Samsung Electronics on Friday announced that it joined the Partnership on Artificial Intelligence to Benefit People and Society (PAI) in an effort to develop safe and reliable artificial intelligence services and products.The PAI, founded in 2016, is a technology industry consortium that conducts research and discussion, shares insights, provides thought leadership, identifies new areas for AI application and creates informational materials to advance the understanding of AI technologies. The or

LG Chem announced Friday it will appoint Shin Hak-cheol, vice chair of 3M, as new vice chairman and CEO of the company. This marks the first time that LG Group has scouted an outside figure to head the chemicals and battery affiliate since its founding in 1947. “With global perspectives and experience, Shin is the right person capable of pre-emptively responding to the rapidly changing business environment while leading the change in corporate culture and structure,” LG Chem said in a statement.

Online gaming firm Nexon Co. said Thursday its net profit for the third quarter increased 14 percent on-year on the back of the continued popularity of global hits such as “Dungeon & Fighter” and “Maple Story.”Net profit for the July-September period jumped to 223.9 billion won ($200.3 million), the company said in a regulatory filing.(Yonhap)　Operating income also was up 4 percent on-year to 238.1 billion won, and sales jumped 15 percent on-year to 696.1 billion won.　Revenue from overseas marke

Pro gamer Lee Sang-hyeok talks about fame, future of esports and public perceptions toward gaming

‘Tech titan’s fate is dependent on success of the foldable phone next year’ says Samsung executive

South Korean online gamemaker NCSoft Corp. on Thursday unveiled five new massively multiplayer online role-playing games for the mobile platform.Among the much anticipated lineup is "Lineage 2M," a follow-up to the mega-hit mobile game "Lineage M" that is slated to be launched during the first half of 2019, NCSoft said."Lineage M," which brings the original "Lineage" title to the mobile platform, has become the most popular app both on the Google Play Store and Apple's App Store since its launch

SAN FRANCISCO -- Samsung Electronics Co. on Wednesday showcased its upcoming smartphone with a foldable display slated to be released in the early part of 2019.At the Samsung Developer Conference 2018 held in San Francisco, the South Korean tech giant outlined some specs of its much-anticipated Infinity Flex Display technology, calling it the next big breakthrough. The infinity display is expected to be employed on the company's upcoming high-end smartphones. At the gathering, Samsung took the w

Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Thursday its third-quarter operating profit fell 35 percent from a year earlier, due to increased costs from its new businesses.Operating income reached 30.7 billion won ($27.3 million) in the July-September period from 47.4 billion won a year ago, the company said in a regulatory filing. Sales, however, rose 16 percent on-year to a quarterly record high of 599.3 billion won, the company said. (Yonhap)Kakao said its

Satya Nadella says Korean businesses must embrace ‘tech intensity’ to stay competitive

Google Inc. could greatly improve the prediction of earthquake aftershocks by using machine learning, a type of artificial intelligence (AI) technology, a scientist from the company said Tuesday.In earthquakes, an initial mainshock is typically followed by a series of smaller aftershocks. Forecasting the locations of these aftershocks has become important as they can significantly hamper recovery efforts.Martin Wattenberg, a senior staff research scientist at Google's People + AI Research initia

Samsung Electronics Co. is set to hold its developers' conference this week in the United States, where the company plans to unveil its latest technologies, potentially including details of an upcoming foldable smartphone, industry watchers said Tuesday.The South Korean tech giant will hold the Samsung Developer Conference in San Francisco on Wednesday and Thursday.The upcoming event is significant as the company hinted it may unveil details of a new smartphone with a foldable display. Earlier t

LG Electronics Inc. said Monday it inked an agreement with E-mart Inc., a retail giant in South Korea, to develop a new type of service robot that can assist shoppers at supermarkets.Under the agreement, the two companies will develop what they call a smart-cart robot that can automatically identify obstacles and follow shoppers as they walk through aisles. LG said the new robot will free visitors from the hassle of pushing heavy carts by themselves. Shown in the picture released by LG Electroni

SK hynix has developed the world’s first 4D NAND flash memory using both Charge Trap Flash and Peri Under Cell technologies, with a plan to start mass production this year, according to the chipmaker on Sunday. SK hynix said it developed 96-layer 512-gigabit NAND flash, named CTF-based 4D NAND Flash to distinguish it from current 3D NAND flash technologies.SK Hynix’s 96-layer 512-gigabit NAND flash (SK hynix)The NAND flash memory chip is widely used for the storage of mobile devices and data cen

Korean tech startups seek ways to bring market-ready technology innovations to customers at Naver D2 Startup Factory conference

More than 200 people had lined up in front of the Apple Store in Garosu-gil, Seoul, as of 7 a.m. on Friday -- the day of the iPhone XR, XS, XS Max and Apple Watch Series 4’s launch in South Korea. Some had come to queue from the night before. Hours later, at 10 a.m., the line showed no signs of shrinking. The new models are by far the most expensive of Apple Inc.’s smartphone creations, with a storage capacity of up to 512 GB. The iPhone XS Max 512 GB is the priciest of the selection this time,