Samsung Electronics is logging sturdy business growth in the global markets, but is also facing equally increasing risks overseas causing top officials to become cautious, according to the industry on Monday. According to a report on sustainable growth released by Samsung on Monday, the tech titan raised nearly 90 percent of its total sales outside of the country last year, continuing to expanding its global presence. The South Korean firm raised 208 trillion won ($188 billion) in overseas marke

BUNDANG, Gyeonggi Province – An auction for frequency spectrums for the upcoming fifth-generation telecom services kicked off on Friday at the heavily guarded headquarters of Telecommunications Technology Association in Bundang, Gyeonggi Province, with participation from executives of the country’s three mobile carriers determined to secure high-quality and efficient frequencies. At around 8:15 a.m., KT’s senior vice president Kim Soon-yong appeared in the lobby of the TTA building vowing to sec

Samsung NEXT, which focuses on entrepreneurs based in Mountain View, California, said Thursday it has launched a new fund to help enable startups with early-stage artificial intelligence technologies to develop their capabilities further. Q Fund will provide Seed and Series A financing to startups solving AI problems, as well as those using AI to solve computer science problems. Differing from traditional venture capital approaches, Q Fund will have the flexibility to invest in non-obvious, forw

Samsung Electronics said Thursday it will expand production and usage of renewable energy at its workplaces in South Korea and a further plan for global expansion by 2020 as part of its ongoing efforts to demonstrate its commitment to environmental responsibility. In Korea, the tech titan will install approximately 42,000 square meters of solar panels in its headquarters dubbed “Samsung Digital City” in Suwon this year. The company will add about 21,000 square meters of solar arrays and geotherm

The Galaxy Note 9, another premium flagship product by South Korean tech titan Samsung Electronics, is likely to be unveiled on Aug. 9, two weeks earlier than its eighth edition, with some changes in its exterior, according to the industry on Wednesday. Amid the circulating rumors about the upcoming Samsung phone’s debut in early August, an industry source told The Korea Herald that Aug. 9 is a likely date for the ninth edition of the Galaxy Note series. Some other rumors said the unpacked event

MakinaRocks, a fresh startup spun out from South Korea’s No.1 mobile carrier SK Telecom, has a bold ambition as its name: To shake the manufacturing world with machine intelligence.  “We are applying artificial intelligence to the high-tech manufacturing sector with a mission to make manufacturing more productive by harnessing the power of data and AI,” Andre. S. Yoon, a co-founder of MakinaRocks told The Korea Herald on Tuesday.   Among many in the broad manufacturing industry, the Korean start

LG Innotek, an electric parts manufacturing subsidiary of LG Electronics, said Tuesday it has completed a facility for mass production of nanometer-class thermoelectric chips for a variety of applications from home appliances to vehicles and vessels. The company has established a production line for the product in Gumi, North Gyeongsang Province, and will embark on mass production next year, it said. Thermoelectric chips are known as innovative semiconductors that produce power by heating and co

Mobile carrier SK Telecom said Monday it invested 10 billion won ($9.3 million) in MakeUs, a mobile media company, as part of efforts to strengthen its music platform business. MakeUs is a startup that creates mobile content about topics ranging from music, food and traveling to beauty, for Facebook and YouTube. It is followed by more than 330 million users on social network sites. The firm runs a music channel called “Dingo Music” which is gaining popularity for providing music videos adjusted

South Korean tech titan Samsung Electronics is accelerating its research and development efforts on artificial intelligence capabilities abroad by hiring renowned experts and top talents, according to the industry on Friday. At three newly opened AI centers in Toronto, Cambridge, England, and Moscow last month, efforts are being made to secure top talents from the AI field to help lead the centers. In Toronto, the new center led by Larry Heck, senior vice president of Samsung Research America, i

A war has begun worldwide on plastics.For decades, polymers have been used to make human lives easy and more hygienic, but with single-use plastic items being blamed for killing species on the ocean and threatening ecosystems, global initiatives have been launched since last year by the United Nations to curb their use. But South Korea, one of the biggest producers and consumers of plastics in the world, has taken a little interest in curbing plastic pollution. Leaders have been pointing out a l

GEUMSAM, South Chungcheong Province -- On a vast landmass of around 61,000 square meters in Geumsan County in South Chungcheong Province, a total of 45 satellite antennas have been erected to communicate with five KT SAT-owned satellites revolving in an orbit. These antennas are there to enable 510 vessels in waters and 333 aircraft flying over the sky to stay connected with onshore areas, providing secured communications and remote management and control of the ships and flights. Established in

Samsung Electronics on Wednesday announced the official launch of the first micro LED display for industrial use at a trade show in the US, commercializing the next-generation display technology. Named “The Wall Professional,” the micro LED signage display is the first modular type bezel-less display whose size can be adjusted by users for different purposes. Micro LED panels, which feature miniature light-emitting diode arrays, come with smaller, brighter modules and improved response speed com

KT Chairman Hwang Chang-gyu introduced the mobile carrier’s information and communication technology solutions for Boracay, a small island in the Philippines, suggesting turning the tourist island into a “smart” one in a meeting with Philippine government officials, the company said Wednesday. In a meeting with acting Minister Eliseo Mijares Rio Jr. of the Department of Information and Communications Technology, incoming ICT Minister Gregorio Honasan and Jonas R. Leones, vice minister for enviro

Samsung Electronics recently appointed David Eun, president of Samsung NEXT, as the tech giant’s first chief innovation officer, according to the industry on Tuesday. The latest appointment and creation of the new position are seen by the industry as a sign of aggressive investments in startups and new businesses under the leadership of heir apparent Lee Jae-yong. Harvard graduate Eun joined Samsung in 2011 after working at Google. In late 2012, he was tapped to head Silicon Valley-based Samsung

Samsung Electronics scouted two renowned experts on artificial intelligence from the United States in a move to strengthen its AI capabilities, the tech giant said Monday. The company announced it is adding H. Sebastian Seung, professor at the Neuroscience Institute and Department of Computer Science at Princeton University, and Daniel D. Lee, chair professor at the School of Engineering and Applied Science at the University of Pennsylvania, to its AI Center under Samsung Research. Seung and Lee