LG Electronics is hoping to lead the era of artificial intelligence-powered TVs with its new lineup of household sets powered by its AI platform ThinQ, the company’s home entertainment chief said Monday.At a launching event showcasing LG’s premium TV lineup for this year at LG’s R&D center in southern Seoul, Brian Kwon, president of LG’s Home Entertainment Co., told reporters, “In addition to our TVs’ perfect black and perfect visual quality, this will be a year for us to take the next step with

Technology March 5, 2018

GALAXY S9 ON BURJ KHALIFA -- An advertisement for the release of Samsung Electronics‘ latest flagship phone Galaxy S9 is shown on the facade of the Burj Khalifa building in Dubai. The ad was shown five times over two days on March 2 and 3 (local time) on the world’s tallest building, complementing an experience zone where consumers could try out the new features of the Galaxy S9. (Samsung Electronics)

Industry March 4, 2018

Samsung SDI will be providing 13,000 battery modules for an energy storage system project on the Hawaiian island of Kauai, the company said Sunday.The Lawai Solar and Energy Project, run jointly by the American AES Group affiliate Distributed Energy and the Kauai Island Utility Cooperative, will install a 28-megawatt solar photovoltaic system and a 100 megawatt-hour five-hour duration ESS on Kauai. Samsung SDI will be providing approximately 13,000 battery modules for the ESS.“The project will p

Technology March 4, 2018

Dayou Group has completed the acquisition of Daewoo Electronics and has begun measures to normalize operations at the electronics company, the group said Sunday.Dayou Group purchased an 84.5 percent stake in Daewoo Electronics from DB Group and financial investors through a special purpose company, confirmed by a Daewoo shareholders’ meeting on Feb. 28. The shareholders elected Ahn Jung-gu as the company’s representative director. Daewoo Electronics `s plant in Gwangju (Yonhap)Ahn Jung-gu, the r

Industry March 4, 2018

The next flagship smartphone from LG Electronics is set for release in the first half of 2018, according to the top executive of LG‘s mobile division.At Mobile World Congress 2018, LG did not roll out a new flagship smartphone as Samsung did with its Galaxy S9, but rather introduced new artificial intelligence capabilities on its V30S ThinQ.According to Hwang Jeong-hwan, who heads up the mobile business at LG, the company’s focus now is on improving core competitiveness. Hwang Jeong-hwan, head o

Technology Feb. 27, 2018

Samsung Electronics and Vodafone Group on Monday announced a strategic partnership in certain European markets to create a range of Internet of Things-based smart home products and services. The suite of products and services will bring together Samsung’s SmartThings open platform and the V by Vodafone consumer IoT system.  SmartThings Home Monitoring Kit from Samsung (Samsung)By connecting devices to the phone, including security cameras and smoke detectors, users of the V-Home by Vodafone syst

Technology Feb. 26, 2018

Samsung Electronics brought on a foreign executive and female board member Friday, in its first meeting of the board since Vice Chairman Lee Jae-yong was released from jail on Feb. 5.At the meeting held at the company‘s Suwon headquarters Friday, the board agreed to name Jeong Kim, chairman at Kiswe Mobile, Kim Sun-wook, former president of Ewha Womans University, and Park Byung-gook, a professor of electrical and computer engineering at Seoul National University, as independent directors of the

Technology Feb. 23, 2018

HPE Aruba is planning to pursue aggressive market share growth in Korea in 2018 by focusing its energies on landing big enterprise deals, according to the company‘s country manager for South Korea on Thursday.“I believe that Aruba is the only vendor in the networking field that can compete against Cisco for big deals,” said Charles Kang, country manager for Korea at a press conference Thursday in Seoul.HPE Aruba, a Hewlett Packard Enterprise Company, is a leading provider of next-generation netw

Technology Feb. 22, 2018

Korea‘s largest search engine platform Naver is focusing its energies in 2018 on marrying its core business of search with the customizing capabilities of artificial intelligence, but there are many hurdles ahead, according to the company’s chief executive Wednesday.At the annual Naver Connect 2018 conference, where Naver reaches out to creators and small business owners who operate on their platforms, Naver Chief Executive Han Seong-sook told reporters that the largest change to the company thi

Technology Feb. 21, 2018

SK Telecom said Wednesday that it is expanding its Internet of Things hybrid connectivity with the addition of a new nationwide network called Long-term Evolution Cat.M1, to be commercialized starting in April. An image of SK Telecom's booth at the upcoming Mobile World Congress in Barcelona starting Feb. 26. (SK Telecom)The new network will supplement the existing LoRa and LTE Cat.1 networks, handling mid-tier data between the small data handled by the LoRa network and the larger data connected

Technology Feb. 21, 2018

Despite continuing developments in augmented reality technologies, AR games -- the most common way consumers have experienced augmented reality -- have gone stagnant following the explosive popularity of Niantic’s “Pokemon Go” last year. Models test out virtual reality gaming systems at VRIGHT, a virtual reality theme park from KT and GS Retail set to open March 1. (KT)According to a recent survey from digital research firm DMC Media, just 6.4 percent of respondents said that they had installed

Technology Feb. 20, 2018

KT, KIST succeed in one-to-many quantum encrypted communicationTelecom company KT and the Korea Institute of Science and Technology said Monday that they had succeeded in sending one-to-many quantum encrypted communication on KT‘s commercial network. KT employees test the one-to-many quantum encryption network at the company’s research lab in Seocho-gu, Seoul. (KT)The test was the first time that the company succeeded in one-to-many transmissions using quantum encryption. Last year, KT and KIST

Technology Feb. 19, 2018

Artificial intelligence is growing smarter by the second, and soon it will be able to outsmart us and take our jobs -- or at least many fear it will.But this sentiment is largely premature, as AI in its current state is “not the beginnings of general intelligence,” Philip Evans, a senior adviser to the Boston Consulting Group, told The Korea Herald. Philip Evans, senior advisor to the BCG (BCG)“There is a widespread perception that AI is converging on human intelligence, that there is a process

Technology Feb. 19, 2018

Korean telecom carriers are preparing to show off their latest 5G-related advancements at the Mobile World Congress as Korea races towards commercializing the ultra-fast network technology.Although 5G, or fifth-generation networks, is best-known for its potential for lightning speeds and low latency, the technology also allows for real-time interchanges of much larger packets of data than current 4G networks -- opening up new possibilities in the popularization of services such as self-driving c

Technology Feb. 18, 2018

The next evolution in the way companies do business will be represented by a movement from existing IT solutions to data and cloud-based solutions, according to an Alibaba executive.“In the next 20 years, the era will be changing from IT to data technology,” said Leo Liu, general manager for Alibaba Cloud for Hong Kong, Macau, Taiwan and Korea, in an interview with The Korea Herald. According to Liu, the competitiveness of companies in the future will depend on how companies can use new technolo

Technology Feb. 14, 2018