The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, Nov. 20 (Korea Bizwire) – Samsung Electronics Co. has helped nearly 1,000 startups through its venture program, with the latest batch of 30 firms under the program attracting a combined 34.5 billion won (US$23.4 million) in investments, the company said Thursday. The monumental figure was unveiled in the company’s C-Lab Startup Demoday event held [...]
SEOUL, Nov. 20 (Korea Bizwire) — SK Telecom has decided not to accept a government-recommended settlement that would require the company to pay 300,000 won (about US$220) to each victim of a major personal-data breach, a move that could expose the telecom giant to prolonged civil litigation. According to industry officials on Nov. 20, the company [...]
SEOUL, Nov. 20 (Korea Bizwire) — LG Electronics said on Nov. 20 that it has signed a patent licensing agreement with Amazon covering the use of LG’s Wi-Fi standard-essential patents (SEPs) in the U.S. tech giant’s consumer devices, marking a significant step in the Korean company’s push to monetize its intellectual property portfolio. Under the agreement, [...]
SEOUL, Nov. 20 (Korea Bizwire) – Krafton Inc. has claimed that former leadership of its U.S. subsidiary Unknown Worlds was negligent in developing the survival game Subnautica 2, leading to delays that triggered a legal dispute in the United States, company officials said Thursday. Krafton Chief Executive Officer (CEO) Kim Chang-han filed such a claim [...]
SEOUL, Nov. 19 (Korea Bizwire) – Samsung Display Co. has reached a settlement with China’s BOE Technology Group Co. over technology infringement involving organic light-emitting diode (OLED) displays, ending a nearly three-year dispute in the South Korean company’s favor, sources said Wednesday. The U.S. International Trade Commission (ITC), which was originally set to deliver a [...]
SEOUL, Nov. 19 (Korea Bizwire) – LG Electronics Inc. said Wednesday it has opened a showroom for its new luxury brand SKS in Chicago as part of efforts to expand its presence in the high-end built-in appliance market in the United States. Designed by Italian architect Piero Lissoni, the showroom is located at Merchandise Mart, [...]
SEOUL, Nov. 19 (Korea Bizwire) – Yi Chung, chief executive officer (CEO) of Samsung Display Co., said he expects an “explosive growth” in demand for flexible products in 2030, noting the company will beef up its competitiveness by focusing on such premium products. The head of the wholly owned subsidiary of Samsung Electronics Co. made [...]
SEOUL, Nov. 19 (Korea Bizwire) — LG AI Research is accelerating its entry into major global equity markets with a new artificial intelligence–driven forecasting model developed in partnership with the London Stock Exchange Group (LSEG), aiming to capture rising demand for automated investing tools. The model, called the AI Equity Forecasting Score (AEFS), analyzes roughly 5,000 [...]
SEOUL, Nov. 19 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it has supplied 6,000 units of TVs and signage displays to the Star of the Seas, the world’s largest cruise ship, operated by Royal Caribbean Group. The South Korean tech giant supplied Crystal UHD Hospitality TVs for guest cabins on the 365-meter-long cruise, offering [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s Supreme Court has overturned a lower-court ruling that sided with Philips Korea in a high-profile dispute over transfer pricing taxes, sending the case back to an appellate court for further review. In a decision disclosed Wednesday, the court reversed a ruling that had canceled most of the 90.5 [...]