Tech giant seeks to recruit researchers, incorporate Tizen into autonomous cars

LG SIGNATURE EXPERIENCE ZONE – LG Electronics said Wednesday it plans to increase the number of experience zones for its new premium appliance brand LG Signature to some 160 nationwide by the end of this year. LG Electronics

Information security solution company NPCore (CEO Han Seungchul) has recently upgraded its information security product “ZombieZERO,” giving it the capability to detect and root out ransomware*, a type of malicious software (malware). It also upgraded the mobile version of the product, which was launched last year. As a result, ZombieZERO is now a comprehensive information security product capable of protecting against a variety of malware threats, including data leakage, network disruptions, an

Local tech giant LG Electronics has teamed up with state-run Korea Water Resources Corp., better known as K-water, to develop floating solar power plants.Floating solar power plants produce electricity from solar panels that are placed on the surface of ponds or reservoirs. The plants are said to be 10 percent more energy-efficient than land-based solar power plants. LG Electronics’ energy business center chief Lee Sang-bong(right) and K-water president Choi Gye-woon pose at a memorandum of unde

Kakao, the operator of South Korea’s most-used mobile messenger, is likely to see its profits nosedive in the first quarter despite its aggressive moves to expand mobile and offline businesses, analyst reports said Tuesday. However, the company’s issuance of convertible bonds worth 250 billion won ($219 million) will clear the uncertainty over its funding needs, they said.Kakao’s net profit in the first quarter is expected to have plunged 45.3 percent year-on-year to 22.1 billion won, and operat

SAMSUNG ROTATING LAPTOP -- Samsung Electronics on Tuesday unveiled its Samsung Notebook 9 Spin, a laptop with a rotating touch screen display that also works like a tablet PC. (Samsung Electronics)

Korean scientists have developed a vessel made of the new material graphene that can bring about an important yet basic solution to tackling pollution-causing oil spills, they said Tuesday.A team of researchers from Seoul National University, led by the school's mechanical and aerospace engineering professor Kim Yong-hyup, devised the autonomous graphene vessel for suctioning and storing the liquid body of spilled oil.  Graphene (123RF)Graphene, a thin layer of pure carbon, is known as a wonder

The “big three” of the world’s virtual reality sector -- Oculus, HTC, and Sony -- will go head-to-head this year, according to market research firm Strategic Analytics.Worldwide sales of virtual reality headsets are expected to stand at $895 billion this year, of which the three VR firms will account for 77 percent. The report did not give details on the market share of each firm. The research firm, however, anticipated that the three brands will only make up 13 percent of the global shipment vo

Tech giant LG Electronics’ operating profit surged nearly 70 percent in the January-March period, according to its earnings guidance released Monday. The company said it posted 505 billion won ($441 million) in operating profit and 13. 4 trillion won in revenue, up 65.5 percent and down 4.5 percent, respectively, compared to the same period last year. LG Electronics CEO Jo Seong-jin attends a press conference in Seoul in March. (Yonhap)The operating profit beat previous market estimates in a ran

Samsung Electronics is hoping to have its own iPhone moment with its new stylish TV set called Serif TV. “This is the iPhone of TVs,” said a Samsung executive at the company’s TV business division. “We have long worked on a product that would have a similar appeal as iPhones. This is the product that will notch up our brand image,” he said on condition of anonymity.The Serif TV is the culmination of Samsung’s upscale push across its product lineup in recent years. Designed by renowned French des

Korean software developer Tmax said Monday it would roll out a new operating system for personal computers, called TmaxOS, in a bid to increase its presence in the PC OS market, which has long been dominated by Microsoft’s Windows.Deploying a set of Unix technology standards, TmaxOS boasts a high level of software security and a better user interface than any other PC OS available on the market, according to the firm.  The headquarters of TmaxSoft in Bundang, Gyeonggi Province (TmaxSoft)“A lot o

SAMSUNG’S NEW ROBOT VACUUM – Samsung Electronics on Monday unveiled its new robot vacuum cleaner Powerbot. The vacuum, priced at 1.59 million won, has double the suction power compared to its previous model, according to the company. (Samsung Electronics)

LG OLED LURES CHINA -- LG Display, one of Korea’s leading display-makers, won a top prize for innovative technology at the China Information Technology Expo 2016, an annual electronics fair, held in Shenzhen, China, last week. (LGD)

LG Electronics plans to issue its very first “earnings guidance” Monday, giving investors an early heads-up on its first quarter results slated to be out later this month. According to industry sources, the company will unveil its official prediction on revenue and operating profits for the January-March period after Monday’s local stock market close at 3 p.m. The Seoul-based firm is scheduled to make a full report at the end of April. Forecasts from Korea’s 20 brokerage houses have its Q1 reven

LG Electronics said Sunday it has developed the world’s first TV reception chip that allows streaming ultrahigh-definition content without a separate set-top box. The breakthrough comes as global broadcasters are bracing for the next-generation digital-based UHD terrestrial broadcasting that offers diverse additional services as well as boasting better picture quality.  The Korean government plans to start the broadcasting from February next year.  LG is a leading player in ROUTE, or real-time o