Most Popular
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Yoon sorry for shortcomings but insists policies were right
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S. Korea ‘strongly’ protests Japan’s claim over Dokdo in diplomatic bluebook
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US 'incredibly concerned' about suspected NK-Iran military ties
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Korean won weakens amid heightened uncertainty
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1 in 3 Koreans live alone, family types becoming diverse
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Sewol victims commemorated on tragedy's 10th anniversary
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Seoul says will cut power to porn festival planned on Han River
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Chanel, Louis Vuitton see muted growth in Korea
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Conservative bloc divided over Han’s role in election defeat
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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[Photo News] LGD shows off futuristic displays at CES
LGD SHOWS OFF FUTURISTIC DISPLAYS AT CES -- LG Display unveils on Monday state-of-the-art display technologies including a rollable organic light-emitting display, which will be on display at the International CES from Wednesday through Saturday in Las Vegas. (LGD)
Jan. 4, 2016
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ICT Ministry to invest W4tr in R&D
The Ministry of Science, ICT and Future Planning said Sunday that it would set aside 3.94 trillion won ($3.35 billion) to fund research and development projects for science, technology and information and communications technology in 2016.The fund is part of the ministry’s initiative, dubbed the comprehensive execution plan, aimed at speeding up innovation in the nation’s science and ICT sectors and creating new growth engines for the economy. Choi Yang-hee, Minister of Science, ICT and Future
Jan. 3, 2016
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Competition heating up in fintech sector
“Disrupt or you will be disrupted.” The race for fintech, the convergence of technology and finance, is heating up globally, as innovative minds from outside the traditional realm of finance rush to develop new services and products that promise to change the way finance works. Not to be upended by disruptive newcomers, traditional financial giants are trying to embrace technology through partnerships or investments in fintech start-ups. For Korea, this global phenomenon presents some new bus
Dec. 31, 2015
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Kakao, Line vie in Asian character market
KakaoTalk and Line, the nation’s top two mobile messengers, have been pitted against each other to take the lead in the $20 billion Asian character merchandising market.The two mobile messengers operate their own off-line retail stores, dubbed the Kakao Friends Shop and Line Friends Store, respectively, selling products ranging from dolls and smartphone battery chargers to clothes and jewelry emblazoned with characters and emoticons on the mobile messenger platforms. Line Friends Store in Myeong
Dec. 31, 2015
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Conglomerates compete on next-generation cars
Dec. 9, 2015 was a big day for South Korea’s top two conglomerates -- Samsung and Hyundai Motor. Samsung announced it would set up a new team dedicated to car parts for infotainment systems and self-driving cars, while Hyundai said it would start developing automotive chips through its own electronics unit.Technological convergence across industries has become an increasing trend in recent years, with the automotive sector becoming a fierce battlefield for tech firms and carmakers in the era of
Dec. 31, 2015
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Samsung to showcase venture projects at CES
Samsung Electronics said Wednesday it will showcase venture projects such as a virtual keyboard for virtual reality headsets and a belly fat-tracking smart belt at the Consumer Electronics Show in Las Vegas next week. Samsung launched a venture-accelerating program, called C-Lab, in 2012 to support diverse venture ideas within the company. It will be the first time that the company has unveiled some of the projects at CES, the world’s largest electronics trade show. Key projects to be showcased
Dec. 31, 2015
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One gadget to rule them all: LGE touts smart appliance gateway
After releasing an eye-catching gadget that transforms home appliances into connected products earlier this year, LG Electronics on Wednesday unveiled a new device that serves as a gateway to those smart products.Dubbed the SmartThinQ Hub, the device shows the statuses of connected devices either on its display placed on the top of the cylindrical body or via users’ smartphones. A models poses with SmartThinQ Hub, a cylinder-shaped gadget that collects the data of smart home appliances and shows
Dec. 30, 2015
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Creative economy center supports start-ups to go global
Despite the influx of Chinese tourists, small shops and restaurants in Korea often fail to cater services to travelers due mainly to budget constraints. Below-par services have disappointed many Chinese visitors, curbing their plans to visit the country again.Born and raised on the southern resort island of Jejudo, Lee Min-seok, cofounder and general director of mobile travel application start-up TNDN, wanted to break what he called an “endless vicious circle” in the Korean tourism industry. Lee
Dec. 30, 2015
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Korea to push moon exploration through 2020
South Korea's science ministry said Wednesday it plans to launch a lunar exploration project next year, eventually seeking to send a landing vessel by 2020.Under the first stage of the project that will run from 2016 to 2018, the Ministry of Science, ICT and Future Planning will allocate 197.8 billion won ($169 million) to conduct research and send an orbiter.The ministry said it has already secured a 20 billion-won budget for 2016.South Korea plans to develop the orbiter and the ground station
Dec. 30, 2015
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Samsung mass-produces first all-in-one bioprocessor
Samsung’s all-in-one bioprocessorSamsung Electronics said Tuesday it has started mass-producing the world’s first all-in-one bioprocessor that collects and analyzes biological information such as heart rate and body fat in a single chip. In recent years, global device-makers have been piling into the soaring health care device market, but most of their fitness trackers have not gone much beyond heart rate or sleep quality monitors. With the unprecedented one chip solution, Samsung said it aims t
Dec. 29, 2015
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Dongbu Daewoo Electronics Service names new chief executive
Korea’s third-largest electronics-maker Dongbu Daewoo Electronics said Tuesday that it had named Park Kwang-ho as the new chief executive of its subsidiary and after-sales service company Dongbu Daewoo Electronics Service.The incoming CEO served as the president of pesticide and fertilizer business Dongbu Farm Hannong in 2014 and led express bus operator Dongbu Express as president in 2013. Park Kwang-ho (Dongbu Daewoo Electronics Service)The CEO, who holds a bachelor’s degree in Economics from
Dec. 29, 2015
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LG takes on Dyson with motor tech
LG Electronics has recently made strides in the vacuum cleaner business by successfully developing a next-generation motor for the cleaning device, which the firm said was more powerful and energy efficient than those of Dyson, the world’s top vacuum cleaner-maker.The latest motor, dubbed the BrushLess Direct Current motor, is the successor of the smart invertor motor installed in the firm’s cordless vacuum cleaner lineup Cord Zero, which was released earlier this year. The latest vacuum cleaner
Dec. 29, 2015
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Samsung to showcase IoT-based TVs at CES 2016
Samsung Electronics Co. said Tuesday it will showcase smart TVs equipped with Internet-of-Things platforms at a major consumer electronics exhibition to be held in the U.S. early next year.The South Korean tech giant said it will be using the IoT platform in its entire smart TV lineup for 2016, which will be first introduced at the Consumer Electronics Show 2016 to be held in Las Vegas on Jan. 6-9.The IoT is a concept in which all tangible objects are connected to the Internet and can identify t
Dec. 29, 2015
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Two models rumored for Galaxy S7 release
With the launch date of Samsung Electronics’ Galaxy S7 nearing, market speculation is rampant about the looks and specifications of the latest smartphone model.A local media outlet reported Monday that Samsung’s new Galaxy smartphone will come in two variants -- one equipped with a 5.2-inch display and the other with a 5.5.-inch curved display.Samsung’s move for the next flagship handset is aimed at beating its archrival Apple, which has also deployed a two-track strategy by releasing two produc
Dec. 28, 2015
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SK Telecom bets big on media content
In a bid to brace for cutthroat competition with global media content platform companies including Netflix, mobile carrier SK Telecom has been trying to beef up its capabilities in the media segment through mergers and acquisitions.SKT, which wholly owns Internet Protocol TV operator SK Broadband, announced earlier this year that it would take over CJ Hellovision, the No. 1 cable TV firm in Korea.Following the planned acquisition of the CJ Group affiliate, the mobile carrier will merge the two e
Dec. 28, 2015
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Samsung considers biotech partners to unload shares: report
Samsung Group is considering selling off Samsung C&T shares owned by Samsung SDI to its bio technology partners, possibly global pharmaceutical companies, The Herald Business reported Monday. The report came after South Korea’s Fair Trade Commission on Sunday said the group’s cross-shareholding among affiliates was strengthened following the Sept. 1 merger between Samsung C&T and Cheil Industries. Citing the nation’s antitrust rules that prohibit conglomerates from creating a new circular owners
Dec. 28, 2015
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Korea to allocate 78.9 bln won in fostering digital signage
South Korea's ICT ministry said Monday it will spend 78.9 billion won ($67.3 million) to nurture the digital signage industry in line with its efforts to foster new growth engines.Under the plan, the Ministry of Science, ICT, and Future Planning will make the investments through 2018 into expanding support to related startups while abolishing unnecessary regulations.Digital signage refers to display devices that show advertisements and information in public or commercial areas through networks.
Dec. 28, 2015
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After FTC probe, Samsung to sell off shares
South Korea’s antitrust watchdog on Sunday said that the recent merger of Samsung affiliates has tightened cross-shareholdings among group companies, ordering its battery unit to reduce its stake in the holding company. “The number of cross-shareholding links may have been reduced to seven from 10 following the merger of Samsung C&T with Cheil Industries (on Sept. 1),” the Fair Trade Commission said in a statement. “But we have found the ties have been further strengthened.”The current antitrust
Dec. 27, 2015
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[Photo News] Innovation for disabled
Dec. 27, 2015
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Handset-makers feel sting of enhanced competition
Samsung and LG, the nation’s top two smartphone-makers, are feeling the pinch of enhanced competition on their home turf, a market that used to be called a “tomb” for foreign handset-makers. Despite being squeezed between Apple’s iPhone and cheaper phones from Chinese runners-up in the global market, the two Korean tech giants have long enjoyed dominant market positions at home. But more recently foreign brands are fast gobbling up their market shares, forcing Samsung and LG to turn to less prof
Dec. 27, 2015