Articles by Shim Woo-hyun
Shim Woo-hyun
ws@heraldcorp.com-
South Korea’s ICT exports down 15% in April
South Korea’s outbound shipments of information and communications technology products in April reached $12.88 billion, down 15 percent on-year, according to latest government data Thursday. The Ministry of Science and ICT noted that the import value of ICT products in April was $8.87 billion, resulting in a trade surplus of $4 billion. The daily average exports in the same month came down by 7.6 percent on-year at $0.59 billion, compared to $0.63 billion in April last year. Exports o
Technology May 14, 2020
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Han Sung Motor donates W40m to help local flower market
Han Sung Motor, the official dealer of Mercedes-Benz in South Korea, said on Wednesday that it has recently completed a campaign aimed at supporting the struggling local flower industry, amid the economic fallout from the coronavirus pandemic. Last month, the company purchased flowers from nearby shops located in Seoul in an attempt to help troubled small businesses hit by the viral outbreak. It gave the flowers away to visitors at their branches. The company also promoted a two-week campaig
Industry May 13, 2020
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Korea’s environment-monitoring satellite sends first images
The Ministry of Science and ICT on Monday revealed photographs and videos sent from the nation’s environment-monitoring satellite Chollian 2B. Chollian 2B is South Korea’s geostationary satellite. Launched on Feb. 19, it reached its designated orbit in March and currently sits in an orbital band above the Korean Peninsula. The latest images and videos sent from the satellite showed land and water in the Northeast Asian region, taken during camera tests between April 21 and 22. &
Technology May 11, 2020
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No plan yet for fifth runway at Incheon Airport: ministry
Following news report that Incheon International Airport Corp. plans to initiate building a fifth runway and third terminal, the Transport Ministry said Sunday the plan was yet to be decided. It was reported that the airport would need an additional runway to meet the increasing number of passengers anticipated in the future, though the airport is currently suffering from the fallout from the coronavirus pandemic. The Ministry of Land, Infrastructure and Transport, however, said that the plan
Industry May 10, 2020
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Korea needs to boost support for edutech industry: report
The Korea International Trade Association on Sunday released a report on the growing international education technology market, encouraging the government to help local firms enter overseas markets. The education technology market is an area that offers new educational products and systems -- such as virtual classroom solutions -- by utilizing cutting-edge internet of things technologies to enhance the classroom experience. The international smart education market is expected to grow from $
Technology May 10, 2020
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Oracle to open new cloud infrastructure in South Korea
Oracle Korea on Thursday announced its second cloud infrastructure will launch by the end of May in Chuncheon, Gangwon Province. With access to two cloud infrastructures here, the company will be able to better handle demanding workloads from customers. The company said its dual-region strategy would enhance disaster recovery capabilities. It considers South Korea as a market with great potential, explained Oracle Korea CEO Tom Song during a press conference held on Thursday at its headquart
Technology May 7, 2020
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Kakao struts through Q1 with record sales, margin
Korean internet giant Kakao posted record high sales and operating profit for the first quarter this year, despite the novel coronavirus pandemic fallout that has affected most industries. According to Kakao’s announcement on Thursday, Kakao‘s sales in the first quarter increased by 22.9 percent on-year to reach 868.4 billion won ($708.4 million). The company‘s operating profit during the same period marked 88.2 billion won, up by 218.9 percent. Kakao‘s record-br
Technology May 7, 2020
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K-Safety Expo 2020 to highlight K-quarantine prevention
K-Safety Expo 2020 opens this fall and will focus on local businesses’ efforts to prevent COVID-19, often dubbed K-quarantine. The three-day exhibition, which runs Sept. 23-25 at the Korea International Exhibition Center in Goyang, Gyeonggi Province, is co-organized by the Ministry of the Interior and Safety, the Ministry of Trade, Industry and Energy and the Gyeonggi provincial government. This year’s expo will feature a wide range of programs and exhibitions emphasizing the late
Technology May 7, 2020
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Hyundai to begin construction of new HQ in May
Hyundai Motor Group is set to start constructing its 105-story Global Business Center in Seoul’s Gangnam-gu later this month -- six years after it purchased the site for a new headquarters. According to the Seoul Metropolitan Government and Hyundai Motor Group, the South Korean automotive group recently handed in documents asking permission to break ground. The government is expected to grant permission as early as Thursday. The construction project was expected since the group bought t
Industry May 5, 2020
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South Korean telecom firms expand AI-based senior care services
South Korean telecom firms have expanded their ICT-based senior care services recently, against the backdrop of increasing demand from an aging population. The services mainly use artificial intelligence-powered speakers, as well as the new 5G network and virtual reality programs. As of end-2018, there were 7.6 million people aged 65 years and over in Korea, according to the National Health Insurance Service in 2019. “There is an increasing number of seniors who need home care services
Technology May 4, 2020
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SK Telecom, Deutsche Telekom strengthen ties amid COVID-19
South Korea’s SK Telecom and Germany’s Deutsche Telekom agreed to launch a joint venture later this year to develop non face-to-face platform technologies, for which the demand has been soaring amid the COVID-19 pandemic. SKT said Sunday that the two firms have agreed to expand their cooperation on 5G technology and know-how in adapting to changes brought by the new coronavirus. Around 20 executive members of the two companies gathered for a video conference on Wednesday and discu
Technology May 3, 2020
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Samsung remains on top in struggling smartphone market
Samsung Electronics has stayed on top in the global smartphone industry during the first quarter this year, according to a recent report. According to the latest report from Strategy Analytics, Samsung Electronics‘ market share during the first three months reached 21 percent, with shipments of 58.3 million smartphone units. The South Korean company’s shipments in the first quarter fell 19 percent on-year when compared with 71.8 million units in the first quarter of 2019. That wa
Industry May 3, 2020
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LG Electronics files suit against home appliance firm Beko
LG Electronics said Wednesday it has filed a lawsuit against Turkish home appliance maker Beko over allegedly infringing on an LG Electronics patent related to its laundry machine. The complaints were filed Monday with the Mannheim District Court in Germany, claiming that the subsidiary of Turkey’s largest consumer electronics company Arcelik has infringed on the patent related to its TrueSteam technology. According to LG Electronics, the Turkish home appliance firm has made unauthoriz
Industry April 29, 2020
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SK Broadband ups support for online classes amid pandemic
Korean internet network operator SK Broadband has been continuing support for online classes upon sudden demand during the novel coronavirus pandemic, the firm said Tuesday. SK Broadband is currently the content delivery network provider for Educational Broadcasting System, a public broadcasting organization that provides online classes. SK Broadband previously increased the network capacity for EBS from 300 megabits per second to 1 terabit per second. Recently, the company added 2 Tbps to th
Technology April 28, 2020
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Korean telecom firms’ operating profits to drop in Q1: report
Korean telecom firms are expected to see decreases in their operating profits in the first quarter this year, according to a market report on Tuesday. The report by FnGuide said that the operating profits of the three major telecom companies are likely to decline due to the sluggish economy amid the COVID-19 outbreak, though they avoided major damage from it. Their sales, however, are expected to increase, backed by a sales increase in media units, as well as revenues from 5G network subscribe
Technology April 28, 2020
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