Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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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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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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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
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Let’s finally end debate over tech bubble
Jeff ImmeltLet’s finally end the debate over whether or not we are in a “tech bubble.”There has been talk of a bubble going back to 2011 and it continues to rage today.I believe that this is shortsighted and rooted in the belief that at some point the tech industry must undergo the same unfortunate “burst” as in 2000.This line of thinking ignores the immense value that digital technologies have already created in the consumer world: the “app economy” alone is worth an estimated $300 billion.More
Dec. 25, 2015
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Kakao merges game subsidiaries
Kakao, operator of Korea’s most-used mobile messenger KakaoTalk, said Thursday two of its game subsidiaries ― Daum Games and Nzin ― will be merged next year, in a bid to beef up its sluggish game businesses.The board members of Nzin and Daum Games agreed Wednesday to merge the two companies. The process will be completed after an extraordinary shareholders meeting in February next year, according to Kakao. Nzin CEO Namkoong Whon (Kakao)“Kakao expects that the merger will create synergy for growt
Dec. 24, 2015
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LG's latest V10 smartphone makes strong debut in U.S.
South Korea's No. 2 handset maker LG Electronics Inc. said Thursday that it has sold more than 450,000 units of the V10, its latest high-end smartphone, in the United States, less than two months after its official launch.The figure translates into 10,000 units per day, the company said.LG said the V10 was especially popular with the younger generation, with 37 percent of its consumers aged between 25 and 34.The 5.7-inch LG V10 features a QHD IPS Quantum display and a small rectangular screen ab
Dec. 24, 2015
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‘Korean start-ups still in need of trailblazers’
PALO ALTO, California ― After 20-year-old Pak Se-ri triumphed as the youngest winner of the 1998 U.S. Women’s Open in her rookie year, her success, followed by 24 more tour wins, inspired a wave of young Koreans looking to follow her lead. Today, Korea dominates women’s golf, as a new generation of players including Choi Na-yeon and Park In-bee ― called “Seri Kids” by the Korean media ― have followed the World Golf Hall of Famer’s footsteps in the LPGA.Korea’s start-up industry is a lot like the
Dec. 23, 2015
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LG to unveil new premium brand Signature at CES
LG Electronics said Wednesday it would unveil its new high-end home appliance brand “LG Signature” during the upcoming Consumer Electronics Show in Las Vegas next month. After its official debut at the world’s largest electronics trade show, the brand will roll out in the U.S., Europe and Korea in the first half of next year, the company said. The new brand represents the sleek design and upgraded product quality of its high-end home appliances. This is the first time for LG to have a subbrand
Dec. 23, 2015
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LG Uplus CEO stresses ‘field management’
LG Uplus CEO and vice chairman Kwon Young-soo made his first visit to retail shops in Seoul and Gyeonggi Province to inspect sales activities and encourage employees this week. Kwon took office on Nov. 27 to lead the nation’s No. 3 telecom company. Over the past month, the company said he has met executives, managers and working-level employees to better communicate with them. “Creative services can make a big difference. We can find solutions through field management,” he said during a store v
Dec. 23, 2015
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‘Streaming music boon to music industry’
Often touted as a game changer in the music industry, growing streaming music services are a bone of contention in Korea as in many other global markets.Concerned over the idea of “free music” services on the streaming platforms, the nation’s major music copyright groups are not shy in expressing their displeasure, arguing that streaming music negatively impacts the music industry.The head of Korea’s first and largest ad-supported music streaming services firm said the opposite: The streaming mu
Dec. 23, 2015
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[Newsmaker] Kakao in spotlight for fat paychecks
Kakao, Korea’s fast-sprawling mobile empire built on the omnipresent phone messaging service KakaoTalk, is in the public spotlight for fat paychecks. The KOSDAQ-listed firm was the highest-paying workplace among the top 100 companies by market capitalization in Korea last year, leading by a big margin a pack of older and larger corporate players such as Samsung Electronics.According to data compiled by CEO Score, an online business information provider, Kakao employees took home an average of 17
Dec. 23, 2015
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VCNC unveils 15 hot dating spots in Korea
Naksan Park, a low-height mountain with trekking trails that overlook the Daehangno area in northern Seoul, topped the list of the best dating spots. The park, which earned its name from its resemblance to the hump of a camel, or “nakta,” offers great night views of the northern part of the city. Between Date (VCNC)Following Naksan Park were Common Ground, a shopping mall built out of shipping containers in Gwangjin-gu, Seoul, and Dongdaemun Design Plaza, an exhibition center in Dongdaemun-gu, S
Dec. 22, 2015
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[Photo News] LG unveils new G PAD tablet with LTE support
NEW LG TABLET HITS SHELVES -- LG Electronics said Tuesday that it would release the G Pad II 8.3 LTE with Long-Term Evolution support through mobile carrier LG Uplus from Wednesday in Korea. The new tablet PC sports an 8.3-inch full HD display, a micro SD slot and a stylus. (LGE) NEW LG TABLET HITS SHELVES -- LG Electronics said Tuesday that it would release the G Pad II 8.3 LTE with Long-Term Evolution support through mobile carrier LG Uplus from Wednesday in Korea. The new tablet PC sports a
Dec. 22, 2015
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‘Fake battery is culprit behind hoverboards fires’
Hoverboards, battery-powered self-balanced scooters which are now the hottest holiday gift in the U.S., are literally too hot. Some of them catch fire or even explode, injuring riders, which prompted an investigation by the U.S. regulators to find the exact cause.Amid increasing concerns over possibly defective lithium-ion batteries deployed in the devices, battery-maker Samsung SDI said most of the batteries involved in the fire and explosion cases were made by counterfeiters. Counterfeit lithi
Dec. 22, 2015
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SK hynix engages in voluntary activities in Cambodia
SK hynix employees participated in a two-month voluntary program in Cambodia by paying visits to local schools and welfare facilities to give away educational kits and donations, and participate in cultural exchange events, according to the chipmaker Monday. The outreach program held in Siem Reap in northwestern Cambodia from Oct. 18 to Dec. 19 was aimed at helping SK hynix employees get global mindsets and supporting local children in need. SK hynix employees take part in a two-month voluntary
Dec. 21, 2015