Most Popular
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40 flights canceled on Jeju Island due to bad weather
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Pandemic left Korea more depressed than before: report
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Gov't appears to shelve punitive measures against mass walkout by doctors
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Govt. asks hospitals to mitigate impact of medical professors' absence
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S. Korea's working-age population to dip nearly 10m by 2044 amid low births
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Korean labor force to shrink by 10 million by 2044: report
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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Doggy patrol team on the move to protect their cities
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Sales of eco-friendly cars top 100,000 in Q1 in S. Korea
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Samsung Electronics controls over 70% of global VR market
Samsung Electronics Co. emerged as the leader in the global virtual reality market in 2016, accounting for more than 70 percent of 6.3 million VR devices shipped worldwide, a report showed Thursday.The South Korean tech giant sold about 4.51 million units last year, or 71.6 percent of total shipments, the report by analytics firm SuperData showed. (Samsung Electronics Co.)Samsung launched the Gear VR in 2014 in cooperation with the Oculus VR, which connects to high-end Samsung smartphones. The G
Feb. 9, 2017
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[Newsmaker] Despite challenges, SK hynix to beef up NAND
SK hynix CEO Park Sung-wook has vowed to boost the company’s three-dimensional NAND flash memory business this year, a remark that is interpreted by market watchers as a strong determination to acquire Toshiba’s NAND unit. On Feb.3, SK hynix submitted a non-binding proposal to purchase a 20 percent stake in its Japanese rival Toshiba’s NAND chip business for about 3 trillion won ($2.62 billion). (Yonhap)SK hynix’s offer nearly doubles the current market value of the Toshiba unit that is around $
Feb. 9, 2017
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LG Electronics' new smartwatch hits US stores
LG Electronics unveiled the world’s first smartwatches to run on Google’s Android Wear 2.0 in the US on Wednesday. Android Wear 2.0 is Google’s newest operating system designed exclusively for smartwatches, a follow-up from the first Android Wear 1.0, which was unveiled in 2014. LG said its two smartwatches, LG Smart Sport and LG Smart Style, will go on sale Feb. 10 (local time) in the US market. It plans to soon unveil the devices in the UK, UAE, Taiwan, Russia and Canada gradually. They will b
Feb. 9, 2017
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Telecoms locked in 'world's first' row over AI
South Korea's telecom giants are engaged in a war of nerves over the title of "world's first" concerning the artificial intelligence-based Internet TV service, which could hurt customers, industry watchers said Thursday.The controversy revolves around KT Corp.'s TV set-top box with an AI system. The top Internet service provider requested the broadcast advertising watchdog Wednesday suspend deliberation of its planned TV commercial on the new device. Models pose during KT Corp.'s launch ceremony
Feb. 9, 2017
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Korea to build 240 electric chargers at outlets, stations in 2017
South Korea will build 240 electric vehicle charging stations at shopping malls and railway stations by the end of 2017 as a way to expand infrastructure for green cars in urban areas, the government said Thursday.According to the Ministry of Trade, Industry and Energy, 230 EV super chargers will be established at large discount store chains, including E-Mart and Homeplus, in Seoul and other major cities, while 10 will be set up at commuter train stations. (Yonhap)People can enjoy shopping when
Feb. 9, 2017
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Kakao's 2016 operating profit gains 31%
Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, on Thursday said its operating profit for last year rose 31.1 percent on-year, helped by strong sales of mobile games, music and other content. Full-year operating profit reached 116.1 billion won ($101.3 million), the company said in a regulatory filing. (Yonhap)Net profit, however, fell 14.7 percent on-year to 67.2 billion won, while sales jumped 57.1 percent to 1.46 trillion won, according to the filing. Last year, Ka
Feb. 9, 2017
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LG to build green corporate buildings in New Jersey
LG Electronics said Wednesday it had broken ground for new corporate buildings in New Jersey, which will serve as a foothold for LG to focus on the North American premium home appliance market. LG will invest $300 million to construct two office buildings on a plot of about 110,000 square meters by 2019. The gross area of the new buildings, 63,000 square meters, is about six times larger than LG’s current office building there and will be able to accommodate more than 1,000 employees. The South
Feb. 8, 2017
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LG Display likely to produce world’s first 65-inch OLED panels
LG Display is reviewing building the world’s first 10th-generation OLED assembly line in Paju, the tech firm said Wednesday. If the plan is finalized, the 10th-generation assembly line -- which is optimized for 65-inch (165 centimeters) television panels -- will be producing the world’s first and largest organic light-emitting diode panels. Currently, LG’s 55-inch (140 centimeters) panels from the 8.5-generation assembly line are the biggest such panels. Since the end of 2015, LG Display has bee
Feb. 8, 2017
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[Newsmaker] Kakao forms new subsidiary dedicated to AI development
Kakao, operator of South Korea’s top mobile messenger KakaoTalk, has formed a new subsidiary dedicated to developing artificial intelligence technologies in a move to ramp up its capabilities in future technologies.The Korean mobile giant said Wednesday that it officially founded a new subsidiary focusing on AI technology research and development, named “Kakao Brain,” on Feb. 1. Kakao founder and chairman Kim Beom-suKakao Brain will be directed by Kakao founder and chairman Kim Beom-su, who will
Feb. 8, 2017
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Foreign mobile games become increasingly popular in Korea
Foreign mobile games have become increasingly popular in South Korea as seven foreign apps were among the 20 top-grossing mobile games, according to data on Wednesday.The Tuesday chart of Google Play's highest-grossing mobile game apps in South Korea showed that the augmented reality mobile game "Pokemon Go" by Nintendo came second. (Yonhap)"FIFA Online 3" of the United States was ranked fifth, with "Clash Royale" of Finland and "MU Origin" of China coming in eighth and ninth each. The Tuesday
Feb. 8, 2017
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Samsung, LG battle again with flagship display panels at ISE
Samsung Electronics and LG Electronics have met again, this time on the battleground for high-end display panels with their flagship QLED and OLED panels, respectively. At the Integrated Systems Europe 2017 that kicked off in Amsterdam on Tuesday, Samsung unveiled the quantum dot light-emitting diode Signage and light-emitting diode Signage IF series for the first time while LG stuck with its organic light-emitting diode brand. The two previously sparred at the Consumer Electronics Show last mon
Feb. 7, 2017
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SKT-Ericsson-BMW develop fastest 5G for connected car
SK Telecom announced Tuesday that the company successfully implemented the fastest communications speed in a traveling vehicle so far, moving one step closer to an era of connected cars with its 5G network. The No.1 South Korean telecom business said it provided a peak rate of 3.6Gbps data transmission speed for a connected car driving at 170 kilometers per hour at the BMW Driving Center in Yeonjong Island. The driving center has the world’s largest 28GHz 5G test network, established by SKT, Eri
Feb. 7, 2017
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LG to unveil G6 on Feb. 26 at MWC
LG Electronics sent out press invitations on Tuesday for the unveiling of its new flagship smartphone G6 at the upcoming Mobile World Congress to be held in Barcelona, Spain. The invitation says the company will host an unpack event for the G6 at Sant Jordi Club on Feb. 26, a day before the tech congress kicks off. The launch event, which will last around 100 minutes, is expected to be attended by around 1,000 reporters, business partners and tech experts, the company said. LG describes the G6 a
Feb. 7, 2017
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NCSoft posts record W328.8b operating profit
South Korean game giant NCSoft said Tuesday that it posted a record high operating profit of 328.8 billion won ($287.8 million) in 2016 mainly generated by its flagship game “Lineage” and its intellectual property rights. The company raised 983.6 billion won in revenue last year, up 17 percent on-year and falling slightly from the 1 trillion won revenue milestone. Net profit came in at 271.4 billion won in 2016, up 63 percent from the previous year, according to NCSoft.NCSoft said that its growt
Feb. 7, 2017
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Scientists develop smarter MRI technology
A group of South Korean scientists discovered a new magnetic resonance imaging platform that selectively finds diseased cells, the state-run research center said Tuesday, a development that could overcome the limits of the current MRI technology.The team led by Cheon Jin-woo at the Center for Nanomedicine under the Institute for Basic Science developed the so-called "nano MRI lamp" which activates MRI signals only in the presence of the disease target. (Institute for Basic Science)"This study c
Feb. 7, 2017
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Netmarble posts record W1.5tr revenue in 2016
Led by the worldwide success of its mobile games, South Korea’s Netmarble Games raked in more than 1.5 trillion won ($1.32 billion) in revenue in 2016, the company said in its annual earnings report on Monday. The Korean mobile game giant has broken the 1 trillion won revenue mark for the second consecutive year, setting another major milestone for the firm.Netmarble’s 2016 operating profit reached 295.4 billion won, up 31.3 percent on-year, while its revenue for the year reached around 1.51 tri
Feb. 6, 2017
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Mobile carriers eyeing overseas amid limited growth
South Korean telecommunication businesses are making various efforts to increase their presence worldwide, moving beyond limited growth of the domestic market. KT said Monday its subsidiary KT Submarine won a $9.79 million order from US-based SubCom to lay fiber optic communications cables under the Pacific Ocean last December. The company will break ground in April. KT Submarine is the only submarine cable company in Korea, and it is also the only Asian firm participating in the latest project.
Feb. 6, 2017
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‘Unique battery model behind Note 7 explosions’
The Korean government concluded Monday that Samsung Electronics’ Galaxy Note 7 explosions were caused by faulty batteries and vowed to strengthen battery safety and recall measures for smartphones. The conclusion came after the state-run Korean Agency for Technology Standards conducted tests for three months with 14 overheated smartphones, 46 normal phones and 169 batteries given by Samsung Electronics. “We found batteries (made by Samsung SDI and ATL) had some factors that cause explosions and
Feb. 6, 2017
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[Photo News] Google begins recruitment for 3rd ‘Campus for Moms’ program
STARTUP SUPPORT FOR MOMS -- Google Campus Seoul, a co-working space for startups operated by the US internet giant, said it is recruiting new participants for its “Campus for Moms” program until Feb. 28. Run by Google, “Campus for Moms” is a baby-friendly startup school that provides entrepreneurial and human resource support to mothers striving to open a startup. A total of 52 parent-entrepreneurs have taken part in the Seoul program since its inception here in July 2015. Google will hold an op
Feb. 6, 2017
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Naver, Kakao eye future in video platform business
As the web transitions from text and images toward interactive videos, South Korea’s two flagship internet technology companies Naver and Kakao are eyeing a future in the video platform business.According to a recent forecast from Cisco, by 2020 around 82 percent of consumer internet traffic will be generated by videos, while total global internet traffic will grow annually by 22 percent from 2015 to 2020.With video slated to dominate the web, Naver and Kakao have been moving to streamline and s
Feb. 6, 2017