Most Popular
-
1
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
2
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
3
S. Korean children, teens grow taller, mature faster than before: study
-
4
Army takes group action against Hybe for neglecting BTS
-
5
Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
-
6
[Graphic News] Number of coffee franchises in S. Korea rises 13%
-
7
Some junior doctors are returning: Health Ministry
-
8
Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
-
9
Woman dangling from power lines rescued by residents holding blanket
-
10
Naver will consider company benefits in deciding on selling Line shares: CEO
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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 Electronics and LG Electronics, 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 in
June 20, 2016
-
Digital signage industry to create 700,000 jobs by 2020: report
[THE INVESTOR] Korea Economic Research Institute, a state-run research organization, anticipated that the digital signage market would create around 70,000 jobs by the year 2020. The digital signage is a large-size digital board, often made of organic light-emitting diode or liquid-crystal displays. The boards are used to display images, videos and textual information. The signage segment will spark 10.1-trillion-won ($8.7 billion) worth of production and create 3.2 trillion won in added value,
June 20, 2016
-
Nzin renamed as KakaoGames to enter US, Europe markets
[THE INVESTOR] Kakao’s gaming affiliate Nzin will change its name to KakaoGames next month aiming to improve integration of its ever-evolving business portfolio. The decision will be voted during a shareholders meeting planned on June 30.“The renaming aims to strengthen the company’s brand value as a multi-platform gaming company and elevate the sense of unity as a Kakao family,” said a Kakao official. The official said, among others, the renaming will be helpful for the company to seek business
June 20, 2016
-
Regulator mulls smartphone users TV license fee
[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 June 20. The
June 20, 2016
-
Korea, Japan, China sign MOU on drone cooperation
[THE INVESTOR] Industrial organizations of South Korea, Japan and China on June 19 agreed to join hands to nurture the nascent drone industry together. The Korea Industrial Technology Association said it has signed a memorandum of understanding with its Chinese and Japanese counterparts on the sidelines of the Shenzhen International UAV (unnamed aerial vehicle) Expo. Korea Drone Industry Promotion Association chairman Lee Hyo-koo (left) and his Chinese and Japanese counterparts pose at an MOU ev
June 20, 2016
-
Samsung sees no serious impact from chip plant suspension in China
[THE INVESTOR] Samsung Electronics downplayed any serious impact from the suspension of its chip-making plant in China that was caused by an explosion at a nearby power substation over the weekend. The Korean tech giant on June 20 said that following the explosion some production lines stopped working due to low voltage power and they are working on the resumption in the next three days. Samsung’s first semiconductor fabrication factory in Xian, China“Up to thousands of wafers should be dispose
June 20, 2016
-
Kakao Pay users top 10 mln
South Korea's top mobile messenger operator Kakao Corp. said Monday its mobile payment platform Kakao Pay currently has more than 10 million users, roughly 19 months after its launch in the country.Introduced in September 2014 and similar to the world-famous PayPal, users pre-register their credit and debit cards, and make transactions simply by typing in their passwords. Kakao, which has been rolling out various services on the back of 38 million local users of the KakaoTalk mobile messenger, s
June 20, 2016
-
[INTERVIEW] Samsung's ever-evolving marketing innovations
[THE INVESTOR] Early this year, Samsung Electronics’ marketing team was preparing for the firm’s most important launch -- the Galaxy S7. It was a crucial juncture for the Korean tech giant. Its profits were hit hard by lukewarm sales of the phone’s predecessor, while rivals were fast gobbling up market share of the world’s largest smartphone-maker. But the team didn’t seek a safe option and decided to take risks. They launched the model in Barcelona at the industry’s first virtual reality unveil
June 20, 2016