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The 2.7 trillion won ($2.3 billion) joint venture for an EV battery factory with production capacity of over 30 gigawatt hours per year in Lordstown, Ohio, was clinched amid GM’s ongoing transition from combustion engine cars to electr Dec 5, 2019 Samsung marches ahead of rivals with 71% smartphone market share Samsung Electronics took a 71 percent share in the South Korean smartphone market in the third quarter, outstripping its rivals Apple and LG Electronics, a report showed Thursday. According to market tracker Counterpoint Research, the tech giant’s market share grew 67 percent on-year. Its crosstown rival LG Electronics saw its share unchanged at 17 percent, the data showed, although the company has witnessed a steady growth in the sales of its latest V50 ThinQ 5G model. Samsung&rsquo Dec 5, 2019 S. Korea unveils world's first geostationary air pollution monitoring satellite South Korea on Thursday unveiled the world's first geostationary environmental monitoring satellite that can closely check the movement of fine dust and other air pollutants in the East Asian region in real time.The 3.4-ton Chollian-2B, scheduled to be sent into orbit from French Guiana in February 2020, will take up a fixed position 36,000 kilometers above the Earth's equator, the state-run Korea Aerospace Research Institute said.The multipurpose satellite's Geostationary Environmental Monitori Dec 4, 2019 Samsung overwhelms LG, Apple in local smartphone market share Samsung Electronics dominated the South Korean market for smartphones in the third quarter, widening the gap with local competitor LG Electronics, as well as that with Apple of the United States, industry data showed Wednesday.Also, Samsung took seven spots in the list of the top 10 best-selling smartphones, according to the data from market research firm Counterpoint Research. In the July-September period, Samsung's smartphones posted a combined market share of 71 percent, up 3 percentage point Dec 4, 2019 Samsung heir to meet Sweden’s biggest biz tycoon Wallenberg De facto Samsung Electronics leader Lee Jae-yong is expected to meet with the owner of largest Swedish business group Wallenberg later this month, according to news reports Wednesday. Lee will reportedly hold a meeting with Chairman Marcus Wallenberg, who is scheduled to come to Seoul on Dec. 18 as part of a business delegation accompanying the Swedish prime minister’s visit to the country. A business summit that promotes Korean businesses’ investments in Sweden will be held at a hot Dec 4, 2019 Samsung likely to hide hinge in Galaxy Fold 2 Samsung Electronics appears to be working on hiding the hinge component in the second edition of Galaxy Fold that is expected to be launched next August, according to industry sources Wednesday. The South Korean tech giant has trademarked a patent for something called “Hideaway Hinge” with the European Union Intellectual Property Office, according to online outlet LetsGo Digital based in the Netherlands. The trademark application was filed Monday. The description suggests the new des Dec 3, 2019 LG vs. Samsung TV spat spreads worldwide LG plans global marketing scheme to tout superiority of OLED over QLED Dec 2, 2019 More foldable devices expected to hit market in 2020 Samsung on track to expand Galaxy Fold sales to 60 countries, while LG is rumored to launch its first foldable phone Dec 1, 2019 [News Focus] Is Vietnam an attractive place for Samsung chip plant? Is Vietnam a good place for chipmakers to consider building a high-tech plant? In light of a request by the Vietnamese head of state to Samsung Electronics, the world’s largest chipmaker, many in South Korea are asking whether it is a viable business move.In a private meeting held in Seoul on Thursday, Vietnamese Prime Minister Nguyen Xuan Phuc asked Samsung Electronics Vice Chairman Lee Jae-yong to consider building a chip manufacturing facility there. The Korean tech giant already has pr Nov 29, 2019 New LG Electronics chief likely to get tougher on 8K TV war with Samsung CES 2020 likely to be second battleground between LG and Samsung Nov 28, 2019 LG Group taps younger leaders in pursuit of change Including LG Electronics chief, executives in their 60s leave, passing baton to younger leaders Nov 28, 2019 LG Electronics chief to step down as group seeks change Executives in their 60s are likely to leave, passing their batons to younger leaders Nov 28, 2019 KT enters global OTT competition with AI-equipped Seezn KT, South Korea’s second-largest mobile carrier, announced Thursday the launch of artificial intelligence-equipped 4K over-the-top media service, declaring its intention to enter global markets. Dubbed as Seezn -- a new combination of words see and citizen -- the KT OTT service uses a AI-based content recommendation feature that recognizes facial expressions of users and analyses the movements to suggest customized content in line with their mood. Users can also personalize the service by Nov 26, 2019 [ASEAN-Korea summit] KT to support AI-driven transformation of ASEAN countries KT, one of South Korea’s leading mobile carriers, said Tuesday it is preparing solutions to support the artificial intelligence-driven transformation of ASEAN countries based on its high-tech capabilities. The company is currently working to build AI-enabled hotels in various Southeast Asian countries including the Philippines, Malaysia, Thailand and Vietnam. It also plans to introduce 5G AI factory and autonomous driving solutions that will facilitate the region’s transformation. KT Nov 25, 2019 [ASEAN-Korea summit] SK Telecom CEO proposes TEAM project for Asian content biz with 5G SK Telecom CEO Park Jung-ho on Monday proposed a technology-driven entertainment project for growth of Asia’s culture and economy at the Culture Innovation Summit during the ASEAN-Korea Summit in Busan. The head of Korea’s No. 1 telecom company suggested creating an association for the content industry across Asia, which he named “TEAM” to stand for “tech-driven entertainment for Asian movement.” “Korea is the third-largest content exporter after the Uni MORE 15 / 7370
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