman Shang Bing after a meeting in Beijing on Thursday. (KT)Hwang m

Technology April 1, 2016

WEBTOON AWARD -- The winners of the second World Comics Contest, an annual online comics competition organized by Lezhin Entertainment, pose at the award ceremony held in Seoul on Friday. Cash prizes, worth 150 million won ($130,000), were awarded to 12 or webtoons, including “Killing Stalking,” “Pandora’s Choice” “Maison de Maid” and “Royal Servant.” (Lezhin Entertainment)WEBTOON AWARD -- The award ceremony of the second World Comics Contest, an annual online comics competition organized by Lez

Technology April 1, 2016