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Cooperation Key to Success in the IoT Market

Cooperation Key to Success in the IoT Market

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 [...]

LG Expands LED Lighting Lineup to Penetrate Local Market

LG Expands LED Lighting Lineup to Penetrate Local Market

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 [...]

Samsung Attracts Attention at IFA with Virtual Reality “Cooking Show”

Samsung Attracts Attention at IFA with Virtual Reality “Cooking Show”

SEOUL, Sept. 7 (Korea Bizwire) – At IFA 2015 in Berlin, Germany, Samsung Electronics attracted visitors with a unique cooking show combining dishes made by world-class chefs and virtual reality. The “Cine des Chefs” event, which began with the official opening of the IFA on September 4, showed how culinary masters make dishes with Samsung’s “Chef [...]

Smartphone Makers Lure Customers with Price Marketing

Smartphone Makers Lure Customers with Price Marketing

SEOUL, Sept. 4 (Korea Bizwire) – Recently, Korean smartphone makers are cutting prices for their newly introduced products in Korea to lure customers who have become more sensitive to price tags due to the mobile device distribution act. According to industry representatives, Samsung Electronics set the price tag of its Galaxy Note5 at 899,200 won [...]

Government to Inspect National Properties Using Drones

Government to Inspect National Properties Using Drones

SEOUL, Sept. 2 (Korea Bizwire) – The South Korean government will deploy drones to investigate national properties scattered at 5.4 million locations nationwide. The Ministry of Strategy and Finance announced plans on September 1 to properly manage the country’s national properties. By deploying drones and leveraging spatial geographic information, which is more accurate and advanced than aerial [...]

Samsung Electronics Removed from the Top 10 Global IT Brands in Market Cap

Samsung Electronics Removed from the Top 10 Global IT Brands in Market Cap

SEOUL, Aug. 30 (Korea Bizwire) – Samsung Electronics Co., the world’s largest handset maker, slipped to the world’s 13th most valuable IT company by market cap as the tech giant’s shares suffered losses this year due to a bleak business outlook, a report showed Sunday. Samsung, South Korea’s most valuable company, had remained in the [...]

Virtual Mirrors, Virtual Fitting: Samsung Shares the Future of Shopping

Virtual Mirrors, Virtual Fitting: Samsung Shares the Future of Shopping

SEOUL, Aug. 28 (Korea Bizwire) -- The future is here. While window shopping, customers can get information about a product displayed on the other side of a transparent OLED “window”. Customers can also try on outfits through virtual reality, and see how they would look from all directions. Samsung Electronics will reveal new products using [...]