Samsung Electronics Co. said Sunday it will showcase a new lineup of goods from flagship smartphones to laptops during the upcoming global technology trade fair in Spain. The Mobile World Congress (MWC) 2022 is set to take place from Monday to Thursday in Barcelona. It is one of the top three annual tech events in the world, along with the Consumer Electronics Show in the United States and the IFA in Germany. First, Samsung will hold the virtual "Samsung Galaxy MWC Event 2022," which w

SKT's low-power AI chips, metaverse platform and KT's virus-killing robots to debut in Europe

As the US Biden administration imposes economic sanctions against Russia for invading Ukraine, South Korean firms including Samsung Electronics and SK hynix are expected to take collateral damage. On Friday, President Joe Biden unveiled comprehensive economic sanctions to cripple the Russian economy. The sanctions would limit the export of products that can potentially increase Russia’s ability to advance its military and aerospace sector. The sanctions would prohibit companies from s

Hyundai Motor said Friday that it has signed a memorandum of understanding with US energy giant Shell to speed up the popularization of electric vehicles and achieve carbon neutrality. Through this MOU, the South Korean auto giant hopes to actively promote its carbon-neutral goals and Shell hopes this serves as momentum for it to expand its green energy business. The two companies agreed to cooperate in establishing infrastructures for EV charging, coming up with low carbon-emitting solutions,

Samsung Electronics on Friday launched its latest flagship smartphone Galaxy S22 as well as its tablet Galaxy Tab S8 in some 40 countries. According to the South Korean tech giant, the new devices will be available in major markets including Korea, the US, Canada, the UK and France. In March, the high-tech gadgets will be available in more than 130 countries. The Galaxy S22 and the Galaxy Tab S8 series enjoyed greater preorders than previous models. Preorders for both the Galaxy S22 and Galax

Anheuser-Busch InBev, the Belgian brewing giant and the parent company of South Korea’s largest beer manufacturer Oriental Brewery, said Wednesday that it has won the creative marketer of the year award at the Cannes Lions 2022. Cannes Lions is the world’s largest advertising awards festival. Since 1992, the top honor has been awarded to companies as prominent as Apple, Coca Cola, Google, Samsung Electronics and Microsoft, for demonstrating creative excellence. This year, the honor

Kakao’s new CEO nominee Namkoong Whon said Thursday that he wishes to restore the company‘s stock price at over 150,000 won ($124.60) per share during his two-year term amid investors’ growing concerns over its underperforming stocks. 　 “We will be able to see (Kakao‘s stock price) to reach 150,000 won (per share) again if (we can) restore the market trust,“ Namkoong said during an online press conference. “I hope to see a boost in stock price within m

Philips Korea has received the Health and Welfare Minister’s Award at the 2022 Happiness Together Social Contribution Campaign for helping improve people’s lives through health care technology, the company said Thursday. Marking its 12th edition, the annual awards recognizes exemplary companies that practice social responsibilities. Co-hosted by the Korea Enterprises Federation and the Association of Korean Journalists, the campaign is sponsored by several ministries including the

Posco Group has been left baffled over calls from political circles and local communities not to establish a new holding company in Seoul, and to stay in Pohang, North Gyeongsang Province, where the firm was initially founded as a state-run enterprise in 1968.  All four leading presidential candidates have publicly urged Posco -- which will officially launch a new holding firm on March 2 -- to remain in its birthplace of Pohang for the sake of balanced regional development. Posco has den

Korea Electric Power Corp. hemorrhaged a record operating loss of 5.8 trillion won ($4.8 billion) last year, going back into the red after an operating profit of 4 trillion won the year before. Kepco suffered an unprecedented deficit as the public company couldn’t raise electricity prices in line with rising global fuel prices, due to the government’s inflation concerns. The figure is almost double from when Kepco witnessed an operating loss of 2.7 trillion won in 2008 when oil

South Korea’s telecommunication carrier SK Telecom and wireless network equipment maker Samsung Electronics will unveil the test results of their 5G network architecture “Option 4” for enhanced connectivity at the upcoming Mobile World Congress in Barcelona. The two firms recently tested the advanced 5G connectivity on a commercial network infrastructure for the first time within the industry. SK Telecom plans to commercialize the technology by 2023 in order to support urban

Hyundai Motor’s standalone luxury brand Genesis said Thursday it has started getting preorders for the Electrified GV70, a full-electric version of its mid-sized SUV GV70. The new car is priced at 73.32 million won ($61,232). With the government’s EV subsidies, local drivers can purchase the car for under 66 million won. Equipped with a 77.4 killowatt hour battery pack, the Electrified GV70 offers a range of up to 400 kilometers on a single charge. It can be charged up to 80 per

Drone Show Korea 2022 kicked off Thursday to showcase the latest innovations of major South Korean aviation and defense firms, offering a glimpse into future drones that will become available in daily lives in a few years ahead. During the three-day event held at Bexco in Busan, LIG Nex1, a local defense firm that specializes in missiles, unveiled KCD-200, a drone that can transport payloads heavier than 200 kilograms. KCD-200, which looks like a small airplane, is supported by seven propelle

Samsung Electronics mobile head Roh Tae-moon said Thursday its use of recycled and eco-conscious materials will play a critical part in its mobile device innovations, a week ahead of the Mobile World Congress 2022 in Barcelona, Spain. Samsung’s Mobile Experience business, led by Roh, oversees operations related to smartphones, tablets, personal computers and wearable devices -- which Samsung seeks to connect under the Galaxy ecosystem that is turning greener and more inclusive. The Sou

South Korea’s Hana Financial Group has partnered up with the nation’s top university in science and technology to bolster the scientific approach toward achieving carbon neutrality by 2050. On Thursday, Hana said it signed a deal with the Korea Advanced Institute of Science and Technology with the goal of developing new technology based on environmental, social and governance values. The goal would be based on the institutions’ joint efforts to resolve climate change issues,