SEOUL, Sept. 22 (Korea Bizwire) — South Korean tech giant Samsung Electronics said Tuesday it has released an elegant, furniture-like smart TV set in London in collaboration with two renowned French designers, expanding its product lineup in the high-end TV segment. Samsung’s Serif TV, which comes in a stylish wood, plastic or metal frame intended [...]
SEOUL, Sept. 10 (Korea Bizwire) — Dutch electronics giant Philips has expressed interest in taking over a stake in Coway, South Korea’s top water purification maker which has been put on the selling block, industry sources said Thursday. Last month, Seoul-based private equity fund MBK Partners picked Goldman Sachs as a lead manager of the sale [...]
SEOUL, Sept. 8 (Korea Bizwire) – In order to succeed in the IoT (Internet of Things) market, which is the blue chip of the ICT (Information and Communications Technology) industry, many companies are seeking a symbiotic relationship instead of a competitive one. Home electronics companies and telecommunications companies that provide a formless platform are entering the [...]
SEOUL, Sept. 8 (Korea Bizwire) – By adding three more LED lighting products to its local lineup, including devices that consume less energy and have longer lifespans, LG Electronics hopes to penetrate the domestic LED lighting market and attract more customers. LG’s new LED room light, the first such LED lighting for residential purposes by LG, is [...]
SEOUL, Sept. 7 (Korea Bizwire) – Samsung Electronics and LG Electronics, South Korea’s top two tech firms, are famed for blazing a trail for the world home appliances market by showcasing frontier technologies for every new product. Recently, they’ve embarked on an unlooked-for venture that seems quite off the track — going somewhat bizarre with [...]
SEOUL, Aug. 25 (Korea Bizwire) – KT, Korea’s second largest mobile carrier, today launched the “GiGA IoT Alliance,” an open consortium for Internet of Things (IoT) related industries, which will support brainstorming ideas for startups, commercializing the ideas, and promoting them overseas. The GiGA IoT Alliance, Korea’s largest IoT consortium, is composed of approximately 100 [...]
SEOUL, Aug. 10 (Korea Bizwire) – Industry watchers are suggesting that Samsung Electronics might find itself stuck between the US and China in the home Internet of Things (IoT) business. A report issued by the KT economic research laboratory predicted that Apple and Google will dominate the platform, and Chinese companies will be a conspicuous entity in [...]
SEOUL, July 29 (Korea Bizwire) – Samsung Electronics, the world’s largest TV maker, sold more than 1,500 units of its premium SUHD TV per week in July, tripling its sales over the previous month. Samsung officials said that the SUHD TV sales increase came after it launched a series of relatively low-cost models called JS7200 earlier [...]
Seoul, July 17 (Korea Bizwire) – A fire extinguisher that puts out fires in their initial stages using sound waves has been invented by a national research team. Soongsil University announced Professor Bae Myung-jin of the Sound Engineering Lab and his team invented the Sound Wind fire extinguisher and developed initial products. The Sound Wind fire [...]
SEOUL, July 13 (Korea Bizwire) — Samsung Electronics is poised to stage another battle with archrival Apple to grab a bigger share of the global smartphone market by releasing devices with wider screens at an international trade show in September, market watchers said Monday. While Samsung has yet to announce the detailed schedule of its next phablet lineup, [...]