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Samsung to Acquire SmartThings, Leading Open Platform for the Internet of Things

Samsung to Acquire SmartThings, Leading Open Platform for the Internet of Things

MOUNTAIN VIEW, California, Aug. 14 (Korea Bizwire) — Samsung Electronics announced that it has entered into an agreement to acquire SmartThings, creator of the leading open platform for the smart home and the consumer Internet of Things. SmartThings supports an open and growing ecosystem of developers, who are producing new types of connected devices and [...]

SK Broadband to Mark Industry First UHD Up-scaling Service

SK Broadband to Mark Industry First UHD Up-scaling Service

SEOUL, Aug. 14 (Korea Bizwire) — SK Broadband will begin its service of up-scaling full HD video contents into ultra HD images with its proprietary solution offering UHD experience with existing full HD videos for the first time in the industry. Korea’s second-largest broadband Internet service provider in terms of the number of subscribers plans to offer Hollywood [...]

“LG G3″ to Successfully Deploy Indoor Positioning Technology for Smartphone

“LG G3″ to Successfully Deploy Indoor Positioning Technology for Smartphone

SEOUL, Aug. 14 (Korea Bizwire) — LG Electronics‘ flagship smartphone model “LG G3” has successfully deployed Qualcomm‘s “IZat,” a location-based indoor positioning technology, for the first time in the world. IZat is a location-based technology that utilizes diverse connection technologies such as differential GPS, Wi-Fi, cloud server and smartphone sensors to locate and position the user outdoors [...]

Samsung Unveils New Refrigerator “Slim Style” for Single Homes

Samsung Unveils New Refrigerator “Slim Style” for Single Homes

SEOUL, Aug. 12 (Korea Bizwire) — Samsung Electronics launched on August 11 a new refrigerator “Slim Style” customized to the lifestyle of single families. In consideration of the fact that singles reside in smaller homes and are keenly interested in interior design, the company came up with a design slimmer in width and depth but taller in height [...]

Hyundai Department Store to Acquire Kimchi Refrigerator Producer WiniaMando

Hyundai Department Store to Acquire Kimchi Refrigerator Producer WiniaMando

SEOUL, Aug. 12 (Korea Bizwire) — Hyundai Department Store won a bid to acquire WiniaMando Inc., the company better known as its kimchi refrigerator brand “Dimchae.” With the acquisition of the kimchi fridge manufacturer, the department store operator could add electronics manufacturing in its business portfolio. On August 10, the department store announced that it signed [...]

Samsung to Make 24 Tril. Won Investment to Get out of Mini Slump

Samsung to Make 24 Tril. Won Investment to Get out of Mini Slump

SEOUL, Aug. 1 (Korea Bizwire) — Samsung Electronics, after announcing disappointing quarterly financial results recently due to the poor performance of its smartphone division, is trying to get out of a funk by investing intensively in B2B businesses focusing on semiconductors and displays. The company said this on July 31 in a conference call releasing [...]

Audiobook App for Visually Impaired to be Made by Korea’s Top Fiber Maker

Audiobook App for Visually Impaired to be Made by Korea’s Top Fiber Maker

SEOUL, July 29 (Korea Bizwire) –Taekwang Group, Korea’s synthetic fiber manufacturer, said it will develop an audiobook application for visually impaired. The group’s info-techunit Tsis announced on July 27 that it has endorsed in initiating the “Audiobook Application Development Project” with the Korea Society for the Welfare of the Visually Handicapped. Upon completion of the project, [...]