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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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
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Consumer Reports: Samsung phone not actually water resistant
NEW YORK (AP) – Consumer Reports says a Samsung phone that's advertised as being ``water resistant'' actually isn't.The problem appears limited to the Galaxy S7 Active, a rugged model available only through AT&T in the U.S. The standard S7 and S7 Edge models have the same claims on water resistance and passed tests.Consumer Reports, a non-profit organization that is well respected for its product testing, said Friday that it can't recommend the Active because it doesn't meet Samsung's own claims
July 8, 2016
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LG Uplus slapped with fine for blocking probe
[THE INVESTOR] Mobile carrier LG Uplus and its executives have been fined with a total of 225 million won (US$194,175) for obstructing a probe conducted by the Korea Communications Commission into the firm’s alleged violation of local telecom laws.The telecom regulator said on July 8 that it decided to impose the fine after LG Uplus refused to submit necessary business documents during its June investigation. KCC was looking into allegations that the mobile carrier had handed subsidies to new c
July 8, 2016
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LG Display to benefit from Samsung Display’s shutdown of LCD lines
[THE INVESTOR] Seoul-based display maker LG Display will likely see its operating profit jump 26 percent to 419 billion won (US$361.6 million) in the July-September period this year thanks to a price increase of liquid-crystal display, according to an investment report.“The price of liquid-crystal displays will continue to be on an upward trend,” said Jeong Won-seok, an analyst from HI Investment & Securities, in his recent investment report, adding the operating income in the latter half would
July 8, 2016
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LG Electronics eyes high-end market in Latin America
[THE INVESTOR] LG Electronics is seeking expansion in Central and South American markets for high-end home appliances. The company said on July 8 that it opened a four-day event introducing its new lineup in Cancun, Mexico. The event, titled InnoFest, opened on July 6, the company said. LG Electronics, which has been holding InnoFest events across the globe since February, plans to introduce a diverse range of new products in the region this year. The company plans to lead with its new Twin Wash
July 8, 2016
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Samsung makes up 9% of China Mobile phones
[THE INVESTOR] Samsung Electronics phones made up 9 percent of smartphones used by 800 million China Mobile customers, China’s largest telecom carrier said in a recent report. The most favorite smartphone brand among China Mobile customers was Apple’s iPhone that made up 15 percent or some 120 million phones of the total. Together with Samsung, China’s Xiaomi and Huawei were ranked second with 9 percent market share, respectively. Samsung Galaxy S7 launch event held in ShanghaiChinese runner-ups
July 8, 2016
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[URGENT]LG Electronics estimated to post W585b operating profit in Q2
[THE INVESTOR] LG Electronics said in its earnings guidance released on July 8 that it posted 584.6 billion won (US$503.9 million) in operating profit and 14 trillion won in revenue in the April-June period.By Kim Young-won (wone0102@heraldcrop.com)
July 8, 2016
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Operating-margin gap between Samsung, Apple likely to decline
[THE INVESTOR] The operating-margin gap between South Korean tech giant Samsung Electronics and California-based Apple is likely to reduce to a record low level in the April-June period. Samsung Electronics said in its earnings guidance for the three-month period that it posted 8.1 trillion won (US$7 billion) of operating income and 50 trillion won of revenue during the three months. Based on the estimated figures, the operating margin of the Korean firm will come in at 16.2 percent, the second
July 8, 2016
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Samsung unveils Galaxy S7 Edge Olympic edition
Samsung Electronics Co. unveiled its limited edition Galaxy S7 Edge smartphone on Friday designed to celebrate the upcoming Rio Olympic Games.The South Korean tech giant said it will begin the sale of the special version in South Korea, Brazil, China, the United States and some other selected nations on July 18.Samsung is a long-time sponsor of the quadrennial global sports gala.The revelation of the special edition phone marks the official launch of its "global Rio 2016 Olympic Games campaign."
July 8, 2016
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FTC refuses to delay decision on SK-CJ merger
[THE INVESTOR] The Fair Trade Commission has refused CJ HelloVision’s request to delay its decision on the planned merger and acquisition deal with SK Broadband, an IPTV firm run by SK Telecom. FTC officials told Herald Business and The Investor that they would not be pushing back the schedule. Last week, the regulator handed down a preliminary decision to CJ and SK, saying that it opposes the merger, as it could hamper fair market competition by unleashing an excessively-dominant player. CJ an
July 8, 2016
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CJ HelloVision asks watchdog to postpone decision on M&A with SK Broadband
[THE INVESTOR] Cable TV operator CJ HelloVision has sought the antitrust regulator’s permission to delay a meeting for deciding on its planned merger and acquisition deal with SK Broadband, a local IPTV firm.To that end, it also said it would like to delay submitting a report on the matter. “We have asked the Fair Trade Commission to postpone its July 15 standing committee meeting by a month, and the report deadline to Aug. 4,” CJ HelloVision said in a statement, stressing that the schedule is t
July 8, 2016
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Samsung shares Olympic spirit with new Galaxy S7 Edge
[THE INVESTOR] Tech giant Samsung Electronics unveiled the Galaxy S7 Edge Olympic Games Limited Edition in Sao Paulo, Brazil, ahead of the Rio Olympic Games to be held from Aug. 5 to 21.The latest handset features Olympics-inspired designs -- the colors of the Olympic Rings are featured in the phone’s home and lock screens as well as the message, dial and contact screens and notification bar. Wallpapers themed with the Rio 2016 Olympic Games are also featured.Working with the International Olymp
July 8, 2016
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Naver chief to meet media ahead of LINE IPO
[THE INVESTOR] Lee Hae-jin, the reclusive leader of Internet giant Naver, will make an appearance at a press meeting on July 15 when the company’s subsidiary and mobile messenger operator LINE goes public in Japan“Naver board chairman Lee will attend a press meeting in Seoul on the same day when LINE is listed on the Tokyo Stock Exchange,” said Kim Hyun-ji, a public relations representative of the firm, adding the exact schedule and place are yet to be finalized. It will be Lee’s first appearanc
July 7, 2016
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Hyosung joins effort to help game start-ups’ China expansion
[THE INVESTOR] Hyosung Group, a South Korean industrial conglomerate, and North Jeolla Province have joined the efforts to help local game start-ups gain a foothold in China. Hyosung Group and four other organizations, including South Jeolla Provincial Office and HN Games, formed a business agreement on July 7 at the Jeonbuk Creative Economy and Innovation Center, the company said. Under the plan, Hyosung plans to invest 1 billion won (US$ 864,650). The company, in partnership with the organizat
July 7, 2016
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Samsung forecasts best profits in two years on strong Galaxy S7 sales
Samsung Electronics expects to report its best quarterly results in more than two years in the second quarter of this year thanks to the sustained popularity of its flagship Galaxy S7 smartphones, the company said Thursday. The world’s largest smartphone maker by shipments estimated an operating income of 8.1 trillion won ($6.9 billion) for the latest quarter, a 17 percent increase from the 6.9 trillion won posted a year ago. Its revenue is also likely to increase 3 percent year-on-year to aroun
July 7, 2016