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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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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Endocrine-disrupting chemicals found in children’s products
About 130,000 children’s products were found to contain endocrine disruptors during customs clearance procedures, a Korea Customs Service report showed Friday.KCS and the Korean Agency for Technology and Standards jointly performed a safety evaluation on children’s products for two months starting in March, ahead of the May 5 Children’s Day. (Korea Customs Service)Endocrine disruptors were detected in children’s products, containing 14 to 220 times more phthalate-based plasticizers than allowed.
May 3, 2019
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Kono launches smart LED stick utilizing IoT tech
South Korean firm Kono, known for a commemorative watch used by the Blue House, said Friday it will be launching a smart LED stick that utilizes internet of things technology. Kono, originally a maker of watches and jewelry, is now expanding into IoT-based products, and the new LED stick is designed to reflect a user’s lifestyle, responding to sound sources at concert venues or hiking conditions to prevent accidents. The product, which will be released under the brand Mangosteen Swing, requires
May 3, 2019
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Samsung’s Montreal AI Lab kick-starts research on system chips
After announcing a 133 trillion won ($114 billion) investment in research and development of non-memory semiconductors last week, Samsung Electronics said Thursday its artificial intelligence research institute in Montreal, Canada, has been expanded to support the company’s drive for system chips.The company said the Samsung Advanced Institute of Technology’s AI Lab in Montreal has been incorporated into the Montreal Institute for Learning Algorithms by recently moving into Mila's building. Foun
May 2, 2019
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Plug and Play eyes launch in Korea by 2020
Silicon Valley-based startup accelerator Plug and Play Tech Center plans to launch operations in South Korea by the first half of 2020, according to company officals.Despite the rapid growth in Korea’s startup ecosystem, Plug and Play, which is widening its presence in Asia -- with offices in China’s eight cities including Beijing and Shanghai, as well as Tokyo, Jakarta and Singapore -- has not yet started an office here.“(Plug and Play Tech Center) is preparing to launch in Korea between the fo
May 2, 2019
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Experts caution against trend to pathologize gaming
Although addiction to gaming should be categorized as a mental health issue according to the new guidelines of the World Health Organization, debate has persisted on how to draw the line on addiction, and whether existing regulations to mitigate such risks are appropriate.Researchers gathered at the Game Science Forum in Seoul on Monday to explore the implications of gaming disorder being highlighted in the context of public health at a forum on gaming and science, where participants cautioned a
May 1, 2019
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Free Wi-Fi to be available on city buses nationwide
Free Wi-Fi services will be available on 4,200 public city buses nationwide, the Ministry of Science and ICT announced Wednesday.In an effort to improve information accessibility and reduce telecommunication costs, the ministry will provide 100 gigabytes of data per bus every month for public use. Buses with Wi-Fi services will have a ministry-issued sticker attached for easy recognition. Ministry-issued sticker (MSIP)Public Wi-Fi services are available at some 13,000 designated areas across the
May 1, 2019
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LG Electronics Q1 net profit down 21% on lackluster mobile biz
LG Electronics said Tuesday its first-quarter net profit dropped 20.8 percent from a year earlier as its money-losing smartphone business clouded robust revenue from its home appliance division. The South Korean electronics maker said it posted 578 billion won (US$495 million) in net profit in the January-March period, compared with 730 billion won a year earlier.Timothy Alessi (left), a US product marketing team leader, and David Vanderwaal, a US marketing division leader, present LG Electronic
April 30, 2019
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Samsung expects better second half after reporting weak Q1 results on chips
Samsung Electronics on Tuesday cautiously expected an uptick in chip demand for high-value products and mobile devices in the second half of the year, after delivering a 60 percent drop in its first-quarter earnings on weak memory chip prices.The South Korean tech giant posted a net profit of 5.04 trillion won (US$4.3 billion) in the January-March period, the lowest since the third quarter of 2016, its regulatory filing showed. Its operating profit dropped 60.1 percent on-year to 6.2 trillion wo
April 30, 2019
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[Non-memory Korea: 5] ‘Policy focuses on stronger links among fabless, design houses, foundry businesses’
The latest set of policy measures to boost the non-memory chip industry focuses on fortifying the relationships between firms in different areas of the industry to help them collaborate on development and production, Korea Semiconductor Industry Association Vice Chairman Nam Ki-man told The Korea Herald. “Compared to the past policies announced in 2010 and 2015, the latest package has its focus on strengthening the links among the different segments of the system chip industry,” Nam said, refer
April 30, 2019
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Samsung showcases first vertical TV to target millennials
To meet the needs of millennials who are more familiar with smartphones than the traditional television screens, Samsung Electronics on Monday showcased its first vertical TV model as part of its lifestyle lineup. Dubbed “The Sero,” meaning vertical in Korean, the TV features a 43-inch quantum-dot light-emitting diode screen that can also be turned around for a normal horizontal screen. While the vertical form is more suitable for consuming mobile contents by mirroring a user’s smartphone for mo
April 29, 2019
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5G smartphone chip about twice as expensive as 4G: JP Morgan
US investment bank JP Morgan has estimated that the price of chips for 5G-powered smartphones would be twice as much as those for 4G-based handsets, a Seoul-based research institute said Monday. According to the Institute for Information and Communication Technology Promotion, JP Morgan said in its 2018 report that the average price of various chips powering 5G handsets would be about 1.85 higher than for smartphones using the 4G Long-Term Evolution network.Titled “5g Smartphone: The Next Big Th
April 29, 2019
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SK Broadband offers TV home schooling service for kids
SK Broadband, the No. 1 internet protocol TV service provider, is diversifying its content platform by offering dynamic interactive academic programs for toddlers as well as older children.Aiming to become a lifestyle service provider, the home broadband network company has enhanced its lineup of kids’ content with a TV-based home schooling program titled Play Songs Home.In partnership with music therapists and with local kindergarten operator Play Songs, SK Broadband developed the musical progr
April 28, 2019
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Samsung SDI learns about innovation from Busan-based fish cake firm
Samsung SDI, one of the nation’s largest battery maker, sought to learn from a local fish-cake maker based in Busan, in an effort to innovate its operation and business strategies.Executives and employees of the battery firm looked at the example of family-run fish-cake maker Samjin Eomuk, which has survived financial difficulties and achieved market success by changing its strategy from business-to-business to business-to-customer.Samjin Eomuk was a small supplier of filleted fish on the brink
April 28, 2019
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S. Korea to spend 300 bln won to develop midsized next-generation satellites
South Korea will spend 300 billion won ($264 million) on developing three medium-sized next-generation satellites to improve the country's knowledge of space science and permit better management of agricultural resources and the environment, the science ministry said Sunday.The 2019-2025 plan approved by the National Space Committee calls for the private sector, with the support of the government, to place locally built, high performance satellites weighing around 500 kilograms into Earth's orbi
April 28, 2019
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Galaxy S10 5G priced higher in US than in Korea
Samsung’s first 5G-powered smartphone is expected to carry a higher price tag in the United States than in South Korea. US mobile carrier Verizon said Thursday that it had begun preorders for the Samsung Galaxy S10 5G, which will hit Verizon stores May 16. The 256 GB option costs $1,300 and the 512 GB option is $1,400. But in Korea, where the model became available April 5 after the rollout of 5G commercial services here, the 256 GB model costs about 1.39 million won ($1,205), with the 512 GB
April 26, 2019
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After boom, Korean chipmakers face disappointing Q1 earnings
The first-quarter earnings report released Thursday by SK hynix brought to light the worse-than-expected situation of South Korea’s memory chipmakers and the resulting impact on the country’s export-driven economy. SK hynix reported in its regulatory filing that it had achieved 6.77 trillion won ($5.83 billion) in sales and 1.36 trillion won in operating profit during the January to March period -- plunges of 22 percent and 69 percent year-on-year, respectively. On-year, the company saw 30 perce
April 25, 2019
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Naver’s Q1 operating profit falls nearly 20 percent
South Korean internet giant Naver announced Thursday its operating profit fell nearly 20 percent in the first quarter from a year earlier, as the company has witnessed worsened profitability following aggressive investment in new business overseas. In its quarterly earnings report, Naver said its operating profit reached 206.2 billion won ($177 million) in the January-March period. During the same period last year, operating profit was 257 billion won. The tech company’s reduced operating pro
April 25, 2019
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Yonsei University unveils plan with Samsung to nurture talent
A South Korean university is launching a new department in cooperation with Samsung Electronics to nurture future talent in the field of system chips. Yonsei University said Thursday it would open a system chip engineering department starting from the class of 2021, in partnership with Samsung Electronics. The undergraduate program, funded by South Korea’s biggest chipmaker, is designed to educate future talent under the condition that all students will be hired by the company as soon as they gr
April 25, 2019
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Netflix decides against cheaper subscription in Korea
Global streaming service Netflix said Wednesday it has concluded its trial of mobile-only subscription plans for South Koreans users, signaling it will not roll out the pricing scheme that is cheaper than current membership plans. “The tests have concluded,” Netflix said in a statement sent to the The Korea Herald. “These tests we conduct may not get rolled out as member plans. Netflix will continue its efforts to provide the best entertainment experience for its members.” Netflix said last wee
April 24, 2019
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KMS given Presidential Award for fire-extinguishing IoT system
KMS, which specializes in internet of things solutions for fire safety and prevention, received the Presidential Award for its automatic fire-extinguishing system at the 11th Industrial Safety Awards this year, the venture company said Wednesday. (KMS)NAGA Fireguard is an IoT-based automatic fire-extinguishing sensor that allows real-time monitoring and prevention of fire. Installed in places that are often difficult to reach or dangerous, such as underground communal areas or high-voltage elect
April 24, 2019