Kwon Oh-hyun, a former chief executive officer of Samsung Electronics who retired late last year, was the highest-paid man in South Korea last year, earning far more than the owners of chaebol including the tech giant’s de facto leader Lee Jae-yong.According to an annual business report released by Samsung Electronics, Kwon received a total of 24.38 billion won ($23 million) in annual salary last year, three times higher than what he had earned a year before. Kwon had served as the vice chairman

Industry April 3, 2018

LG Electronics’ upcoming G7 smartphone is expected to adopt an advanced liquid crystal diode display panel, which is interpreted by industry officials as a move to launch more affordable premium phones with organic light-emitting diode display phones, according to news reports and leaks on Monday. Dubbed by media and tech experts here as “G7,” LG’s new flagship model is predicted to be unveiled at the end of this month in Seoul, and released next month.Ahead of its debut, some detailed informati

Technology April 2, 2018

South Korea’s mobile carrier LG Uplus said Monday it has sent out technical details needed for development of mobile devices running on the upcoming fifth-generation network to the country’s major handset makers Samsung and LG Electronics. The telecom firm highlighted that it was the first among the three local mobile operators to send the technology specifications and standards that will help produce optimal devices for the 5G network, a significant move towards early commercialization of the n

Technology April 2, 2018

As the global market anxiously awaits the release of the first commercial foldable smartphone, Samsung Electronics is seen mulling designs for its first such device, it appears from the latest patent issued to it by the US Patent and Trademark Office.According to the database of the USPTO on Friday, Samsung won a patent for a new design of a portable electronic device that has a foldable part attached to the main body of the device with a hinge.The patent was applied for in August 2015.According

Technology March 30, 2018

Smartphone giant Samsung Electronics is increasing its research and development efforts on drones by applying for multiple patents in the United States, according to the industry on Friday. Samsung was issued a patent from the US Patent and Trademark Office on Tuesday on a new design of a drone the company is assumed to be developing. A design of a possible drone by Samsung Electronics (USPTO)The patent, which was filed in January 2017, shows an ornamental design for a drone that resembles a hel

Technology March 30, 2018

South Korean electronics giant Samsung will build a research and development center for artificial intelligence in Paris, which will be the company’s third-largest AI R&D base after Korea and the US, the company said Thursday. The announcement was made after the French president’s office said Wednesday that President Emmanuel Macron held a meeting with Samsung’s strategy chief Young Sohn in Paris to discuss a plan to boost the country’s AI capacities. An official announcement by the French gover

Technology March 29, 2018

After coming under fire for collecting logs of calls and text messages through Facebook Messenger, the social network platform has made its privacy tools easier to find in order to enhance users’ control of their data, it said Thursday. Facebook has redesigned the entire settings menu on mobile devices from top to bottom to make things easier to find, it said. Instead of having settings spread across nearly 20 different screens, they are now gathered in a single place. A new Privacy Shortcuts me

Technology March 29, 2018

South Korea’s communications regulator is considering opening a formal investigation into the latest suspicion facing Facebook, which has been accused of logging calls and text messages via its Messenger app, according to government officials on Wednesday. The Korea Communications Commission’s privacy infringement investigation division summoned top officials of Facebook Korea earlier this week to question the purpose of collecting logs of calls and text messages, the scope of the collection and

Technology March 28, 2018

Samsung Electronics announced Wednesday the company had broken ground for a second memory chip fabrication line in Xian, Shaanxi Province of China, investing a total of $7 billion for the next two years. The second line, slated for completion next year, will be used for manufacturing Samsung’s premium V-NAND flash memory chips, a strategic move in response to growing demand for NAND chips, especially in the Chinese IT market, the company said. “By producing the world’s best memory products here

Industry March 28, 2018

KT will launch the country’s first virtual reality-based 3-D fitting service for home shopping channels, it said Tuesday. Starting Wednesday on the Hyundai Home Shopping channel, local womenswear brand Joinus’ new blouses for spring will be sold with the help of a 3-D avatar trying on the new clothes on behalf of consumers at home. Subscribers to KT’s GiGa Genie speaker and Olleh TV UHD will be able to experience the service by choosing 3-D content on the IPTV menu. On the Shinsegae Shopping cha

Technology March 27, 2018

IBM Chairman & CEO Ginni Rometty will meet with South Korea’s leading financial group Shinhan Chairman Cho Yong-byoung on Wednesday during her three-day trip to Korea, according to sources on Monday.  (Yonhap)“The meeting between the two chairmen will include talks on the current partnership between the American IT business and the Korean bank as well as future businesses on artificial intelligence and cloud computing,” a source said. The meeting will take place at the headquarters of Shinhan Fi

Technology March 26, 2018

Samsung Electronics’ visual display unit has internally set a goal of selling 1.5 million quantum dot-based light-emitting diode TVs this year in order to make clear its top position in the global premium TV market, according to sources Monday. “Samsung’s target sales volume for the QLED lineup is 1.5 million, a notable increase from last year’s 1 million,” an industry source told The Korea Herald. “By selling more of these expensive larger-size TVs than before, Samsung wants to raise the averag

Technology March 26, 2018

Samsung’s annual general meeting of shareholders held Friday was a representative scene of Koreans’ love-hate relationship with the country’s biggest conglomerate, despite the absence of its Vice Chairman Lee Jae-yong.Shareholders from young students to the elderly, who came from various parts of the country, lashed out at the board of directors during the two-hour session held at Samsung Electronics’ Seocho head office in southern Seoul. For instance, a middle-aged man issued a complaint to CEO

Industry March 23, 2018

Samsung Electronics agreed to enhance shareholder value and pledged to keep increasing dividends for shareholders until 2020 at a general meeting of shareholders on Friday. At the annual shareholders meeting attended by 502 registered retail and institutional investors, four agenda items were proposed by the board of directors and approved by the shareholders. As widely expected, Samsung’s heir apparent Lee Jae-yong did not attend the meeting, remaining out of the public eye for six weeks since

Industry March 23, 2018