LG was once the third-largest mobile phone maker but has lost billion in market revenue to its competitors.
The RideFlux start-up brings together engineers who have given up well-paid jobs with some of South Korea's most prestigious firms to try to build a ride-sharing company for the tech-savvy nation.
Hertz earlier laid off about 10,000 employees and said there was substantial doubt about its ability to continue as a going concern. Its operating regions including Europe, Australia and New Zealand are not included in the US proceedings.
The pandemic lockdowns have solidified the notion of tech companies as a necessity as people’s reliance on the internet, smart phones, apps and social media has significantly increased.
Public health authorities have determined that technology is crucial to apps that will alert people when they have been close to people who have tested positive for the novel coronavirus.
The multi-billion-dollar streaming platform has attracted big Hollywood names such as Steven Spielberg, Guillermo Del Toro and Jennifer Lopez.
The TraceTogether app will work by exchanging short distance Bluetooth signals between phones to detect other participating users in close proximity of two metres.
The foldable-glass Galaxy Z Flip, which looks like a large makeup compact folded up and expands to look like most smartphones, features foldable glass and will come in purple, gold and black, executives say
The South Korean firm also promoted the head of its network equipment business, which analysts said got a lift from a US campaign to convince allies to bar Huawei from their networks.
Lee Sang-hoon and about 25 other defendants were charged with sabotaging union activities at Samsung Electronics' repair unit.
Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, the company CEO Lei Jun said on Sunday, speaking at the World Internet Conference in the eastern Chinese town of Wuzhen.
Huawei's revenues jumped 24.4 percent on-year to $86.2 billion and its profit margin increased 8.7 percent, despite what it called a US campaign to isolate the company globally.
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