SK hynix recorded another record-breaking operating profit in the third quarter of this year, but the chipmaker might scale back its investments next year, the company’s chief financial officer said during a conference call Thursday. “The investment plan for next year hasn’t been confirmed yet,” said CFO Lee Myoung-young. “But considering the global economic uncertainties and inventories, the amount of capital spending is expected to decrease.” The company had expanded investments for this year

Technology Oct. 25, 2018

LG Display, the world’s No. 1 organic light-emitting diode panel maker, said Wednesday it achieved the first surplus from selling OLED panels since 2013 for the August-October period this year. According to its third-quarter earnings report, the panel maker recorded 6.1 trillion won ($5.39 billion) in sales and 140.1 billion won in operating profit. An 8K OLED panel is displayed at Korea Electronics Show 2018 at Coex in southern Seoul on Wednesday. (LG Display)Owing to increases in prices of liq

Technology Oct. 24, 2018

A total of 729 tech companies from 15 countries participated in the 2018 Korea Electronics Show that kicked off Wednesday, showcasing how technological collaboration among different industries can bring about changes to consumers’ everyday life with innovative products. The KES is the biggest information technology show taking place every October in Seoul, inviting thousands of tech industry officials, analysts and media outlets to introduce the latest trends in the tech world and showcase new t

Technology Oct. 24, 2018

Samsung Electronics and its affiliates will engage in a groupwide campaign to reduce use of plastics and disposables at the workplace to join global moves of cutting plastic consumption and protect the environment, the company said Tuesday. The electronics unit said the current campaign at the company, Samsung SDS and Samsung Electro-Mechanics will be expanded to Samsung Display, Samsung SDI, Samsung C&T and Hotel Shilla. At the affiliates’ cafeterias, plastic and vinyl materials for takeout foo

Technology Oct. 23, 2018

LG Chem broke ground for an electric vehicle battery plant in Nanjing, China, its second EV battery production facility, to aggressively expand into the Chinese market, the company announced Tuesday. The new three-story factory will be built on a 200,000 square meter plot in the Binjiang Economic Development Zone, with a plan to start operations late next year. The company will inject a total of 2.1 trillion won ($1.9 billion) into the new facility by 2023 with an aim to secure an annual capacit

Technology Oct. 23, 2018

Models showcase Samsung Electronics’ new laptop “Flash” with a fast internet speed and a retro-style keyboard at an event held at Pier59 Studios in Seoul on Monday. (Samsung Electronics)Samsung Electronics is working on development of new form factors of laptops, including one with foldable display, as part of its efforts to innovate personal computer products in line with the changing market for mobile devices, a company official said during a showcase event for the latest laptop Flash on Monda

Technology Oct. 22, 2018

Samsung Electronics is making deals and announcing new activities in target business areas wherever its de facto leader goes, though the company refuses to confirm any connection between the two.The itinerary of Lee Jae-yong’s latest trip seems to be closely connected to the South Korean conglomerate’s new business interests -- mainly artificial intelligence. Lee is the vice chairman of Samsung Electronics and the only son of Chairman Lee Kun-hee who has been in hospital since suffering from a s

Technology Oct. 21, 2018

KT will start providing real-time subtitles in eight languages for its internet protocol TV service Olleh TV, starting Monday, to better serve foreign-born customers in South Korea, the mobile carrier said Sunday. Multilingual subtitling will be offered for four news channels and will feature subtitles in English, Japanese, Chinese, French, Spanish, Vietnamese and Uzbek.  Foreign models pose ahead of the introduction of a real-time multilingual subtitling service for KT’s Olleh TV. (KT)KT unveil

Technology Oct. 21, 2018

Samsung Electronics announced Thursday it will start wafer production of the 7-nanometer Low Power Plus with extreme ultraviolet lithography technology at a tech day event held in Silicon Valley. Samsung Tech Day is an annual event to announce the chipmaker’s technology road map and introduce the newest semiconductor solutions for its enterprise clients. The foundry technology using extreme ultraviolet, or EUV, known as the most advanced process technology, enables the use of a single mask to cr

Technology Oct. 18, 2018

LG Electronics appears to be on course to ramp up its drive for the development of autonomous driving with an aim to debut its first artificial intelligence-based self-driving solution at the 2019 Consumer Electronics Show, according to the industry on Thursday. The South Korean electronics manufacturer’s Chief Technology Officer Park Il-pyung will deliver a keynote speech at CES about the newest technologies under development by LG, which includes its AI-powered navigation system, according to

Technology Oct. 18, 2018

Samsung Electronics Vice Chairman Lee Jae-yong is currently in Stuttgart, Germany, to seek partnerships with German carmakers, The Korea Herald confirmed Wednesday, suggesting the tech giant is making aggressive moves to expand its automotive parts business.Stuttgart is home to some of the world’s biggest premium automakers, including Daimler-Benz, Porsche and auto parts maker Bosch. “Vice Chairman is currently on a business trip to Canada and Europe, meeting with talents for new businesses, mai

Technology Oct. 17, 2018

Around 200 attendees from political, business and academic circles on Tuesday shared views on the significance of economic cooperation with the Association of Southeast Asian Nations at The Korea Herald Biz Forum, applauding the forum’s discussion as “timely” in line with the increasing value of the Southeast Asian market not only for the Korean Peninsula, but also for the world. Kim Hyun-chul, chairman of the Presidential Committee on New Southern Policy, highlighted the forum

Economy Oct. 16, 2018

South Korea’s biggest network operator SK Telecom announced Monday the company had succeeded in the first call in a test bed using commercial fifth-generation equipment by Samsung Electronics. To reach the goal of commercializing the world’s first 5G services through mobile routers as early as in December, the two Korean mobile operator and equipment manufacturer are speeding up technological preparations for the launch.The first call refers to the final procedure of testing smooth data transfer

Technology Oct. 15, 2018

Samsung Electronics on Thursday unveiled the world’s first smartphone with four rear cameras, packed with new features to capture moments more effectively. The Galaxy A9 debuted at a launch event held in Kuala Lumpur, Malaysia, highlighting the first rear quad camera built for a world driven by visual communication.  Samsung CEO Koh Dong-jin introduces the Galaxy A9 in Malaysia on Thursday. (Samsung Electronics)“Building on our legacy in smartphone camera development, we’re introducing next-gene

Technology Oct. 11, 2018

Samsung SDI has embarked on a three-week corporate social responsibility campaign during October, to take place at six SDI locations across the country, the company announced Monday. The battery-making unit of Samsung will roll out a variety of activities to serve communities surrounding its workplaces, including farm work, book donations, mural painting and the provision of ophthalmologic care for local residents. The activities will take place in 19 communities in Cheonan, Ulsan, Gumi, Cheongj

Industry Oct. 8, 2018