KT, South Korea‘s leading telecommunications firm, announced its corporate vision Wednesday to strengthen its non-telecommunications businesses. The company also introduced a new corporate brand KT Enterprise as part of its efforts to increase investment in services powered by artificial intelligence, big data and cloud technology. KT CEO Ku Hyeon-mo stressed that the company will increase its investment in up-and-coming platform sectors to secure future growth during a press conference

Korea Post said Wednesday it has tested a self-driving mail delivery vehicle, joining the country's race to introduce unmanned delivery services. The agency said it tested the vehicle, developed by PostCube Co., a local automatic postal service developer, at the Korea University Sejong Campus in the central city of Sejong, 120 kilometers south of Seoul, delivering a package to a student on campus. The unmanned vehicle, which serves as a standalone post office, has a digital kiosk inside that a

Samsung SDS, Samsung Group‘s IT service unit, announced the Tuesday that company’s sales marked an all-time high in the third quarter this year. The sales of Samsung SDS during the July-September period reached 2.96 trillion won ($2.6 billion), up by 11.7 percent on-year, according to a regulatory filing posted Tuesday. Compared to the second quarter this year, the sales went up by 15.6 percent, the company added.  The firm‘s operating profit during the three-month pe

Samsung Electronics Vice President Jamie Choi captures behavior of future consumers

SK Telecom Co., South Korea's largest wireless provider, said Tuesday it will open a new flagship store by working with Apple Inc. and Microsoft Corp. The new store, named T Factory, in the trendy neighborhood of Hongik University in western Seoul, will open on Oct. 31, according to the carrier. SK Telecom said it is collaborating with the US tech giants and Samsung Electronics Co. to showcase their latest products and services, including the carrier's cloud gaming service, launched in Septemb

Samsung SDS Co., an IT service unit of Samsung Group, on Tuesday reported strong third-quarter earnings as its quarterly sales reached a record high amid the pandemic. The company logged a third-quarter net profit of 161 billion won ($142.7 million), up 2.6 percent from a year earlier. Samsung SDS said its revenue jumped 11.7 percent on-year to 2.96 trillion won in the July-September period, its largest-ever quarterly sales. The company's operating income advanced 6.4 percent on-year to 219.8

South Korea's top online portal operator Naver and entertainment and logistics giant CJ Group signed a share-swap deal Monday in a strategic tie-up to boost their competitive edge in the e-commerce and entertainment industries, officials said. Under the deal worth 600 billion won ($531 million), Naver will acquire a 7.85 percent stake in CJ Logistics Corp., a parcel delivery company, a 5 percent stake in entertainment giant CJ ENM Corp. and a 6.26 percent stake in Studio Dragon, a drama produc

  YouTube ranked as the fifth most trustworthy media in South Korea in the third quarter, beating other traditional local outlets, a survey showed Monday. The state-run broadcaster KBS topped the list with 17.7 percent trust level in the survey conducted by Kantar Korea, a research firm, and commissioned by KBS, from Sept. 24-26 on 1,009 adults across the country. Public broadcaster MBC came in second with 10.6 percent, followed by two cable channels, JTBC with 7.9 percent and TV Chosun w

New technique to help clinical tests regarding various respiratory infections, including COVID-19: KAIST

LG Electronics Inc. on Monday released premium wireless earbuds with an active noise cancellation (ANC) system in South Korea as the company seeks to expand its presence in the wearables market. The high-end model of the LG TONE Free wireless earbuds, the HBS-TFN7, was launched here for 219,000 won ($190). LG said the earwear device is equipped with ANC technology that tunes out ambient noise, allowing users to better concentrate on the sound coming through the earbuds. It also used technolo

Atlas Labs vows to challenge tech giants with AI-powered voice call application

Samsung Electronics Vice Chairman Lee Jae-yong will likely soon visit Japan to meet with major business partners, according to the conglomerate heir on Friday. Lee had just returned to Seoul after meeting with Vietnamese Prime Minister Nguyen Xuan Phuc in Hanoi on Tuesday and visiting Samsung’s manufacturing facilities in Ho Chi Minh City on Thursday. He didn’t comment on reporters’ questions at Gimpo Airport upon arrival on his response to the Vietnamese prime minister&rsq

Samsung Electronics has collaborated with K-pop stars BTS on the opening of a pop-up store for fans at Garosugil in southern Seoul, the company said Friday. The Serif, Samsung’s flagship lifestyle TV model, is installed at the three-floor store, “BTS Pop-Up: Map of Soul,” to display music videos of the idol group. Four Serif TVs could be spotted on each floor. On the second floor of the store, Samsung has installed a 1,200-nit HDR LED display to better support the offl

Samsung SDS announced Thursday that the company had won both foreign and local competitions designed to test natural language processing capabilities. Samsung SDS’ artificial intelligence model won a competition associated with HotpotQA -- a dataset developed by researchers from Carnegie Mellon University, Stanford University, the Montreal Institute for Learning Algorithms, and Google AI. In Korea, the company has won competitions related to the Korean Question Answering Dataset, in whi

LG Electronics on Thursday announced a new lineup of tailorable home appliances under the brand Objet, joining the growing market for customizable consumer electronics. The company unveiled 11 new products, including a convertible refrigerator, dishwasher, lightwave oven, water purifier, washing machine and clothes care machine. Those products under LG Objet Collection offer a number of customizable options, letting consumers choose colors, materials and arrangements of functions to make