Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SK hynix pledges W20tr to ramp up DRAM production at home
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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[Photo News] Samsung SDI supplies batteries for Chinese car maker
GIANT CAR-BATTERY MARKET — A model showcases Samsung SDI’s cylinder-shape lithium-ion batteries, which will be supplied to Chinese electric vehicle firm JAC. The batteries will power the firm’s new iEV6S electric SUV with a drive capacity of about 250 kilometers on a full charge. (Samsung SDI)
Nov. 22, 2015
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KT to build LTE network for emergency services
South Korea’s No. 2 telecom carrier said Friday that it has won a pilot project from the government to build a nationwide public safety network based on Long Term Evolution technology – the first of its kind globally. The new Public Safety-LTE system aims to allow fire, police and rescue responders to better communicate with each other using a standard device that operates on the same frequencies. The government plans to pour 2 trillion won ($1.7 billion), attracting network operators and equipm
Nov. 20, 2015
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Samsung to release new budget smartphone this month
South Korean tech giant Samsung Electronics Co. plans to release a new budget smartphone this month in the country, industry sources said Friday, following the rising demand for cheaper handsets.South Korea's No. 2 mobile carrier KT Corp. will become the exclusive distributor of the Galaxy J7, priced around 300,000 won ($257.69), the sources said. The price could go down to the 100,000 won range if discounts are taken into consideration.The move apparently follows the release of the LUNA smartph
Nov. 20, 2015
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Samsung holds memorial service for late founder
The owner family of the nation’s largest conglomerate Samsung Group held the 28th memorial service for its late founder Lee Byung-chull on Thursday. Samsung Electronics vice chairman and heir apparent Lee Jae-yong presided over the event on behalf of his ailing father, chairman Lee Kun-hee, who has been hospitalized since suffering a heart attack in May last year. His mother Hong Ra-hee and two sisters Lee Boo-jin and Lee Seo-hyun attended the event that was held at a family burial ground in Yon
Nov. 19, 2015
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LG joins forces with credit card firms for payment tool
South Korea's No. 2 tech giant LG Electronics Inc. said Thursday it has clinched agreements with local credit card firms in preparation for the launch of its own payment tool.LG Electronics said it has agreed with Shinhan Card Co. and KB Kookmin Card Co. to join ties for its mobile payment system, dubbed LG Pay. The company has not yet opened the launch date of the service.LG said it will conduct various tests of the new payment system with the credit card companies.LG's bigger local rival, Sams
Nov. 19, 2015
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Samsung gains share in global DRAM, panel markets
South Korean tech giant Samsung Electronics Co. gained ground in the global chip and panel markets in the third quarter from a year earlier, but the company saw its handset and TV shares continue to remain dull, data showed Thursday.Samsung took up 44.9 percent of the global dynamic random access memory chip market in the third quarter in terms of sales, rising from 39.6 percent posted in 2014, the data compiled by DRAMeXchange showed.Samsung's display panels held 21.9 percent of the global mark
Nov. 19, 2015
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‘Korean tech is gauge for Silicon Valley’
Whenever he visits Seoul, Silicon Valley investor Eric Kim likes to watch people on the subway.Goodwater Capital cofounder and managing partner Eric Kim (Goodwater Capital)Just riding the train for hours and watching how people use their smartphones, whether they spend more time watching TV or on social networks, gives him an insight on user habits before they reach Silicon Valley.Kim, who left Texas-based Maverick Capital to found Goodwater Capital last year, has been an early-stage investor an
Nov. 18, 2015
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Naver seeks global success beyond Line messenger
Naver, the nation’s largest search engine, has reaffirmed its ambition for global success ― a goal that has never been truly achieved by a Korean Internet company. “Now when companies are competing in a single world market, going global is crucial for our survival,” CEO Kim Sang-hun told reporters during the company’s annual conference in Seoul on Tuesday. “We are going back to the hungry spirit with which we knocked the door of the Japanese market 15 years ago.”Naver CEO Kim -hun speaks at the
Nov. 18, 2015
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LG cements alliance with Google for smart TV
LG Electronics said Wednesday that it had rolled out Google Play Movie & TV, an application for videos on demand, on its smart TVs.The combination between smart TVs and Google’s online video-on-demand app, which allows users to purchase or rent movies and TV shows, is the first of its kind in the domestic market. An LG official said that “the collaboration is aimed at offering utmost value for consumers to enjoy various content and services.” A model poses with LG’s smart TV, running the Google
Nov. 18, 2015
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Samsung to release budget handsets with premium features
Samsung Electronics plans to churn out mid- and low-end handsets with higher-end features including its mobile payment system Samsung Pay and fingerprint scanners, according to sources Wednesday.“Samsung is planning to deploy fingerprint sensors in budget smartphone models,” an industry source said.The official, however, did not specify the timeframe of the release or further details. Samsung Electronics‘ Z1 smartphone running on the Tizen operating system. (Yonhap)Only a handful of high-end mod
Nov. 18, 2015
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Merck renews brand for growth
The Korean branch of the world’s leading chemical firm Merck has renewed its brand in a bid to shift its focus toward future-oriented businesses.Introducing its redesigned logo, which comes in a series of different colors, Michael Grund, the managing director of Merck’s Korean office, said the rebranding was not just about the change of the corporate logo, but is about changing directions for the company. Merck Korea managing director Michael Grund delivers a speech at a press meeting in Seoul o
Nov. 17, 2015
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[Photo News] LG LED projector in spotlight
LG LED PROJECTOR IN SPOTLIGHT -- LG Electronics said Tuesday its portable projector lineup Mini Beam has crossed the 500,000 sales mark worldwide, maintaining the No.1 position in the global light-emitting diode projector market for five years in a row. (LGE)
Nov. 17, 2015
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Reebok CrossFit Sentinel’s Euljiro branch to relocate to Gwanghwamun
The Euljiro branch of CrossFit gym Reebok CrossFit Sentinel will be relocating to Gwanghwamun, it said in a statement Tuesday. Established in 2012 as the second “box” of the CrossFit franchise, the Euljiro branch will close its facilities from Nov. 30 for six months, during which existing members will be able to use other branches located in Hannam-dong, Pangyo, Yeouido and Samseong-dong. The new Gwanghwamun quarters will open next year.The gym will make up for the inconvenience by offering vari
Nov. 17, 2015
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POSCO's IT outsourcer seeks to export airport baggage system
POSCO ICT Co., a unit of South Korea's leading steelmaker POSCO, said Tuesday it will make efforts to sell its airport baggage system overseas amid the launch of new airports in China and the Middle East.The company, which has operated the system in South Korea's main gateway, Incheon International Airport, since 2001, said it has completed the development of the solution to fit mid-sized airports as well, targeting emerging countries around the globe.The Baggage Handling System helps distribute
Nov. 17, 2015
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LG Display retains top spot in large-panel sector for 6th year
South Korea's LG Display Co. maintained its top position in the large-sized panel market for the sixth consecutive year, data showed Tuesday, coming in far above other South Korean and Taiwanese rivals.LG shipped 39.4 million units of display panels 9 inches or higher in the July-September period with a share of 22.5 percent, the data compiled by industry tracker IHS showed. It marked the 24th consecutive quarter for LG to sit on the throne in the segment.Its local rival, Samsung Display Co., fo
Nov. 17, 2015
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Samsung's CEO salaries drop on reduced incentives
Samsung Electronics’ three co-CEOs were found Monday to have seen a drastic drop in their compensations this year. According to the company’s regulatory filing, vice chairman Kwon Oh-hyun, the highest-paid CEO, received a total salary of 3.82 billion won ($3.25 million), including 2.23 billion won in bonus, over the nine months that ended in September. The figure compared with 6.25 billion won he received during the same period last year. CEO Yoon Boo-keun, head of the consumer electronics busin
Nov. 16, 2015
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[Photo News] Book a table with app
BOOK A TABLE WITH APP -- Mobile platform developer SK Planet said Monday its restaurant recommendation application Syrup Table, which has surpassed 12.5 million downloads so far, now offers a restaurant booking service for subscribers. (SK Planet)
Nov. 16, 2015
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[Photo News] Mid-range two-tub washer
MID-RANGE TWO-TUB WASHER — LG Electronics releases a mid-end variant of the Tromm Twin Wash, a front-load washer that features a top-load machine on the bottom. The new Twin Wash, priced at 2.3 million won ($1,960) -- 500,000 won less than the high-end version -- comes in white with a 16-kilogram front-loader and a 3.5 kg top-loader, which can run simultaneously or separately. (LGE)
Nov. 16, 2015
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Apple likely to adopt OLED for more devices
The market for organic-light emitting diodes will likely gain more steam in the next couple years as more device-makers, including Apple, are forecast to roll out their next flagship smartphones and smartwatches fitted with the flexible display, according to sources.Even though handset manufacturers will not immediately drop the traditional liquid crystal displays from their devices, they will opt for OLEDs for products such as foldable tablets in two or three years, they forecast.California-bas
Nov. 16, 2015
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LG OLED TV gets top grades in U.S. consumer review
LG Electronics Inc.'s organic light-emitting diode TV has received the best response from a U.S. consumer review magazine, industry sources said Monday. In the recent review by Consumer Reports, the 55-inch LG OLED TV, dubbed the 55EG9100, has received the top grade among other rival models surveyed in the 55-59 inch bracket.Another LG Ultra OLED TV, dubbed the 55EG9600, followed suit.The third and fourth spots were taken by Samsung Electronics Co.'s Ultra HD TV models, they said.As for the mode
Nov. 16, 2015