LG’s 8K OLED TV does not seem ready for commercialization, while Samsung successfully promoted its 8K upscaling technology

Jo vows to ramp up sales of vehicle component business, visits ZKW headquarters in Austria

Line, the Japan-based mobile messenger operator owned by South Korea’s Naver, has announced plans to launch its own cryptocurrency and an underlying blockchain network to support it, in a move to attract more users to the Line business ecosystem.　The company plans to launch the digital tokens, dubbed Link, this month. Link tokens will not be issued in the form of an initial coin offering but via a reward system that gives users Link in exchange for using and engaging in services within Line.The

South Korean video game giant Nexon is working to expand its employee benefits, ranging from cultural and educational programs to special vacations for longtime employees, as it strives to keep in line with a corporate culture that prioritizes work-life balance.Among Nexon Korea’s most popular offerings is an arts and culture class program called Nexon Forum. Operational since 2012, the program has held more than 100 classes so far in areas such as woodcraft, pottery making, choral training and

Jo vows to speed up transformation to AI, robot firm

BERLIN -- Artificial intelligence and robots will bring a better life, with a wider range of choices in our everyday lives, said Jo Seong-jin, chief of the South Korean tech giant LG Electronics, as he opened IFA 2018 on Friday. In a keynote speech announcing the kickoff of the six-day exposition on innovative home appliances and new technologies taking place in the German capital, LG CEO Jo outlined the company’s strategic direction for the new era of AI. “Spending 42 years at LG, all through m

President Moon Jae-in vowed additional government support for the data industry Friday, stressing the need to develop big data into the country's new growth engine."The government will fully support the data industry as part of efforts to revitalize our economy. We will establish a new expressway of data in the era of data as we built the Gyeongbu Expressway in the era of industrialization," the president said.His remarks came in a meeting with some 120 officials and representatives from the dat

BERLIN -- Samsung Electronics may not be the top player in the field of artificial intelligence just yet, but it could use its position as the world’s leading device manufacturer to negotiate collaboration with Google on AI, the company’s consumer electronics chief said Thursday. “Samsung is developing its own voice assistant, Bixby, but we could consider various (forms) of collaboration with Google in the field,” said Kim Hyun-suk, Samsung’s president and CEO of consumer electronics, during a p

BERLIN, Germany – The Open Connectivity Foundation, a global organization on Internet of Things standards, announced Thursday at IFA 2018 in Berlin that the body and leading home appliance makers agreed to raise interoperability within the Internet of Things ecosystem.A ceremony to mark the agreement was held in Berlin one day ahead of the opening of IFA 2018, attended by C-level executives from Electrolux, Haier, LG Electronics and Samsung Electronics. OFC is a 400-member organization that seek

JAKARTA (AFP) - The undisputed superstar in the growing world of eSports said gaming deserved its place in the Olympics -- despite a mixed reception at its debut Asian Games.　Faker, real-name Lee Sang-hyeok, has gone from high school drop-out to fame and fortune through eSports, which are now knocking loudly on the door of the mainstream.　He said eSports‘ growth potential and popularity among the young made them a must both for the Asian Games, where they were played as a demonstration sport in

BERLIN -- LG Electronics will make a foray into Europe’s built-in home appliance market with its newest kitchen brand, pledging to improve the lives of consumers, said the head of the company’s home appliance business on Thursday. “LG’s home appliance unit is officially launching a new built-in brand, Signature Kitchen Suite, in Europe, which is a significant milestone for the Korean company to accelerate its foray into the world’s biggest built-in market,” said Song Dae-hyun, president of LG’s

Kakao, operator of South Korea’s top-used mobile messenger KakaoTalk, is moving to extend its influence in its major business divisions, through strategic acquisitions in the e-commerce sector and partnerships in the artificial intelligence platform business.　Kakao is reportedly looking to acquire Korea Center, which operates international shopping support site Malltail that helps Korean consumers make direct purchases from overseas sites and ships the purchased goods to Korea.A man makes an onl

BERLIN -- Samsung Electronics announced the global launch of its first 8K (7680X4320) quantum-dot light-emitting diode TV on Thursday, the day before the opening of the IFA 2018. Dubbed Q900R QLED 8K, the lineup consists of large sizes of 65-, 75- and 85-inch models. It features clearer and brighter picture quality than the current 4K (3840×2160) TVs as it uses a quadrupled number of pixels. Due to the higher pixel density, 8K TVs provide a more immersive experience for viewers with more live co

Samsung, LG pledge to change people’s lives with AI

Ride-hailing service Uber’s Chief Operating Officer Barney Harford on Wednesday said the company is seeking new partnerships with technology companies in South Korea, an important market equipped with advanced technology. “The size of Korea as an economy is very significant. Also this is a country that is deep in technology. I think there is potential for us to work closely with some of the great companies in Korea and develop partnerships that serve the Korean market well, but also help us take