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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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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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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Immigrant woman stabbed to death by Korean husband
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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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SKT takes leap forward in 4G emergency services network
Mobile carrier SK Telecom said Tuesday that the company and Finnish network equipment firm Nokia have successfully conducted a test run of a group communication system, which enables hundreds of users to communicate over the network at the same time. Technicians from SK Telecom and Nokia run a test trial of the group communication system. (SKT)Since the current LTE network hits a communications bottleneck when a large group of people try to make calls or send messages at the same time, it fell s
Jan. 26, 2016
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SK hynix Q4 profits plunge on weak demand
South Korean chipmaker SK hynix said Tuesday despite record sales of 18.7 trillion won ($16 billion) last year, its fourth-quarter operating profits plunged by 40.7 percent. The company’s annual sales saw an on-year growth of 10 percent -- the third straight year of record sales -- however, it was hit hard by weakening chip demands globally in the October-December period and operating profits fell to 988.8 billion won. SK hynix’s main factory in Icheon, Gyeonggi Province Sales stood at 4.4 tril
Jan. 26, 2016
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Samsung SDI shareholders agree to spin-off
Samsung SDI shareholders on Monday agreed to spin off the company’s chemicals business into a new affiliate called SDI Chemical, that will be sold to Lotte Chemical within the first half of this year. The battery-making unit of Samsung Group said it will focus more on its flagship business to cater to electric vehicles. Samsung SDI CEO Cho Nam-seong told shareholders the company would invest 3 trillion won ($2.5 billion) into the electric vehicle battery business over the next five years.The sha
Jan. 25, 2016
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Samsung unfazed by Haier-GE deal
Samsung Electronics on Monday said that Haier’s recent purchase of General Electric’s home appliance business would have a limited impact on its businesses in the U.S. and globally. “We see no immediate threat. Our strategy in the U.S. market is different from those of Haier and GE,” said Samsung’s home appliance chief Seo Byung-sam at a new product launch event held at the Seoul headquarters. According to industry sources, the Korean tech giant, as well as its local rival LG Electronics, had tr
Jan. 25, 2016
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KAI succeeds in maiden flight of new Surion medical chopper
Korea Aerospace Industries Ltd., South Korea's aircraft maker, said Monday it has successfully conducted the maiden flight of a new medical transport version of its Surion helicopter.The 20-minute test flight took place at the KAI's headquarters in Sacheon, South Gyeongsang Province, on Friday under the observation of about 40 officials from the defense procurement agency, the Joint Chiefs of Staff, the Army and the Armed Forces Medical Command, according to the KAI. The new chopper will be put
Jan. 25, 2016
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[Photo News] LG portable speakers boast unique design
LG PORTABLE SPEAKERS BOAST UNIQUE DESIGN -- Models pose with tech giant LG Electronics’ tumbler-shaped portable speaker, dubbed the Portable Speaker 360 (left), and a speaker with a wooden body, named the Portable Speaker Classic (right), in Seoul on Monday. (LGE)
Jan. 25, 2016
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Samsung Galaxy S7, LG G5 to be fitted with faster mobile technology
While expectations are high for the Galaxy S7 and G5, the new flagship smartphones of Samsung Electronics and LG Electronics, respectively, an announcement by mobile carrier SK Telecom on Monday offers hints to a new feature on the handsets. SK Telecom employees work at a laboratory of the firm in Seoul. (SKT)Korea’s leading mobile carrier said that it would deploy an advanced uplink carrier aggregation technology, which will increase the upload speed of the long-term evolution network, up to fo
Jan. 25, 2016
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SK Planet steps up efforts to support SMEs
IT solutions developer SK Planet said Monday it has supported around 250 small and medium enterprises to tap into global markets through its e-commerce platform 11st in the second half of last year. The logo of SK Planet, the operator of e-commerce platform 11st. (SK Planet)The SK Group affiliate has been running its e-commerce platform 11st with different names in global markets -- n11 in Turkey, Elevenia in Indonesia, and 11Street in Malaysia.The company ran a Korean zone on the e-commerce web
Jan. 25, 2016
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Samsung SDI shareholders agree to spin-off
Samsung SDI shareholders on Monday agreed to spin off the company’s chemicals business into a new affiliate called SDI Chemical, that will be sold to Lotte Chemical within the first half of this year. Samsung SDI CEO Cho Nam-seongThe battery-making unit of Samsung Group said it will focus more on its flagship business to cater to electric vehicles. Samsung SDI CEO Cho Nam-seong told shareholders the company would invest 3 trillion won ($2.5 billion) into the electric vehicle battery business ov
Jan. 25, 2016
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SK Telecom, Cisco join hands to develop IoT solutions
SK Telecom said Sunday it has teamed up with Cisco Systems International, the U.S. networking giant, to develop new solutions for the Internet of Things technology that connects all machines via the Web. The two companies signed a memorandum of understanding at SKT’s Seoul headquarters on Friday. The new solutions would combine SKT’s ThingPlug, an IoT platform that allows different devices and mobile apps to work together, and Cisco’s infrastructure application technology Fog Computing that off
Jan. 24, 2016
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Pantech to return with new budget phone
Pantech, the nation’s smallest smartphone-maker, which found a new owner while on the verge of bankruptcy last year, is poised to return to the market with a new phone in the summer. The new phone, the first new model since the Vega Pop-up Note phablet in November 2014, aims to target the fast-growing budget-phone market, the company’s CEO Moon Ji-wook said Friday. “This is the right timing to enter the budget phone market. We will be betting on phones that big companies such as Samsung and LG w
Jan. 24, 2016
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[Photo News] Samsung heir poses for selfie
Samsung Electronics vice chairman Lee Jae-yong on Friday poses at a college classroom in Daejeon together with a group of students. The Samsung heir made a surprise visit to Chungnam National University to encourage teachers and students who were participating in the company’s Dream Class programs that tour rural areas every year to offer classes. (Samsung Electronics)
Jan. 24, 2016
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Fake hoverboard batteries plague Samsung, LG
Fake batteries are becoming a headache for Korean battery-makers Samsung SDI and LG Chem, after recent hoverboard fire and explosion cases in the U.S. reportedly involved counterfeit batteries bearing Samsung and LG logos. More than 300 counterfeit hoverboards worth around $94,000 were seized in Miami by the U.S. Customs and Border Protection last week, according to a news report by Sun-Sentinel. A person rides a hoverboard on the street. (Yonhap)The counterfeit hoverboards, which were shipped
Jan. 23, 2016
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LG front-load washer keeps its crown in U.S. for 9 years
Tech giant LG Electronics said Friday that it topped the U.S. front-loading washing machine market for the ninth consecutive year in 2015.Citing a report compiled by market research firm Stevenson Company, the Seoul-headquartered electronics giant said it took the top spot in the U.S. market last year with its market share exceeding 25 percent for three straight years, last year at 25.1 percent. A staffer at a Fry‘s Electronics store in Nevada explains the features of LG Electronics’ Twin Wash
Jan. 22, 2016
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Korea's IT spending to expand 2.4% in 2016
(KOTRA)South Korea's spending on information technology products and services is expected to grow 2.4 percent in 2016 from the previous year, data showed Friday.Asia's fourth-largest economy is expected to spend 86.1 trillion won ($71.4 billion) on IT products and services this year, according to the data compiled by industry tracker Gartner Inc.Of the amount, expenditures on fixed-line and mobile network services are estimated to account for 40.8 trillion won, followed by spending on smartphone
Jan. 22, 2016
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[Photo News] SKT's budget smartphone Sol gains popularity
BUDGET HANDSET GAINS STEAM -- Mobile carrier SK Telecom said Friday that its 5.5-inch budget smartphone Sol, which comes with a price tag of 399,300 won ($332), has attracted around 10,000 preorders for just three days since Tuesday this week. (SKT)
Jan. 22, 2016
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SK hynix launches support group for workers stricken with leukemia
Semiconductor-maker SK hynix said Friday it has launched a committee to support and compensate its workers who developed life-threatening diseases, including various cancers and leukemia, while working at the firm’s chip factories.The establishment of the support and compensation group is in line with the firm’s efforts to comply with proposals made last November by an inspection committee for workplace safety and health at the chipmaker, consisting of 11 medical specialists, scholars, industry
Jan. 22, 2016
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Down-to-earth solution against ransomware for security administrators
Recently, more and more criminals are using ransomware, a type of malware that restricts user’s access to a computer system or encrypts data(office files, pictures, videos etc.), then demands payment to remove the ransomware and restore the files or systems. AhnLab, Korea’s leading cybersecurity company, said in its recent report that both the number of 3 major ransomwares, CryptoLocker, CryptoWall and Teslacrypt, and the number of PCs those hit by them in Korea is growing fast from September to
Jan. 22, 2016
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Government to unveil possible 4th mobile carrier next week
South Korea's ICT ministry said Friday it will determine whether to license the country's fourth mobile carrier next week after months of deliberation on candidates.The three candidates passed an initial government assessment in November in line with the ministry's plan to inject more competition into the market, which is currently dominated by only three -- SK Telecom Co., KT Corp., and LG Uplus Corp. The Ministry of Science, ICT, and Future Planning, which oversees the country's communications
Jan. 22, 2016
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Samsung top sellers of phones, tablets, PCs in Q1-Q3 of 2015
South Korea tech giant Samsung Electronics Co. sold the largest number of so-called smart connected devices in the world in the first nine months of 2015, data showed Friday. Samsung Electronics sold 266 million smart connected devices -- a collective term for smartphones, tablets and personal computers -- worldwide in the January-September period, accounting for 19.3 percent of the total, the International Data Corporation said. U.S. tech behemoth Apple ranked second, selling 205 million iPhone
Jan. 22, 2016