Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Official campaigning kicks off for April 10 elections
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Korea enters full election mode
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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[Kim Seong-kon] The April 2024 election will decide our future
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Immigrant woman stabbed to death by Korean husband
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Seoul’s bus union prepares for strike
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SK names Korean AI system ‘Aibril’
SK Holdings C&C on Thursday announced “Aibril” as the name of the Korean version of Watson, an artificial intelligence system created by IBM. Aibril is a combination of “AI” and “brilliant,” illustrating how the increase in intelligence will prove fruitful, according to company officials. “Aibril will play a significant role in helping start-ups and IT developers create various applications for robots and mobile devices,” the firm said in a statement.SK C&C, the information technology services a
May 12, 2016
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Kakao’s profit plunges 65% in Q1
Kakao Corp., the operator of the immensely popular mobile messenger app Kakao Talk, on Thursday reported an almost 65 percent plunge in net profit in the first quarter due to its slowing ad sales and increased costs. The company’s net profit was down 64.5 percent to 10.9 billion won ($9.3 million) in the first three months of the year compared to a year ago. Its sales rose 3.5 percent to 242.4 billion won during the same period.The company said its ad business suffered seasonal weak demand in th
May 12, 2016
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Korea creates new 'control tower' on sci-tech policy
Korea launched a presidential council on science and technology Thursday to oversee the nation's efforts to overhaul the research and development (R&D) sector.The "strategic" panel, headed by President Park Geun-hye, will serve as a "control tower" and a "trouble shooter" for Korea's overall science and technology policy, said the Ministry of Science, ICT and Future Planning. President Park Geun-hye (Yonhap)Park presided over the inaugural session of the council at her office Cheong Wa Dae, atte
May 12, 2016
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Four Grit expands UX analysis product range to B2C market
The startup Four Grit, a UX (user experience) analysis company founded only six months ago, announced on May 9 that it would be expanding its product range from the B2B (business-to-business) to B2C (business-to-consumer) market.Four Grit (CEO: Tae Joon Park) provides an automated service that analyzes its clients’ web services, searches for a wide range of problems, and provides them with a report of its findings. It not only analyzes key indices such the inflow and purchases of actual users, b
May 12, 2016
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Ericsson-LG demonstrates 5G network tech in Korea
Ericsson-LG demonstrated the next-generation network 5G on Thursday. It marked the first time that the network equipment manufacturer had showcased the network in Korea. The 5G network equipment used for the demonstration offered a peak download speed of 26 gigabit per second, around 350 times faster than the current Long-Term Evolution network. “I feel proud of the Ericsson-LG researchers at the Anyang R&D center who are contributing to achieving technical innovation for both Korean and global
May 12, 2016
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Park vows to overhaul Korea's R&D system
President Park Geun-hye vowed Thursday to innovate Korea's research and development (R&D) system, stressing the country's prowess in science and technology is the key to staying ahead of the competition. Park made the latest pledge as Korea is finding itself "sandwiched" between intense competition with advanced countries and challenges by emerging economies that have managed to bridge the technology gap to a considerable extent President Park Geun-hye (Yonhap)A weaker Japanese yen and China's
May 12, 2016
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Kakao's Q1 net dips 65% on slumping ad biz
Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Thursday its first-quarter net profit plunged 64.5 percent, as its advertisement business suffered falling seasonal demand and it spent big on new businesses.Net profit reached 10.9 billion won ($9.3 million) in the January-March period, compared with 30.8 billion won the previous year, the company said in a regulatory filing. Operating income also dropped 47.7 percent on-year to 21 billion won, while sales rose 3.5
May 12, 2016
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[Photo News] LG CordZero mopping cleaner
LG Electronics on Wednesday launched a new CordZero vacuum cleaner with a wet mop function. After the front motor sweeps dirt, a mopping kit dampens a cleaning pad and wipes the floor. The cleaner is priced at 429,000 won ($366). (LG Electronics)
May 11, 2016
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KT creates 5G alliance with Samsung, Nokia
South Korean network operator KT has formed an alliance with global network equipment firms including Samsung Electronics and Nokia to jointly roll out technology standards and services of the next-generation network 5G for the 2018 Pyeongchang Winter Olympics.The network operator said Wednesday that the company and its partners have launched the strategic alliance, dubbed KT 5G Development Forum, though which participants will develop mobile devices and network systems running on the 5G network
May 11, 2016
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Microsoft to launch two data centers in Korea
Microsoft is hoping to expand its presence in the nation’s nascent but fast-growing cloud service market, launching two data centers here by 2017. Its Korean operations said its two centers in Seoul and Busan will be operated from September 2017. The company did not specify the location and size of the facilities, citing privacy of corporate clients. Microsoft Korea CEO Alfred Koh speaks at a press conference in Seoul on Wednesday. (Microsoft Korea)“We had some limitations in meeting local dema
May 11, 2016
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[Photo News] Apple iPhone SE arrives in Seoul
A sales person poses with Apple’s iPhone SE at a retail store of SK Telecom on Tuesday. The 4-inch screen iPhone went on sale in Korea on the day through local telecom carriers and retailers. Prices start from 569,800 won ($485) for the basic 16G model. (Yonhap)
May 10, 2016
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LG’s mobile division plans personnel reshuffle
LG Electronics’ mobile communications division has decided to carry out a sizeable personnel reshuffle after months of operating losses. “We need to change the way we work to move faster and lighter,” the company’s CEO and mobile chief Cho Juno said in an email message to employees Monday. LG Electronics CEO Cho Juno“Other business divisions also need people from MC (mobile communications). We will continue to reshuffle personnel.”The reshuffle plan comes af
May 10, 2016
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SK C&C, IBM eye 'Korean Watson'
SK Holdings C&C, the information technology services unit of SK Group, said Monday it has teamed up with IBM to launch the Korean version of the U.S. tech giant’s artificial intelligence system Watson early next year. The two companies plan to develop a set of new application programming interfaces within the year that will allow Watson to understand Korean and communicate in Korean. Even after the service launch planned next year, the system will continue to learn Korean upon almost five years
May 9, 2016
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LG Styler sales doubled in China
LG Electronics said Monday its clothing care system LG Styler saw monthly sales double in China in the first five months of this year compared to the previous year. The company did not provide specific sales figures. The Styler is a steam closet designed to refresh clothes without washing or ironing them. It doesn’t use chemical detergents, but instead uses steam to deodorize fabrics. The moving hangers shake the wrinkles from the steamed garments. Customers check out an LG Styler at a shop in
May 9, 2016
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Samsung chairman stable after 2 years in hospital
After nearly two years since he was first hospitalized, Samsung Electronics chairman Lee Kun-hee’s health is said to be stable currently. Even though the company does not reply to media inquiries about the chairman’s health, industry watchers assume that he is in stable condition but shows no sign of improving. Samsung Electronics chairman Lee Kun-hee (Yonhap)“The chairman’s health is his private issue. We do not comment on it,” said a Samsung spokesperson, declining to be named. The Samsung pa
May 8, 2016
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[Photo News] LG Signature at Prague Spring Festival
May 8, 2016
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Samsung creates task force to develop chips for self-driving cars: report
Samsung Electronics has recently set up a new task force to develop chips for self-driving cars, a local news daily reported Sunday. The decision came almost six months after the Korean tech giant launched a new separate team for automotive parts late last year under its chip business division. Citing unnamed sources, the daily said the task force consists of researchers from the chip division’s system LSI unit that produces non-memory chips for mobile application processors and image sensors fo
May 8, 2016
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LG outguns Chinese rivals in U.S. smartphone market
LG Electronics seems to be on course to solidify its presence in the U.S. market, outrunning its Chinese rivals Huawei and Lenovo. The Korean smartphone-maker has reclaimed the third spot in the U.S. in March, taking up 17.1 percent of market share, according to a report released by Counterpoint Research, a market researcher, on Thursday.The market share is the third highest after Samsung Electronics and Apple, which held 28.8 percent and 23 percent in the same month, respectively.Chinese smartp
May 5, 2016
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[Photo News] LG celebrates month of family
Tech firm LG Electronics rolled out a massage chair featuring 10 different massage settings and a sleek design to commemorate the month of family in May on Thursday. (LGE)
May 5, 2016
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Samsung reaffirms no plan for OLED TV
Samsung Electronics president and TV chief Kim Hyun-seok on Tuesday reaffirmed that the company has no immediate plan to produce organic light-emitting diode TVs. But the tone and manner was stronger than ever. “I have always said it would take two to three years to consider OLED TV. But now when little progress has been made on its tricky production and high costs since our suspension back in 2013, I wouldn’t say OLED is our future direction,” he told reporters at the company’s headquarters in
May 4, 2016