Most Popular
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[Weekender] Geeks have never been so chic in Korea
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[News Focus] Mystery deepens after hundreds of cat deaths in S. Korea
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NewJeans members submit petitions over court injunction in Hybe-Ador conflict
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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S. Korea's exports of instant noodles surpass $100m for 1st time in April: data
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[KH Explains] Why Korea's so tough on short selling
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Actors involved in past controversies return first via streaming service originals
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[Herald Interview] Byun Yo-han's 'unlikable' character is result of calculated acting
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US military commander in S. Korea during Gwangju uprising dies
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‘Kim desperately wanted to denuclearize,’ Moon writes in memoirs
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Samsung, LG likely to see contracted earnings in Q3
South Korean tech giants Samsung Electronics and LG are likely to see contracted earnings in the third quarter due to sluggish smartphone sales, market analysts said Monday. Local financial data provider FnGuide recently set the market consensus for Samsung Electronics’ operating profit for the July-September period at 7.6 trillion won ($6.8 billion). The figure is a more than 8 percent fall from the same period last year and 1 trillion won below market expectations before reports of the Galaxy
Sept. 26, 2016
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KT acquires online ad agency N Search Marketing
KT Corp., South Korea's largest broadband Internet operator, said Monday it has acquired the nation's top online advertising agency N Search Marketing Corp.The acquisition paves the way for KT to make inroads into the growing market for search-based ads.KT and its online ad affiliate Nasmedia Corp. purchased a 100 percent stake in N Search Marketing from the ad agency's parent company Hahn & Company for 60 billion won ($54.1 million).KT owns a 33.3 percent stake in N Search Marketing, while Nasm
Sept. 26, 2016
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LG Uplus partners with Ssangyong, Tech Mahindra for connected cars
South Korean telecom company LG Uplus on Monday said that it has partnered with Ssangyong Motor and Tech Mahindra, the internet technology unit of Indian automaker Mahindra & Mahindra, for the development of new connected car technologies. The three companies signed a memorandum of understanding in Seoul, agreeing to team up for the development of new platform technologies and network services for Ssangyong’s connected car business. L. Ravichandran, President & COO of Tech Mahindra (left); Yoon
Sept. 26, 2016
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More than half of Galaxy Note 7 owners get replacements in Korea
More than half of Galaxy Note 7 owners in South Korea have swapped their used phablets for new ones, six days after Samsung Electronics Co. began a replacement program as part of a global recall over battery problems, industry officials said Sunday. The number of Note 7 owners who have received replacements exceeded 200,000 as of Saturday, the officials said. About 429,000 Note 7s were said to have been sold in South Korea.Only 5 percent of Note 7 owners are said to have received a full refund,
Sept. 25, 2016
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LG Uplus sets sights on global expansion
Having proved his competence as a CEO at LG Display and chemical firm LG Chem’s battery business over the course of 10 years, Kwon Young-soo is aiming for similar success as chief executive of network carrier LG Uplus.The story of Kwon and Apple chief Tim Cook planting two apple trees together at LG Display’s manufacturing complex in 2010 to celebrate the partnership between the two companies shows his ability to establish amicable relationships with global business partners - a trait needed for
Sept. 25, 2016
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LG Chem aims to achieve W7tr in EV battery sales by 2020
South Korea’s battery and chemical company LG Chem said Sunday it set a goal of reaching 7 trillion won ($6.3 billion) in sales for electric vehicle batteries by 2020. The battery-maker also plans to start the construction of its EV plant in Poland this year, marking its third global presence after the US and China. “We aim to become the No. 1 electric car battery-maker by 2018 in terms of market position, technology and profitability by leading the EV market poised to grow,” said Lee Woong-beom
Sept. 25, 2016
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China begins reducing tariffs on 201 technology goods
China has begun reducing its tariffs on a range of technology goods imported from World Trade Organization members, South Korea's customs authorities confirmed Sunday. On Sept. 15, China started reducing import tariffs on 201 technology goods under the Information Technology Agreement of the WTO, according to the Korea Customs Service. China will eliminate import duties on the goods over the next three to seven years. The technology goods included TV cameras and set-top boxes for satellite TVs,
Sept. 25, 2016
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More than half of Galaxy Note 7 owners get replacements in Korea
More than half of Galaxy Note 7 owners in South Korea have swapped their used phablets for new ones, six days after Samsung Electronics Co. began a replacement program as part of a global recall over battery problems, industry officials said Sunday. The number of Note 7 owners who have received replacements exceeded 200,000 as of Saturday, the officials said. About 429,000 Note 7s were said to have been sold in South Korea.Only 5 percent of Note 7 owners are said to have received a full refund,
Sept. 25, 2016
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Battery problems persist in exchanged Samsung Galaxy Note 7
Samsung Electronics has been replacing its Galaxy Note 7 devices that have faulty batteries which might explode, but the new handset still has battery issues, according to a news report Friday. News channel YTN reported that a Galaxy Note 7 buyer, surnamed Choi, had received a new Note 7 through the tech firm’s recall program, which began on Sept. 19 in Korea. His new phone, however, had a battery that drained quickly, with its battery level dropping almost 1 percent every second. It also overhe
Sept. 23, 2016
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Samsung heir Lee Jae-yong ranks 18th on ‘Most Influential’ list
Samsung Electronics Vice Chairman Lee Jae-yong ranked 18th on Bloomberg’s annual list of the “50 Most Influential People in the World of Finance” published Thursday. Bloomberg’s 50 Most Influential list -- now in its sixth edition -- highlights prominent figures who command the most power and influence over global financial markets, as chosen by Bloomberg’s senior reporters and editors worldwide.Lee made the Bloomberg list alongside other chiefs of major tech companies such as Tesla Motors co-fo
Sept. 23, 2016
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100 mln households to have HDR TVs by 2020: data
More than 100 million households in the world will have Ultra HD TVs equipped with the High Dynamic Range technology in five years, a U.S.-based industry tracker said Friday.A total of 107 million households with over 250 million viewers will watch shows on TVs using the latest technology, HDR, according to the Strategy Analytics.The HDR technology allows screens to deliver vivid displays by optimizing brightness depending on colors, boasting improved quality compared with previous Ultra HD TVs.
Sept. 23, 2016
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Smartphone shipment to China drops 27%
South Korean companies' exports of mobile handsets, including smartphones, to China dropped by more than 27 percent in the first eight months of the year from a year earlier amid the rising presence of Chinese rivals there, a report said Friday.According to the Institute for Information & Communications Technology Promotion, shipment of mobile handsets and related parts to the neighboring country reached $2.74 billion in the January-August period, down 27.2 percent from the same period last year
Sept. 23, 2016
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Samsung struggles to restore reputation amid false reports of Galaxy Note 7 fires
A string of false consumer allegations that their Galaxy Note 7 devices caught fire is dampening Samsung Electronics’ efforts to restore its reputation and consumer trust hurt by faulty batteries prone to potential explosions.Since announcing a worldwide recall of its new large-size smartphone earlier this month, the South Korean tech giant has received a total of 26 false reports of Galaxy Note 7 fires, the company said Wednesday. Samsung’s Galaxy Note 7 (Yonhap)For 12 of the 26 reported cases,
Sept. 22, 2016
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K-ICT Born2Global Center and its Members ⑪ WELT
Smart belt company WELT‘s Kickstarter campaign gains momentumOn Sept. 22, the startup company WELT announced that, having accumulated $70,000 as of Sept. 12, it had raised more than double its original crowdfunding goal for its independently developed smart belt. The smart belt is a wearable health care device that measures and helps users manage health indicators based on the abdominal area. WELT recently displayed the product at the IFA, an annual consumer electronics show held in Germany, whe
Sept. 22, 2016
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Virtua Live develops hair simulation solution based on customer data and IT
On Thursday, startup company Virtua Live (CEO: Lee Jae-yeol) announced it has recently begun providing its independently developed total hair solution “Hair Fit” in Seoul’s Gangnam district and Gyeonggi Province’s Bundang. Hair Fit uses customer data and information technology to create a virtual hairstyle customized to each user and displays a photo of the hairstyle on a tablet for the user to see. Unlike mobile applications that utilize hair simulation for purely entertainment purposes, Hair F
Sept. 22, 2016
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Medical expenses for diabetes treatment top 8 tln won in 2011-2015
Nearly 8 trillion won ($7.15 billion) was used in medical expenses for more than 11 million diabetes patients in the past five years, a lawmaker said Wednesday.A total of 11.79 million people received medical treatment for diabetes and diabetic complications with the costs amounting to 7.89 trillion won in the 2011-2015 period, In Jae-keun of the main opposition Minjoo Party of Korea said, citing data of the National Health Insurance Service submitted to the National Assembly.The number of diabe
Sept. 21, 2016
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KT chairman touts intelligent networks as future of mobile era
Hwang Chang-gyu, the chairman of telecom giant KT, said Tuesday that ongoing innovation in network technology, or so-called “intelligent networks,” will lead to a paradigm shift in industries overall and bring a greater change in lifestyles than today’s mobile-focused networks.In a speech delivered at Harvard, the chairman said intelligent networks would create new value and new business opportunities, not just because of its speed but also because of its enhanced connectivity and capacity.In 20
Sept. 21, 2016
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[Photo News] Return of Blackberry
Models promote Priv smartphones, Blackberry‘s first smartphone running on Google’s Android operating system, at a launch in Seoul on Tuesday. The smartphone-maker is back in Korea after pulling out of the domestic market in 2012. (Yonhap)
Sept. 20, 2016
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BlackBerry makes comeback in Korea with PRIV smartphone
Canada's BlackBerry Ltd. began selling its first Android-based smartphone on Tuesday in South Korea, returning to the competitive smartphone market dominated by local brands. It is BlackBerry's first smartphone launched in South Korea since it pulled out of the Korean market three years ago. The launch of the PRIV smartphone in the Korean market came as foreign smartphone makers, such as Japan's Sony and China's Huawei, are seeking to gain market shares in the country's medium-range smartphone m
Sept. 20, 2016
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US investigators fail to find link between car fire and Galaxy Note 7
The American authorities have failed to find a causal relation between a controversial car fire in Florida on Sept. 5 and its owner's Galaxy Note 7, a US newspaper reported on Monday, in the latest development that may vindicate Samsung Electronics' position in its ongoing global recall of the smartphones.According to the US media report, the exact cause of the Sept. 5 fire that ripped through a car with a Galaxy Note 7 smartphone reportedly being left inside in St. Petersburg, a southeastern ci
Sept. 20, 2016