SEOUL, June 18 (Korea Bizwire) – Smart technology is even coming to handbags. Couronne, Kolon Industry’s designer handbag brand, announced on June 17 that it would hold a presale event for its “Smart Bag 1.0: Glimm” from June 17 to 30. The smart handbag adopted Internet of Things technologies including NFC and Bluetooth, and shows the [...]
PYEONGTAEK, Korea, May 7 (Korea Bizwire) — South Korean tech giant Samsung Electronics broke ground on a new chip-production line on Thursday, aiming to further expand its clout in the semiconductor sector amid its ailing smartphone business. The 15.6 trillion won (US$14.4 billion) chip line in Pyeongtaek, some 70 kilometers south of Seoul, is scheduled to [...]
SEOUL, April 7 (Korea Bizwire) — The Korean smart home market increased by 24 percent last year. According to an announcement from the Korea Association of Smart Home (KASH) on April 5, the Korean smart home market reached 8.56 trillion won (US$ 7.85 billion) last year, which was an increase of 24.3 percent from 2013. [...]
SEOUL, March 24 (Korea Bizwire) — South Korea’s ICT and industry ministries said Tuesday they will make an investment of 5.6 trillion won (US$5.05 billion) by 2020 on key emerging business areas such as the Internet of Things (IoT) in a bid to seek new growth sources. The move came after the Ministry of Science, ICT [...]
SEOUL, Feb. 23 (Yonhap) — South Korea’s mobile carrier LG Uplus said Monday it will start selling its new smart navigation platform overseas as part of its broader efforts to set foot in global market with Internet-of-Things (IoT) technology. The Car Link, developed in collaboration with a local platform operator, is based on a “mirroring” service, which [...]
SEOUL, Jan. 27 (Korea Bizwire) – South Korea’s top mobile carrier, SK Telecom Co., said Tuesday it has agreed with U.S.-based Intel Corp. to exchange technology know-how and search for business opportunities in the Internet of Things (IoT) industry. The two firms signed memorandums of understanding on a joint project that gives access to each [...]
SEOUL, Jan. 22 (Korea Bizwire) – Samsung Group invested in an Israeli healthcare venture, Early Sense, which Samsung Electronics CEO Yoon Boo-geun mentioned in his keynote speech at the opening of CES 2015. According a venture investment business source, Samsung Venture Investment closed the fundraising worth US$20 million for Early Sense. Samsung invested US$10 million, and the [...]
“The Internet of Things will be a game changer. It is the most important topic for our industry right now and it is something that will revolutionize our lives and unlock infinite possibilities. Samsung is prepared to play a leading role here.” “We need an open ecosystem so that IoT devices work together, and we [...]
SEOUL, Jan. 2 (Korea Bizwire) — Samsung Electronics Co. will confront wider economic uncertainties abroad this year, the company CEO said Friday, vowing to tap deeper into new businesses to keep its growth engine alive. “We should make full-fledged efforts to gain sustainable competitiveness by introducing smart health, smart home and the Internet of Things (IoT) businesses,” [...]
SEOUL, Aug. 22 (Korea Bizwire) – Samsung Electronics, which faces worries of poor sales in its smartphone business unit, has executed a total of 10 mergers and acquisitions since last year. The moves hint that Samsung is changing its management strategies after vice-chairperson Lee Jae-yong, the son of the ailing chairman Lee Kun-hee, came to [...]