Most Popular
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Court refuses injunction on medical school expansion
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Is NewJeans headed for a long 'break'?
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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What's next for the government's push in quota hike?
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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KT, Lotte Department Store, Samsung C&T top sectors for NCSI 2017
Customer satisfaction for firms and universities in South Korea improved overall in 2017 compared to the previous year, a recent survey by the Korea Productivity Center showed.KT, Lotte Department Store, Samsung C&T and Chungbuk National University topped the list for their respective industries. The National Customer Satisfaction Index in the fourth quarter of 2017 came to 75.6 points, up 0.9 point from that of the previous year, according to the KPC’s survey on 86,494 respondents with experien
IndustryJan. 9, 2018
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[CES 2018] Sony presents new products, robot, car image sensors
Sony is set to present its lineup of new products for 2018 at the Consumer Electronics Show in Las Vegas, as well as initiatives that use new technology, such as the entertainment robot aibo and automotive image sensors designed for self-driving cars, the company said.On display will be the new 4K organic light-emitting diode Bravia A8F series, which features the 4K HDR image processor X1 Extreme and brings a new design to the Bravia lineup. The prototype of the next-generation picture processor
TechnologyJan. 9, 2018
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[CES 2018] Samsung defends Bixby’s lukewarm response
LAS VEGAS -- Samsung’s top management on Monday defended reports on low performance and low global market share of its ambitious artificial intelligence technology Bixby during a press briefing held in Las Vegas, a day before the Consumer Electronics Show kicks off. During the conference, Samsung outlined its vision and strategy for intelligent Internet of Things experiences with the demonstration of its ability to make connected consumer experiences across Samsung devices at home, at the office
IndustryJan. 9, 2018
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[CES 2018] Hyundai unveils Nexo as new self-driving platform at CES
LAS VEGAS -- With major carmakers facing challenges in making vehicles both environmentally friendly and autonomous, South Korean auto giant Hyundai unveiled a next-generation hydrogen-powered sport utility vehicle Monday, touting the vehicle as the most reliable self-driving platform.Nexo is the successor of the Tucson FCEV, the carmaker’s first fuel cell SUV launched in 2013. The latest model can drive nearly 600 kilometers per charge, a 40 percent increase from its predecessor, therefore maki
MobilityJan. 9, 2018
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KT&G to increase price of Fiit e-cigarettes
Korea’s largest tobacco maker KT&G said it will increase the price of Fiit, a tobacco product exclusively designed for its heat-not-burn device Lil, from next week. KT&GFiit, a tobacco-filled stick that works with Lil, was released at 4,300 won ($4) in November. The company said the price of Fiit will go up to 4,500 won, reflecting a recent increase in the individual consumption tax imposed on HNB products and other levies such as a health promotion fee. The company has worked to minimize the p
IndustryJan. 9, 2018
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SsangYong rolls out pickup-SUV
SsangYong Motor, the South Korean unit of Indian carmaker Mahindra & Mahindra, has released a pickup-sport utility vehicle dubbed Rexton Sports in a move to take over the midsize SUV market, the company said Tuesday.“Rexton Sports is a premium open-style SUV that will refresh the midsize SUV market longing for change,” said SsangYong Motor CEO Choi Jong-sik during a media conference held in eastern Seoul. “It will solidify SsangYong as a traditional SUV powerhouse adding on to achievements reape
MobilityJan. 9, 2018
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[CES 2018] Hyundai keen on tech tie-up, even if it’s with Samsung
LAS VEGAS -- International motor shows have long been a gateway for many carmakers like Hyundai Motor Group to win global recognition. However, the South Korean auto giant is increasingly paying attention to tech shows including the Consumer Electronics Show, rather than the Detroit Motor Show, an event scheduled for the end of this month. Defining itself as a latecomer in autonomous technology and connected mobility, Hyundai Motor’s top tech officer said Monday that the company is eager to form
MobilityJan. 9, 2018
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Nexon eyes global success with new mobile release ‘Durango: Wild Lands’
South Korea’s video gaming giant Nexon is eyeing global success with its new open world mobile role-playing game “Durango: Wild Lands” as it pioneers a new genre in mobile gaming with hopes of enticing mobile gamers in both Asia and the West. “Durango: Wild Lands” is slated to officially open for play in Korea from Jan. 25 via Google Play and the Apple App Store, and arrive in global markets including North America within this year, according to Nexon. The upcoming mobile game was developed for
TechnologyJan. 9, 2018
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[Newsmaker] Intel chief says chip flaw damage contained by industry
Intel chief Brian Krzanich said Monday the impact of a recently discovered vulnerability in computer chips has been limited due to "remarkable" collaboration by the tech industry.Krzanich took the unusual step of addressing the security issue as he delivered a keynote ahead of the opening of the huge Consumer Electronics Show in Las Vegas, an industry event expected to draw some 180,000 people from the sector. Intel chief Brian Krzanich (AFP)As yet, Krzanich said, there is no information to sugg
TechnologyJan. 9, 2018
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[CES 2018] Competition heats up for Micro-LED, commercialization debated
LAS VEGAS -- LG Display on Monday announced that it is also developing Micro-LED technologies, a day after the surprise unveiling of its rival Samsung Electronics’ 146-inch Micro-LED TV, signaling intensified competition for the next-generation display panel also eyed by Apple.Micro-LED panels, which feature miniature light-emitting diode arrays with smaller, brighter modules and improved response speed, has been rising as the next-generation display in recent years following news of Apple worki
TechnologyJan. 9, 2018
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Samsung to break record with W50tr in operating profit
South Korean tech giant Samsung Electronics is on path to become a company worth 50 trillion won ($46.9 billion), as its annual operating profit for 2017 is forecast to hit 53.6 trillion won, according to an earnings guidance released by the company Tuesday. It is the first time for Samsung to obtain over 50 trillion won in operating profit for the whole year since its foundation in 1969, pushed up by an unprecedented global boom in the chips industry. The company’s preliminary earnings showed t
IndustryJan. 9, 2018
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Intel’s flaws expose first cloud-based PyeongChang Olympics to hacking threats: expert
The latest revelation by Google’s security team Project Zero about flaws in Intel’s central processor units exposes the upcoming PyeongChang 2018 Winter Games to new hacking threats, according to a South Korean expert on Monday. Kim Seung-joo, an information security professor at Korea University, told The Korea Herald that it was urgent for the organizing committee of the PyeongChang Games to examine possible threats to the sports event that is being prepared as the world’s first cloud-based Ol
TechnologyJan. 8, 2018
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Rumors abound over Samsung, LG’s imminent flagship launches
Speculations continue to swirl over the release dates of the 2018 flagship phones from Samsung and LG, with Samsung expected to reveal its Galaxy S9 ahead of LG’s newest model.The Galaxy S9’s launch is widely expected to come at or just before this year’s Mobile World Congress in Barcelona, set to take place from Feb. 26 to March 1. The launch date would indicate a return to the S series’ original pattern of releases that was broken by the S8, which came at the end of March 2017 following a cris
TechnologyJan. 8, 2018
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LG Household & Healthcare’s Whoo exceeds W1.4tr in sales
LG Household & Health Care’s royal-themed cosmetics brand Whoo achieved sales of 1.42 trillion won ($1.3 billion) last year, following its continued popularity in China and Southeast Asia. Chinese consumers shop for LG Household & Health Care’s Whoo products at a department store in Shanghai, China. LG Household & HealthcareSince its launch in 2003, Whoo has seen 40 percent growth each year, according to the company. It posted 100 billion won in sales in 2009. Riding a wave of rapid growth, its
IndustryJan. 8, 2018
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KT acquires first large self-driving bus permit
KT has acquired South Korea’s first permit to operate a large self-driving bus, according to the company Monday.The permit allows KT to operate a 45-seater self-driving bus on expressways and ordinary roads, following a permit to operate a 25-seater bus acquired last September. KT’s self-driving 45-seater bus (KT)KT said that the permit will give the firm an edge in future businesses involving the Cooperative Intelligent Transport System currently being developed for urban areas. KT’s 45-seater
TechnologyJan. 8, 2018
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‘Generation Z’ holds key to future of retail: report
With the ascension of a tech-savvy and mobile-first generation of consumers, or “Generation Z,” retailers and brands need to prepare ways to reach and appeal to them, a recent report showed. According to the report released by Hyundai Research Institute, Generation Z, referring to those born between 1996 and 2010 and the first consumers to have grown up in the digital era, will be the most pivotal generation to the future of retail, with their lifestyles centered around the smartphone.The report
IndustryJan. 8, 2018
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Hyundai heir says partnerships with both Nvidia, Intel ongoing
LAS VEGAS -- Hyundai Motor Group Vice Chairman Chung Eui-sun said Sunday that the carmaker is working both with Nvidia, and also with its rival Intel, for the carmaker’s autonomous driving technology.Chung, the only son to Hyundai Motor Chairman Chung Mong-koo, was attending Nvidia’s press conference held in Las Vegas on the sidelines of the Consumer Electronics Show, where the US company announced its partnership with Volkswagen and Uber for self-driving vehicles. Hyundai Vice Chairman Chung Eu
MobilityJan. 8, 2018
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LG Electronics turns operating profit in Q4
LG Electronics Inc. said Monday its earnings are estimated to have turned to the black in the fourth quarter of 2017 fueled by robust sales of home appliances and premium TVs. The company's operating profit is estimated at 366.8 billion won ($343 million) for the October-December period. This comes after the consumer electronics company recorded an operating loss of 35.2 billion won over the same period a year earlier, LG Electronics said in a regulatory filing.Sales are estimated to have increa
IndustryJan. 8, 2018
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Korea targets 4% growth in exports
Trade officials here expect Korea’s exports will grow 4 percent on-year in 2018.The target is modest compared to last year’s 15.8 percent growth but will still be challenging, as worsening conditions, including the strengthening of the won, are weighing on exporters.Heo Yoon, the dean of the Graduate School of International Studies at Sogang University, said export growth would slow dramatically if such negative factors add to the high base effect.According to Trade Ministry data, As
EconomyJan. 8, 2018
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Top financial regulator calls on banks to ‘gate-keep’ cryptocurrency craze
South Korea’s top financial regulator on Monday called on banks to act as “gatekeepers” in monitoring cryptocurrency-related transactions, elaborating on the need to set off a nationwide survey Monday on banks that have provided virtual accounts for the transactions. “Concerns are rising as banks have kept mum about money flows for illegal use, instead of taking the role of gatekeepers,” said head of the Financial Services Commission Choi Jong-ku in a press conferen
MarketJan. 8, 2018