The global market for Ultra HD TVs is set to lead the global TV industry throughout 2016, data showed Thursday, beating its full HD rivals in market share for the first time. According to the data compiled by industry tracker IHS, UHD TVs are expected to take up 49 percent of global TV sales this year, hovering far above the 36.6 percent estimated for full HD models. LG Electronics' UHD TVs UHD TVs, often referred to as 4K TVs, boast a resolution of 3,840×2,160, while their full HD counterparts

The Dutch Consumentenbond, the largest consumer advocacy group in the Netherlands, has filed a lawsuit against Samsung Electronics, accusing the Korean tech giant of having delayed software updates for its Android smartphones. The group had been in talks with Samsung about the issue, but no positive outcome was reached, they said. “We saw no other option but to file suit,” the group said in a statement Monday. Citing its own research, the group said that 82 percent of Samsung phones sold in the

Infrastructure obstacles create opportunity for innovative solutions

Although many people talk about big data these days only a few truly understand its potential and actively make use of the related technologies in their businesses, due largely to expensive costs to build and manage infrastructure.Businesses that have swiftly adopted the emerging technology often pose a formidable challenge to leading market players.Video-streaming platform Netflix is a great exemplar as it has successfully integrated big data systems in its streaming services to meticulously an

Samsung Electronics has started a large-scale inspection into its contract chip business division that recorded almost 1 trillion won (820 million) loss in 2014, The Herald Business reported Wednesday. The System LSI division, part of the semiconductor unit, produces non-memory chips for mobile application processors, image sensors for cameras and TV displays.Samsung’s System LSI division chief and president Kim Ki-namAccording to the report, the inspection aims to look into the division’s inves

In the world of ideas, South Korea is king.Germany, Sweden, Japan and Switzerland rounded out the top five in the 2016 Bloomberg Innovation Index, which scored economies using factors including research and development spending and concentration of high-tech public companies.South Korea notched top scores worldwide for manufacturing value-added as well as for tertiary efficiency ― a measure that includes enrollment in higher education and the concentration of science and engineering graduates. W

Korea’s leading smartphone camera module-maker LG Innotek said Tuesday that it would focus on electronic components and materials in a bid to seek new growth engines.The company said it plans to rake in 200 billion won ($166 million) in revenue in the business in the next three years.LG Innotek CEO Park Jong-seok. (LG Innotek)Outlining its mid- and long-term plans, the company also said it would jump in the businesses for the metal power inductor, which helps prevent abrupt changes in electric c

Oracle vows to support partners in journey toward cloud

Uber, the U.S. taxi-hailing app operator, said Tuesday it was officially launching its luxury sedan service Uber Black in Korea.  Uber Black drivers pose with Kia’s K9 luxury sedans. Uber KoreaThe premium taxi service teams up with veteran taxi drivers with five or more years of taxi driving experience without an accident or one or more years of deluxe taxi driving experience without an accident. Uber will provide its own service training to drivers on how to offer services that meet Uber Black’

Samsung Group held a luxurious banquet to celebrate some 400 newly minted executives and their spouses at the Samsung-affiliated Hotel Shilla in Seoul on Monday.  Lee Seo-hyun, fashion business president of Samsung C&T, walks at the entrance Monday of Hotel Shilla in Jangchung-dong, Seoul. (Yonhap)The event is part of a five-day training program for the year’s new executives. Samsung promoted 197 executives in a December reshuffle, the lowest figure from 167 in 2009. Samsung Electronics vice cha

SK Planet, the operator of e-commerce platform 11st, said Monday that it has joined hands with ZMI, an affiliate of Chinese budget smartphone-maker Xiaomi.Some of the Xiaomi affiliate’s flagship products, including portable smartphone batteries, LED lights and electric fans, will be distributed by the Korean partner here. The move came amid heated competition to launch Xiaomi’s products, considered affordable while having comparable specifications, in the Korean market. 　Lee Chi-hun, the head of

Samsung Electronics, China cited as common interests in partnership