Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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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
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‘Cloud transition vital for success’
Flexibility and mobility are core elements for businesses to counter challenges in fast-changing business environments.Cloud computing services, which enable people to work anywhere and with anyone, will play a pivotal role in beefing up those two elements and ultimately change the business landscape, according to an executive at Oracle.Steve Deheb, senior vice president at Oracle, speaks at a press meeting held during the Oracle CloudWorld, a cloud conference held in Seoul on Tuesday. (Oracle)“
Jan. 19, 2016
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Oracle hosts cloud computing conference in Korea
U.S. tech giant Oracle Corp. held a large-scale cloud computing conference in Seoul on Tuesday in an effort to tap into the fast-growing South Korean market.The annual Oracle CloudWorld gathering, the first of its kind held in the South Korean capital, brought together around 3,000 officials and experts from the IT industry who shared ideas on the cloud computing industry, the company said.Cloud computing allows users to share conventional computer resources, including software, information and
Jan. 19, 2016
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Korea's IoT market soars 28% in 2015
South Korea's market for the Internet of Things products and services surged 28 percent on-year in 2015, data showed Tuesday, indicating more local firms are jumping on the IoT bandwagon.The country's IoT market was estimated at 4.8 trillion won for 2015, compared with 3.75 trillion won posted a year earlier, the data compiled by the Ministry of Science, ICT and Future Planning showed.The IoT is a concept in which all tangible objects are connected to the Internet and can identify themselves to
Jan. 19, 2016
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Uber launches luxury sedan service in Korea
Uber, the U.S. taxi-hailing app operator, said Tuesday it was officially launching its luxury sedan service Uber Black in Korea. Uber Black drivers pose with Kia’s K9 luxury sedans. Uber KoreaThe premium taxi service teams up with veteran taxi drivers with five or more years of taxi driving experience without an accident or one or more years of deluxe taxi driving experience without an accident. Uber will provide its own service training to drivers on how to offer services that meet Uber Black’
Jan. 19, 2016
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Samsung mass produces faster DRAM
Samsung Electronics said Tuesday it has started the mass production of new dynamic random access memory chips, which have more than seven times the data processing speed of current DRAM chips.The ultrafast solution is the second generation of the company’s first high-bandwidth memory DRAM or HBM DRAM that was produced in 2013. The latest 4-gigabyte version has doubled the speed at lower energy consumption. The new HBM2 DRAM chips are expected to be especially useful for higher-performance comput
Jan. 19, 2016
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Samsung holds luxurious banquet for new executives
Samsung Group held a luxurious banquet to celebrate some 400 newly minted executives and their spouses at the Samsung-affiliated Hotel Shilla in Seoul on Monday. Lee Seo-hyun, fashion business president of Samsung C&T, walks at the entrance Monday of Hotel Shilla in Jangchung-dong, Seoul. (Yonhap)The event is part of a five-day training program for the year’s new executives. Samsung promoted 197 executives in a December reshuffle, the lowest figure from 167 in 2009. Samsung Electronics vice cha
Jan. 19, 2016
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Xiaomi’s affiliate ZMI forays into Korean market
SK Planet, the operator of e-commerce platform 11st, said Monday that it has joined hands with ZMI, an affiliate of Chinese budget smartphone-maker Xiaomi.Some of the Xiaomi affiliate’s flagship products, including portable smartphone batteries, LED lights and electric fans, will be distributed by the Korean partner here. The move came amid heated competition to launch Xiaomi’s products, considered affordable while having comparable specifications, in the Korean market. Lee Chi-hun, the head of
Jan. 18, 2016
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Hopes high for Publicis-Cheil tie-up
Expectations are high for French ad giant Publicis Groupe’s rumored purchase of a controlling stake in Cheil Worldwide, Samsung Group’s advertising agency.According to news reports and industry sources Monday, Publicis, one of the world’s top three ad companies, is considering acquiring a 30-percent stake in Cheil, which has a market value of $1.9 billion. Publicis and Cheil have not yet released respective official statements about the reports, but industry watchers see their partnership as ver
Jan. 18, 2016
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[Photo News] KT to build smart farms with Japanese theme park operator
KT TO BUILD SMART FARMS -- Yoon Kyung-lim(left), head of mobile carrier KT’s future convergence business office, and Katsuyuki Kitagawa, CEO of ASO Farm Land -- operator of the world’s largest agriculture-themed park in Japan -- pose at the MOU signing event to collaborate on building smart farms in Korea, deploying information technology. (KT)
Jan. 18, 2016
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LG Uplus halts online ads featuring Taiwanese K-pop singer
Controversy over a Taiwan-born K-pop singer, who became the center of a political dispute between China and Taiwan for holding the national flag of the island nation on a TV show, is affecting the IT sector in Korea.Mobile carrier LG Uplus said Monday that it would “temporarily stop the online commercials for Chinese handset-maker Huawei’s Y6 smartphone,” featuring Chou Tzu-yu, better known as Tzu-yu here, a member of multinational K-pop band Twice.LG Uplus’ online commercial for Huawei’s Y6 sma
Jan. 18, 2016
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Xiaomi's gadgets to tap deeper into Korean market
Korean online commerce giant 11st Street said Monday it has clinched an agreement with an affiliate of Chinese tech giant Xiaomi Inc. to speed up sales of its smartphone gadgets in the country, reflecting the rising popularity of China-made electronics here.Under the memorandum of understanding with ZMI Communication Technology, the online shopping mall will distribute smartphone-related products including battery packs and light-emitting diode devices, and roll out joint marketing projects. ZMI
Jan. 18, 2016
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LG Display tops global TV panel market in 2015
Korean panel giant LG Display Co. outpaced its archrival Samsung Display Co. in TV panel shipments last year on the back of increased sales in the Chinese market, data showed Monday.LG Display sold 55.3 million TV panels in 2015, up 6.4 percent from 51.9 million units sold a year earlier, the data compiled by industry tracker WitsView showed. The data includes organic light-emitting diode, liquid crystal display and plasma display panel products.Samsung Display, a sister of the global tech giant
Jan. 18, 2016
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SKT-CJ merger sparks paid TV war
SK Telecom and LG Uplus engaged in a verbal duel last week about the former’s planned acquisition of CJ HelloVision, the nation’s No. 1 cable TV operator. On Thursday, LG Uplus CEO and vice chairman Kwon Young-soo publicly criticized the deal, saying: “The deal would hurt fair competition. The government should put the brakes on it.”SKT responded immediately. “Even after the merger, there would be no drastic change in our market share. Instead, we can offer more diverse options to consumers,” th
Jan. 17, 2016