The Korea Herald

Nearly half of South Korea's startup founders hail from prominent universities: report

Mar 3, 2021

A local survey showed around half of local startup founders are from the country’s four most prominent universities, implying that educational background could play an important role in starting a ne...
KT and LG U+ invest in homegrown app store

Mar 3, 2021

South Korea’s telecommunications firms KT and LG U+ said Wednesday they have invested a total of 26 billion won ($23.1 million) in the homegrown app market ONE store, a subsidiary of SK Telecom. KT ...
USITC embarks on probe into allegation involving Samsung’s LTE devices

Mar 3, 2021

The United States International Trade Commission has launched an investigation into an allegation that Samsung Electronics violated a patent related to LTE devices. According to the ITC on Tuesday i...
Internet use jumps in 2020 amid pandemic

Mar 3, 2021

The average amount of time South Koreans spent using the internet reached over 20 hours per week last year, 2.7 hours more than the time spent the previous year amid the stay-at-home trend driven by ...
S. Korea to extend online religious activity support amid pandemic

Mar 3, 2021

South Korea's ICT ministry said Wednesday it will extend support for online religious activities until next month due to continued COVID-19 infections across the country. The Ministry of Science and...
KT, LG Uplus invest in homegrown app market for minority stake

Mar 3, 2021

Major South Korean telecom operators KT Corp. and LG Uplus Corp. said Wednesday they invested a total of 26 billion won ($23.1 million) for a minority stake in the homegrown app market ONE store, bol...
GC and SK Bioscience lead early vaccines supplies

Mar 2, 2021

As South Korea ramps up its COVID-19 vaccination campaigns, two local biopharmaceuticals are leading the supply and distribution of foreign jabs -- Green Cross and SK Bioscience. The state-run Publi...
LG Innotek develops Wi-Fi 6E module for seamless car entertainment

Mar 2, 2021

LG Innotek said Tuesday it has developed the world’s first automotive Wi-Fi 6E module that would enable passengers to enjoy watching movies or playing games with seamless connections in cars. The el...
Naver, Softbank launch Japanese joint venture to take on internet giants

Mar 1, 2021

South Korea‘s leading internet portal Naver Corp. and Japanese telecom giant Softbank Corp. have completed a merger of their subsidiaries to tap deeper into the Japanese market with a wide range of s...
[Photo News] Samsung Electro-Mechanics introduces new optical zoom

Mar 1, 2021

Samsung Electro-Mechanics officials present its folded, 10x optical zoom camera module for smartphones. The company on Monday announced it will begin mass production of the technology, claiming to be...
Netflix to start publishing audit report this year

Mar 1, 2021

Netflix Korea will disclose its audit reports in March, which would be its first regulatory filing since entering the country in 2016. The local unit of the US media platform giant is incorporated a...
Green Cross affiliate secures $120m investment

Feb 28, 2021

Artiva Biotherapeutics, an affiliate of South Korean pharmaceutical firm Green Cross, announced Sunday that it has secured $120 million in Series B financing to develop natural killer (NK) cell-based...
Celltrion founder’s first son to join boardroom

Feb 28, 2021

Celltrion founder and honorary chairman Seo Jung-jin’s eldest son Seo Jin-seok is expected to obtain a seat in the company’s boardroom next month, industry sources said on Sunday. Celltrion is to fi...
Mobile carriers boost efforts in sustainable energy

Feb 28, 2021

South Korean telecom companies are stepping up efforts in sustainable energy projects, as they join the country's broader push for renewable energy and commit more to environmental, social and corpor...
S. Korea nears 13m 5G users in Jan.

Feb 26, 2021

South Korea's 5G subscriptions jumped by over one million for the first time last month to reach nearly 13 million users, data showed Friday. The country's 5G subscriptions reached 12.87 million as ...