Samsung SDI showcased its latest energy storage system at one of the biggest ESS events, Ees Europe 2019, in Munich from Wednesday to Friday.The battery affiliate of Samsung Electronics presented its latest ESS, the E3, which has enhanced energy density and can store 20 percent more energy than previous models, according to the company. The physical size of the battery cell in the E3 remains the same, but the design of the rack and module have been optimized, with the technology advanced to acco

　South Korean battery maker LG Chem said Wednesday it had signed a long-term supply deal with Volvo Cars for electric vehicle batteries, as the Swedish carmaker is aggressively pushing electrification initiatives. 　The Korean firm was selected to supply car batteries along with Chinese battery manufacturer Contemporary Amperex Technology. 　While the two companies did not elaborate on the details of the financial deal and supply amount, LG Chem said the agreement will allow it to deliver lithium-

　South Korea’s SK Innovation announced Wednesday that it would invest 579.9 billion won ($488.3 million) to build a second electric vehicle battery factory in China, an effort to enhance its presence in the world’s biggest auto and EV market. 　According to SK Innovation, the investment decision was made Tuesday during a board meeting. The company did not specify its Chinese partner, the location of the new plant or its production capacity. 　SK Innovation said the goal of the investment was to en

Samsung kick-starts annual foundry forum in Silicon Valley to announce its latest W133tr investment plan for non-memory business and the most advanced foundry technologies

Tim Sweeney says Epic Games Korea accounts for largest revenue globally

BANGKOK -- When Kulina launched its algorithm-powered online marketplace in Indonesia in 2016, there were high hopes that the startup could address the country‘s chronic last-mile logistics conundrum, while at the same time providing home-cooked meals at an affordable price,However, the startup soon ran into trouble.To turn the business around, Bangkok-born, US-educated Casper Sermsuksan rolled up his sleeves to add diversity to Kulina’s business model. During the process, he managed

　Regional telecom giants gathered in South Korea on Tuesday to discuss their business plans related to the 5G cellular network, as they seek to figure out ways to leverage it in various industries. 　The companies -- including AT&T, China Telecom and KDDI, and various telcos from the US, China, Japan and the Asia-Pacific region -- gathered in South Korea’s resort island of Jeju to attend the Pacific Partner Meeting, hosted by Korea’s KT. 　The participants are expected to discuss viable business m

Subscribers in their 50s and older are the most active users of YouTube in South Korea, data showed Tuesday.According to Seoul-based app analytics firm Wiseapp, people aged 50 and older spent the most time watching YouTube of all age bracket last month. They spent a combined 10.1 billion minutes, about 26 percent of total watching time across all generations. WiseApp said teenagers were the second largest age group with a combined 8.9 billion minutes of watching time on Youtube. It was followed

Pressed by global cloud giants, South Korean mobile carriers seek to create a niche market with edge computing technology

SKT-MICROSOFT PARTNERSHIP -- SK Telecom CEO Park Jung-ho (left) and Microsoft CEO Satya Nadella shake hands during a meeting at Microsoft’s headquarters in Redmond, Washington. SKT said Monday the two have signed a memorandum of understanding agreeing to collaborate in areas including 5G, artificial intelligence and cloud computing to foster new business opportunities. (SKT)　

Thai real estate startup sees opportunity in burgeoning market

South Korea’s tech giant Samsung is making additional investments in India with the goal of making the 1.3 billion-population market its mobile business hub, according to industry and news reports Thursday. Samsung Electronics battery affiliate Samsung SDI and display panel maker Samsung Display recently invested around 25 billion rupees ($357.83 million) to build additional battery pack and mobile display assembly plants, according to local news outlets. The detailed amount of their respective

Leading fabless chipmaker says government needs to ensure domestic firms benefit for their R&D achievements, while companies try to create a culture of failures

Samsung Electronics will soon announce a rescheduled plan for the launch of its Galaxy Fold smartphone in the United States after resolving reported issues involving its main display, CEO Koh Dong-jin said Thursday. The South Korean tech giant’s mobile business chief told The Korea Herald, “(The company) has reviewed the defect caused from substances (that entered the device), and we will reach a conclusion in a couple of days (on the launch).”  Samsung CEO Koh Dong-jin presents Galaxy Fold in F

Ethereum co-founder Joseph Lubin urges South Korea to deregulate blockchain industry