Telecommunications giant to build four ‘ICT hotels’ in Seoul by 2022

Samsung Electronics on Tuesday kept silent about a post that went viral, supposedly showing an accidental reveal of its upcoming flagship Galaxy Note 9 smartphone by its smartphone business chief Koh Dong-jin.  Koh was photographed using a smartphone that appeared to be the new Note 9 phone -- slated for release at its Unpacked event on Aug. 9 in New York -- at a public event in Wuhan, China, on Monday. An image posted by Twitter user Eldho Varghese showed Koh using the S Pen on the supposed Not

5G PACT -- South Korean Minister of Science and ICT You Young-min (third from left) poses with heads of three Korean telecommunication companies SK Telecom, KT and LG Uplus at Marriott Executive Apartments Yeouido Park Centre in Seoul on Tuesday. The four agreed Tuesday that the three telco companies would adopt fifth-generation commercial network technology in the domestic market by March 2019, which would mark the first in the world. (Yonhap)

Armed with high-tech social infrastructure and a digital-savvy public familiar with blockchain and cryptocurrencies, South Korea is cut out to become the world’s first country to demonstrate a real decentralized economy at work, experts at the Beyond Blocks Seoul Summit said Tuesday.　Korea has potential to become the ideal “test bed” for new decentralized apps running on blockchain and cryptocurrencies, said Simon Sejoon Kim, CEO of Korea-based cryptocurrency fund Hashed, during a keynote speech

Line Corp., the Japan-based mobile messaging company under South Korean internet giant Naver, announced Monday that its cryptocurrency exchange BitBox has officially begun operation.　BitBox is a cryptocurrency exchange based in Singapore. It will be operated by Line Tech Plus, a Singapore-based company under Line and LVC Corp., a Line Group subsidiary focusing on cryptocurrency and blockchain businesses.BitBox currently handles 30 or more cryptocurrencies including bitcoin, Ethereum, Bitcoincash

Chinese electronics giant Xiaomi announced the launch of its latest budget smartphone Redmi Note 5 in South Korea on Monday, brought to local consumers for the first time in partnership with Korea’s two-largest telecom companies SK Telecom and KT.The release of the Redmi Note 5 was announced at a rare launch event hosted by Xiaomi and its local distribution partner G-mobi Korea in Seoul on Monday, a move that hints at the Chinese tech firm’s newfound resolve to ramp up its presence in the Korean

The volume of electricity generated from renewable energy jumped more than 20 percent on-year in 2017 to touch a record high, industry data showed Monday.Asia's fourth-largest economy saw the trading value of power generated from renewable energy come to 2.05 trillion won ($1.82 billion) last year, up 20.1 percent from the previous year, according to the data from the Korea Power Exchange. (Yonhap)It was the largest amount since the exchange started to compile related data in 2001. That year, th

Samsung to take over 20% of 5G equipment market by 2020, says networks chief

Seoul-based Tripbtoz incorporates artificial intelligence into booking service, targeting Asian customers

Korean version of Google’s in-car infotainment app now available in Hyundai, Kia vehicles sold here, three years since its US launch in 2015

It is the brand and design that can seem most alluring when making choices of sneakers or gym shoes. But it is the evolving chemical technology that silently has led the popularity of shoes on rubber soles, pushing the limits of people every day from fitness enthusiasts to fashionistas on the streets.People clad in running shoes jog on pavement. (123rf)The springy footwear has optimized the experience of runners and pedestrians alike, cushioning impact from the ground and returning energy to the

South Korea’s LG Electronics is taking on patent infringements by global smartphone makers by filling a suit against France’s device manufacturer Wiko, the company said Wednesday. LG filed the suit with a court in Mannheim, Germany, accusing the French company of infringing three LTE standard patents owned by the Korean phone maker. The three patents are regarding LG’s proprietary technologies enabling efficient communications between mobile devices and LTE networks.  (LG Electronics)Wiko is a M

South Korea will be hosting a string of global blockchain technology conferences this month, including the inaugural Korea Blockchain Week aimed at bringing together blockchain experts and investors from around the world to discuss the distributed ledger technology and its future.　Kicking off the list is the Korea Blockchain Summit taking place on Thursday and Friday of this week. It is the first Seoul-based event organized by the India-based non-profit Global Blockchain Foundation.The two-day c

South Korean startup 3billion, which specializes in gene sequencing and analysis for rare disease patients, said Wednesday that it raised 3 billion won ($268 million) in Series A funding.　The latest funding round was led by the Korea Development Bank and venture capital firms The Wells Investment and JW Asset, according to the startup. 3billion is also currently backed by Digital Healthcare Partners, a local digital health startup accelerator.3billion plans to use the newly raised funds to expan

South Korea’s largest panel maker LG Display said Tuesday the company has been approved by the Chinese government to build a new joint venture and plant for production of organic light-emitting diode display panels in Guangzhou. The Korean OLED panel maker has set up a joint venture with Guangzhou Development District with a capital of 2.6 trillion won, and invested nearly 5 trillion won to construct an 8.5-generatioin OLED manufacturing facility. The new plant will start its operations in the s