Chinese TV makers are putting mounting pressures on their Korean competitors. In the premium TV market, Korean companies are still in control but in the low-priced TV segment, Chinese companies are expanding their control.Chinese TV maker TCL’s market share reached 10.8 percent in terms of volume in
Samsung Electro-Mechanics has developed an ultra-slim optical 5x zoom camera module. The company announced on May 20 that it will mass-produce the new camera module, which establishes 5x zoom at a lower height than the conventional optical 2x zoom, from this month.Optical zoom allows a user to zoom
After the U.S. Commerce Department restricted Huawei’s access to American suppliers last week, U.S. companies such as Google, Intel, and Qualcomm have parted from Huawei. This development may benefit Korean companies such as Samsung Electronics and LG Electronics. However, analysts note that Huawei
Beauty blockchain firm Cosmochain has attracted US$2.50 million (2.98 billion won) token investment from a U.S. hedge fund.Cosmochain is a blockchain project that has attracted attention when Samsung Electronics selected it as an initial dApp partner for its Galaxy S10 Smartphone in March. The Galax
The Financial Services Commission and the Fintech Center of Korea announced on May 20 that the total fintech investment in South Korea reached US$520 million last year based on a rapid increase in investment in the industry.The fintech investment in South Korea began to increase in 2016 after a conc
As the U.S. government has put Huawei on a blacklist to restrict the Chinese IT company’s access to U.S. suppliers, a growing number of global companies are suspending transactions with it.While Google has decided to stop allowing Huawei to access updated versions of its popular Android applications
LG Electronics' V50 ThinQ, a dual-screen 5G smartphone, surpassed 100,000 units in sales in just one week after its launch. The figure is more than four times that of the previous model V40 ThinQ.The impressive performance of the V50 ThinQ is attributable to the three mobile carriers’ fierce com
Samsung Electronics recorded the sharpest drop in sales in the first quarter of this year among the major semiconductor companies in the world. As a result, Samsung Electronics ranked second after Intel in the United States in semiconductor sales for the second consecutive quarter.Total global semic
Lee Jae-yong, vice chairman of Samsung Electronics, recently flew into Tokyo, Japan and discussed ways to cooperate in the 5G network business with two leading Japanese mobile carriers.According to Samsung Electronics officials, Lee visited Tokyo for three days from May 15 to 17 and met with the top
Korea’s automobile production stood at 957,402 units in the first quarter of this year, down 0.6 percent from 962,803 units in the same period of last year, said the Korea Automobile Manufacturers' Association (KAMA) on May 19.Korean carmakers’ domestic sales and exports edged up 0.6 percent and
The combined operating profit of the top 10 companies listed on the benchmark KOSPI market in terms of operating profit plunged 47.3 percent in the first quarter of this year compared to a year earlier. Seven firms, excluding Hyundai Motor Co., Kia Motors Corp. and Hyundai Mobis Co., all saw their o
Samsung Electronics has succeeded in satellite broadcasting of ultra-high-definition 8K TV for the first time in Europe.Samsung Electronics announced on May 16 that it demonstrated satellite transmission of a 8K video to an 8K TV in Luxembourg with European satellite broadcasting company SES Astra o
The management and labor union of Renault Samsung Motors Corp. have reached a tentative agreement on wages and working conditions for 2018, 11 months after they began negotiations in June last year.Renault Samsung said the two sides have dramatically come up with a tentative deal. However, it still
Shinhan Investment Corp. is seeking to take over the Hyatt Regency Danang Resort and Spa in Vietnam. The company continues to focus its investment on hotels in Danang after it released a financial product earlier this year to allow investors to indirectly invest in FourPoints by Sheraton in Danang.S
Samsung Electronics has lowered the price of a recently launched new 98-inch quantum dot QLED 8K TV model by nearly 30 percent to promote 8K TVs.Samsung Electronics lowered the price of the 98-inch QLED 8K TV launched in the United States last month to the US$70,000 level. The price is about US$30,0
Samsung Electronics is one year ahead of TSMC and two to three years ahead of Intel in gate-all-around (GAA) technology, a next-generation non-memory semiconductor manufacturing technology that is regarded as a game changer in the foundry industry, foundry consulting firm IBS announced on May 15.Sam
The total transaction volume of Samsung Pay, the mobile payment service operated by Samsung Electronics Co., exceeded 40 trillion won (US$33.68 billion) at the end of April, 44 months after its launch. The number of subscribers has surpassed 14 million.Launched in August 2015, Samsung Pay achieved t
The Korean shipbuilding industry is faltering due to sluggish global shipbuilding orders. Korean shipbuilders are lagging behind their Chinese rivals in landing orders in the second quarter after losing first place to China in the first quarter.Global shipbuilding orders continued to shrink in April
Samsung Electronics reclaimed the first spot in the premium smartphone market in India in the first quarter of this year.Global market research firm Counterpoint Research released a report on the smartphone market in India on May 13. Samsung launched the Galaxy S10 series in the Indian market immedi
Samsung Electronics plans to expand the application of blockchain and cryptocurrency functions, which were loaded onto the Galaxy S10, to other Galaxy models such as the budget Galaxy phones.The Korean tech giant also plans to cooperate with telecom companies in blockchain-based mobile identificatio