Shinsegae sold bidder for Coex Mall operation

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‘Google Play Arcade’ to offer interactive mobile gaming in Korea

Google Korea will open a free indoor entertainment space dubbed “Google Play Arcade” at Dongdaemun Design Plaza in Seoul on Friday, with aims to introduce and bring mobile games closer to the wider ...

Updated : 2016.07.28 17:49

Kakao expands transport services

South Korea’s most popular messenger Kakao’s transport services are picking up speed, spanning the gamut from taxi-hailing to navigation. “We are expanding transport services with the aim of reliev...

Updated : 2016.07.28 17:46

LG Electronics posts big jump in Q2 operating profit

LG Electronics Inc. said Thursday its second-quarter operating profit surged 139.5 percent from the same period last year. LG Electronics earned 584.6 billion won ($519.6 million) in the April-June pe...

Updated : 2016.07.28 17:43

Samsung Electronics reaps W8tr profit in Q2

Samsung Electronics posted its best quarterly results in more than two years and it expects continued solid performance in the latter half of this year. The tech giant said Thursday it posted 8.1 tril...

Updated : 2016.07.28 17:32

Samsung SDI suffers operating loss in Q2

[THE INVESTOR] Samsung SDI, the battery arm of Samsung Group, posted operating loss of 54.2 billion won (US$48.13 million) in the second quarter, the company said in its quarterly earnings report on ...

Updated : 2016.07.28 17:18

SK Telecom to increase capex this year

[THE INVESTOR] SK Telecom said July 28 that it would increase its capital expenditure by 100 billion won (US$88.90 million) to 2.1 trillion won this year to upgrade its existing telecommunications inf...

Updated : 2016.07.28 16:57

LG Electronics’ Q2 operating profit jumps 140%

[THE INVESTOR] LG Electronics saw its operating income soar nearly 140 percent on-year to 584.6 billion won (US$519.7 million) in the April-June period on the back of strong sales of home appliances a...

Updated : 2016.07.28 16:15

Naver to nurture ‘next LINE’

[THE INVESTOR] South Korea’s Internet giant Naver said it would try to increase its global presence with its mobile services, including the webtoon platform, Snow, a Snapchat-like app, and V-App, a v...

Updated : 2016.07.28 15:43

LG Innotek to build new camera module factory in Vietnam

[THE INVESTOR] Electronic components firm LG Innotek said July 28 that it would invest US$ 230 million by 2018 to build a camera module factory in Haiphong, the third largest city of Vietnam.The compa...

Updated : 2016.07.28 14:58

Samsung pins high hopes on Galaxy Note 7 launch

[THE INVESTOR] Samsung Electronics is pinning high hopes on its upcoming Galaxy Note 7 smartphone with a curved screen that will debut on Aug. 2 in New York, London and Rio de Janeiro. “Like its Galaxy S7 sibling that is receiving positive market reviews, the Galaxy Note 7 will meet marke...

Updated : 2016.07.28 13:56

Samsung bets on 10-nanometer chip technology

[THE INVESTOR] Samsung Electronics said in its second-quarter conference call on July 28 that it would for the time being focus on rolling out 10-nanometer semiconductors rather than moving onto still...

Updated : 2016.07.28 11:57

Samsung Galaxy S7 Edge outsells its flat-screen sibling

[THE INVESTOR] Samsung Electronics said on July 28 that sales of the curved-screen Galaxy S7 Edge made up more than 50 percent of its total flagship S7 sales in the April-June period. The Korean tech ...

Updated : 2016.07.28 11:41

Samsung far outpaces Apple in smartphone shipments

[THE INVESTOR] Samsung Electronics said on July 28 it has shipped about 90 million handsets in the April-June period with smartphones making up more than 80 percent of the total. Samsung’s second-qua...

Updated : 2016.07.28 11:24

Galaxy S7 drives up Samsung’s Q2 profit

[THE INVESTOR] Samsung Electronics said July 28 that its operating profit increased 18 percent on-year to 8.14 trillion won (US$7.19 billion) in the April-June period on the back of strong sales of t...

Updated : 2016.07.28 10:08

Naver’s Q2 earnings surge 44% on upbeat overseas sales

[THE INVESTOR] South Korean Internet giant Naver on July 28 posted its second-quarter operating profit of 272.7 billion won (US$240 million), up 44 percent from a year ago, largely buoyed by soaring o...

Updated : 2016.07.28 09:59