Maze and Doppelpaymer, the two ransomware gangs, have attacked LG, the electronics giant, and Mitsubishi, the Japanese multinational car manufacturer, as the hackers are now threatening both companies with data leaks. It has been reported that screenshots posted to the gang’s blog, which showed several files, as well as source code from the attack. However, LG has not addressed the incident officially, as a statement from the ransomware gang alleges that the hackers managed t

LG, the Korean tech giant, has partnered with Evernym, the US-based company, to develop blockchain ID technology. On May 26, it has been reported by Asian financial news outlet Aju Business Daily that LG CNS — LG’s IT services subsidiary, signed a memorandum of understanding with Evernym, as the collaboration between the two firms aims to develop international digital identity standards at the World Wide Web Consortium. However, to establish the new standard, the two firms de

Huobi to join Klaytn Governance Council, a part of Kakao’s public blockchain project which runs its distributed network under the shared governance. On Feb. 10 a press release was published stating that the move will bolster a roster of some of the world’s largest digital enterprises, including Binance, LG Electronics and Kakao, Klaytn’s parent company. 🤝Huobi to Join Kakao’s Klaytn Global #Blockchain Governance Council.https://t.co/DkVRI543pY — Huobi (@HuobiGlobal) Februar

LG CNS, the IT affiliate of LG and blockchain subsidiary of Kakao, Ground X, are partnering to bridge public and corporate blockchains. On Nov. 21, The Korea Herald reported that the partnership aims to develop mutually compatible infrastructure. Ha Tae-Seok, the head of LG CNS’ future strategic business division, and the CEO of Ground X, Han Jae-Seon attended the formal signing ceremony at the LG CNS headquarters in Magok, Seoul. The Collaboration Will Help Grow The South Ko

LG Corporation, the South Korean electronics manufacturer, has been preparing to launch the production of blockchain-oriented smartphones with technology in the near future. Chosun, a Korean Media Outlet said : “LG is likely to respond to Samsung’s innovation initiative,” a major brand competitor. The Media Outlet further stated that LG is having difficulty separating a potential blockchain phone from Samsung’s previous releases. It has been reported that the company has alr