The government and companies are seeking to help senior citizens benefit from technological innovations, in light of concerns they might be left behind amid fast-changing digital trends. 　The Seoul Metropolitan Government said earlier this month it would make its high-tech welfare program available to more senior citizens. Using internet of things technology, the program helps deal with emergencies by monitoring the temperature of houses and physical movements. 　Meanwhile, mobile carrier SK Tel

South Korea’s internet giant Naver on Tuesday announced its plan to boost online cartoon business’ global market presence by establishing a massive ecosystem for diverse contents and talented artists. Speaking at a press conference in Seoul, Naver Webtoon’s chief Kim Jun-koo unveiled the company’s global market strategy and content creation plans. After its launch in 2004, global services began in 2014.To attract more users to its online cartoon platform, the company

The war of words between Samsung and LG Electronics has expanded from 8K TVs to home appliances, with the former taunting its crosstown rival in online videos.Two updated video clips on Samsung’s YouTube channel feature its lineup of home appliances enabling clothing care, such as the air dresser and laundry dryer. Regarding the steam closet system, the company made an indirect comparison of its Air Dresser and LG Styler, presumably criticizing the technique used to remove dust from clothe

　South Korea’s biggest internet search company Naver has finalized its plan to launch a financial subsidiary by November, presenting a challenge to the country’s leading messenger app operator Kakao in the mobile payment market. 　During a meeting with stockholders on Friday, Naver decided to change the status of its in-house venture company Naver Pay to a separate entity. Named “Naver Financial,” the new subsidiary is to be officially launched Nov. 1.　To expand its platfo

Memory chip prices steady now signaling demand recovery, but Japan export curbs remain a risk factor

Amid ongoing trade disputes between South Korea and Japan, Samsung Electronics’ de facto leader, Lee Jae-yong, visited Tokyo again at the invitation of the neighboring country’s business community, officials said Friday.The vice chairman of the Korean tech giant visited Tokyo to take part in the opening ceremony of the Rugby World Cup, one of the world’s three largest sports events along with the Summer Olympics and the FIFA World Cup. This is the first Rugby World Cup to be he

Samsung Electronics will hold its annual gathering of tech leaders around the world, known as Samsung Developer Conference, in San Jose next month, where it is expected to outline its next move in the tech world. Samsung on Friday announced its lineup of keynote speakers for the SDC 2019 event, slated for Oct. 29, which included the tech giant’s executives to take the center stage. The company’s smartphone business chief Koh Dong-jin, the CEO of IT& Mobile Communications Division

The war of words between Samsung and LG Electronics over the picture quality of their 8K TVs, undermining each other’s technological prowess, has baffled South Korean consumers.In their latest spat, the most often used term is CM, or contrast modulation, the level of distinction between the luminance of white and black colors on a screen. A higher CM leads to a clearer distinction between the colors, producing sharper images.LG first raised the issue at IFA -- the world‘s leading tra

SINGAPORE -- Traditional methods for cost efficiency in the labor-intensive field of shipbuilding and marine engineering will give way to digital solutions that are already quietly permeating the industry, Craig Hayman, CEO of UK industrial software developer Aveva, said in a recent interview with The Investor.“Shipbuilding firms are now focused on reducing labor (costs) associated with the construction and the number of hours put into designing them,” Hayman said, adding that South

Lee Jae-yong, vice chairman and heir apparent of Samsung Electronics, met with Mohammad bin Salman bin Abdulaziz, the crown price of Saudi Arabia, to discuss investment opportunities, according to the company on Wednesday. During the meeting in Jeddah on Tuesday, Lee and the Saudi prince touched on various topics including technology, industry, construction, energy and smart cities, reported the Saudi Press Agency. “They discussed investment opportunities in the Kingdom and cooperation bet

Samsung Electronics is aiming to recover its declining market share in China with a diverse lineup of 5G-enbaled localized devices, including the latest hit Galaxy Fold, according to industry sources Wednesday. Starting with the Galaxy Note 10 series that was launched last week, Samsung hopes to restore its declining status. “The Galaxy Note 10+ 5G is just the start for China’s 5G market,” a Samsung official said during the launch event. “We hope our new products will hel

　South Korean tech company LG CNS said Wednesday it has agreed to work with foreign-language education firm YBM NET to develop a mobile language-learning app using artificial intelligence technology. 　The two companies signed a memorandum of understanding for cooperation on the AI-based foreign-language education service. The signing ceremony was held at LG CNS’ headquarter in the Magok district of western Seoul. 　Combining LG CNS’ voice recognition and machine learning technologies

75 percent of new employees at small companies quit their jobs within a year

South Korean tech giants Samsung Electronics and LG Electronics sparred again Tuesday, questioning the picture quality of 8K TVs, undermining each other’s technological prowess. LG once again accused Samsung of exaggerated, misleading marketing of its 2019 QLED 8K TVs and demanded more details.Since the IFA trade show in Berlin, Germany, earlier in September, LG has been slamming Samsung’s 8K TVs as failing to meet globally agreed standards that require minimum 50 percent contrast mo

The Seoul Metropolitan Police Agency on Tuesday raided SK Innovation’s headquarters in central Seoul over LG Chem’s accusation that the SK unit stole trade secrets related to developing electric vehicle batteries. LG Chem had made the accusation in May after filing a complaint in April with the US International Trade Commission and the District Court of Delaware over misappropriation of trade secrets through the hiring of former LG Chem employees. Police sent officers to SK Innovatio