Samsung TVs more advanced, LG seems to hold innovative edge in customer experience

The number of smartphone users on 5G mobile networks had topped 20 million as of November for the first time since the service was commercialized in 2019, data showed Monday. The total number of 5G users reached 20.19 million in November last year, accounting for around 28 percent of the total 72.57 million mobile subscriptions in the country, according to the data from the Ministry of Science and ICT. South Korea, which has a population of 52 million, first commercialized 5G networks in April

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it is targeting $17.4 billion in orders this year on improving demand for ships amid the prolonged pandemic. KSOE is the world's biggest shipbuilder by order backlog and has three affiliates -- Hyundai Heavy Industries Co., Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries Co. -- under its wing. The order target is up 19 percent from the KSOE's target of $14.9 billion last year, the company said in a regulatory fil

NFT market likely to reach new high, driven by clothes and fan merchandise this year, experts say

South Korea-based exhibitors are headed for CES 2022 in Las Vegas to showcase new technology in line with the global drive to cut carbon emissions and the urge to adapt to the new normal. Artificial intelligence-based solutions for chips and batteries, and nickel-rich batteries will show paths to reducing carbon footprints, while virtual reality-inspired mobility solutions are also expected to take center stage at what is considered the world’s largest electronics show. On Sunday, SK T

From ground to sky, and at home, robots have permeated into daily lives; Korean tech firms -- both small and big -- are betting on this fast-emerging market this year

South Korean tech giant Samsung Electronics said Sunday it plans to unveil the world’s first gaming monitor with both a 4K resolution and a 240 Hz refresh rate display at the upcoming CES 2022. Thus far, gaming monitors with ultrahigh definition -- having the resolution of 3,840 pixels wide and 2,160 pixels high -- have shown a latency of up to 144 Hz display. With the new 32-inch monitor, dubbed Odyssey Neo G8, Samsung Electronics is expected to show off the technology with the unprec

South Korean chipmaker SK hynix Inc. said Sunday it has moved up a notch to receive an A in the MSCI ESG Ratings assessment. MSCI, or Morgan Stanley Capital International, is an American rating agency that measures, among other things, a company's resilience to long-term, financially relevant environmental, social and corporate governance issues (ESG) risks. Since October 2020, SK hynix had been labeled BBB on a scale of AAA-CCC in the MSCI ESG Ratings assessment. The latest upgrade put SK hy

A man standing beside a robot, gazing into what seems to be an otherworldly dimension, or perhaps the metaverse, is how Hyundai Motor Group visually teased their stage at the upcoming Consumer Electronics Show to take place in Las Vegas on Jan. 5-8. The Korean auto giant said it will be presenting the group’s blueprint for future mobility where robotics and metaverse technologies are expected to take center stage. Chairman Chung Euisun is expected to lay out the blueprint at Hyundai Motor

Hyundai Electric & Energy Systems Co., an affiliate of Hyundai Heavy Industries Group, said Friday it has exported ultrahigh-voltage power transformers to Oman's state utility provider in a deal valued at $8.5 million. The supply deal with the Oman Electricity Transmission Co., included the sales of three 400-kilovolt/500-megavolt ampere power transformers, which will be installed in a new substation north of Oman, Hyundai Electric said. With the deal, the company's power transformer sales

Can Samsung Electronics Co. live up to the expectations and hype that the company helped create in the days leading up to the Consumer Electronics Show (CES) in Las Vegas next week? Earlier this week, the South Korean tech giant unveiled a teaser video featuring alien employees working hard behind a frosted window on the next innovations. Aliens have been often used by the company in its marketing strategy to create hype about its tech prowess being unparalleled and on another level. As far b

Imported commercial car sales in South Korea surpassed 200,000 units again this year despite an automotive semiconductor shortage, an industry association said Thursday. According to the Korea Automobile Importers & Distributors Association, imported commercial car sales for the January to November period this year increased 3.6 percent from the same period last year, selling a total of 252,242 units. The top selling brands were Mercedes-Benz, BMW, and Audi being responsible for more than

The Fair Trade Commission Chairperson Joh Sung-wook discussed how to regulate online platform monopolies with Cedric O, French secretary of state for the digital transition and electronic communications, officials said Thursday. The two representatives found the need to revise the law and regulations to establish order in the digital market in response to tech giants abusing their market power and not allowing new players to enter the market. The FTC Chairperson Joh said the FTC is working on

Hyundai Motor Co. said Thursday it will suspend one of its seven domestic plants next month to prepare for the production of electric vehicles. Hyundai Motor will halt the Asan plant from Jan. 3-28 to upgrade the facilities before beginning production of EVs next year, the company said in a regulatory filing. The company plans to resume operations of the 300,000-unit-a-year Asan plant, which produces the Sonata sedan and the Santa Fe SUV, on Feb. 3. Hyundai has seven domestic plants -- five

Automaker struggles with next-generation model due to cost, lack of infrastructure