The first and only Apple Store in Korea will introduce the latest Apple smartphones on Friday: Get ready for the iPhones XR, XS and XS Max. Presales through local carriers SK Telecom, KT and LG Uplus closed Thursday, and -- despite hefty price tags starting at 1 million won ($880) -- the new phones have set a record that slightly surpasses the presales volume of previous iPhones 8 and X. iPhone XS (Yonhap)The Korea Herald will visit the store early Friday morning to see how the ultra-expensive n

The mediation committee for the dispute between Samsung Electronics Co. and its former employees suffering from work-related illnesses announced the finalized settlement for the two parties, with the plan including compensation of up to 150 million won ($132,000) per illness.The announcement came as South Korea's top chipmaker and an advocacy group representing victims of work-related diseases, the Supporters for the Health and Rights of People in the Semiconductor Industry, inked an agreement i

Company launches new premium brand LG Objet in collaboration with Italian designer

Samsung heir Lee Jae-yong departs for Hanoi at Seoul Gimpo International Airport on Tuesday. (By Song Su-hyun / The Korea Herald)Lee Jae-yong, heir and vice chairman of Samsung Electronics, on Tuesday left for Hanoi with a scheduled meeting with the Vietnamese prime minister, possibly on making new investments in the country. The Samsung heir’s two-day visit to Vietnam is expected to serve as a critical chance for the tech titan to mainly revise its smartphone business, the competitiveness of wh

Korean tech startup Deep Medi develops solution to measure blood pressure levels using ordinary phone camera

Next-generation materials to filter fine dust, upgrade fuel cells for vehicles under development

KT Corp. said Sunday it will announce its pick for its fifth-generation (5G) network equipment supplier as early as this week."We will make the announcement soon. It is possible to be delivered within a week," said KT Chairman Hwang Chang-gyu during his meeting with reporters in Boston. Hwang added South Korea's No. (Yonhap)2 mobile carrier also reviewed equipment from China's Huawei Technologies Co. amid a controversy over their security.LG Uplus Corp. earlier announced that South Korea's No. 3

LIGHTING UP ARENA -- The State Farm Arena, home to the US NBA team Atlanta Hawks, is now equipped with new videoboards, featuring 12,000 square feet of Samsung Smart LED signage. The main, center-hung video board is not only the NBA’s first 360-degree, continuous video screen, but also the first arena bowl to feature HD-quality, 6 mm LED video display technology, Samsung said Sunday. (Samsung Electronics)

SK Telecom said Friday the mobile carrier will acquire SK infosec, an information security subsidiary of SK Group, through a comprehensive stock exchange. SK infosec is the country’s biggest data security solution provider with around 200 billion won ($175 million) in annual sales. The company is the first Asian business to join the Cyber Threat Alliance of global security firms. (Yonhap)SK Telecom will exchange some 1.6 percent treasury stocks with a 100 percent stake in SK infosec, and will in

SK hynix recorded another record-breaking operating profit in the third quarter of this year, but the chipmaker might scale back its investments next year, the company’s chief financial officer said during a conference call Thursday. “The investment plan for next year hasn’t been confirmed yet,” said CFO Lee Myoung-young. “But considering the global economic uncertainties and inventories, the amount of capital spending is expected to decrease.” The company had expanded investments for this year

Google and LG Electronics are working together to develop and provide hardware and software technologies to upcoming smart city development projects that utilize information and communication technologies to increase the efficiency of urban services.The US tech giant announced the partnership and its details at the first Google Cloud Summit in Seoul, Thursday. The two firms plan to work with real estate developers and investors to build smart towns powered by artificial intelligence, the interne

South Korean internet giant Naver said Thursday its operating profit fell 29 percent on-year in the third quarter due to losses from its Japan-based mobile messaging unit Line and increased tech investment costs.　The firm posted an operating profit of 221.7 billion won ($195 million) in the July-September period, down 29 percent from the same three months of last year.　Third-quarter revenue came to 1.39 trillion won, up 16.4 percent on-year, while net profit fell 68.3 percent on-year to 68.4 bil

LG Display, the world’s No. 1 organic light-emitting diode panel maker, said Wednesday it achieved the first surplus from selling OLED panels since 2013 for the August-October period this year. According to its third-quarter earnings report, the panel maker recorded 6.1 trillion won ($5.39 billion) in sales and 140.1 billion won in operating profit. An 8K OLED panel is displayed at Korea Electronics Show 2018 at Coex in southern Seoul on Wednesday. (LG Display)Owing to increases in prices of liq

Chipmakers, home appliance manufacturers, display panel makers, automakers join 2018 Korea Electronics Show in Seoul to showcase how collaboration can change life

If you are a driver, you have likely experienced a navigation app that cannot locate your position due to a loss of GPS or network signal when traveling through isolated sites like tunnels, underground parking lots or narrow roads between high-rise buildings.But this annoyance may soon disappear, as South Korean mobile giant Kakao has set out to develop a next-generation location-tracking technology that will ensure that location-tracking remains stable at all times, even in confined locations.K