LG CNS announced on July 2 that it has signed a strategic collaboration agreement with Amazon Web Services (AWS), the world’s largest cloud service provider, to in order to collaborate on the South Korean company’s expansion of cloud services in the country.LG CNS has formed a strategic partnership
The traditional industries are making a foray into the financial market by banding together with IT companies as the Lotte Group, Korea's No. 1 retailer, and Kakao Bank, a leader in innovation in the information technology (IT) industry, signed an MOU to integrate their distribution and financial bu
Hyundai Motor and Kia Motors' flagship models were recognized for their marketability in the world's largest automobile market, the United States. In particular, the Genesis G90 (EQ900 in the Korean market) is enjoying strong sales, outclassing prominent models of other automakers in marketability.H
Mary Meeker, a partner at venture capital firm Kleiner Perkins Caufield & Byers, recently released Internet Trends Report 2017. According to the report, the global top 10 Internet companies in terms of market capitalization include three Chinese companies – Tencent, Alibaba and Baidu – and the top 2
IT giants in the U.S., China and South Korea are posting a strong growth this year.According to data compiled by Bloomberg as of May 28, the combined market cap of three companies – FAANG of the U.S., BAT of China and Samsung Electronics of South Korea – amounted to US$3.45 trillion (3857.75 trillio
Korea Internet & Security Agency (KISA) will accelerate the introduction of Internet Protocol version 6 (IPv6) this year. It plans to introduce IPv6 in wired and wireless networks by the end of the second half of this year in cooperation with wired and wireless telecommunications carriers.The KISA a
Forbes announced its annual study of the world’s 100 most valuable brands on May 23 (local time) after it evaluated more than 200 global brands based on three years of earnings and allocated a percentage of those earnings based on the role brands play in each industry to determine the final list of
Heralding the era of the fourth Industrial Revolution, home appliances producers are introducing artificial intelligence (AI) technology in their products in earnest. This is because the AI technology is a must to dominate the smart home ecosystem, which links all home appliances, in advance.Accordi
Samsung Electronics will partner with Amazon, which provides video streaming services to more than 200 countries around the world, to lead next-generation High Dynamic Range (HDR) technology. HDR is a technology that enhances TV picture quality by making a bright spot brighter and a dark spot darker
South Korean information and Communication Technology (ICT) companies, including Naver, will jump into the global cloud services market which will grow to US$383.3 billion (440 trillion won) in 2018. Accordingly, all eyes are on whether it will change the market landscape monopolized by four global
Shin Doo-shik, the CEO of startup Haebora which developed the world’s Bluetooth wireless earset called “RippleBuds” that enables its user to speak and listen via the ear, expressed his ambition to make a foray into the AI market. Haebora will attempt to reach a 100% recognition rate of an AI devic
Samsung SDS is set to enter a blockchain business by launching commercialized services for digital identification, payment, document verification based on blockchain platform for enterprises.The IT services arm of Samsung Group unveiled the blockchain security platform Nexledger at a press briefing
Much attention is now paid to whether Coupang, the largest e-commerce platform in South Korea, will be listed on the KOSDAQ as the first Korean version of Tesla. As the company raised 1.1 trillion won (US$975.61 million) of investment from Japanese telecommunication giant SoftBank in 2015, its corpo
As letter and picture-based information services are now changing to video-centered services, the power of contents is growing in the global information and communications technology (ICT) industry. Contents, which were once considered a free offer to increase the number of subscribers, have now bec
The 2017 Seoul Motor Show, which has begun with a press day held at KINTEX exhibition hall in Ilsan, Gyeonggi Province, on March 30, shows in advance how future cars will change our lives.Hyundai Motor brought up “hyper-connected smart lifestyle.” The company declared to become a company which provi
Jeff Bezos, chief executive officer of Amazon, the world's largest e-commerce company and the fifth richest man in the world, became excited about taking control of a robot in its cockpit. This made big headlines. The robot was developed and made by a Korean small company.Bezos went into the cockpit
With the debut of the Samsung Galaxy S8 around the corner, competition is likely to heat up between Samsung Electronics and Google in the AI assistant market.The AI assistant that Samsung Electronics is currently working on, which is expected to be called Bixby, executes every command regarding smar
SK Telecom’s AI assistant NUGU and KT’s AI assistant GiGA Genie make their debut at the Seoul Motor Show kicking off on March 31. These products are expected to be demonstrated by interworking with vehicles displayed by Hyundai Motor Company and Kia Motors, respectively.Hyundai Motor Company has for
The Ministry of Trade, Industry & Energy of South Korea announced on March 14 that South Korea’s investment in the United States has almost tripled since the implementation of the KORUS FTA and the cumulative investment has almost doubled during the same period. South Korea and the United States com
Coupang, the largest e-commerce platform in South Korea, has hired executives of global companies to push into the global e-commerce market.According to industry sources, eight out of 10 company executives are foreigners who are mostly American, Chinese and Indian – including Coupang CEO and founder