Most Popular
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1 in 3 Koreans live alone, family types becoming diverse
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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US 'incredibly concerned' about suspected NK-Iran military ties
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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K-pop singer lost consciousness after being hit by foul ball, cancels show
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Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
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[Kim Seong-kon] Democracy and the future of South Korea
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Why is Apple Pay struggling to get purchase in Korea?
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Yoon's office denies considering liberal figures for key posts
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Seoul says Fu Bao loan 'not going to happen'
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FITT released Beta Test Gym at SPOEX 2016
FITT (CEO: Andrew Hong), a startup that develops solutions for fitness tests, participated in SPOEX (Seoul International Sports & Leisure Industry Show) 2016 from February 25 to 28 at the COEX in Seoul. The startup is a software development company that creates software that measures and analyzes the user’s health indices based on statistical fitness tests and offers fitness solutions tailored to the user’s needs. The software developed by FITT utilizes ICT and data technology, including GPS. F
March 2, 2016
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[Photo News] KT's new mobile plan
KT’S NEW MOBILE PLAN -- Mobile carrier KT on Wednesday rolled out a mobile plan for those aged 24 and under, who consume a large amount of mobile data for multimedia services. The mobile plan, dubbed Y24, offers subscribers 2GB of bonus data for three hours every day and a 50 percent discount for music and video streaming services. The monthly fees range from 29,900 won ($24) to 59,900 won depending on data allowance. (KT)
March 2, 2016
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[Photo News] LG OLED TV recognized for excellence
CLEAR WINNER -- LG Electronics said Tuesday its high-end organic light-emitting diode TV has been recognized for excellent picture quality by Verband Deutscher Elektrotechniker, or VDE, one of the largest technical and scientific associations in Europe. LG said its OLED TV boasts the industry’s highest level of contrast and color expression thanks to its high dynamic range technology. (LGE)
March 1, 2016
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[Photo News] KT to develop smart farm solution
SMART FARMING -- Yoon Kyung-lim (left), the head of network operator KT’s future convergence office, and GNBio CEO Kim Young-chan pose after signing an agreement to collaborate on a project to develop IT solutions for mushroom farming in Seoul on Tuesday. (KT)
March 1, 2016
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Samsung's TV reign faces challenges
South Korean tech giant Samsung Electronics has added a new chapter to the history of the global TV market as it topped the segment last year for the 10th consecutive year. According to global market research firm IHS, Samsung was the world’s largest TV seller in 2015 on the back of the strong performance of its high-end models, taking 27.5 percent of the global TV market in terms of sales and 21 percent in shipments.The Korean TV maker has held the top spot for the past decade since 2006, when
March 1, 2016
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Samsung tops global TV market for 10th year
Samsung Electronics Co. dominated the global TV market for the 10th consecutive year in 2015, data showed Tuesday, on the back of the strong performance of its high-end models.Samsung took up 27.5 percent of the global TV market in terms of sales and 21 percent in shipments last year, the data compiled by industry tracker IHS showed, continuing its robust performance since 2006.In 2006, Samsung Electronics took up 14.2 percent of global TV sales, indicating that the company's profitability in th
March 1, 2016
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Korea, U.S. agree on space program partnership
Korea and the U.S. have reached an agreement for a bilateral cooperation on their space programs, the Seoul government said Monday.The Ministry of Science, ICT and Future Planning said the agreement carries the legal and institutional basis for the two countries cooperating on the use of space technology. This ranges from the exploration of outer space to the observation of earth and general scientific research. This Aug. 20, 2015 photo made available by NASA shows Hurricane Danny as the Interna
Feb. 29, 2016
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[Photo News] LG eyes global commercial washer market
DRUMMING UP COMMERCIAL WASHER BUSINESS -- Tech giant LG Electronics has recently invited partners from 12 global markets, including China and France, to Korea to showcase its latest commercial washing machine lineup. The electronics firm aims to double the global sales of the commercial washer business this year over last year. (LGE)
Feb. 29, 2016
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[Photo News] SK hynix sponsors male handball team
DEBUT OF SK-SPONSORED HANDBALL TEAM -- SK hynix holds an event to celebrate the launch of the SK Hawks, SK hynix’s sponsored male handball team, on Monday in North Chungcheong Province. (From third from left, first row) Coach Hwangbo Sung-il, SK Group chairman Chey Tae-won, SK hynix chief executive Park Sung-wook and head coach Oh Se-il participate in the event. (SK hynix)
Feb. 29, 2016
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[Photo News] Twitter commemorates March 1 Movement
TWITTER COMMEMORATES MARCH 1 MOVEMENT-- In order to commemorate the "March 1 Independence Movement" in 1919, Twitter Korea runs the #Remember1919 hashtag campaign featuring an emoticon based on a caricature of female independence activist Ryu Gwan-soon. (Twitter Korea)
Feb. 29, 2016
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Kakao seeks larger offline presence
Kakao, the nation’s largest mobile messenger operator, has been showing an endless appetite for new revenue sources by acquiring start-ups in recent months.Many of the investments were focused on the online-to-offline, or O2O, sector, which proves that Kakao has its eyes set on both the online and offline world. A KakaoTalk messenger user initiates the mobile messenger. (Yonhap)On Monday, the mobile messenger firm announced it had taken over another fledgling start-up, called Parking Square, wh
Feb. 29, 2016
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Korea to inject W200b into moon exploration for 3 years
South Korea will spend a total of 746.4 billion won ($603 million) on its space program this year, as part of efforts to realize its long-cherished goal of reaching the moon. The Ministry of Science, ICT and Future Planning said Sunday that it has also agreed with relevant ministries to allocate 200 billion won for the next three years to launch its first lunar exploration.An artistic rendering of a landing vessel and a lunar-rover planned to be sent to the moon by 2020. (Korea Aerospace Researc
Feb. 28, 2016
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Samsung rumored to sell off security arm
As part of Samsung Group’s efforts to streamline its complex business structure, the conglomerate is seeking to sell its security arm S-1 Corporation to Japanese security firm SECOM, according to industry insiders.“Samsung is currently realigning its businesses to improve management efficiency and is looking to sell S-1 Corporation to SECOM,” said a Samsung official who declined to be named. Samsung group vice chairman Lee Jae-yong. (Samsung Group)The Japanese security company is the largest sha
Feb. 28, 2016
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Samsung, LG sweep iF design awards
Korean tech giants Samsung Electronics and LG Electronics have been recognized for their excellence in design at this year’s iF Design Award, an annual design competition organized by the International Forum Design Awards. Samsung and LG picked up a total of 38 and 28 awards, respectively, for their superior design in a range of areas, including product and packaging. Global buyers and dealers look at LG Eelectronics‘ Signature washing machine, which features front-loading on top and a top-load
Feb. 28, 2016
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Samsung wins U.S. appeal in Apple patent case
A U.S. appeals court on Friday handed Samsung a win over Apple in a long-running patent fight, overriding a jury verdict ordering it to pay $119.6 million to the iPhone maker.The court ruled that two Apple patents at issue were not valid, according to a copy of the decision posted online.Samsung Electronics' booth at the Mobile World Congress in Barcelona, Spain (Yonhap)“We are delighted with the resounding victory from the US Court of Appeals for the Federal Circuit, which found that two of App
Feb. 27, 2016
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Cheil Worldwide hires Goldman Sachs for stake sale to Publicis
Cheil Worldwide, the advertising unit of Samsung Group, has recently hired Goldman Sachs as lead financial advisor for its planned stake sale to French ad giant Publicis Groupe, industry sources said Friday. Cheil has not yet officially confirmed the talks. But the company said last week in a regulatory filing: “We are discussing partnerships with global ad companies but nothing has been decided.”Sources said Publicis is considering acquiring a controlling stake, or 28.28 percent shares owned by
Feb. 26, 2016
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CJ HelloVision shareholders approve merger with SK Broadband
Shareholders of CJ HelloVision, the nation’s No. 1 cable TV operator, on Friday approved the company’s planned merger with SK Broadband, the IPTV unit of SK Telecom. More than 97 percent of the participating investors voted in favor of the 1 trillion won ($823 million) deal despite heightened resistance from minority shareholders, rival companies and advocacy groups. CJ HelloVision CEO Kim Jin-seok responds to reporters after a shareholders meeting in Seoul on Friday. Yonhap“The two companies wi
Feb. 26, 2016
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Olympus Korea breaks ground for medical training center
Olympus, the Japanese maker of medical and surgical solutions, Thursday held a groundbreaking ceremony of its new medical training center in Songdo, Incheon. The Olympus Korea Training and Education Center aims to offer diverse training programs for health professionals on the safe and effective use of the company’s medical and surgical products, including its market No. 1 endoscopy equipment. With a budget of 36.3 billion won ($29.3 million), the new center, the sixth of its kind globally and
Feb. 25, 2016
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Samsung to mass produce 256GB mobile chips
Samsung Electronics said Thursday it will start mass production of the industry’s first 256-gigabyte Universal Flash Storage from next month for smartphones, with twice the processing speed compared to conventional chips used in PCs. The Korean tech giant, which is also the world’s biggest memory chipmaker, said the new chip will go into high-end mobile devices but didn’t name possible products and clients. According to the company, the chip has a reading speed of 850 megabytes per second and w
Feb. 25, 2016
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CJ HelloVision downplays ISS report on merger plan
SK Telecom faces another hurdle in its plan to merge the nation’s No. 1 cable TV operator CJ HelloVision with its own IPTV unit as a global corporate advisory firm has opposed the deal that is crucial for it to gain leadership in the paid TV market. The Institutional Shareholder Services claimed Thursday the changes in corporate articles of the merged entity will pose “significant dilution risk” to shareholders of CJ Hellovision.A screenshot image of a report on SK Telecom’s merger, which was re
Feb. 25, 2016