LG Hausys expands foothold in North American market
IndustryJanuary 21, 2020
LG Hausys is increasing its presence in North America by operating its third engineered stone production line at a plant there. The South Korean construction and interior materials company is also i...
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SK Broadband-T-broad merger gets green lightIndustryJanuary 21, 2020South Korea’s ICT Ministry on Tuesday gave its thumbs up to the merger of SK Broadband and T-broad, the second-largest cable TV operator here. The ministry has also listed conditions aimed at minimi... -
SK Telecom, Microsoft to expand cloud gaming service in KoreaTechnologyJanuary 21, 2020SK Telecom said Tuesday it has reached a deal with Microsoft to expand the service of 5G-based cloud gaming platform Project xCloud here. The two firms hope to increase the number of games available...
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KCC conditionally approves SK Broadband, T-broad mergerIndustryJanuary 20, 2020The Korea Communications Commission on Monday conditionally approved a merger between SK Telecom’s pay TV unit, SK Broadband, and T-broad, the country’s No. 2 cable TV operator. After its meeting on... -
CheongKwanJang collaborates with Spain’s VicensIndustryJanuary 20, 2020Red ginseng health supplement brand CheongKwanJang of Korea Ginseng Corp. said Monday it has collaborated with Spain’s renowned chocolate and nougat brand Vicens. The products, released last month, ... -
Court to check on Samsung’s fulfillment of compliance rules before sentencing LeeIndustryJanuary 17, 2020The Seoul High Court said it will take into account the effectiveness of a new internal compliance committee at Samsung Electronics in its ruling on Samsung heir Lee Jae-yong’s jail term, during the ... -
Samsung de facto leader Lee Jae-yong attends fourth hearing of retrialIndustryJanuary 17, 2020Samsung Electronics’ de facto leader Lee Jae-yong on Friday appeared at the Seoul High Court with his lawyers to attend the fourth hearing of the retrial on Lee’s bribery scandal involving former Pre... -
ICT Ministry to ramp up R&D support, investmentTechnologyJanuary 16, 2020The Ministry of Science and ICT said fostering the industries of data, network and artificial intelligence will be a priority this year in its annual policy briefing to President Moon Jae-in on Thurs... -
Netflix in Korea ordered to change unfair terms of useIndustryJanuary 15, 2020South Korea’s antitrust regulator said Wednesday that Netflix would make changes in their terms of use that are deemed unfair, including changing subscription plans and prices without consent, in acc... -
NHN invests W5b in local ride-hailing platform Macaron TaxiIndustryJanuary 15, 2020Ride-hailing platform Macaron Taxi’s operator KST Mobility said Wednesday it has received additional 5 billion won ($4.3 million) investment from NHN, capping the initial 18-billion-won investment re... -
BTS to hold joint exhibitions with internationally acclaimed artistsArts&DesignJanuary 14, 2020The world’s biggest boy band from South Korea has teamed up with internationally acclaimed artists and curators to hold joint exhibitions around the globe. Titled “Connect, BTS,” the band’s latest p... -
Samsung Electronics to acquire US network service providerIndustryJanuary 14, 2020Samsung announced Tuesday that it will acquire TeleWorld Solutions, a Virginia-based network service provider. TWS specializes in providing network designs, installations, testing and optimized solu... -
KT, Samsung take first step in smart hospital evolution with 5GTechnologyJanuary 14, 2020KT and the Samsung Medical Center announced on Tuesday that they have started an official test-run of 5G-powered medical solutions designed to enhance health care. During a press conference held Mon... -
SKT forges 5G alliance in Asia-Pacific regionTechnologyJanuary 14, 2020SK Telecom said Monday it has initiated a group of multinational mobile carriers to cooperate on the development of a pan-national 5G network environment in the Asia-Pacific region. The six entities... -
Samsung’s market cap rises to world’s 18thIndustryJanuary 12, 2020Blue chip Samsung Electronics, listed on South Korea’s main bourse Kospi, hit a record high last week pulling its market cap to the top 20 global list. The tech giant is expected to extend its winni...
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