Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Woman gets suspended term for injuring boyfriend with knife
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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Samsung chief bolsters ties with Germany’s Zeiss
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KT launches new mobile plans for foreign residents
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Samsung’s consumer electronics unit pushes harder into UK
Samsung Electronics said Monday it has clinched multiple supply deals in the UK, in an apparent move to push harder into the home interior and housing market. The South Korean tech giant recently inked a deal to supply 1,000 Air Dressers -- its wardrobe care machine -- with Lux Group. The British firm is a well-known interior design and construction company specializing in high-end mansions, and also manufactures home and dining room furniture. It is one of the major customers that Samsun
July 27, 2020
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More people over 50 use online platforms amid pandemic
More Koreans in their 50s in Korea have started using online platforms since the start of the coronavirus pandemic, a survey showed Friday. According to the survey conducted on 500 people over the age of 50 by the corporate social responsibility unit of Lina Life Insurance, 38 percent of respondents answered that they started using online livestreaming services for the first time after COVID-19. Six out of 10 people said they are using online platforms like YouTube and Netflix. Around 32 p
July 24, 2020
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Samsung SDS’ earnings slump in Q2 due to pandemic
Samsung SDS said Friday its earnings in the second quarter were dented due to the COVID-19 pandemic. The South Korean firm’s sales decreased by 7.5 percent on-year to mark 2.56 trillion won ($2.1 billion), while operating profit fell by 24 percent to reach 196 billion won. Sales of the company’s information technology services division recorded 1.31 trillion won in the second quarter, down 15.9 percent on-year, while that of its logistics solutions business increased 3.3 percent
July 24, 2020
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Dyson brings affordable vacuum cleaners first to Korea
UK-based technology company Dyson has introduced two new cordless vacuum cleaners in South Korea, intent to test the marketability of the newest products with lower price tags here first. The two models are the Dyson Omni-glide and Dyson Digital Slim. The Dyson Omni-guide features an omnidirectional Fluffy cleaner head that allows users to suction dust particles in narrower spaces in corners or underneath furniture, offering greater flexibility than its predecessors. The Dyson Digital Sli
July 23, 2020
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Korea to develop AI-powered immigration control system
The Science and ICT Ministry will invest 45 billion won ($37.6 million) in developing an AI-powered immigration control system by 2022, it announced on Friday. The ministry said it will test the smart control system at Incheon International Airport starting next year. There are currently 11 consortiums joining the state-led project, according to the ministry. Included in the consortiums are computer vision solution maker Alchera, and AI and big data solution developers Minds Lab and Onycom.
July 23, 2020
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KT to develop self-driving EV with Edison Motors
South Korea’s telecom giant KT said Thursday it has joined hands with Edison Motors to develop self-driving vehicles. The firm plans to work on the control system and other software required in self-driving vehicles to improve its 5G-powered mobility solution for new traffic control tower for automated vehicles. Edison Motors, which specializes in manufacturing electric cars, will make machinery for the automated cars, according to the company. The companies have signed a memorandum
July 23, 2020
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SK hynix announces 205% jump in Q2 earnings upon unusual COVID-19 demand
SK hynix, the world’s second-largest memory chip manufacturer, on Thursday reported a 205.3 percent on-year increase in its second-quarter operating profit, due to unusually high demand for server DRAMs amid the protracted COVID-19 impact. The consolidated revenue of the chipmaker stood at 8.61 trillion won ($7.2 billion) during the April-June period, up 33.4 percent on-year, while operating profit amounted to 1.95 trillion won and net profit was 1.26 trillion won. Its operating margin
July 23, 2020
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Dyson's new vacuum cleaner with omnidirectional head makes global debut in S. Korea
British home appliance maker Dyson Ltd. on Thursday launched its new vacuum cleaner with an omnidirectional head for the first time in the world in South Korea as it aims to boost sales here. The Omni-glide features an omnidirectional head that allows consumers to remove dust easily in tight spaces, such as underneath furniture. Dyson said it decided to launch the product in South Korea as it considers the market important and wanted to attract more local customers who usually have a lot of
July 23, 2020
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Naver's cloud unit launches new cloud service
The cloud affiliate of South Korea's leading internet portal operator, Naver Corp., said Thursday that it has launched a new type of hybrid cloud for more stable and easier service. Neurocloud is a type of cloud model called Cloud as a Service (CaaS) in which underlying computer resources are delivered to users as a service from a cloud provider, Naver Business Platform (NBP) said. The CaaS model helps corporate clients to simplify container management within their software-defined infrastru
July 23, 2020
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Samsung tipped to rank 3rd in 5G smartphone production this year: report
Samsung Electronics Co., South Korea's leading tech firm, is expected to rank third in terms of 5G smartphone production this year, a report showed Wednesday. Samsung's 5G smartphone production for the year is estimated at 29 million units, placing the company in third place globally, according to market researcher TrendForce. "Samsung has been experiencing setbacks in the Chinese market in recent years," it said. "Although these setbacks have not seriously affected its global
July 22, 2020
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Kakao Commerce to take over Kakao‘s character business
South Korean tech firm Kakao will relocate Kakao IX Corp.’s character merchandising business to its e-commerce unit Kakao Commerce, according to industry sources on Wednesday. Kakao IX, the current operator of character business, will finalize the restructuring during an upcoming board meeting early next month, the sources added. The latest corporate reshuffle is likely to give a boost to Kakao’s growing e-commerce business unit. Kakao Commerce last year marked 296.1 billion won
July 22, 2020
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MakinaRocks attracts W12b investments from LG, Hyundai Motor
Artificial intelligence solution startup MakinaRocks said Wednesday the company has completed the Series A round, winning a total of 12 billion won ($10 million) worth of funding from large South Korean businesses including LG and Hyundai Motor. MakinaRocks develops and provides solutions that can detect and prevent errors and defects during manufacturing processes based on deep learning and enhanced learning algorithms for companies that operate complex and large-scale manufacturing facilit
July 22, 2020
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LG Velvet offering 5G hits US market
LG Electronics’ design-focused Velvet smartphone has become available in the United States, providing US consumers a new 5G device choice, according to the company on Wednesday. The 6.8-inch organic light-emitting diode screen phone with a triple rear camera module in its signature water drop design will retail for $599 via US mobile carrier AT&T first and through T-Mobile and Verizon later this summer. The retail price is viewed as lower than expected compared to 5G phones avail
July 22, 2020
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Samsung to host online event to unveil new gadgets, tech innovations in Sept.
Samsung Electronics Co. will stage its own event to introduce the company's new products in the upcoming months after it decided to skip the largest consumer electronics show in Europe. Samsung said it will host an online event, titled "Life Unstoppable," on Sept. 2, to unveil its latest innovations in mobile phones, wearables, TV, audio and home appliance products. "The brand will take guests through an interactive virtual world, unveiling new products and demonstrating how th
July 22, 2020
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Samsung, Hyundai Motor to cooperate on future cars beyond batteries
Discussion and cooperation on future mobility technologies are seemingly picking up speed between South Korea’s two biggest conglomerates, Samsung Electronics and Hyundai Motor Group, raising expectations on tangible business partnerships on development of next-generation vehicles and automotive solutions. The company’s de facto leaders, Lee Jae-yong of Samsung and Chung Euisun of Hyundai Motor, met officially on Tuesday for the second time this year to discuss future mobility tec
July 21, 2020
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SK Telecom to export 5G mobile edge computing tech with Hewlett Packard Enterprise
South Korea's leading telecom operator SK Telecom Co. said Tuesday it has partnered with Hewlett Packard Enterprise (HPE) to export its 5G mobile edge computing (MEC) technology. The carrier signed an agreement to form a consortium with the Asia Pacific and South Korea units of HPE to provide the key 5G technology to global telecom operators. The consortium is currently in talks with telecom operators in Malaysia and Thailand and plans to target North American and European markets, according
July 21, 2020
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Samsung to introduce 5 new devices at online event on Aug. 5
Samsung Electronics Co. will unveil five new products at its upcoming launch event, the company's mobile business chief said, with a focus on delivering new experiences. In an editorial posted on the company's website on Monday, Roh Tae-moon, who heads Samsung's mobile communications business, said the South Korean tech giant will introduce five new devices at the Galaxy Unpacked event on Aug. 5. For the first time, the event will be broadcasting live from South Korea, according to Samsung.
July 21, 2020
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Naver moving oversea data center from Hong Kong to Singapore
Naver Corp., South Korea's top internet portal operator, said Monday it is moving its overseas data backup center from Hong Kong to Singapore amid privacy concerns in the Chinese territory. Concerns about leaks of personal information arose after China implemented a new security law in Hong Kong early this month. Naver said it is in the process of changing the host country of backup data servers to Singapore from Hong Kong. "(We) deleted all backup data saved at the center in Hong Kong
July 20, 2020
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LG Display to begin to mass-produce OLED panels in China soon
LG Display Co., South Korea's major display panel maker, said Monday it will begin to mass-produce OLED panels soon at its factory in Guangzhou, China, after a one-year delay due to the new coronavirus outbreak. LG Display said it is currently producing 8.5 generation OLED panels at the factory on a small scale but will begin mass production soon. The company completed the construction of the factory in August 2019, but its plan to produce the panels was largely held off due to the COVID-19 p
July 20, 2020
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Samsung hints Galaxy Fold 2 to debut in August
Samsung Electronics has hinted it is planning to unveil its second edition of Galaxy Fold at the upcoming Unpacked event in August, according to a short teaser video uploaded on one of its social network channels. On a Twitter account run by Samsung’s UK office, a video clip featured a drop of rose gold paint transforming into a symmetrical shape assumed to be a butterfly. It also displayed the date of the Galaxy Unpacked event that falls on Aug. 5. The butterfly image previously sym
July 20, 2020