South Korea’s health care solutions developer MiCo BioMed claimed Wednesday it has developed a rapid molecular diagnostic system to detect the novel coronavirus with high sensitivity within an hour. The Konex-listed company founded in 2009 said the system can immediately confirm the novel coronavirus (2019-nCoV) to be used at airport and port quarantine sites beyond health care centers. The company developed 30 different kinds of high-risk pathogen diagnostic kits with the Korean Cente

Samsung Electronics Co. said Tuesday it has launched a new memory chip suited to high-performance computing (HPC) systems and artificial intelligence-powered data analytics. Samsung said the Flashbolt is the industry‘s first third-generation High Bandwidth Memory (HBM) 2E memory chip and will deliver twice the capacity of its previous-generation Aquabolt. “The new 16-gigabyte HBM2E is uniquely suited to maximize high-performance computing systems and help system manufacturers to

Samsung set to release four new devices at Galaxy Unpacked next week

Google Inc. could greatly improve weather predictions by using machine learning, a type of artificial intelligence technology, a scientist from the company claimed Tuesday. Accurately predicting weather can be particularly challenging for localized events that evolve on hourly timescales, such as thunderstorms. Google, however, said it is currently conducting research into the development of a machine learning model that addresses this challenge by making predictions that are applied to the

Samsung Electronics will temporarily shut down its flagship store in China amid growing fears of the spread of the novel coronavirus, company officials here said Monday. Samsung will close its flagship store in downtown Shanghai until Sunday, they said. The 800-square-meter store, the largest Samsung store in China, opened last October and sells various products, from smartphones to tablets. "We decided to temporarily close the store for safety," a company official said. "

Global memory chip production appears to be unaffected by the outbreak of the novel coronavirus in China, a market researcher said Monday, as no chip manufacturing facilities in the virus-hit country have so far closed or suspended operations.  TrendForce said overall production of memory chips, such as DRAM and NAND flash, is likely to remain unaffected by the deadly virus in the short term as global chipmakers' plants, including those run by South Korea's Samsung Electronics and SK h

KT has recently changed its database management system operator from Oracle to a third-party business, according to industry sources Monday. The mobile carrier has reportedly chosen Rimini Street as its database management system provider. A deal was signed considering costs and more efficient services, the sources explained. The partnership indicates KT’s attempts to opt out of overall reliance on Oracle products for its database system. It has not renewed Oracle’s DB license i

All three South Korean lithium-ion battery makers saw alarming falls in their operating profits in 2019, but showed hopes that they could reap bigger profits from the growing electric vehicle battery market this year, according to the companies on Monday. Joining the announcements by Samsung SDI and SK Innovation last week, LG Chem said Monday its annual operating profit plunged 60.1 percent from 2018 to 895.6 billion won ($749 million) last year. Although the company posted its best sales

South Korea's three major telecommunication companies said Saturday they will participate in the upcoming mobile technologies trade fair as planned despite growing fears over the spread of the new strain of coronavirus. The three -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- said they have no plans to skip the Mobile World Congress 2020 in Spain. The event is scheduled from Feb. 24 to 27 in Barcelona. The MWC is one of the top three tech events in the world, along with the Consumer Electr

Rapid growth of 5G market likely to help improve tech giant’s earnings in 2020, leading to recovery in memory demand

Samsung Electronics’ Galaxy Home Mini will likely be launched soon as the company plans to link the voice-activated AI speaker with most of its upcoming home appliances, according to its head of digital appliances on Wednesday. Lee Jae-seung, executive vice president and head of the digital appliances business at Samsung, highlighted the role of the artificial intelligence speaker that will connect almost all Samsung products this year during a press conference to unveil the company&rsqu

Amid rumors that the next edition of Galaxy Fold will feature a bigger screen and S Pen, speculations that it could replace the 10-year-old Galaxy Note series are gaining ground, according to industry sources Tuesday. Responding to news reports based on a recent tweet that the Galaxy Fold 2 will feature an 8-inch main display, ultrathin glass and S Pen support, parts suppliers here said they are preparing for mass production of the device scheduled for the second half of the year. However, t

Samsung SDS, an information and communication technology service arm of Samsung Electronics, has seen its brand value grow to 4.3 trillion won ($3.7 billion), a 6.5 percent increase compared to that of last year, the company said Monday.    In the latest edition of Brand Finance on IT companies, Samsung SDS was ranked 11th most valuable brand. The Samsung affiliate was the one of only two brands that rose in the IT service ranking, the company added. Samsung SDS recorded year-over-

Samsung Electronics said Monday its Vice Chairman and heir Lee Jae-yong flew to Brazil during the Lunar New Year holidays as part of efforts to check on the Korean tech giant’s major businesses in the Latin American market. Lee visited the production facilities for smartphones, TVs and other home appliances located in the free trade zone of Manaus, Amazonas, in the north of Brazil. The zone is home to around 500 global businesses. Brazil is the biggest economy in Latin America. For Sa

South Korea’s 5G equipment providers could grow in the near future, as the demand for network infrastructure is anticipated to increase worldwide at a steady pace, according to local financial reports. The earnings of 5G equipment companies here could regain momentum down the road as global telecom firms seek to raise their capital expenditure on 5G infrastructure.  The improved prospects of Samsung Electronics, the major provider of telecom equipment here, will also lead to earnin