Samsung Electronics’ de facto leader Lee Jae-yong on Thursday discussed the tech giant’s strategy to utilize the world’s first 3-nanometer process technology for manufacturing chips. Lee visited the company’s semiconductor research and development center in Hwaseong, Gyeonggi Province, as his first official gesture of on-site management in 2020. The Samsung heir discussed the company’s plans to commercialize cutting-edge chips ordered from global customers on the la

Technology Jan. 2, 2020

Samsung Electronics is expected to unveil another artificial intelligence platform, named “Neon,” at the Consumer Electronics Show next month, according to reports on Monday. It was developed by Samsung Technology and Advanced Research Lab, based in the United States, under the leadership of the unit’s President Pranav Mistry, the youngest executive at Samsung. Neon is likely to be introduced as a new AI platform of Samsung. A recent tweet on the unit’s official Twitter a

Technology Dec. 30, 2019

South Korea’s large businesses increased investment in research and development by around 11 percent throughout the year despite declines in sales, according to data from a local market tracker released Wednesday. The aggregate investments of 211 major companies stood at 39.2 trillion won ($33.7 billion) as of the third quarter, up 11.3 percent from the 35.2 percent recorded during the same period last year, showed a report from corporate researcher CEO Score. The 211 firms are among the c

Technology Dec. 25, 2019

LG Electronics said Wednesday it will debut its connected car platform -- built in collaboration with multiple global tech companies -- for the first time at the Consumer Electronics Show 2020 that kicks off in Las Vegas on Jan.7. The South Korean tech giant is going to demonstrate the latest version of Linux-based car infotainment platform webOS Auto that it has been working on with Qualcomm, Microsoft, Qt and Luxoft. The company will exhibit a connected car model co-designed by automotive seat

Technology Dec. 25, 2019

LG Chem is mulling a slew of measures to bolster its electric vehicle battery business, including a plan to spin off the battery unit next year, according to a news report Tuesday. The report said an internal task force at LG Chem is currently operating with a schedule to spin off the battery business division as a subsidiary of the LG affiliate by July. In response, LG Chem said, “The company is considering various measures in order to enhance competitiveness and value of the battery busi

Technology Dec. 24, 2019

Samsung Display, the sole supplier of foldable displays for Samsung Electronics, has acquired majority stake in ultrathin glass substrate firm Dowoo Insys as part of its plan to secure adequate supplies, according to industry sources Tuesday. The subsidiary of Samsung Group purchased 600,000 shares of Dowoo Insys for 13.5 billion won ($11.6 million) last week through a collaborative fund with Samsung Venture Investment Corp., making it the largest shareholder with a total of 27.7 percent stake.

Technology Dec. 24, 2019

The Consumer Electronics Show -- the world’s largest annual tech event -- is usually a platform to showcase next-generation TVs, refrigerators and washing machines, but the latest edition will see brand new smartphones in the limelight, according to industry sources Monday. CES 2020 that will kick off in Las Vegas on Jan. 7 and is slated to offer a glimpse of future smartphones, which will make their first appearances at the show. 　Led by Samsung Electronics and LG Electronics, around 400

Technology Dec. 23, 2019

Nexon said Sunday its latest mobile role-playing game V4 will be a turning point in the market with increasing fans of the seamless combating experience enjoying duets on its unique server system. Standing for “Victory For,” V4 is a classic MMORPG with characters whose looks can be customized. Since its launch in November, the game has topped game rankings by revenue. On Nov. 9, it rose to become the bestselling app on Apple’s App Store, and as of Sunday, it was in third place

Technology Dec. 22, 2019

South Korean tech companies said Sunday they are gearing up for the Consumer Electronics Show 2020 in Las Vegas slated for January, making all-out efforts to showcase how far their artificial intelligence technologies have advanced with the ability to make life much easier. LG Electronics is putting its AI platform ThinQ at the forefront of its exhibition at the event with a plan to introduce a seamless lifestyle with the help of advanced solutions making users feel homey anywhere. Under the mai

Technology Dec. 22, 2019

Samsung Electronics and its de facto holding company Samsung C&T on Wednesday released a statement that included a public apology for the conglomerate’s efforts to disrupt the formation of trade unions at some of its affiliates. The apology was made one day after a Seoul court handed down jail terms to key executives of the electronics unit, including Lee Sang-hoon, Samsung Electronics’ chairman of board, and Chung Keum-yong, CEO of Samsung C&T. “The company acknowledge

Technology Dec. 18, 2019

Samsung Electronics said Wednesday it will start churning out artificial intelligence accelerators for China’s leading internet engine operator Baidu early next year. The South Korean tech giant and Baidu have worked together to develop the cloud-to-edge AI accelerator, dubbed as Baidu Kunlun, built on the Chinese firm’s neural processor architecture as well as Samsung’s 14-nanometer process technology with its proprietary Interposer-Cube package solution. Known as I-Cube techn

Technology Dec. 18, 2019

Nine candidates have been shortlisted for the position of next chairman of KT, South Korea’s second-largest mobile carrier said Friday. KT’s board of directors said late Thursday it had finalized a short list of nine candidates -- including three current KT executives and four former executives -- and announced the names of eight candidates. KT has not revealed the profile of one candidate upon the person’s request. The incumbent KT executives are Koo Hyun-mo, head of customer

Technology Dec. 13, 2019

Samsung Electronics will make an additional $8 billion investment in its memory plant in Xian, China, in a preemptive response to the projected growth of memory chip demand, according to news reports Friday. A Chinese media outlet reported that Samsung has officially decided to execute the investment for the Xian plant. Samsung’s headquarters in Seoul, however, declined to confirm the investment plan. According to the report, the decision was revealed Tuesday during a meeting between an ex

Technology Dec. 13, 2019

No one is sure who the top brass of Samsung Electronics will be next year as the company is silent about its annual organizational reshuffle amid ongoing multiple trials involving key executives, according to industry sources Thursday. The South Korean tech giant usually appoints its top executives in early December and personnel shake-up across all affiliates by mid-December. But this year, neither its leadership nor its business divisions have made personnel announcements, making it harder for

Technology Dec. 12, 2019

Samsung Electronics will start receiving preorders for the world’s first QLED display-equipped laptops in collaboration with Intel, from Friday.Presales for the Galaxy Book Flex and Galaxy Book Ion will take place online from Friday through Thursday ahead of their official launch Dec. 20. Unveiled at the Samsung Developer Conference in October, the Galaxy Book Flex and Galaxy Book Ion feature the world’s first QLED display on a laptop. Equipped with Samsung’s proprietary QLED d

Technology Dec. 12, 2019