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Antitrust watchdog’s bill aimed to regulate online platforms faces hurdlesTechnologyFeb 22, 2021A bill from South Korea’s antitrust regulator aimed to govern dominant e-commerce platforms is still pending in the National Assembly due to a tug of war between two government bodies -- the Fair Tra... -
SK hynix to see 70% surge in Q1 profit: reportTechnologyFeb 19, 2021SK hynix’s operating profit for the first quarter this year is expected to hit 1.36 trillion won ($1.2 billion), up 70.6 percent on-year, Shinhan Investment said Friday. The brokerage also forecast ... -
Kakao Mobility receives $200 million investmentTechnologyFeb 19, 2021Kakao Mobility, South Korea’s largest mobility-as-a-service platform operator, is expected to accelerate its business expansion with a recent investment from Carlyle Group. International investment ... -
Lotte Chemical develops fire-resistant urethane insulationIndustryFeb 18, 2021Lotte Chemical said Thursday that the company has developed urethane-based semi-non-combustible insulation product. The company added that the new fire-resistant insulation product can reduce the am... -
Seoul to build research facilities for robotics and AITechnologyFeb 18, 2021The Seoul Metropolitan Government announced Thursday that it has decided to spend a total of 34.7 billion to build research facilities for robotics and artificial intelligence near Suseo-dong, Gangna... -
KAIST appoints Lee Kwang-hyung as new presidentTechnologyFeb 18, 2021Korea Advanced Institute of Science and Technology has appointed the institution’s provost and executive vice president Lee Kwang-hyung as its new president, it said Thursday. KAIST held a board mee... -
Export sector to get W167t trade finance boostIndustryFeb 17, 2021The South Korean government will roll out massive support programs for exporters this year, aiming to return the country’s export volume to pre-pandemic levels, the Ministry of Trade, Industry and En... -
Naver plans its largest yet bond issueTechnologyFeb 17, 2021Naver plans to raise as much as 700 billion won through bond sales to secure funds required to set up a new data center in South Korea and invest in foreign platform startups. The South Korean inter... -
'Google to reap up to W150b in additional profit a year from app store fees’TechnologyFeb 16, 2021Google’s revenue from app store fees in South Korea could increase by more than 150 billion won a year when the company’s billing policy changes take effect later this year, a local lawmaker said Tue... -
Local research team develops human cochlea-like acoustic sensorTechnologyFeb 15, 2021South Korean researchers have developed an artificial intelligence-based acoustic sensor that resembles the human cochlea, the Korea Advanced Institute of Science and Technology said Monday. The res... -
S-Oil expected to continue recovery this yearIndustryFeb 14, 2021S-Oil, South Korea’s No. 3 refiner, is expected to see an improvement in profits this year, continuing a recovery momentum from the final quarter of 2020, according to the industry sources Sunday. S... -
S. Korea’s top streamers make W671m a yearTechnologyFeb 14, 2021South Korea’s top 1 percent of streamers earned an average of 671 million won in 2019, according to data released Sunday by the National Tax Service. According to a report by Yang Kyung-sook of th... -
Nexon provides all-time high dividends to its parent company in 2020TechnologyFeb 14, 2021Nexon, South Korea’s largest game developer, has paid a record amount of cash in dividends to its parent company NXC after posting all-time high earnings last year, according to the Japanese electron... -
![[News Focus] Record earnings, but Kakao, Naver can’t just celebrate](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2021/02/09/20210209000871_0.jpg)
[News Focus] Record earnings, but Kakao, Naver can’t just celebrateTechnologyFeb 9, 2021South Korea’s two online giants -- Naver and Kakao -- had the best year ever in 2020, benefiting from the rise of e-commerce and the contactless trend. Yet, as the pain of those less fortunate grows... -
Google to comply with ‘Netflix Law’TechnologyFeb 8, 2021The South Korean government has asked US tech giant Google to take preemptive measures to ensure stable services, while demanding the company notify local users in Korean language should there be ser...
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