The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, July 25 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s dominant mobile messenger, said Thursday it has decided to form an emergency management system to address the vacancy left by its founder, Kim Beom-su, following his recent arrest. Under the new system, CEO Chung Shin-a will serve as the acting chief of [...]
SEOUL, Jul. 25 (Korea Bizwire) – South Korean tech giant Naver is gaining increased attention from global investment banks, with its webtoon platform and robotics ventures leading the charge. According to industry sources on July 24, Goldman Sachs and Evercore ISI, two prominent investment banks, have set ambitious target prices for Webtoon Entertainment, the parent company [...]
SEOUL, July 24 (Korea Bizwire) – LG Uplus, a major South Korean telecommunications company, announced on July 24 that it will introduce its web-based in-vehicle gaming service, Game Portal, to Kia’s new EV3. This marks the first time the Game Portal service will be available in a domestic brand vehicle in South Korea. According to LG [...]
SEOUL, Jul. 24 (Korea Bizwire) – LG Electronics announced on July 23 that it has received over 16,000 ideas from customers in South Korea and the United States for its innovative “UP Appliances” program, highlighting a growing trend in consumer-driven product development. Launched in 2022, LG’s UP Appliances are designed to evolve with customers’ needs, allowing [...]
SEOUL, July 23 (Korea Bizwire) – Samsung Electronics Co. and its largest labor union resumed wage talks Tuesday but failed to reach an agreement, informed sources said. The ninth round of talks was represented by Son Woo-mok, head of the National Samsung Electronics Union (NSEU), and Kim Hyeong-ro, the company’s vice president, according to the source. [...]
SEOUL, July 23 (Korea Bizwire) – LG Innotek, a leading electronics components manufacturer, announced on June 22 its plans to accelerate its expansion into the automotive communication parts market with a cutting-edge digital key solution. Digital keys, which allow users to lock, unlock, and start vehicles using smartphones connected via wireless technology, have seen a surge [...]
SEOUL, July 23 (Korea Bizwire) – LG Energy Solutions Ltd. (LGES) and Samsung SDI Co., South Korea’s two leading battery makers, said Tuesday they will diversify their product lineups to better compete with global rivals, particularly from China. LGES and Samsung SDI have focused on high-end lithium ion battery products, but they also need to [...]
PARIS & SEOUL, July 23 (Korea Bizwire) – Samsung Electronics has begun distributing its Galaxy Z Flip6 Olympic Edition smartphones to athletes participating in the Paris 2024 Olympic and Paralympic Games, marking a technological milestone in Olympic history. According to Samsung’s newsroom on July 23, the company is working in conjunction with the International Olympic Committee [...]
SEOUL, Jul. 23 (Korea Bizwire) – In a strategic move to secure a leading position in the next-generation artificial intelligence (AI) semiconductor market, Samsung Electronics is ramping up investments in AI chip companies. Industry sources reported on July 22 that the Samsung Catalyst Fund (SCF), a venture capital fund that operates under the Samsung Semiconductor Innovation [...]
SEOUL, Jul. 22 (Korea Bizwire) – Samsung Electronics, the South Korean tech giant, is revving up its merger and acquisition (M&A) engine, with a particular focus on artificial intelligence (AI) technologies. The company’s recent moves have ignited speculation about its next big deal and future direction in the rapidly evolving AI landscape. On July 16, Samsung [...]