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LG Electronics Showcases 5 IoT Sensors for Households

LG Electronics Showcases 5 IoT Sensors for Households

SEOUL, Jul. 24 (Korea Bizwire) — LG Electronics Inc. on Monday showcased five different Internet-of-Things (IoT) sensors that can be utilized at homes, in line with the company’s push to build up its latest technology. IoT is a concept in which objects are connected to the Internet and can identify themselves to other devices in [...]

Shinsegae to Spend 300 Bln won in Loss-making Convenience Store Business

Shinsegae to Spend 300 Bln won in Loss-making Convenience Store Business

SEOUL, Jul. 13 (Korea Bizwire) — Retail giant Shinsegae said Thursday it will invest 300 billion won (US$263 million) over the next three years to help its loss-making convenience store business cope with the rapidly growing market. Shinsegae, which tapped into the convenience store market in 2014 with an acquisition, has been suffering from losses [...]

Samsung Showcases World’s First LED Theatre

Samsung Showcases World’s First LED Theatre

SEOUL, Jul. 13 (Korea Bizwire) — Samsung Electronics Co. on Thursday introduced the world’s first LED theater solution, which boasts far improved display resolution compared to traditional movie screens. Under cooperation with Lotte Cinema, a major movie chain in South Korea, Samsung said it successfully installed its cinema LED screen. “Based on Samsung’s display technology, [...]

E-mart Works with SM Entertainment to Attract Young Shoppers

E-mart Works with SM Entertainment to Attract Young Shoppers

SEOUL, Jul. 9 (Korea Bizwire) — South Korea’s No. 1 discount retail outlet E-Mart said Sunday that it will expand work with a leading K-pop agency to market products that can attract young shoppers. The chain store, a key affiliate of retailer Shinsegae Group, said it will create 49 everyday products in cooperation with SM [...]

SK Telecom Releases New Smartphone Loss Prevention Alarm

SK Telecom Releases New Smartphone Loss Prevention Alarm

SEOUL, Jul. 5 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. said Wednesday it released two portable devices that notify users if they move 20-30 meters away from their smartphones. The device, dubbed “Smart Tracker,” will come in two sizes and connect to smartphones through a Bluetooth network. The smaller version will [...]