BERLIN -- As TVs evolve into platforms offering limitless content-based enjoyment, Samsung Electronics has revealed its ambition to lead the free ad-supported television market, or FAST, by providing distinctive services and diverse content. “In line with the AI era, we will actively explore and implement measures to become the optimal platform by advancing and enhancing basic AI usability,” Kim Yong-su, head of the global service business team of the visual display division at Samsu

Industry Sept. 9, 2024

BERLIN -- Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said Saturday that the tech giant’s recent push for artificial intelligence-powered home appliances still has a long way to go in fulfilling the increasingly sophisticated demand from consumers “Our products are not keeping up with very high consumer expectations. … If we consider consumer expectations to be at 100, our product currently stands at around 30,” Han said during a press conference held on th

Technology Sept. 8, 2024

BERLIN -- LG Electronics has announced a brand new era for the company by introducing its artificial intelligence home hub, featuring what it calls "affectionate intelligence," at this year’s IFA trade show that kicked off Friday in Berlin. “We are thrilled to announce the launch of LG AI Home, a smart living solution that utilizes generative AI to seamlessly communicate and connect with customers,” Lyu Jae-cheol, the tech giant's home appliance chief, said Thurs

Technology Sept. 8, 2024

BERLIN -- Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said the Korean tech giant is looking to artificial intelligence connectivity to take on its rivals, as this year’s IFA in Berlin, one of the world’s largest consumer appliance trade shows, kicked off Thursday. “Who can provide consumers with a richer experience of connecting products” is the key message to convey, Han told The Korea Herald on Thursday at Samsung Electronics pavilion, upon his visit to th

Technology Sept. 6, 2024

BERLIN -- At this year’s IFA, Europe’s biggest home appliances trade show, two of South Korea’s tech giants, Samsung Electronics and LG Electronics, are set to showcase their latest artificial intelligence-powered home appliances. As the IFA celebrates its 100th anniversary this year, about 2,200 companies in IT, consumer appliances and telecommunications will take part from 139 countries. The five-day event, which kicks off in Berlin on Friday, will see 127 Korean companies pa

Technology Sept. 5, 2024

The IFA, Europe’s biggest tech show, is just around the corner. Celebrating an incredible 100 years of the show, it promises to bring the biggest names in tech together to unveil their latest breakthroughs, with South Korean tech rivals Samsung Electronics and LG Electronics among the largest exhibitors. The annual gathering will kick off in Berlin on Friday for a five-day run. This year’s IFA is ready to host more than 2,200 exhibitors and over 182,000 attendees from 139 countries

Technology Sept. 5, 2024

LG Electronics is mulling a stock debut in India, a burgeoning market where the Korean tech giant has made efforts to secure a firmer footing for almost two decades. In a recent interview with Bloomberg Television, LG Electronics CEO Cho Joo-wan hinted at the possibility of an initial public offering of the company’s Indian unit, saying the company is closely monitoring the Indian market to meet its sales target of 100 trillion won ($74.6 billion) by 2030. “(An IPO) is one of many op

Industry Sept. 2, 2024

The top two global semiconductor foundries -- Samsung Electronics and Taiwan Semiconductor Manufacturing Co. -- are competing in the automotive semiconductor market in Germany, where major car manufacturers are located. Despite the recent contraction of the automotive semiconductor market due to a decline in demand for electric vehicles, the two companies’ efforts to prepare for future market demand seem actively underway. Samsung’s foundry division is set to hold a forum in Munich,

Industry Aug. 30, 2024

Finnish telecom equipment maker Nokia on Friday denied a report that it is in talks with Samsung Electronics or any other potential bidders to sell its mobile network business. “Nokia has nothing to announce in relation to the speculations published in an article today, and no related insider project exists,” the company said in a statement, referring to a Bloomberg report earlier in the day. “Nokia is committed to the success of its mobile networks business, a highly strategic

Industry Aug. 30, 2024

SK hynix, the world's second-largest memory chip-maker, said Thursday it has developed the industry’s first 16-gigabyte DDR5 chip using its 1c node, the sixth generation of the 10-nanometer process technology. The success marks the beginning of the extreme scaling to the level closer to 10 nanometers in the memory process technology, according to SK hynix. SK hynix has become the first in the industry to overcome technological limitations by raising the level of completion in design,

Technology Aug. 29, 2024

LG Innotek said Wednesday that it has applied for some 3,500 patents related to automotive parts over the past five years, seeking leadership in the field of futuristic mobility. Almost 40 percent of the patents are for electric vehicles, one of the company’s new growth drivers. They cover diverse EV and autonomous driving technologies, including LiDar sensors, cameras, lighting and communication modules. LG Innotek said it is also accelerating efforts to secure standard patents as they ar

Industry Aug. 28, 2024

Korean mobile app store operator One Store said Wednesday that it aims to expand globally with Taiwan being the first strategic market. “Our hyper localization strategy involves partnering with local companies globally to tailor services specifically for each region, aiming to compete with global monopolies on a global scale," CEO Chun Dong-jin said during a press conference in Seoul, earlier in the day. "One Store aims to become the most competitive app market globally by 2030.&

Industry Aug. 28, 2024

Samsung Electronics, the world's No. 1 memory chipmaker, said Tuesday that it has partnered with US chip giant Qualcomm Technologies to produce advanced chips for diverse automotive solutions. The Korean tech giant said its latest automotive LPDDR4X memory has been successfully qualified for use with Qualcomm’s Snapdragon Digital Chassis. The product is set to be applied in premium in-vehicle infotainment and advanced driver-assistance systems. Samsung’s automotive LPDDR4X quali

Technology Aug. 27, 2024

Japan’s Kioxia Holdings, the world’s third-largest NAND flash memory company, applied to list on the Tokyo Stock Exchange on Friday, making it the largest stock debut since SoftBank in 2018. Now keen attention is being paid to SK hynix, the world's No. 2 maker of memory chips, which has invested 4 trillion won ($3 billion) in the Japanese rival. With the aim for an October initial public offering, Kioxia is expected to achieve a market capitalization of over 1.5 trillion yen ($1

Industry Aug. 26, 2024

South Korea’s top chaebol leaders are set to join President Yoon Suk Yeol on his state visit to the Czech Republic next month, according to industry sources Sunday. Yoon’s Czech visit comes after a Korean consortium, led by Korea Hydro and Nuclear Power, was recently named a preferred bidder for a major nuclear plant project in the European country. The project size is estimated at around 24 trillion won ($17.3 billion). Along with the mega project, the summit is expected to cover to

Industry Aug. 25, 2024