Most Popular
-
1
Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
-
2
Debate rages over ‘overly fatty’ samgyeopsal
-
3
[Weekender] Korean psyche untangled: Musok
-
4
40 flights canceled on Jeju Island due to bad weather
-
5
[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
-
6
N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
-
7
From fake prostitution ring to nonexistent robber, prank calls hamper police
-
8
Missing S. Korean traveler in Paris found safe after 2 weeks
-
9
Pandemic left Korea more depressed than before: report
-
10
Defense chiefs of US, Australia, Japan decry NK-Russia military cooperation
-
Samsung SDS steps up mobile security business in Europe
Samsung SDS, the IT solutions affiliate of Samsung Group, is expanding its mobile security solution business into the European market, company officials said on Wednesday. The tech firm recently partnered with the U.K. banking and financial services company Barclays to back the development of digital banking services together with Samsung Electronics. Under the partnership, Samsung Electronics is set to provide its mobile security platform KNOX while Samsung SDS plans to offer its mobile authent
Aug. 3, 2016
-
[Photo News] LG promotes Korea in Time Square
LG Electronics started this week to run promotion videos of Korean cultural heritage in Times Square, New York. The company said the 60 second video ad that portrays 11 cultural heritages and Bulguksa Temple will be displayed throughout August. Cultural Heritage Administration.
Aug. 3, 2016
-
Samsung expands biosimilars business with new affiliate
South Korean tech giant Samsung Group is working to expand its biosimilars business beyond Samsung Bioepis, the group’s drug developing unit specializing in making biosimilar drugs, according to industry sources on Wednesday. Archigen Biotech Ltd., a joint venture between Samsung BioLogics and U.K.-based AstraZeneca, on June 20 applied for the U.S. Food and Drug Administration’s approval to initiate phase 3 clinical trials for SAIT101, a biosimilar drug referencing Biogen’s Rituxan (rituximab).
Aug. 3, 2016
-
Korea selects 5 consortiums for VR projects
South Korea's science ministry on Wednesday said it has selected five consortiums, including the one led by the country's largest fixed-line and broadband operator KT Corp., to carry out various virtual reality projects.The Ministry of Science, ICT and Future Planning said it will invest 3.78 billion won ($3.39 million) in the projects and another 4 billion won will be funded by the private firms.The government earlier announced a package of measures to foster the VR industry, saying that the se
Aug. 3, 2016
-
Gov't to spend 168 bln won for science research institutes
South Korea's science ministry said Wednesday that it will spend over 160 billion won ($144 million) on developing government-funded research institutes in the field of science and technology.Under the plan, the Ministry of Science, ICT, and Future Planning will allocate the budget next year to assist the research institutions.The ministry said it will first select some 170 research institutions out of more than 4,800 across the country that have the most growth potential.The selected institutes
Aug. 3, 2016
-
[Newsmaker] Samsung unveils Galaxy Note 7 in New York
[THE INVESTOR] NEW YORK -- Samsung Electronics took the wraps off the much-anticipated Galaxy Note 7 smartphone at its annual Samsung Galaxy Unpack event in New York on Tuesday.Although the latest large-size smartphone -- often called a “phablet,” a combination of phone and tablet -- is the sixth in the Note lineup, it has been dubbed the Note 7 to align the numbering with the Galaxy S lineup.It comes with a slew of new features that will probably provide reason enough for those currently using
Aug. 3, 2016
-
[GALAXY NOTE] Samsung unveils Galaxy Note 7 in New York
[THE INVESTOR] NEW YORK -- Samsung Electronics took the wraps off the much-anticipated Galaxy Note 7 smartphone at its annual Samsung Galaxy Unpack event in New York on Tuesday.Although the latest large-size smartphone -- often called a “phablet,” a combination of phone and tablet -- is the sixth in the Note lineup, it has been dubbed the Note 7 to align the numbering with the Galaxy S lineup.It comes with a slew of new features that will probably provide reason enough for those currently using
Aug. 3, 2016
-
[Photo News] Samsung unveils Galaxy Note 7 in New York
Tech giant Samsung Electronics unveiled the Galaxy Note 7, the sixth of the phablet lineup, in New York on Aug. 2. (Samsung Electronics)
Aug. 3, 2016
-
LG to supply parts for GM's Bolt EV starting in August
[THE INVESTOR] LG Electronics will start supplying parts for General Motors’ upcoming full-electric Chevrolet Bolt from later this month. The Korean tech giant plans to supply 11 key parts, including the motor, invertor and battery pack, for the next six years. GM’s Chevrolet Bolt EV conceptThe car is expected to be launched in the fourth quarter. LG’s vehicle component is making a big push to secure more orders from global carmakers. Industry watchers expect the division’s sales to surge to 3 t
Aug. 2, 2016
-
Kolon Industries to produce colorless polyimide for first time
Kolon Industries, the chemical and textile unit of Kolon Group, said on Tuesday it will invest about 90 billion won ($81 million) in producing colorless polyimide, a key material for “bendable” smartphones and other flexible mobile devices. The company said it aims to complete the production line at its plant in Gumi, North Gyeongsang Province, by the first quarter of 2018. Kolon’s colorless polyimide, a key material for “bendable” smartphonesKolon is the first to produce the new material, while
Aug. 2, 2016
-
Samsung’s P/E ratio rises above Apple's for first time
Samsung Electronics’ price-to-earnings ratio has outpaced that of its archrival Apple for the first time. Samsung was trading at a P/E ratio of 13.41 on the local bourse on Tuesday, while the figure for Apple remained at about 12.23. Until the end of 2013, Apple’s P/E ratio (12.14) almost doubled that of Samsung (6.93). But the gap started to narrow in 2015. While Apple’s P/E ratio remained almost the same last year at about 12.43, that of Samsung soared to 9.98. This year, Samsung stocks starte
Aug. 2, 2016
-
Samsung, SK hynix up memory chip investment
Memory chipmakers -- Samsung Electronics and SK hynix -- are spurring investment as Chinese tech giants are making an aggressive push into the semiconductor business backed by their government, analysts said.Chinese conglomerate Tsinghua Unigroup recently acquired half of the state-run chipmaker XMC. The tie-up is viewed by industry watchers as helping China move toward the goal of self-sufficiency in memory chips. Tsinghua Unigroup reportedly plans to set up memory chip factories with an invest
Aug. 2, 2016
-
SK Telecom, Nokia develop portable LTE network that fits in a backpack
South Korean network operator SK Telecom and Nokia on Tuesday said they have jointly developed a backpack-size portable Long Term Evolution network system tailored for rescue operations and emergency services.Compact enough to fit inside a backpack, the new portable LTE network system is equipped with a standalone base station as well as additional communications solutions, according to SKT.“The portable all-in-one PS-LTE system is a ground-breaking solution that enables communication among firs
Aug. 2, 2016
-
Korea to invest 200 bln won this year to expand EV charging infrastructure
South Korea will spend about 200 billion won ($180.3 million) this year to sharply expand electric vehicle charging infrastructure nationwide as part of its efforts to foster the eco-friendly sector as a new growth engine, the trade ministry here said Tuesday.Under the plan, led by the Korea Electric Power Corp., the country's sole power supplier, the government will build 150 on-street stations by November to accommodate 300 super chargers that are available for privately owned electric cars an
Aug. 2, 2016
-
Jicen Hitech, Chinese city unite for watch phone release
Watch phone-maker Jicen Hitech has signed a memorandum of understanding with Huaian City in China‘s Jiangsu province to provide 50,000 units of the smart wearable device, the Korean company officials said Monday.Under the agreement reached on July 14, the Korean company will establish a joint venture firm with China’s Unicom and the city. The city will provide the construction site and bear the set-up costs for the new firm while Jicen will supply the technology.Jicen’s Watch Roid (Jicen Hitech)
Aug. 1, 2016
-
Naver’s photo app Snow embroiled in plagiarism row
A local start-up has accused South Korean Internet search giant Naver of copying its photo and video-editing app. Seerslab alleged that Naver’s Snow app copied the image and camera functions of its photo-editing app Lollicam. Naver’s Snow is a photo app that enables users to take photos with face-tracking “stickers” and share them with friends. The app has hit 40 million downloads so far since it was first launched in September. Seerslab claims that Snow’s imaging functions, “stickers” and backg
Aug. 1, 2016
-
Samsung considers LG Innotek parts for Galaxy S phones
[THE INVESTOR] Samsung Electronics is continuing talks with LG Innotek, the parts unit of LG Group, to use the company’s “2 metal chip-on film” for its flagship Galaxy S phones, the Chosun Ilbo reported on Monday. Samsung uses chips and display panels from SK hynix and Chinese rivals, but it is rare for the company to use parts from its cross-town rival LG. The Samsung Galaxy S7 Edge, a curved-screen variant that outsells its flat-screen sibling (Samsung Electronics)The 2 metal chip-on film is u
Aug. 1, 2016
-
Duty-free sales nearly double in June
Sales at South Korea's duty-free stores nearly doubled in June from a year ago thanks to a rising influx of Chinese travelers and last year's low base in the wake of the Middle East Respiratory Syndrome outbreak, data showed Monday. Sales at duty-free stores nationwide jumped 94.1 percent in June from a year ago, surging for the ninth consecutive month, according to the data compiled by the Korea Customs Service. The June sales marked a sharp yearly growth because the market was hit hard by the
Aug. 1, 2016
-
[Weekender] Augmented reality beyond gaming and entertainment
The explosive popularity of Nintendo and Niantic’s augmented reality game “Pokemon Go” has set off a boom in Korea, with companies, the government and consumers thinking about how the combination of reality and digital imagination can change everyday life.For now, the primary focus is on games and entertainment as augmented reality is largely perceived as an advanced version of virtual reality. Virtual reality, which completely changes how users perceive their surroundings rather than adding com
July 29, 2016
-
[Weekender] 'Pokemon Go’ spotlights augmented reality’s potential
The explosive popularity of Nintendo and Niantic’s GPS-based mobile game “Pokemon Go” around the world, including South Korea, has thrust into the spotlight the core technology behind the game -- augmented reality.What exactly is augmented reality? It's a technology that overlays (or augments) digital images onto a person’s view of the world, merging one’s physical reality with digital imagination. In the case of “Pokemon Go,” the app utilizes gamers’ real-world locations to make Pokemon charact
July 29, 2016