Samsung’s all-in-one bioprocessorSamsung Electronics said Tuesday it has started mass-producing the world’s first all-in-one bioprocessor that collects and analyzes biological information such as heart rate and body fat in a single chip. In recent years, global device-makers have been piling into the soaring health care device market, but most of their fitness trackers have not gone much beyond heart rate or sleep quality monitors. With the unprecedented one chip solution, Samsung said it aims t

Korea’s third-largest electronics-maker Dongbu Daewoo Electronics said Tuesday that it had named Park Kwang-ho as the new chief executive of its subsidiary and after-sales service company Dongbu Daewoo Electronics Service.The incoming CEO served as the president of pesticide and fertilizer business Dongbu Farm Hannong in 2014 and led express bus operator Dongbu Express as president in 2013. Park Kwang-ho (Dongbu Daewoo Electronics Service)The CEO, who holds a bachelor’s degree in Economics from

Tech giant puts focus on component tech to lead home appliance market

With the launch date of Samsung Electronics’ Galaxy S7 nearing, market speculation is rampant about the looks and specifications of the latest smartphone model.A local media outlet reported Monday that Samsung’s new Galaxy smartphone will come in two variants -- one equipped with a 5.2-inch display and the other with a 5.5.-inch curved display.Samsung’s move for the next flagship handset is aimed at beating its archrival Apple, which has also deployed a two-track strategy by releasing two produc

In a bid to brace for cutthroat competition with global media content platform companies including Netflix, mobile carrier SK Telecom has been trying to beef up its capabilities in the media segment through mergers and acquisitions.SKT, which wholly owns Internet Protocol TV operator SK Broadband, announced earlier this year that it would take over CJ Hellovision, the No. 1 cable TV firm in Korea.Following the planned acquisition of the CJ Group affiliate, the mobile carrier will merge the two e

South Korea’s antitrust watchdog on Sunday said that the recent merger of Samsung affiliates has tightened cross-shareholdings among group companies, ordering its battery unit to reduce its stake in the holding company. “The number of cross-shareholding links may have been reduced to seven from 10 following the merger of Samsung C&T with Cheil Industries (on Sept. 1),” the Fair Trade Commission said in a statement. “But we have found the ties have been further strengthened.”The current antitrust

 

Apple, Google phones dominate online sales; Huawei fast catching up

Jeff ImmeltLet’s finally end the debate over whether or not we are in a “tech bubble.”There has been talk of a bubble going back to 2011 and it continues to rage today.I believe that this is shortsighted and rooted in the belief that at some point the tech industry must undergo the same unfortunate “burst” as in 2000.This line of thinking ignores the immense value that digital technologies have already created in the consumer world: the “app economy” alone is worth an estimated $300 billion.More

Kakao, operator of Korea’s most-used mobile messenger KakaoTalk, said Thursday two of its game subsidiaries ― Daum Games and Nzin ― will be merged next year, in a bid to beef up its sluggish game businesses.The board members of Nzin and Daum Games agreed Wednesday to merge the two companies. The process will be completed after an extraordinary shareholders meeting in February next year, according to Kakao. Nzin CEO Namkoong Whon (Kakao)“Kakao expects that the merger will create synergy for growt

Companies need to find ‘chaebol bypass’ to reach consumer, says Storm Ventures investor