Most Popular
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[Grace Kao] American racism against Stray Kids
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
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Jennie, Stray Kids's Met Gala attendance puts them on 'digital guillotine' blacklist
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Controversy brews over shakeup of prosecutors amid probe of first lady
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OpenAI gives ChatGPT new powers to see, hear
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Another suspect behind murder of Korean tourist in Pattaya arrested in Cambodia
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[KH Explains] Naver’s Line dilemma: Lose global footing for cash?
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S. Korea to inject $70m into AI-powered public education
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[Herald Interview] Carbon breakthrough in Korea: Making diamonds at atmospheric pressure
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Korean industries gauge impact of Biden's steep tariffs on China
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SK hynix chief vows to strengthen fundamentals, raise chip yield rate
Amid concerns growing over slowing demand for memory chips, SK hynix CEO Lee Seok-hee said Friday he would focus on strengthening the chipmaker’s fundamental competitiveness and improving the chip yield rate to cut production costs. “After an unprecedented boom for the past two years, we are expecting to face growing uncertainties in the global economy and slowing demand for memory chips,” the CEO told reporters after an annual shareholders meeting held at its headquarter in Icheon, Gyeonggi Pro
March 22, 2019
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Twitter focuses on 'public conversation' in S. Korean society: CEO
Global online social networking service Twitter Inc. aims to make more people participate in "public conversation" in South Korea, the company's chief said Friday."We believe public conversation influences and drives society," CEO Jack Patrick Dorsey told reporters in Seoul, adding that the company is focusing on making the platform healthier. Jack Dorsey, co-founder and chief executive of Twitter, speaks during an event at a Seoul hotel on March 22, 2019, to celebrate the platform`s 13th annive
March 22, 2019
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Samsung to launch world’s first 5G smartphone on April 5
Samsung Electronics announced Friday it will start selling the Galaxy S10 5G from April 5, to become the world’s first to launch a device for the fifth-generation telecommunications network. The company said the Galaxy 5G model will be available at Samsung outlets and its online mall as well as at shops of mobile carriers in Korea. Models introduce Galaxy S10 5G at the MWC 2019 in February.The South Korean tech firm said it will not be taking preorders for the 5G model. Instead, it will run a p
March 21, 2019
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LG G8 ThinQ goes on sale in S. Korea on March 22
South Korean tech firm LG Electronics said on March 21 its new flagship smartphone, the G8 ThinQ, will officially go on sale in the domestic market this week. The G8 ThinQ is priced at 897,600 won ($796) and will hit store shelves on March 22, and be available in the North American and European markets in the coming weeks. The price is slightly less expensive than the Samsung Galaxy S10e, the “budget model” of the tech giant‘s latest flagship phone that is priced at 899,800 won. The G8 featur
March 21, 2019
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EU fines Google 1.49 bn euros for anti-trust breach
The EU's powerful anti-trust regulator slapped tech giant Google with a new fine on Wednesday over unfair competition, in Europe's latest salvo against Silicon Valley. (Yonhap)"Today the commission has fined Google 1.49 billion euros ($1.69 billion) for illegal misuse of its dominant position in the market for the brokering of online search adverts," EU Competition Commissioner Margrethe Vestager said.In its third major decision against the search engine behemoth, Brussels sanctioned Google's Ad
March 20, 2019
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Samsung vows 5G and AI lead, shareholders lambast low stock price
In the first shareholders meeting Wednesday since a 50:1 stock split in May last year, Samsung’s chief executives vowed better performance with technological leads in 5G and artificial intelligence, while some shareholders strongly lambasted the constantly low share price.Some 1,000 shareholders attended the meeting held at the Seocho headquarters of the conglomerate, which was attended by Vice Chairman Kim Ki-nam, Kim Hyun-suk, chief of Samsung’s consumer electronics division, and Koh Dong-jin,
March 20, 2019
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Kakao expands into tourism industry after acquiring Tidesquare
South Korea’s leading mobile messenger operator, Kakao, is seeking to make inroads into the tourism industry after acquiring a local travel company. According to Kakao’s publicly filed 2018 financial audit report, it purchased a 28.9 percent stake in Tidesquare. The estimated value of the deal was 34.7 billion won ($30.7 million). Despite Kakao’s stake in Tidesquare being less than a majority, the travel company was listed as a subsidiary of Kakao. This is because the potential voting rights gra
March 20, 2019
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Market gloomy over chipmakers’ plummeting earnings forecasts
A series of estimate reports by local brokerage houses on South Korea’s two major chipmakers reignited market fears Tuesday, as they became more skeptical over their first-quarter earnings, citing falling memory chip prices due to market saturation. According to local market researcher FnGuide, the market consensus on Samsung Electronics’ operating profit came to 8.33 trillion won ($7.36 billion), a 47 percent decrease from the first three months last year. The quarterly estimate of SK hynix, th
March 19, 2019
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Analysts call on Korean panel makers to make faster shift to OLED
In response to Chinese panel makers’ latest moves to start producing large liquid crystal display panels, market analysts called on Korean display companies to speed up execution of their plans to switch existing LCD panel production lines to organic light-emitting diode panel lines at a conference held in Seoul on Tuesday. “In the long run, it is clear that LCD prices are going downhill -- with some quarterly ups and downs -- but Samsung Display and LG Display are still being cautious about shu
March 19, 2019
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Samsung passing test to hasten Korea’s 5G launch
With Samsung Electronics’ 5G-powered smartphone having acquired approval for commercial use from the state-run radio verification agency, expectation is high that South Korea is inching closer to soon offering commercial service for the next-generation wireless network. According to the National Radio Research Agency on Monday, Samsung’s Galaxy S10 5G smartphone passed the agency’s signal verification test. The result was posted on the agency’s website with Galaxy S10’s model number, SM-G977N.
March 19, 2019
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Ready, set, binge: LG looks to change course with M&As
LG Electronics CEO Jo Seong-jin recently conceded that as a newcomer in the mergers and acquisitions market in 2015, the firm had a tough time acquiring a stake in family-owned Austrian headlight maker ZKW Group. After years of negotiations, the tech giant and its holding firm LG Corp. were finally able to purchase shares worth 1.1 billion euros ($1.25 billion) in April 2018. It marked the largest acquisition in its 70-year history. Before that, it was focusing on research and development. (Hera
March 18, 2019
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Spotify poised to enter S. Korea
Sweden-based audio streaming platform Spotify is poised to enter the South Korean digital music market worth 1 trillion won ($880 billion), according to the Electronic Times on March 18. The local media report cited anonymous sources in the industry noting that the Swedish firm has initiated negotiations with copyright collectives to discuss the distribution rates of contents. Some Apple Korea employees have also already signed on to join Spotify Korea. “The demand for K-pop mu
March 18, 2019
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Samsung’s 2nd Pyeongtaek memory fab likely to start operation early next year
Samsung's first memory fab in Pyeongtaek (Samsung Electronics)Samsung Electronics appears to be gearing up for the operation of its second memory plant in Pyeongtaek, Gyeonggi Province, in March next year, in a move seen to maintain its leadership despite unfavorable market circumstances, according to industry sources and news reports Sunday. The tech giant has reportedly held meetings with entities involved with the Pyeongtaek project including the municipal office of the city to discuss the su
March 17, 2019
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Samsung says updates will improve fingerprint scanning on Galaxy S10
In response to complaints raised by some users of Galaxy S10 and S10+ models regarding its first in-display fingerprint scanner, Samsung Electronics said Thursday it will keep upgrading software to improve performance.Among early users of the latest Galaxy S10 and S10+ devices, some questioned the accuracy of the ultrasonic in-display fingerprint scanning function, a technology provided by Qualcomm, after about a week of use.Samsung has chosen the in-display fingerprint scanner over its iris aut
March 14, 2019
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Galaxy S10 shipments to be 20 million in H1
Samsung Electronics is expected to ship out a total of 20 million Galaxy S10 series phones within the first half of this year, industry sources said Wednesday. If they are correct, the series will achieve a slightly better showing than its predecessor.The 10th-anniversary Galaxy S10 phones, which went on sale throughout the world Friday, are expected to achieve sales targets of 10 million for the first quarter and another 10 million for the April-June period, according to Samsung’s parts supplie
March 13, 2019
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LG to kickoff preorders of G8 ThinQ featuring practical design aspects
A model promotes a LG G8 ThinQ model. (LG Electronics)Shunning the hype on unconventionally bendable fondable phones to be launched by rivals, LG Electronics is seeking to make a mark through practical innovations for its eight edition of G8 ThinQ series.The South Korean tech giant has announced that it will start preorders for its latest G series phone starting Friday at a retail price tag of 897,000 won ($791) here. It is slightly cheaper than rival Samsung Electronics’ Galaxy S10e model at 89
March 11, 2019
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Instagram to help K-pop expand globally: CEO
The global photo- and video-sharing platform Instagram aims to help South Korean culture, noticeably K-pop and esports, expand globally, the company's new chief said Monday."K-pop is much more than just music," CEO Adam Mosseri told reporters in Seoul, emphasizing the significance of the local market as an innovation powerhouse that leads trends around the world.The company said K-Pop has been one of the most popular and most buzzed-about musical genres on Instagram in the past four years. Indon
March 11, 2019
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[Feature] Age of AI anxiety: Will human translators survive automation?
In 2017, less than a year after a historic match between the Korean Go master Lee Se-dol and Google’s AlphaGo, human translators and machine translators were pitted against each other in a separate contest in South Korea. While the showdown ended in a victory for humans against translation engines developed by Google, Naver and Systran, many of the ensuing headlines highlighted the possibility that artificial intelligence might disrupt the translation industry.Translation often appears on lists
March 11, 2019
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[Graphic News] Foreign patients report satisfaction with S. Korean medical services
Foreigners visiting South Korea for medical treatment are largely satisfied with the services they receive, a poll showed. Foreign patients gave an average rating of 90.5 out of 100 for the level of care they received in 2018, with numbers generally climbing over the years, according to the Ministry of Health and Welfare. Patients from Russia gave the Korean health care industry the highest rating at 94.4, followed by those from the United States at 91.8 and those from China at 90.1, the latest
March 10, 2019
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Tech startup 42Maru eyes foreign market with deep learning solution
Korean tech startup 42Maru is moving to expand its presence in Britain, as part of efforts to spread what it calls the Question Answering system built on deep learning technology beyond the local market. The company, established in late 2015, said its QA system is being used not only for digital chatbots but also for the Smart Watch from broadband carrier LG U+ and smart speakers from telecom giant KT. 42Maru has 28 employees, including top search engine experts. It successfully completed the de
March 8, 2019