Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Suspect in murder of girlfriend's mugshot, name made public
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Gamevil’s ‘Kingdom of War’ makes global debut
[THE INVESTOR] Korean mobile game publisher Gamevil announced on July 12 that its popular role-playing game “Kingdom of War” has made its global debut on the day. It is a strategy game based on a medieval fantasy world in which the mercenary characters of 52 species appear.Gamevil expects a positive market response as it has gained recognition after releasing a teaser trailer and pre-booking events. It said it has heavily invested on a robust development and global live service. By Yun Jeong-hye
July 12, 2016
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German firm to release OLED TV
German TV maker Loewe Technologies GmbH will roll out its first organic light-emitting diode TV later this year to tap into the premium market dominated by South Korea's LG Electronics Co.Loewe's OLED TV, called "bild 7," will be available in the European market starting September in 55 and 65 inches for 4,990 and 6,990 euros ($7,740)), respectively, industry sources said Tuesday.The sources said the German TV manufacturer made no mention of the High Dynamic Range technology but that it is likel
July 12, 2016
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Busan hospitals eyeing Russian market
Major hospitals in South Korea's second largest city of Busan will stage presentations in Russia later this week as part of their efforts to enter the Russian medical market and entice Russian patients, a Busan city official said Tuesday. "A medical delegation from Busan-based Dong-a University Hospital, Kangdong Hospital and CMS Korea will visit Moscow and Saint Petersburg for eight days from Wednesday," the official said.The city government co-organized the event to bolster the city's foreign
July 12, 2016
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Samsung's future technology centers on AI, IoT
South Korea's top conglomerate Samsung Group said Tuesday that its future technology will center on artificial intelligence and the Internet of Things.Of 32 research projects spearheaded by the group between 2014 and 2016 which are aimed at accelerating technology innovation, six were related to AI, the company said. The move comes amid heightened public interest in AI following the high-profile matches between Google's AI program AlphaGo and South Korean Go champ Lee Se-dol earlier this year. S
July 12, 2016
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Samsung widens gap with rivals on NAND flash memory
[THE INVESTOR] Tech giant Samsung Electronics saw its NAND flash memory sales hit an all-time high in the January-March period, according to a market report.The Korean company earned US$2.62 billion in revenue in the first quarter, up 3.1 percent from the fourth quarter last year, according to a recent report released by IHS, a market research firm. Samsung Electronics’ 3-D NAND flash memory chip. Samsung ElectronicsIts market share in the global NAND flash memory sector came in at 42.6 percent
July 12, 2016
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Korea, Switzerland to discuss science cooperation
South Korea said Tuesday it will hold talks with Switzerland in Seoul this week on promoting bilateral cooperation in three main fields - basic science, industrial technology and life science.The fourth meeting of a related joint committee, slated for Wednesday, coincides with a Seoul trip by Swiss President Johann Schneider-Ammann for a summit with President Park Geun-hye.The two nations signed an accord on science and technology partnerships in 2008 and launched the committee a year later.Pho
July 12, 2016
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Samsung expands presence in NAND flash market
South Korea's tech giant Samsung Electronics Co. basked in a record share of the global NAND flash market in the first quarter of the year, data showed Tuesday.Samsung's share came to 42.6 percent of the global DRAM market in terms of sales during the January-March period, up 0.6 percentage point from the previous quarter, according to the data compiled by industry tracker IHS Inc. The company logged $2.61 billion in global sales, also up 3.1 percent from the same period a year earlier.NAND flas
July 12, 2016
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CJHV, SKB submit reports to convince FTC of M&A
[THE INVESTOR] Cable TV network operator CJ HelloVision and IPTV firm SK Broadband submitted follow-up reports to the antitrust watchdog after its recent rejection of their merger and acquisition deal.The two companies refused to provide any details of the report, but they are said to have claimed the feasibility of the planned M&A deal.The Fair Trade Commission had opposed the proposed M&A plan on the grounds that the combined business entity will become a dominant player in the pay TV market a
July 11, 2016
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Security robots to guard 2018 PyeongChang Winter Games
South Korea will use security guard robots to reinforce safety in and around Olympic stadiums and venues during the 2018 PyeongChang Winter Games, the government said Monday. The Ministry of Trade, Industry and Energy said it has launched a robot support team led by Oh Joon-ho, a professor of the Korea Advanced Institute of Science and Technology.The team will draw up a comprehensive plan on the use of security guard robots by next month in the run-up to the winter games scheduled in February 20
July 11, 2016
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Samsung TVs to benefit from toughened EU rules
[THE INVESTOR] Samsung Electronics, the sole producer of cadmium-free quantum-dot TVs, is expected to benefit from European Union’s planned ban on TVs containing the carcinogen metal. According to Korea Trade-Investment Promotion Agency on July 10, EU is mulling to ban sales of quantum-dot TVs containing cadmium from early next year. The final decision will be made later this month after a public hearing. Samsung’s SUHD quantum-dot TVQuantum dots are tiny particles that emit a different color of
July 11, 2016
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Korea issues nationwide encephalitis warning
South Korea's health authorities on Monday issued a nationwide warning against the spread of encephalitis, advising the public to pay attention to personal hygiene and to get vaccinated if necessary. The Korea Centers for Disease Control and Prevention said it confirmed more than 500 mosquitoes of the Culex tritaeniorhynchus species nationwide that act as a carrier for the disease.The virus of Japanese encephalitis can cause an acute inflammation of the brain in humans. The center cautioned that
July 11, 2016
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Korea approves CHA University's embryonic stem cell research
South Korea has approved CHA University's embryonic stem cell research seven years after it submitted the plan, on condition that it abides by high ethical standards, the government said Monday. The Ministry of Health and Welfare said it allowed the research team led by Prof. Lee Dong-ryul to use 600 egg cells in the next five years for the purpose of developing rare disease treatments. The ministry said the conditional approval requires the research team to abide by regulations on collection of
July 11, 2016
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Panasonic dismisses Samsung, LG as viable suppliers for Tesla
[THE INVESTOR] Korean firms Samsung SDI and LG Chem are unlikely to supply batteries for US-based Telsa’s electric cars any time soon, as Panasonic will continue being the exclusive supplier, according to an executive at the Japanese firm.Kenji Tamura, the head of Panasonic’s energy business, said in a recent interview with Japanese reporters that he is “confident,” that Panasonic would keep the exclusive contract with the US partner.Tesla Model 3This is because as Panasonic, the sole battery su
July 11, 2016
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LINE sets IPO price at 3,300 yen
[THE INVESTOR] LINE Corp. has set the price for its initial public offering at the top of its marketing range to raise up to 132.8 billion yen (US$1.3 billion), the company said in a regulatory filing on July 11 in Tokyo. The immensely popular mobile messaging service, owned by Korean Internet giant Naver, will sell 35 million shares at 3,300 yen per share. Another 5.25 million shares also will be sold through a so-called greenshoe option allowing it to increase the amount of stock sold. The com
July 11, 2016
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Samsung reaches agreement with Shinsegae on mobile payment services
[THE INVESTOR] Although Samsung Electronics has touted its mobile payment solution Samsung Pay as a universal payment platform available both online and offline, it had a major setback as it was unavailable at the stores run by South Korea’s largest retail firm Shinsegae.Things will likely change soon as the two have reportedly reach an agreement.Samsung Electronics’ mobile payment solution Samsung Pay. Samsung Electronics“After lengthy negotiations, the two companies have been able to find midd
July 11, 2016
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Samsung SDS sets up logistics JV with Thailand’s Acutech
[THE INVESETOR] Samsung SDS, the IT solutions and logistics unit of Samsung Group, said on July 11 it has agreed with Thailand’s Acutech to set up a joint venture to expand its presence in the soaring Southeast Asian logistics market. Acutech, established in 1987, is Thailand’s largest logistics company whose key clients include electronics, automotive parts and food makers. Samsung SDS headquarters in Jamsil, southern SeoulTaking advantage of Acutech’s client base in the region, Samsung SDS pla
July 11, 2016
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New start-up center to support foreign businesses
[THE INVESTOR] A new start-up center funded by the Seoul Metropolitan Government will help expats grow their businesses by assisting them in developing globally.The Seoul Global Startup Center in Yongsan-gu is the first government-subsidized scheme to provide seed funding mainly for foreigners through an incubation program in Korea. Seoul GSC’s five-month incubation program will provide 10 million won ($8,656) in seed funding to successful applicants.Each team will also receive a 24-hour office
July 11, 2016
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SK-CJ deal collapse spells doom for cable TV market
The state antitrust watchdog Fair Trade Commission’s preliminary decision to oppose the proposed merger and acquisition plan between IPTV operator SK Broadband and cable TV operator CJ HelloVision has left the two companies as well as the cable TV and media content sectors in trouble.The 50 billion-won ($43 million) investment plan of the merged business entity in nurturing media content businesses, promised by network operator SK Telecom, the parent firm of SKB, has now seemingly hit the buffer
July 10, 2016
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Pantech scores early success with mid-tier smartphone
South Korean mobile phone-maker Pantech’s new mid-tier smartphone Sky IM-100 is selling quickly in the Korean market, with some 30,000 units sold since the model’s launch two weeks ago. About 7,000 units of the Sky IM-100 were preordered in June while daily sales since the model hit the market on June 30 have averaged 2,000 units, according to SK Telecom and KT, the two mobile service providers that are selling Pantech’s new budget smartphone here.Pantech’s Sky IM-100 (Pantech) SKT and KT have
July 10, 2016
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S Korea reports 7th confirmed case of Zika virus
South Korea has confirmed its seventh Zika virus infection in a man who returned from Guatemala, Seoul health authorities said Sunday.The latest Zika patient was discovered nine days after the sixth case was confirmed here.The 52-year-old man, whose identity has been withheld, tested positive for the mosquito-borne virus after returning home from the Central American country Wednesday, the Korea Centers for Disease Control and Prevention said.The KCDC assured that the man shows no particular sy
July 10, 2016