Minister of SMEs and Startups Park Young-sun said on Feb. 17 that the concept of smart factory introduced for the purpose of innovating small and medium manufacturers will lie at the center of effrots towards reshoring, which is becoming increasingly important in the wake of the spread of Covid-19 i
Mergers and acquisitions (M&As) in the global semiconductor market are expected to increase based on the development of IoT and AI technologies. Industry watchers are paying much attention to the future move of Samsung Electronics with the company aiming to top the global system semiconductor market
Samsung Electronics will release the industry’s first 5G-compatible tablet PC in Korea on Jan. 30.The Galaxy Tab S6 5G features 5G mobile communications, a 10.5-inch super-amorphous display with a thin bezel, AKG's sound technology, and a quad speaker powered by Dolby Atmos. The new device allow
The South Korean government came up with a new policy package on Jan. 15 to accelerate the growth of the biotech industry. All of the 10 new projects that constitute the package are scheduled to be launched in the first half of this year. The government is going to concentrate on deregulation and th
A group of Korean startups have signed partnership and investment agreements with leading global companies such as SoftBank, Sony and global beauty brands at CES 2020. Their export routes have been extended to North America, the Middle East, and Latin America.Icon AI, a startup that has developed a
LG Electronics announced on Jan. 12 that it was informing Korean cultural heritage of the Joseon Dynasty by participating in the media showcase of “Gisa Jinpyori Jinchaneuigye” at the Korean Cultural Center in London of the United Kingdom.The event was prepared jointly by LG Electronics, the British
LG Uplus announced on Jan. 12 that it has officially forged a partnership with Google in the field of augmented reality (AR) content at CES 2020 in Las Vegas.The two companies will immediately establish a joint AR content fund to collaborate in AR content creation and global distribution.LG Uplus is
A team of Korean researchers has come up with technology that can overcome the resolution limitations of micro LED displays, which are attracting much attention as a next-generation display. The new technology is expected to be used to produce high-resolution small displays for virtual reality (VR)
With the 5G market starting to take off all over the world, a patent race for leadership in the 5G market is intensifying. South Korea, which launched commercial 5G services for the first time in the world last year, and other major developed nations including China, the United States and Japan, are
Hyundai Motor Co. and Kia Motors Corp. has introduced a state-of-the-art virtual reality (VR) system to the development of new cars. The new system is intended to verify new automobile designs and maximize their completeness, thus helping the two companies shorten the development period and minimize
Andy Jassy, CEO of Amazon Web Services (AWS), announced the launch of AWS Wavelength, a service based on a 5G network, in a keynote address at the Amazon re:Invent held at the Venetian Hotel in Las Vegas of the United States on Dec. 3.AWS Wavelength is infrastructure that includes AWS compute and st
KT announced on Oct. 3 that it has signed a memorandum of understanding (MOU) with Korea Midland Power (KOMIPO) to build smart power plants based on 5G communications technology.Under the agreement, KT will build a 5G network at power plants and cooperate with KOMICO in developing 5G services for sm
LG Group announced on Sept. 25 that it held LG Startup Tech Fair 2019 with the participation of 40 global startups. The fair aimed to discover and foster promising startups at home and abroad so that the group can collaborate with them in the future.At the event held at LG Science Park, Magok-dong,
The Korea Electronics Technology Institute (KETI) announced on Sept. 17 that it has signed a memorandum of understanding with Korea Western Power Co. (KWP) to cooperate in promoting the eco-friendly power industry and smart power plants based on the two firms’ expertise.Under the agreement, the two
Chinese TV maker TCL has launched a “vertical TV” following Samsung Electronics’ “The Sero,” a model designed to allow young people to project more of their smartphone stuff onto the TV by allowing it to go vertical.TCL has recently taken the wraps off the new smart TV product “XESS Smart Screen,” w
Samsung's flagship phone Galaxy Note 10, which was unveiled in New York on Aug. 7 (local time), features a new S Pen loaded with new functions.The most notable feature of the new S Pen is its Air Actions, which is an upgrade of the Bluetooth-based remote control functions of the Galaxy Note 9 th
SK Telecom announced on July 1 that it has succeeded in data communication using the 5G system by linking core equipment and the 5G standalone (SA) packet exchanger, which is based on the exclusive 5G standard, with Samsung Electronics for the first time in Korea.The current 5G network is not a pure
SK Telecom announced on June 25 that it would accelerate the growth of its 5G global business by partnering with world-class mobile carrier Deutsche Telekom.SK Telecom and Deutsche Telekom held a big town hall meeting at the Grand Walkerhill Hotel in Seoul on June 24. Some 60 key executives of Deuts
LG CNS will work with Microsoft to develop digital workplace solutions for business innovation.LG CNS announced on June 17 that it has signed a strategic partnership (MOU) with Microsoft for digital transformation cooperation, which includes the development of next-generation business environment in
With the United States-China battle for technology hegemony intensifying, a global ICT fair in Shanghai, China took a bitter blow.Although the CES Asia 2019 opened in Shanghai on June 11, the presence of Korean companies decreased noticeably, with major domestic companies including Samsung Electroni