South Korea’s top display-maker LG Display said Monday it would invest 10 trillion won ($8.5 billion) in OLED production by 2018, pledging a strategic shift to focus on the still nascent but lucrative display technology.The new investment plan was announced as part of the 20th anniversary of its LCD production at its plant in Paju, Gyeonggi Province. During the ceremony, LG Display CEO Han Sang-beom hinted at pouring considerable resources into OLED in the coming years, pinpointing the latest di

South Korea’s largest conglomerate, Samsung Group, said Monday it would create about 30,000 new jobs for young workers over the next two years.For this, Samsung will make investments worth around 100 billion won ($84.5 million) to provide vocational and educational opportunities, the officials said. Samsung Group`s headquarters in Seoul. (Yonhap)Samsung’s move is in line with the government’s efforts to improve the youth job market.“Samsung will fulfill its responsibility to society by contribut

South Korea’s leading fingerprint scanner maker CrucialTec said Monday that its fingerprint module business would continue to gain traction during the rest of this year thanks mainly to the burgeoning Chinese biometrics market. The Pangyo-headquartered firm said in its regulatory filing it would rake in around 285 billion won ($240 million) in revenue in the latter half of this year, up 280 percent compared to the same period last year. CrucialTec CEO Charles Ahn poses with fingerprint modules a

LG EYES MIDDLE EAST MARKET -- South Korean tech giant LG Electronics said Monday it would step up its marketing efforts, targeting the high-end segment of the Middle Eastern market. The company has recently opened a premium retail store in Jordan following those in Iran and Lebanon, which were launched in the first half this year. (LGE) LG EYES MIDDLE EAST MARKET -- South Korean tech giant LG Electronics said Monday it would step up its marketing efforts, targeting the high-end segment of the Mi

KT RUNS PROMOTION FOR NEW GALAXYS -- South Korea’s leading mobile carrier KT launches experience zones for Samsung Electronics’ new phablets -- Galaxy Note 5 and Galaxy S6 Edge Plus -- at its retail stores across the nation on Monday. (KT)

Deregulation, reform of law in tech sector required for further growth

NEW YORK -- It’s clear that the success of Samsung’s latest smartphone and phablet will be a crucial test for Lee Jae-yong, the heir to Korea’s largest conglomerate and vice chairman of Samsung Electronics.And it’ll certainly be a tough challenge, given the hugely saturated nature of today’s smartphone market that has competition cropping up at every bend in the road.“Samsung definitely has a huge presence, all over the U.S. and in the world,” said one participant at last week’s Samsung Unpacked

Samsung Electronics Co. plans to launch its two new phablets in South Korea this week to coincide with the commercial start of a mobile payment service on its home turf, a company executive said Saturday.Samsung, the world's largest smartphone maker, showcased the Galaxy Note 5 and Galaxy S6 Edge+ phablets, or a combination of a smartphone and a tablet PC, in New York on Friday as part of efforts to galvanize its mobile business."The release of the phablets in South Korea is scheduled for Thursd

South Korea's top tech giant Samsung Electronics Co. showcased two new phablets on Thursday in the United States, with one being the larger edition of the Galaxy S6 Edge that curves on both sides, in its latest bid to revitalize its mobile business. JK Shin, president and CEO of Samsung Electronics holds the Samsung Galaxy S6 Edge+ (left) and the Samsung Galaxy Note 5 during a presentation, Thursday at Lincoln Center in New York. (AP-Yonhap)Dubbed the Galaxy Note 5 and the Galaxy S6 Edge+, the p

SAMSUNG SUPPORTS ENGINEERS -- Tech giant Samsung Electronics serves as a major sponsor for the 43rd WorldSkills Competition, which is held from Tuesday through Sunday in Sao Paulo, Brazil. The biannual event is aimed at recognizing skilled technicians and engineers around the world. (Samsung) SAMSUNG SUPPORTS ENGINEERS -- Tech giant Samsung Electronics serves as a major sponsor for the 43rd WorldSkills Competition, which is held from Tuesday through Sunday in Sao Paulo, Brazil. The biannual even

U.S. BIG DATA FIRM NAMES NEW EXEC -- U.S. cloud-based big data solution developer Treasure Data said Thursday that it has named Stephen Lee, a Korean-American who used to work for Samsung Electronics and Microsoft, as a vice president of the firm’s business development division. (Treasure Data)

　Leading IT solutions developer SAP Korea said Thursday it would step up efforts to develop systems that can bring positive changes to sports and health care industries.　Holding the “Hyper Connected Healthcare Conference in Seoul,” the company offered visions to deploy big data and cloud technologies in the two sectors.　“The advancement in Internet of Things technologies has brought innovations in multiple industries and fields,” said Hyoung Won-joon, managing director of the Korean office of SA

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