Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Medical feud leaves hospitals in financial crisis
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Samsung mocks Apple over iPhone alarm glitch
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'Queen of Tears' riding high on Netflix chart
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Chip up cycle won’t stay long: SK chief
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Qualcomm names new CEO of Korean office
U.S.-based chipmaker Qualcomm said Tuesday that it has promoted Lee Te-won, the head of Qualcomm Korea’s R&D center as the president of its Korean office.The newly appointed president founded audio solutions start-up SoftMax in 2002, which was acquired by the chip company in 2007. Since the takeover, Lee has been working for the chipmaker’s research and development center.Lee Te-won, new president of the Korean office of U.S. chipmaker QualcommBefore joining Qualcomm, Lee served as a neural comp
May 17, 2016
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Healthy aging has little to do with age: study
MIAMI (AFP) -- When it comes to maintaining health in one’s older years, age means little and obesity may not be so bad after all, according to a U.S. study released Monday. Factors such as loneliness, depression and having broken a bone recently are more likely to predict a person’s risk of dying in the next five years, researchers at the University of Chicago found. “The healthiest people were obese and robust,” said the study in the Proceedings of the National Academies of Science, which foun
May 17, 2016
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Samsung C&T stocks plunge as lower demand hits bottom line
Shares in Samsung C&T have been on a downward curve since September when a merger of two major Samsung Group affiliates generated the construction-to-fashion holding company for Samsung Group, analysts said Tuesday.They attributed the fall largely to the company's drop in overseas orders and sluggish domestic demand for the construction, fashion and resort sectors.Samsung C&T, newly created on Sept. 1 last year through a merger between a construction and fashion unit of the same name and Cheil I
May 17, 2016
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Intel widens lead over Samsung in chip sales: report
Samsung Electronics, Korea's top tech giant, suffered "zero" growth in its chip sales in the first quarter of the year, while its U.S. rival Intel posted an 8.7-percent jump, a report showed Tuesday.The divergence has enabled Intel to extend its lead over Samsung in the global semiconductor industry, according to IC Insights.The market research firm released an updated list of the world's top 20 semiconductor suppliers. The 20 companies' combined sales decreased 6 percent on-year in the first th
May 17, 2016
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Samsung SDS, IBM to develop security solutions for energy firms
Samsung SDS and IBM have joined hands to roll out security solutions tailored for energy and utility businesses, the companies said Monday. The strategic alliance is in line with IBM’s efforts to increase its presence in Korea’s security solutions market.Han Sung-won(left), vice president of Samsung SDS’s cybersecurity team, Roman Tuma, the head of the Asian-Pacific sales team of IBM, pose after signing a partnership deal in Seoul on Monday. (IBM)Samsung SDS, which has been producing and managin
May 16, 2016
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[Photo News] LG meet Dodgers
LA Dodgers first baseman Adrian Gonzalez (left) takes a selfie with a baseball fan during a promotional event for LG Electronics’ G5 smartphone at the Dodger Stadium in Los Angeles on Sunday. (LG)
May 16, 2016
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LG to spin off two venture firms
LG Electronics said Monday it has decided to spin off two venture firms that have carried out separate projects under the leadership of its chief technology officer. Starting with the two firms -- Acanvas and Infit&Company -- the Korean tech giant said it will continue to encourage the start-up spirit among employees and nurture their creative ideas into businesses. Acanvas’ digital frame (LG Electronics)Acanvas has developed a rechargeable electronics frame that displays digitalized works of ar
May 16, 2016
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OLED iPhone renews competition among display makers
Apple’s adoption of an organic-light emitting diode screen is renewing competition among display makers. According to recent news reports, Samsung has signed a deal with Apple to supply an annual 100 million OLED panels from the second quarter of next year for three years. “For now, Samsung is the only company that meets Apple’s strict product criteria. But considering its strategy of having multiple suppliers, LG and other display makers could share a fraction of the orders,” said Yi Choong-hoo
May 15, 2016
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Messaging app LINE tops Google Play Store sales rankings
LINE, the mobile messaging app of South Korean portal giant NAVER, has beaten its rivals in sales of applications available on Google Play Store for the past four years, a global industry tracker said Friday. In the four years up to March this year, the Korean messaging app topped others in the Google Play app worldwide revenue rankings. It took the top three spots due to robust sales of games, cartoon content and avatar apps, according to a report from App Annie, a U.S.-based app analytics comp
May 13, 2016
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Korea to showcase ICT power in PyeongChang Olympics
The South Korean government on Friday said it is gearing up to roll out a set of cutting-edge information, communication and technology systems to support the successful hosting of the 2018 PyeongChang Winter Olympics.Automatic translation services, based on artificial intelligence, will be offered in seven languages, including English, Chinese and French, in real time for athletes and visitors to the event to be held in the Gangwon Province town, according to the Ministry of Science, ICT and Fu
May 13, 2016
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NCsoft’s net surges 86% on overseas sales growth
NCsoft, Korea’s top online game developer, reported Friday its net profit in the first quarter had surged 86 percent to 66.2 billion won ($57 million), largely driven by sales growth in overseas markets. Its sales rose 28 percent to 240.8 billion won in the first three months of the year compared to the previous year. Operating profit was also up 69 percent to 75.8 billion won over the same period. The company’s global sales reached 109.3 billion won, making up 45 percent of its total revenue in
May 13, 2016
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Korean firms far behind global peers in 'big data' use
Only around 5 percent of South Korean companies make use of "big data" in their businesses, far lower than 29 percent of global firms, recent surveys showed.Among local firms with 100 employees or more, 4.3 percent were using big data, which is large volumes of instant digital data, as of October last year, according to South Korea's National Information Society Agency.The rate was 9.6 percent among those with over 100 billion won ($85 million) in revenue.A majority of companies said they feel n
May 13, 2016
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Hyundai Motor unveils wearable robot
Hyundai Motor Group, South Korea's auto giant, has unveiled photos of a wearable robot that can be applied in plants, national defense and many other areas, group officials said Friday.The robot that one can wear by simply buckling into it is reminiscent of the suit seen in “Iron Man,” a Hollywood blockbuster movie. It has been developed by major affiliates of the auto giant including Hyundai Motor Co., Kia Motors Corp. and Hyundai Rotem Co., according to the officials. Some photos of the robot
May 13, 2016
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CPA Global sets new business goal in Korea
CPA Global, a leading intellectual property management firm, on Thursday said it will aim to cater to the diversified needs of its Korean clients with comprehensive services. Announcing its new business goal for the Korean market, the firm said it ultimately hopes to help customers realize their ideas and get more value from their IP via integrated software, services and information. Marcos Antunes, general manager of the company’s Asia-Pacific business unit, speaks at a press conference at Kore
May 12, 2016
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SK names Korean AI system ‘Aibril’
SK Holdings C&C on Thursday announced “Aibril” as the name of the Korean version of Watson, an artificial intelligence system created by IBM. Aibril is a combination of “AI” and “brilliant,” illustrating how the increase in intelligence will prove fruitful, according to company officials. “Aibril will play a significant role in helping start-ups and IT developers create various applications for robots and mobile devices,” the firm said in a statement.SK C&C, the information technology services a
May 12, 2016
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Kakao’s profit plunges 65% in Q1
Kakao Corp., the operator of the immensely popular mobile messenger app Kakao Talk, on Thursday reported an almost 65 percent plunge in net profit in the first quarter due to its slowing ad sales and increased costs. The company’s net profit was down 64.5 percent to 10.9 billion won ($9.3 million) in the first three months of the year compared to a year ago. Its sales rose 3.5 percent to 242.4 billion won during the same period.The company said its ad business suffered seasonal weak demand in th
May 12, 2016
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Korea creates new 'control tower' on sci-tech policy
Korea launched a presidential council on science and technology Thursday to oversee the nation's efforts to overhaul the research and development (R&D) sector.The "strategic" panel, headed by President Park Geun-hye, will serve as a "control tower" and a "trouble shooter" for Korea's overall science and technology policy, said the Ministry of Science, ICT and Future Planning. President Park Geun-hye (Yonhap)Park presided over the inaugural session of the council at her office Cheong Wa Dae, atte
May 12, 2016
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Four Grit expands UX analysis product range to B2C market
The startup Four Grit, a UX (user experience) analysis company founded only six months ago, announced on May 9 that it would be expanding its product range from the B2B (business-to-business) to B2C (business-to-consumer) market.Four Grit (CEO: Tae Joon Park) provides an automated service that analyzes its clients’ web services, searches for a wide range of problems, and provides them with a report of its findings. It not only analyzes key indices such the inflow and purchases of actual users, b
May 12, 2016
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Ericsson-LG demonstrates 5G network tech in Korea
Ericsson-LG demonstrated the next-generation network 5G on Thursday. It marked the first time that the network equipment manufacturer had showcased the network in Korea. The 5G network equipment used for the demonstration offered a peak download speed of 26 gigabit per second, around 350 times faster than the current Long-Term Evolution network. “I feel proud of the Ericsson-LG researchers at the Anyang R&D center who are contributing to achieving technical innovation for both Korean and global
May 12, 2016
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Park vows to overhaul Korea's R&D system
President Park Geun-hye vowed Thursday to innovate Korea's research and development (R&D) system, stressing the country's prowess in science and technology is the key to staying ahead of the competition. Park made the latest pledge as Korea is finding itself "sandwiched" between intense competition with advanced countries and challenges by emerging economies that have managed to bridge the technology gap to a considerable extent President Park Geun-hye (Yonhap)A weaker Japanese yen and China's
May 12, 2016