SINGAPORE -- UK-based industrial software developer Aveva said Tuesday it plans to introduce its newly integrated industrial software by November in its digital push to streamline large-scale projects.The news comes amid the UK company’s push for software integration following its merger with French multinational firm Schneider Electric’s industrial software business in March 2018. Since the merger, Aveva has strived to bring together its design, engineering and construction capaciti

LG Display announced Monday the company’s incumbent chief tendered his resignation and that it has tapped a LG Chem executive as the new leader.Han Sang-beom, current vice chairman and CEO of the panel maker, expressed his willingness to step down from the post during an emergency meeting of the board of directors for the company, which is currently suffering deficits.The board accepted Han’s resignation and tapped Jeong Ho-young, chief operating officer of LG Chem, as the new CEO of

　Copyright violation accusations filed by the country’s major broadcasters number over 150,000 so far this year, with nearly 90 percent against global video-sharing platform YouTube, a lawmaker said Monday 　Citing data from the Korea Communications Commission, Rep. Noh Woong-rae of the Democratic Party of Korea said as of last month there were 153,081 requests made by broadcasters for the media watchdog to address copyright infringement. 　The broadcasters, which include four territorial br

　South Korea’s three territorial broadcasters and mobile carrier SK Telecom held an event Monday to mark the launch of a massive video streaming service Wednesday, with an aim to attract 5 million paid subscribers by 2023. 　The heads of the broadcasters and SK Telecom gathered in Seoul to celebrate the launch of their new over-the-top video service Wavve, which combines SKT’s Pooq and the broadcasters’ Oksusu into one integrated platform.　The participants pledged to develop Wav

LG Innotek, the electronic parts affiliate of LG Group, said Monday that the company would showcase around 20 kinds of car components at an upcoming automotive show in Japan this week. The LG affiliate will, for the first time, take part in the Automotive World 2019 that kicks off Wednesday for a three-day run in Nagoya -- where Japan’s major auto parts makers, as well as automakers like Toyota, are headquartered. The event is held in Tokyo every January and in Nagoya in September, attende

The chief executive officers of LG Chem and SK Innovation, embroiled in a legal dispute over patent infringement issues and the poaching of talent, met Monday at a hotel in Seoul to seek some breakthroughs, the companies said. LG Chem CEO Shin Hak-cheol and SK Innovation CEO Kim Jun reportedly exchanged views for over an hour and maintained their respective stances on the ongoing confrontation. “Details of the talks cannot be revealed,” said an LG Chem official. It has also not been

Lee Jae-yong, vice chairman and heir apparent of Samsung Electronics, flew to Saudi Arabia on Saturday to check on Samsung C&T’s infrastructure project in the Middle Eastern country’s capital, Riyadh, the company said Sunday. The de facto leader of South Korea’s biggest conglomerate visited the construction site for the Riyadh Metro project, in which its construction arm is a participant. The project, slated for completion by 2020, will involve the construction of six subwa

　The South Korean government on Wednesday filed a complaint over Japan’s tighter export curbs with the World Trade Organization, accusing Tokyo of taking discriminatory measures against Korea for politically motivated reasons.　During a press briefing in Seoul, the country’s Trade Minister Yoo Myung-hee said the Japanese government’s export controls targeting Korea violate WTO rules by regulating free trade for political purposes.　Early in July, Japan imposed export curbs on thr

　The government’s plan to use a SpaceX projectile to search the orbit of the moon has been postponed to July 2022, the Science Ministry said Tuesday, amid lingering disputes over the projectile’s weight and design. 　During a press briefing in Sejong city, the Ministry of Science and ICT announced it had decided to delay the lunar projectile’s launch by 19 months. The projectile was supposed to be launched in December next year. 　According to the government, there had been dispu

The months-long legal dispute between two South Korean electric vehicle battery makers over alleged poaching of employees with trade secrets is unfolding as an intellectual property battle with LG Chem preparing to file a countersuit against SK Innovation in the United States, according to industry sources Tuesday. LG Chem is currently mulling a lawsuit against its rival accusing it of infringing its patents related to EV batteries. This follows SK Innovation’s recent patent lawsuit agains

Samsung SDI said it showcased a slew of innovative battery solutions at the International Motor Show that kicked off in Frankfurt on Tuesday. The battery affiliate of Samsung exhibited its core materials for high-nickel batteries and silicon-based anodes. It also introduced a battery cell, module and pack for electric vehicles that enables a driving range of 600 to 700 kilometers on a single charge.  Samsung held the exhibition under the theme of “Charged for Auto 2.0,” which ca

　SK Group’s semiconductor component maker, SK Siltron, has acquired a wafer division from US chemical giant Dupont as the South Korean company aims to raise its profile in the global semiconductor component market. 　According to SK Siltron on Tuesday, the company’s board of directors agreed to purchase Dupont’s silicon carbide wafer business unit for $450 million. The acquisition is expected to be finalized by year-end after the necessary government approvals are obtained. 

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Samsung Electronics’ limited edition strategy for the Galaxy Fold is turning out to be working effectively by accurately targeting consumers’ penchant for rarity, according to industry sources Monday. After the first batch of the world’s first 7.3-inch foldable device was sold out on Thursday and Friday, there are an increasing number of Koreans who are seeking ways to get the limited phone online. On online communities where people trade second-hand products, there were posts