Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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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
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Samsung considers cutting staff incentives on sluggish sales
A sense of frustration seems to be pervading the halls of Samsung Electronics as incentives for the year 2015, dubbed the overall performance incentive, are anticipated to plunge due largely to its below-par business performance last year.The OPI reward program pays up to 50 percent of the annual salaries of workers within the range of 20 percent of the firm’s excess profits. The Samsung logo at Samsung Electronics’ head office in Seoul. (Yonhap)Samsung also runs their target achievement incent
Jan. 21, 2016
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SK Planet sells off Loen stake to Kakao
SK Planet, owned by South Korea’s largest telecom carrier SK Telecom, said Thursday that it will sell off its 15 percent stake in Loen Entertainment, the operator of MelOn, Korea’s top music-streaming, to the new owner Kakao. The shares were valued at 368 billion won ($302 million). The SK Planet logo. (SK Planet)The company said that the decision was made during a directors’ meeting in the day as part of its business restructuring that has continued since last year to pour more resources into p
Jan. 21, 2016
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Sales of UHD TVs to outpace full HD rivals in 2016
The global market for Ultra HD TVs is set to lead the global TV industry throughout 2016, data showed Thursday, beating its full HD rivals in market share for the first time. According to the data compiled by industry tracker IHS, UHD TVs are expected to take up 49 percent of global TV sales this year, hovering far above the 36.6 percent estimated for full HD models. LG Electronics' UHD TVs UHD TVs, often referred to as 4K TVs, boast a resolution of 3,840×2,160, while their full HD counterparts
Jan. 21, 2016
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Samsung starts blood donation drive amid low reserves
South Korea's top conglomerate the Samsung Group said Thursday it has kicked off an inhouse blood donation campaign in an effort to help the country tide over a shortage of blood reserves.The campaign will be carried out at key affiliates' major facilities across the nation until the end of February, with around 20,000 staff members expected to join it, the group said.Samsung said it has also donated two buses with blood donation facilities worth 500 million won to South Korea's Red Cross.Samsun
Jan. 21, 2016
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Samsung sued in Netherlands over Android updates
The Dutch Consumentenbond, the largest consumer advocacy group in the Netherlands, has filed a lawsuit against Samsung Electronics, accusing the Korean tech giant of having delayed software updates for its Android smartphones. The group had been in talks with Samsung about the issue, but no positive outcome was reached, they said. “We saw no other option but to file suit,” the group said in a statement Monday. Citing its own research, the group said that 82 percent of Samsung phones sold in the
Jan. 21, 2016
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Korean start-ups eye Southeast Asian tech boom
As global-bound Korean start-ups struggle to break into the fray of competition in the U.S. and China, a handful are seeking the road less traveled, but booming with potential -- to Southeast Asia. Internet penetration from the Philippines to Indonesia has more than quadrupled in the past five years as rising incomes and rapidly developing infrastructure have allowed nearly 200 million users across the diverse region access to mobile services. And the popularity of Korean pop culture, from musi
Jan. 20, 2016
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[Herald Interview] Big data helps SMEs beat Goliath firms
Although many people talk about big data these days only a few truly understand its potential and actively make use of the related technologies in their businesses, due largely to expensive costs to build and manage infrastructure.Businesses that have swiftly adopted the emerging technology often pose a formidable challenge to leading market players.Video-streaming platform Netflix is a great exemplar as it has successfully integrated big data systems in its streaming services to meticulously an
Jan. 20, 2016
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Samsung overhauls contract chip business: report
Samsung Electronics has started a large-scale inspection into its contract chip business division that recorded almost 1 trillion won (820 million) loss in 2014, The Herald Business reported Wednesday. The System LSI division, part of the semiconductor unit, produces non-memory chips for mobile application processors, image sensors for cameras and TV displays.Samsung’s System LSI division chief and president Kim Ki-namAccording to the report, the inspection aims to look into the division’s inves
Jan. 20, 2016
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South Korea rules the world as most innovative economy
In the world of ideas, South Korea is king.Germany, Sweden, Japan and Switzerland rounded out the top five in the 2016 Bloomberg Innovation Index, which scored economies using factors including research and development spending and concentration of high-tech public companies.South Korea notched top scores worldwide for manufacturing value-added as well as for tertiary efficiency ― a measure that includes enrollment in higher education and the concentration of science and engineering graduates. W
Jan. 20, 2016
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LG Innotek to focus on new growth business
Korea’s leading smartphone camera module-maker LG Innotek said Tuesday that it would focus on electronic components and materials in a bid to seek new growth engines.The company said it plans to rake in 200 billion won ($166 million) in revenue in the business in the next three years.LG Innotek CEO Park Jong-seok. (LG Innotek)Outlining its mid- and long-term plans, the company also said it would jump in the businesses for the metal power inductor, which helps prevent abrupt changes in electric c
Jan. 19, 2016