The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, July 10 (Korea Bizwire) — South Korean artificial intelligence (AI) company iSciLab has won an award at a global summit hosted by the International Telecommunication Union (ITU), the company said Thursday. During the AI for Good Global Summit 2025 held from Tuesday in Geneva, the company’s AI-based animal biometrics solution was recognized by the [...]
SEOUL, July 10 (Korea Bizwire) — Samsung Electronics is preparing to add a new twist — quite literally — to its foldable phone portfolio. The company is aiming to launch its first-ever tri-folding smartphone by the end of this year, marking a bold leap forward in mobile design and reinforcing its ambition to stay ahead [...]
SEOUL, July 10 (Korea Bizwire) — South Korea’s largest corporations continue to invest heavily in emerging technologies such as artificial intelligence and big data, but their spending on cybersecurity remains strikingly low — averaging just 0.1% of total revenue, according to new industry data. A study released Wednesday by corporate research firm CEO Score analyzed [...]
NEWYORK, July 9 (Korea Bizwire) — Samsung Electronics on Wednesday unveiled its latest generation of foldable smartphones — the Galaxy Z Fold7 and Z Flip7 — in a high-profile global launch event in Brooklyn, New York, touting major upgrades in form factor, artificial intelligence, and user experience. The new devices are significantly thinner and lighter [...]
SEOUL, July 9 (Korea Bizwire) – Mobile game sales generated from South Korean companies fell 13 percent from a year earlier in the first half of 2025, industry data showed Wednesday. Combined sales of local gaming companies from January to June totaled 3.3 trillion won (USD$2.4 billion), down from 3.8 trillion won a year earlier, [...]
SEOUL, July 8 (Korea Bizwire) — Samsung Electronics reported a 56% drop in second-quarter operating profit, as its core semiconductor business struggled with falling demand, inventory losses, and geopolitical headwinds, reinforcing concerns over the company’s near-term growth trajectory. The tech giant on Tuesday announced preliminary earnings of 4.6 trillion won ($3.3 billion) on 74 trillion [...]
SEOUL, July 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has acquired U.S.-based digital health technology company Xealth in a bid to expand its health care information technology (IT) ecosystem. The acquisition agreement was signed on the previous day, and the acquisition process is expected to be completed by the end of [...]
SEOUL, July 8 (Korea Bizwire) — The mounting cost burden of U.S. tariff policies under the Trump administration is beginning to show in the earnings of South Korea’s top electronics manufacturers, with Samsung Electronics and LG Electronics both reporting sharp profit declines in the second quarter. The impact stems from a series of U.S. tariff measures, [...]
SEOUL, July 8 (Korea Bizwire) — As midday temperatures soared past 36°C on July 8, LG Science Park in Seoul remained a cool refuge—thanks to LG Electronics’ cutting-edge HVAC (Heating, Ventilation, and Air Conditioning) systems, now positioned at the core of the company’s high-growth strategy. For the first time, LG opened its state-of-the-art HVAC facility [...]
SEOUL, July 8 (Korea Bizwire) — Samsung Electronics reported a dramatic 56% drop in operating profit for the second quarter of 2025, as its once-reliable semiconductor division faltered under geopolitical pressure and intensifying competition in advanced memory chips. The South Korean tech giant announced preliminary earnings of 4.6 trillion won ($3.3 billion) in operating profit [...]