LG Electronics said Monday it has joined the IBM Quantum Network as a member to further explore its applications for quantum computing required in the field of artificial intelligence, connected cars, internet of things and robotics. LG Electronics, an electronics arm of South Korea‘s fourth-largest conglomerate, was the latest to take part in the alliance of over 170 entities. Those taking part in the community as a member, partner or quantum hub are given access to IBM‘s quantum c

Technology Jan. 10, 2022

Samsung Display, the display panel maker arm of Samsung Electronics, said Monday its latest quantum-dot organic light emitting diode display technology was certified by evaluation services provider SGS. The QD-OLED, touted as the technology to support next-generation TV picture quality, had received three certifications for True Color Tones, Pure RGB Luminance and Ultrawide Viewing Angle upon performance testing by the Switzerland-based SGS. Samsung Display said in a statement the certificati

Technology Jan. 10, 2022

LG Electronics has topped 70 trillion won ($58.2 billion) in full-year sales for the first time in its history in an earnings surprise, in the same year that the company took down its mobile phone business, a preliminary filing showed Friday. The revenue of LG Electronics came to 74.72 trillion won through 2021, up 28.7 percent from the previous year, according to its preliminary consolidated financial report. This beat the earnings consensus estimate by South Korean analysts. According to mark

Technology Jan. 7, 2022

SK Innovation, a chemical arm of South Korea‘s third-largest conglomerate SK Group, said Friday its high-ranking officials including Vice Chairman and Chief Executive Officer Kim Jun agreed on a course of actions to achieve its net-zero goal before 2050, while at CES 2022 on Thursday morning local time. Under its Carbon to Green initiative, SK Innovation executives approved plans to tackle indirect emissions that occur in the company’s value chain, often described as Scope 3 emissi

Technology Jan. 7, 2022

South Korea-based SK Group is in talks with US chip maker Qualcomm to develop a new hyper speed memory chip tailored to data centers, its communication technology arm SK Square said Friday. The new chips would run applications or computers for data center operation in order to meet soaring corporate demand amid the global chip shortages that could cause server delays, according to SK Square, the parent of memory chip maker SK hynix. The world‘s data center chip market could potentially gr

Technology Jan. 7, 2022

Samsung Electronics logged an operating income of 51.57 trillion won ($42.89 billion) for 2021, up 43.3 percent from a year prior, as its businesses ranging from semiconductor chips to smartphones and home appliances have seen a surge in global demand, its preliminary filing showed Friday. It was the company‘s largest annual profit since it posted 58.89 trillion won in 2018. It is also the third-largest annual profit it recorded in history. During the fourth quarter alone, the South Kor

Technology Jan. 7, 2022

SK Telecom CEO Ryu Young-sang and Samsung Electronics’ mobile business chief Roh Tae-moon discussed their potential partnership on a slew of tech areas, including 5G network, artificial intelligence and the metaverse, the company said Thursday. “Samsung has been creating comprehensive services by converging different areas of business into one,” Ryu said at CES 2022 held in Las Vegas. “SK Telecom will continue to push forward to fine-tune its convergence of telecommunic

Technology Jan. 6, 2022

Samsung Electronics Vice Chairman and Chief Executive Officer Han Jong-hee said at the world’s largest tech show CES 2022 that the company’s new sustainable technologies would become part of the consumer experience. The green technologies would help Samsung‘s product lifecycle minimize the impact on climate change and encourage its consumers to reduce their carbon footprints, Han said during the keynote speech Tuesday. The green technologies suggested by Samsung range from the

Technology Jan. 5, 2022

LG Electronics said Tuesday it plans to roll out new self-lit television models that come in both the largest and smallest size in the world, as early as March this year. The latest strategy appears to have been laid out to solidify its industry leadership amid dozens of electronics rivals making their TV market entries with organic light-emitting diode displays. The company, which ships over 60 percent of OLED TVs globally, showcased the world‘s largest 97-inch OLED TV model, and at the

Technology Jan. 4, 2022

Top executives of South Korean technology giants stressed on Monday their need to push relentlessly for unmatched quality in a long-term approach, as their electronics and semiconductor chip businesses are projected to yield the highest revenue for 2021, in their respective New Year’s addresses. Fierce competition on a global scale still leaves Samsung Electronics, one of the world’s leading electronics goods makers and chipmakers, with a long road ahead to secure a technology leade

Technology Jan. 3, 2022

LG Electronics said Monday it would introduce a new in-vehicle infotainment concept tailored to autonomous vehicles at CES 2022, indicating that its car cabins can turn into a space where passengers work, watch TV, exercise or experience camping virtually. Called LG Omnipod, the new mobility concept solution gives a glimpse of an on-the-road extension of one’s personal living space which is designed to function as a home office, entertainment center or lounge, LG Electronics said in a st

Technology Jan. 3, 2022

South Korea-based exhibitors are headed for CES 2022 in Las Vegas to showcase new technology in line with the global drive to cut carbon emissions and the urge to adapt to the new normal. Artificial intelligence-based solutions for chips and batteries, and nickel-rich batteries will show paths to reducing carbon footprints, while virtual reality-inspired mobility solutions are also expected to take center stage at what is considered the world’s largest electronics show. On Sunday, SK T

Technology Jan. 2, 2022

South Korean tech giant Samsung Electronics said Sunday it plans to unveil the world’s first gaming monitor with both a 4K resolution and a 240 Hz refresh rate display at the upcoming CES 2022. Thus far, gaming monitors with ultrahigh definition -- having the resolution of 3,840 pixels wide and 2,160 pixels high -- have shown a latency of up to 144 Hz display. With the new 32-inch monitor, dubbed Odyssey Neo G8, Samsung Electronics is expected to show off the technology with the unprec

Technology Jan. 2, 2022

SK Square, an information and communication technology arm of SK Group, has added South Korean agricultural startup Green Labs to its range of portfolio companies with a 35 billion won ($29.5 million) investment as a sole investor, it said Monday. The startup operates a smart farming platform called “Farm Morning,” dedicated to optimizing the supply chain of crop harvesting and distribution, as well as providing data-driven consulting services to farmers. The deal puts the curren

Technology Dec. 27, 2021

LG Display on Monday unveiled four new concepts using its transparent panel solutions to be premiered at its hybrid CES 2022 exhibitions in January. The new concepts feature screens that look like normal transparent glass windows, allowing users to see objects on the other side. But the screens can display images or deliver information while remaining transparent at the same time. These concepts aim to achieve spatial innovation at home, the office and commercial facilities including department

Technology Dec. 27, 2021