Cinemex officials promote the Onyx screen by Samsung Electronics at a theater in Mexico City. (Samsung Electronics)South Korean tech titan Samsung Electronics will make inroads into the cinema market in Latin America by providing its light-emitting diode screens to the region’s biggest movie theaters, according to the company Tuesday. Samsung said it had signed a contract with Cinemex, the second-largest movie theater company in Mexico, to supply Samsung’s LED screen Onyx to five Cinemex venues

SAN FRANCISCO -- WhatsApp CEO Jan Koum is breaking ties with his company’s parent, Facebook, amid a privacy scandal that has dogged the social network for weeks.Koum confirmed his departure from WhatsApp Monday on his Facebook page . The Washington Post reported that Koum also plans to resign from Facebook’s board of directors. Facebook wouldn’t comment on that report.Facebook has been trying to defuse questions about whether it can be trusted with the reams of personal information it collects t

Silicon Valley IT startup AlcaCruz, whose CEO is Emily Ward, announced that it has officially launched SuperStream Live, a new streaming technology that enables optimized live virtual reality broadcasts. Founded in 2014, AlcaCruz is startup located in Silicon Valley. It holds several patents for cutting-edge image and video processing technologies. The new streaming technology maintains high visual quality while reducing network and server costs by 75 percent compared to conventional streaming.S

Local sources say Tencent’s investment may total W600b, making it Bluehole’s 2nd-largest stakeholder

Samsung SDS, the information technology services and logistics solutions arm of South Korea’s Samsung Group, said Monday that its first-quarter operating profit rose 24 percent on-year to 181.8 billion won ($170.4 million), on the back of a strong performance by its cloud and smart factory businesses.　Revenue during the January-March period grew 9.5 percent on-year to 2.36 trillion won while net profit jumped 45.2 percent to 131.6 billion won, the company said in its earnings guidance report. (S

The world’s two-largest memory makers based in South Korea, Samsung Electronics and SK hynix, are facing a legal battle against US consumers who claim that they conspired to set high prices for widely used memory chips, according to the industry on Monday. US class-action law firm Hagens Berman said in a press release Friday that it had filed a lawsuit against the three-largest electronics chipmakers, Samsung Electronics, Micron and SK hynix, claiming that the companies illegally agreed to raise

KT said Monday it is launching a donation campaign using its artificial intelligence platform GiGA Genie with the aim to make donating easier. It is the first case in South Korea to utilize AI for donations, according to the firm. The campaign, in coordination with ChildFund Korea, runs from Friday through May 30, giving GiGA Genie users the chance to donate for children in need using the speaker as part of efforts to celebrate Children’s Day, which falls on Saturday.  KT will launch a donation

G7 ThinQ to boast cutting-edge LCD, audio technologies

KT supports South-North Summit at Panmunjeom with 5G network at Kintex

LG Electronics and its holding company LG Corp. announced Thursday they had acquired a 100 percent stake in Austrian automotive light maker ZKW Group for some 1.44 trillion won ($1.33 billion), spurring its vehicle component business as a new growth engine. According to the announcement, LG Electronics bought a 70 percent stake in ZKW Group for 1.108 trillion won, while LG Corp. purchased 30 percent of the Austrian firm’s shares at 433.2 billion won.The acquisition plan was confirmed at a board

Powering ‘token economies’ with blockchain, and more

Naver considering ‘outlink system’ for online news, CFO says

Samsung Electronics said Wednesday it had begun mass producing DRAM chips for automobiles, which can endure heat of up to 125 degrees Celsius.The chips are 10-nanometer-class 16-gigabit DRAM capable of enduring hot temperatures during automotive applications. The latest 16Gb DRAM is the industry’s first automotive solution, raising the temperature threshold from the current 105 degrees Celsius to 125 degrees Celsius, making them automotive grade 1-compliant.  16Gb DRAM (Samsung Electronics)The r

Naver, the operator of South Korea’s main portal website and search engine, on Wednesday rolled out a new set of restrictions for its online news comment system in light of burgeoning controversy over an opinion-rigging scandal that involved abuse of the system.　Naver has capped the number of times a user can click “agree” or “disagree” on a comment at 50 times within a 24-hour timeframe. Until now, there had not been any restrictions on the number of times a user could click “agree” or “disagre