South Korea's internet giant Naver said Tuesday it will develop a superaccurate map for autonomous driving by the year’s end, as it seeks to gain an upper hand in the futuristic technology. 　The company’s research and development subsidiary Naver Labs announced its plans to create a virtual Seoul map with 10 centimeter-level accuracy. It pledged to build a digital layout of streets 2,000 kilometers long by acquiring geographic data via aerial and land devices. 　Naver is one of few Ko

While Samsung Electronics remains indecisive about an official launch of the Galaxy Fold after nearly two months, the South Korean tech giant seems to be preparing to roll out the company’s flagship phablet Galaxy Note 10 on schedule in August, industry sources saidMonday. “The Galaxy Note 10 will have its own timeline for its debut in August, regardless of the Galaxy Fold’s launch schedule,” said a Samsung official. “The company keeps the same stance about the Gala

South Korea’s Samsung Electronics and six other global tech giants are being investigated by the US International Trade Commission following allegations that they violated patents in their touch-controlled mobile devices, computers and components, according to industry sources Sunday. The USITC disclosed on its website that it will launch an investigation over allegations that certain touch-controlled devices imported to the US have violated Section 337 of the US Tariff Act.The complaint w

Following success of Tada, Korean mobility startups launch operations with car rental companies

　South Korean telecom firm KT announced Friday it will work with Japanese entertainment company JW2B to produce futuristic K-pop content for 5G-based smartphones using virtual and augmented technologies. 　The memorandum of understanding was signed in Tokyo on Thursday. 　The agreement allows KT users to enjoy AR- or VR-based content delivered by JW2B featuring K-pop stars’ performances in Japan. KT said the content will be available on 5G-powered smartphones and KT’s internet TV servi

Forecasts for the global memory chip market are growing more pessimistic, as a rebound in prices is not likely to happen until next year amid tension between the United States and China’s Huawei Technologies, according to financial reports and industry insiders on Thursday. The negative outlook is dampening expectations about South Korean chipmakers’ performance for the next six months. Global financial institutions, including UBS Securities, Goldman Sachs and Morgan Stanley, recentl

　South Korea’s biggest mobile carrier SK Telecom launched Wednesday a smartphone application aimed at helping address the chronic problem of parking space shortage.　The company said it has released the Tmap Parking app to help users locate parking lots. Based on its navigation app Tmap, the service notifies drivers about available parking spaces nationwide in real time.  　Users can also purchase parking tickets via SKT’s parking app before parking at designated spaces. The servi

Korea aims to secure 20 percent 5G network equipment market by 2026

South Korea retained the top spot in a European innovation list for the seventh consecutive year, the finance ministry said Wednesday.South Korea scored 137 points in global performance in relation to the European Union in the European Innovation Scoreboard that provides a comparative assessment of the research and innovation performance of the 28 EU member states and 18 select countries, according to the Ministry of Economy and Finance."South Korea is the most innovative country performing

 Naver, the reigning search engine in South Korea, should receive credit for its presence on the Google-dominant scene, its founder said Tuesday.　“I am proud to have built a search engine in our own language, allowing our own people to use the platform,” Lee Hae-jin, the billionaire founder of South Korea‘s top portal operator Naver Corp., said in a forum here.　Appearing after a two-year absence from the public eye, Lee said there are very few countries in the world where

With government’s deregulation efforts, South Korean telecom seeks to compete against global giants in public cloud services market

Top memory chip provider announces plan to solely develop NPUs, neuromorphic processors to realize on-device AI

Samsung Electronics Co. and SK Telecom Co. said Tuesday they have agreed to work together to upgrade the performance of the commercial 5G network and develop technologies related to 6G.Samsung, which provides end-to-end 5G solutions ranging from modems and chipsets to smartphones, has been providing its equipment to South Korea's leading mobile carrier for the commercial rollout.  As SK Telecom is currently building additional base stations to expand nationwide coverage, the two companies f

South Korea’s internet giant Naver said Monday it has introduced a mobile payment system that can be used at stores in Japan, a move that the company said could help Koreans traveling there have a better shopping experience.According to the firm, its users can purchase items in Japan via its own mobile payment service Naver Pay. Using the tool called Cross-Border service, the users can carry out electronic payments by swiping a QR code with mobile devices.  The service is available at

Lee highlights auto parts, 5G and open innovation with outside partners for new businesses