KT Corp., struggling to regain momentum amid a rapidly saturating mobile market, on Friday signed up with Lyon to export its smart technology to the French city."It is a great opportunity for us to reinforce our European presence by starting collaboration with metropolises. The deal with Lyon is a starting point for our smart city strategy," said Bahk Jun-sick who leads KT Global Business Unit.Earlier, KT held a meeting with the Lyon mayor Gerard Collomb at its Gwanghwamun headquarters to sign a

Chinese panel maker BOE Technology Group Co. emerged as the world’s No. 1 player in the smaller LCD market in the first quarter on the back of strong demand for cheaper panels, data showed Wednesday.China’s biggest panel maker shipped 56.35 million liquid crystal display panels that are 9.1 inches or smaller in the January-March period, according to the data compiled by research firm DisplaySearch.The first-quarter figure is up 98 percent from a year earlier, the data showed.It marks the first t

The number of South Korean venture firms with annual sales exceeding 100 billion won ($89 million) jumped 9.2 percent in 2012 from a year earlier, data showed Tuesday.The data compiled by the Small and Medium Business Administration and the Korea Venture Business Association showed that 416 out of 63,314 venture firms saw their annual sales surpass 100 billion won in 2012, compared with 381 companies in 2011.The figure represents a 433 percent increase from 2005 when sales of only 78 venture fir

The Bluetooth Special Interest Group, a nonprofit private association responsible for overseeing and licensing Bluetooth technologies, announced Wednesday that it has appointed LG Electronics’ chief research engineer Lee Min-soo to the group’s board.The Bluetooth SIG board of directors is comprised of 11 members from a diverse group of industry-leading companies such as Apple, Intel, Microsoft, Toshiba and Nokia.According to the organization, the appointment of Lee is expected to bolster the exp

Samsung Electronics’ newly upgraded application processor chips for the upcoming iPhone 7 are expected to boost the phone’s efficiency by at least 30 percent, sources said Monday.“The iPhone 7 will become much, much faster, by up to 30 percent,” said one source, declining to be identified.The new chips, to be supplied starting 2015, are equipped with 14-nanometer process technology, which in theory has double the efficiency of the current 28nm chips that Samsung supplies to Apple.In December las

As the competition in the global smartphone market continues to heat up, LG Electronics expects that it will continue the momentum shown earlier this year with the release of its latest model G2. This year, the world’s third-largest smartphone maker sold more than 10 million smartphones worldwide for the second consecutive quarter for the first time. And the G2 is expected to give the company an extra sales boost for the second half of the year, according to company officials on Friday.“We’ve re

Korea’s leading IT solution provider LG N-Sys and world’s top computer chipmaker Intel have come together to create Korea’s largest supercomputer infrastructure for developing computer graphic visual content, especially for motion pictures.Dexter Digital ― Korea’s leading visual effects film producer ― together with LG N-Sys and Intel Korea on Thursday held a media event to showcase the technology behind its latest production “Mr. Go,” which had been made possible by the new technology. Making t