As Samsung Electronics ushered in the era of foldable phones by unveiling the Galaxy Fold, global smartphone makers are pushing to develop more advanced foldable phones.For instance, Samsung Electronics has patented a smartphone that can be worn on the wrist like a watch, and Apple is said to be pre
Samsung SDS has unveiled a platform that connects Ethereum, a leading open blockchain platform, and Hyperledger Fabric, a representative closed (private) blockchain platform.The company introduced the “Deliver” platform, the first of its kind, at Cello Conference 2019, which was an event for logisti
Samsung Electronics has launched the world's most powerful 12 GB mobile DRAM targeting foldable phones, including the Galaxy Fold.Samsung Electronics announced on March 14 that it would begin mass production of 12 GB low-power DDR (LPDDR) 4x mobile DRAMs, whose capacity is the largest ever. The
Samsung Electronics posted 74 trillion won (US$65.7 billion) in sales in Vietnam in 2018, accounting for 28 percent of the Southeast Asian country's gross domestic product (GDP). The sales figure in Vietnam amounted to 30 percent of the Korean tech giant's total sales in 2018. Analysts say t
As the global electric vehicle (EV) market is growing rapidly, competition is heating up among global EV-related companies to hire Korean EV battery engineers. A few years ago, Chinese companies actively recruited Korean engineers. Now companies from Sweden, Germany and India are offering jobs to th
GlobalFoundries, the world's third-largest semiconductor foundry, is looking for a buyer for its 300 mm fab (Fab 7) in Woodland, Singapore, Taiwan's Digitimes has reported. The report came in less than two months after the U.S. foundry signed a contract to sell its Fab 3E in Singapore to Van
Samsung Electronics and LG Electronics significantly increased the number of patent applications in Europe last year as part of their efforts to preoccupy the next-generation information technology (IT) market, such as autonomous driving, smartphone and communications. In particular, the two compani
Korean President Moon Jae-in will visit Malaysia with an economic delegation including vice chairman Yun Boo-keun of Samsung Electronics, vice chairman Kong Young-woon of Hyundai Motor and president Kim Joon of SK Innovation from March 12 to 14.The Korea Chamber of Commerce and Industry (KCCI) said
Starting with the Galaxy S10 released this year, Samsung Electronics Co. has begun to introduce its own blockchain wallet in the Galaxy series. Samsung’s move is fueling expectations that cryptocurrency payment and remittance services will be popularized. Moreover, the popularization of services lik
Qualcomm's application processor (AP) Snapdragon will be mounted on Samsung Electronics’ foldable smartphone Galaxy Fold. It is unusual for Samsung Electronics to use Snapdragon instead of its AP Exynos in all Galaxy Fold phones, both for domestic users and overseas customers in the North Americ
The labor and management of Renault Samsung Motors failed to reach a collective bargaining agreement until March 8, a deadline set by the company’s parent, Renault Group of France. Therefore, Renault Samsung Motors is highly likely to be excluded from the group's distribution of global productio
Hyundai Motor Group is pushing to build the Global Business Center (GBC) in Samsung-dong, Gangnam-gu, Seoul, in cooperation with external investors rather than on its own. This is part of its strategy to minimize the financial burden in promoting the 3.70 trillion won (US$3.25 billion) project and n
The price of Bitcoin plunged to some 3 million won (US$2,639) earlier this year, generating a debate among analysts over the future of the cryptocurrency’s price. However, it has increased to some 4 million won (US$3,518), gaining upward momentum again. The current price is still low compared to its
South Korean manufacturers’ overseas investment almost doubled year on year in 2018 and South Korea’s total overseas direct investment hit an all-time high during the same period. This has to do with an increase in the number of cross-border M&As and manufacturing facility relocation to China, Vietn
Korea will not be able to launch commercial 5G mobile services in March as scheduled. This is because it will take more time to verify the quality of 5G terminals. Industry insiders say 5G terminals are likely to go on sale in April at the earliest. They say the government caused confusion among con
The Ministry of SMEs and Startups (MSS) will provide 30,000 smart factories by 2022 to help SMEs innovate their manufacturing systems. The ministry believes that its smart factory supply project has contributed to stimulating manufacturing innovation at SMEs and establishing a win-win platform betwe
Samsung Electronics has applied for a patent for a TV with no power cable, which has been a long-resolved question for the information technology (IT) and consumer electronics (CE) industry.According to industry watchers and foreign news resports, Samsung Electronics filed a patent for a wireless po
Speculation is rife that Samsung Electronics Co. will seek to acquire a global semiconductor firm to strengthen its competitiveness in the non-memory sector. The company has enough capital to finance such an acquisition. Vice chairman Lee Jae-yong said in January, “We will show what we have really g
Samsung Electronics ranked seventh, classified as Excellent, in this year's Harris Poll Reputation Quotient with a score of 80. For reference, Samsung ranked 35th with 77.56 in that survey last year. In this year’s survey, Sony climbed from 31st to 10th and 21st Century Fox climbed from 74th to
Samsung SDS announced on March 6 that it has made an equity investment in serverless computing company Iguazio through Samsung Venture Investment Fund.Serverless computing is a service in which cloud service providers build and operate infrastructure, and users pay only for the amount of resources t