Samsung Electronics said Sunday that it has retained its top market share position in the microwave market in Europe for the ninth consecutive year. According to market research firm Euromonitor, Samsung Electronics ranked No. 1 with a market share of 15.3 percent in the microwave segment across 19 European countries surveyed last year. The company targeted the market by offering premium materi...

Korean rivals up ante to renew competition in burgeoning robot cleaner market

LG Display has started talks to sell off its last liquid crystal display manufacturing plant in China in an apparent move to focus on consolidating its leadership in the more advanced organic light-emitting diode display market. According to industry sources on Thursday, LG Display is discussing the issue with Korea’s Ministry of Trade, Industry and Energy as a pricey display plant is considered...

Korea, home to Samsung, SK, forecast to take up 19% of global production, becoming No. 2 after China

Takeshi Idezawa, CEO of the Tokyo-based LY Corp., the operator of the messaging app Line, said Wednesday that the company has requested its key shareholder Naver to sell stakes in an apparent move to cut the Korean firm’s control over its management. The decision comes as Naver is under growing pressure from the Japanese government to shed its ownership in Line, the popular app the Korean firm h...

Korean chipmakers dominating HBM market are skeptical about China catching up

It's 'now or never' if Korean firms are to secure leadership in AI chip industry, experts warn

LG CNS said Tuesday it will host a contest that targets talented individuals in the field of mathematical optimization for bundle deliveries. Co-organized with the Korean Institute of Industrial Engineers, Optimization Grand Challenge 2024 aims to nurture exceptional talents in mathematical optimization and foster broader social interest in the field. Mathematical optimization involves finding ...

Samsung SDI said Monday that it is showcasing its latest battery products, including cylindrical batteries, at this week’s China Cycle 2024, one of the largest bicycle and motorcycle exhibitions that is marking its 32nd year. The four-day event kicked off Sunday in Shanghai, with some 1,700 businesses joining, up 40 percent from a year ago. Under the slogan “Already, All Ready,” Samsung SDI int...

Korean tech giant Samsung Electronics made a mockery of its rival Apple on social media last week, after some iPhone users came forward complaining that their alarms had failed to go off. In a post on Instagram, Samsung UK shared a dog meme alongside text that reads "Rest assured our alarms go off.” It also wrote, “Samsung users woke up on time today.” According to industry sources, some iPhone...

Chey Tae-won says backpedaling on green initiatives will carry costly consequences

Naver logs all-time high quarterly sales in Q1 thanks to growth in search platform, e-commerce and cloud services

Korea’s antitrust regulator has approved IT giant Kakao’s acquisition of a 39.87 percent stake in SM Entertainment, the K-pop agency behind EXO, aespa and NCT, contingent upon the implementation of corrective measures. The Fair Trade Commission said Thursday that it imposed two forms of corrective measures to address concerns that the merger of Kakao, a major IT company that owns both the music ...

Key supplier for Nvidia dismisses oversupply concerns, citing order-driven production

LG Uplus, one of the nation's top telecom carriers, said Wednesday it plans to build a large-scale data center in response to the growing demand for such facilities, largely driven by the widespread adoption of artificial intelligence and cloud servers across industries. To build the new data center, the company is set to acquire land and buildings located in Paju, Gyeonggi Province, from LG Dis...