This is the second installment of a series of articles delving into new technologies Samsung Electronics is betting on for its new source of growth. -- Ed. One day after the announcement of the new leadership, Samsung Electronics’ outgoing Vice Chairman Kwon Oh-hyun sent a grave message to his successors. “The moment of being at the top, this might be the beginning of a crisis,” Kwon said at a ceremony held AT Samsung Electronics’ campus in Suwon, Gyeonggi Province, on Wednesday to mark the 48th

After announcing record-breaking earnings in the third quarter, Samsung Electronics on Tuesday revealed its new leadership by promoting current heads of three business divisions to CEOs, and appointing jailed de-facto leader’s close associate as the new chairman for the board of directors, choosing stability over radical makeover. Samsung announced that President Kim Ki-nam has been promoted to CEO of the Device Solutions Division, while Kim Hyun-suk will be CEO of the Consumer Electronics Divis

Lawmakers accused the government for systematically hindering the controversial implementation of a blacklist system for mobile device registration during a parliamentary audit on Monday, with the ministry in charge refuting that cautious approach is needed to adopt the system. The report produced by the Ministry of Science and ICT and submitted to Rep. Kim Sung-soo of the ruling Democratic Party of Korea states that that implementation of the blacklist system will not contribute to cutting hous

South Korean tech titan Samsung is fiercely seeking innovative growth in the absence of its de facto leader by holding a closed-door exhibition this week, according to sources on Sunday. At Samsung’s corporate campus in Giheung, Gyeonggi Province, the company is holding a three-day tech exhibition -- the Samsung Tech Fair -- from Monday through Wednesday, organized by Samsung Advanced Institute of Technology, according to sources.The annual fair is held every fall to provide executives and emplo

YONGIN, Gyeonggi Province -- If you still haven’t caught up with the virtual reality trend, Everland’s Halloween offerings could be a shock to the system.South Korea’s largest amusement park has been running since last month a horror zone filled with actors wearing zombie makeup and scary VR content to mark the Halloween season.Shot by Lim Jeong-yeo / Edited by Lim Jeong-yeo As visitors in VR goggles walk around the park’s 100,000-square-meter Blood City, they are immersed in a world of horror w

DAEJEON -- In 2000, professor Yoo Hoi-jun of the Korea Advanced Institute of Technology predicted that cellphone screens would grow larger and users would play games on the phones. To prove his prophesy, he confidently showcased demos of mobile chips to tech titans like Samsung, Nvidia and Sony at the time, though to lukewarm responses. In 2006, Yoo came up with even more advanced argument: artificial intelligence would be the future. The expert on electrical and electronics engineering was insp

With another record-breaking performance in the third quarter, South Korea’s second largest chipmaker SK hynix is stepping closer to witnessing the largest-ever annual profit of around 10 trillion won ($8.9 billion) this year. According to earnings announced Thursday, the chipmaking unit of SK Group, posted 8.1 trillion won in sales and 3.74 trillion won in operating profit during the July to September period. The third quarter revenue and operating profit climbed 21 percent and 23 percent from

This is the first installment of a series of articles delving into new technologies Samsung Electronics is betting on for its new source of growth. -- Ed. Artificial intelligence is an immediate challenge for South Korean electronics behemoth Samsung Electronics, which is still lacking AI specialists and relevant technologies in its transition from a hardware-oriented technological focus to software. Vice Chairman Kwon Oh-hyun’s departure from the company next year sends Samsung the serious mess

BUSAN -- Oh Seong-mok, president of the network business at KT, South Korea’s second-largest mobile carrier by revenue, announced his ambition to bring the company’s latest solutions for small vessels to the global market Wednesday. At a press conference held at Bexco in Busan, Oh introduced the company’s newest marine telecommunications solutions for small vessels at Marine Week 2017, an international maritime exhibition being held from Tuesday through Friday. “We have embarked on the developme

LG Electronics’ Bluetooth speaker features levitating technology that enables the speaker portion to float in the air above the woofer station, allowing better sound quality in 360 degrees, the company said Tuesday. LG launched the product in Korea at the price of 369,000 won ($327), following its initial launch in the UK in August. (LG Electronics)

South Korean mobile carriers SK Telecom and KT are planning to showcase their efforts related to the fifth-generation network at an international forum in an ongoing competition to commercialize the network as an industry first, according to the two companies Tuesday. SKT will unveil its research achievements in the commercialization of the 5G network and core technologies at the Next Generation Mobile Networks conference set to kick off in Seattle on Wednesday. The NGMN is an international orga

South Korean tech behemoth Samsung Electronics said Tuesday it has developed a new testing program for automotive light-emitting diode components in partnership with TUV SUD, a global technical services provider of quality, safety and sustainability solutions. The two companies held a ceremony to unveil the testing program at the headquarters of TUV SUD Korea in Seoul. The Samsung-TUV SUD agreement marks the first time in the industry that an automotive LED component manufacturer has partnered w

South Korea’s SK Telecom said Monday it has developed Wi-Fi technology that is capable of transmitting data at a maximum speed of 4.8 Gbps and an application processor. At the company’s office in Bundang, Gyeonggi Province, SKT said it had succeeded in demonstrating the highest Wi-Fi speed that is about four times faster than the current Wi-Fi used on smartphones. SKT’s upcoming Wi-Fi technology will use four antennas and a 160 MHz frequency bandwidth, double the current Wi-Fi service, which wil

Memory chip giant Samsung Electronics has invested in a Chinese artificial intelligence technology developer as part of its efforts to catch up in the intensifying global race for AI platforms and devices, according to sources Sunday. In August, Samsung made a significant investment in DeePhi Tech, a Tsinghua-based startup with deep learning technologies, a source told The Korea Herald. “Samsung made quite a large investment in DeePhi Tech, which a group of Korean developers who met the startup’