Tech firm to launch e-commerce website for smart devices

Samsung Electronics, the world’s largest TV maker, appears to be skeptical about producing its own version of organic light-emitting diode display TVs largely due to the nascent market. Its sister firm Samsung Display CEO Park Dong-gun on Wednesday reaffirmed that the company was working on larger OLED but had no immediate plans to produce the panels.  Samsung’s latest SUHD TV with a quantum dot display“We do not think larger OLED has enough potential although it is attracting a lot of attention

Korea’s leading display manufacturer LG Display said Thursday that it would invest in building a new production line for organic light-emitting diodes for lighting products. LG Group’s display business arm said the new production line for its fifth-generation OLED panel, a square sheet measuring 100 cm by 120 cm, will boast production capacity that is 30 times higher than an existing line for OLED panels that are 100 cm by 100 cm.  LG Display’s OLED lightsThe new OLED facility, to be built in Gu

Preorders for Samsung Electronics’ latest flagship smartphone Galaxy S7 and its Edge variant have exceeded the 10 million mark in China over the past week, SamMobile, an online website specializing in Samsung news, said Thursday. According to SamMobile China, the figure is expected to reach some 15 million on Friday when the week-long preorder period ends.  Samsung Galaxy S7 (Yonhap)Samsung started receiving preorders for its latest phones from March 11 through eight retailers in China. JD.com,

SKT RELEASES STANDALONE SMARTWATCH -- Mobile carrier SK Telecom released a budget standalone smartwatch, dubbed Luna Watch, featuring 1 gigabyte of RAM, a 1.6-inch (4-centimeter) display and a 350mAh battery in Seoul on Thursday. The smartwatch, priced at 198,000 won ($169), is the latest product of the firm’s Luna brand, which includes budget smartphones. (SKT)

SAMSUNG GEAR IN STYLE -- Samsung Electronics unveiled a limited edition of the Gear S2 smartwatch at the ongoing Baselworld watch and jewelry trade show in Switzerland on Wednesday. The limited smartwatch model, a collaborative work with luxury jewelry brand de GRISOGONO, is decorated with more than 100 black and white diamonds on the side rim of its screen and features a high-end leather strap. (Samsung)

SAMSUNG GEAR S2 BY DE GRISOGONO – Samsung Electronics on Wednesday unveiled the Galaxy Gear S2 by de Grisogono, a limited-edition timepiece in collaboration with Swiss luxury jeweler de Grisogno, at the Baselworld fair. The smartwatch comes with de Grisogno’s signature bold leather band, while its face is covered with more than 100 black and white diamonds. (Samsung Electronics)

IBM, Google boast AI leadership in Seoul

LG RELEASES NEW OLED TV -- LG Electronics said Wednesday that it has released new organic light-emitting diode TV products -- a 55-inch curved-display ultra OLED TV, dubbed C6, and 55-inch flat screen ultra OLED TVs, B6 and E6. (LGE)

Sharp shares fell in Tokyo as Foxconn Technology Group is said to delay finalizing a takeover agreement amid questions over the Japanese electronics maker’s performance in the current quarter.Foxconn, which agreed to pay more than 600 billion yen ($5.3 billion) for control of Sharp, has asked the Osaka-based company and its auditor for the latest financial results, said people with knowledge of the matter, who asked not to be identified because the matter is private. Sharp dropped as much as 11

Sony said its virtual reality headset, the Playstation VR, will go on sale in October for $399 -- significantly less than the $600 Oculus Rift or the $800 Vive made by HTC and Valve. The lower price further cements a prediction already held by game developers and analysts: While Sony’s rivals have inspired greater excitement, more people will actually buy the Playstation headset, at least in the short term. Sony’s Playstation VR headsetWith the full details of all the major VR headsets now publi

PLAY IT COOL – Samsung Electronics participates in Mostra Convegno Expocomfort 2016, an international exhibition in the heating and air-conditioning sectors that kicked off in Milan, Italy, Tuesday. (Samsung Electronics)

LG CNS, an information technology solutions unit of LG Group, said Wednesday it has won a new deal in Malaysia to build a bus management system in Penang, the country’s third largest city. The 20 billion won ($16 million) project aims to incorporate the company’s own fleet management and auto fare collection solutions into some 400 buses that will start operating in August 2017. LG CNS has been expanding its presence in Malaysia with its smart transportation solutions. The company has participat

Historic Go match shows technological advances in AI research

Korea’s No. 2 telecom carrier KT said Tuesday that KDB Infra IP Capital Fund, an investment arm of KDB Financial Group, has decided to invest 10 billion won ($8.4 million) into its video coding technology patent. KT has been trying to obtain patents for telecommunications and next-generation media technologies in recent years. The latest funding will be made for the company’s highly efficient video coding technology, called H.265, which is used for data transmission for IPTV and mobile services.