LG recently took to the stage during MWC 2016, where they introduced their LG G5 flagship smartphone along with many accessories. The G5 features a modular design itself, so many accessories can be attached to its bottom. Yet, other accessories like the 360 Cam or the Rolling Bot are controlled wirelessly with the smartphone, so it is clear that LG is focusing on the interoperability between all of these devices. Now, LG Uplus, a South Korean cellular carrier owned by LG, has announced a few smart-home products to further increase connectivity around their new devices.
The South Korean government will invest in $350 million in some 300 companies it thinks can compete globally in the next four years, to develop an IoT ecosystem with inter-linked “smart devices”.Officials from two key government ministries, the Ministry of Science, ICT and Future Planning; and Ministry of Trade, Industry and Energy, revealed the South Korean investment plan during an IT conference in Seoul on Tuesday.
Although the global smartphone and tablet markets continue to expand, sprawling technology giants such as Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) (NASDAQ:GOOGL) are slowly positioning themselves to capitalize on the rise of several potentially massive and still-emerging technology trends.Here, wearables and connected cars receive ample attention. However, in recent weeks, a number of storylines have focused on the smart home as perhaps the next big thing in tech. Case in point: South Korean tech giant Samsung (NASDAQOTH:SSNLF) recently unveiled the latest iteration of its smart-home device strategy. And while Samsung’s latest hardware appears promising, how should investors be thinking about its odds of success in this market against the likes of Apple and Google?
While the South Korean tech giant is a capable creator of mobile devices, computing components, TVs, and household appliances, it tends to be more of a fast follower than a visionary. It sometimes leans too heavily on gimmicks, or takes too much inspiration from Apple—with an occasional exception—and is still figuring out how to make a killer smartwatch despite six attempts in the last 18 months.
Samsung Electronics has acquired Washington-based home automation start-up SmartThings for an undisclosed sum, the South Korean technology giant announced in a blog post on Friday.
SmartThings builds and sells home automation kits. For a few hundred dollars each, the kits include motion and moisture sensors, and other sensors, all of which relay information to a special hub that users can control and monitor from their smartphones.
Smart Things began its life as a 1.2 million dollar kickstarter success; and now with Samsung reportedly knocking at the door to purchase the company for 200 million dollars, it looks like even bigger things for the brand ahead.
According to Techcrunch, the South Korean electronics giant Samsung has been in talks with SmartThings about its home automation product, although no actual deal has been set just yet.
On-Ramp Wireless announced an agreement to deploy its advanced metering infrastructure (AMI) system for South Korean smart metering company Fountain Springs in collaboration with Korea Telecom. The deployment is part of the country’s Jeju Smart Grid Test-Bed project, considered one of the largest smart grid projects in the world.
ZBB Energy Corp. and its South Korean partner have shipped the joint venture’s first energy storage and power control system to Jeju Island in South Korea, the proving ground for a national smart-grid initiative in that country.
The system from ZBB and Honam Petrochemical will be used in testing the distribution of electricity generated by wind turbines and solar panels. The ZBB EnerStore zinc-bromide flow battery will be used as an advanced electrical energy storage device, the companies said.