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Thu, August 16, 2018 | 00:34

Biz & Tech > IT >

Korean lawmakers racing to regulate crypto, ICO, blockchain

Rep. Park Yong-jin of the ruling Democratic Party of Korea, Rep. Chung Tae-ok of the main opposition Liberty Party Korea (LPK) and Rep. Choung Byoung-gug of the minor opposition Bareun Mirae Party are most committed to the issue. They plan to submit their respective bills regarding the legal status of cryptocurrency and requirements for crypto exchanges, among other things.

IT | 2018-07-11 14:08

British regulator to fine Facebook over data protection breaches

Britain’s information regulator said on Wednesday she intends to fine Facebook (FB.O) for breaches of data protection law as her office investigates how millions of users’ data was improperly accessed by consultancy Cambridge Analytica. Facebook CEO Mark Zuckerberg has faced questioning by U.S. and EU lawmakers over how Cambridge Analytica improperly got hold of the personal ...

IT | 2018-07-11 09:40

China approves LG Display's OLED plant

LG Display said Tuesday it had received approval from the Chinese government to build an OLED display production facility in the southern Chinese city of Guangzhou. With a combined investment of roughly 5 trillion won ($4.48 billion), the Guangzhou plant is a joint venture, 70 percent owned by LG Display and 30 percent owned by the Guangzhou Development District. LG Display s...

IT | 2018-07-10 19:32

IBM, Fujitsu struggle in Korea on falling sales

IBM, Fujitsu and other global IT companies are grappling with falling sales in Korea as they fail to meet the rapidly changing needs of their corporate consumers amid the Fourth Industrial Revolution. IBM Korea, subsidiary of the U.S.-based tech giant, has seen the sales of its corporate IT hardware and software decline because more companies opt to use cloud servers rather t...

IT | 2018-07-10 18:09

Samsung begins mass production of '5G' V-NAND

Samsung Electronics has embarked on mass-producing fifth-generation V-NAND flash memory chips for the first time in the industry, the company announced Tuesday.

IT | 2018-07-10 18:06

AI speakers fail to meet consumer expectations

While IT companies have been rushing to release artificial intelligence (AI) speakers as part of their efforts to find growth engines for the Fourth Industrial Revolution, not many customers have been satisfied with the devices, according to a research firm, Tuesday.

IT | 2018-07-10 16:11

'Blockchain is not a silver bullet'

TALLINN, Estonia - Blockchain is certainly a groundbreaking technology in many aspects. But standing alone, there are few things it can do. Its potential can be blown up fully only when it's combined with other fitting technologies, said a senior Estonian computer scientist who designed his country's extensive e-governance system.

IT | 2018-07-09 19:06

Moon offers olive branch to Samsung

President Moon Jae-in has finally offered an olive branch to Samsung Group, from which he has been keeping his distance, in the name of eradicating the “deep-rooted evils” of the former Park Geun-hye administration. This is the first time for President Moon to attend an event organized by Korea's largest business group and meet its leader, Vice Chairman Lee Jae-yong. On Monda...

IT | 2018-07-09 18:13

Moon visits Samsung factory in India

LG Display benefits from strong sales of Apple's smartwatches

Korean display maker LG Display topped the world's AMOLED display market for smartwatches last year thanks to strong sales of Apple's smartwatches.

IT | 2018-07-09 18:08

SKT, KT, LG Uplus eye drones for 5G service

Telecommunications companies here are expanding their businesses to the drone sector as they see the fast-evolving drone business as one of the key engines for growth in the era of fifth-generation (5G) networks.

IT | 2018-07-09 16:07

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