Samsung Next has invested in a quantum computing startup spun off from a Harvard institution, in a move seen as the conglomerate’s preparations for next-generation computing, according to the industry on Wednesday. The startup investment arm of Samsung Electronics said on its blog that it has invested $2.7 million in Aliro Technologies with a group of investors including Flybridge Capital Partners. The latest investment was financed by its Q Fund, created last year to invest in innova

　　South Korea’s blockchain fund Hashed said Wednesday it has invested in a project to boost the Ethereum blockchain system’s scalability to accelerate the development of decentralized applications across industries. 　Called Skale Network, the project has raised $17.1 million so far to launch its mainnet by the fourth quarter of this year. Various accelerators worldwide have participated in the project, including ConsenSys Labs, Multicoin Capital, Recruit Holdings and Winklevoss Capit

　The Democratic Party said Tuesday it is moving to curb “misinformation” on online streaming websites, including YouTube, the most popular content-sharing platform here.　The ruling party’s special committee announced its plans to stem the spread of fake news and other misinformation on online platforms during a press conference at the National Assembly. 　According to its proposal, online platforms can be fined up to 10 percent of their revenue if they fail to remove “fake

LG Electronics said Tuesday that the existing regulations banning tech firms from promoting alcoholic beverages has been lifted and it can now host beer tasting events to promote its products. The company had requested the Ministry of Trade, Industry and Energy to waive the existing rules in August.It can now hold tasting events at its shops for beer made from its latest HomeBrew machine launched in July and plans to host events across the country, starting November. The HomeBrew machine ca

Samsung Electronics on Monday opened a shop for its highest-end display lineup The Wall in the southern part of Seoul, rolling out the first modular displays. The world’s top TV manufacturer is showcasing the 146-inch The Wall Luxury packaged with Danish audio brand ODEPort’s Steinway Lyngdorf audio system Model O at the ODE shop in the Gangnam district.  It is the third showcase venue for the latest display technology by Samsung, following the first located in the Harrods depar

The International Committee of Display Metrology has refused to intervene in the ongoing spat between Samsung and LG Electronics over the technical superiority of their respective 8K TV technologies, according to industry sources Monday. US-based ICDM is an organization of top display metrologists and specialists of related sciences whose goal is to produce standards for measurement and evaluation of displays in a uniform and consistent manner. Regarding the use of contrast modulation -- the lev

　DAESEONG-DONG, Demilitarized Zone -- Tucked in the middle of the heavily fortified Demilitarized Zone dividing the two Koreas, Daeseong-dong is perhaps the most isolated town in South Korea since the end of the Korean War. 　There are no supermarkets, shops or hospitals for medical treatment. There are also no restaurants or hair salons. The village does not even show up on navigation systems. 　While Daeseong-dong residents are far removed from the rest of South Korea, 197 people living there ha

LS Cable & System has developed an advanced power supply system for high-speed railways with aluminum rigid bars. The South Korean cable and wire company said Sunday the new system could reduce the cost and size of train tunnel construction due to its simple structure.Compared to copper trolley wires, its newly developed aluminum rigid bar will help construction workers build narrower tunnels at a lower cost, the company said. “Since there is no need for facilities to support the

　Despite South Korean mobile carriers’ efforts to rekindle the use of text messages, the prospects of the once-lucrative business continue to look grim.　The country’s three biggest telecom firms -- SK Telecom, KT and LG Uplus -- have upgraded their text message services with advanced features like group chatting and video sharing in recent years. 　But the moves have so far failed to draw users away from the popular messenger service KakaoTalk. While the chatting app has seen a dramat

　South Korea’s telecom giant SK Telecom said Wednesday that it is inviting online applications for free trials of Microsoft’s upcoming cloud-based game-streaming service Project xCloud.　According to SKT, Android-based smartphone users who subscribe to its 5G wireless service can sign up until Oct. 8.　Those selected to take part will get a glimpse of Microsoft’s game-streaming service next month, SKT said. Trials in the United States and the United Kingdom are scheduled to run s

LG Electronics said Wednesday it has filed lawsuits against three European home appliance manufacturers with a court in Munich over allegations that they infringed LG’s ice-making patents for side-by-side refrigerators. The accused companies are Arcelik, Beko and Grundig, affiliates of Turkey-based Koc Group, which sell home electronics in European markets.LG claimed that the three firms have violated its patents related to an ice-making system built into the door of a freezer. The Korean

Global electric scooter operators are entering South Korea’s micro-mobility market, intensifying competition in the bike-sharing market. According to industry sources, US-based e-scooter and bike company Lime is gearing up for its debut in Korea. The company is expected to announce the launch on Oct. 1 in Seoul. Lime has been preparing to enter the Korean market and has been recruiting local employees since earlier this year. Currently, the company is operating in more than 120 cities in o

Korea’s leading battery maker LG Chem said Tuesday the company has secured cathode materials for electric vehicles from Europe’s top supplier Umicore with a plan to ramp up its battery production in the region next year. The company signed a contract with the Belgium-based material supplier to procure 125,000 tons of cathode materials -- one of the four key materials for lithium-ion batteries -- starting next year.  The amount of purchased materials is equivalent to manufacturin

LG Group Chairman and CEO Koo Kwang-mo on Tuesday presided over a meeting of executives of group affiliates for the first time, during which he ordered the top brass to be swifter in preparing for the future. At the annual workshop held for the CEOs of LG affiliates, Koo emphasized that the current crisis facing businesses is different from previous crises, so it is imperative that the group move faster in seeking changes.  “The current L-shape economic downturn is new to us, and we h

Samsung SDI said Tuesday it has been picked by German firm Akasol to supply battery cells and modules for commercial vehicles’ power systems. The South Korean battery maker signed an agreement with Akasol, the leading manufacturer of high-performance lithium-ion battery systems in Germany at the International Motor Show in Frankfurt for two large orders for global commercial vehicle makers. Under the agreement, Samsung SDI will supply its battery cells and modules with a total volume of 13