Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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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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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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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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Monthly users on local streaming platforms outpace Netflix, Disney+
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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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Tencent acquires stake in Bluehole, secures strategic partnership for global expansion
Bluehole, the South Korean game company behind the hit survival shooter game “PlayerUnknown’s Battlegrounds,” said Friday that it had entered a strategic partnership with China’s Tencent Holdings to strengthen its footing in the global game market.Bluehole also said that Tencent had purchased a stake in Bluehole from Bluehole’s founding chairman, Chang Byung-gyu, as well as other early investors, confirming previous news reports that a deal was underway.Bluehole did not disclose the exact size o
Aug. 10, 2018
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Global hit game ‘Fortnite’ arrives in Korea via PS4, Android devices
The globally popular survival shooting game “Fortnite: Battle Royale” officially arrived in South Korea on Friday. “Fortnite” is now available on PlayStation 4 consoles and Android smartphones, with preparations underway for the game’s launch at PC cafes nationwide. The game’s launch and future service plans were formally announced by the Korean unit of US-based Epic Games on Friday during a press conference held in Seoul.(Epic Games Korea)“Fortnite” for PS4 can now be downloaded for free via th
Aug. 10, 2018
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S Pen gets smarter for Galaxy Note 9 phablet
The Galaxy Note 9 is all about the “smart S Pen” that has been equipped with Bluetooth technology for the first time, creating convenience for users of the 6.4-inch phablet device, one of the world’s biggest phones. Unveiled at Barclays Center in New York at midnight on Thursday, the ninth edition of Samsung Electronics’ Galaxy Note phablet phone puts emphasis on the enhanced S Pen that is deemed the only differentiation point from other competing devices. Samsung's smartphone business chief Koh
Aug. 10, 2018
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[Weekender] What effect does boyangsik have on your body?
Amid the blistering summer heat, people are opting for healthy food to boost their energy and get their appetite back. From samgyetang to roasted eel, Korea has diverse summer dishes passed down from generation to generation, called boyangsik, or food that strengthens the body. However, boyangsik could have unintended effects, such as sapping one’s energy, if the food does not match with the person’s body type, according to an oriental medicine expert.“Each individual is born with different phys
Aug. 9, 2018
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Naver Webtoon forms ‘Studio N’ for webtoon-based film, drama production
Naver Webtoon, the digital comics platform operator under South Korean internet business giant Naver, on Thursday announced the launch of its new unit “Studio N,” which will take charge of translating popular webtoons into new films and drama series.Formed with 100 percent funding from Naver Webtoon, Studio N will work with media production companies to develop and release films and TV dramas based on the intellectual property of popular webtoons. Naver Webtoon CEO Kim Joon-Ku (Naver)The new sub
Aug. 9, 2018
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Samsung to release Galaxy Note 9 early to boost sales
Samsung Electronics will start taking preorders for the upcoming flagship Galaxy Note 9 smartphones one day earlier than before in order to boost its sluggish smartphone sales, according to the industry on Thursday. The South Korean phone manufacturer was set to unveil its second flagship smartphone for the year in New York at midnight on Thursday, and begin the preorder process Monday in the Korean market. Korean mobile carriers had been planning to embark on receiving reservations for the new
Aug. 9, 2018
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Kakao posts record Q2 revenue, but operating profit down 38%
Kakao, operator of South Korea’s top-used mobile messenger KakaoTalk, said Thursday it posted record-high revenue in the second quarter, but its operating profit dropped 38 percent due to heightened marketing and investment costs.During the April-June period, Kakao’s revenue reached 588.9 billion won ($526 million), up 25.7 percent from the previous year. Operating profit in the quarter came to 588.9 billion won, down 38.2 percent on-year, the company said in its earnings report.Kakao attributed
Aug. 9, 2018
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Netmarble's operating income down 40.8 percent in Q2
Netmarble Games, South Korea's No. 1 mobile game developer and publisher, said Wednesday that its second-quarter operating income decreased 40.8 percent on-year.Operating income came to 62.2 billion won ($55.5 million) during the April-June period, and net income also shrank 15.1 percent on-year to 66.3 billion won, the company said. (Netmarble Games)Sales also decreased 7.3 percent on-year to 500.8 billion won during the cited period, while sales from overseas markets witnessed growth, Netmarbl
Aug. 8, 2018
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Pizza Hut Korea introduces pizza serving robot
Pizza Hut Korea said Wednesday it has launched a test operation of a robot to serve food to customers as the company moves to strengthen its competitiveness with cutting-edge technologies. The robot, dubbed Dilly Plate, was unveiled at one of its stores in western Seoul on Monday for a two-week test run, marking the first case of adopting such technology in the country's dining industry, the company said. (Yonhap)Developed by Woowa Brothers Corp., a Korean startup that operates the food delivery
Aug. 8, 2018
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Chinese bike-sharing giant Ofo preparing to pull out of Korea: sources
Less than a year after entering South Korea, Chinese bike-sharing giant Ofo is preparing to pull out of the Korean market in a move that appears to be motivated by shifting market priorities, people familiar with the matter said Tuesday.Ofo recently began putting most of the Korea market employees on a “suspension” as part of a general layoff, as part of steps toward an exit from the market, an industry source with knowledge of the startup’s affairs told The Korea Herald.“Though it has yet to co
Aug. 7, 2018
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Korea’s Macrogen, Bigster to create blockchain-based medical data platform
Macrogen, South Korea’s leading gene sequencing service provider, said Monday that it will work with local big data company Bigster to create a blockchain-based medical big data platform where information such as gene data can be safely stored and exchanged by interested parties. The two companies plan to complete the platform by June next year, joining a number of other firms that are also working to launch a blockchain-based medical data trading platform here.Gene data, which carries critical
Aug. 6, 2018
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Samsung Electronics unveils new tablet PCs
Samsung Electronics on Thursday unveiled two new tablet PCs including the Galaxy Tab S4, its new flagship premium tablet that works as both an ordinary tablet and a desktop PC. “With the Galaxy Tab S4, we’re introducing a premium tablet, equipped with Samsung DeX that helps consumers perform their absolute best wherever they go,” Koh Dong-jin, president and CEO of Samsung Electronics, said in a statement.It is the first Samsung tablet PC to support connection to Samsung DeX, a desktop extension
Aug. 2, 2018
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[Herald Interview] Wanted aims to disrupt Asia’s hiring paradigm with referral-based recruitment
In the world of human resources, recruiting experienced hires has long operated in two ways: Companies blindly advertise new openings through third-party job listing sites, or pay high fees to headhunting firms to seek out viable candidates for a particular position.But one South Korean startup has set out to disrupt this paradigm by introducing a new mode of recruiting with a proven track record of success -- hiring through personal referrals. Wanted has built a recruitment platform that relies
Aug. 1, 2018
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Samsung’s Q2 operating profit growth slows after seven quarters
Samsung Electronics reported a 4.9 percent decrease in operating profit in the April-June period from the previous quarter, largely due to a decline in sales and profit from the smartphone business, according to the company’s earnings announcement on Tuesday.It puts an end to the South Korean tech giant‘s longest-ever streak of all-time-high profits -- six quarters -- but the figure is still an increase on the second quarter operating profit of 2017. Samsung posted 58.48 trillion won ($52.2 bill
July 31, 2018
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Samsung SDI achieves whopping 27-fold growth in Q2
Samsung SDI’s second-quarter operating profit jumped nearly 27-fold compared to a year earlier, showing a solid recovery trend after the battery explosion crisis in 2016, according to the company’s earnings announcement Monday. The battery maker posted 2.25 trillion won in sales and 152.8 billion won in operating profit for the April to June period, the company said in a regulatory filing. The operating profit skyrocketed from 5.5 billion won in the second quarter of last year, when the company
July 30, 2018
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Half of smartphones to have AI assistant in 2018: report
Half of smartphones sold globally this year will have an artificial intelligence assistant, a report by an industry consulting firm showed Sunday.According to Strategy Analytics Inc., 47.7 percent of smartphones sold on the global market will be equipped with some kind of on-device AI assistant, up from 36.6 percent last year. (Yonhap)The report further finds that on-device AI is growing fast among smartphone vendors and by 2023, 89.9 percent of smartphones will have a built-in AI assistant.In 2
July 29, 2018
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Samsung heir back in control of group
SUWON, Gyeonggi Province -- Around 1,600 middle school students on Friday enrolled in summer camps opened simultaneously at six universities across the country. The Dream Class camp, in its seventh year being run by Samsung Electronics, is one of the pet projects of Samsung Group heir Lee Jae-yong, who seems officially back at the helm of the biggest South Korean conglomerate. Lee made surprise visits to the camps in 2015 and 2016 with reportedly deep interest in the educational outreach program
July 29, 2018
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Korea moves to enlarge warning images on cigarette packs
The health ministry is pushing to enlarge the size of graphic warning images on cigarette packs, officials said Sunday, a move aimed at discouraging people from smoking.The Ministry of Health and Welfare said it plans to announce the measure in September or October to send a stronger message to smokers by expanding the size of the warning images from the current 50 percent of the package's exterior to 70 percent.Currently, the size of the warning photos must cover more than 30 percent of both si
July 29, 2018
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To repair reputation, Twitter, Facebook incur investor wrath
Two of the biggest social media platforms lost nearly one-fifth of their market value after reporting disappointing user growth. Twitter's stock plunged Friday after it reported a decline in its monthly users and warned that the number could fall further in the coming months. The 20.5 percent plunge came one day after Facebook lost 19 percent of its value in a single day. Twitter says it's putting the long-term stability of its platform above user growth. That leaves investors seemingly unable t
July 28, 2018
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Naver under FTC investigation for alleged abuse of power in online video market
South Korea’s Fair Trade Commission is reportedly investigating local internet giant Naver on allegations that the company abused its status as the country’s most-used portal website to engage in unfair practices in the online video market.The FTC’s Anti-Monopoly Bureau on Thursday conducted an on-site investigation of Naver’s headquarters in Pangyo, Gyeonggi Province, to look into the allegations, according to local news reports. (Yonhap)The recent investigation appears to be an extension of t
July 27, 2018