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LG U+ CEO & Vice Chairman Kwon Young-soo. LG U+ said it will provide a built-in smart home IoT system to 1,000 officetel units in the Seoul metropolitan area, which are to be built by Taerim Synthesis Construction.  Outfitted with LG U+’s home IoT system will be “Taerim the Kkulium Offi…
KT Chairman Hwang Chang-gyu. KT achieved an earnings surprise by posting a higher-than-expected 400 billion won operating profit in the second quarter of this year in four years.  The nation’s second largest telecom service provider saw average revenue per user (ARPU) top the Korean market, …
Crew work at LG Chem’s first polarizer production line in Ochang, Chungcheongbuk-do. LG Chem is ramping up R&D to help each business division lead the related global market with a focus on strengthening the competitiveness of its conventional businesses.  The Basic Materials & Chemic…
Samsung SDS has released the Cello VWS solution. (Photo:Samsung SDS) Senior Consultant Lee Kwang-hoon of the Strategic Logistics Business at Samsung SDS demonstrated the “Cello Virtual Warehouse (VWS)” solution at the Cello Conference 2016 at its headquarters in Jamsil, southeastern Seoul, on Mar…
A consortium led by KT aims to become Korea’s first internet bank. It said the bank would boast a competitive advantage of making the most of big data. The consortium, dubbed “K Bank,” will lower costs based on big data collected from such areas as financing, communications and retail. Thi…
KT Chairman Hwang Chang-gyu.(Photos:KT) "We’ll set aside 13 trillion won by 2020 to spearhead the Fourth Wave of Industrial Revolution,” KT Chairman Hwang Chang-gyu declared. Chairman Hwang made the remark at a meeting with reporters at the KT office building in Gwanghwamun, downtown Seoul, on Se…
LG U+ Chairman Lee Sang-cheol.Models show off LG U+’s IoT services that enjoy popularity.(Photos:LG U+)LG U+’s home Internet of Things (IoT) services have enjoyed explosive popularity, as the number of subscribers has topped 20,000 people in the 40 days since its debut.LG U+ said on Sept. 15 that …
KT Chairman Hwang Chang-gyu.Yoon Kyung-lim, head of KT’s Future Convergence Business Office, explains the facilities of the GiGA IoT Business Cooperation Center in Pangyo, Gyeonggi-do, on Aug. 25 in which KT held a ceremony to inaugurate the alliance on Aug. 25.(Photos:KT) KT has teamed up with 10…
KT has succeeded in commercializing so-called GiGA LTE, which is 15 times faster than the conventional Long Term Evolution (LTE) network.   KT launched the GiGA LTE service that offers a maximum download speed of 1.17 Gbps —15 times faster than the existing LTE and four times faster than…
President Nam Chang-hyun of Chungbuk Technopark.(Photo:NewsWorld)  A little more than a decade has passed since Chungbuk Technopark was established with the goal of exploring new growth engines and nurturing “global hidden champions” in the Chungcheongbuk-do area. Chungbuk Technopark ha…
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Business/Company
Samsung Electronics Chairman Lee Jae-yong. (Photo: Samsung Electronics)Samsung Electronics has became the world’s first company to top 100 trillion won in a quarterly operating profit among global tech companies, opened an era for the Korean powerho…
Hyundai Motor Group Executive Chair Chung Eui-sun delivers a welcoming speech at a ceremony to dedicate a new smart manufacturing facility in Talegaon, Pune, Maharashtra, India, on Oct. 14. (Photo: Hyundai Motor)Hyundai Motor Group on Oct. 13 announc…
Samsung Electronics Chmn. Lee Jae-yong and Mistral AI CEO Arthur Mensch struck an investment agreement at the Elysee Palace in Paris on Aug. 8. (from left) Samsung Electronics Executive Vice President Lee Jong-myung, Samsung Electronics Chmn. Lee Jae…
Lotte Group Chmn. Shin Dong-bin, KAIST President Bae Choong-sik and other attendants cut the ribbons at a ceremony to dedicate the“Lotte X KAIST R&D Center” at KAIST head office in Daejeon on Sept. 11. (Photo: Lotte Group)KAIST held a ceremony …


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