Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Golden chance to liquidate babies’ gold rings?
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Inflation eases in April, continues bumpy ride
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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S. Korea to consider adopting US-style data-sharing regulation
South Korea's financial regulator said Thursday it will consider gradually adopting US-style data-sharing regulation to make it easier for firms to collect and use personal information.The move is aimed at meeting rising demand for new technologies such as the Internet of Things and big data analytics, the Financial Services Commission said in a statement.In South Korea, people are asked in advance if financial institutions can use their personal data. They can either agree to or reject the coll
May 10, 2018
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[Graphic News] S. Korea's medical spending grows fastest among OECD members
According to a report from the Korea Institute for Health and Social Affairs, medical spending in South Korea jumped by an annual average of 6.8 percent from 2005 to 2015 The growth rate during the period outpaced the average of 2.1 percent expansion among member countries of the Organization for Economic Cooperation and Development, marking the highest increase of the group. The spending growth was attributed to an increase in public expenditure on medical care with an aging population.
May 9, 2018
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[Exclusive] LG revs up robot business with newest $3m investment in Bossa Nova Robotics
South Korea’s LG Electronics will invest $3 million to acquire an about 5 percent stake in US-based Bossa Nova Robotics, as part of efforts to accelerate its new robot business, according to sources Tuesday.An industry source told The Korea Herald that the Korean tech giant is going to make the investment this week to own the 5 percent stake in the San Francisco-based commercial robot developer, in a move that would expand the company’s current robot development portfolio. It will mark LG’s thir
May 8, 2018
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Korean Air employees hold candlelight vigil against controlling family
(Yonhap)Nearly 500 former and current employees of Korean Air Lines Co. staged a candlelight vigil on Friday to protest abusive treatment by the controlling Cho family, amid rising public outcry over an alleged assault by one of the chief's daughters. The former and current employees at the country's flagship carrier, as well as their families and acquaintances, joined the rally in central Seoul at 7:00 p.m. amid a ballooning scandal in which a former senior executive and daughter of chief Cho Y
May 4, 2018
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Prosecution rejects Korean Air heiress' arrest warrant over alleged assault
Prosecutors on Friday rejected a police request for an arrest warrant for a daughter of Korean Air Lines Co.'s chairman over an alleged assault.Earlier, the Seoul Gangseo Police Station said they requested the writ against Cho Hyun-min, who was a senior executive of the company, on charges of assault and obstruction of business. In South Korea, only the prosecution can ask the court to issue a warrant.Cho Hyun-min (Yonhap)The Seoul Southern District Prosecutors' Office denied the request, saying
May 4, 2018
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Samsung Next CEO listed among 100 influential Asian-Americans
David Eun, president of Samsung Next, an innovation arm of Samsung Electronics, has been included on a list of 100 influential Asian-Americans. The list was announced Tuesday by Gold House -- a new nonprofit seeking to support Asian-Americans in business and culture -- to celebrate the 50th anniversary of the first recognized usage of the term “Asian-American.” Eun was included on the list along with Jensen Huang of Taiwanese descent, co-founder and CEO of graphics processor Nvidia, and Satya Na
May 4, 2018
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Samsung heir Lee Jae-yong heads to Osaka after Shenzhen trip
Samsung Electronics heir and Vice Chairman Lee Jae-yong headed to Osaka, Japan on Friday after a three-day trip to Shenzhen, China, as confirmed by The Korea Herald. While some industry officials forecast that Lee would hold meetings with Japanese business partners in Osaka as apart of annual greetings, the heir is also expected to take a short respite after his business trip to China, on which he was accompanied by the top officials of Samsung’s semiconductor business to seek new growth opportu
May 4, 2018
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[Health-tech Korea] Matching curiosity with purpose in DNA analysis
The Korea Herald is publishing a series of articles highlighting South Korea’s promising startups in the emerging sectors of digital health care and next-generation medical devices. This is the 18th installment. -- Ed.As genome sequencing costs have drastically dropped in the past few years, numerous startups have begun offering direct-to-consumer DNA analysis services through which individuals can learn about their genes and related health markers with a saliva sample.Finding out about one’s ge
May 3, 2018
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Auction for 5G frequency spectrums set on June 15
South Korea will hold an auction for frequencies that will be used for the fifth-generation network on June 15, the Ministry of Science and ICT announced Thursday. The ministry will receive bids from mobile carriers starting Friday through June 4, and hold the auction on the decided day. Through a public hearing on prices of 5G frequencies held last month, the ministry set the opening price for the auction of high-end frequencies -- 28 blocks (280 megahertz) in the 3.5-gigahertz spectrum and 24
May 3, 2018
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Stay updated on news with The Korea Herald’s social media platforms
The digital and mobile revolutions have changed how people consume news these days. Instead of getting overnight news from a printed newspaper, many people now tend to follow the real-time news on their mobile phones and PCs. To keep up with the fast-paced news cycle, The Korea Herald provides the latest news and multimedia content via social media platforms including Facebook, Twitter and Instagram.The Korea Herald’s Facebook page aims to inform readers about the most important news of the day
May 3, 2018
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LG’s mobile head promises lower price, better quality with G7 ThinQ
LG Electronics is focusing on a low price strategy for the company’s latest flagship G7 ThinQ model, while promising better quality, according to its mobile chief at a press conference in Seoul on Thursday. “Our major focus is to provide better quality phones at lower prices,” said Hwang Jeong-hwan, vice president and head of the mobile communications business, after unveiling the G7 ThinQ. The new smartphone features artificial intelligence functions aimed at convenience, the “brightest” displa
May 3, 2018
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LG Electronics unveils G7 ThinQ in New York
LG Electronics unveiled its seventh edition of G series smartphone, dubbed G7 ThinQ, to its global consumers in New York on Wednesday, highlighting on its features designed around improved user convenience. Equipped with a 6.1-inch Super Bright Display -- with a notch design in the 1,000-nit bright liquid crystal display -- the G7 ThinQ is nearly half an inch larger than its predecessor, but is small enough to be used with one hand, an element that LG has been seeking for. Among the various new
May 2, 2018
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Samsung heir heads to Shenzhen for business meeting with BYD
Samsung Electronics heir apparent and Vice Chairman Lee Jae-yong departed for Shenzhen on Wednesday with the presidents of the tech titan’s semiconductor division. According to the industry, the heir left for the Chinese version of Silicon Valley with the company’s chipmaking unit head Kim Ki-nam, memory business head Jin Gyo-young and system LSI business head Kang In-yup. Samsung Display CEO Lee Dong-hoon also joined the business trip.“The vice chairman and presidents are scheduled to hold meet
May 2, 2018
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Korea to invest W35.7b in developing homegrown medical AI system
The South Korean government plans to invest 35.7 billion won ($33.4 million) over the next three years to build a homegrown medical artificial intelligence system that analyzes patients’ medical data to offer personalized diagnostics and treatment plans. The Ministry of Science and ICT held a ceremony in Seoul on Monday to formally mark the beginning of efforts to develop the Korean medical AI system dubbed “Dr. Answer,” which uses medical big data to guide doctors in their diagnosis and treatme
May 1, 2018
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KT to co-develop chipsets with US-based Aquantia for five-fold faster internet
South Korean mobile carrier KT said Tuesday the company will develop chipsets for faster local area network internet with global chipset maker Aquantia based in the United States.The two signed a memorandum of understanding for the development, KT said.(Yonhap)With current technologies by KT, the LAN internet’s speed reaches up to 1 Gigabits per second by using two pairs of LAN cables. Adding a new chipset to this, the maximum speed can go up to 2.5 Gbps, and even to 5 Gbps by using four pairs o
May 1, 2018
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Samsung to provide cinema LED screen for movie theaters in Mexico
Cinemex officials promote the Onyx screen by Samsung Electronics at a theater in Mexico City. (Samsung Electronics)South Korean tech titan Samsung Electronics will make inroads into the cinema market in Latin America by providing its light-emitting diode screens to the region’s biggest movie theaters, according to the company Tuesday. Samsung said it had signed a contract with Cinemex, the second-largest movie theater company in Mexico, to supply Samsung’s LED screen Onyx to five Cinemex venues
May 1, 2018
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WhatsApp CEO Jan Koum to leave Facebook amid privacy flap
SAN FRANCISCO -- WhatsApp CEO Jan Koum is breaking ties with his company’s parent, Facebook, amid a privacy scandal that has dogged the social network for weeks.Koum confirmed his departure from WhatsApp Monday on his Facebook page . The Washington Post reported that Koum also plans to resign from Facebook’s board of directors. Facebook wouldn’t comment on that report.Facebook has been trying to defuse questions about whether it can be trusted with the reams of personal information it collects t
May 1, 2018
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AlcaCruz introduces streaming tech for optimized live VR broadcast
Silicon Valley IT startup AlcaCruz, whose CEO is Emily Ward, announced that it has officially launched SuperStream Live, a new streaming technology that enables optimized live virtual reality broadcasts. Founded in 2014, AlcaCruz is startup located in Silicon Valley. It holds several patents for cutting-edge image and video processing technologies. The new streaming technology maintains high visual quality while reducing network and server costs by 75 percent compared to conventional streaming.S
April 30, 2018
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Tencent eyes investment in Bluehole, maker of hit video game ‘Battlegrounds’
China’s Tencent Holdings is considering investing in South Korean game company Bluehole, the parent firm of PUBG, which is behind the world’s current best-selling video game “PlayerUnknown’s Battlegrounds,“ according to industry sources. It could mark Tencent’s biggest investment in a Korean game company as the Chinese firm is seen moving to expand its grip in the lucrative gaming industry. Local news reports citing sources in the venture capital industry recently said that Tencent is planning t
April 30, 2018
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Samsung SDS Q1 operating profit grows on strong cloud, smart factory business
Samsung SDS, the information technology services and logistics solutions arm of South Korea’s Samsung Group, said Monday that its first-quarter operating profit rose 24 percent on-year to 181.8 billion won ($170.4 million), on the back of a strong performance by its cloud and smart factory businesses. Revenue during the January-March period grew 9.5 percent on-year to 2.36 trillion won while net profit jumped 45.2 percent to 131.6 billion won, the company said in its earnings guidance report. (S
April 30, 2018