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The latest technology news coverage. We bring you the latest information on what is happening in Korea today.

S. Korea’s Gov’t Eases Regulations to Support SK hynix’s New Chip Cluster

S. Korea’s Gov’t Eases Regulations to Support SK hynix’s New Chip Cluster

SEOUL, Feb. 22 (Korea Bizwire) — The South Korean government said Friday it will move to lift regulations to pave the way for the country’s No. 2 chipmaker SK hynix Inc.’s to build a semiconductor cluster in the Seoul metropolitan area. The Ministry of Trade, Industry and Energy said it plans to request the Ministry [...]

Gov’t Turns to Technology for New Public Service Initiatives

Gov’t Turns to Technology for New Public Service Initiatives

SEOUL, Feb. 21 (Korea Bizwire) — The South Korean government plans to provide a 24-hour civil consultation service, protect victims of crimes using Internet of Things (IoT) technology, and develop a blockchain-based customs system for exporting products. South Korea’s Ministry of Public Administration and Safety announced on Wednesday that it had selected three projects to [...]

SK hynix Pushes to Create Semiconductor Cluster in Yongin

SK hynix Pushes to Create Semiconductor Cluster in Yongin

SEOUL, Feb. 21 (Korea Bizwire) — SK hynix Inc., the world’s second-largest memory chip maker, said Thursday it has officially expressed interest in creating a semiconductor cluster in Yongin, Gyeonggi Province, about 50 kilometers south of Seoul. A special purpose company has submitted a letter of investment intent, for investing in Yongin, to the city’s [...]

SKT, Deutsche Telecom to Sign MOU on Blockchain

SKT, Deutsche Telecom to Sign MOU on Blockchain

SEOUL, Feb. 21 (Korea Bizwire) — SK Telecom Co. said Thursday it will join hands with Deutsche Telekom AG to develop a blockchain platform for digital identification for easier access and better security. The telecom leaders of South Korea and Germany will sign a memorandum of understanding on development and commercialization of blockchain-based mobile identity [...]

QLED TV Sales Outpace OLED Editions in 2018

QLED TV Sales Outpace OLED Editions in 2018

SEOUL, Feb. 21 (Korea Bizwire) – Samsung Electronics is estimated to have sold 1.08 million quantum dot light-emitting diode (QLED) TVs last year that saw the premium segment outpace organic LED (OLED) sales, the latest market analysis showed Thursday. According to IHS Markit, 2.68 million QLED TVs were sold worldwide in 2018, more than the [...]

Samsung Says Foldable Phone Flexible, Built to Last

Samsung Says Foldable Phone Flexible, Built to Last

SEOUL, Feb. 21 (Korea Bizwire) — Samsung Electronics Co. made a splash Thursday with its highly anticipated foldable Galaxy Fold, hoping to bring fresh momentum to the tepid smartphone market that has taken flak for offering very little innovation for years. The South Korean tech giant introduced the Galaxy Fold up front during its Unpacked [...]

Samsung Unveils Galaxy S10, 5G Model Alongside Foldable Phone

Samsung Unveils Galaxy S10, 5G Model Alongside Foldable Phone

SEOUL, Feb. 21 (Korea Bizwire) — Samsung Electronics Co. on Thursday unveiled its latest flagship smartphone, the Galaxy S10, along with a 5G variant, expanding its product lineup to better target the premium market. The South Korean tech giant introduced four variants of the Galaxy S10 with new features, expanded storage and more battery power [...]

Gov’t to Let Banks Open Payment Systems to Fintech Firms

Gov’t to Let Banks Open Payment Systems to Fintech Firms

SEOUL, Feb. 20 (Korea Bizwire) — The government plans to let banks open their payment systems to financial technology firms, in a move that would provide a level playing field for new players and increase competition in the financial industry, officials said Wednesday. The plan was announced at a meeting chaired by Finance Minister Hong [...]