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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‘League of Legends’ redefines e-sports in Korea
Korea’s enthusiasm for online games may have started with “StarCraft” decades ago, but the fever ― now called e-sports ― has continued to evolve with “League of Legends.”Since its debut in 2011, League of Legends, more widely dubbed “LoL,” has become one of the world’s most popular online games. It is also the highest-earning game that raked in $1 billion last year, according to SuperData, a market research firm. Fueling the global sensation, among other things, are its immensely popular profess
Dec. 2, 2015
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Coupang founder has 'unrelenting focus': investor
SAN FRANCISCO ― All it took was one phone call in 2009 for Silicon Valley investor Jai Choi to put his money on a fledgling start-up called Coupang.Its founder, Bom Kim, had just dropped out of Harvard Business School with three or four months’ worth of data in hand. He envisioned transforming e-commerce starting in his native Korea through a systematic approach to sales, operations and customer service. Judging by the sharp way Kim answered their questions, Choi recognized his unique understand
Dec. 2, 2015
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[Photo News] LG displays OLED TV at Grand Central Terminal
LG OLED TV IN NYC -- LG Electronics said Wednesday that it would run a roadshow to display its high-end organic light-emitting diode TVs at Grand Central Station in Manhattan. The event will be held until the end of this month. (LGE)
Dec. 2, 2015
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[Photo News] Gear S2 pop-up store for holiday
GEAR S2 POP-UP STORE FOR HOLIDAY -- Samsung Electronics said Wednesday it would operate a pop-up store for its smartwatch Gear S2 during the year-end holiday season in Garosu-gil, Seoul, a street brimming with upscale coffeehouses and clothing shops. (Samsung)
Dec. 2, 2015
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SKT to invest W5tr in media platform business
Facing a looming battle with global media behemoth Netflix, mobile carrier SK Telecom said Wednesday it would invest around 5 trillion won ($4.3 billion) in beefing up its media platform business for the next five years. The investment plan came on the heels of the firm’s announcement of acquiring CJ Hellovision, the nation’s largest cable TV operator and an affiliate of CJ Group.The Korean mobile carrier unveiled its plan earlier last month to merge its wholly owned Internet TV operator SK Broa
Dec. 2, 2015
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Samsung’s new mobile chief vows to retain market leadership
Samsung Electronics’ new mobile business chief Koh Dong-jin vowed to maintain the company’s leadership in the world’s smartphone market despite market concerns about competition from rivals.Entering Samsung’s head office in Seocho-dong, Seoul, on Wednesday, the new president of the mobile communications business -- a smaller unit under the firm’s IT and mobile communications division -- told reporters that Samsung’s smartphone unit is “not at the end of its rope.” He also pledged that he would m
Dec. 2, 2015
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Korea's radar technology 12th in the world
South Korea's radar technology ranks 12th in the world, putting it further behind advanced nations compared to three years ago, a state research agency said Wednesday.South Korea has been developing an indigenous fighter jet known as the Korean Fighter Experimental project, scheduled for completion by 2025. Controversy over the project's viability grew after the United States refused to transfer four core technologies, including those for active electronically scanned arrayradar.According to a r
Dec. 2, 2015
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Samsung showcases web browsing tool for VR devices
Samsung Electronics Co. introduced Wednesday the beta edition of a web browsing program for its virtual reality devices, allowing users to access more content online.The test edition of Samsung Internet for Gear VR will allow users of Samsung's VR devices to stream various videos online and provide a theater-like experience, the company said.It also allows users to surf the Internet with voice commands, with Gaze Mode activating the screen simply by staring at the menu.Other features from typica
Dec. 2, 2015
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[Newsmaker] Samsung eyes stability in reshuffle
Samsung Electronics on Tuesday named Koh Dong-jin, executive vice president in charge of mobile R&D, as the new mastermind of the company’s flagship mobile business division amid its recent struggle for profitability. A surprise appointment, the 54-year-old engineer’s replacement of the current mobile chief Shin Jong-kyun, 60, hinted at a generational shift in the Korean tech giant’s top brass. “Shin will focus more on long-term strategy and foster new growth businesses,” the company said in a
Dec. 1, 2015
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[Photo News] LG chairman partakes in cultural diplomacy
CULTURAL DIPLOMACY -- LG Group chairman Koo Bon-moo (center) attends a jazz concert Monday in Seoul to mark the 50th anniversary of ties between Korea and Japan. Koo said he wished for the two nations to strengthen their relations through cultural exchanges. (LG Group)
Dec. 1, 2015
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[Photo News] LG establishes collaborative 5G tech center
COLLABORATION FOR 5G -- LG Uplus said Tuesday that it had set up a research and development center for 5G network technology where it would work together with local and global network equipment firms on projects for the next-generation network technology. (LG Uplus)
Dec. 1, 2015
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Samsung replaces Galaxy chief
Samsung Electronics on Tuesday announced it has named Koh Dong-jin, executive vice president in charge of mobile R&D, to lead the company’s flagship mobile business division that has been struggling with profitability despite increased device sales. Shin Jong-kyun, the current mobile business chief who has been affectionately called “Mr. Galaxy,” will step back from day-to-day operations to focus more on long-term strategy and fostering new growth businesses, the company said. He still retains t
Dec. 1, 2015
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S. Korea ranked 1st in ICT development
South Korea was No. 1 in development of its information and communications technologies (ICT), a U.N. agency said Monday, relegating Denmark to second place.On its Website, the International Telecommunications Union (ITU) said Asia's fourth-largest economy ranked first among 167 countries surveyed. Last year, South Korea lost its top spot to Denmark for the first time since 2010.Iceland came in at third, followed by Britain, Sweden, Luxembourg, Switzerland, the Netherlands and Finland. Hong Kong
Nov. 30, 2015
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[Newsmaker] Kakao, KT pin hopes on Internet-only banks
Expectations are reaching new heights for Korea’s first online-only banks, or direct banks, to spark enormous changes not only in the country’s 120-year-old financial sector but also in other industries including information technology and retail.The financial authorities have given preliminary approval to two consortiums ― Kakao Bank and K-Bank, led by mobile messenger creator Kakao and mobile carrier KT, respectively ― to set up the banks with no brick-and-mortar branches. They will be the fir
Nov. 30, 2015
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Samsung plans fewer executive promotions
Samsung Group is expected to carry out a modest promotion of executives this week, reflecting a sense of crisis prevalent across its affiliates, industry sources said Monday. Samsung Electronics vice chairman and the group’s heir apparent Lee Jae-yong is also unlikely to take office as chairman to focus more on improving the profitability of the flagship electronics unit and other key companies. “Many executives do not expect to receive promotions this year. They just want to stay,” said a Samsu
Nov. 30, 2015
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Kakao, KT to launch Korea’s first Internet banks
Two consortiums, led by South Korean Internet giant Kakao and No. 2 telecom operator KT, were approved to launch the nation’s first Internet-only banks next year, the banking authority said Sunday. Under the government’s pilot program, the two banks will offer financial services from deposits, lending and credit cards to foreign exchange transactions through their online platforms only -- the first of their kind in Korea’s 23 years of financial history.Their operations are expected to start afte
Nov. 29, 2015
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LGD to spend W10tr on new plant
LG Display said Friday it would invest a whopping 10 trillion won ($8.7 billion) in building a new plant for organic light-emitting diode displays in Paju, Gyeongi Province. The firm’s recent investment plan is part of its initiative, which was announced in August, to invest 10 trillion won in projects to foster businesses for OLEDs along with liquid crystal displays over the next three years. The nation’s leading display manufacturer will first pour 1.84 trillion won into the construction of a
Nov. 27, 2015
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Cisco exec urges Korean firms to move toward digitization
As digital disruption is accelerating across all industries, top market leaders will be outgunned by challengers quick to adapt to a digitization wave, according to a Cisco executive.Presenting a recent report about technological disruption and future business models at Cisco’s office in Songdo, west of Seoul, Thursday, Ross Fowler, president of the U.S. firm’s Digital Transformation and IoE (“Internet of Everything”) Acceleration in Asia-Pacific and Japan, said that "four out of top 10 companie
Nov. 26, 2015
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Smilegate inks $500m publishing deal in China for ‘Crossfire 2’
Korean game developer Smilegate Entertainment said Thursday it has signed a $500 million exclusive publishing agreement with Oriental Shiny Star for the upcoming “Crossfire 2” online shooting game in China. Qihoo 360 Technology also announced the deal Monday in a NASDAQ filing. Oriental Shiny Star is an affiliate of System Link Corporation, a joint venture between Qihoo 360 Technology, a leading Chinese gaming platform operator, and System Link Corporation, a game developer also based in China.
Nov. 26, 2015
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Koo Bon-joon takes center stage at LG
LG Electronics CEO and vice chairman Koo Bon-joon has joined LG Corp., the group’s holding company, stepping closer to the center stage of the nation’s fourth-largest conglomerate. As part of the group’s annual executive reshuffle on Thursday, Koo was assigned with a crucial mission for LG’s survival in the future -- beefing up next growth engine businesses such as display, battery, energy solutions and automotive parts. While the flagship LG Electronics is suffering from slowing device sales am
Nov. 26, 2015