Daewoo Engineering and Construction will expand its presence in Vietnam by starting new businesses in collaboration with the Southeast Asian country’s major construction firm CC1, the company said Wednesday. Daewoo E&C and CC1 signed a memorandum of understanding at the Korean company’s headquarters in Euljiro, central Seoul, on Friday, under which the two partners will exchange information about biddings in the Korean and Vietnamese markets and seek new businesses together. CC1

Industry Aug. 28, 2019

LG Innotek, electronic parts affiliate of LG Group, announced Wednesday the firm has developed flexible three-dimensional lighting for premium cars with a plan to aggressively enter the high-end vehicle market. Dubbed Nexlide-HD, it is a module for cars’ front and rear external lighting that emits bright and uniform light. The lighting module consists of a number of specialized LED packages attached to a thin substrate, which helps spread the light around 180 degrees. Previous lighting mod

Technology Aug. 28, 2019

Market analysts and investors said Tuesday it has become clearer that Samsung Display will invest in quantum dot organic light-emitting diodes as the next-generation display technology to replace liquid-crystal displays. “Samsung Display is likely to stop its LCD production at the Gen 8.5 line in Asan in the coming months and covert the LCD business to large-size QD-OLED panel business phase by phase,” said Kim Dong-won, an analyst at KB Securities. Such expectations were raised afte

Technology Aug. 27, 2019

In order to provide better user experiences on dual-screen devices, LG Electronics has partnered with Naver to work on expansion of the web portal’s multitasking-focused browsing platform, the company said Tuesday. LG will adopt Naver’s web browser Whale for the firm’s upcoming devices, which will focus on optimizing the user interface of LG’s dual screen devices. Whale is marketed as an “omni-tasking” browser that enables users to operate more than two tasks

Technology Aug. 27, 2019

Amid the harsh trade and market conditions surrounding South Korea’s largest conglomerate, Samsung Electronics, the company is on high alert as the country’s highest court is set to rule this week on a bribery scandal involving Samsung’s heir and the former president. The Supreme Court is scheduled to deliver a final verdict Thursday at 2 p.m. in the cases of former President Park Geun-hye, her confidante Choi Soon-sil and Samsung heir Lee Jae-yong. The top court will decide wh

Technology Aug. 26, 2019

South Korean tech giant Samsung Electronics’ in-vehicle computing system DeX will be piloted by the Chicago Police Department in the United States, the company said Friday. Dubbed as “DeX In-Vehicle,” the solution will provide police officers the ability to dock their Galaxy smartphones and access policing applications on a dash-mounted display and keyboard. The officers in the pilot -- taking place across the city’s 11th District this year -- will be able to access compu

Technology Aug. 23, 2019

South Korea’s leading battery maker LG Chem has introduced sustainability as an evaluation factor for battery material suppliers to incorporate the rising importance of supply chain management and ethical purchases, the company said Thursday.  The company recently conducted the first assessment of its material suppliers, in which it evaluated the suppliers’ sustainability by examining working conditions, human rights of employees, safety of the work environment, management of ma

Technology Aug. 22, 2019

Samsung Display CEO Lee Dong-hoon held an event to boost communication with employees, underscoring that the company was taking steps forward despite facing challenges the company said Thursday. At its corporate campus in Asan, South Chungcheong Province, on Wednesday, Lee had a question-and-answer session with around 450 employees. The event was broadcast live for employees who were not able to be present.  During the 1 1/2 hour meeting, Lee offered frank answers to questions raised by emp

Technology Aug. 22, 2019

South Korea’s two biggest memory chip makers Samsung Electronics and SK hynix slipped to second and fourth place, respectively, in a global ranking of chip sales due to price falls, a report showed Wednesday. The 2019 McClean Report released by market researcher IC Insights showed that the world’s leading semiconductor businesses reported over 30 percent declines in their sales for the first half of 2019. The combined sales of the top 15 chipmakers stood at $148.7 billion as of June,

Technology Aug. 21, 2019

Samsung SDI, a battery affiliate of Samsung Electronics, hosted a summer camp for about 500 children this month, providing opportunities to learn about the environment, the company said Wednesday. The camp, called the “Green Planet Environment School,” ran from Aug. 6 through 14, inviting kids from community children’s centers near the company’s headquarters. The camp’s curriculum included topics related to the environment, such as solar energy, climate change and e

Technology Aug. 21, 2019

Samsung Electronics Vice Chairman Lee Jae-yong on Tuesday headed to Gwangju to check on the tech giant’s software educational program that supports youth employment. “It is essential to raise software talent in expanding the fundamental base for the IT industry,” Lee said. “Despite the current difficulties, we need to plant seeds for the future.” Last year, Samsung established four software academy centers across the country, including in Gwangju, with the

Technology Aug. 20, 2019

LG Electronics will set a separate booth for its premium home appliance lineup LG Signature in collaboration with Italian architect Massimiliano Fuksas during the 2019 IFA show next month, the company said Tuesday. Under the company’s slogan for the premium brand, “Art inspires technology. Technology completes art,” Fuksas will design the exhibition booth for Signature products on the theme of “Infinity” -- a nod to the “infinite possibilities of the Signature

Technology Aug. 20, 2019

Preorders for Samsung Electronics’ Galaxy Note 10 series have surpassed 1.3 million units in Korea, the company confirmed Tuesday.  Samsung received preorders for the latest flagship models for 11 days from Aug. 9 through Monday. The total order volume is estimated to be over 1.3 million units, double that of the predecessor Note 9, according to the tech titan. The most popular model during the preorder period was the 256-gigabyte Galaxy Note 10+ model in aura glow, the company said.&

Technology Aug. 20, 2019

For the first time, Apple Korea revealed on Monday figures for its local employment in South Korea, amid increasing calls for multinational tech giants to disclose their profits and taxes for operations here.According to the homepage of Apple Korea, the smartphone and mobile software developer claims to have directly and indirectly created over 325,000 jobs in Korea, including around 200,000 new positions in connection with the mobile-based App Store in 2008. “Apple has been operating its

Technology Aug. 19, 2019

While Samsung Display, an affiliate of Samsung Electronics, is moving to cut its production of liquid crystal display panels, the company is making significant efforts to produce quantum dot organic light-emitting diode panels, according to the industry on Sunday. Samsung Display CEO Lee Dong-hoon told The Korea Herald, “The company is making good efforts” to launch QD-OLED panels in the near future.There have not been any investment plans on QD-OLED production confirmed by the compa

Technology Aug. 18, 2019