Most Popular
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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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Debate on 'no-seniors zones' heats up
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S. Korea, Cambodia forge strategic partnership
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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Is NewJeans headed for a long 'break'?
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[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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New Seoul High Prosecutors’ Office chief vows full-fledged probe into first lady
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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[Graphic News] No. of seniors suffering mental disorders rising rapidly
The number of elderly South Koreans with mental health issues has risen sharply in recent years, as the country scrambles to provide better health care for its people, a report showed. In the report to the National Assembly, the Health Insurance Review and Assessment Service said that in the 2010-2018 period, the number of people over 80 afflicted with major depression surged 176.5 percent, with the figure for those in their 70s increasing 59.4 percent. As of last year, roughly 40 percent of th
Oct. 15, 2019
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Korean firms embrace cloud computing to be competitive
With cloud computing technology advancing at a rapid pace, South Korean companies are also transforming the way they handle their data and operations.SK Group’s IT service affiliate SK C&C said Monday it plans to convert 80 percent of its parent company’s business operations to a cloud-based system. For this, it has acquired about 20 percent stake in local cloud service provider Glucose. The decision is designed to integrate Glucose’s Microsoft Azure cloud computing service
Oct. 15, 2019
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Samsung vs. LG spat continues on YouTube
The spat over TV technology between South Korean tech giants Samsung and LG has continued online, with Samsung hinting at the burn-in problem of LG’s organic light-emitting diode TVs, according to industry sources on Tuesday. Samsung recently posted a 50-second video clip on its YouTube channel, titled “TV Burn-in Checker.” Burn-in, widely known as a major weakness of OLED TVs, refers to the discoloration of pixels caused by displaying static images due to the characteristics o
Oct. 15, 2019
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LTE speed gap in Seoul metropolitan area widens: lawmaker
The fourth-generation Long Term Evolution internet speeds are not consistent and vary across the Seoul metropolitan area, a lawmaker said Monday. Citing a 2018 survey conducted by the Ministry of Science and ICT, Rep. Park Gwang-on of the ruling Democratic Party said the LTE speed gap between the fastest and slowest neighborhood was as much as three times. Of the 85 areas in Seoul and surrounding metropolitan areas, residents of Gwacheon, Gyeonggi Province, experienced the fastest speed of 201
Oct. 14, 2019
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SK hynix’s YouTube video hits 12 million views
A YouTube video that chronicles SK hynix’s technological challenges over the years to mass-produce the world’s first 128-layer triple-level cell 4D NAND chip has received over 12 million views in less than two weeks of its release, the company said in a statement Monday.The corporate promotion video titled “Cheongju Jikji,” narrates how the company’s challenging spirit resembles the passion and drive that drove the inventors of the world’s first metal movable
Oct. 14, 2019
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Samsung Galaxy Fold available again in Korea, soon in Japan, China
The third batch of Samsung Galaxy Fold smartphones were set to be released in the Korean market Monday, drawing attention to the total volume of available units. Samsung was to begin taking orders for the foldable gadget on its homepage as well as some e-commerce platforms like 11st, eBay and Coupang at midnight on Sunday, according to the tech giant. The exact volume of the third batch has not been revealed, but industry officials estimate around 10,000 units would be rolled out. According to m
Oct. 13, 2019
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Samsung Display officially invests W13.1tr in world’s first QD display
Samsung Display on Thursday announced it will invest a total of 13.1 trillion won ($10.9 billion) in establishing the world’s first production line for quantum dot-based display panels over the next five years. The investment plan that has been highly anticipated by industry watchers makes it official that Samsung will switch from the current liquid crystal display-focused display technology to self-emissive quantum dot technology for large-size displays. President Moon Jae-in added weight
Oct. 10, 2019
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Tax agency slaps W1b in taxes on 7 YouTube content creators
South Korea's tax agency has slapped a combined 1 billion won ($833,000) in taxes on seven YouTube content creators in the first known crackdown on tax evasion by such people, a ruling party lawmaker said Thursday.Citing monthslong probes by the National Tax Service, Kim Chung-woo, a lawmaker of the ruling Democratic Party, said the content creators earned a combined 4.5 billion won, but they did not report their income to the tax agency. It is the first time that the income of highly paid YouTu
Oct. 10, 2019
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[Graphic News] Foreign patient arrivals up 18% in 2018
The number of foreigners visiting South Korea for medical treatment shot up 18 percent last year, government data showed. In a report to the National Assembly, the Korea Health Industry Development Institute said over 378,900 foreign nationals arrived here for treatment last year, up from around 321,500 in 2017. The institute said that of them, the number of Japanese who visted for medical purposes surged 56 percent to 42,500 in 2018 from just under 27,300 the previous year. (Yonhap)
Oct. 9, 2019
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Naver, Kakao seek to woo consumers with service upgrades
South Korean internet giants Naver and Kakao are seeking to attract more subscribers with service upgrades reflecting the rapid changes in online behavior. The country’s biggest search engine Naver said Tuesday it will overhaul the company’s platform to provide relevant information via social influencers. The “influence search service” is scheduled to be released by December with a trial service for beauty and travel searches. Kakao, operator of the country’s t
Oct. 9, 2019
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Naver introduces social media influencer search function
South Korea’s internet giant Naver unveiled on Tuesday a social media “influencer research” function as part of its efforts to provide a creator-friendly platform and technology. The new search function will be launched as a beta version with a focus in beauty and travel sectors at the end of this year, Naver CEO Han Seong-sook said during Naver Connect 2020, an annual event that shares the company’s focus and strategy for the next year. Influencers, referring to individu
Oct. 8, 2019
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Samsung hints at recovery in demand for memory chips, forecasts robust Q3 earnings
Samsung Electronics on Tuesday hinted at a recovery in the memory chip market, as it released its preliminary guidance for third-quarter earnings. Vice Chairman and CEO Kim Ki-nam said he foresees various signs that a recovery in the memory chip market is around the corner. “There are various signals related to the market recovery,” the chief of Samsung’s semiconductors division told The Korea Herald as he arrived at Coex in southern Seoul to attend the Korea Electronics Show 2
Oct. 8, 2019
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LG Electronics reports largest-ever 3Q sales
LG Electronics said Monday it posted its largest-ever third-quarter sales this year, as it released its preliminary guidance for its third-quarter earnings. LG is forecast to post 15.69 trillion won in sales and 781.1 billion won in operating profit for the period between July and September, the company said. The sales and operating profit both are expected to increase 1.8 percent and 4.3 percent, respectively, from the same period last year. The third-quarter sales marked the greatest amo
Oct. 7, 2019
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Samsung to fund W33b for research on future tech
Samsung Electronics said Monday it will dole out 33 billion won ($27.6 million) for academic research projects on future technologies in the fields of basic science, materials and information communications technology. The South Korean tech giant will support 26 research projects, including seven in basic science, 10 in material technology and nine related to ICT. In basic science, Samsung will offer funds for discovering treatments for brain tumors and theorization for quantum optics, it said.I
Oct. 7, 2019
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Nuclear plant operator remains vulnerable to cyberattack: lawmaker
Cyberattacks targeting South Korea’s nuclear plant operators have occurred constantly over the past decade, with the number of hacking attempts during the period reaching more than 1,300, a lawmaker said Monday. According to Rep. Shin Yong-hyeon from the minor Bareunmirae Party, there have been 1,366 hacking attempts against Korea Hydro & Nuclear Power since 2012. KHNP is the country’s largest electric power company, managing nuclear and hydro plants across the country. By cat
Oct. 7, 2019
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[Graphic News] Dementia cost Koreans more than W2tr last year
As the population ages, the number of South Koreans with dementia has soared in recent years and so have associated costs, data showed. In 2018, dementia-related medical spending exceeded the 2 trillion won ($1.67 billion) threshold for the first time. According to the data provided by the Ministry of Health and Welfare to Rep. Kim Kwang-soo, the number of people diagnosed with various forms of neurodegenerative disease rose from 416,309 in 2014 to 547,700 in 2016 and hit 712,386 last year. Du
Oct. 6, 2019
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LG Display sheds one-quarter of executives
LG Display, the world’s largest organic light-emitting diode panel provider, said Friday the company has shed nearly one quarter of its executives as part of an organizational restructuring to normalize financial capabilities. The panel manufacturer has cut the number of executives above the team leader level by 25 percent by incorporating overlapping departments and simplifying the organizational structure, it said. In order to speed up its change in portfolio from an LCD-focused lineup t
Oct. 4, 2019
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LG Chem reviewing 2nd EV battery plant in US with GM: report
LG Chem, South Korea’s leading lithium-ion battery maker, might build a new plant to manufacture electric vehicle battery cells in the United States with its longtime partner General Motors, according to news reports Friday. Rumors have been circulating here since the Wall Street Journal reported that GM had offered a deal to the striking United Automobile Workers, which would entail the construction of a new battery cell plant in Lordstown, Ohio. The deal was reportedly made to assua
Oct. 4, 2019
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LG Electronics’ rollable TV receives award at Japanese design competition
LG Electronics said Friday that its rollable organic light-emitting diode TV was granted an award as one of best 100 design product in Japan. The LG Signature OLED R, the world’s first rollable TV unveiled by LG at CES2019 in January, was the only product by a Korean company that was named the Best 100 products at Japan’s Good Design Award 2019. Other than the rollable TV, LG’s 8K TV, air conditioner and refrigerator in the Signature lineup received awards. “The dev
Oct. 4, 2019
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Samsung’s Q3 earnings likely to surpass W7tr
Samsung Electronics’ third-quarter earnings are in the limelight amid emerging signs of a recovery in demand for memory chips, according to industry sources Thursday. The South Korean tech giant is scheduled to announce its preliminary earnings guidance next week. Market analysts forecast it has posted an operating profit of over 7 trillion won ($5.8 billion) in the July-September period. Shinhan Financial Investment predicted in a report that the tech giant will post 60.64 trillion won in
Oct. 3, 2019