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Mon, July 4, 2022 | 14:17

[EXCLUSIVE] Samsung drops plan to enter electric vehicle market

Amid the burgeoning presence of electric vehicles (EV), investors and consumers are paying attention to what role EVs will play in the automotive market and their environmental effects in the foreseeable future.

Kim Yoo-chul | 2022-05-16 12:29

Samsung holds first-ever 6G forum to discuss next-gen communications tech

Samsung Electronics held its first 6G forum with experts from academia and industry Friday to discuss the future of communications technologies, in a bid to lead research and development and standardization. At the forum, "The Next Hyper-Connected Experience for All," global industry experts had presentations and discussions on the topics of the 6G air interface and AI-based ...

2022-05-13 14:48

Kakao Mobility partners with Splyt for ride-hailing roaming services in Southeast Asia

Kakao Mobility, Korea's leading taxi-hailing company, said Thursday it will begin offering local ride-hailing services in seven Southeast Asian countries by partnering up with global mobility platform provider Splyt Technologies.

2022-05-12 16:47

Korean shipbuilders' order backlog hits 6-year high in April

Korean shipbuilders' order backlog touched a six-year high in April on the back of brisk orders from global shipping companies, industry data showed Tuesday.

2022-05-10 14:25

Samsung takes lead in 6G network technology

Samsung Electronics is taking the lead in standardization of sixth-generation (6G) network technology, as the company proposed to start a global study on securing frequencies for the future network technology, which is expected to be commercialized as early as 2028, the company said Sunday.

Baek Byung-yeul | 2022-05-08 16:29

Naver, Kakao face growing pressure to reduce payrolls

Naver and Kakao are grappling with their excessive labor costs that have been viewed as one reason for their declining profits, according to industry officials, Friday. As the country's moves to transition to manage COVID-19 as endemic and the global trend of raising interest rates have caused some to worry about Korea's big tech firms, calls are growing for the two leading K...

Park Jae-hyuk | 2022-05-07 09:33

Europe's biggest hackathon to host 'Junction Asia 2022' in Busan

Europe's biggest hackathon (a portmanteau of “hacking” and “marathon”) organizer Junction is hosting its first continent-scale event in Busan under the banner “Junction Asia 2022.” Busan Mayor Park Hyeong-joon, Junction CEO Akseli Aho from Finland and Lee Hyun-sae, the head of Junction's Seoul-based operator Shift agreed on May 3 to host the event from Aug. 19 to 21 at Bexco ...

Ko Dong-hwan | 2022-05-04 15:50

Samsung expands 5G equipment business in US

Samsung Electronics has expanded its presence in the U.S. telecommunications market by winning a second order for 5G communication equipment worth 1 trillion won ($790 million), according to company officials Wednesday. Samsung said it was selected as a 5G communication equipment supplier for Dish Network, the fourth-largest U.S. mobile communication service provider. Samsung...

Kim Hyun-bin | 2022-05-04 15:47

Samsung keeps No. 1 spot on Korea's top 500 companies' list

Global tech giant Samsung Electronics retained the No. 1 spot on the list of Korea's top 500 firms by sales, with 39 businesses newly making the list, a corporate tracker said Wednesday.

2022-05-04 10:05

Samsung Electronics to pursue corporate acquisitions via new taskforce

Samsung Electronics organized a taskforce recently in charge of discovering new businesses in the device sector, under the direct supervision of Vice Chairman Han Jong-hee, the company said Tuesday.

Park Jae-hyuk | 2022-05-03 15:44

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