Most Popular
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Probe of first lady on Dior bag allegations set to begin
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Indonesia’s KF-21 fighter jet deal cut back -- what’s next?
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[KH Explains] Can tech firms' AI alliances take on Nvidia?
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Korean battery makers heave sigh of relief over 2-year IRA reprieve
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Police seek arrest warrant for med student who killed girlfriend
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Local filmmakers criticize ‘The Roundup: Punishment’ monopoly of screens
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Will China's self-sufficient dream in HBM come true?
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Samsung’s Note 7 fallout overshadows Lee Jae-yong’s debut
The appointment of Samsung Electronics’ Vice Chairman Lee Jae-yong as a member of the board of directors was overshadowed by concerns over the Note 7 fallout at a shareholders meeting Thursday.In the morning, shareholders appointed the grandson of the Samsung founder to its board of directors, paving the way for Lee to step up as an official leader of South Korea’s largest conglomerate. Lee did not attend the meeting.(Yonhap)The unanimous vote, however, was soon followed by questions from shareh
Oct. 27, 2016
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[ADVERTISING AWARDS] SKT believes connectivity creates synergy, solutions
By Yoon Yong-chul Senior vice president of public relations office at SKTThe Internet of Things connecting people to devices and devices to devices is no longer a future technology.It is becoming a part of our life, and SK Telecom believes the change has altered the fundamental nature of our society. Yoon Yong-chulTwo sides -- whether they are people or devices -- are now connecting through the Internet of Things in ways we could not imagine in the past. Connecting the two creates synergies and
Oct. 27, 2016
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NCSOFT unveils new mobile game ‘Lineage Red Knights'
South Korean game developer NCSOFT unveiled its new mobile game “Lineage Red Knights” in Seoul on Thursday, announcing plans to officially launch the game in 12 countries on Dec. 8. The mobile game is based on “Lineage,” a pioneering multiplayer online role-playing game introduced in 1998 that rocketed NCSOFT to become one of Korea’s biggest game developers.NCSOFT plans to launch its new mobile RPG in 12 countries, including Korea, Taiwan and parts of Southeast Asia, on Dec. 8, with plans to int
Oct. 27, 2016
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Naver’s Q3 revenue breaks W1tr mark
South Korean internet giant Naver on Thursday reported that its third-quarter revenue surged 20.5 percent on-year to reach 1.01 trillion won ($890 million), led by growing sales from its overseas and mobile businesses. It is the first time ever that Naver’s quarterly earning has surpassed 1 trillion won, the company said in a regulatory filing. In the July-September period, Naver’s operating profit surged 27.6 percent from a year earlier to 282.3 billion won. Its consolidated net profit came in
Oct. 27, 2016
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SK Telecom's Q3 profit falls 13.5% on Galaxy Note 7 woes
SK Telecom Co., South Korea's largest mobile carrier, on Thursday reported a 13.5-percent drop in its third-quarter operating profit on the impact from the Galaxy Note 7 problem and more subscribers using contract-based mobile fee discounts.SK Telecom's operating profit amounted to 424.3 billion won ($372 million) during the July-September period, down 13.5 percent from a year earlier, according to its consolidated balance sheet.Its revenue also fell 0.4 percent on-year to 4.24 trillion won, whi
Oct. 27, 2016
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Naver's Q3 profit spikes 69.5% on overseas sales increase
South Korea's top Internet portal operator Naver Corp. said Thursday its net profit soared 69.5 percent from a year earlier in the third quarter as its sales reached a record high on growing sales from overseas and its mobile business.In the three months ended Sept. 30, net profit came to 198 billion won ($174.1 million) on a consolidated basis, compared with a net profit of 116.85 billion won in the same period last year, the company said in a regulatory filing.Sales jumped 20.5 percent on-year
Oct. 27, 2016
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Samsung Electronics Q3 operating profit dips 30%
Samsung Electronics Co. said Thursday its third-quarter operating profit slipped 29.6 percent from a year earlier, mainly hit by the discontinuation of the Galaxy Note 7 smartphone over safety concerns. The world's largest maker of smartphones said its operating profit for the July-September quarter stood at 5.2 trillion won ($4.6 billion), compared with a profit of 7.3 trillion won a year ago. Compared with a quarter earlier, Samsung's operating profit plunged 36.1 percent. Revenue for the thir
Oct. 27, 2016
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Changes loom as Samsung’s crown-prince takes center stage
Lee Jae-yong, vice chairman of Samsung Electronics, is set to join the boardroom responsible for the management of the South Korean tech giant after a shareholders’ vote Thursday morning. Shareholders attending the meeting scheduled to be held at 10 a.m. in Seoul will be asked to vote on appointing Lee, the only son of Samsung chairman Lee Kun-hee, by a show of hands. The bill is expected to be passed smoothly, as the majority of investors in and out of the country have already expressed their a
Oct. 26, 2016
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Samsung Display betting on VR, AR panels
Samsung Display is betting on panels for virtual reality and augmented reality to further expand its presence in the mobile OLED market, its top engineer said at a display seminar on Wednesday. “We are expecting the mobile OLED market to grow thanks to the advent of new applications such as virtual reality and augmented reality,” Park Won-sang, Samsung Display’s principal engineer, said at the International Meeting on Information Display held in Seoul. He said the shipment of virtual reality dev
Oct. 26, 2016
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[News Focus] Samsung’s future businesses to test Lee Jae-yong’s leadership
As Samsung Electronics Vice Chairman Lee Jae-yong becomes a board member, taking greater control of the South Korean tech giant, he shoulders a daunting task -- ensuring the future sustainability of Samsung Group. The world’s biggest maker of smartphones and chips is seeking leadership in new, promising industries that could supplement -- or even replace -- its flagship electronics business which is facing tough market competition and stagnant growth. Continuing along the path laid out by his ai
Oct. 26, 2016
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Samsung Pay to expand global footprint
Samsung Electronics Co. said Wednesday it will launch its mobile payment service, Samsung Pay, in Russia, Thailand and Malaysia later this year, bringing the service to a total of 10 countries. The South Korean tech giant said it will form a partnership with Mastercard to offer a simplified online payment and express checkout solution through its digital payment service Masterpass, starting early next year.Samsung announced the plan at Money 20/20, a major fintech conference, held in Las Vegas.
Oct. 26, 2016
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Korea, France to join forces for self-driving technology
South Korea and France will invest a combined 3 billion won ($2.65 million) in the coming three years to develop self-driving technology, the trade minister here said Wednesday.In a Seoul forum, the two sides agreed on the project to jointly study traffic jam assistant technology, which helps a car drive itself in traffic-jam conditions, according to the Ministry of Trade, Industry and Energy.Each country will fund 500 million won every year over the next three years, it added.Leading auto compa
Oct. 26, 2016
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IoT, smart EVs highlight trade show
Leading technology companies gathered for South Korea's major electronics show on Wednesday to showcase their smart gadgets, consumer electronics, mobile applications and smart electric vehicles.Hosted by the Ministry of Trade, Industry and Energy, the 47th Korea Electronics Show 2016 kicked off at COEX in southern Seoul to run until Saturday, presenting 1,500 booths for 500 companies at home and abroad. Visitors play games at a gaming zone at Korea Electronics Show 2016 held at COEX in Seoul o
Oct. 26, 2016
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LG demands Germany's Miele stop using its washer technology
South Korean home appliance maker LG Electronics Inc. has demanded that Miele stop using the technology it created for steam washing machines, claiming that the German appliance maker allegedly infringed on LG's patents. LG sent a letter to Miele last week, urging the company to take amicable action to resolve the matter and respond by the end of this month. "After reviewing a response from Miele, we will review possible legal measures if necessary," said an LG official. The official, who spoke
Oct. 25, 2016
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Hundreds of Note 7 owners file suit against Samsung in S. Korea
Hundreds of owners of the Galaxy Note 7 smartphone in South Korea filed a joint lawsuit against Samsung Electronics Co. on Monday for inconvenience experienced after the discontinuation of the device, a local law firm said. A total of 527 plaintiffs filed the case with the Seoul Central District Court, seeking 500,000 won (US$440) in compensation each, according to Harvest Law Office. Ko Young-yeel, the attorney representing the plaintiffs, said the rights of the consumers were infringed upon as
Oct. 24, 2016
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Samsung announces new upgrade program for Note 7 owners in Korea
Samsung Electronics Co. said Monday it is offering a special upgrade program for owners of the Galaxy Note 7 smartphone in South Korea who swap the fire-prone device for the Galaxy S7 or the S7 Edge smartphone.The program allows South Korean owners of the Note 7 who exchange the device for the S7 or the S7 Edge smartphone to upgrade the replacements to either a Galaxy S8 smartphone or a Note 8 phablet, Samsung said in a statement.Note 7 customers will pay about the half the price of the S7 or th
Oct. 24, 2016
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Note 7’s absence boosts iPhone 7, V20
Apple’s iPhone 7 and LG Electronics’ V20 have taken a sizable portion of the Korean smartphone market since their recent launches, which came on the heels of Samsung’s production halt of the Galaxy Note 7.The market is expected to see a continuous inflow of undecided customers as Samsung Electronics plans to urge remaining Note 7 owners to change their fire-prone devices.Since the iPhone 7 was first rolled out on Friday, around 62,000 consumers changed their telecom operators, according to the K
Oct. 23, 2016
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iPhone 7 goes on sale amid void of Note 7
Sales of Apple’s iPhone 7 and iPhone 7 Plus began in South Korea on Friday, amid high expectations that the US tech giant could reap added success here in the absence of Samsung Electronics’ Galaxy Note 7. Apple officially launched its latest iPhone series through Korea’s three major mobile carriers SK Telecom, KT and LG Uplus as well as local Apple retailer Frisbee, with sales starting from 8 a.m. on Friday. Korea has long been a tough market for Apple, as Samsung has maintained its undispute
Oct. 21, 2016
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Drug Ministry improves guidelines for 3-D printed medical devices
The South Korean Ministry of Food and Drug Safety released improved guidelines for 3-D printed medical devices Friday, with aims to spur the growth of the emerging business segment. The ministry’s new guidelines establish more concrete and detailed regulatory standards for conducting product efficacy, safety and biocompatibility testing for 3-D printed implants for bone fixtures and dental surgery.The Ministry of Food and Drug Safety (Yonhap)In improving its guidelines, the ministry aims to enco
Oct. 21, 2016
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Samsung's governance change looms after scion joins board
Potential plans to turn Samsung Electronics Co. into a holding company structure are likely to take shape after heir apparent Lee Jae-yong joins the electronics giant's board of directors next week, according to some analysts on Friday. The 48-year-old Lee, the only son of the ailing Samsung Electronics Chairman Lee Kun-hee, was nominated to join the board last month and his nomination will be subject to approval at the shareholders' meeting next Thursday.Joining the board suggests that the youn
Oct. 21, 2016