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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Police seek arrest warrant for med student who killed girlfriend
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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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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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New 3-D printing tech to fix broken bones
Three-dimensional printers have long been used to make plastic figurines and industrial parts, but soon, another material might become available through printing technology -- silk protein.South Korea’s Rural Development Administration said that it has successfully developed a new 3-D printing technology that uses protein extracted from silkworms -- a 25:75 combination of sericin and fibroin -- to print out customized surgical bone plates, screws and clips used to fix bone fractures.Silk protein
Oct. 20, 2016
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Saudi prince becomes largest shareholder of Suncore
South Korean tech company Suncore said Thursday that Prince Khaled bin al-Waleed, the son of Saudi Arabian business magnate al-Waleed bin Talal, has become the largest shareholder of the company in its regulatory filing.Suncore said Prince al-Waleed has invested around $10 million in the company to take a 5.6 percent stake. The prince’s father, Saudi Arabian business tycoon al-Waleed bin Talal, is a member of the Saudi royal family, Citigroup’s largest individual shareholder and chief of Saudi c
Oct. 20, 2016
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Samsung rolls out industry's first 8GB mobile DRAM for smartphones
Samsung Electronics Co. has rolled out the semiconductor industry's first 8-gigabyte mobile DRAM package for smartphones, based on its advanced 10-nanometer production technology, the company said Thursday. The new package of mobile chips is expected to significantly improve mobile user experiences for those using high-definition, large-screen devices, Samsung said in a statement. Samsung Electronics' chips (Yonhap file photo)Choi Joo-sun, executive vice president of Samsung, said in the statem
Oct. 20, 2016
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Samsung SDS unveils phone banking solution
Information Technology solutions provider Samsung SDS launched a new mobile banking solution to target the global financial market, the company said Wednesday. The company launched the Mobile Voice Recording Solution, or MVRS, which enables mobile devices to automatically record and manage phone calls between customers and call-center employees as well as customers and financial company employees.(Samsung SDS)The new solution is expected to make it more convenient for customers, who have to make
Oct. 19, 2016
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Samsung faces legal action from Note 7 users in Korea, US
Samsung Electronics, still reeling from the Galaxy Note 7 fiasco, is now facing class action lawsuits over the recall of the smartphone in South Korea and the US, according to sources and news reports on Wednesday. In Korea, around 60 local consumers so far are preparing to file a class action suit and the number is expected to rise, according to Seoul-based Harvest Law Office representing the plaintiffs. “We will gather more plaintiffs by Friday and submit a petition to the Seoul Central Distri
Oct. 19, 2016
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Kakao's mobile payment platform attracts 13 mln users
South Korea's top mobile messenger operator Kakao Corp. said Tuesday its mobile payment platform Kakao Pay currently has more than 13 million users, two years after its launch.A total of 13 million active users have paid for items through the one-click payment system since it was officially launched in September 2014, the company said. South Korea has a total population of 51 million.The platform is similar to online payment service PayPal of the United States, as users pre-register their credit
Oct. 18, 2016
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Samsung to pay full compensation to suppliers of Note 7 parts
Samsung Electronics Co. said Tuesday it will pay full compensation to suppliers of Galaxy Note 7 components. The move is a part of its efforts to help about 70 suppliers that are grappling with the discontinuation of the Note 7 over safety concerns. Users of Galaxy Note 7 smartphones receive free rental phones before boarding at Incheon International Airport, west of Seoul, on Oct. 16, 2016. Galaxy Note 7s are banned on almost all airplanes due to the danger of fire. (Yonhap)In a statement, Sam
Oct. 18, 2016
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Korea, US to fund $6 mln on project to develop disaster-response robot tech
South Korea and the United States will spend a combined $6 million on a joint research project to develop robotic technologies for disaster response over the next three years, the trade ministry here said Tuesday.Officials from the two governments, including South Korea's Director General Kim Jeong-hwan and US Assistant Secretary of Defense Stephen Welby, held a kick-off meeting in Seoul on the Korea-US collaborative program sponsored by the South Korean Ministry of Trade, Industry of Energy and
Oct. 18, 2016
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Samsung begins making 10-nano chipsets for S8
Samsung Electronics said Monday it had begun the mass production of 10-nanometer application processors for the first time in the global semiconductor industry, and would apply them into new mobile devices to be launched early next year.The South Korean tech giant said its 10-nanometer APs had 27 percent better performance, saved 40 percent more energy and increased the number of chips per wafer 30 percent compared to the 14-nanometer APs that made up the previous generation. Samsung will be unv
Oct. 17, 2016
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Kakao’s K Cube Ventures invests W405m in Jubilee Works
K Cube Ventures, a startup investment fund owned by South Korean internet giant Kakao, announced Monday it has invested 405 million won ($356,000) in Jubilee Works, the developer of mobile scheduling app “Jubilee TimeTree.” The Kakao unit made the investment alongside a number of other local and global investors, including Seibu Shinkin Capital, SMBC Capital Markets, Plantree Partners and Toei Animation. Together, these companies invested a total of 2.3 billion won into Jubilee Works.Founded in
Oct. 17, 2016
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Galaxy Note 7 fiasco to not affect rising component prices: report
Samsung Electronics Co.'s unprecedented global recall and halt in production of its Galaxy Note 7 may cause changes in the shipments of major smartphone brands, but the discontinuation of Note 7 sales will not affect the upward price trends for key smartphone components, a report said Monday.According to the report compiled by market researcher TrendForce, Samsung has produced about 4 million Note 7s since its sales earlier this year. The original production volume forecast of the device for all
Oct. 17, 2016
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More homes have solar panels to save on electric bills
More homes in South Korea have installed solar panels in the past few years to reduce the cost of electricity, data showed Monday.According to the data compiled by Korea Electric Power Corp., some 165,449 homes had rooftop solar panels as of June this year to make up part of their electricity demand.The comparable figures were 139,393 in 2015, 95,718 in 2014 and 28,374 in 2011, according to KEPCO.Over the cited period, the amount of electricity generated by these rooftop solar panels increased t
Oct. 17, 2016
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K-ICT Born2Global Center and Its Members ⑭ Anyractive
South Korean startup Anyractive announced on Oct. 10 that it has exceeded its Kickstarter crowdfunding goal of $30,000 for its independently developed digital whiteboard GoTouch. It had accumulated $80,000 as of Oct. 9 and the crowdfunding period will be end on Oct. 27. GoTouch, a digital whiteboard developed by AnyractiveGoTouch, a smart communications solution consisting of the GoTouch device and mobile application, transfers content from display devices -- such as mobile devices, TVs, comput
Oct. 17, 2016
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LG Chem to expand ethylene production capacity
South Korean chemicals firm LG Chem said Sunday it will invest 287 billion won ($253 milllion) over the next three years to raise the ethylene production capacity of its naphtha cracking center by 230,000 tons. The ethylene production capacity of LG Chem’s naphtha plant in Daesan of South Chungcheong Province will increase to 1.27 million tons, the largest production in the world as a single production facility, the firm said. LG Chem’s expanded Daesan plant, together with an additional naphtha
Oct. 16, 2016
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[News Focus] Supreme Court ruling over KakaoTalk wiretapping sparks controversy
The South Korean Supreme Court’s latest ruling that wiretapping warrants could not be used for the country’s dominant mobile messenger app KakaoTalk is igniting controversy between the prosecution and those who view the eavesdropping as overly intrusive. Last Thursday, the Supreme Court of Korea ruled that conversations taken from KakaoTalk servers cannot be recognized as wiretapped evidence, as they were not seized in real time as mandated by the legal definition of “wiretapping.”The ruling on
Oct. 16, 2016
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Korea to expand free Internet access in public places
Korea will expand free wireless Internet access in public places to bridge the digital divide in technology use, the government said Sunday. The Ministry of Science, ICT and Future Planning said it will open 1,020 mobile hot spots in traditional markets and other welfare facilities Monday. The Ministry of Science, ICT and Future Planning announces on Oct. 16, 2016, it will open 1,020 mobile hot spots in public places. (Yonhap)Starting with 2,000 public Wi-Fi zones in 2012, the ICT ministry has o
Oct. 16, 2016
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Note 7 fallout to cost Samsung more than W7tr
The fallout from the Galaxy Note 7 is estimated to cost Samsung Electronics more than 7 trillion won ($6.1 billion), according to the company and industry analysts Friday. The Korean tech giant announced Friday that the opportunity cost from the halt in production of the Note 7 is estimated to be a mid-4 trillion-won sum during the coming two quarters. It is a combined figure made up of a mid-3 trillion-won sum in the fourth quarter and 1 trillion won in the first quarter of next year, Samsung s
Oct. 14, 2016
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Korea has 2.2 doctors per 1,000 people: data
South Korea had 2.2 doctors per every 1,000 people in 2014, the lowest among members of the Organization for Economic Cooperation and Development, data showed Friday.According to the OECD data submitted by the Ministry of Health and Welfare to the National Assembly, South Korea scored the lowest in physician density, along with Mexico, among 28 member states in 2014, far below the OECD average of 3.3. The data included licensed physicians practicing oriental medicine.Austria ranked top with 5.1
Oct. 14, 2016
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Samsung estimates loss of mid-3 tln won from Galaxy Note 7's exit
Samsung Electronics Co. said Friday that the discontinuation of the Galaxy Note 7 smartphone is expected to dent the company's operating profit by additional $3.1 billion over the next two quarters. Samsung already slashed its estimate for third-quarter operating profit by 2.6 trillion won ($2.3 billion), saying the revision in third-quarter earnings guidance reflected "the direct cost from the discontinuation of the Galaxy Note 7 sales."The latest projection for another mid-3 trillion-won (abou
Oct. 14, 2016
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Some consumers remain loyal to Note 7 despite explosions
Lee Joo-hyun, 33, does not want to replace her Galaxy Note 7 with another smartphone although she is afraid of possible explosions. She said she does not want to give up the functions she has been enjoying with her Note 7.“I am satisfied with the upgraded S Pen stylus. I cannot find the same function even from other smartphones made by Samsung,” Lee said, who has only used smartphones under the Galaxy series for several years.The Galaxy fan said she wished she could continue using the smartphone
Oct. 13, 2016