Korean mobile technology solutions firm Firstface will file a suit against US tech giant Apple for copying a feature to unlock the smartphone screen through bitometric sensor-based user authentication, according to news reports on April 12. Firstface co-CEO Jung Jae-lark has registered its own patents in multiple n...
[THE INVESTOR] Artificial intelligence is considered a transformative technology promising vast improvements for businesses across all sectors. While we understand that AI is useful, exactly what kind of benefits can it bring to companies? SK Holdings C&C, the information technology services unit of South Korea’s SK Group, aims to help answer the question with the release of a new white paper detailing where and how AI solutions can be leveraged to improve various tasks for business organizatio
[THE INVESTOR] Samsung Group Vice Chairman and de facto leader Lee Jae-yong has emphasized taking a long-term approach to address a range of fundamental problems facing the conglomerate.The vice chairman, who overlooks more than 60 affiliates and subsidiaries, told top brass at a recent meeting that Samsung needs to focus on rooting out problems instead of resorting to stopgap measures, according to Korea Economic Daily on April 23. Related:'Samsung reports contain crucial national technologies'
[THE INVESTOR] LG Electronics is in final talks to acquire Austrian automotive light maker ZKW Group for about 1.6 trillion won (US$1.5 billion), its largest-ever purchase, according to industry sources on April 23. The two firms have been negotiating for almost two years and are likely to sign a deal later this month. BMW i8 hybrid uses ZKW's premium LED headlights.ZKW produces lights, electric systems and electronic modules for vehicles, including LED-based high-intensity headlights. Last yea
[THE INVESTOR] ROME -- This year’s IFA, Europe’s biggest exhibition of consumer electronics, will see smart and connected devices for home appliances as well as artificial intelligence-incorporated consumer electronics take center stage, including those from South Korean tech giants Samsung and LG.“While AI is a key for the connected world, I see Samsung and LG leading the market. Korean companies are building huge research centers overseas and from what I see so far, I think they are doing it i
[THE INVESTOR] SK Group Chairman Chey Tae-won has confirmed that renegotiating the delayed acquisition of Toshiba’s memory chip unit is not an option, saying that he expects the deal to gather momentum soon.“SK is not considering renegotiating the deal,” the chairman told reporters at a conference on April 19 in Seoul. “(The issue of the delayed Toshiba deal) will soon be addressed.”Joining a group of global investment and technology companies including Bain Capital, Apple and Dell, SK Group par
[THE INVESTOR] South Korean mobile game publishing giant Netmarble Games said on April 19 that it would launch next month its first-ever mobile multiplayer strategy game “Iron Throne,” which the firm hopes will appeal to gamers worldwide, particularly in North America.Netmarble plans to begin servicing the game -- previously presented to the public under the name “Firstborn: Kingdom Come” -- in 251 territories worldwide via the Google Play and Apple App Store. China has been excluded from the li
[THE INVESTOR] Raonsecure, a biometric technology solution provider to financial firms in South Korea, offered a theater presentation at RSA Conference 2018 in San Francisco, California, highlighting the “momentum for overseas business in America,” the company said on April 19. Raonsecure‘s presentation was made on April 18 along with some 30 companies at the conference. Raonsecure was the only Korean company to be invited by US company Intel to give presentation. The 30-minute session involved
[THE INVESTOR] South Korea ranks 12th out of 24 of the world’s top information technology economies in terms of cloud computing readiness, according to the 2018 BSA Global Cloud Computing Scorecard, a bi-annual study that assesses and compares the cloud computing policies of different countries.Korea’s ranking remains unchanged from that of 2016, suggesting a need for more flexibility in the legal and regulatory environment for cloud services here, BSA said. BSA President and CEO Victoria A. Esp