Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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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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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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Brokerage houses cast bright outlook for LG's Q2 performance
South Korean brokerage houses are raising their forecast for LG Electronics Inc.'s second-quarter performance, citing the company's improved profitability of major business divisions, including the home appliance sector, industry sources said Tuesday.The South Korean tech giant's first-quarter net profit jumped more than fourfold from a year earlier on the back of the home appliance division's stellar performance. Net profit came to 835.6 billion won ($744 million) in the first quarter, compared
May 30, 2017
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[Photo News] Samsung opens its brand shop in Cuba
SAMSUNG IN CUBA -- Cuban consumers look at Samsung products ranging from washers, TVs to refrigerators at a 219-square meter brand shop opened in Havana on Monday. (Samsung Electronics)
May 29, 2017
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After Go victory, Google’s AI to tackle humanity’s bigger challenges
AlphaGo, an artificial intelligence program developed by Google-owned DeepMind, has led sweeping victories against the world’s top-ranked human Go players over the past two years, but it is retiring from competitive Go. Having beaten Ke Jie, the world champion in the traditional board game of Go, last week, Google’s AI will now set out to help solve some of humanity’s most difficult and complex challenges in fields such as health care and science, Google-owned DeepMind said in a blog post Saturd
May 29, 2017
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GSIL to supply safety management system to railway construction sites
GSIL announced on May 22 that it will be supplying an Internet of Things-based “smart construction safety management system” to construction sites under the jurisdiction of the Korea Rail Network Authority’s Gangwon local headquarters. This safety management solution inspects and monitors all safety-related aspects of construction sites on a 24-hour basis via web and mobile applications. GSIL and the KRNA Gangwon local headquarters held a ribbon-cutting ceremony on May 22 for the smart construc
May 29, 2017
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Opus One’s eco-friendly home security solution attracts European telecoms
Startup Opus One announced on May 24 that its independently developed, eco-friendly home security solution made it to the semi-finals of Boost at TNW Europe 2017, which was recently held in Amsterdam. This year’s TNW -- The Next Web -- event, the largest tech conference in Europe and an event that attracts startup companies, investors, and accelerators from all around the world, featured the products and services of 31 Korean startups, thanks to the support of the Ministry of Science, ICT and Fu
May 29, 2017
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SKT to bring smart features to Korea University Medical Center
South Korea’s SK Telecom said Monday that it will work with Korea University Medical Center to transform the hospital into a smart facility equipped with the latest technologies such as artificial intelligence, big data, the Internet of Things and augmented reality. The move comes as SK Group has been actively moving into the field of AI-driven health care. Last week, its internet technology solutions unit SK holding C&C said it would start developing a new AI program based on IBM’s Watson that
May 29, 2017
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Samsung SDI unveils new ESS products for European homes
Samsung SDI will unveil new residential energy storage system products designed for the global market, the company said Monday. The battery and ESS developer said it will display a full lineup of residential ESS products at Intersolar Europe 2017 running from Tuesday through Thursday in Munich, Germany. A Samsung SDI booth is set up at the Energy Storage Europe 2017 exhibition in March. (Samsung SDI)Intersolar is one of the leading international exhibitions for the ESS and solar industries. Sam
May 29, 2017
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Galaxy S8 experience zones draw 3m visitors
Samsung Electronics Co. said Monday the number of accumulated visitors at its shops in South Korea where people can test the Galaxy S8 smartphones was estimated at 3 million, reflecting the public's attention on the flagship devices.On Sunday, the company also said a million units of Galaxy S8 smartphones were sold in South Korea as of the previous day, marking a rare occasion for the company to provide updates of flagship device sales. The devices were officially released April 21. Visitors tak
May 29, 2017
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Samsung opens brand shop in Cuba
Samsung Electronics Co. said Monday it has opened a brand shop in Cuba, marking a rare move for a global tech company to make a full-fledged step to tap into the market.The South Korean tech giant said it has opened the brand shop under cooperation with a local retailer Cadena De Tiendas TRD Caribe. Visitors take look at Samsung Electronics Co.'s products at its brand shop based in Havana, Cuba, in this photo released by the company on May 29, 2017. (Yonhap)The shop will display premium Samsung
May 29, 2017
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Mobile carriers ask govt. to rethink subscription cost cut drive
South Korea's three mobile carriers are trying to persuade lawmakers and government officials to rethink President Moon Jae-in's pledge to cut subscription costs to ease households' burden, industry sources said Monday.The move came as the Moon administration seeks to abolish the basic subscription fees of 11,000 won ($9.83) as expenditures on telecommunication services were cited as one of the burdens for South Koreans. Mobile carriers cast concern that the change will hurt their operations and
May 29, 2017
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Samsung readies for Galaxy S8 launch in Japan
Tech behemoth Samsung Electronics on Thursday opened its Galaxy Studio at Bank Gallery, located in Omotesando, Tokyo, the company said Sunday, ahead of the planned launch of its Galaxy S8 next month.Samsung Electronics will hold a series of promotional events at its newly opened studio through July 3, the company added. At the studio, customers will have hands-on experience of Samsung‘s latest electronic gadgets, including Galaxy S8, Galaxy S8 Plus, new 360-degree camera Gear 360 and Gear VR, a
May 28, 2017
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Automotive chip market to grow 22% this year: report
The global automotive chip market is predicted to grow 22 percent this year due to the rising price and demand, according to the US semiconductor research firm. Samsung Electronics, which is the world’s largest memory chip maker but has low presence in the automotive chip market, is also tapping deeper into the lucrative industry in response to the growing demand. YonhapIC Insights said in the latest report that the automotive integrated circuit market -- microcontrollers, analog integrated circ
May 28, 2017
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Safeware to release wearable airbag-connected safety platform by end of year
Startup Safeware announced on May 22 that it will release a protective airbag system equipped with a wearable, Internet of Things-enabled safety platform in the second half of 2017. The system is currently under development. After the new product undergoes IoT application tests and trial runs, the company expects to release it sometime at the end of the year. A test version of the product will be featured at the World IT Show, hosted by the Ministry of Science, ICT and Future Planning, starting
May 28, 2017
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Stratio’s portable spectrometer selected as Kickstarter “Project We Love”
Startup Stratio announced on May 18 that its portable spectrometer LinkSquare, which is currently being sold on Kickstarter, was selected as a “Project We Love” on May 15 by Kickstarter staff. Stratio’s Kickstarter campaign will be held until June 8.LinkSquare is a portable spectrometer that provides information on the test subject’s color and molecular composition by measuring its reactions to both visible and near-infrared radiation. The product currently featured on Kickstarter is targeted at
May 28, 2017
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Hankook NFC gets 3 billion won Investment from Japan
Hankook NFC, headed by Richard Hwang, announced on May 17 that it attracted an investment of 3 billion won ($2.6 million) from Japan’s Miroku Jyoho Service and signed a service partnership agreement with the company on May 16. Hankook NFC is a startup company that has developed a mobile payment and authentication system based on NFC (near-field communication) technology. This investment is the first foreign investment that Hankook NFC has attracted so far. Last year, the company secured domestic
May 28, 2017
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Korea urged to focus on connected car tech development, standardization: report
South Korea needs to step up efforts to develop connected car technology and its standardization in order to not lag behind global competition in the fast growing industry, a report suggested Sunday."The competitiveness in the technology standardization will lead to market domination in the connected car industry just like the case of smartphones," the report released by the Korea Institute for Industrial Economics & Trade said.The report said the market size of the connected cars will reach 112
May 28, 2017
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Video leak shows bezel-less 6.3-inch Galaxy Note 8
The upcoming Samsung Galaxy Note 8 smartphone in late summer will allegedly have a 6.3-inch bezel-less screen, similar to the Galaxy S8 model, a video leak showed Friday. In a nine-second video posted on China’s Weibo, a front panel of what is claimed to be Samsung’s next flagship smartphone was revealed, raising assumptions that it is highly likely to adopt the company’s Infinity Display that drastically reduces the area of the bezel width. The Note 8 will be 0.6 inch larger than its predecess
May 26, 2017
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Exports of rechargeable batteries hit record high in 2016
South Korea's exports of rechargeable batteries reached a fresh record high in 2016 on rising global demand for smart devices and electric vehicles, ctoms data showed Friday.Outbound shipments of accumulators, such as lithium-ion batteries amounted to a record $4.4 billion in 2016, up 11.6 percent from $3.94 billion a year earlier, according to the data by the Korea Ctoms Service. (Yonhap)For the first three months of the year, secondary battery exports continued to post solid gains, soaring 22.
May 26, 2017
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Kakao applies for Kospi listing
Kakao submitted Thursday a set of documents for listing eligibility review on South Korea‘s main bourse, according to the Korea Exchange.Kakao, the second-largest firm listed on the second-tier Kosdaq, will go through an abridged listing procedure. All formerly Kosdaq-listed firms undergo screening designed to verify the business stability for 20 days at maximum, whereas it normally takes 45 days for a market operator to review the eligibility. (Kakao)The operator of mobile messenger KakaoTalk
May 25, 2017
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S&P raises LG Electronics’ credit outlook
Standard & Poor’s said Thursday it raised its credit outlook for South Korea’s LG Electronics from the current BBB Negative to BBB Stable, considering the company’s improving profitability. (Yonhap)The international credit rating agency said LG’s strategy for the premium electronics market worked well in the first quarter, and its profitability is forecast to rise above market averages for the next two years. The agency also added that LG is expected to reduce losses in the smartphone business b
May 25, 2017