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
Only two Korean companies made the global top 500 in terms of market capitalization.Korea Exchange released on Nov. 14 a survey of listed Korean firms’ market capitalization in terms of the U.S. dollar. As of Nov. 8, Samsung Electronics' market cap stood at about US$268.4 billion, taking 20th pl
Google Cloud will open up the Seoul region (a cloud data center) early next year under a plan to expand its cloud business in South Korea. It has selected Korea as a strategic market and is focusing its investment on it.Google Cloud held “Google Cloud Summit Seoul 2019” at the COEX Convention Center
Samsung Electronics has recently invested in quantum computing technology which can compute thousands of times faster than supercomputers. Quantum computing is a computational technology that processes data using quantum-mechanical phenomena such as "entanglement" and "superposition." IBM, Intel, Go
42Maru, a startup specializing in question-answering artificial intelligence (AI), announced on Oct. 17 that it has introduced the “Language Agnostic AI Platform“ in "AWS TechShift" held at El Tower, Seoul.Clients and partners of AWS from around the globe gathered at the event to announce new opport
Samsung Electronics' brand value has surpassed US$60 billion for the first time, making the Korean tech giant one of the most highly valued brands in the world.Samsung Electronics announced on Oct. 17 that its brand value was estimated US$61.1 billion by Interbrand, ranking 6th in the Global Top
Global e-commerce platform Cafe24 is providing online store integration to three e-commerce markets Halfclub, Ogage, and Bori Bori through its "Multimarket Management" service.The newly connected markets each have distinctions in the fashion retail industry. Halfclub houses 4,000 brands on its platf
Hyundai Motor Group has recruited a former NASA expert in aviation to develop urban air mobility (UAM) commonly called “flying taxis.”The group announced on Sept. 30 that it has established the Urban Air Mobility Division dedicated to developing core technologies for urban aviation mobility and appo
Samsung Electronics and Hyundai Motor broke into the top 10 in a U.S. consumer loyalty survey. In particular, Samsung Electronics took first place in the smartphone segment, beating Apple.Samsung Electronics (smartphone) claimed third place in the 2019 Loyalty Leaders 100 announced by Brand Keys, a
Cafe24 is expanding its sales channel offerings that e-commerce sellers can integrate with their online stores. Global e-commerce platform Cafe24 said on Sept. 4 that the Wemakeprice and Melchi Shopping online marketplaces were added to the list of sales channels offered through its Total Market Man
Samsung Electronics Co. has been chosen as the sixth most loved brand among young Americans.The company ranked sixth in the “Millennials' Top 100 Brands" list recently released by global marketing agency Moosylvania based in St. Louis, Missouri, U.S. The marketing firm polled 1,000 millennials a
Chinese smartphone maker OnePlus will load QLED panels onto TVs to be released in India in September. As the proportion of low-priced products increases in the QLED TV market, the premium image of QLED TVs which Samsung Electronics has promoted might weaken, market watchers say.OnePlus recently twee
With the South Korean stock market losing steam, South Korean investors’ overseas stock trading volume for this year topped US$14 billion. For reference, their overseas stock trading volume totaled US$12,080.86 million in 2017 as a whole. More and more South Korean stock investors are investing in f
SK Hynix Inc. announced on Aug. 15 the launch of its “Gold S31” solid-state drive (SSD). Gold S31 (SATA III – first generation) is the first of the company’s new SuperCore series of consumer SSDs, an internal drive lineup based on SK Hynix’s core technology.The company says Gold S31 will be a perfec
LG Electronics announced on Aug. 14 that it has signed a business agreement with Lumi of China on Aug. 13 to develop new technologies and expand business in the smart home sector. Under the agreement, the two companies will provide artificial intelligence smart home services in the global market bas
Samsung Electronics was ranked fourth in the annual 2019 Most Innovative Tech Brands survey conducted by Brand Keys, a New York-based brand loyalty and emotional engagement research consultancy.This year, 5,127 U.S. consumers 16 to 65 years of age named companies and brands as technological innovato
While Korean companies have been faltering under unfavorable circumstances at home and abroad, their global competitors are enhancing their competitiveness through acquisitions and partnerships. In particular, Chinese semiconductor companies are increasing their investment in non-memory semiconducto
South Korean investors' offshore securities transactions surged more than 60 percent in the first half of this year against the six-month earlier period as local investors have actively sought for high yielding investment products to offset the lackluster South Korean market.South Korean investo
LS Cable announced on July 23 that it has signed a contract to supply 130 kilometers of submarine cables to an offshore wind farm in Taiwan.LS Cable will supply submarine cables to the offshore wind farm in Miaoli in the western part of Taiwan by 2021 through a contract with Belgian construction com
Dynamics Inc., an American payment solution company, has recently filed a lawsuit against Samsung Electronics, claiming that it violated Section 337 of the Tariff Act of 1930 with regard to mobile devices including multifunction emoulators. The United States International Trade Commission is going t