Younger executives increasingly taking helm not just to spur innovation but also for chaebol system

Samsung Electronics will unveil the Galaxy S24 series featuring the company’s latest artificial intelligence model in Silicon Valley -- the home turf of its archrival, Apple -- this month. Releasing the official invitation on Wednesday, the world’s largest smartphone maker said it will hold the Unpacked event for its flagship smartphone series in San Jose on Jan. 17. The company said it will be “opening a new era of mobile AI” with the latest smartphone series. “A

SK Group Chairman Chey Tae-won vowed in his New Year's message Monday to review and reorganize the management system of the nation's second-largest conglomerate to better handle challenges in 2024. "A loose 'geomungo' (a six-string Korean zither) can only produce the right notes if the strings are untangled and re-tensioned,” Chey said in the message sent to all executives and staff of SK Group affiliates via email. "Let's all review and refine our manage

Samsung Electronics said Thursday it will unveil a new vacuum cleaner lineup with advanced artificial intelligence at the CES 2024 in January. The Bespoke Jet Bot Combo, a robot vacuum and mop cleaner, and Bespoke Jet AI will showcase enhanced AI features and steam cleaning to foster an easier cleaning experience for users, the company said. (Samsung Electronics)

LG Electronics said Wednesday it will unveil its artificial intelligence smart home robot at the upcoming CES 2024 next month. The latest AI agent boasts robotics and multimodal technologies that enable it to move, learn, comprehend and engage in complex conversations. The company said the latest device will play a role as an all-around home manager and a companion to enhance users’ daily lives by lessening the burden of house chores. (LG Electronics)

The US government’s survey on its semiconductor supply chain would likely boost sales for Korean chipmakers, with the heightened surveillance on the usage of Chinese chips raising uncertainties for US tech giants, according to an analysis, Tuesday. Last week, the US Department of Commerce said it will start the survey in January to identify how US companies are sourcing so-called legacy chips -- the current-generation and mature-node semiconductors. The purpose of the analysis is to &ldquo

Competition depends on securing more female streamers who are key profit sources

LG Nova, LG Electronics’ North American Innovation Center, will offer a glimpse into the technologies that will lead growth in the future at CES 2024, slated to be held in January in Las Vegas, the company said on Monday. At the annual consumer electronics show, LG’s US entity will open its showroom under the theme “Building a brighter tomorrow together.” Its 10 partnering startups will present their innovative technology ideas in four fields: digital health, clean tech,

LG Electronics said Friday it has launched an experience zone, called “Another Saigon,” in Ho Chi Minh, Vietnam, targeting young customers amid growing demand for premium home appliances. Vietnam's market economy has experienced a rejuvenation driven by the "Doi Moi" generation — individuals born after the country initiated political reforms in 1986 to establish a socialist market economy. Given the younger generation's greater familiarity with social media

Huawei Technologies Korea will maintain its commitment to accelerating Korea’s digital transformation momentum by providing safer and more innovative products and solutions industrywide, the company’s top executive said Wednesday. “We will help the Korean ICT industry develop more actively in the future by introducing our outstanding research and development achievements and experiences in various sectors, including artificial intelligence, 5G network and cloud computing, to th

SK Broadband, a major South Korean internet service provider, said Wednesday it is introducing an internet protocol television, or IPTV, service using artificial intelligence that aims to provide more tailored content to users. Under the goal of becoming the paid broadcasting market leader, SK's IPTV platform B tv provides hyper-personalized services to users by analyzing and predicting their lifestyles using AI technology. "Starting with the launch of 'AI B tv,' we aim to gr

South Korean conglomerates are skipping official year-end ceremonies and recommending employees to take their annual leave to close out 2023. Samsung Electronics, the country’s largest conglomerate, is rounding out the year without any official year-end ceremony -- or "jongmusik" in Korean -- according to a Samsung official. The conglomerate will hold an official ceremony to kick off the new year -- or "simusik" -- on Jan. 2, 2024, bringing together top executives and e

South Korea should step up to become a "rule setter" from being a "rule taker" by collaborating with Japan, as well as keep a balance between the United States and China, SK Group Chairman Chey Tae-won, who doubles as chairman of the business lobby group Korea Chamber of Commerce and Industry. Underscoring that the current protectionist trend around the world is "very unfavorable" for South Korea, Chey said the country should come up with ways to expand its market s

LG Electronics said Monday it will unveil its next-generation transparent antenna that will enhance telecommunication for cars at the upcoming CES 2024, slated for January in Las Vegas. The film-type antenna has been designed in collaboration with a renowned French glass manufacturer Saint-Gobain Sekurit, and is available as an on-glass or in-glass solution, LG said. According to the company, the transparent antenna can be seamlessly integrated in car windshields or glass sunroofs, meaning carma

LG Innotek said Monday it has developed a wireless battery management system, or BMS, for electric vehicles that significantly improved battery performance. The BMS is an essential EV component that optimizes a battery’s performance and lifespan by monitoring battery voltage, electric current and temperature in real time. The wireless BMS has emerged as a key component for electric vehicles and autonomous vehicles since it does not require cables or connectors. The wireless feature makes E