Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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Minority shareholders file suit against CJ HelloVision on delayed merger
Minority shareholders of CJ HelloVision, the nation’s largest cable TV operator, on Monday filed a lawsuit, demanding the company adjust the merger-swap ratio for its planned merger with SK Broadband, the IPTV unit of SK Telecom. A total of 17 shareholders, holding a combined 33,111 shares, sued the company and CEO Kim Jin-seok on Monday. CJ HelloVision CEO Kim Jin-seok (Yonhap)The lawsuit came after the merger plan, including the swap ratio of 0.476123 CJ share for each SK share, was approved b
May 23, 2016
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Endangered stork breeding attempt succeeds in central Korea
A released stork has hatched two chicks in the wild in the country's central region, marking the species' first natural breeding in the country, the Yesan municipal government said Monday, quoting a research center tasked with restoring the endangered bird.The Oriental White Stork Park in Yesan, a town in South Korea's central province of South Chungcheong, said its researchers confirmed the chicks in a nest of a female stork named Minhwang and a male stork named Manhwang on Sunday. The two are
May 23, 2016
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Government to try fast-track approval for 3D-printed medical instruments
The Ministry of Food and Drug Safety is looking at the possibility of allowing limited use of medical instruments made through 3D printers before final government approval, hoping to change relevant regulations by November, officials said Monday.The attempt falls in line with the results from an inter-ministerial deregulation meeting last week where 3D-printed medical instruments were specified as a subject of eased restrictions.The ministry mentioned through public symposiums that it is conside
May 23, 2016
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[Photo News] LG OLED TV at Picasso exhibition
May 22, 2016
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Samsung to shake up employee titles
Samsung Electronics plans to announce a new structure of employee titles next month that aims to promote talented workers based on performance regardless of age or years of experience. According to industry sources Sunday, a task force team within the human resource management division has worked on the revision since the company’s announcement of a new corporate vision “Start-up Samsung” in March. Samsung has maintained a typical structure of five employee ranks that is common at other Korean
May 22, 2016
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Samsung widens gap with Apple in market share
Samsung Electronics further widened the gap with runner-up Apple in terms of smartphone sales in the first quarter.According to research firm Gartner, Samsung’s smartphone sales were slightly up at 81.2 million units in the first three months of the year, making it the world’s largest smartphone-maker and earning it 23.2 percent market share. Its archrival Apple sold 51.6 million smartphones, which compared to 60.2 million iPhones sold in the same period a year ago. Its market share was down fro
May 22, 2016
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[EYE] ‘Social diversity key to facing AI world’
As apprehension spreads among ordinary mortals over the rise of artificial intelligence to replace humans, social diversity would be the key for people to brace for the next AI generation, Korea’s renowned neuroscientist said.“Current rote-learning method that unilaterally crams knowledge into people’s brains is nothing but an attempt to train the ability that can be replaced by AI. People should come to think of the opposite question: ‘How can we have different experiences and viewpoints?’ Beca
May 20, 2016
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ICT Ministry to transform Jeju into animation hub of Asia
SEOGWIPO, Jejudo Island -- Although Korean animations boast impressive quality, matching those of the U.S. and Japan, the nation lacks large-scale animation studios that have expertise in both production and distribution for the global market.In order to make up for the shortage and vitalize the domestic animation industry, the Ministry of Science, IT and Future Planning and the Jejudo Island government launched the Asia CGI Animation Center, or ACA, an incubation center for animators, in Seogwi
May 20, 2016
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[Graphic News] Profits of Samsung, SK hynix fall on weak chip demand
Korean chipmakers, hit hard by falling prices and stiffer competition, are struggling to restore profits from their dynamic random access memory chip sales. According to the data compiled by industry tracker DRAMeXchange, Samsung Electronics, the nation’s largest chipmaker, logged $3.97 billion in its first quarter sales, down 16.6 percent from the previous quarter. Sales of SK hynix also fell 19.2 percent to $2.32 billion during the same period. Samsung’s market share remained flat at 46.6 perc
May 19, 2016
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Samsung Pay, Alipay join hands in China
Samsung Electronics confirmed Thursday it has teamed up with China’s e-commerce giant Alibaba to further tap into the soaring Chinese mobile payments market. Under the strategic partnership that is expected to be announced Friday, Samsung Pay, the Korean tech giant’s mobile payments system, will include Alibaba’s Alipay within its platform as one of its payment methods. After fingerprint verification, Samsung Pay users are required to choose a payment method among credit cards and membership poi
May 19, 2016
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Intellectual property account deficit narrows to 4-year low in 2015
Korea's deficit in the intellectual properties account shrank to a four-year low in 2015 as exports grew at a faster clip than imports, central bank data showed Thursday.The deficit in the intellectual properties account came to $4 billion last year, down from a $4.53 billion deficit in the previous month, according to preliminary data from the Bank of Korea (BOK). Bank of Korea (Yonhap)The 2015 tally marks the lowest level since a $3.38 billion deficit posted in 2011. It also marked a third con
May 19, 2016
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[Photo News] LG Hope Village in Ethiopia
Farmers harvest garlic in an Ethiopian town Tuesday. LG Electronics has designated some towns in the African country as its “LG Hope Village” since 2012 to teach farming techniques to local people and support their livelihoods. (LG Electronics)
May 19, 2016
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S. Korea, U.S. seek to enhance cybersecurity cooperation
South Korean and U.S. officials gathered here Thursday to discuss cooperation in the cybersecurity sector as both countries are experiencing an increase in online trade.The seminar brought together about 100 government, business and academic participants from the two sides to discuss trends in cybersecurity in critical infrastructure sectors, such as finance and energy telecom.Under the New Frontier slogan, cybersecurity has emerged as a key area of cooperation between the allies, along with spa
May 19, 2016
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Samsung, SK hynix suffer setbacks in Q1 chip sales
Korean chipmakers saw their sales of dynamic random access memory (DRAM) chips drop in the first quarter of the year due mainly to falling prices and increased competition.According to the data compiled by industry tracker DRAMeXchange, Samsung Electronics, Korea's top chipmaker, logged sales of $3.97 billion in the January-March period, down 16.6 percent from $4.76 billion the previous quarter.SK hynix posted sales of $2.32 billion in the first quarter, also down 19.2 percent from $2.86 billion
May 19, 2016
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Samsung’s leukemia victim urges Banolim to end fight for its own survival
A former Samsung Electronics worker who contracted leukemia after working at the company’s chip plant, urged Banolim, an advocacy group that has led related compensations talks, to stop its politically-intended fight and take more care of cancer-stricken victims and their families. “About 150 people have applied to get compensations and some 110 of them have been compensated. We think the compensation process is nearing its end,” Kim Eun-kyung said Wednesday in her message posted on a Samsung we
May 18, 2016
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[Photo News] KT GiGA IoT Smart Center
KT on Wednesday opened its GiGA IoT Smart Center, a control tower that monitors the telecom carrier’s Internet of Things services, at a regional office in Gwacheon, Gyeonggi Province. (KT)
May 18, 2016
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Samsung Pay sees surge in transaction volume
Tech giant Samsung Electronics said Wednesday that its mobile payment system Samsung Pay has surpassed the 1 trillion-won ($847 million) mark in transaction volume in South Korea. First launched in the nation in August last year, the mobile payment system which is available on Samsung’s high-end smartphones, including the Galaxy S7 and S7 Edge, has seen constant growth in its number of subscribers due to robust sales of the smartphones. Models pose with Samsung Electronics’ Galaxy S7 smartphones
May 18, 2016
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SK C&C sets up AI business division
SK Holdings C&C, the information technology solutions unit of SK Group, said Wednesday it has revamped its organization to renew commitment to its new growth engine businesses such as artificial intelligence and cloud services. The company said it has set up two new business divisions “Cloud Z” and “Aibril” that were named after its new brands for cloud and AI businesses, respectively. (Yonhap)The company also launched a new “Digital Marketing Division” that supports its clients in better using
May 18, 2016
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[Photo News] Samsung mirror display
Samsung Electronics’ 55-inch mirror displays are installed Wednesday at a hair shop in Seoul. The high-tech display offers customized consultations for hair styling as well as improved viewing angles. Samsung plans to launch related display products from the third quarter this year. (Samsung Electronics)
May 18, 2016
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Korean start-up aims to dominate space for smartphone lock screens
An old habit sometimes becomes an inspiration for inventors or entrepreneurs to make achievements. For John Lee, the chief executive of reward-based mobile advertising platform operator Buzzvil, note-taking is a habit that has long served as a driving force behind his successful entrepreneurship which started early in his life.The CEO, a voluminous note-taker since he was grade school student, keeps more than 3,000 pieces of paper, on which he scribbled down his ideas and thoughts, at his home.J
May 18, 2016