Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Golden chance to liquidate babies’ gold rings?
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Inflation eases in April, continues bumpy ride
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Seoul to more than double military drones by 2026 to counter NK threats
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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 alerts overseas missions to NK terror threats
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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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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Conversing with your fridge: Samsung showcases S Voice
Imagine you are in the middle of cooking dinner at home when suddenly you remember the nearly empty carton of milk for your son. All you need to do is say to your refrigerator, “Hi, Samsung! Find milk at E-mart.” Or, if you’ve forgot the next cooking step, just call up a recipe from the fridge. It will read it aloud. Samsung Electronics on Tuesday highlighted the enhancement of its voice recognition technology S Voice, as the tech giant launched its latest smart refrigerator model that went on s
TechnologyMarch 28, 2017
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Korea’s GDP slightly up, per capita income still below $30,000
South Korea’s annual economic growth was slightly revised up to 2.8 percent last year but the nation’s per capita income failed to reach $30,000, the Bank of Korea’s data showed Tuesday.According to the central bank, the real gross domestic product expanded 2.8 percent in 2016 from a year earlier, 0.1 percentage point up from the previous estimate of 2.7 percent, due to larger-than-expected construction spending in the fourth quarter.“We had previously expected that the construction spending in
March 28, 2017
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LG sues US smartphone maker BLU over patent infringement
LG Electronics said Tuesday it has filed a lawsuit against US-based rival BLU over alleged patent infringements. The company said the US phone manufacturer has infringed five Long Term Evolution standard-related patents owned by LG. (LG Electronics)LG has held the largest number of LTE and LTE-Advanced standard essential patents in the US for five straight years since 2012, according to TechIPM, which analyzes US patents. BLU is the sixth-biggest American smartphone maker and sold about 5.2 mil
TechnologyMarch 28, 2017
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‘Summoners War’ becomes highest-grossing Korean mobile game
South Korean game developer Com2uS said Tuesday that its hit mobile game “Summoners War” has become the first Korea-made mobile game to rake in more than 1 trillion won ($900 million) in cumulative revenue. This makes “Summoners War,” a mobile role-playing game launched worldwide in April 2014, the highest-grossing Korean mobile game to date, Com2uS said.After its launch three years ago, “Summoners War” became the No. 1 mobile game in the Apple App Stores of 53 countries and Google Play Stores o
TechnologyMarch 28, 2017
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Exporters rosy on Q2 biz conditions
A majority of South Korean exporters are optimistic about their business conditions in the second quarter of this year on the back of a recovery in global trade, a poll showed Tuesday.The export business survey index (EBSI) of 828 exporting companies polled came to 106 for the April-June period, up sharply from 93.6 the previous quarter, according to the Korea International Trade Association (KITA). (Yonhap)It marks the first time in 13 months that the EBSI has exceeded the benchmark 100 level.
March 28, 2017
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'Naver on track to fulfilling technology platform vision'
South Korean internet giant Naver is on track to completing its envisioned transformation into a “technology platform” that brings cutting-edge technologies such as artificial intelligence, voice recognition and autonomous driving into everyday services, its new CEO said Tuesday. Since first announcing its new direction last November, the country’s biggest web portal operator has made progress in rolling out diverse new tech-infused services, Naver CEO Han Seong-sook said in her first press conf
TechnologyMarch 28, 2017
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SK Telecom to feature 5G baseball stadium in Incheon
SK Telecom, South Korea’s biggest mobile carrier, said Monday that it will showcase diverse services running on the next-generation 5G network at Incheon SK Happy Dream Park, the home stadium of the SK Wyverns. SKT has set up a large-scale 5G trial network throughout the baseball stadium and will operate a number of 5G-dependent services for a large crowd of around 20,000 visitors slated to attend the games from Friday to Sunday. “We’ve prepared the 5G stadium to show how services currently host
TechnologyMarch 28, 2017
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KT chief to run the 5G forum for next two years
Oh Seong-mok, head of KT’s network division, was selected as the chair of the 5G forum Monday during its 5th regular general meeting held at the Seoul JW Marriott Hotel. The 5G forum, established in 2013, encourages Korean companies to take initiatives in the global arena through research and development on 5G technology and its standardization. Head of KT's network division, Oh Seong-mokAlong with the three mobile communication companies, Samsung, LG, Ericsson LG, various manufacturers and ve
IndustryMarch 28, 2017
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Daewoo Shipbuilding delivers world's first icebreaking LNG carrier
Daewoo Shipbuilding & Marine Engineering Co., a leading global shipyard, said Tuesday that it has successfully delivered the world's first icebreaking liquefied natural gas carrier to a Russian client.In 2014, Daewoo Shipbuilding clinched a deal from Russia's state-run shipper Sovcomflot to build an icebreaking LNG ship. The contract marked the first time that such a vessel was ordered. (Yonhap)In that year, the South Korean shipbuilder clinched deals valued at a combined $14.8 billion from Russ
IndustryMarch 28, 2017
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SsangYong confirms Mahindra chairman’s Seoul Motor Show attendance
Anand Mahindra, chairman of Mahindra Group, which owns SsangYong Motor, will be attending the upcoming Seoul Motor Show, the local automaker confirmed Monday. Mahindra is slated to unveil the world premiere of SsangYong Motor’s new premium sport utility vehicle, the G4 Rexton, at this year’s Seoul Motor Show during the event’s press day Thursday. The motor show will officially open to the public Friday. The new G4 Rexton SUV (SsangYong Motor)The vehicle was previously referred to by its code n
MobilityMarch 28, 2017
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Hyundai adopts more safety features to woo customers
South Korea's top carmaker Hyundai Motor Co. said Tuesday it has added more active safety features to its latest models to lure customers keen to drive safer vehicles.The move is part of Hyundai's efforts to grow in the rapidly evolving and highly competitive auto market where not only safer cars but those equipped with self-driving artificial intelligence systems are expected to become more commonplace moving forward. Hyundai Motor's all-new Grandeur sedan with a 3.3-liter gasoline engine (Yonh
MobilityMarch 28, 2017
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Air passenger traffic up 12% in Feb on budget carriers
South Korea's air passenger traffic rose 8.7 percent last month from a year earlier, as customers traveled more on low-cost carriers, the transportation ministry said Tuesday. The number of passengers who booked air tickets on domestic and international routes jumped to 8.84 million in February from 8.13 million a year earlier, the Ministry of Land, Infrastructure and Transport said in a statement. (Yonhap)"It was mainly due to an increase in flights offered by budget airlines," a ministry offi
IndustryMarch 28, 2017
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K-Food popular in ethnic markets in US
South Korea's food exports to the United States are expected to reach $1 billion for the first time this year owing to their brisk advances into ethnic markets, the Korea Agro-fisheries and Food Trade Corp.'s branch here said Monday. "Korean agro-fishery and food products, called K-Food, which have been mainly consumed by Korean residents in the US, are making aggressive inroads into the Chinese, Hispanic and Filipino markets," branch head Lee Joo-pyo said. A K-Food fair in Los Angeles (Yonhap f
IndustryMarch 28, 2017
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Seoul shares slightly up in late-morning trade
South Koreans stocks traded slightly higher late Tuesday morning, buoyed by gains in blue-chip exporters, analysts said. The benchmark Korea Composite Stock Price Index added 3.31 points, or 0.15 percent, to 2,158.97 as of 11:20 a.m. Tech giant Samsung Electronics climbed 0.83 percent, with steelmaker POSCO advancing 1.3 percent. Top cosmetics maker AmorePacific also rose 1.4 percent. But auto and IT shares moved in negative territory. Kia Motors, the smaller affiliate of Hyundai Motor, fell 0.4
March 28, 2017
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Naver beats Google in Android maps used by Koreans
The mobile map app powered by South Korea's top portal operator Naver Corp. attracted more local Android users than the map app made by US giant Google Inc., data showed Tuesday.According to the data compiled by industry tracker Wiseapp, Naver's map app boasted 8.08 million monthly active users on the Android platform here in February, compared to 7.66 million posted by Google. (Yonhap)The map app served by Kakao Corp., South Korea's No. 2 portal operator, followed with 3.09 million users, the
TechnologyMarch 28, 2017
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Sneakers sales rise sharply in 2016 amid growing popularity of running
Sales of sneakers rose sharply last year from a year earlier, industry data showed Tuesday, as health-conscious people of all ages are opting to run as an easy way to exercise.Sales of sneakers posted a whopping 96 percent rise last year from the previous year, according to data by online shopping mall 11Street. The comparable figure was three percent in 2015. (Yonhap)Gmarket, another online retailer, reported a 33 percent increase in the sales of sneakers last year from the previous year.The sh
IndustryMarch 28, 2017
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Korea to focus on 4th revolution in mapping out 2018 budget
South Korea will focus its fiscal policy on pushing forward with the fourth industrial revolution next year, as well as improving job creation, tackling a low birthrate trend and economic polarization, the finance ministry said Tuesday.The 2018 budget guidelines, which were approved by the Cabinet, are aimed at improving fiscal efficiency and allocating government funds to pressing issues and boosting growth potential moving forward, according to the Ministry of Strategy and Finance. (Yonhap)Bas
March 28, 2017
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Rising import cost of fishery goods push up domestic prices
Local fishery prices have risen steadily in recent months, government data showed Tuesday, amid sharp increase in cost to import such goods.Prices of fishery products soared 6.4 percent in February from a year earlier, according to the data by Statistics Korea. (Yonhap)The comparable figures were 6.6 percent in January and 5.1 percent in November.The price hike is attributed partly to the climbing costs caused by declining catches abroad, a Statistics Korea official said. He cited abnormal weath
IndustryMarch 28, 2017
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Duty-free shops, hotels suffer dip in Chinese sales amid THAAD row
Duty-free stores and hotels in South Korea are suffering a dip in sales after China's travel agencies stopped selling trips to Korea early this month, industry sources said Tuesday, stemming from a diplomatic row over Seoul's deployment of a US anti-missile system. Lotte Duty Free, the No. 1 duty-free shop in the country, saw its sales from Chinese customers at key branches in Seoul and Jeju island tumble 40 percent between March 20-26, compared with a year earlier, heading for a cumulative 30 p
IndustryMarch 28, 2017
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Koreans evenly divided on issue of income redistribution or growth
South Koreans are almost equally divided on the sticky issue of whether the country's policy priority should be income redistribution or economic growth, a poll said Tuesday.According to the survey of 3,443 South Koreans, 50.4 percent of the respondents said redistribution matters more than growth, with the remaining 49.6 percent replying growth is more important. (Yonhap)Nearly 54 percent of low income earners answered income redistribution is more important than economic growth, according to t
March 28, 2017