Samsung SDI said Tuesday it has been picked by German firm Akasol to supply battery cells and modules for commercial vehicles’ power systems. The South Korean battery maker signed an agreement with Akasol, the leading manufacturer of high-performance lithium-ion battery systems in Germany at the International Motor Show in Frankfurt for two large orders for global commercial vehicle makers. Under the agreement, Samsung SDI will supply its battery cells and modules with a total volume of 13

Technology Sept. 24, 2019

The war of words between Samsung and LG Electronics has expanded from 8K TVs to home appliances, with the former taunting its crosstown rival in online videos.Two updated video clips on Samsung’s YouTube channel feature its lineup of home appliances enabling clothing care, such as the air dresser and laundry dryer. Regarding the steam closet system, the company made an indirect comparison of its Air Dresser and LG Styler, presumably criticizing the technique used to remove dust from clothe

Technology Sept. 23, 2019

 The semiconductor firms in South Korea are holding their breath at the current market conditions, hoping they have avoided the worst. “Starting with NAND, memory chip prices are showing signs of a rebound,” said an industry insider. “DRAM prices also stopped falling last month, which we hope is a sign of bottoming out finally.”  The price of three-dimensional high-spec NAND rose for two months in a row, while the most widely used memory DRAMs halted their price

Technology Sept. 22, 2019

Amid ongoing trade disputes between South Korea and Japan, Samsung Electronics’ de facto leader, Lee Jae-yong, visited Tokyo again at the invitation of the neighboring country’s business community, officials said Friday.The vice chairman of the Korean tech giant visited Tokyo to take part in the opening ceremony of the Rugby World Cup, one of the world’s three largest sports events along with the Summer Olympics and the FIFA World Cup. This is the first Rugby World Cup to be he

Technology Sept. 20, 2019

Samsung Electronics will hold its annual gathering of tech leaders around the world, known as Samsung Developer Conference, in San Jose next month, where it is expected to outline its next move in the tech world. Samsung on Friday announced its lineup of keynote speakers for the SDC 2019 event, slated for Oct. 29, which included the tech giant’s executives to take the center stage. The company’s smartphone business chief Koh Dong-jin, the CEO of IT& Mobile Communications Division

Technology Sept. 20, 2019

The war of words between Samsung and LG Electronics over the picture quality of their 8K TVs, undermining each other’s technological prowess, has baffled South Korean consumers.In their latest spat, the most often used term is CM, or contrast modulation, the level of distinction between the luminance of white and black colors on a screen. A higher CM leads to a clearer distinction between the colors, producing sharper images.LG first raised the issue at IFA -- the world‘s leading tra

Technology Sept. 19, 2019

Lee Jae-yong, vice chairman and heir apparent of Samsung Electronics, met with Mohammad bin Salman bin Abdulaziz, the crown price of Saudi Arabia, to discuss investment opportunities, according to the company on Wednesday. During the meeting in Jeddah on Tuesday, Lee and the Saudi prince touched on various topics including technology, industry, construction, energy and smart cities, reported the Saudi Press Agency. “They discussed investment opportunities in the Kingdom and cooperation bet

Technology Sept. 18, 2019

Samsung Electronics is aiming to recover its declining market share in China with a diverse lineup of 5G-enbaled localized devices, including the latest hit Galaxy Fold, according to industry sources Wednesday. Starting with the Galaxy Note 10 series that was launched last week, Samsung hopes to restore its declining status. “The Galaxy Note 10+ 5G is just the start for China’s 5G market,” a Samsung official said during the launch event. “We hope our new products will hel

Technology Sept. 18, 2019

South Korean tech giants Samsung Electronics and LG Electronics sparred again Tuesday, questioning the picture quality of 8K TVs, undermining each other’s technological prowess. LG once again accused Samsung of exaggerated, misleading marketing of its 2019 QLED 8K TVs and demanded more details.Since the IFA trade show in Berlin, Germany, earlier in September, LG has been slamming Samsung’s 8K TVs as failing to meet globally agreed standards that require minimum 50 percent contrast mo

Technology Sept. 17, 2019

The Seoul Metropolitan Police Agency on Tuesday raided SK Innovation’s headquarters in central Seoul over LG Chem’s accusation that the SK unit stole trade secrets related to developing electric vehicle batteries. LG Chem had made the accusation in May after filing a complaint in April with the US International Trade Commission and the District Court of Delaware over misappropriation of trade secrets through the hiring of former LG Chem employees. Police sent officers to SK Innovatio

Technology Sept. 17, 2019

LG Display announced Monday the company’s incumbent chief tendered his resignation and that it has tapped a LG Chem executive as the new leader.Han Sang-beom, current vice chairman and CEO of the panel maker, expressed his willingness to step down from the post during an emergency meeting of the board of directors for the company, which is currently suffering deficits.The board accepted Han’s resignation and tapped Jeong Ho-young, chief operating officer of LG Chem, as the new CEO of

Technology Sept. 16, 2019

LG Innotek, the electronic parts affiliate of LG Group, said Monday that the company would showcase around 20 kinds of car components at an upcoming automotive show in Japan this week. The LG affiliate will, for the first time, take part in the Automotive World 2019 that kicks off Wednesday for a three-day run in Nagoya -- where Japan’s major auto parts makers, as well as automakers like Toyota, are headquartered. The event is held in Tokyo every January and in Nagoya in September, attende

Technology Sept. 16, 2019

The chief executive officers of LG Chem and SK Innovation, embroiled in a legal dispute over patent infringement issues and the poaching of talent, met Monday at a hotel in Seoul to seek some breakthroughs, the companies said. LG Chem CEO Shin Hak-cheol and SK Innovation CEO Kim Jun reportedly exchanged views for over an hour and maintained their respective stances on the ongoing confrontation. “Details of the talks cannot be revealed,” said an LG Chem official. It has also not been

Technology Sept. 16, 2019

Lee Jae-yong, vice chairman and heir apparent of Samsung Electronics, flew to Saudi Arabia on Saturday to check on Samsung C&T’s infrastructure project in the Middle Eastern country’s capital, Riyadh, the company said Sunday. The de facto leader of South Korea’s biggest conglomerate visited the construction site for the Riyadh Metro project, in which its construction arm is a participant. The project, slated for completion by 2020, will involve the construction of six subwa

Technology Sept. 15, 2019

South Korea’s leading businesses are increasing their presence on Dow Jones indices, indicating improvement in the sustainability of companies from Asia’s fourth-largest economy, according to the firms on Sunday. SK Telecom, the country’s biggest mobile carrier, said it has been included on the Dow Jones Sustainability World Index for the 12th consecutive year. The telecom giant’s record marks the longest period on the index among Korean businesses and the first among Asi

Industry Sept. 15, 2019