[THE INVESTOR] Korean IT solutions firm SK Holdings C&C and German industrial giant Siemens have teamed up to develop technologies and business models for smart factory. In a memorandum of understanding signed on June 29, the two companies agreed to develop information and communications technologies that improve efficiency and lower costs at manufacturing factories. From left are SK C&C smart factory business chief Park Jong-tae, Siemens’ head of business development industrial automation OEM m

[THE INVESTOR] Uber’s cofounder and CEO Travis Kalanick has again asked a Seoul court to postpone a trial slated for June 29 over the company's illegal taxi-hailing service that was suspended here in 2014. The Uber chief was expected to appear at the Seoul Central District Court in southern Seoul after he was indicted on the charges. His legal represntative, the nation's top law firm Kim & Chang, had asked the court to designate a hearing date earlier this month. Established in 2009, Uber entere

The amount of payments made electronically continued to increase at a fast clip in the first quarter despite a drop in the number of payments made through such unconventional means, central bank data showed Tuesday.The daily average amount of electronic financial transactions came to some 300.3 billion won ($253.74 million) in the January-March period, up 8.6 percent from the previous quarter, according to the data from the Bank of Korea.The Q1 reading marks a slight deceleration from a 9.6 on-q

A clothes dryer manufactured by Korean tech giant Samsung Electronics Co. has received the best evaluation from a U.S. consumer magazine, beating those by foreign rivals, its publication showed Tuesday.Samsung's dryer, the DV22K6800E, clinched the top spot with 70 points out of 100 in the most recent review by Consumer Reports in the compact category. (Yonhap)U.S. rival General Electric's DCVH480EKWW came in second, followed by Bosch's WTG86402UC and Asko's T754CW, the magazine saidThe magazine

Korea ranked 14th among 134 countries in terms of mobile internet connectivity, a global association of mobile operators said on Tuesday.According to the Global System for Mobile Communications, Korea scored 80.7 out of 100 in four key areas of mobile internet connectivity --infrastructure, affordability, consumer readiness and content. (Yonhap)Australia topped the list, followed by the Netherlands, Denmark, Sweden, Norway, New Zealand, Finland, the United States, Iceland and the U.K., the assoc

Crowdfunding campaign to be held via Indiegogo on July 6

CEO Kim Myung-joong announces two-track strategy: holographic display in Korea, motion sensor lens in overseas markets

KT chairman Hang Chang-gyu speaks about the need for cooperation among global telecommunication companies to develop new technologies that contribute to human life during the U.N. Global Compact Leaders Summit 2016 in New York on Thursday. (Yonhap)

The global sales of ultra-high-definition TVs worldwide has exceeded those of full HD ones, an industry tracker said Friday.According to the data compiled by IHS, the market share of UHD TVs, also known as 4K TVs, jumped to 47.3 percent in the second quarter of this year from 42.1 percent in the previous quarter.In contrast, that of full HD TVs declined from 42.9 percent to 38.7 percent over the cited period. IHS predicted that the gap will further widen in the third quarter with UHD TVs expecte

Korean fashion giant Sungjoo Corp., which owns and runs German luxury bag brand MCM, on Friday said it will adopt the latest technology to create an innovative fashion code and lead the new luxury trend. "We will combine technology and fashion to create the new framework in the luxury market," Sungjoo Group said in the newly published book, titled "The Story of Sungjoo." Sungjoo Group is a fashion retail group that operates franchise stores for leading British retail group Marks & Spencer, Yves

Key word research platform that utilizes big data to be publically unveiled in July

Samsung Electronics Co.'s newest wearable fitness tracker went on sale in South Korea on Friday, featuring multiple functions like a "personal trainer."The Gear Fit 2 got off to a smooth start, drawing largely positive feedback from consumers and media. The sporty and stylish wrist band has an embedded GPS and improved sensors, making itself far smarter than the Gear Fit released in 2014, according to sources.It automatically detects the type of users' activities and provides them with tailored

[THE INVESTOR] South Korea’s Samsung Display was the world’s No. 1 in terms of organic light-emitting diode panel shipment in the first quarter, accounting for 97.7 percent of global shipments.Industry tracker IHS said Samsung Display shipped 88.75 million panels, followed by LG Display whose shipments accounted for 0.9 percent of the market. No. 3 player AUO of Taiwan had a 0.7 percent market share. Samsung Display has the capacity to produce 300 million displays a year. It is also the only man

[THE INVESTOR] The nation’s top telecom firms SK Telecom and KT are gearing up to compete in the field of next-generation network 5G.Korea’s leading mobile operator SK Telecom said on June 23 it has successfully developed 5G test equipment with Ericsson that will be applied to the world’s first 5G test network that is scheduled to be completed by the end of this year. “The upcoming demonstration will be a chance to show stable and sufficient support for up-and-coming 5G services,” said Park Jin-

[THE INVESTOR] The global organic light-emitting diode TV market may not be as robust as previously thought in the coming years, according to an industry report.Market research firm IHS forecast in its recent report that around 5.8 million units of OLED TVs will be shipped in 2020, down 32 percent from 8.5 million projected earlier this year.The number of OLED TVs expected to be shipped in 2019 has also decreased to 4 million, down from an estimate of 5.8 million in the previous report. Models p