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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Seoul’s bus union prepares for strike
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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LG, Intel tie up for connected cars
LG Electronics and Intel have teamed up to develop 5G telecommunications technology for next-generation cars.They announced their alliance at the Mobile World Congress in Barcelona, Spain, on Monday. Telematics, the combination of wireless telecommunications and GPS technologies, aims to improve driving convenience and road safety for connected cars, including futuristic self-driving cars. LG, which has made a big push in automotive components, is already a market leader in telematics with a ne
Feb. 24, 2016
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[Graphic News] AI takes on human in Go
Anticipation is growing as the showdown between top Korean Go player Lee Se-dol and artificial intelligence software AlphaGo will take place in Seoul early next month. The Go match, consisting of five games scheduled between March 9 and 15, has been garnering attention from the public, enthusiasts of the game and the technology sector.Jung Jae-seung, a bio and brain engineering professor of KAIST, said, “The match between Lee Se-dol and AlphaGo is more than just a challenge posed by an AI progra
Feb. 23, 2016
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SKT, Facebook eye faster connectivity
Korea’s leading mobile carrier SK Telecom said Tuesday that it has joined forces with U.S. social network firm Facebook to establish an organization, dubbed Telecom Infra Project, aimed at advancing the global telecommunications infrastructure and achieving innovation in mobile services.Global information technology companies, network operators and device makers, including Nokia and Intel, have also agreed to join the organization through which they will share core telecom technologies and run j
Feb. 23, 2016
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Samsung renews commitment to virtual reality
Virtual reality stole the show at the Samsung Galaxy Unpacked event Sunday, on the eve of this week’s Mobile World Congress trade show in Barcelona, Spain. Samsung Electronics used its Galaxy Gear VR headset to unveil its latest flagship smartphone Galaxy S7 and its Edge variant and Gear 360, a VR camera. Some 5,000 journalists and industry watchers were invited for an immersive VR demo presenting Samsung’s new products.The new phones have been refashioned with metal, curved styling. They come
Feb. 23, 2016
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KT eyes global alliance to lead 5G standards
Korea’s largest telecommunications firm KT said Monday it would form an alliance with global mobile carriers and network equipment makers to take the lead in setting up standards for the next-generation network, or 5G.The Korean network operator said it has agreed with Japanese mobile carrier NTT Docomo, U.S. mobile network operator Verizon and SK Telecom of Korea to establish the 5G Trial Specification Alliance, aimed at cooperating to develop systems and platforms for test services of the 5G n
Feb. 22, 2016
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Samsung aims to stay on top with Galaxy S7
Samsung Electronics took the wraps off the seventh generation of its flagship Galaxy smartphone in Barcelona on Sunday, a day before the opening of the Mobile World Congress trade show.The firm, which is the world’s largest smartphone marker by sales, also unveiled the next generation of the Galaxy’s variant model with curved displays. Koh Dong-jin, president of Samsung Electronics’ mobile communications business, and Facebook CEO Mark Zuckerberg shake hands at Samsung’s launch event for the Ga
Feb. 22, 2016
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LG unveils G5 modular smartphone
LG Electronics on Sunday unveiled its latest flagship smartphone G5, touting it as the industry’s first modular type smartphone with a “Magic Slot” for enhanced camera and sound functions. “With the new phone, LG will create its own fandom culture among users,” said LG’s mobile chief Cho Juno during the official debut at World Mobile Congress in Barcelona.The G5 has an accessory slot at the bottom, which allows users to swap in different modules. The camera module, called “LG Cam Plus,” includes
Feb. 21, 2016
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Samsung Pay hits 5m subscribers
Samsung Electronics’ mobile payments service Samsung Pay has hit 5 million subscribers, with combined transactions exceeding $500 million in Korea and the U.S. since its debut in August. The Korean tech giant said Saturday it will start the service in China in March and other countries such as Australia, Brazil, Singapore, Spain, the U.K. and Canada in phases later this year. Detailed plans for its future launches and partnerships with local banks and card issuers are expected to be revealed du
Feb. 21, 2016
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Samsung relocation highlights finance units
Samsung Electronics is expected to complete the relocation of its Seoul offices to Suwon, Gyeonggi Province, next month, a move that is widely considered part of Samsung Group’s ongoing business restructuring. Even though the tech giant has been headquartered in Suwon where its production facilities are based since 1973, the Seoul office has played a control tower role together with Samsung Corporate Strategy Office that oversees all group companies. Samsung Group has created the so-called “Sams
Feb. 21, 2016
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[EYE] Developing cholera vaccine in South Korea
One of the most feared infectious diseases in 19th century Korea was inarguably cholera. The first outbreak of the acute diarrheal disease took place on the peninsula in 1821, after the virus spread from India to China’s Qing Dynasty. It is believed the disease killed more than 200,000 in two years starting from 1821. In 1859, another cholera outbreak occurred. This time, some 400,000 people in Korea -- about 50 percent of the entire population at the time -- were killed by the disease. It’s no
Feb. 19, 2016
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LG seeks synergy in refrigerators, water purifiers
LG Electronics on Wednesday unveiled new refrigerator and water purifier products, saying it would seek synergies between the two home appliances to differentiate itself in the premium market. LG entered the water purifier market in 2009 and combined the business with the refrigerator division in 2014. Based on their technological synergies, the company was the first to launch a water purifier refrigerator in Korea in 2013. LG said it would apply its new PuriCare brand to water purifiers. The P
Feb. 18, 2016
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W70m required for average Korean tech start-up
A Google campus in SeoulThe initial capital needed to start a tech venture in Korea is estimated at about 70.5 million won ($57,500) on average, with the most coveted area being mobile apps, a recent survey found Tuesday. Born2Global, a start-up accelerating center affiliated with the Ministry of Science, ICT and Future Planning, recently conducted a survey of 707 Korean start-ups established over the past seven years.The highest number of respondents, or 29 percent, said it took 50 to 100 milli
Feb. 18, 2016
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Netmarble seeks IPO for global expansion
Netmarble Games, the nation’s No. 2 game developer, said Thursday it is seeking an initial public offering later this year in Korea or in other countries such as the U.S. as part of its global expansion plans. “A Nasdaq debut will give us a lot of media attention, which is crucial for our global success. But we are also considering to list on the Seoul bourse,” said Netmarble founder and senior adviser Bang Jun-huk at a press conference. He said more details of the planned public listing, includ
Feb. 18, 2016
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Speculation grows about Samsung’s Cheil sell-off
There is growing market speculation that Samsung Group is considering selling off its advertising unit Cheil Worldwide as part of its ongoing business restructuring led by Samsung Electronics vice chairman and heir apparent Lee Jae-yong. Over the past weeks, French ad giant Publicis Groupe has been rumored to have evinced interest in buying all or a controlling stake in Cheil, which has a market value of $1.9 billion. Cheil, which rarely responds to market rumors, said Wednesday in a regulatory
Feb. 18, 2016
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CrucialTec develops heartbeat-measuring fingerprint verification
Mobile bio-verification firm CrucialTec has developed a biometric verification system recognizing fingerprints and heartbeats at the same time, company officials said Tuesday. The new system Anti-Fake BTP is a combination of the company’s representative product Biometric TrackPad, a fingerprint recognition sensor, and a heartbeat rate monitoring system to block fake fingerprints. Anti-Fake BTP (CrucialTec)Unlike common optical fingerprint scanners, Anti-Fake BTP is designed to prevent fake fing
Feb. 18, 2016
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Winter is coming for Korea's start-up funding
In terms of funding rounds, 2015 was the Korean start-up scene’s seven years of plenty. E-commerce giant Coupang and start-up acquisition machine Yello Mobile raised multibillion-dollar valuations from big-name global investors SoftBank and Formation 8, respectively, while disclosed investments across the industry are estimated to have doubled on-year, according to data by start-up news outlet Tech in Asia.But tech businesses are not immune to economic realities, where the Korean currency has wi
Feb. 17, 2016
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[Photo News] Trial starts for quantum coding
TRIAL STARTS FOR QUANTUM CODING -- SK Telecom CEO Jang Dong-hyun (left) and Vice ICT Minister Choi Jae-yu (center) visit the telecom carrier-led consortium’s testing center for quantum coding technology Wednesday in Bundang, Gyeonggi Province. A national trial network has been built near the metropolitan area to test the enhanced data security technology in an era of the Internet of Things and smart cars. (SK Telecom)
Feb. 17, 2016
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Samsung eyes VR ecosystem through smartphones
Samsung Electronics said Wednesday it plans to use its prowess in smartphones and close partnerships to build up an ecosystem in the virtual reality (VR) sector.The move comes as Samsung Group's top executives tested Gear VR devices during their weekly meeting in Seoul, reflecting the conglomerate's efforts to tap the VR segment as one of its next growth engines. Samsung Group's main headquarters in southern Seoul (Yonhap)"It is important to build an ecosystem for the VR market," said an officia
Feb. 17, 2016
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Naver launches camera app reserved for foods
Korea's top portal operator Naver said Wednesday it released a new photo application through the LINE messenger platform, aiming at meeting users' growing need to post food photos on their social network accounts.The Foodie app provides 24 filters for food-related photos taken by users. Naver said it hopes the new service will follow the path of its selfie app, B612, which boasts more than 10 million downloads around the globe.Naver said the app provides various effects on different menus from c
Feb. 17, 2016
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World’s first braille smartwatch to debut at MWC
The world’s first braille smartwatch, developed by a Korean start-up, will make its debut at the upcoming Mobile World Congress, the telecom industry’s largest gathering in Barcelona next week. According to the developer Dot, the device has 30 braille dots on the watch face so that blind people can send text messages without limitations. Thanks to a special module set that has drastically reduced the size of the device, the price has also become affordable at about $300. While the current voice
Feb. 16, 2016