Articles by Shim Woo-hyun
Shim Woo-hyun
ws@heraldcorp.com-
National Tax Service terminates Cyworld, ICT Ministry to investigate
The National Tax Service terminated the business registration of homegrown social networking service Cyworld on May 26, according to industry sources on Thursday. Meanwhile, the ICT Ministry said that Cyworld has not made a report to the NTS of a business termination and that it had expressed willingness to continue the business to the ministry. According to the Telecommunications Business Act, such an internet business is required to report to the ICT Ministry at least 30 days before perman
Technology June 4, 2020
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S. Korea to resume WTO complaint over Japan’s trade curbs
The South Korean government on Tuesday announced that it would resume a complaint filed with the World Trade Organization over Japan’s trade curbs placed on exports to South Korea last year, deeming the bilateral dialouge to resolve the issue is not seeing progress. “The Japanese government is not showing willingness to resolve the current issue and the discussion has not seen progress. The government deemed that it was difficult to say normal dialogue was taking place, which was
Industry June 2, 2020
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S. Korea’s exports fail to recover in May
South Korea’s exports continued to fall in May, marking a double-digit percentage decline for the second consecutive month, according to a government report on Monday. The extended decline was largely due to the global economic fallout from the coronavirus pandemic, the ministry explained. Shipments of semiconductor products, however, bounced back, which alleviated the extended decline, it added. The nation’s outbound shipments in May dropped by 23.7 percent on-year to $34.8 bill
Economy June 1, 2020
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SKT to develop AI-based post-production platform
SK Telecom said Friday it plans to develop an artificial intelligence-based post-production platform to help local firms to export cultural content products abroad. The South Korean telecommunications firm said it has signed a memorandum of understanding with local post-production firm New ID to collaborate on the project. “The latest partnership deal will meet increased foreign demand for Korea’s cultural productions,” the company said. “The two companies expect the
Technology May 29, 2020
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Naver reshuffles internet cartoon business, seeks global expansion
Naver on Thursday said that it plans to make its US-based unit Webtoon Entertainment the head office for online cartoon businesses. The latest restructuring plan comes amid the South Korean internet giant’s efforts to expand its online cartoon business abroad. As part of the plan, California-based Webtoon Entertainment will purchase all stocks of Line Digital Frontier, the company’s Japanese internet cartoon unit. It will cost the US unit some 232 billion won ($187 million). The t
Technology May 28, 2020
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Hyundai E&C begins sales of new smart apartment complex in Songdo
Hyundai Engineering & Construction said Thursday it is starting sales of units in the third Hillstate Lake Songdo apartment complex in Songdo, Incheon. The new residential complex will comprise of eight 49-story buildings with 1,100 housing units. When the construction is completed, all three Hillstate Lake Songdo apartment complexes in the Songdo area will form a residential cluster of around 5,000 households. The area has easy access to public transport, according to the firm, as Inche
Industry May 28, 2020
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Local telecom firms bid for fifth-largest cable TV operator Hyundai HCN
South Korea’s three major telecommunications firms have submitted nonbinding indicative offers to acquire Hyundai HCN, the nation’s fifth-largest cable TV operator owned by Hyundai Department Store Group, according to industry sources Wednesday. The three local firms -- KT, SK Telecom and LG Uplus -- are expected to compete for acquiring the cable TV operator, which has a 4 percent market share with 1.3 million subscribers. The cable TV unit’s total revenue last year was 292
Technology May 27, 2020
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[Photo News] Virus fighting robot
Technology May 26, 2020
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LG CNS collaborates with US firm on blockchain digital identity
LG CNS said Tuesday it is teaming up with US-based Evernym to develop blockchain-based digital identification solution. Based in Salt Lake City, the US firm specializes in developing decentralized identifier (DID) solutions. DID technology can be used to verify identities of individuals, vehicles and other entities through an online network. DID solutions, which utilize blockchain technology, are also considered more secure than existing identification systems based on centralized registrati
Technology May 26, 2020
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[Tech Read] China looms over Korea (4): Is China winning in 5G?
China’s race to enter mainstream tech is intensifying against not only the US but also its neighbor South Korea. With China aggressively pushing advancements of key technologies, Korea has been forced to take up the gauntlet before it is too late. The Korea Herald’s Tech Team has looked into four key areas to measure the technological gap between Korea and China and to offers forecasts about how the competition would develop. This is the fourth installment. By IT Team (4) 5G: Is
Business May 25, 2020
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Korea Post introduces parcel tape with missing children info
To help search for missing children, the Korea Post said Sunday that some of the parcel tape it provides for mail packages will bear information about missing children and QR codes linked to the National Police Agency. The agency will start with tapes printed with photos and descriptions of 28 children. QR codes printed alongside the information will be useful if anyone wishes to make a report. It also links to a service where one can register fingerprints of their children in case of emergenc
Technology May 24, 2020
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KT introduces warehouse automation service
South Korean telecom firm KT said Sunday it has rolled out a warehouse automation solution that utilizes 5G networks and self-driving vehicles. The company has been running the solution at its warehouse located in Goyang, Gyeonggi Province. It comprises of two types of self-driving warehouse carts, designed to carry large amounts of materials on their own, or to follow staff who maintain the inventory, and also comes with a computerized system that collects real-time data, through which worke
Technology May 24, 2020
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KT CEO meets venture capitalists amid COVID-19
KT CEO Koo Hyun-mo on Wednesday met with representatives of venture capital firms, urging them to look into new opportunities to prepare for the post-coronavirus era, the firm said Thursday. Speaking during a seminar hosted by the telecommunications firm, Koo discussed some new business areas -- online education solutions, telecommuting platforms, telemedicine and others -- where the new coronavirus had strengthened demand. Some 40 executives from up-and-coming venture capital companies were
Technology May 21, 2020
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SK Telecom’s AI-based senior care service saves 23 lives since launch
SK Telecom said Wednesday its artificial intelligence-based senior care service has helped the 119 emergency system to rescue around 23 seniors living alone since its launch last year. The company held an online press conference to promote its service dedicated to strengthen social security net for the elderly. SKT’s senior care service uses its AI speaker Nugu which allows the elderly and those with mobility difficulties to access information with voice commands and contact others wh
Technology May 20, 2020
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Lingering COVID-19 fears deter people from changing telecom providers
With South Korea continuing to see the number of new COVID-19 infections per day back in the double digits after signs that the crisis was winding down, telecommunication services are gaining fewer new subscribers, industry sources said Tuesday. The number of customers who moved from one service provider to another posted 16,082 during the third weekend of May, down by 25 percent from the two previous weekends. The timing coincides with the revelation that nightclubs in the Itaewon area of Se
Technology May 19, 2020
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