Most Popular
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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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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Ministry denies blame for Jamboree debacle
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Samsung to face litigation from suppliers
Dozens of Korean and foreign suppliers of Samsung Electro-Mechanics are seeking legal action against the electronics parts manufacturing unit of Samsung Group for its alleged mishandling of production contracts.BeCom, a local manufacturer, said Tuesday that the company, together with its 14 subcontractors in Korea and overseas, were suffering from combined financial losses of 46 billion won ($39 million) due to Samsung’s unilateral breach of contract. In June, BeCom inked a deal with Samsung Ele
Aug. 18, 2015
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KT, BC Card launch all-in-one digital wallet
South Korea’s leading mobile carrier KT and its financial business unit BC Card released a “versatile” smart wallet, which allows users to easily manage options for payment and rewards, from credit cards to digital coupons. Utilizing beacon, GPS and Wi-Fi technologies, the new smart mobile wallet, dubbed CLiP, automatically provides users the information of credit, debit and membership cards available at nearby coffeehouses, restaurants and retail stores. The digital wallet also suggests the bes
Aug. 18, 2015
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[Photo News] Card issuers get smart
CARD ISSUERS GET SMART -- Samsung Electronics said Tuesday that it would collaborate with 10 credit card companies to nurture the Samsung Pay mobile payment service. Executives from the tech giant and the card firms, including KB Kookmin Card, Woori Card and Samsung Card, pose at a meeting to map out ways to work together on the mobile payment system in Seoul, Tuesday. (Samsung Electronics)
Aug. 18, 2015
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Mobile carrier KT rolls out new mobile wallet app
KT Corp., South Korea's second-largest mobile carrier, unveiled Tuesday a new mobile wallet app that picks the best credit card or discount coupon benefits for a user to pay for a certain service, as the company pushes deeper into the mobile payment platform business. Its new smart wallet, CLiP, can organize discounts or pay-by-installments at designated stores -- common ancillary services offered by credit card companies in South Korea -- to tell the user which card is the most beneficial for t
Aug. 18, 2015
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SK Group considers W46 trillion investment in chipmaker hynix
SK Group is considering pouring about 46 trillion won ($38 billion) over the next few years to expand the production facilities of its chipmaking unit SK hynix, officials said Monday.The large-scale investment move came after group chairman Chey Tae-won returned to management after being released from jail following a special presidential pardon last week.Before presiding over a meeting with CEOs across group affiliates on Monday, Chey said, “I will have to move quickly and make on-site visits.”
Aug. 17, 2015
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LG Display to invest W10tr in OLED
South Korea’s top display-maker LG Display said Monday it would invest 10 trillion won ($8.5 billion) in OLED production by 2018, pledging a strategic shift to focus on the still nascent but lucrative display technology.The new investment plan was announced as part of the 20th anniversary of its LCD production at its plant in Paju, Gyeonggi Province. During the ceremony, LG Display CEO Han Sang-beom hinted at pouring considerable resources into OLED in the coming years, pinpointing the latest di
Aug. 17, 2015
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Samsung unveils plan to create 30,000 youth jobs in two years
South Korea’s largest conglomerate, Samsung Group, said Monday it would create about 30,000 new jobs for young workers over the next two years.For this, Samsung will make investments worth around 100 billion won ($84.5 million) to provide vocational and educational opportunities, the officials said. Samsung Group`s headquarters in Seoul. (Yonhap)Samsung’s move is in line with the government’s efforts to improve the youth job market.“Samsung will fulfill its responsibility to society by contribut
Aug. 17, 2015
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CrucialTec expects robust revenue growth in H2
South Korea’s leading fingerprint scanner maker CrucialTec said Monday that its fingerprint module business would continue to gain traction during the rest of this year thanks mainly to the burgeoning Chinese biometrics market. The Pangyo-headquartered firm said in its regulatory filing it would rake in around 285 billion won ($240 million) in revenue in the latter half of this year, up 280 percent compared to the same period last year. CrucialTec CEO Charles Ahn poses with fingerprint modules a
Aug. 17, 2015
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[Photo News] LG eyes Middle East market
LG EYES MIDDLE EAST MARKET -- South Korean tech giant LG Electronics said Monday it would step up its marketing efforts, targeting the high-end segment of the Middle Eastern market. The company has recently opened a premium retail store in Jordan following those in Iran and Lebanon, which were launched in the first half this year. (LGE) LG EYES MIDDLE EAST MARKET -- South Korean tech giant LG Electronics said Monday it would step up its marketing efforts, targeting the high-end segment of the Mi
Aug. 17, 2015
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[Photo News] KT runs promotion for new Galaxys
KT RUNS PROMOTION FOR NEW GALAXYS -- South Korea’s leading mobile carrier KT launches experience zones for Samsung Electronics’ new phablets -- Galaxy Note 5 and Galaxy S6 Edge Plus -- at its retail stores across the nation on Monday. (KT)
Aug. 17, 2015
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IT industry rises as major pillar of Korean economy
Along with the steel, automotive and shipbuilding sectors, the IT industry has served as a locomotive that has driven South Korea’s economy for decades.At the forefront of South Korea’s IT scene were electronics businesses run by conglomerates including Samsung Electronics, LG Electronics and Daewoo Electronics (now Dongbu Daewoo Electronics owned by Dongbu Group).Having produced the nation’s first transistor radio in 1959, LG, then called Goldstar, was a pioneer in the domestic home appliance m
Aug. 16, 2015
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Samsung's big-screen Galaxy phones face tough test
NEW YORK -- It’s clear that the success of Samsung’s latest smartphone and phablet will be a crucial test for Lee Jae-yong, the heir to Korea’s largest conglomerate and vice chairman of Samsung Electronics.And it’ll certainly be a tough challenge, given the hugely saturated nature of today’s smartphone market that has competition cropping up at every bend in the road.“Samsung definitely has a huge presence, all over the U.S. and in the world,” said one participant at last week’s Samsung Unpacked
Aug. 16, 2015
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Samsung to release new phablets in S. Korea this week
Samsung Electronics Co. plans to launch its two new phablets in South Korea this week to coincide with the commercial start of a mobile payment service on its home turf, a company executive said Saturday.Samsung, the world's largest smartphone maker, showcased the Galaxy Note 5 and Galaxy S6 Edge+ phablets, or a combination of a smartphone and a tablet PC, in New York on Friday as part of efforts to galvanize its mobile business."The release of the phablets in South Korea is scheduled for Thursd
Aug. 16, 2015
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Samsung pushes new phablets amid ailing handset returns
South Korea's top tech giant Samsung Electronics Co. showcased two new phablets on Thursday in the United States, with one being the larger edition of the Galaxy S6 Edge that curves on both sides, in its latest bid to revitalize its mobile business. JK Shin, president and CEO of Samsung Electronics holds the Samsung Galaxy S6 Edge+ (left) and the Samsung Galaxy Note 5 during a presentation, Thursday at Lincoln Center in New York. (AP-Yonhap)Dubbed the Galaxy Note 5 and the Galaxy S6 Edge+, the p
Aug. 14, 2015
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[Photo News] Samsung supports engineers
SAMSUNG SUPPORTS ENGINEERS -- Tech giant Samsung Electronics serves as a major sponsor for the 43rd WorldSkills Competition, which is held from Tuesday through Sunday in Sao Paulo, Brazil. The biannual event is aimed at recognizing skilled technicians and engineers around the world. (Samsung) SAMSUNG SUPPORTS ENGINEERS -- Tech giant Samsung Electronics serves as a major sponsor for the 43rd WorldSkills Competition, which is held from Tuesday through Sunday in Sao Paulo, Brazil. The biannual even
Aug. 13, 2015
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[Photo News] U.S. big data firm names new exec
U.S. BIG DATA FIRM NAMES NEW EXEC -- U.S. cloud-based big data solution developer Treasure Data said Thursday that it has named Stephen Lee, a Korean-American who used to work for Samsung Electronics and Microsoft, as a vice president of the firm’s business development division. (Treasure Data)
Aug. 13, 2015
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SAP Korea showcases IT solutions for health care, sports
Leading IT solutions developer SAP Korea said Thursday it would step up efforts to develop systems that can bring positive changes to sports and health care industries. Holding the “Hyper Connected Healthcare Conference in Seoul,” the company offered visions to deploy big data and cloud technologies in the two sectors. “The advancement in Internet of Things technologies has brought innovations in multiple industries and fields,” said Hyoung Won-joon, managing director of the Korean office of SA
Aug. 13, 2015
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[Start-up Seoul] Between chooses traction over profit
With KakaoTalk dominating Korea’s mobile messenger market, Between has been cementing its foothold in the couples messenger niche. Now with half its users coming from abroad, the mobile app is braving ground in Southeast Asia.“We’re trying to expand our product to the global market,” Jake Park, CEO of the app’s developer VCNC, told The Korea Herald in an interview Friday. “Very fortunately we are not directly competing with big messaging apps … so we can get into the niche market (and) bring a v
Aug. 12, 2015
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LG to offer W1b to soldiers injured in N.K. mine blast
LG Group said Wednesday it would offer 500 million won ($420,000) each to two soldiers who were injured last week in a North Korean mine blast at the Demilitarized Zone in Paju, Gyeonggi Province. “The donation is part of LG’s ongoing efforts to honor people who make sacrifices for the nation and people. All employees, including chairman Koo Bon-moo, have joined the efforts,” said an LG official. The explosions occurred on Aug. 4 as two sergeants were carrying out an inspection mission. The firs
Aug. 12, 2015
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OLED TV meets art
Aug. 12, 2015