Samsung Electronics, Korea’s tech manufacturing giant, said that its new flagship Galaxy S3 has hit the U.S. and Mexican markets this week.It held launching ceremonies and officially released the smartphone in the U.S. on June 20, and in Mexico on June 21, both on regional time, the company said in a press release.The company invited a number of guests in Mexico to its event held at the country’s stock exchange, while its U.S. guests included basketball players, Hollywood actresses and 500 consu

Rhythm & Hues in talks on possibility of setting up visual effects studio in KoreaVisual effects in cinema have come a long way, becoming an essential part of storytelling that helps make lasting impressions among movie-goers.As audience expectations to see eye-popping scenes and sequences in movies grow further, leading VFX studios such as U.S.-based Rhythm and Hues have to keep up to date with technology to meet such demand.Erika Burton, co-president of R&H, said that the emergence of cloud co

LG Electronics has formed a business alliance with foreign television makers in an effort to promote smart TVs worldwide.Korea’s second biggest consumer electronics company has forged partnerships with TP Vision, the Netherlands/Taiwanese TV maker, and Japan-based Sharp.The consortium, named the “Smart TV Alliance,” to be headed by LG Electronics executive Kwon Bong-suk, is the first of its kind in the global TV industry.“We expect this partnership to further boost the smart TV ecosystem, while

Group of six tech companies aims to boost mobile payment marketSK Planet, a Korean mobile platform operator, has formed a business alliance with six other Korean tech firms to boost the technology and use of near-field communication in Korea.The six, which each has its own technological specialization in NFC, are: SK C&C, Ubivelox, QnSolv, Mcom, Harex Infotech and AT Solution.The newly launched alliance is called “NFC Biz Partner Group,” noted SK Planet, which is a wholly owned subsidiary of SK

Samsung Electronics and its close rival Apple are dominating the global smartphone markets, accounting for more than a half of the share.The number of smartphones that hit the markets totaled 145 million in the first half of this year, according to data by ABI Research, a tech research firm.This is an increase of 41 percent from the same period a year ago.The Korean tech manufacturing giant enjoyed sales of 43 million Galaxy series phones in the first quarter, becoming the number one in the sect

Global Green Growth Institute and Brookings Institution, a U.S.-based think tank, are collaborating to help developing countries access key technologies that could boost their economic growth in an environmentally-friendly way. GGGI executive director Richard Samans said the two organizations aimed to create a “pillar” for international technology cooperation between developed and developing markets.“We are in the midst of identifying specific technology options or mechanisms, maybe more toward

Telecom giants have begun accepting reservation purchases for Samsung Electronics’ much-awaited flagship smartphone Galaxy S3.SK Telecom, Korea’s largest mobile carrier, said that it started promoting Samsung’s 3G and long-term evolution mobile handsets, taking pre-orders from 5,000 customers on a first-come, first-served basis on Tuesday morning.After about two and a half hours, the telecom company said that pre-orders for all of the 5,000 3G phones had ended, while Samsung’s LTE phone continue