The Export-Import Bank of Korea (Korea Eximbank) has signed a project financing agreement worth US$1.19 billion with Indonesia’s state-run oil and gas company Pertamina for the expansion of the Balikpapan Refinery.A signing ceremony was held at the Indonesian Embassy in Seoul, Korea on Dec. 15 with
Hyosung TNC participated in Internationale Fachmesse für Sportartikel und Sportmode Munich (ISPO Munich) 2022, the world’s largest outdoor and sportswear exhibition held in Munich, Germany from Nov. 28 to 30.At this year's exhibition, Hyosung TNC presented MIPAN Regen Ocean, a recycled nylon fib
Samsung Electronics will pull the plug on its ARTIK project in four years after starting to develop the internet of things (IoT) platform.The tech giant recently told employees of the IoT Commercialization Team of the System LSI Department of the Device Solution (DS) Division that the ARTIK project
Samsung Electronics integrated into multiple internet of things (IoT) services into SmarThings and launched the service on February 26. This move was made to strengthen connectivity which is the core of the IoT and provide integrated consumer experiences.Previously, there were applications such as S
Samsung Electronics announced on October 19 that it presented its vision for the integrated internet of things (IoT) and AI that emphasized openness and connectivity in the “Samsung Developer Conference (SDC) 2017” in San Francisco, the USA for two days starting from October 18.Samsung Electronics i
According to German market research firm Statista, the size of the South Korean connected car market for this year is estimated at US$249.5 million whereas those of the United States, China, Germany and Japan for the same period are estimated at US$8.193 billion, US$3.038 billion, US$2.62 billion an
The Nonghyup Financial Group announced on July 17 that it signed an MOU with Bank Mandiri. The Indonesian bank has a total asset of 94 trillion won along with 11 subsidiaries, 3,626 branches and approximately 39,000 employees.The purpose of the MOU is close cooperation in the eight fields including
Samsung Electronics has joined hands with Nvidia, a big player in the autonomous driving system sector, to invest in AI voice recognition company “SoundHound.”According to industry sources on Feb. 1, the Samsung Catalyst Fund, which is under Samsung Strategy and Innovation Center (SSIC) located in t
Samsung Electronics introduced the ARTIK 0 and ARTIK 7 on Oct. 26, which are module platforms for the Internet of Things (IoT) that have advanced device management capabilities in the Samsung ARTIK Cloud. The new devices are expected to provide a complete IoT development solution to help companies t
Samsung Electronics Co. has officially announced to reduce its investment in DRAM this year. Until now, there have been rumors that major semiconductor firms, including Samsung Electronics, will reduce the DRAM investment. However, it is the first time for Samsung Electronics to directly reveal its
According to industry sources, Google is planning to unveil its new virtual reality (VR) headset, along with an Android VR platform, at its developers conference scheduled for May 18.Google’s VR headset is expected to compete fiercely with those of Samsung Electronics. The latter cut the price of it
Such changes in the business structure will have a considerable effect on the industry. As Intel’s core businesses will significantly overlap with that of Samsung Electronics,Intel, which currently carries out a large-scale restructuring and reforms the business structure, plans to strengthen the ne
In the morning of April 27 (local time), Samsung Electronics kicked off this year’s Samsung Developer Conference (SDC) at Moscone Center in San Francisco, USA with around 4,000 developers from the world in participation.The event this year was intended mainly to provide a chance for global developer
Samsung Electronics, the world’s largest TV producer, and Netflix, the world’s largest streaming service provider, have decided to carry out a joint promotional event in the near future in order to strengthen the partnership. However, there is a delicate power game behind between manufacturer and co
The Korean government and large and mid-sized companies have forged a partnership to create an ecosystem for the Internet of Things (IoT).First, they are going to secure a cooperative base by creating a center for the IoT in the first half of this year and to begin various kinds of projects, includi
Samsung Electronics unveiled its platform for the Internet of Things (IoT) era, and is starting to construct an IoT ecosystem.Son Young-kwon, president of Samsung Strategy & Innovation Center, revealed an IoT platform called Artik during his keynote speech at the Internet of Things World held in San
Samsung Electronics is reportedly gearing up to unveil a new mobile cloud service called Samsung Artik. Samsung's strategy seems to showcase its Internet of Things (IoT) based cloud platform aimed at connecting all kinds of terminals that the company makes.According to the United States Patent a