LG Energy Solution, South Korea’s leading battery maker, has marked the industry’s first case of joining both RE100 and EV100, the two global campaigns addressing climate change and clean energy, officials said Friday. Abbreviated for Renewable Electricity 100%, RE100 is an international campaign launched by nonprofit organization the Climate Group in partnership with Carbon Disclosure Project in 2014. The campaign aims to have businesses that consume more than 100GWh a year switch

Electronic component maker Samsung Electro-Mechanics has developed an ultrasmall, high-capacity multilayer ceramic capacitor, the company said Thursday. A multilayer ceramic capacitor regulates a current’s flow in a circuit, making it a core component within electric devices, such as smartphones, home appliances, and electronic vehicles.　 Samsung Electro-Mechanics’ new capacitor is 0.4 millimeter long and 0.2 mm wide. The capacitor also has a 1.0 microfarad capacity and 6.3 volta

Cisco exec explains what digitalization really means, how technologies have helped cities recover from COVID-19

South Korea's three major mobile carriers will share their 5G networks in remote coastal and farm towns in a move to accelerate the rollout of the latest generation networks, the ICT ministry said Thursday. The carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- signed an agreement so that 5G users can have access to the high-speed network regardless of the carrier they are subscribed to in 131 remote locations across the country, according to the Ministry of Science and ICT. Under the

SK Telecom, South Korea‘s largest mobile carrier, said Wednesday it will set up a new holding company for its non-mobile subsidiaries to boost shareholder value and accelerate growth in its businesses. The telecom operator said in a regulatory filing that it will conduct a spinoff to form the holding company, which will oversee operations of its tech affiliates and subsidiaries, such as memory chip giant SK hynix, e-commerce firm 11Street and ride-hailing company T Map Mobility, among o

After witnessing US President Joe Biden hold up a silicon wafer in front of the world’s chip industry leaders, including Samsung Electronics, calls are growing in South Korea that its leader, too, should act to help safeguard Korean chipmakers from an unfolding global war for chips. Despite Korea’s unchallenged position in the global memory chip market, industry officials and pundits worry the country could fall victim to the global power struggle between the US and China, and co

South Korean surveillance technology provider Hanwha Techwin on Wednesday introduced artificial intelligence-based security cameras that can detect social-distancing violations automatically. According to the security camera subsidiary under Hanwha Aerospace, the AI solution monitors whether social-distancing measures are being followed on a real time basis and send written alarms on monitors or audio alarms through speakers if it detects violations. “When users set social-distancing

SK Holdings’ equity investment in Grab, the Southeast Asian equivalent to Uber, is receiving attention as the ride-hailing app prepares for an initial public offering on the tech-heavy US bourse Nasdaq. According to the investment-focused holdings firm of SK Group, the Singapore-based startup behind the ride-hailing and food delivery app is planning a floatation via a special-purpose acquisition company, or SPAC. Grab’s market value is estimated at around $39.6 billion after it

Google Korea saw its revenue reach more than 200 billion won ($178.65 million) last year in the first disclosure of its financial statement in the country, a regulatory filing showed Wednesday. Google Korea, which operates under Google International LLC, said in the filing that its sales stood at 220.14 billion won last year, up 3.66 percent from the previous year, while operating profit reached 15.59 billion won, up 52.95 percent over the same period. The company said most of its sales came f

Chubb has released Chubb LifeBalance in Korea, a 360-degree personalized and well-being application that encourages people to incorporate healthy routines into their lifestyle. Chubb LifeBalance comprehensively assesses the lifestyle of users and provides a holistic view of health to help them to objectively measure and manage their own health condition. It tracks and records over 115 different activities, including yoga, swimming, boxing and meditation, and lets users invite their friends an

Samsung Electronics Co. is expected to introduce new Galaxy laptops later this month as the South Korean tech giant eyes to expand sales of notebooks amid the pandemic-induced stay-at-home trend. Samsung on Wednesday sent media invitations to its Galaxy Unpacked online event scheduled to take place on April 28, saying "Discover the most powerful Galaxy yet." Samsung, the world's largest smartphone producer, did not reveal which products will be unveiled at the event, but industry obs

Samsung joins White House meeting, gauging timing of $17b investment in US

SK Bioscience on standby to begin production of 40 million Novavax doses for local consumption

Samsung Electronics Co. expanded its dominance in the global smartphone memory market in 2020, a report showed Tuesday, as it represented nearly half of the industry. Samsung, the world's largest supplier of DRAM and NAND chips, accounted for 49 percent of the global smartphone memory market last year, up 2 percentage points from a year earlier, according to a report from industry tracker Strategy Analytics. Samsung was followed by its smaller South Korean rival SK hynix Inc. with a 21 perce

South Korea's two major electronics firms -- Samsung Electronics Co. and LG Electronics Inc. -- were among the top five players in the European smart home market in the fourth quarter of last year, a report showed Tuesday, as they push to increase connected devices amid the pandemic-induced stay-at-home trend. Samsung was the third-largest vendor of smart home devices, including smart TVs, smart speakers, thermostats and home security products, in Europe after shipping 4.91 million units in th