Most Popular
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Do Korean doctors make too much money?
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Korean industries gauge impact of Biden's steep tariffs on China
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Court refuses injunction on medical school expansion
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Why Korean crime stories typically feature nameless, faceless perpetrators
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Is FTC's conglomerate listing a boon or bane for Hybe?
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NewJeans to headline palace show
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Coupang's Kim Bom escapes chaebol chief designation again
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Debate on 'no-seniors zones' heats up
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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S. Korea, Cambodia forge strategic partnership
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Samsung starts mass-production of power-efficient SSD for data centers
Samsung Electronics Co. said Wednesday it has started mass-production of a power-efficient solid state drive (SSD) for data centers that also boasts enhanced security solutions. The South Korean tech giant said PM9A3E1.S is the industry's first data center-use SSD product based on sixth-generation V-NAND chips. It supports the standards of Open Compute Project (OCP), an organization that sets hardware and software standards in data centers. Samsung, the world's leading memory chip producer, sa
Feb. 24, 2021
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Audio social media app Clubhouse takes off in S. Korea
Clubhouse, an audio social media app that has generated buzz worldwide, has been gaining popularity in South Korea as popular celebrity users, from K-pop artists to politicians, join the invitation-only platform. The iPhone social media app, in which users enter rooms to chat with one another by voice, reached 195,000 downloads in South Korea as of Feb. 16, according to mobile analytics company App Annie on Tuesday. While the app, developed by US-based startup Alpha Exploration Co., ranked at
Feb. 23, 2021
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Samsung launches ‘human eye-like’ image sensor ISOCELL GN2
Samsung Electronics announced on Tuesday it is launching the advanced image sensor ISOCELL GN2 with a more true-to-life auto focus function that makes the microchip operate similar to human eyes. ISOCELL is Samsung’s image sensor brand developed by its System LSI Business. Samsung, which is on a path to expand its presence in the system-on-chip market, including the image sensor sector, has been increasing efforts to bolster its product lineup. The newest ISOCELL GN2 boasts a new 5
Feb. 23, 2021
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Huawei co-hosts forum on shared prosperity at MWC
Governmental ministers from multiple countries gathered on Tuesday at the Connected for Shared Prosperity forum co-hosted by Huawei and GSMA to mark the opening of Mobile World Congress Shanghai 2021. Speakers, including ministers from Spain, Portugal, Hungary and more, agreed that the global economic recovery is increasing instep with greater enforcement of pandemic control measures. They also agreed that reductions in emissions, more jobs, and more initiatives in facilitating prosperity ar
Feb. 23, 2021
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S. Koreans spent an hour a day on YouTube in Jan.: data
South Koreans are estimated to have spent an hour on average on the mobile YouTube app a day last month, data showed Tuesday. The average time a local mobile user spent on the video streaming app in January stood at 30 hours and 34 minutes, or 59 minutes a day, according to mobile app tracker WiseApp, based on data of Android and iOS users over the age of 10 in the country. WiseApp said there were 40.41 million mobile users who used the YouTube app at least once last month, with those aged 50
Feb. 23, 2021
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LG Display enters X-ray imaging biz with large-size oxide-based TFT
LG Display Co., a major display panel maker in South Korea, said Tuesday it has developed a large-size oxide-based thin film transistor (TFT) for a digital X-ray detector (DXD) as the company aims to foster its diagnostic imaging business for future growth. LG Display said its oxide TFT -- which comes in sizes of 43 centimeter× 43 centimeter and 35cm×43cm -- is the industry's first large-size oxide TFT for DXD use. A TFT acts as a switch to individually turn each pixel on or off
Feb. 23, 2021
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Samsung to support security updates for Galaxy devices
Samsung Electronics Co. said Tuesday it will provide security updates for Galaxy mobile devices at least four years after their initial release. The world's largest smartphone maker said more than 130 models released after 2019 are subject to its regular security updates. They include Galaxy S10, S20 and S21 series, as well as Samsung's foldable, smartphones. "Samsung worked closely with its operating system and chipset partners, as well as over 200 carriers around the world to ensure t
Feb. 23, 2021
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Antitrust watchdog’s bill aimed to regulate online platforms faces hurdles
A bill from South Korea’s antitrust regulator aimed to govern dominant e-commerce platforms is still pending in the National Assembly due to a tug of war between two government bodies -- the Fair Trade Commission and the Korea Communications Commission. In the meantime, platform operators and local customers have been raising their concerns, viewing the regulatory move as excessive market intervention. A survey conducted by Korea Startup Forum showed Monday that around 61 percent of res
Feb. 22, 2021
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LG may ditch plan for rollable smartphone upon biz restructuring
LG Electronics Inc., a South Korean tech firm, may scrap a plan to develop a smartphone with a rollable display, industry observers here said Monday, amid growing speculation that the South Korean tech giant will ditch its money-losing mobile business. LG reportedly told its parts suppliers, including Chinese display maker BOE, to put the rollable smartphone development project on hold, according to industry sources. The parts makers may request compensation from LG in the future for their deve
Feb. 22, 2021
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Chip shortage only to exacerbate amid complex global issues
The world is undergoing an unprecedented dearth of microchips needed for a wide spectrum of everyday gadgets from gaming consoles, smartphones, tablets and home appliances to TVs, as well as automobiles that are increasingly being electrified. The current chip shortage appears to be the consequence of multiple global issues including the prolonging trade dispute between the United States and China, COVID-19 pandemic and natural disasters occurring in regions with large semiconductor production
Feb. 21, 2021
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Homegrown app market draws spotlight as alternative to Google's Play store
South Korea's app market ONE store has drawn attention as a possible alternative to Google's Play store as local app developers worry about increasing costs over the US tech giant's decision to expand its 30 percent commission fee to all in-app digital goods purchases later this year. ONE store, a subsidiary of top wireless carrier SK Telecom Co., launched the app market in 2016 as a smaller rival to the Play store on Google's Android operating system. The app market has since steadily grown,
Feb. 21, 2021
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SK hynix to see 70% surge in Q1 profit: report
SK hynix’s operating profit for the first quarter this year is expected to hit 1.36 trillion won ($1.2 billion), up 70.6 percent on-year, Shinhan Investment said Friday. The brokerage also forecast in its report that the company’s revenue during the three month period could go up 14.2 percent on-year to reach 8.2 trillion won. The on-year growth was mostly attributed to the increasing price in dynamic random-access memory products, or DRAM products, and the recent turnaround in ma
Feb. 19, 2021
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Kakao Mobility receives $200 million investment
Kakao Mobility, South Korea’s largest mobility-as-a-service platform operator, is expected to accelerate its business expansion with a recent investment from Carlyle Group. International investment firm Carlyle Group Thursday agreed to invest $200 million in Kakao Mobility, valuing the South Korean mobility platform operator at 3.42 trillion won ($3.09 billion). Kakao Mobility currently operates Kakao T, the country’s most popular taxi-hailing platform used by around 28 million u
Feb. 19, 2021
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SK chief underscores cooperation in battery ecosystem
SK Group Chairman Chey Tae-won on Friday underscored the importance of cooperation among players in the lithium-ion battery industry during a webinar hosted by the group’s foundation. During the online seminar hosted by the Chey Institute for Advanced Studies, the chairman attributed the recent success of the battery industry to “the longtime cooperation among researchers from the academia and industry.” “Such cooperation is crucial to expand the battery ecosystem i
Feb. 19, 2021
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Apple likely to launch second store in S. Korea this month
Apple Inc. is expected to open its second store in South Korea later this month, expanding its presence in the country to compete with local tech giant Samsung Electronics Co. The company said Friday it will hold a press preview event for the store in Yeouido, western Seoul, on Feb. 24. While Apple did not specify when the store will be open to the public, it opened its first store in southern Seoul in 2018 just a few days after a press event. The company is reportedly planning to further exp
Feb. 19, 2021
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[Advertorial] LG Chem innovates business model centering on sustainability
LG Chem, South Korea’s leading petrochemical, high-tech material and biopharmaceutical company, has set out to innovate its business model as it shifts focus to sustainability. Last year, the flagship LG affiliate announced its sustainability strategy that pivots on carbon neutrality to be achieved by 2050 as the first Korean chemical firm. The company has recently committed to using 100 percent renewable energy by 2050 to join the global clean energy RE100 initiative led by the in
Feb. 18, 2021
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Samsung to hold TV launch event ‘Unbox & Discover’
Samsung Electronics will hold a launch show for its TV products, dubbed “Unbox & Discover,” next month. Samsung said Thursday it has sent out invitations to global partners and media for the event set for March 2. “Samsung will share its vision for how the company’s latest innovative products are set to redefine the role of the TV through cutting-edge technologies, beautiful design and impactful partnerships,” it said. The company is expected to unveil
Feb. 18, 2021
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[Video] Will chat app Clubhouse reshape social media trends?
The invitation-only audio chat application named Clubhouse is surging in popularity around the globe by picking up millions of people on social media. Launched in March 2020, the niche platform facilitates audio conversations between users. Once users are invited to join, they can enter various chat rooms and communicate about those topics. The types of chat rooms are diverse and the most popular ones are operated by a handful of users speaking to a silent audience. The chat rooms range fro
Feb. 18, 2021
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Seoul to build research facilities for robotics and AI
The Seoul Metropolitan Government announced Thursday that it has decided to spend a total of 34.7 billion to build research facilities for robotics and artificial intelligence near Suseo-dong, Gangnam-gu, Seoul. The central government will inject 24.2 billion won in the project, while the city government and the Gangnam-gu office will invest 2.5 billion won and 7.8 billion won, respectively. The region near Suseo Station has remained idle since December 2019, when the city government decided
Feb. 18, 2021
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KAIST appoints Lee Kwang-hyung as new president
Korea Advanced Institute of Science and Technology has appointed the institution’s provost and executive vice president Lee Kwang-hyung as its new president, it said Thursday. KAIST held a board meeting to appoint Lee the 17th president of the institution upon approval of Minister of Science and ICT. Lee, who is known as a futurist who introduced convergence studies at the academic institution, is an alumnus who earned a master‘s degree in industrial engineering at KAIST in 198
Feb. 18, 2021