Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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China outpaces Korea in smaller OLED shipments for 1st time
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Seoul to deploy more military doctors to fill med prof void
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Liberal bloc moves to rewrite student rights ordinance
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SKT launches app for parking lots using Tmap
South Korea’s biggest mobile carrier SK Telecom launched Wednesday a smartphone application aimed at helping address the chronic problem of parking space shortage. The company said it has released the Tmap Parking app to help users locate parking lots. Based on its navigation app Tmap, the service notifies drivers about available parking spaces nationwide in real time. Users can also purchase parking tickets via SKT’s parking app before parking at designated spaces. The servi
June 19, 2019
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South Korean government, telecom firms unveil 7-year 5G growth plans
The South Korean government on Wednesday unveiled extensive schemes to expand industries related to the fifth-generation cellular network, with an aim to boost the Korean companies’ global market share in 5G network equipment and smartphones. The meeting, presided over by Science and ICT Minister Yoo Young-min, was attended by chiefs from SK Telecom, KT and LG Uplus, along with mobile division leaders from Samsung Electronics and LG Electronics.The participants launched the “5G plus
June 19, 2019
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S. Korea retains top spot on EU innovation list
South Korea retained the top spot in a European innovation list for the seventh consecutive year, the finance ministry said Wednesday.South Korea scored 137 points in global performance in relation to the European Union in the European Innovation Scoreboard that provides a comparative assessment of the research and innovation performance of the 28 EU member states and 18 select countries, according to the Ministry of Economy and Finance."South Korea is the most innovative country performing
June 19, 2019
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Naver deserves credit for its presence on Google-dominant scene: founder
Naver, the reigning search engine in South Korea, should receive credit for its presence on the Google-dominant scene, its founder said Tuesday. “I am proud to have built a search engine in our own language, allowing our own people to use the platform,” Lee Hae-jin, the billionaire founder of South Korea‘s top portal operator Naver Corp., said in a forum here. Appearing after a two-year absence from the public eye, Lee said there are very few countries in the world where
June 18, 2019
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KT vows to invest W500b in cloud computing business
South Korean telecommunications firm KT said Tuesday it will invest up to 500 billion won ($421 million) in expanding its cloud computing business, with an aim to target government agencies and financial firms. During a press conference in Seoul, KT announced its five-year business plan to support companies’ efforts to migrate massive data to cloud servers. KT pledged to increase the country’s cloud services market to 7 trillion won by 2023. As the government is seeking to ease re
June 18, 2019
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Samsung’s system chip head says M&As needed for non-memory goal
Samsung Electronics will aggressively push for mergers and acquisitions of startups and sizable global businesses in the field of non-memory semiconductors, said the head of its system-on-chip business on Tuesday. Kang In-yup, president of the system LSI business of Samsung’s device solutions division, emphasized that Samsung “is open to M&As,” after announcing his unit’s plan to accelerate the development and commercialization of neural processing units and NPU-equip
June 18, 2019
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Samsung, SK Telecom join hands for 6G R&D
Samsung Electronics Co. and SK Telecom Co. said Tuesday they have agreed to work together to upgrade the performance of the commercial 5G network and develop technologies related to 6G.Samsung, which provides end-to-end 5G solutions ranging from modems and chipsets to smartphones, has been providing its equipment to South Korea's leading mobile carrier for the commercial rollout. As SK Telecom is currently building additional base stations to expand nationwide coverage, the two companies f
June 18, 2019
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Naver launches mobile payment service in Japan
South Korea’s internet giant Naver said Monday it has introduced a mobile payment system that can be used at stores in Japan, a move that the company said could help Koreans traveling there have a better shopping experience.According to the firm, its users can purchase items in Japan via its own mobile payment service Naver Pay. Using the tool called Cross-Border service, the users can carry out electronic payments by swiping a QR code with mobile devices. The service is available at
June 17, 2019
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Samsung heir keeps tight rein on future businesses
Lee Jae-yong, the de facto leader of South Korea’s largest conglomerate Samsung Electronics, on Monday continued his visits to the tech giant’s emerging businesses in the fields of automotive parts and the fifth-generation network. Samsung Vice Chairman Lee visited the headquarters of Samsung Electro-Mechanics in Suwon, Gyeonggi Province, to check out the affiliate’s new businesses in auto parts and 5G modules, according to the firm.The Samsung affiliate is a major provider of
June 17, 2019
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[Monitor] Samsung Display maintains lead in smartphone display market
Samsung Display maintained its top position in the global smartphone display market in the first quarter as more handset makers adopted OLED panels for their premium products, according to the data by IHS Markit.Samsung Display delivered $3.4 billion worth of smartphone displays in the first three months of this year, taking up 40.2 percent of the total market share.Japan Display Inc. was a distant second player with a 12.3 percent share, and China’s BOE came in third with 11.9 percent. Wh
June 17, 2019
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Samsung Display maintains formidable lead in smartphone display market in Q1
Samsung Display Co. maintained its dominant position in the global smartphone display market in the first quarter as more handset makers adopted OLED panels for their premium products, a market researcher said Monday. The display making unit of Samsung Electronics shipped $3.4 billion worth of smartphone displays in the January-March period, accounting for 40.2 percent of the total market share, according to the data by IHS Markit. The Korean firm's market share shed 6.6 percentage points
June 17, 2019
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SKT to develop 6G network tech with Nokia, Ericsson
South Korea’s biggest mobile carrier SK Telecom said Sunday it will develop the sixth-generation network technology with Nokia and Ericsson, as the Korean government seeks to enhance economic ties with Nordic countries. The telecom firm signed memorandums of understanding for research and development cooperation with the two companies based in Finland and Sweden. The agreement with Nokia and Ericson was made on Wednesday and Thursday, respectively, at their headquarters. While
June 16, 2019
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Samsung denies rumors of Galaxy Fold’s July launch
Little progress seems to have been made on the launch of Samsung Electronics’ Galaxy Fold, as the company on Friday denied rumors that the world’s first foldable smartphone would be released in July. There have been rumors that the foldable device would be unveiled to Korean media in June and released on the market in July. Last week, Samsung’s smartphone business chief Koh Dong-jin told a Korean media outlet that the phone would arrive before July. However, according to Samsun
June 14, 2019
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[Herald Interview] S. Korea's top IP official vows to create user-friendly patent system
South Korean companies will experience faster, more predictable and applicant-friendly patent system in the future both here and overseas as efforts are underway to create an efficient and transparent ecosystem, the country’s top intellectual property official said on Thursday. During his interview with The Korea Herald, Intellectual Property Office Commissioner Park Won-joo said top IP officials from five major countries agreed to streamline patent registration processes for applic
June 13, 2019
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LG Chem ties up with Geely to break into China’s EV market
LG Chem announced Thursday its first joint venture with China’s No. 1 automaker Geely Auto Group for the production of electric vehicle batteries, with a plan to secure capacity of 10 gigawatt-hours by late 2021. The South Korean battery manufacturer said it signed a contract with the Chinese automaker on the establishment of the joint venture, with an equal amount of financial investments from each company, at Geely’s research center in Ningbo, Zhejiang province, on Wednesday. Under
June 13, 2019
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LG Group pushes to sell stake in affiliates for future biz investments
LG Corp., the holding company of South Korea’s fourth-largest conglomerate, is continuing to streamline the group’s business portfolio by selling its stake in multiple affiliates in order to focus on future businesses, according to industry sources Wednesday. As part of the plan, the company is preparing to sell over 35 percent stake in LG CNS, an IT software development affiliate in which it owns 85 percent shares. Although LG Corp. said the sell-off is still under consideration, JP
June 12, 2019
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[News Focus] After ‘Pokemon Go,’ what’s next for AR games in 5G?
With companies around the world searching for new business opportunities with the fifth-generation cellular network, augmented reality appears to be a crucial technology in maximizing the effects of 5G, offering new content experiences to consumers, namely in gaming. The country’s three major mobile carriers have been scrambling to find AR-based contents that could prove as popular as mega-hit game “Pokemon Go.” But questions linger as to whether the new network service will s
June 12, 2019
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LG considers selling stakes in IT arm
South Korea's major family-controlled conglomerate LG Group said Tuesday it is currently considering selling stakes in its information technology (IT) arm LG CNS."We plan to sell LG CNS to beef up competitiveness, although nothing in detail has been decided yet," an official from LG Group said. The sale apparently comes in response to the Fair Trade Commission's move to bolster regulations against intra-affiliate trades of family-controlled business groups, market watchers said.Co
June 11, 2019
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Battery makers expect turnaround as way cleared to resume ESS business
South Korean battery manufacturers on Tuesday expressed optimism after receiving government approval to resume business in the area of energy storage systems, after being forced to suspend it due to a probe into a series of fires at 23 ESS facilities. After suffering losses in the first quarter of this year largely because of delayed supplies, the country’s two major ESS providers, Samsung SDI and LG Chem, are expected to resume business in the second half of the year in hopes of recoverin
June 11, 2019
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Instagram fastest-growing social media app in S. Korea: survey
The photo-sharing application Instagram is gaining popularity faster than any other social media app in South Korea with young Koreans leading the trend, a survey showed Tuesday. According to the survey of 33,000 Android smartphone users carried out last month by Wise App, time spent on Instagram amounted to a combined total of 2.6 billion minutes for all respondents -- a 73 percent increase from the same period a year before. Instagram’s on-year growth in Korea was stronger than that of o
June 11, 2019