The Korea Times - Section Page

Site Map PDF Subscription Register LogIn
Site Map PDF Subscription Register LogIn

Biz & Tech

Tue, September 26, 2017 | 21:45

Biz & Tech >

5G gaining highest traction at ITU Telecom World

BUSAN _ Fifth-generation (5G) technology is taking center stage at the ongoing global telecom fair here. The four-day International Telecommunication Union (ITU) Telecom World 2017 kicked off Monday in the nation’s biggest port city, featuring innovative technologies including artificial intelligence, virtual reality and internet of things (IoT) as well as 5G. The next-generation technology is forecast to enable a data transmission speed that is 100 times faster than current networks amid expectations that it will generate a major economic impact.

IT | 2017-09-26 16:24

Hyundai Motor opens big data center in China

Hyundai Motor Group has opened a big data center in China’s southwestern province of Guizhou to facilitate the development of its connected car service platform in the world’s largest automobile market. Korea’s top carmaker said Tuesday the facility will help it process massive amounts of customer data to provide safer and more efficient connected car services to Chinese moto...

Automotive | 2017-09-26 16:48

Volvo introduces new XC60 mid-size SUV

Volvo Cars Korea has introduced the new XC60 mid-size SUV in Korea, aiming at expanding its presence in the country’s fast-growing market. The new model made its debut at the Geneva International Motor Show this March.

Automotive | 2017-09-26 16:32

Unilever buys Korean cosmetics firm for W3 tril.

Unilever will buy Carver Korea for $2.7 billion (about 3 trillion won), the multinational consumer goods company said Tuesday. Carver, the nation’s third-largest cosmetics company is famous for its signature AHC brand. The acquisition is the largest M&A deal in the country’s cosmetics industry. The previous record was set by LG Household & Healthcare (LG H&H), which acquired ...

Light industries | 2017-09-26 16:00

KT promotes its submarine cables to Latin America

BUSAN -- KT, the nation’s largest-fixed line operator, showed off its expertise in submarine cable operations to information technology ministers of Latin American countries, Monday. According to the Seoul-based company, it recently completed building a KT Submarine Cable Complex here and 16 Latin American ministers and vice ministers visited the center. They are visiting the...

IT | 2017-09-26 15:42

KT bets big on 5G global standards

The International Telecommunication Union (ITU) Telecom World 2017 is presenting diverse applications based on the latest telecom technologies such as artificial intelligence (AI) and the internet of things (IoT). It is the world’s largest telecom fair jointly attended by the public and private sectors. This year’s Telecom World is also drawing attention as telecom enterprise...

IT | 2017-09-26 17:02

KT showcases cutting-edge techs at global telecom fair

KT is exhibiting its latest telecom technology-based applications from internet of things (IoT) services and smart energy grids to an artificial intelligence (AI) digital assistant at the International Telecommunication Union (ITU) Telecom World 2017 fair in Busan. The nation’s leading telecom company stressed that it has prepared the largest exhibition among all Korean enter...

IT | 2017-09-26 17:03

KT bets big on 5G global standards

ITU Telecom World kicks off in Busan

BUSAN - A renowned global telecom fair began its four-day run in the nation’s southeastern port city here, Monday. Hundreds of high-ranking info-tech leaders are taking part in the International Telecommunication Union (ITU) Telecom World 2017, which raised its curtain with opening remarks from Science and ICT Minister Yoo Young-min.

IT | 2017-09-25 17:03

Amway Korea launches new skincare product

Amway Korea’s premium skincare brand Artistry has unveiled its latest, next-generation product for consumers who want more resilient and healthier skin. The Korean unit of the U.S. multi-level marketing company began selling the Intensive Skincare Advanced Vitamin C+ Hyaluronic Acid Treatment early this month, further bolstering its product lineup. It is an upgrade of the Vit...

Light industries | 2017-09-25 16:19

Controversy rises on outsourcing

The Moon Jae-in administration has come under fire for its unfavorable view on outsourcing. The nation’s overall industries have been anxious about facing another labor risk, since the Ministry of Labor and Employment recently ordered several companies to directly hire their subcontract workers. Korean companies have already suffered from the recent rises in the minimum and base wages.

Light industries | 2017-09-25 08:00

Samsung makes strides in 5G network

BUSAN -- As the telecommunications industry ushers in the fifth-generation (5G) era of high capacity, high-speed, low-latency networks, Samsung Electronics is pushing the envelope to develop next-generation technology. The tech giant is the world’s largest smartphone maker. And it is also expanding its presence in the network business, committed to delivering the most compell...

IT | 2017-09-24 20:42

IoT, another future cash cow for Samsung

Talking with MBA students

S-Oil CEO Othman Al-Ghamdi gives a lecture on the refiner’s business and the global oil industry at Seoul National University, Friday. The Saudi-born urged MBA students to work hard to become a passionate leader capable of coping with unexpected changes. / Courtesy of S-Oil

Photo News | 2017-09-24 16:15

Samsung growing as lifestyle brand

The global mobile industry is undergoing a gradual paradigm shift, with fashion and design emerging as a must for potential success in cutting-edge devices. The smartphone industry is also in a war of who manufactures fancier looking items. The world’s leading handset makers, Samsung Electronics and Apple, are running their own design facilities. They put almost a similar lev...

IT | 2017-09-24 20:49

Galaxy Note 8 takes center stage at global telecom fair

IoT, another future cash cow for Samsung

Samsung Electronics is gaining traction in the internet of things (IoT) industry on the back of its advanced mobile communications technologies amid the proliferating connected-device technology. The global tech powerhouse supplied Korea’s top mobile carrier SK Telecom with the LoRaWAN solution to help the company hail the internet of small things (IoST). The company also teamed up with smaller operators KT and LG Uplus for commercialization of the narrowband IoT (NB-IoT) network service. LoRaWAN stands for “long-range, wide-area network” and NB-IoT is a Third Generation Partnership Project ...

IT | 2017-09-24 20:54

Samsung makes strides in 5G network

Chuseok gifts

A model promotes gift sets ahead of Chuseok, the Korean harvest festival, at a Home plus store in Seoul, Sunday. The discount outlets said that it would offer generous discounts for the sets ahead of the holiday, which falls Oct. 4. / Courtesy of Home plus

Photo News | 2017-09-24 16:24

Samsung shows new TV at London Design Festival

Samsung Electronics said Thursday that it opened exhibition spaces celebrating artistry and design at the London Design Festival, one of the top three worldwide design festivals. Based on the partnership with Saatchi Art, Samsung has created “the Frame X Saatchi Art” gallery to utilize the Frame, the latest lifestyle TV designed for artists, galleries and consumers alike to share and experience art in new ways. Samsung will also host a pop-up store for visitors to see the inspiration behind The Frame.

IT | 2017-09-21 19:09

Gimje Horizon Festival