Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Will tug-of-war between doctors, government end soon?
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Yoon's approval rating plunges to all-time low
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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‘Journey matters more than destination’
By Kim Young-wonGoogle chief executive Sundar Pichai urged Korean engineering students, would-be entrepreneurs and start-ups to shoot for the moon to achieve innovation.“Outcomes do not matter as much as people think,” the CEO said in a meeting held at Google’s start-up incubation center Campus Seoul in Gangnam, Seoul, on Tuesday. “If you look at stories and failures in Silicon Valley, it is important to understand that a journey matters much more than the outcome,” he added. It was his first vi
Dec. 15, 2015
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[Photo News] SKT joins hands with Dongbu Daewoo Electronics for smart home tech
COLLABORATION FOR SMART HOME -- Cho Young-hoon (left), head of SK Telecom‘s smart home TF, and Kim Hyeog-pyo, vice president of Dongbu Daewoo Electronics, pose at the signing ceremony of a memorandum of understanding in Seoul on Tuesday. The mobile carrier and the electronics maker will work together to launch home appliances which can be remotely controlled by SKT’s smartphone apps. (SKT)
Dec. 15, 2015
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Korea to make hydrogen cell cars more affordable, fuel demand
South Korea will fuel demand for hydrogen cell cars by making them more affordable and building up necessary infrastructure, the government said Tuesday. The plan aims to bring down prices of fuel cell electric vehicle from around 85 million won ($71,900) as of early this year to around 30 million won in 2018, that will give it price competitiveness vis-a-vis conventional vehicles, the Ministry of Trade, Industry and Energy said. This it said can help Asia's fourth largest economy reduce the a
Dec. 15, 2015
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[Photo News] Samsung smartwatch hits shelves
cap-SKT Samsung GearSAMSUNG SMARTWATCH HITS SHELVES -- Korea’s No. 1 mobile carrier SK Telecom said Monday it has exclusively launched Samsung Electronics’ Gear S2 Band Classic, a standalone smartwatch that enables users to send text messages and make calls without being paired to a handset. (SKT)
Dec. 14, 2015
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[Photo News] LG oven range recognized for innovation
LG OVEN RANGE RECOGNIZED FOR INNOVATION --LG Electronics said Monday its premium oven range, dubbed the LG Studio, had been picked as the 2015 Product of the Year in the kitchen and bath category by leading U.S. monthly magazine Architectural Record. (LGE)
Dec. 14, 2015
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Instagram posts fastest growth in Korea
The number of subscribers for Facebook-owned social-networking service Instagram in Korea grew at the fastest pace in the world this year, according to Facebook Korea on Monday. Benjamin Joe, the country manager of Facebook Korea, announced this during a press meeting at the firm’s head office in Seoul. Although he refused to reveal the exact number of users here, he said the entire number of users worldwide crossed 400 million and is on the rise. Facebook Korea country manager Benjamin Joe s
Dec. 14, 2015
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Telecom carriers to see drop in revenue
South Korea’s big three telecom carriers ― SK Telecom, KT and LG Uplus ― are expected to see an unprecedented drop in their combined revenue this year amid rapid market saturation. According to market analyst FnGuide, their combined revenue is set to fall to 49.6 trillion won ($42 billion) this year, about 4 percent down from last year’s 51.5 trillion won. KT would see the largest drop to 21.8 trillion won from 23.4 trillion won, while SK Telecom expects a fall to 17.1 trillion won from 17.8 tr
Dec. 13, 2015
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[Photo News] LG runs campaign for environment with UNESCO
LG’S UNESCO CAMPAIGN -- Participants of the 2015 United Nations Climate Change Conference COP21 watch LG Electronics’ organic light-emitting display TV featuring royal penguins on Macquarie Island, Australia. The South Korean tech giant ran a campaign with UNESCO to raise awareness of natural assets and endangered species at the conference held from Nov. 30 to Friday.(LGE)
Dec. 12, 2015
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Samsung’s top execs to meet next week
Samsung Electronics said Friday it will hold a global strategy conference with its top executives from regional branches overseas and business unit heads in Korea next week under the theme of “businesses in a low-growth era.” The company’s vice chairman Lee Jae-yong and three chief executives ― Kwon Oh-hyun, Yoon Boo-keun and Shin Jong-kyun ― will join the conference, which is regularly held twice a year.Attention is being paid to whether the top Samsung executives in the conference would discus
Dec. 12, 2015
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Top LG executive acquitted of vandalizing Samsung washers
The Seoul Central District Court on Friday acquitted LG Electronics’ home appliance and air solutions CEO Jo Seong-jin and his two aides on charges of wrecking washers of rival company Samsung Electronics, citing a lack of evidence.Samsung filed lawsuits earlier this year against Jo and a top executive for damaging its washing machines at the SATURN Berlin Europa-Center and SATURN Berlin Steglitz in Germany during the IFA trade show in September last year. Another public relations executive was
Dec. 12, 2015
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Mobile transactions brisk at online malls
Online payments using mobile devices have continued to rise in South Korea this year thanks to the widespread use of smartphones and easier transaction options tailored for tech-savvy consumers, industry data showed Friday.11th Street and GMarket, the nation's two leading open market operators, received about half of their online payments via mobile last month, the companies said, without elaborating on the total amount.The average mobile transaction ratio for 11th Street added 13 percentage poi
Dec. 11, 2015
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LG CNS CEO stresses pragmatic management
LG CNS president and CEO Kim Young-sub stressed pragmatic approach at work for better communication and efficiency in his inauguration message to employees Thursday. Kim, former senior vice president at LG Uplus, took office as new CEO of LG CNS, the IT solutions unit, last month. Prior to working at LG Uplus, he had served diverse positions at LG CNS, including chief financial officer, for 11 years. “It is great to come back,” he said. “I also feel heavy responsibility about my new task.” He as
Dec. 10, 2015
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[Photo News] SKT opens lab for virtual reality
SKT OPENS LAB FOR VR -- SK Telecom launched a research and development center Thursday for virtual reality technology called the OpenNFV Lab together with network equipment firm Hewlett Packard Enterprise in Bundang, Gyeonggi Province. In the photo, Park Jin-hyo (fifth from left), head of SKT’s network technology research and development center, poses with officials from both firms at the opening ceremony of the lab.(SKT)
Dec. 10, 2015
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[Photo News] Samsung UHD TV sweeps award
SAMSUNG UHD TV SWEEPS AWARD -- Samsung Electronics’ ultrahigh-definition TV lineup, the JS9500, has received the Best of What’s New award, the tech giant said Thursday. U.S. science magazine Popular Science picks the greatest innovations every year in different industrial categories including aerospace, auto and entertainment for the accolade. (Samsung Electronics) SAMSUNG UHD TV SWEEPS AWARD -- Samsung Electronics’ ultrahigh-definition TV lineup, the JS9500, has received the Best of What’s New
Dec. 10, 2015
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SKT continues drive for smart city project in Busan
Busan’s posh seaside district of Haeundae is getting a hi-tech makeover, with smart streetlamps, GPS trackers for kids, smart parking solutions and traffic lights, and smart energy controllers for buildings and shops. The transformation is being led by Korea’s mobile network operator SK Telecom, which is set to showcase its smart-city technologies and services already up and running in the southern port city on Friday. Busan city government staffers work at a smart search center for missing chi
Dec. 10, 2015
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Korea's ICT exports fall for second month in Nov.
South Korea's exports of information communication technology products contracted for the second month in a row in November due to weak global demand, government data showed Thursday.Outbound shipments of ICT products hit $14.34 billion last month, down a sharp 7 percent from the $15.42 billion tallied the year before, according to data compiled by the Ministry of Trade, Industry and Energy. Last month's number is also down 10.5 percent from the $16.03 billion reached in October, when outbound s
Dec. 10, 2015
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Apple Korea under antitrust investigation
South Korea’s Fair Trade Commission said Wednesday it is investigating whether Apple Korea, the local unit of the Cupertino, California-based iPhone maker, had wielded undue influence over the repair policy of local service centers. Apple`s logo. (Yonhap)The latest probe came after six service firms ― all authorized by Apple ― recently revised their unfair repair policy following the recommendation of the antitrust watchdog. “We have found unfair business contracts between Apple Korea and its a
Dec. 9, 2015
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Samsung makes big automotive push
Samsung Electronics on Wednesday announced it will set up a new team specializing in automotive parts to speed up its expansion into the lucrative market in an era of electric mobility. The plans were announced as part of the Korean tech giant’s annual business reshuffle that aims, among other things, to secure new growth engine businesses while restoring profitability in existing device sales. Park Jong-hwan, senior vice president and head of chip card and microcontrollers team, will lead the n
Dec. 9, 2015
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NCSoft to spend W60b on dividends
Online game developer NCSoft plans to spend a whopping 60 billion won ($51 million) for dividend payouts to shareholders.The company said in its regulatory filing Wednesday that it would pay its shareholders a cash dividend of 2,747 won per share, which amounts to 60 billion won. Around 219 million shares are eligible for dividend payment. Kim Taek-jin, CEO of NCSoft, speaks on the firm`s plan for mobile games next year in Seoul on Wednesday. (Yonhap)The firm’s dividend payout this year is 12 pe
Dec. 9, 2015
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Korea faces wave of Chinese tech titans
In the global tech scene, Chinese upstarts armed with price competitiveness and aggressive marketing are a growing force, often posing a challenge to the traditional, bigger and more technologically advanced players. And in their push to go global, these companies are not shying away from Korea, the home turf of Samsung and LG. Xiaomi, the Chinese smartphone-maker often mocked as a copycat of U.S.-based Apple, has recently joined hands with Qualcomm to share patented mobile network technologies,
Dec. 9, 2015