Elon Musk’s direction to use Signal misguides followers to unrelated stock

South Korea would be the biggest participating country after the United States at this year’s CES, with more than 300 tech companies set to exhibit their latest products and technologies. The event’s organizer, Consumer Technology Association, said Sunday that as many as 340 firms from South Korea would be taking part in 2021 CES, which kicks off Monday, making Korea the second-biggest participating country after the host nation which will have 567 companies taking part. A total

LG Electronics on Sunday unveiled its full lineup of TVs for 2021, including the first 83-inch organic light-emitting diode TV model with advanced self-emissive lights, to cement its leadership in the growing OLED TV market. Dubbed “OLED evo,” the new model features an upgraded OLED panel that boasts better contrast ratios and picture quality due to improved lights. It marks the third advancement in LG’s OLED TV technology since its launch in 2013. LG announced 4K High Dyn

LG Electronics logged a record-high operating profit in 2020, surpassing 3 trillion won ($2.75 billion) for the first time in its history, the company said in its regulatory filing Friday. Its operating profit for the whole of last year has been estimated at 3.19 trillion won, breaking the previous record of 2.7 trillion won in 2018. Compared with a year earlier, the 2020 figure was an increase of 31 percent, the regulatory filing showed. The South Korean electronics maker’s gross an

Samsung Electronics continued its strong performance in the fourth quarter last year, the company said in its regulatory filing Friday. Samsung Electronics estimated its Q4 operating profit at 9 trillion won ($8.2 billion), up 26.7 percent on-year. The company’s operating profit for the whole of last year is estimated at 35.9 trillion won accordingly, an increase of 29.4 percent from 27.7 trillion won in 2019. Compared with a quarter earlier, when the firm delivered an earnings surpris

Video streaming services in South Korea are headed for heated competition this year as local media companies and global giants alike splurge on original content to take a solid position in the booming local market. Earlier this week, local media giant CJ ENM Co. said it is partnering with production company JTBC Studios to operate its over-the-top (OTT) service Tving. CJ ENM said the new joint venture will invest 400 billion won ($365.3 million) in production costs over the next three years in

SK Telecom has relocated its artificial intelligence service division under the company’s main business that operates mobile networks and information technology solutions, in a gesture to add full momentum to digital innovation, the company said Thursday. “The latest corporate reshuffle has reflected SKT CEO Park Jung-ho’s will to marry AI technology with the company‘s all mobile network services and solutions,” SKT explained. The AI service division -- AI&CO

LG Electronics announced Thursday the South Korean tech giant has acquired a controlling stake of more than 50 percent in US data analytics firm Alphonso, in an $80 million deal for its TV business. Based in Silicon Valley, Alphonso is a data analytics startup that specializes in TV commercials and various media content. With the latest investment, LG plans to accelerate its digital transformation strategy that aims to deliver better customized services for LG TV users. The company plans

Samsung Electronics on Thursday unveiled its 2021 TV lineup, including the Neo QLED featuring its Quantum Mini LED technology during a virtual presentation ahead of the Consumer Electronics Show next week. The Neo QLED, a step up from the current QLED models, uses a new light source called Quantum Mini LED that is much tinier than current LED. The Quantum Mini LED is designed to be one-fortieth the height of a conventional LED. The number of LEDs used in a liquid crystal display TV is a lot

Samsung, LG set to debut their products at CES next week to boost sales globally

The Korea Astronomy and Space Science Institute will begin a space project to develop a space telescope with the US space agency NASA and the California Institute of Technology, the ICT Ministry here announced Wednesday. The space project, titled the Spectro-Photometer for the History of the Universe, Epoch of Reionization and Ices Explore, or SPHEREx, is a two-year mission designed to launch a space telescope that would collect data that could help understand the history of the universe, the

Artificial intelligence technology restores the voices of deceased musicians to sing contemporary songs. A game company airs a song competition show for the soundtrack of its title game. The local music scene continues to evolve, with the convergence of media, technology and industries. South Korean game company Nexon adopted a TV competition show format to best fit Dungeon and Fighter, an arcade-style action game. The five-episode series, available on YouTube channel Dingo Music, has garn

South Korean mobile carriers are launching cheap payment plans to woo more 5G subscribers amid accelerating user migration to their high-speed 5G networks. LG Uplus Corp. said Tuesday it will release a new monthly data plan, offering 6 gigabytes of data at 5G speeds for 47,000 won ($43), following rival carrier KT Corp., which also launched late last year a monthly 5G plan at 45,000 won for 5 gigabytes of data. The new data plans are relatively more affordable than most existing 5G data plans

Blending of AI, autonomous driving, 5G to produce contactless technologies

For business, Lee makes SoC chips top priority, raising expectations for more investments ahead