South Korea’s LG Electronics will invest $3 million to acquire an about 5 percent stake in US-based Bossa Nova Robotics, as part of efforts to accelerate its new robot business, according to sources Tuesday.An industry source told The Korea Herald that the Korean tech giant is going to make the investment this week to own the 5 percent stake in the San Francisco-based commercial robot developer, in a move that would expand the company’s current robot development portfolio. It will mark LG’s thir

삼성전자 이재용 부회장이 3일간의 중국 선전 출장 후 4일 오후 오사카에 도착했다. 이 부회장의 중국 출장에 동행했던 김기남 디바이스 솔루션 부문장 사장, 이동훈 삼성디스플레이 사장 등은 같은 날 오후 김포공항을 통해 귀국했다.코리아헤럴드가 확인한 바에 따르면 이 부회장은 오사카에서 일본 재계인사들이 참석하는 신춘인사회에 참석할 것으로 예상된다.중국 출장 중인 삼성전자 이재용 부회장이 현지 스마트폰 매장을 직접 찾은 것으로 4일 알려졌다. 사진은 이 부회장이 지난 3일 DS(디바이스 솔루션) 부문장인 김기남 대표이사 사장 등과 함께 광둥(廣東)성 선전(深천<土+川>)의 한 전자기기 매장을 방문, 둘러보는 모습. ［웨이보 제공=연합뉴스］이 부회장은 2일 김기남 디바이스 솔루션 부문장, 진교영 메모리사업부장, 강인엽 시스템LSI 사업부장, 이동훈 삼성디스플레이 대표이사 등 반도체·디스플레이 사장단을 대거 동행해 ‘중국의 실리콘밸리’로 불리는 광둥성 선전 경제특구 방문을 위해 출국했다.

David Eun, president of Samsung Next, an innovation arm of Samsung Electronics, has been included on a list of 100 influential Asian-Americans. The list was announced Tuesday by Gold House -- a new nonprofit seeking to support Asian-Americans in business and culture -- to celebrate the 50th anniversary of the first recognized usage of the term “Asian-American.” Eun was included on the list along with Jensen Huang of Taiwanese descent, co-founder and CEO of graphics processor Nvidia, and Satya Na

Samsung Electronics heir and Vice Chairman Lee Jae-yong headed to Osaka, Japan on Friday after a three-day trip to Shenzhen, China, as confirmed by The Korea Herald. While some industry officials forecast that Lee would hold meetings with Japanese business partners in Osaka as apart of annual greetings, the heir is also expected to take a short respite after his business trip to China, on which he was accompanied by the top officials of Samsung’s semiconductor business to seek new growth opportu

South Korea will hold an auction for frequencies that will be used for the fifth-generation network on June 15, the Ministry of Science and ICT announced Thursday. The ministry will receive bids from mobile carriers starting Friday through June 4, and hold the auction on the decided day. Through a public hearing on prices of 5G frequencies held last month, the ministry set the opening price for the auction of high-end frequencies -- 28 blocks (280 megahertz) in the 3.5-gigahertz spectrum and 24

LG Electronics is focusing on a low price strategy for the company’s latest flagship G7 ThinQ model, while promising better quality, according to its mobile chief at a press conference in Seoul on Thursday. “Our major focus is to provide better quality phones at lower prices,” said Hwang Jeong-hwan, vice president and head of the mobile communications business, after unveiling the G7 ThinQ. The new smartphone features artificial intelligence functions aimed at convenience, the “brightest” displa

LG Electronics unveiled its seventh edition of G series smartphone, dubbed G7 ThinQ, to its global consumers in New York on Wednesday, highlighting on its features designed around improved user convenience. Equipped with a 6.1-inch Super Bright Display -- with a notch design in the 1,000-nit bright liquid crystal display -- the G7 ThinQ is nearly half an inch larger than its predecessor, but is small enough to be used with one hand, an element that LG has been seeking for. Among the various new

Samsung Electronics heir apparent and Vice Chairman Lee Jae-yong departed for Shenzhen on Wednesday with the presidents of the tech titan’s semiconductor division. According to the industry, the heir left for the Chinese version of Silicon Valley with the company’s chipmaking unit head Kim Ki-nam, memory business head Jin Gyo-young and system LSI business head Kang In-yup. Samsung Display CEO Lee Dong-hoon also joined the business trip.“The vice chairman and presidents are scheduled to hold meet

US private equity firm Elliott confirmed Wednesday it was taking legal action against the former South Korean administration over its illegal intervention in the merger between Samsung C&T and Cheil Industries in 2015. “Elliott is seeking to negotiate with the Republic of Korea regarding compensation for Elliott’s damages arising from the former administration’s unlawful intervention in the merger of Samsung C&T and Cheil Industries,” said a statement released by the US fund. Elliott mentioned i

South Korean mobile carrier KT said Tuesday the company will develop chipsets for faster local area network internet with global chipset maker Aquantia based in the United States.The two signed a memorandum of understanding for the development, KT said.(Yonhap)With current technologies by KT, the LAN internet’s speed reaches up to 1 Gigabits per second by using two pairs of LAN cables. Adding a new chipset to this, the maximum speed can go up to 2.5 Gbps, and even to 5 Gbps by using four pairs o

Cinemex officials promote the Onyx screen by Samsung Electronics at a theater in Mexico City. (Samsung Electronics)South Korean tech titan Samsung Electronics will make inroads into the cinema market in Latin America by providing its light-emitting diode screens to the region’s biggest movie theaters, according to the company Tuesday. Samsung said it had signed a contract with Cinemex, the second-largest movie theater company in Mexico, to supply Samsung’s LED screen Onyx to five Cinemex venues

The world’s two-largest memory makers based in South Korea, Samsung Electronics and SK hynix, are facing a legal battle against US consumers who claim that they conspired to set high prices for widely used memory chips, according to the industry on Monday. US class-action law firm Hagens Berman said in a press release Friday that it had filed a lawsuit against the three-largest electronics chipmakers, Samsung Electronics, Micron and SK hynix, claiming that the companies illegally agreed to raise

KT said Monday it is launching a donation campaign using its artificial intelligence platform GiGA Genie with the aim to make donating easier. It is the first case in South Korea to utilize AI for donations, according to the firm. The campaign, in coordination with ChildFund Korea, runs from Friday through May 30, giving GiGA Genie users the chance to donate for children in need using the speaker as part of efforts to celebrate Children’s Day, which falls on Saturday.  KT will launch a donation

According to teasers by LG Electronics, its new flagship smartphone G7 ThinQ -- set to debut on Wednesday -- will feature the brightest liquid crystal display and the loudest speaker among existing smartphones, which would turn users’ attention from dual camera back to the visual and audio features. One of the most interesting features is the so-called “New Second Screen” that has had LG officially acknowledge that the seventh edition of G series phone will join Apple’s leadership in the notch d