Most Popular
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Yoon’s jailed mother-in-law excluded from latest parole list
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Korea’s homegrown nanosatellite successfully launches into space
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Hybe's multilabel system tested amid conflict with Ador
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Aging population to drive down Korea's housing prices from 2040: experts
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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K-ITC Born2Global Center and its Members ③ NAMU
Health care startup NAMU announced Friday that it had released “Alex,” a wearable tracker designed to reduce turtleneck, or forward head posture. Until December this year, Alex will be undergoing clinical testing at two major hospitals in Korea, Asan Medical Center and Mok-Huri Neck & Back Hospital of Oriental Medicine, which specializes in the treatment of degenerative disc diseases. The results of these tests will be presented in academic journals in Korea and numerous other countries. As of J
June 23, 2016
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Pantech showcases new 'IM-100' smartphone
[THE INVESTOR] Pantech, one of top three mobile phone manufacturers in Korea, showcased its new smartphone IM-100 on June 22 at its R&D center in Seoul, unveiling its ambition to recover lost ground.IM-100 -- pronounced as “I am back” with the number pronounced “back” in Korean -– will begin sales starting next week. Pursuing minimal design, the company excluded its logo on the new mobile phone, which comes in two options: white or black. The 7-millimeter-thick mobile phone incorporates a wheel
June 22, 2016
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SK Telecom expands O2O business in China
[THE INVESTOR] SK Telecom is expanding its online-to-offline business in China in collaboration with a Korean start-up and local firms, the mobile operator said on June 22.The company signed a letter of intent on June 21 in China with Korean start-up 12CM and three Chinese firms -- Duolabao, BlueFocus, Heima Live -- to establish a joint venture. 12CM is highly evaluated in the O2O industry in Korea having invented Smart Stamp, which is widely used in coffee shops and restaurants, that has replac
June 22, 2016
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Samsung vows to invest $1.2b in US for IoT tech
[THE INVESTOR] Desperate to find new future growth engines, Samsung Electronics is betting big on the Internet of Things, a network technology which connects objects with humans.The electronics giant has announced a package of plans to grow the business for the connected technology at the Internet of Things Policy Dialogue, an industry conference held at the head office of the US daily Washington Post in Washington on June 21.Kwon Oh-hyun, Samsung Electronics’ vice chairman delivers a speech und
June 22, 2016
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Samsung Galaxy Note 7 likely to have curved screen: report
[THE INVESTOR] Samsung Electronics’ new Note phablet, tentatively called “Galaxy Note 7,” is expected to have a curved screen, indicating the Korean tech giant’s commitment to a dual-edge curved display for its Galaxy smartphones. According to local daily Munwha Ilbo, Samsung is not considering launching a flat screen version of the Note phone. The Galaxy Note 7 will be unveiled at an unpacked event held in New York in August. It will become the first Note phone with a curved screen. Citing i
June 21, 2016
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Hanwha Techwin creates synergy effect with other defense units: brokerage firm
[THE INVESTOR] Hanwha Techwin has started to create synergy with other defense affiliates of Hanwha Group, a year after the firm was merged into Korea’s 10th largest family-controlled conglomerate, a local brokerage firm said. “Defense business was the matrix of Hanwha Group,” said Kim Ji-san, analyst at Kiwoon Securities while maintaining the price target of 56,000 won and a rating of “overweight.” He said Hanwha Techwin will enjoy more positive effects following its merger into the group which
June 21, 2016
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Samsung SDS rules out stake buyback, interim dividend
[THE INVESTOR] Samsung SDS, the software services unit of Samsung Group, said on June 21 it has decided against buying back its own shares or paying an interim dividend after considering requests from some minority shareholders. “We have discussed the issues together with outside experts. We have agreed that it would be better to use our cash reserve to improve our corporate value through measures such as M&As rather than stake buyback or interim dividend,” the company said in a statement. The c
June 21, 2016
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Samsung, LG hard pressed by Chinese TV makers
[THE INVESTOR] Chinese TV makers armed with price competitiveness are a growing threat to Korean electronics giants Samsung Electronics and LG Electronics.Chinese electronics firms, such as LeTV, which is also a streaming services firm, has recently rolled out 65-inch 4K TVs with a price tag of around $900 in the Chinese market, according to IHS, a market research firm.A model poses with Samsung Electronics’ super ultra-high definition TV. (Samsung Electronics)They are around three times cheaper
June 21, 2016
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Korea’s competitiveness in advanced manufacturing drops
[THE INVESTOR] Korea’s competitiveness in advanced manufacturing sector has declined over the past years, due mainly to sluggish performance in semiconductor and mobile industry, according to a report by Hyundai Economic Research Institute released on June 21. From 2010 to 2014, added value in Korea’s advanced manufacturing industry -- which includes aerospace, semiconductor, IT and pharmaceutical, among others -- declined by 4.7 percent. Japan is the only other major country that dropped, by 9.
June 21, 2016
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Samsung to reduce investment for DRAM
[THE INVESTOR] Samsung Electronics has announced that it would shift its focus to NAND flash memory from DRAM as the global DRAM market is reeling from record low prices.“The tech giant told investors (at the firm’s investor relations session) that it would scale down the investment in its DRAM business compared to last year,” reported online news outlet the Financial News, quoting a market analyst who participated in the meeting as saying.The tech giant held IR sessions in New York City and Bos
June 21, 2016
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Samsung unveils new budget tablet model
Samsung Electronics Co., South Korea's top tech firm, released the updated version of its budget tablet series, the Galaxy Tab A, on Tuesday, saying it guarantees a better connection with entertainment.The Android-based "2016 Galaxy Tab A" features a 10.1-inch full HD-level display, a 1.6 GHz octa-core processor, 2GB of RAM and a microSD card slot for up to 200GB of removable storage. It has a 7.300 mAh battery.The tablet is equipped with an 8-megapixel rear camera and a 2-megapixel front-facing
June 21, 2016
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Samsung SDI, LG Chem batteries excluded for EV subsidies in China
[THE INVESTOR] The Chinese government has decided to suspend consumer subsidies for electric vehicles using batteries produced by two Korean companies Samsung SDI and LG Chem. The decision is expected to become a huge blow to the Korean duo that has poured considerable resources into the Chinese market in recent years, including building new battery-making plants. According to news reports on June 20, the Chinese government announced a total of 31 companies subject to EV subsidies but Samsung
June 20, 2016
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Regulator mulls charging smartphone users TV license fees
[THE INVESTOR] Korea’s media regulator is planning to set up an independent organization to improve the TV license fee system of KBS, a state-run broadcaster, which will likely include a measure to charge smartphone users.The Korea Communications Commission will form an independent group dedicated to assessing the financial structure of state-run broadcaster KBS and improving the broadcasting firm’s TV license fee system, according to a briefing reported to the National Assembly on Monday. The g
June 20, 2016
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Samsung Display to pour W10tr into OLED production plant: report
[THE INVESTOR] Samsung Display will reportedly beef up its production capacity for organic light-emitting diode displays at its manufacturing complex in Asan City, South Chungcheong Province, in a bid to maintain the lead in the growing market for display technology.The Nikkei, a Japanese financial newspaper, reported last week that the company will spend around 10 trillion won ($8.5 billion) in newly building production facilities for display panels and updating existing ones this year. Around
June 20, 2016
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Pantech to release new smartphone
[THE INVESTOR] Smartphone-maker Pantech will release a new model on June 30, its first after being acquired by a consortium led by telecom equipment firm Solid in December last year.The firm, once the third-largest in Korea after Samsung and LG, was on the brink of bankruptcy due to decreasing sales and financial constraints in 2015.After it was acquired by the consortium, the firm has focused on rolling out connected devices for automotive, defense and home automation industries.The smartphone
June 20, 2016
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NXC chairman to be questioned by prosecutors
[THE INVESTOR] Kim Jung-ju of NXC Inc., the holding firm of games maker Nexon, is to be questioned by the authorities in connection with the scandal surrounding senior prosecutor Jin Kyung-jun.According to the Seoul Central District Prosecutors’ Office, Kim will be summoned for questioning, and his lawyers are currently working out a schedule. The prosecution said that they do not have evidence of any wrongdoing on Kim’s part and that the NXC chairman will be questioned as a witness. Kim Jung-j
June 20, 2016
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Samsung Electronics to hold global executive meeting this week
[THE INVESTOR] Samsung Electronics’ annual global strategy meeting will start on June 21, with almost 500 executives in Korea and from overseas operations flocking to its headquarters. The company’s parts, appliance and mobile business divisions will hold separate meetings presided by three CEOs -- Kwon Oh-hyun, Yoon Boo-geun and Shin Jong-kyun. Samsung’s Suwon digital city complex in Gyeonggi Province.About 80 meeting sessions are scheduled to be held until next week. Considering previous year
June 20, 2016
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IoT will drive growth of chip market: Samsung
[THE INVESTOR] A top Samsung Electronics executive said that the Internet of Things market will serve as a driving force behind the company’s semiconductor business.Participating in an investor relations conference held at Conrad Seoul on June 20, Samsung’s chief technology officer So byung-se said “IoT will become a locomotive of the semiconductor business.”“Developers should tailor system-on-chips made by other chipmakers on their own, but the ARTIK platform gets rid of such nuisance,” the CTO
June 20, 2016
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Samsung to focus on building global IoT ecosystem
Samsung Electronics Co., South Korea's leading tech firm, said Monday it will accelerate a push for the establishment of a global Internet of Things (IoT) ecosystem based on its ARTIK platform.One of the key words for the ecosystem is an "end-to-end (E2E)" solution to link module and cloud services to make it easier and faster for its worldwide partners to develop IoT products.ARTIK is Samsung's IoT module composed of an application processor, memory, sensor and communication module. It supports
June 20, 2016
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Chip prices projected to rebound
[THE INVESTOR] Speculation has grown over the possible rally of semiconductor prices amid the industry’s efforts to control the supply and releases of new smartphones, industry sources said Monday. According to global online semiconductor market DRAMeXchange, the spot price of DDR3 began its rebound early this month. The prices of DDR3 and DDR4 have been on the decline since late 2014, with each hitting record lows last month, at $1.25 and $1.31, respectively. The fall of DRAM price has, consequ
June 20, 2016