Most Popular
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Seoul vows action over Naver's Line, Yahoo dispute
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[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
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[Grace Kao] American racism against Stray Kids
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Samsung doubles down on Vietnam
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In Beijing, S. Korean top diplomat aims to jumpstart ties with China
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NewJeans' members' parents complained to Hybe, email shows
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Suspect behind murder of Korean tourist in Pattaya arrested
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Controversy brews over shakeup of prosecutors amid probe of first lady
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Prosecutors summon pastor involved in Dior bag scandal
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Samsung likely to hold online ‘Unpacked’ event on Aug. 5
Samsung Electronics is highly likely to hold its annual “Unpacked” event for the Galaxy Note lineup online for the first time on Aug. 5 due to the prolonging COVID-19 impact, according to news reports Tuesday. The Galaxy Note Unpacked event is usually held in New York every August. At this year’s event, Samsung is expected to unveil four new gadgets: Galaxy Note 20, Galaxy Fold 2, Galaxy Z Flip 5G and Galaxy Watch 3. The Galaxy Note 20 is forecast to be released in two ve
June 9, 2020
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LG Uplus renews supply deals with local 5G equipment firms
LG Uplus announced Sunday that it has renewed its contracts with Ubiquoss and Dasan Network Solutions to supply 5G equipment. South Korea’s third-largest mobile carrier will purchase 271 billion won ($224 million) of 5G equipment by May 2023 -- revised from the initial 155 billion-won deal set to expire on November 2021. It will buy about 90 billion won of 5G equipment a year. LG Uplus said the this will increase supplies of equipment for its 10 Gigabits per second 5G network service.
June 7, 2020
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[Chew on I.T.] What makes up smartphone prices?
It was three years ago that the psychological threshold for smartphone prices passed the $1,000 mark with the launch of Apple’s 10th anniversary iPhone X, with Samsung’s Galaxy Note 9 following the next year. But more recently, phone manufacturers have suffered declines in demand for high-end phones costing over $1,000 as the global economy slowed. They consequently shifted their business focus to less premium or midrange phones. This year, the market has already seen multiple
June 7, 2020
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FTC ends probe on ‘TV war’ between Samsung and LG
The Fair Trade Commission said Friday it has terminated an investigation into the battle between Samsung Electronics and LG Electronics over the technological competitiveness of their TVs. The antitrust agency said the two companies have decided to drop the case and pledged to refrain from negative marketing. LG on Wednesday withdrew its complaint filed against Samsung in September, and Samsung followed suit on Thursday. Samsung declined to comment, but the two reportedly have reache
June 5, 2020
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National Tax Service terminates Cyworld, ICT Ministry to investigate
The National Tax Service terminated the business registration of homegrown social networking service Cyworld on May 26, according to industry sources on Thursday. Meanwhile, the ICT Ministry said that Cyworld has not made a report to the NTS of a business termination and that it had expressed willingness to continue the business to the ministry. According to the Telecommunications Business Act, such an internet business is required to report to the ICT Ministry at least 30 days before perman
June 4, 2020
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Lemonex develops new drug delivery system for siRNA therapeutics
Lemonex, a biotechnology company developing next generation RNA and immuno-oncology therapeutics, announced Thursday that it has developed a drug delivery system (DDS) highly effective for small interfering RNA (siRNA) therapeutics based on its proprietary platform technology, DegradaBALL. DegradaBALL is an innovative modular DDS based on porous solid nanoparticle, having many favorable properties for RNA delivery such as convenient drug loading, effective intracellular uptake, biocompatibili
June 4, 2020
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Purple Galaxy S20 edition devoted to BTS to hit market on July 9
Samsung Electronics plans to release a limited volume of purple Galaxy S20 smartphones devoted to South Korea’s top boyband BTS on July 9, according to news reports on Thursday. The purple color symbolizes BTS and its fan club Army. The anniversary of the day the fan club was officially named in 2013 falls on July 9. A video clip that hinted at the launch of the BTS edition Galaxy S20 was posted on Twitter and Instagram last week. The video delivered the message, “Find your
June 4, 2020
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Samsung offers W38.8b for cutting-edge materials, biotech projects
Samsung Electronics will support 28 science and technology projects by providing 38.85 billion won ($31.88 million) this year, the tech giant said Thursday. The company has selected 14 projects in basic science, eight in materials science and six in the information communications technology sector to offer its funds. Samsung has provided a total of 758.9 billion won for 589 research and development projects in the three sectors since 2013 as part of corporate social responsibility. This ye
June 4, 2020
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Korean tech firms join forces to reinforce AI capabilities
South Korea’s tech companies are moving to create coalitions to reinforce artificial intelligence technologies under the government’s initiative to make the country an AI powerhouse, according to industry sources Wednesday. Two competitive AI coalitions have been formed so far: One led by SK Telecom involving Samsung Electronics and Kakao, and the other by KT with LG Electronics and LG Uplus. On Wednesday, KT, LG Electronics and LG Uplus announced they will make an open in
June 3, 2020
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[Graphic News] Medical equipment output tops W7tr in 2019
South Korea‘s output of medical equipment and related materials passed 7 trillion won ($5.7 billion) in 2019 on solid demand for dental treatment products, data showed. About 7.3 trillion won worth of medical equipment and materials were produced in the country last year, up 11.8 percent from a year earlier, according to the Ministry of Food and Drug Safety. The sector’s annualized growth rate far outpaced the 2 percent increase in the country’s gross domestic product
June 3, 2020
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Samsung’s top brass hears about labor relations from presidential council
Around 20 CEOs of Samsung Electronics and its affiliates on Monday attended a lecture by the head of the presidential council on economic, social and labor affairs, according to the company. The South Korean tech giant invited Moon Sung-hyun, chairperson of the presidential Economic, Social and Labor Council, and arranged a special lecture for the leaders of affiliates, including Samsung Electronics Vice Chairman Kim Ki-nam, Samsung C&T CEO Lee Young-ho and Samsung Life Insurance CEO Jeon
June 1, 2020
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Samsung embarks on NAND flash line at 2nd Pyeongtaek fab
Samsung Electronics announced Monday it has embarked on creating the second production line for its advanced V-NAND flash memory chips in Pyeongtaek, Gyeonggi Province, with a schedule to start rolling them out in the second half of 2021. The company has started working on the NAND cleanroom in May in order to respond to the rising demand for artificial intelligence and internet of things technologies amid the spreading non-contact lifestyles and services in the wake of the COVID-19 outbreak.
June 1, 2020
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Korean tech giants rethink full-fledged participation in IFA
Samsung Electronics and LG Electronics -- the two biggest tech firms in South Korea -- are likely to scale back their participation in IFA 2020, amid the prolonged COVID-19 pandemic, according to industry sources Sunday. However, the two firms have not yet finalized their plans to participate in the largest tradeshow for home appliances in Europe, slated for September. The IFA 2020 will be held onsite from Sept. 3-5 at the Messe Berlin exhibition hall as usual, the show’s organizer ann
May 31, 2020
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SKT to develop AI-based post-production platform
SK Telecom said Friday it plans to develop an artificial intelligence-based post-production platform to help local firms to export cultural content products abroad. The South Korean telecommunications firm said it has signed a memorandum of understanding with local post-production firm New ID to collaborate on the project. “The latest partnership deal will meet increased foreign demand for Korea’s cultural productions,” the company said. “The two companies expect the
May 29, 2020
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[Graphic News] Multisystem inflammatory syndrome in children (MIS-C)
Timeline of reported cases Late April: An unidentified children’s illness reported in Europe May 9: Illness claims three children in New York, US, and one in France May 13: Casualty occurs in the UK; UK, France, US together confirm over 100 cases May 23: Mystery children’s illness spreads to 13 countries (25 states in the US) May 25: Korea launches disease surveillance systems May 26: Korea sees two suspected cases of the rare pediatric condition, both in Seoul
May 29, 2020
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Naver reshuffles internet cartoon business, seeks global expansion
Naver on Thursday said that it plans to make its US-based unit Webtoon Entertainment the head office for online cartoon businesses. The latest restructuring plan comes amid the South Korean internet giant’s efforts to expand its online cartoon business abroad. As part of the plan, California-based Webtoon Entertainment will purchase all stocks of Line Digital Frontier, the company’s Japanese internet cartoon unit. It will cost the US unit some 232 billion won ($187 million). The t
May 28, 2020
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SK Broadband launches ‘ZEM Kids’ on B tv
SK Broadband said Thursday it has launched children-targeted “ZEM Kids” content on B tv Cable, the new name of Tbroad cable television that has been merged with the operator last month. ZEM Kids is a self-learning content aimed for children from toddlers to elementary school students. The content carries some 4,000 programs that include story-telling, English classes and sessions for parents. The story-telling program, for instance, has over 350 story options for kids aged 3 and u
May 28, 2020
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Samsung’s health app slips into TVs in Korea, US, UK
Samsung Electronics said Friday it has expanded its mobile device-based health platform to televisions as demand for in-home fitness content and services is growing in the wake of the global pandemic. The Samsung Health app is now available on the company’s smart TVs launched this year in South Korea, the United States and the United Kingdom. The app is designed as a wellness management platform that enables users to customize their personal health journeys by connecting them to premi
May 28, 2020
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ULikeKorea introduces COVID-19 body patch monitoring system
South Korean ICT company specializing in smart livestock health management uLikeKorea said Wednesday it has successfully developed a COVID-19 body patch system that can monitor symptoms, activity level and location related to the virus in real-time. According to uLikeKorea, the system was made with non-toxic and environmentally friendly materials that can be attached to the chest. It can detect temperature, pulse, activity level and location in real-time, it said. “ULikeKorea used the
May 27, 2020
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Local telecom firms bid for fifth-largest cable TV operator Hyundai HCN
South Korea’s three major telecommunications firms have submitted nonbinding indicative offers to acquire Hyundai HCN, the nation’s fifth-largest cable TV operator owned by Hyundai Department Store Group, according to industry sources Wednesday. The three local firms -- KT, SK Telecom and LG Uplus -- are expected to compete for acquiring the cable TV operator, which has a 4 percent market share with 1.3 million subscribers. The cable TV unit’s total revenue last year was 292
May 27, 2020