South Korea's top tech firm Samsung Electronics Co. said Friday it has agreed with China's credit card operator UnionPay Co. to cooperate in promoting its new mobile payment system in the Chinese market.Under the deal, the two firms will aim to release Samsung Pay in the first half of 2016.Samsung Pay supports magnetic secure transmission technology that works on traditional credit card machines. Like rivals Apple Pay and Android Pay, it also supports near field communication technology that req

LG Group chairman Koo Bon-moo on Thursday paid a visit to the construction site of the group’s new research and development complex LG Science Park in Magok, western Seoul. LG last year announced a plan to build a 4 trillion won ($3.4 billion) science park on a 170,000-square-meter site in the emerging tech district located a five-minute drive from Gimpo International Airport.  LG Group chairman Koo Bon-moo (center) looks around the construction site of the LG Science Park in Magok, western Seou

Tech behemoth LG Electronics said Thursday it would run its first TV marketing campaign during the 2016 Super Bowl to be held in Santa Clara, California, in February next year.The Seoul-based tech giant has joined hands with movie director Ridley Scott’s production company RSA Films to produce the TV commercial to promote the firm’s organic light-emitting diode TV technology. Film directors Ridley Scott and Jake Scott pose at a production studio for LG Electronics` Super Bowl commercial. (LGE)So

Targeting the growing number of foreign residents in Korea, wireless carrier SK Telecom launched a new mobile plan for foreigners Thursday.SKT’s new mobile scheme, dubbed the Band Data Global Pack, allows foreign subscribers to make unlimited domestic calls to both mobile and landline phones as well as free international calls -- for either 150 minutes or 400 minutes -- with mobile apps for international calling, including SK Freecall, OTO and NINHAO.  An SK Telecom employee and a foreign custom

NexSys specializes in IoT-based wearable devices, and based on the potential of its LTE-based image solution technology, the young company was chosen to join the startup incubation program at the Gyeonggi Center for Creative Economy & Innovation last October.The first product launched by NexSys is the “Smart Helmet,” which is a helmet equipped with an HD camera on the front that transmits image data via the LTE network. The transmitted image is then analyzed by a control center and stored on a s

Health care start-ups need successful role model for regulations, funding to improve: Neofect CEO

  SAMSUNG RECOGNIZED FOR EXCELLENCE IN DESIGN -- Samsung Electronics said Wednesday its high-end SUHD TV 82S9W lineup has won the highest presidential award at the Good Design Selection 2015, a design award in Korea. The tech firm’s eight other products got awards, including the Chef Collection fridge RV8000, and the smart UX apps and widgets for the Galaxy S6 Edge Avengers Special Edition. (Samsung)

SAMSUNG RECOGNIZED FOR EXCELLENCE IN DESIGN -- Samsung Electronics said Wednesday its high-end SUHD TV 82S9W lineup has won the highest presidential award at the Good Design Selection 2015, a design award in Korea. The tech firm’s eight other products got awards, including the Chef Collection fridge RV8000, and the smart UX apps and widgets for the Galaxy S6 Edge Avengers Special Edition. (Samsung) SAMSUNG RECOGNIZED FOR EXCELLENCE IN DESIGN -- Samsung Electronics said Wednesday its high-end SUH

Tony Seba, a lecturer in entrepreneurship at Stanford University, paid a visit to the battery manufacturing campus of Samsung SDI in Cheonan, South Chungcheong Province on Tuesday.The Stanford University lecturer who teaches entrepreneurship, disruption and clean energy is also the author of “Clean Disruption of Energy and Transportation,” in which he claims that electric cars coupled with the advancement of energy technology will cause a paradigm shift in the automotive sector. Tony Seba, a lec

Mobile messenger Kakao has made strides in its taxi-hailing business as the number of requests for KakaoTaxi crossed 50 million as of Sunday, the firm said Wednesday. 　Demand for the taxi-hailing app has boomed since its launch in March, seeing 1 million ride requests in less than two months. 　The number of taxis registered for the KakaoTaxi service has also been on the rise, with more than 190,000, or around 70 percent of all taxis nationwide, now partnering with Kakao.(KakaoTaxi)　“Even though

Battery-maker LG Chem said Wednesday that it has inked a deal with the world’s largest energy storage system company AES Energy to supply its lithium-ion battery modules. The ESS is considered a lucrative business and the battery units of Samsung and LG groups are fiercely seeking to gain an upper hand in the global market. LG Chem’s battery module for the energy storage system. (LG Chem)LG’s latest supply deal is the biggest of its kind in terms of its scale. The maximum battery capacity, accor

Samsung Electronics on Wednesday started its annual global strategy meeting, with some 600 executives and heads of regional operations around the world in attendance. Samsung Electronics vice chairman Lee Jae-yong is also scheduled to join the meeting --the first this year. The one planned in the first half of this year was canceled due to the outbreak of Middle East respiratory syndrome.  The mobile and home appliance divisions are holding a three-day meeting through Friday at the Suwon campus

Automotive technologies to take center stage at world’s largest electronics show