Most Popular
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[KH Explains] Why Korea's so tough on short selling
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Iran’s president found dead at helicopter crash site
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‘Kim desperately wanted to denuclearize,’ Moon writes in memoirs
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Actors involved in past controversies return first via streaming service originals
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Seoul rolls out W250b package in bid to lure foreign talent
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N. Korea slams US subcritical nuclear test, vows measures to bolster nuclear deterrence
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Korea's increasing US investment mutually beneficial: report
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Korea set to finalize medical school expansion plans
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Seoul City to open 'hotel' on river bridge
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Korean builders nervous about possible setbacks in Middle East
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Chip expert Choi Ki-young nominated to lead ICT Ministry
President Moon Jae-in conducted a major Cabinet reshuffle on Friday, nominating Choi Ki-young to lead the Ministry of Science and ICT.Choi, currently a professor in the Department of Electrical and Computer Engineering at Seoul National University, is dubbed an expert in the fields of artificial intelligence and semiconductors. He has a bachelor’s degree in SNU, master’s from Korea Advanced Institute of Science and Technology, and a doctorate from Stanford University.Within the field
Aug. 9, 2019
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Kakao’s operating profit surges 47% in Q2
South Korea’s largest mobile messenger app operator Kakao said Thursday its second-quarter operating profit surged 47 percent on-year, as it benefited from new businesses and contents. The company’s operating profit reached 40.5 billion won ($33.4 million) in the April-June period on a consolidated basis, compared to 27.7 billion won a year earlier.As its sales rose 25 percent on-year to reach 733 billion won, Kakao attributed the latest outcome to increased profit from its messenger
Aug. 8, 2019
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Number of 5G subscribers in S. Korea surpasses 2 million
Four months after South Korea commercially launched the fifth-generation cellular network, the number of 5G subscribers here has surpassed 2 million as of this week, amid growing competition among major mobile carriers. According to industry data, the country’s three major carriers -- SK Telecom, KT, and LG Uplus -- reached combined subscribers of 2.01 million Tuesday, about two months after they topped the 1 million threshold in June. Growth is expected to further accelerate when
Aug. 8, 2019
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Samsung unveils largest-ever Note 10 with most compact version
Samsung Electronics unveiled two models of the 10th anniversary edition of its flagship premium Galaxy Note smartphone Wednesday, featuring a magic stick-like S Pen that is much more detachable from the main device. Along with the enhanced S Pen with remote control technology, the South Korean tech giant for the first time, offered two size choices for the smartphone model during its Unpacked event at Barclays Center in New York, the US, which was attended by around 4,000 media and industry offi
Aug. 8, 2019
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79-year-old with artificial heart reaches 1,000-day milestone
A woman, 79, who received a partial artificial heart transplant has lived for over 1,000 days since surgery, Samsung Medical Center said Wednesday.The patient was fitted with the then-latest third-generation left ventricular assist device in September 2016. This is the longest a patient has lived with a third-generation heart assist device in South Korea, according to the hospital.The hospital’s heart failure/transplantation team, which performed the surgery, said the patient was healthy a
Aug. 7, 2019
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[Graphic News] Cigarette sales down 0.6% in H1
Sales of cigarettes in South Korea edged down 0.6 percent in the first half of 2019 from a year prior, data showed, amid an anti-smoking campaign and higher prices. South Korean smokers purchased 1.67 billion 20-cigarette packs in the January-June period, compared to 1.68 billion packs in the same period last year, according to data compiled by the Ministry of Economy and Finance. The figures represent a 17.8 percent drop from the first half of 2014. (Yonhap)
Aug. 6, 2019
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Major corporate groups on high alert against Japan impact
South Korea’s major corporate groups are tightening their supervision of key businesses as they brace for repercussions from the possible expansion of Japan’s trade curbs, according to industry sources Tuesday.Samsung Electronics’ de facto leader Vice Chairman Lee Jae-yong visited the company’s semiconductor packaging plant located in Onyang, South Chungcheong Province, to check out the chipmaking operations. He held a meeting with the top executives of the chipmaking, TV
Aug. 6, 2019
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Future Class Network hopes to cultivate entrepreneurship among youth
[THE INVESTOR] For many students in South Korea, acing tests at school and going to prestigious universities remain the primary goals. Students and parents still tend to believe academic qualifications ensure success in the form of jobs, income and future relationships.In an effort to send as many of their students as possible to top-tier colleges and universities, high schools also focus on preparing students for the national college entrance exam. But according to Jung Chan-pil, secretary-gene
Aug. 5, 2019
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[Herald Interview] Whynot Media CEO talks about origin, appeal of web dramas
The rise of YouTube in Korea poses a dilemma for content houses.The platform lowers the entry barrier for producers, spurring competition and interest, but also allows hobbyists to vie with professional productions."We are living in an era where a 9-year-old kid can generate and distribute online content and make a business out of it,” Lee Min-seok, co-founder and CEO of web content production startup Whynot Media, said in an interview with The Investor.“The question is what con
Aug. 5, 2019
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KAIST launches technical advisory group for SMEs amid Japan’s trade curbs
Korea Advanced Institute of Science and Technology, one of the nation’s leading research universities, launched an advisory board consisting of its technicians to support companies amid trade tension with Japan.KAIST Advisors on Materials & Parts officially kicked off Monday, following Japan’s decision to remove South Korea from its whitelist of preferred trade partners last week. The advisory group consists of more than 100 incumbent and honorary professors of the institute
Aug. 5, 2019
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Tech firms expand mobile payment services offline
Seeking to introduce a series of advanced mobile payment services targeting the offline market this year, tech companies are up for heated competition over the smartphone-based payment market here.Dominant Korean internet portal Naver said last month that it would soon launch a mobile payment system available at local stores and restaurants. Combined with its incumbent Naver Pay mobile payment platform, offline service “Table Order” is expected to launch in the third quarter of this
Aug. 4, 2019
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Korean firms brace for worse situation after Japan’s delisting
The top-tier tech companies in South Korea, including Samsung Electronics and SK hynix, have their hearts in the mouth after Japan voted Friday to remove the country from its whitelist of countries that enjoy preferential trade treatment.The semiconductor industry sees the current situation as an “unprecedented emergency” that could directly hit productivity, especially now during a market downturn. “The delisting decision is making matters even worse for the chipmaking industr
Aug. 2, 2019
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SE Asia brims with opportunities for startups: WeWork Labs chief
Region is fast becoming Asian hub for startups based on advanced technologies[THE INVESTOR] BANGKOK -- Southeast Asian countries such as Thailand and Vietnam are well-known tourist destinations. What is not so evident is how fast they are transforming into startup hubs, implementing a range of support measures and adopting advanced technologies like smartphones and artificial intelligence.The likes of startup unicorns Grab and Gojek are prime examples of the exponential growth of the ecosystem i
Aug. 1, 2019
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Samsung Galaxy Tab S6 features first gesture-controlled S Pen
Samsung Electronics on Thursday unveiled its first table PC Galaxy Tab S6 that can be controlled by hand gestures.The sixth edition of Galaxy Tab features remote control functionality enabled by Samsung’s signature S Pen.S Pen has built-in Bluetooth Low Energy remote control technology that allows users to take selfies and videos and control multimedia without actually touching the device. A 10-minute-long wireless charge lasts 10 hours. Other features include converting handwritten notes
Aug. 1, 2019
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LG CNS to introduce AI-based X ray analysis system for public health center
South Korean information technology firm LG CNS said Thursday it will install an artificial intelligence-based X-ray analysis system at a local public health center to offer patients speedier medical assessments. Starting from late September, the AI-based X-ray assessment will be brought to a public medical facility in the Eunpyeong district of Seoul. The system is expected to help doctors and patients receive accurate X-ray images within 20 seconds, LG CNS added. According to the IT solution
Aug. 1, 2019
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[News Focus] Amid intensifying market volatility, Samsung to face more uncertainties in H2
Samsung Electronics’ operating profits halved in the second quarter on weak chip prices and poor mobile sales, but it is expected to face even more challenges in the second half of the year due to increased uncertainties over trade disputes and the nearing trial to determine the fate of its de facto leader. The South Korean IT giant’s sales slid 4 percent to 56.1 trillion won ($47.4 billion), but its operating profits plunged 55.6 percent on-year to 6.59 trillion won over lower memor
July 31, 2019
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[Herald Interview] For blockchain business success, S. Korea firms should open up more to ‘outsiders’
Ranging from internet companies to manufacturing-focused conglomerates, Korean companies have been rolling out series of blockchain-based business plans. The country’s two leading online service providers, Naver and Kakao, have launched their own blockchain ledgers and digital currencies. Samsung Electronics has introduced a blockchain-powered wallet, where users can store cryptocurrencies to purchase apps at its flagship Galaxy S10 phones. But, in the eyes of Korea&rs
July 30, 2019
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Number of Koreans accessing darknet surges: report
The number of South Koreans accessing the darknet, a network of encrypted websites that cannot be accessed through search engines, has tripled in 2 1/2 years. Statistics released by Tor Metrics on Monday showed that the average of 5,156 South Korean users per day accessed the darknet at the end of 2016. The figure had jumped to 15,951 users as of July this year. The number of global darknet users nearly doubled from 151,794 to 290,955 during the same period. Tor Metrics is a website evaluating a
July 30, 2019
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Global chipmakers spur investments while Samsung suffers
While production of high-computing chips at Samsung Electronics, the world’s top memory chip business, is expected to suffer in the wake of a trade dispute between South Korea and Japan, other global chipmakers are aggressively expanding investments to spur production, according to the industry on Monday. TSMC, the world’s third-biggest chipmaker based in Taiwan, has announced a plan to hire more than 3,000 engineers by the end of this year, along with plans to invest in new extreme
July 29, 2019
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[News Focus] Will Samsung cut memory chip production?
With SK hynix making a painful decision to cut production of memory chips Thursday, all eyes are on whether Samsung Electronics -- the world’s No. 1 DRAM producer with a market share of over 40 percent -- will follow suit. Samsung has denied it plans to cut production, but market analysts say the chip giant will slowly reduce its output of memory chips. This may sound negative to Samsung’s operations, but cutting down production would help shore up sagging prices in the memory segmen
July 26, 2019