Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul to more than double military drones by 2026 to counter NK threats
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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[Game Industry] Korean game giants rise in global status
South Korea is home to one of the most advanced digital game markets in the world, ranking fourth in terms of game revenue by country after China, the US and Japan as of 2015. Fueling the growth are Korea’s biggest game companies including Nexon, Netmarble Games, NCSoft and Smilegate — major content exporters that generate a significant part of their revenue from global markets such as China and Europe.Led by these players, the local game industry grew 7.5 percent on-year to 10.72 trillion won (
TechnologyMarch 30, 2017
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[Seoul Motor Show] Hyundai shows off connected mobility, clean energy
Expressing confidence in the areas of future automotive technology, Hyundai Motor unveiled the latest hyper-connected car and autonomous driving technologies at the press preview for the Seoul Motor Show on Thursday, calling them technologies to change overall lifestyle. The nation’s largest carmaker introduced a self-developed platform for connected car service, suggesting that convergence between the automotive and Internet of Things services will place cars as the control tower of smart home
IndustryMarch 30, 2017
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[Seoul Motor Show] Future cars take center stage at Korea’s largest motor show
An auto extravaganza kicks off Friday in Goyang, northwest of Seoul, offering a glimpse into various features of future cars that will change not only the traffic landscape but also urban lifestyles. Under the slogan “Design the future, enjoy the moment,” the Seoul Motor Show has invited 27 car brands from around the world to Kintex. Nearly 300 vehicles, including two world and 42 Korea premieres, will be displayed at the event's 11th outing. (Seoul Motor Show)The show is the only Korean event r
MobilityMarch 30, 2017
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[Game Industry] Nexon out to expand presence in global digital game market
Nexon, a global online game company listed in Japan, is out to drive up its presence in the global game industry by continuing its efforts to offer well-developed games that are strategically localized for markets overseas. Listed on the Tokyo Stock Exchange, Nexon is already an international company, as around 60 percent of its revenue is currently generated abroad, with China being the biggest overseas revenue driver.Since its foundation in 1994, Nexon has produced classic online games such as
TechnologyMarch 30, 2017
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Seoul National University Hospital boasts lead in laparoscopic liver transplants
Mahra Al Dhahouri, a 33-year-old woman from the United Arab Emirates, suffers from autoimmune hepatitis, a disease in which the body’s own immune system attacks the liver and causes inflammation. Her disease progressed to the point that she needed a liver transplant. However, she could not undergo surgery as she could not find a suitable donor that matched her blood type. At South Korea’s Seoul National University Hospital, the patient found a solution: It was possible for her to receive a live
TechnologyMarch 30, 2017
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Kakao to release AI-powered voice assistant platform
South Korean mobile messaging giant Kakao will introduce an artificial intelligence-powered voice assistant platform within the first half of this year, joining forerunners in the field such as Amazon, Google, Facebook and local rival Naver. Kakao, which operates South Korea’s biggest mobile messenger KakaoTalk, announced Thursday that it has formed a new AI division within the company to develop its own AI voice assistant service platform.The company plans to launch the AI assistant platform by
TechnologyMarch 30, 2017
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[Seoul Motor Show] Seoul Motor Show highlights
With 27 participating car brands from around the world, the 11th Seoul Motor Show opening Friday in Kintex, Goyang, is abuzz with new features, designs and technologies geared toward enhanced performance while still being eco-friendly. Here is a brief rundown of the featured automobiles by type. 1. Hydrogen fuel-cell vehiclesHyundai FE Fuel Cell Concept The country’s leading automaker, Hyundai Motor, introduced its Future Eco fuel-cell electric vehicle concept for the first time in Asia. The FE
MobilityMarch 30, 2017
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Organica’s revenue skyrockets with focus on value in nature
A natural food company that initiated a food revolution from a small workshop in Samcheong-dong in 2012 is making its mark in the South Korean food industry. Organica, the organic food developer under Herald Corp., saw its annual revenue jump 108-fold to 86.5 billion won ($77.4 million) in 2016 from 800 million won in 2013. According to the company’s forecast, its revenue is likely to hit 120 billion won this year, which will put the firm on the list of the nation’s 100 largest food companies.Or
IndustryMarch 30, 2017
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[Advertorial] SK changes up way with new ad campaign
SK Innovation, South Korea’s top oil refinery, recently hosted a unique event, inviting consumers and the press to join its pre-ad production featuring artist Garip Ay of ebru painting.Garip Ay, of Turkey, is a marbling artist who has recreated masterpieces such as Van Gogh’s Starry Night on oily water using ebru, one of the oldest Turkish arts, by sprinkling and brushing color pigments. Turkish artist Garip Ay works on a piece during an event organized by SK Innovation on March 24. (SK Innovat
CompaniesMarch 30, 2017
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[Monitor] Youths glued to YouTube
Those in their teens and 20s use YouTube far more than other age group, a survey by Nielson Korean Click showed, reflecting the younger generation‘s preference towards videos and images.KakaoTalk maintained the top spot among all mobile applications by all age group.
TechnologyMarch 30, 2017
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[Seoul Motor Show] BMW highlights speed, luxury and energy efficient vehicles
BMW Group Korea unveiled the new M760Li xDrive, the fastest model in the company’s flagship 7 Series, and showcased the power of its trademark M Performance driving system at the 2017 Seoul Motor Show on Thursday. For the first time in Korea, the German carmaker exhibited the M760Li xDrive’s V12 M Performance twin-turbo power adder engine, which can reach speeds of up to 304 kph. Delivering up to 602 horsepower, the new luxury sedan can reach 100 kph in 3.7 seconds. The engine time is half a s
MobilityMarch 30, 2017
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Seoul shares tad down on institutional selling
South Korean stocks closed slightly lower Thursday, as institutional investors opted to cash in profits from the recent rally amid a lack of fresh momentum in the market, analysts said. The local currency fell against the US dollar. After starting up some 0.3 percent at the opening bell, the benchmark Korea Composite Stock Price Index soon turned lower, closing down 2.34 points, or 0.11 percent at 2,164.64.Trading volume was moderate at 633.5 million shares worth 4.31 trillion won ($3.84 billion
March 30, 2017
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[Seoul Motor Show] Toyota takes hybrid to next level
Among Toyota’s ambitious lineup for the Seoul Motor Show that is set to kick off Friday, much attention is being geared toward the Korean premiere of the LC500h and Prius Prime.Prius Prime is a plug-in hybrid version of Prius that has drawn Toyota’s hybrid technology and style up to a new level. Prius Prime (Toyota Korea)The model, which had its world premiere at the New York Motor Show last year, is praised for having around a 60 percent better fuel efficiency than the hybrid version. The exter
MobilityMarch 30, 2017
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KT, Hyundai Motor shows home-to-car service
South Korea’s mobile carrier KT demonstrated how homes can be connected with cars in partnership with Hyundai Motor Company at a warm-up event for the Seoul Motor Show on Thursday.KT presented its voice assistant-based GiGA Genie platform to Hyundai Motor’s electric vehicle Ioniq, which enabled remote controlling of the vehicle with a driver’s voice, including starting the engine and searching for a destination.KT's GiGA Genie (KT)GiGA Genie is a voice-controlled home entertainment platform laun
TechnologyMarch 30, 2017
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Naver unveils cognitive self-driving technology, AI infotainment platform
South Korean web portal giant Naver on Thursday unveiled intelligence-based self-driving technologies and an infotainment platform for connected cars at the Seoul Motor Show that is set to kick off Friday.At a press day event held a day prior to the show opening, Naver Labs demonstrated a deep learning-based image recognition technology under works at a 1,000-square-meter booth under the theme of “All Ways Connected, Always Intelligent” at Kintex in Ilsan, Gyeonggi Province. Naver is the country
TechnologyMarch 30, 2017
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Regulator to conduct special audit on Samsung BioLogics
South Korea's financial regulator said Thursday that it will conduct a special audit on Samsung BioLogics Co., a biopharmaceutical unit of Samsung Group, over alleged accounting irregularities.The Financial Supervisory Service made the decision on Wednesday, an FSS official said. (Yonhap)The FSS official, who spoke on the condition of anonymity, said the regulator found "unclear parts" in an audit report of Samsung BioLogics, which was revised by the Korean Institute of Certified Public Account
IndustryMarch 30, 2017
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Think tank ups Korea's 2017 growth estimate
The South Korean economy is likely to grow at a faster pace than previously expected in 2017 on the back of rising exports, a leading private think tank said Thursday.In its latest economic outlook, the Korea Economic Research Institute (KERI) projected Asia's fourth-largest economy to grow 2.5 percent this year, up from its earlier 2.1 percent estimate made in December. (Yonhap)The think tank forecast the South Korean economy to expand 2.3 percent in the first half of this year and 2.7 percent
IndustryMarch 30, 2017
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Korea sets up 100 super charging stations EVs in Q1
South Korea has set up 100 hundred super charging stations for electric vehicles in the firs three months of the year as part of the government-led efforts to expand overall infrastructure for green cars, the energy ministry said Thursday.The total numbers built this year alone is equal to all super charging stations in the country at present, and up from zero in the first quarter of last year, according to the Ministry of Trade, Industry and Energy. This photo, provided by Hyundai Motor Co., sh
MobilityMarch 30, 2017
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Korea increases US dollar share of foreign exchange reserves in 2016
South Korea's central bank said Thursday it increased the portion of US dollar-denominated assets in its foreign exchange reserves in 2016 from a year earlier amid the greenback's strength.The Bank of Korea said that its dollar-denominated holdings accounted for 70.3 percent of its overall foreign reserves at the end of 2016, up from 66.6 percent a year earlier. (Yonhap)"The BOK expanded the portion of US dollar holdings in its portfolio of foreign assets in expectation of a strong US dollar," t
BusinessMarch 30, 2017
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Rates for household loans inch down in February
Bank lending rates on new household loans edged down in February and interest rates paid by banks on new deposits also fell, central bank data showed Thursday.The average interest rates on fresh household loans extended by local banks came to 3.38 percent in February, down 0.01 percentage point from the previous month, according to the Bank of Korea.(Yonhap)The BOK data came amid South Korea's efforts to tackle rising household debt. South Korea's outstanding household credit -- which is compose
March 30, 2017