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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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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Samsung further slashes mobile business in China, shifts to India
Samsung Electronics will further downsize its ailing smartphone business in China while seeking to expand growth in India, according to the industry on Wednesday. The world’s top smartphone vendor is reducing the workforce of its only mobile device factory in Huizhou, Guangdong province, reported Chinese English-language media outlet Caixin.The size of the reduction has not been confirmed, though the Chinese report said layoffs are being carried out on a voluntary basis, with employee
June 5, 2019
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SKT teams up with Sinclair on 5G broadcasting in US
JEJU ISLAND -- A friendly match between US soccer teams was broadcast live on 12-inch screens installed into every seat of a shiny white sport utility vehicle cruising the streets of Korea’s southern Jeju Island. Broadcast from multiple angles in the stadium, the sporting event was punctuated by personalized TV commercials, streaming different content tailored to each passenger depending on their interests as preregistered with the car. The futuristic scene was the latest effort by SK Tele
June 4, 2019
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Samsung expands into GPU market with AMD
A new technology partnership has been formed between South Korea’s Samsung Electronics and the United States’ AMD on low-power and high-performance mobile graphics, according to the companies Tuesday. Under the multiyear partnership, Samsung Electronics will license AMD’s graphics intellectual property, based on the recently announced, highly-scalable Radeon graphics architecture, for use in its mobile devices including smartphones. Samsung will pay AMD license fees and royalti
June 4, 2019
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Samsung starts 6G network research at new center
Samsung Electronics said Tuesday it has embarked on initial research on the sixth-generation telecommunications network by launching a new research center. Samsung recently formed the Advanced Communications Research Center under Samsung Research, the company’s main R&D organization, based in southern Seoul. The tech giant has expanded the existing telecommunications research team to the level of a center after the launch of fifth-generation technologies. “The current team
June 4, 2019
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Samsung CEO says Galaxy Home to be launched in Q3
Samsung Electronics’ Consumer Electronics CEO Kim Hyun-suk said Tuesday that the company will launch the Galaxy Home speaker in the third quarter of this year. “The Galaxy Home speaker, which will be the center of Samsung’s home appliances, is planned to be launched in mid-second half of the year,” Kim told The Korea Herald in response to a question. Kim answered the question after a press conference held to unveil Samsung’s new lifestyle-focused vision for consumer
June 4, 2019
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South Korea’s websites ‘unfriendly’ to people with disabilities: survey
Most South Korean websites have designs that are too complicated for disabled people to navigate, a government study showed Monday, despite mounting calls for the government and companies to ensure equal access to internet use. According to research by the Ministry of Science and ICT on 1,000 websites operated by private entities in 2018, about 75 percent of them failed to meet the government’s standards for web accessibility. The standards aim to remove barriers for disabled people whe
June 3, 2019
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[News Focus] Samsung viewing current situation as ‘new crisis’
Understanding the latest circumstances as a “new crisis” phase for Samsung Electronics, the top conglomerate in Korea appears to be seeking measures to tackle a series of challenges looming large over the tech giant, according to industry sources Monday. The sense of urgency within Samsung has been felt across the business community, as recent remarks made by Vice Chairman and heir apparent Lee Jae-yong went public. On Saturday, Lee appeared in the lobby of Samsung’s semiconduc
June 3, 2019
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Samsung to focus on its core amid rising uncertainties
Sometimes, in the world of business, the best defense is a good offense, and it seems like Samsung Electronics Vice Chairman Lee Jae-yong wanted to share this message with a handful of key figures at the South Korean tech giant to fend off rising challenges to its business. Lee held a meeting with five heads of Samsung’s major divisions over the weekend to discuss its business strategy amid a weak memory chip market and intensifying trade conflict between the United States and China.
June 3, 2019
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Kakao, Netmarble, 3 others submit final bid for Nexon: sources
Kakao Corp., Netmarble Corp., and three private equity firms submitted final bids for the parent of South Korean gaming firm Nexon, in possibly one of the biggest gaming deals worldwide, financial sources said Sunday. In an auction that closed on May 31, mobile messaging app Kakao, Korea's No. 2 game company Netmarble and private equity firms KKR & Co., Bain Capital and MBK Partners submitted final bids to acquire a 98.64 percent stake in Nexon's holding compan
June 2, 2019
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Animation most popular content online: survey
With an increasing number of people seeking to capitalize on YouTube and other streaming services as a lucrative business model, animation was found to be the most popular content among South Korean subscribers, an industry survey showed Sunday. According to local entertainment company CJ E&M, which analyzed its 1,400 affiliated streaming channels, those featuring animation content attracted the largest numbers of subscribers in April, about 1.19 million. Content targeting children
June 2, 2019
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KT unveils biz roadmap for 5G-powered smart factories
South Korea’s major mobile carrier KT on Thursday pledged to expand its network business with local corporations, with a focus on incorporating the 5G cellular network into manufacturing processes. During a press conference in downtown Seoul, KT said it would encourage local companies to adopt the 5G network in their factories and take advantage of smart factory solutions. The company vowed to expand its 5G business beyond commercial services for general consumers and to focus on sma
May 30, 2019
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Huawei holds 5G lab launch event in Seoul with minimal fanfare
Chinese tech giant Huawei’s event to promote its fifth-generation cellular network to South Korean customers this week remained low-key, with participation centered around smaller companies. Huawei on Thursday held the celebration for the launch of its world’s first 5G open lab in Junggu, central Seoul. The company had decided to proceed with the ceremony despite the US pressure on its business in South Korea. While SK Telecom and KT said they did not send
May 30, 2019
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USITC decides to open probe amid fierce rivalry among Korean battery makers
The United States International Trade Commission on Thursday announced its decision to institute an investigation into a complaint filed by South Korea’s LG Chem against its domestic rival SK Innovation over alleged misappropriation of trade secrets involving lithium-ion battery technologies. The decision highlights the rivalry among three Korean battery makers, including Samsung SDI. Competition has grown fiercer in the past couple of years, as the global electric vehicle market is set to
May 30, 2019
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LG starts producing washers at Tennessee plant to minimize US tariff impact
LG Electronics said Thursday it has completed its new plant for washing machines in Tennessee, the United States, and will start producing 1.2 million washers annually for the American market.The South Korean electronics manufacturer held a ceremony to mark the completion in Clarksville, Tennessee, attended by US Rep. Mark Green, State Gov. Bill Lee, Montgomery County Mayor Jim Durrett, Clarksville City Mayor Joe Pitts and other Korean government officials. LG will move forward to December full
May 30, 2019
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LG V50 ThinQ leads Korea’s 5G smartphone market
LG Electronics’ V50 ThinQ is leading the 5G smartphone market in South Korea with high popularity for the dual screen phone’s powerful multimedia features, the company said Wednesday.An initial volume of 100,000 V50 ThinQ phones were sold out since the device’s launch on May 10, and sales are continuing to rise, it said.Instead of a foldable screen smartphone, LG chose to offer a flip-cover dual display form factor for more powerful multimedia experiences on the high-speed netw
May 29, 2019
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Moblie carriers turn to K-pop idols to boost 5G popularity
As South Korea’s mobile carriers focus on expanding the commercial use of 5G cellular network services since their launch last month, K-pop idols have emerged as an attractive draw to boost the popularity of 5G among consumers. SK Telecom, KT and LG Uplus are introducing various services that allow subscribers to enjoy K-pop in an optimal environment by combining virtual reality technology with the hyperspeed network in a way that totally transforms the experience. Given the growing appe
May 29, 2019
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Huawei says it will keep 5G event in Seoul low profile amid controversy
With confrontation between the Trump administration and Huawei showing no signs of abating, the Chinese tech giant has pledged to go ahead with its plan to celebrate the launch of a fifth-generation network research center in Seoul on Thursday. According to Huawei Korea on Tuesday, the company will hold an opening ceremony for the research center as scheduled. The event is expected to take place at Huawei Korea’s headquarters in Jung-gu, central Seoul. But the company said it would keep
May 28, 2019
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Samsung Galaxy Fold launch likely to be delayed again
Samsung Electronics seems to be taking more time than expected to fix flaws in the main display of its first foldable smartphone Galaxy Fold, according to industry sources Tuesday. It has been more than one month since the South Korean tech giant officially announced the postponement of the foldable device’s launch in the United States, but it keeps maintaining that a new schedule will be announced in “coming weeks.” Some telecom officials say that the launch is likely to take
May 28, 2019
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Bitcoin extends rally amid economic uncertainties, entry of tech firms
As Bitcoin continued to extend its rally in South Korea with the price topping 10 million won ($8,400) for the first time since last year, analysts are scrambling to figure out what caused the world’s biggest cryptocurrency to suddenly recover. According to Seoul-based cryptocurrency exchange Upbit, Bitcoin was priced at 10.4 million won per coin as of 2 p.m. on Tuesday. The figure was 0.3 percent up from the previous day when it recovered to the 10-million-won range for the first
May 28, 2019
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Samsung SDS signs strategic partnership with Vietnamese firm
Samsung SDS announced Sunday its strategic investment in Vietnamese information technology services company CMC. The IT unit of South Korea’s major conglomerate group signed a principle agreement that allows it to make major decisions in CMC’s management. CMC specializes in system integration, software development, cloud computing and IT infrastructure management. It has previously worked with Samsung SDS for smart factories and cybersecurity.Samsung SDS said it will be a strat
May 27, 2019