LG Electronics said Tuesday it has signed a memorandum of understanding with Mystic Story, a local music label led by singer-song writer Yoon Jong-shin, to debut its virtual human ambassador, Reah Keem, as a singer. Yoon, Mystic’s chief producer, will oversee the overall project from writing songs to vocal training for Keem. Her imminent debut was teased last week when LG unveiled a music video clip at the Consumer Electronics Show. “I want to be an artist who not just makes musi

Apple will allow alternative payment systems in South Korea in compliance with a new local law that bans app store operators from forcing their own in-app payment systems, the country's telecommunications regulator said Tuesday. The move came as a new law went into effect in the country in September last year, restricting app store operators, such as Google and Apple, from forcing their in-app payment systems on developers. In November, Google pledged to provide an alternative payment system o

A former Samsung Electronics executive, who led patent prosecutions and litigations representing South Korea-based technology giant, was found to have turned against his previous employer with a patent suit. Synergy IP, founded by Samsung’s former vice president Ahn Seung-ho in 2020, was one of the plaintiffs that filed patent suits with the United States District Court for the Eastern District of Texas since November last year, according to a report by local media outlet Electronic Times

LG Electronics said Monday it has joined the IBM Quantum Network as a member to further explore its applications for quantum computing required in the field of artificial intelligence, connected cars, internet of things and robotics. LG Electronics, an electronics arm of South Korea‘s fourth-largest conglomerate, was the latest to take part in the alliance of over 170 entities. Those taking part in the community as a member, partner or quantum hub are given access to IBM‘s quantum c

Samsung Display, the display panel maker arm of Samsung Electronics, said Monday its latest quantum-dot organic light emitting diode display technology was certified by evaluation services provider SGS. The QD-OLED, touted as the technology to support next-generation TV picture quality, had received three certifications for True Color Tones, Pure RGB Luminance and Ultrawide Viewing Angle upon performance testing by the Switzerland-based SGS. Samsung Display said in a statement the certificati

LAS VEGAS – SK Group’s three tech units, SK hynix, SK Telecom and SK Square, have teamed up to launch a new ICT technology development and investment body, called SK ICT Alliance. Their first project will be Sapeon Inc. where the three firms will make co-investments in the US to target the burgeoning AI chip market, the group said. During a press conference held on the sidelines of the Consumer Electronics Show 2022 at the Waldorf Astoria Hotel on Thursday, top executives, inclu

LG Electronics has topped 70 trillion won ($58.2 billion) in full-year sales for the first time in its history in an earnings surprise, in the same year that the company took down its mobile phone business, a preliminary filing showed Friday. The revenue of LG Electronics came to 74.72 trillion won through 2021, up 28.7 percent from the previous year, according to its preliminary consolidated financial report. This beat the earnings consensus estimate by South Korean analysts. According to mark

SK Innovation, a chemical arm of South Korea‘s third-largest conglomerate SK Group, said Friday its high-ranking officials including Vice Chairman and Chief Executive Officer Kim Jun agreed on a course of actions to achieve its net-zero goal before 2050, while at CES 2022 on Thursday morning local time. Under its Carbon to Green initiative, SK Innovation executives approved plans to tackle indirect emissions that occur in the company’s value chain, often described as Scope 3 emissi

South Korea-based SK Group is in talks with US chip maker Qualcomm to develop a new hyper speed memory chip tailored to data centers, its communication technology arm SK Square said Friday. The new chips would run applications or computers for data center operation in order to meet soaring corporate demand amid the global chip shortages that could cause server delays, according to SK Square, the parent of memory chip maker SK hynix. The world‘s data center chip market could potentially gr

South Korean cryptocurrency exchange Upbit said Friday that nonfungible tokens featuring images of main lead characters from TV drama series “Jirisan” had sold at record-low prices. NFTs are digital tokens of physical or digital assets, mostly of music or art, that guarantee ownership through blockchain technology. According to the digital asset trading platform, the pixel art NFTs of the characters played by top Korean actors Gianna Jun and Ju Ji-hoon sold for 18,653 won ($15.50)

LAS VEGAS -- Hyundai Motor has partnered up with Unity, the world’s leading platform for real-time 3D content, to connect an actual factory with its digital twin operating on metaverse space, the companies said Thursday. The Meta-Factory project will enhance plant management and innovate manufacturing, Hyundai Motor said, adding that it plans to first apply the concept to the Hyundai Motor Global Innovation Center in Singapore. The facility is due to be completed this year. ”Hyunda

Samsung Electronics logged an operating income of 51.57 trillion won ($42.89 billion) for 2021, up 43.3 percent from a year prior, as its businesses ranging from semiconductor chips to smartphones and home appliances have seen a surge in global demand, its preliminary filing showed Friday. It was the company‘s largest annual profit since it posted 58.89 trillion won in 2018. It is also the third-largest annual profit it recorded in history. During the fourth quarter alone, the South Kor

SK Telecom CEO Ryu Young-sang and Samsung Electronics’ mobile business chief Roh Tae-moon discussed their potential partnership on a slew of tech areas, including 5G network, artificial intelligence and the metaverse, the company said Thursday. “Samsung has been creating comprehensive services by converging different areas of business into one,” Ryu said at CES 2022 held in Las Vegas. “SK Telecom will continue to push forward to fine-tune its convergence of telecommunic

A South Korean research lab said Thursday that it has successfully developed the world's first intercontinental 5G-satellite network system to help communicate in case of a disaster. The 5G-satellite multiple network system -- co-developed with the European Union -- connects 5G networks to satellite networks to allow communication services in remote areas or in disasters, the state-funded Electronics and Telecommunications Research Institute (ETRI) said. The new system provides communication t

LAS VEGAS -- LG Electronics Inc. on Wednesday welcomed visitors to its massive booth, physically and virtually, at the Consumer Electronics Show (CES) in Las Vegas, offering an alternative approach to exhibiting its latest technology innovations amid the raging pandemic. LG Electronics virtually presented its new consumer electronics products, ranging from an indoor gardening gadget to a duel filter air purifier, in the 2,000-square-foot eco-friendly booth constructed of materials that are upcy