Seeking to introduce a series of advanced mobile payment services targeting the offline market this year, tech companies are up for heated competition over the smartphone-based payment market here.Dominant Korean internet portal Naver said last month that it would soon launch a mobile payment system available at local stores and restaurants. Combined with its incumbent Naver Pay mobile payment platform, offline service “Table Order” is expected to launch in the third quarter of this

The top-tier tech companies in South Korea, including Samsung Electronics and SK hynix, have their hearts in the mouth after Japan voted Friday to remove the country from its whitelist of countries that enjoy preferential trade treatment.The semiconductor industry sees the current situation as an “unprecedented emergency” that could directly hit productivity, especially now during a market downturn. “The delisting decision is making matters even worse for the chipmaking industr

Region is fast becoming Asian hub for startups based on advanced technologies

Samsung Electronics on Thursday unveiled its first table PC Galaxy Tab S6 that can be controlled by hand gestures.The sixth edition of Galaxy Tab features remote control functionality enabled by Samsung’s signature S Pen.S Pen has built-in Bluetooth Low Energy remote control technology that allows users to take selfies and videos and control multimedia without actually touching the device. A 10-minute-long wireless charge lasts 10 hours. Other features include converting handwritten notes

　South Korean information technology firm LG CNS said Thursday it will install an artificial intelligence-based X-ray analysis system at a local public health center to offer patients speedier medical assessments. 　Starting from late September, the AI-based X-ray assessment will be brought to a public medical facility in the Eunpyeong district of Seoul. The system is expected to help doctors and patients receive accurate X-ray images within 20 seconds, LG CNS added. 　According to the IT solution

Trade disputes, Supreme Court ruling on Samsung heir likely to undermine IT giant’s operational visibility

Korea’s leading blockchain fund Hashed chief says blockchain popularity here is more to do with capitalizing digital assets than building decentralized platforms

The number of South Koreans accessing the darknet, a network of encrypted websites that cannot be accessed through search engines, has tripled in 2 1/2 years. Statistics released by Tor Metrics on Monday showed that the average of 5,156 South Korean users per day accessed the darknet at the end of 2016. The figure had jumped to 15,951 users as of July this year. The number of global darknet users nearly doubled from 151,794 to 290,955 during the same period. Tor Metrics is a website evaluating a

While production of high-computing chips at Samsung Electronics, the world’s top memory chip business, is expected to suffer in the wake of a trade dispute between South Korea and Japan, other global chipmakers are aggressively expanding investments to spur production, according to the industry on Monday. TSMC, the world’s third-biggest chipmaker based in Taiwan, has announced a plan to hire more than 3,000 engineers by the end of this year, along with plans to invest in new extreme

With SK hynix making a painful decision to cut production of memory chips Thursday, all eyes are on whether Samsung Electronics -- the world’s No. 1 DRAM producer with a market share of over 40 percent -- will follow suit. Samsung has denied it plans to cut production, but market analysts say the chip giant will slowly reduce its output of memory chips. This may sound negative to Samsung’s operations, but cutting down production would help shore up sagging prices in the memory segmen

Chipmaker plans to cut DRAM production from Q4 due to weak recovery in demand and concerns involving Japan curbs

Samsung Electronics said Thursday it will release its first foldable smartphone Galaxy Fold in September, three months after postponing the launch due to display defects. To fix the problems, Samsung said the top protective layer of the foldable display has been extended beyond the bezel, making it apparent that it is an integral part of the display structure and not meant to be removed.  The Galaxy Fold also features additional reinforcements to better protect the device from external part

LG Display announced Tuesday it has invested an additional 3 trillion won ($2.5 billion) in the 10.5-generation line for organic light-emitting diode panels at its P10 factory in a bid to expand the market presence of large-sized OLED screens. The world’s biggest OLED panel maker will execute the investment with an aim to increase the monthly production capacity of the newest line located in Paju, Gyeonggi Province, to 45,000, starting from 2023. The Gen 10.5 plant was built to manufacture

The South Korean government has begun to use artificial intelligence technology in its fight against illegal sex videos.The state agencies said Monday that they have started applying the AI technology to search and delete illicit sex videos shared on the internet. The technology has been adopted by the Gender Equality Ministry’s center for supporting victims of cybersex crimes.The center expects the new AI solution to help shorten the time in finding and removing sex crime videos, also kno

LG Chem said Tuesday the company is holding the second Global Innovation Contest to discover new technologies and ideas from universities and institutes around the world. The South Korean petrochemicals and energy solutions developer started receiving innovative ideas in the fields of petrochemicals, electronic batteries, advanced materials and biotechnology. Recruitment will run until Sept. 30. Graduates and professional researchers in the aforementioned fields are eligible to apply for the con