Samsung Electronics will unveil the 10th edition of its Galaxy Note smartphone in New York on Aug. 7, according to an official invitation sent to global media and partners on Tuesday. The Galaxy Note 10 series will be unpacked at the Barclays Center in New York, with two models for the first time.  In the invitation for the Note 10 event, Samsung highlighted a hole on the upcoming device’s display with its signature S Pen. Many market watchers are speculating that the Note 10 will hav

Technology July 2, 2019

Hanwha Precision Machinery, the robot manufacturing unit of Hanwha Group, said Tuesday the company signed a contract with Wipro, India’s largest information technology business, to work together on developing automated factory solutions. Under the contract, the Hanwha unit will provide collaborative robots for network-based factory solutions aimed at automating manufacturing processes at various factories across India, led by its Indian partner. The machinery unit is a subsidiary of Hanwha

Economy July 2, 2019

South Korean government will sternly deal with Japan’s move to restrict exports of high-tech materials to Korean chip and display makers, and is considering filing a lawsuit with the World Trade Organization against the neighboring country, the Ministry of Trade, Industry and Energy announced Monday.  “The government will seek stern measures including legal measures in terms of international and domestic laws, including filing a complaint with the WTO.” said Trade Min

Industry July 1, 2019

US President Donald Trump on Sunday called on owners of South Korea’s biggest conglomerates to expand their investments in the United States during a meeting before a bilateral summit with President Moon Jae-in. Samsung Electronics Vice Chairman Lee Jae-yong, Hyundai Motor Group Senior Vice Chairman Chung Euisun, SK Group Chairman Chey Tae-won, CJ Group Chairman Sohn Kyung-shik, Lotte Group Chairman Shin Dong-bin, Hanwha Group Chairman Kim Seung-youn and other officials from the business c

Economy June 30, 2019

Sleepless in South Korea? Tech could be just the ticket. A range of sleep aids are now available to help you rest, from mobile applications and home electronics to more conventional options like food and supplements.  For Lee Ji-woo, a sleep-deprived mother with an 18-month son, a good night’s rest has become the most precious thing in her life. Having slept for more than nine hours a day for most of her life, she has suffered from a chronic sleep deficit since the baby was born. 

Life&Culture June 28, 2019

LG Electronics will offer its core technology for the manufacturing of ice-making refrigerators to one of its competitors, GE Appliance, under a licensing contract, it said Thursday. GE Appliance is currently owned by China’s Haier. The Chinese company acquired the home appliance unit of US-based electronic giant GE and operates the business in the US.  The latest licensing contract allows the Haier subsidiary to use LG’s proprietary technology for making ice cubes inside the fr

Technology June 27, 2019

Woongjin Group said Thursday that the group will resell water purifier business Coway, just three months after completing its reacquisition, to stave off financial risks. The group will seek to sell a 25.08 percent stake in Woongjin Coway by hiring Korea Investment and Securities as an overseer. Woongjin had sold the unit to private equity MBK Partners in 2013. Then, in March, the group repurchased a 22.17 percent stake from the PE for 1.68 trillion won. It later bought an additional 2.91 percen

Industry June 27, 2019

SK hynix announced Wednesday it has started mass-producing 1-terabit NAND chips using its proprietary 4D platform to offer the industry’s largest memory storage capacity. According to the South Korean memory chip maker, the world’s first 128-layer triple-level cell 4D NAND chips with 1Tb storage will be released in the market in the second half of the year.  The company highlighted that the 128-layer 4D NAND flash has become available for commercial use just eight months after

Technology June 26, 2019

Samsung Electronics Vice Chairman Lee Jae-yong is preparing for a meeting with the crown prince of Saudi Arabia by checking out Samsung affiliates’ projects in the Middle East, the company said Tuesday. Lee, as the de facto leader of the biggest conglomerate in South Korea, is expected to attend a luncheon hosted by President Moon Jae-in for Crown Prince Mohammed bin Salman at Cheong Wa Dae on Wednesday.  The Samsung heir on Monday held meetings with the heads of Samsung Engineering a

Industry June 25, 2019

While Samsung Electronics remains indecisive about an official launch of the Galaxy Fold after nearly two months, the South Korean tech giant seems to be preparing to roll out the company’s flagship phablet Galaxy Note 10 on schedule in August, industry sources saidMonday. “The Galaxy Note 10 will have its own timeline for its debut in August, regardless of the Galaxy Fold’s launch schedule,” said a Samsung official. “The company keeps the same stance about the Gala

Technology June 24, 2019

South Korea’s Samsung Electronics and six other global tech giants are being investigated by the US International Trade Commission following allegations that they violated patents in their touch-controlled mobile devices, computers and components, according to industry sources Sunday. The USITC disclosed on its website that it will launch an investigation over allegations that certain touch-controlled devices imported to the US have violated Section 337 of the US Tariff Act.The complaint w

Technology June 23, 2019

Forecasts for the global memory chip market are growing more pessimistic, as a rebound in prices is not likely to happen until next year amid tension between the United States and China’s Huawei Technologies, according to financial reports and industry insiders on Thursday. The negative outlook is dampening expectations about South Korean chipmakers’ performance for the next six months. Global financial institutions, including UBS Securities, Goldman Sachs and Morgan Stanley, recentl

Technology June 20, 2019

Samsung Electronics will aggressively push for mergers and acquisitions of startups and sizable global businesses in the field of non-memory semiconductors, said the head of its system-on-chip business on Tuesday. Kang In-yup, president of the system LSI business of Samsung’s device solutions division, emphasized that Samsung “is open to M&As,” after announcing his unit’s plan to accelerate the development and commercialization of neural processing units and NPU-equip

Technology June 18, 2019

Lee Jae-yong, the de facto leader of South Korea’s largest conglomerate Samsung Electronics, on Monday continued his visits to the tech giant’s emerging businesses in the fields of automotive parts and the fifth-generation network. Samsung Vice Chairman Lee visited the headquarters of Samsung Electro-Mechanics in Suwon, Gyeonggi Province, to check out the affiliate’s new businesses in auto parts and 5G modules, according to the firm.The Samsung affiliate is a major provider of

Technology June 17, 2019

Little progress seems to have been made on the launch of Samsung Electronics’ Galaxy Fold, as the company on Friday denied rumors that the world’s first foldable smartphone would be released in July. There have been rumors that the foldable device would be unveiled to Korean media in June and released on the market in July. Last week, Samsung’s smartphone business chief Koh Dong-jin told a Korean media outlet that the phone would arrive before July. However, according to Samsun

Technology June 14, 2019