Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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[Weekender] Geeks have never been so chic in Korea
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Korean firms target EV charging market in US
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Seoul sees further jump in cost of dining out
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Human rights commission urges Korea to raise awareness of LGBTQ rights
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LG completes Europe HQ relocation to Germany
[THE INVESTOR] South Korean tech giant LG Electronics has recently completed the relocation of its European headquarters from London to Germany’s Eschborn, an official from the tech firm said. “LG has already completed the relocation process of the European head office to Germany,” Cho Joong-kwon, an LG Electronics spokesperson, said, denying recent news reports that the company is moving its Europe headquarters out of London in the wake of "Brexit."“Related discussions were underway before the
July 21, 2016
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Iris recognition on smartphones yet to satisfy consumers
Iris recognition is the new "in" feature for smartphones that has yet to take off with consumers, and Samsung Electronics’ new flagship set to be unveiled next month may set the standard for the technology, industry watchers said Thursday.Samsung has disclosed in its invitations to the uncloaking of the Galaxy Note 7 in the New York on Aug. 2 that the new big-screen gadget will have an iris scanning feature for recognition, a step above fingerprint identification. Iris scanning is hailed as more
July 21, 2016
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Korea's automobile output shrinks on overseas production
Korea's automobile output is on a decline but largely due to a rise in overseas production, industry data showed Thursday.In 2015, the country's overall automobile output came to 4,555,957 units, down 2.2 percent from 4,657,094 in 2011, according to the data from the Korea Automobile Manufacturers Association.Korea and Germany were the only countries among the world's top five automaking countries whose annual output dropped.China, the world's largest automaker, had its production spike 33 perce
July 21, 2016
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Users in their 20s prefer iPhone, 60s like Galaxy
Koreans in their 20s prefer Apple Inc.'s iPhone to other smartphones, while the Galaxy S by Samsung Electronics Co. is preferred by those in their 50s and 60s, a survey showed Wednesday. According to the survey of 1,004 people, conducted by Gallup Korea last week, 41 percent of the respondents who are aged 20 to 29 use iPhones. The survey found that 3 percent of the respondents who are aged 50 to 59 use iPhones and 1 percent of the respondents aged 60 to 69 use iPhones. In contrast, 57 percent o
July 20, 2016
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Kakao boosts investment in games
Mobile messenger operator Kakao has been boosting investment in local game firms apparently to secure continued cash flow while its new online-to-offline business takes time to generate meaningful profits. Kakao announced Tuesday it plans to invest in game developer Shiftu, run by a former art director of “Blade & Soul.” In May, the company also invested 3 billion won ($2.6 million) in mobile role-playing game developer Kokomo and 1 billion won in social-networking game maker V8. (Kakao)Now, it
July 20, 2016
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SK Telecom seeks leadership in mobile navigation business
South Korea’s leading network operator SK Telecom vowed to become an uncontested leader in the local mobile navigation business by making its flagship car navigation app T-map free for everyone starting from Tuesday.By freeing up T-map -- which non-SKT subscribers previously had to pay 4,000 won ($3.50) per month to use -- SKT is looking enhance the app’s competitiveness by securing more users. A model holds up a smartphone with SKT's flagship mobile navigation T-map in operation. From Tuesday,
July 20, 2016
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Growing signage market boon for Samsung, LG
[THE INVESTOR] The growing global digital signage market is becoming a new battlefield for Korean tech giants Samsung Electronics and LG Electronics, each vying to gain the upper hand.The shipment volume of digital signage displays in the global market is forecast to grow from 4.4 million in 2015 to 7.7 million units by the year of 2020, according to a recent report by market research firm IHS.The signage market will grow 8.3 percent per year on average, the market researcher forecast. Samsung E
July 20, 2016
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China to review safety of Samsung, LG batteries
[THE INVESTOR] The Chinese government has recently decided to review the safety of nickel-manganese-cobalt-oxide batteries, or NMC, that are produced by leading battery-makers like Samsung SDI and LG Chem. Industry watchers say it is highly likely that the decision is politically motivated to offer benefits to China’s less experienced battery-makers that are still focusing on lithium-ion-phosphate batteries, or LFP.The NCM manufacturing improves battery life and performance but requires more adv
July 20, 2016
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LG to see W4tr in automotive parts sales by 2018
[THE INVESTOR] LG Electronics, which is making a big push on automotive parts business, is forecast to increase the sales to about 4 trillion won (US$3.5 billion) in the next two years, according to analyst estimates on July 20. The company’s auto parts business division is expected to post more than 600 billion won in sales in the second quarter. Last year’s sales reached 1.8 trillion won. A see-through image of GM’s upcoming full-electric Bolt. LG Electronics will supply 11 key parts, includin
July 20, 2016
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[INTERVIEW] LINE eyes B2B, smart portals as post-IPO strategies
[THE INVESTOR] The much-publicized initial public offering of Line Corp. -- the world‘s seventh-most used messaging app -- has finally happened.Owned by South Korean Internet giant Naver and based in Japan, Line went public on the New York Stock Exchange and Tokyo Stock Exchange on July 14 and July 15, raising $1.3 billion in the biggest IPO of the year in the local tech sector.But the IPO marks only one of the steps Line has been taking to maximize profit and strengthen its identity as a global
July 20, 2016
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Samsung Galaxy Note 7 to feature 64GB memory only
[THE INVESTOR] Samsung Electronics is expected to release the upcoming Galaxy Note 7 with a 64-gigabyte internal storage capacity only, ditching its existing marketing strategy of offering two storage options. According to industry sources, Samsung has decided to do so considering the latest trend of bigger smartphone storage as mobile users are increasingly enjoying multimedia functions, including high-resolution photos and videos. Its predecessor Galaxy Note 5 came with 32GB and 64GB memory op
July 20, 2016
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Samsung to offer 12,500 Galaxy S7 Edge phones to all Olympic athletes
[THE INVESTOR] Samsung Electronics said on July 19 it will offer 12,500 Galaxy S7 Edge smartphones to all athletes participating in the upcoming Summer Olympics in Rio de Janerio, Brazil. The phone model to be offered is the company’s latest Olympics-themed Galaxy S7 Edge. It will be offered together with the Gear Icon X, the new wireless Bluetooth earbuds. The total amount is estimated at about 15 billion won (US$13 million). Samsung’s Olympics-themed Galaxy S7 EdgeDuring the 2014 Sochi Winter
July 20, 2016
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LG Display doubles 65-inch OLED panel production in Q2
[THE INVESTOR] LG Display, the display-making unit of LG Group, has almost doubled production of its 65-inch organic light-emitting diode panels in the second quarter as more TV manufacturers are adopting the larger OLED display. According to UBI Research, a local research firm specialized in OLED, the company shipped a combined140,000 OLED panels in the April-June period. Of them, the 65-inch panel made up 28,000 units, doubling from some 14,000 units in the first quarter. The increased shipmen
July 20, 2016
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Committee for UHD broadcasting launched in Korea
[THE INVESTOR] The Korea Communications Commission, the state media regulator, said that a preparation committee for starting ultra-high definition broadcasting in Korea was launched on July 19.The committee consists of 14 members from the government agencies, TV makers, research institutes, and academia, including the Ministry of Science, ICT and Future Planning, Samsung Electronics, and LG Electronics.Lee Ki-joo, a standing committee member of the KCC, and Second ICT Vice Minister Choi Jae-yoo
July 19, 2016
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SK Telecom, CAT to set up JV for Thai e-payment market
[THE INVESTOR] SK Telecom will join hands with Thailand’s CAT Telecom and enter the Southeastern country’s electronic payment market, Thai daily The Nation reported on July 19. Surapant Meknavin, acting president of the public enterprise, acknowledged that the two telecom operators will set up a joint venture to provide an e-payment gateway service. SK Telecom will own 51 percent of the JV, reportedly named Tree Pay, with registered capital of 200 million baht (US$5.72 million). Scheduled to be
July 19, 2016
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Korea to invest W12.5b in ‘soft robots’
[THE INVESTOR] The Ministry of Science, ICT and Future Planning said July 19 that the ministry will invest a total of 12.5 billion won (US$11 million) in the field of bio-inspired robotics, often called “soft robotics,” over the next seven years. Soft robots are highly flexible and look like sea creatures. The research aims to build machines that handle tasks impossible with traditionally designed robots. A stingray-shaped bio hybrid robot (left), a joint research project of Korea’s Sogang Unive
July 19, 2016
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[EXCLUSIVE] Samsung to adopt loyalty rewards program for Samsung Pay users
[THE INVESTOR] Samsung Electronics is seeking to lure more users to its mobile payment service Samsung Pay with a new loyalty rewards program, tentatively called Samsung Pay Rewards, industry sources said on July 19. The Korean tech giant has been pouring resources into expanding Samsung Pay’s presence globally, which it believes is crucial for its device sales. Since its launch in August 2015, the number of subscribers has reached 2.5 million globally, with the total transaction volume surpassi
July 19, 2016
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[News Focus] Will China’s memory chips push threaten Samsung?
China’s latest move to contend in the memory chips segment could threaten the dominant positions of two South Korean firms in the global market --Samsung Electronics and SK Hynix -- and incur a possible technology leak through the departures of local professionals to the neighboring country, market watchers warned Tuesday.China’s chip-maker JHICC recently broke ground for its DRAM plant with an investment of around 6 trillion won ($5.2 billion), aiming to produce 60,000 sheets of 12-inch (30-cen
July 19, 2016
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‘Pororo Go’ to launch in Korea, riding on ‘Pokemon Go’ craze
Encouraged by the explosive popularity of Nintendo’s augmented-reality mobile game “Pokemon Go,” a South Korean tech start-up plans to introduce a similar game based on the country’s iconic animation “Pororo the Little Penguin.”SocialNetwork Co., a local start-up which specializes in augmented-reality technology, said Monday that it has begun developing “Pororo Go” in conjunction with the animation’s producer Iconix Entertainment.Pororo the Little Penguin” (Iconix Entertainment)“While ‘Pokemon G
July 19, 2016
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LG Electronics releases 77 inch OLED TV
LG Electronics has released a 77 inch TV powered by organic light-emitting diode technology, priced at 41 million won, the company said Tuesday.The product is the latest TV model in its LG SIGNITURE product lineup and a sequel to a 65 inch OLED TV released in March.Starting with South Korea, the electronic giant plans to release the premium TV in markets in the U.S., Europe and Asia, to expand its presence in the high-end TV category. The LG SIGNATURE OLED TV boasts luxury but sophisticated desi
July 19, 2016