SK Telecom (SKT) will join hands with domestic and overseas information and communication technology (ICT) companies such as Facebook, Kakao and Nexon to expand a 5G-based virtual reality (VR) ecosystem.SKT launched the “Virtual Social World,” a 5G VR service that allows users to connect with many o

Four Korean companies including LG Electronics and LG Innotek have been sued for patent infringement by a U.S. company.VIAVI filed a complaint with the U.S. International Trade Commission (ITC) to initiate an investigation under Section 337 of the Tariff Act of 1930, against the four Korean companie

The Korea Institute of Intellectual Property announced on Nov. 18 that China had 26,893 5G standard patents in the European Telecommunication Standards Institute as of the end of last year, followed by Finland (9,698), the United States (9,154) and South Korea (5,423).At present, China is making gre

Samsung Electronics’ sales in China totaled 28.31 trillion won in the first three quarters of this year whereas the same sales amounted to 43.38 trillion won in the same period of the previous year. During the period, its global sales fell from 131.57 trillion won to 117.39 trillion won and the rati

Naver's Japanese subsidiary LINE and SoftBank's Z Holdings (the parent company of Yahoo Japan) agreed on Nov. 18 to form a mammoth-sized platform based on their combined 100 million users under the vision of growing into a leader of the global artificial intelligence (AI) industry.Naver and

E-commerce stores running on Cafe24’s platform will now be able to utilize licensing to easily produce, ship, market, and promote products.Global e-commerce platform Cafe24 announced on Nov. 18 its MOU with Hyundai Motor Group’s advertising subsidiary Innocean Worldwide for supporting online busines

Samsung Electronics sold off half of its 3 percent stake in ASML, a Dutch semiconductor equipment company, three years ago. Yet ASML has nearly tripled its corporate value in the past three years on the back of its monopoly of extreme ultraviolet (EUV) exposure equipment which are used for productio

The Japanese government’s semiconductor and display material export curbs against South Korea, which started about three months ago, have failed to affect those industries of South Korea. In addition, the Japanese government is loosening the restrictions with time.The Korea International Trade Assoc

Samsung Electronics and Huawei are having a foldable phone showdown in China, one of the world's largest smartphone markets. Huawei released the Mate X on Nov. 15 following Samsung Electronics’ launch of the Galaxy Fold in China on Nov. 8.Samsung Electronics’ first batch of the Galaxy Fold were

LG Electronics will reduce its investment for this year to cope with growing global uncertainties stemming from the U.S.-China trade dispute and other factors.LG Electronics plans to invest a total of 3.38 trillion won this year, according to LG Electronics' third-quarter business report. The fi

LINE Corp., a Tokyo-based subsidiary of the South Korean internet search Naver Corp., and Yahoo Japan are expected to combine with each other to give rise to the world’s largest blockchain company. Each of the Japanese subsidiary of Naver and the sub-subsidiary of Softbank is currently running a cry

Online e-commerce businesses are maximizing opportunities for success through Cafe24’s partner companies.Global e-commerce platform Cafe24 held its first "2019 Cafe24 Online Business Fair" at the Yeouido 63 Convention Center on Nov. 14. It was attended by officials from 700 e-commerce businesses and

LG Electronics’ OLED TV was once again selected as the best TV in the U.S. market. The global OLED TV market is growing fast and expected to reach 1 million units in sales in the first quarter.Leading U.S. consumer magazine Consumer Reports recently evaluated about 200 new TV models sold this year i

As Chinese and U.S. TV makers are moving to enter the OLED TV market next year, LG Display is expected to benefit from it as the company is currently the sole producer of OLED panels.Vizio, a U.S. TV producer, and Xiaomi of China will adopt OLED panels next year. OLED panel demand is expected to soa

Samsung Electronics, which has been persistently attacked by non-practicing entities (NPEs) or “patent trolls,” has filed a complaint with a U.S. court to prevent an NPE from litigating repeatedly. As the number of lawsuits filed by NPEs against Korean companies steadily increased to reach 580 over

Professor Lee Sung-ju at the KAIST School of Computing and his research team have developed a technique by which a smartphone app prototype can be produced with only 50 or so lines of program codes instead of 10,000 lines or more.The professor and his team focused on the fact that millions of smartp

Global display makers have waged intense competition to lead the liquid crystal display (LCD) market in recent several years and now they are turning their eyes to the rapidly expanding organic light emitting diodes (OLED) market.Samsung Display and LG Electronics, which are strong in small and larg

Sangyo Times chief editor Izumiya Wataru said at a seminar on Nov. 11 that South Korean semiconductor companies need to focus more on next-generation memory chips and devices rather than material import replacement while maintaining their current value chain based on a win-win relationship with Japa

KT announced on Nov. 10 that it has launched a pilot “Giga Energy Manager Building” service that efficiently manages and controls energy in mid-sized and large buildings based on artificial intelligence (AI).The Giga Energy Manager Building service combines a building automation system (BAS) with KT

LG Electronics filed a patent infringement lawsuit against TCL of China with the Mannheim District Court and the Dusseldorf District Court in Germany on Nov. 6.The gist of the lawsuit is that some of the technologies applied to TCL’s feature phones and smartphones violated LTE standard patents held