Samsung Electronics is taking steps to sell off a unit of its Medical Device Division.According to industry sources on September 19, Samsung Electronics held an employee briefing session presided over by Jeon Dong-soo, head of the Medical Device Division and president of Samsung Medison, on the plan

Samsung Electronics Co. has lost a competition with Taiwan Semiconductor Manufacturing Company (TSMC) for the production of graphics processing units (GPUs) for Nvidia.Taiwanese media reports celebrate winning the competition but the market rather takes a positive view on Samsung Electronics. Samsun

Lotte Data Communication announced on September 18 that it showcased a blockchain-based fresh food distribution service at “Blockchain Seoul 2018,” which is held at COEX from September 17 to 19.The event is sponsored by the Fourth Industrial Revolution Forum of the National Assembly, the Ministry of

Many Korean companies are keeping a close watch on Samsung Electronics’ recent moves to develop robots. Although the company is keeping its silence regarding its entry into the robotics market, it seems highly likely that the electronics giant will launch strategic products in response to the moveme

SK Telecom announced that it will commercialize the next-generation Wi-Fi service “T Wi-Fi AX,” which is four times faster than the existing Wi-Fi.T Wi-Fi AX is a Wi-Fi service based on the 802.11.ax standard, offering the speed up to 4.8 Gbps per access point (AP). This is about four times faster t

KT announced on September 17 that it has signed an MOU with Korea Airport Corporation (KAC) to build a smart airport based on information and communication technology (ICT).Under the terms of the agreement, the two companies will cooperate to run strategic projects based on 4th Industrial Revolution

KT, which set up a blockchain research arm three years ago, is planning to launch a community currency service based on blockchain technology, in cooperation with Gimpo City. The company and Gimpo City announced on September 17 that a platform for the service will be established before the end of th

Samsung Electronics came in seventh in brand impact ratings in a survey of US consumers. In particular, the company recorded the highest trust level among computer and software brands in terms of privacy protection.According to industrial sources on September 17, Samsung Electronics ranked 7th in th

The ongoing trade war between the United States and China is showing no signs of easing. The Chinese government is planning to boycott the high-level trade talks scheduled for late this month after predictions that the U.S. will impose 10% tariffs on Chinese goods worth a total of US$200 billion.Hig

An allegation was made that Samsung Electronics' strategic smartphone Galaxy Note 9 went up in flames spontaneously in the United States. While Samsung Electronics launched an investigation into the case, it is concerned that the case might become the beginning of another battery disaster like t

Samsung Electro-Mechanics will build a 500-billion-won multi-layer ceramic capacitor (MLCC) plant for electronic equipment in Tianjin, China. The company is operating a large-scale MLCC complex for information technology (IT) devices. An MLCC line for electronic devices will be expanded here."We wil

Samsung Electronics is taking the lead in the 5G network equipment market as AT&T and SK Telecom have chosen its equipment. In contrast, a growing number of countries are shunning equipment from Huawei, which accounts for 28% of the global communications equipment market, for security reasons. SK Te

Attempts to take the OLED technology of LG Display and Samsung Display to China are continuing, causing concerns that the South Korean companies may repeat the same mistake as they did earlier with regard to LCD. At present, Chinese OLED manufacturers are about three years behind the South Korean co

A big change is expected to take place in the Korean media industry next year as LG U+ is set to distribute Netflix content through U+ TV, its IPTV service, and plans to acquire cable TV system operators.LG U+ and Netflix are close to completing their deal. They will announce their contract soon aft

The tug of war between Kakao Mobility and Korean taxi drivers entered the second round. According to industry sources, taxi drivers and SK Telecom are planning to develop a taxi allocation app.Currently, 96% of South Korean taxi drivers use the Kakao Taxi service of Kakao Mobility. The new app is li

Apple took the wraps off three new iPhone models, confirming that its high-price policy would remain unchanged. Apple unveiled a new model loaded with a 6.5-inch large screen that had never been adopted before. At the same time, many people were surprised to see a price tag of US$1,099 on one of the

Samsung Electronics, LG Electronics, Google and the three major Korean mobile telecom companies are all seeking to develop new messengers to compete with existing message apps such as WhatsApp, Facebook Messenger and Kakao Talk.According to the electronics and telecommunication industry on September

SK Telecom announced on September 12 that its “T Guam-Saipan Pass” debuts on September 19 to apply the same mobile data rates as in South Korea to its users in Guam and Saipan.With the T Guam-Saipan Pass, users can continue using mobile data at a speed of 400 kbps after using up their data. When it

KT announced on September 12 that the company succeeded in a technological demonstration where a large number of people enjoyed group telecommunication via base stations from different makers. The demonstration took place between base station equipment made by Samsung Electronics and Nokia. This bec

On September 11, KT signed a business agreement with Ascend Care for digital healthcare business in Russia. Ascend Care is a digital healthcare company covering Russia and European countries.According to the agreement, the two companies are going to start joint business in the Russian digital health