Samsung Electronics has recently renamed the project name of its upcoming foldable smartphone “Winner,” ditching the previous “Valley” that it has used since 2015, according to local news outlet The Bell on May 4. Citing unnamed industry sources, the report said Samsung has recently informed suppliers to start sup...
[THE INVESTOR] LG Electronics on Dec. 13 unveiled a new energy storage system designed especially for solar power plants with smaller capacities. LG said it will release what it calls the all-in-one ESS for 100 kilowatt solar power plants. The comprehensive package brings together power conditioning and management systems, batteries and other equipment that can simplify the installation process.As the package includes a 274 kWh battery, it is capable of storing power that can support roughly 25
[THE INVESTOR] Korea’s tax agency is probing the local office of US tech giant Google amid rumors of tax evasion by some YouTubers here, industry sources said on Dec. 12. Earlier in the day, the National Tax Service sent auditors and investigators to the headquarters of Google Korea in Gangnam, southern Seoul, to secure accounting books and other financial records, they said. Industry watchers suspect that some famous high-income YouTubers evaded taxes by not fully reporting their earned income.
[THE INVESTOR] Telecom firm KT Corp. participated in a 5G conference held from Dec. 11-12 in Stockholm to share some of its 5G technologies and know-how in running the next-generation network during the 2018 PyeongChang Winter Olympics.The 5G Deployment Seminar was hosted by network firm Ericsson and joined by global telecom companies and network equipment makers, including Telia company of Sweden, to discuss use cases of 5G and progress in commercializing the next-gen tech. Kim Byung-seok, a vi
[THE INVESTOR] Samsung Electronics took the wraps off Galaxy A8s on Dec. 10 in China, the first model with a punch-hole display, taking one step closer to the era of all-screen smartphones.The Korean tech giant is one of a few smartphone makers that have refused to deploy a notch display, which was first adopted by US tech giant Apple for its iPhone X last year. Instead of just following the footsteps of Apple, the frontrunner in the premium smartphone segment, Samsung has been working behind th
[THE INVESTOR] Samsung Electronics has sold more than 110,000 units of its convertible laptop Pen after the device was released in the local market in December 2017, industry sources said on Dec. 11. Considering the popularity, the Korean tech giant is expected to sell 120,000 units of its versatile laptop, which can also function as a tablet PC, by the end of this year.The sales performance is significant as the size of the Korean market for laptops has been decreasing over previous quarters am
[THE INVESTOR] Samsung Electronics will hold a global strategic conference with executives from its overseas offices in Korea next week, according to the tech giant on Dec. 10.The top executives from each of the three main business divisions -- device solutions, IT & mobile communications and consumer electronics -- will gather at various offices, including in Suwon, to review the performance of existing operations and discuss measures to respond to potential risks and find new growth engines.Re
[THE INVESTOR] Despite continued protests from taxi unions, Korean information technology giant Kakao has begun providing a trial of its carpool services, with plans to formally roll out the service for all users here on Dec. 17. Kakao Mobility, the transportation service arm of Kakao, launched a beta version of its carpool service on Friday involving a number of randomly selected users on the Kakao T app. Users can input a destination and place a ride request for drivers registered with Kakao
[THE INVESTOR] Kakao Bank on Dec. 7 said it has decided to reappoint co-CEOs Yun Ho-young and Lee Yong-woo to lead the operations after their current two-year tenure ends on Jan. 2. The nomination committee of the internet-only bank, backed by mobile messenger giant Kakao, has recommended the inaugural heads to helm another two-year term until 2021. An extraordinary general meeting will be held on Dec. 21 to confirm the appointment. “Lee, as a financial expert, has contributed in establishing th