Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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Korean firms target EV charging market in US
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[Weekender] Geeks have never been so chic in Korea
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Seoul sees further jump in cost of dining out
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Teens banned from entering, working at 'hold 'em' pubs, cafes
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Netmarble striking M&As ahead of upcoming IPO
[THE INVESTOR] South Korean mobile game developer Netmarble Games’ recent bid to acquire Israel-based mobile gaming company Playtika is just one of a string of merger and acquisition deals that Netmarble has been pursuing to attract investors. By the end of this year, Netmarble Games is set to issue an initial public offering to draw at least 5 trillion won ($4.36 billion). Netmarble founder Bang Joon-hyukBased in Tel Aviv, Playtika is an affiliate of Caesars Interactive Entertainment -- an SNS
July 14, 2016
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Samsung heir, IBM CEO meet on possible partnership
[THE INVESTOR] Samsung Electronics vice chairman Lee Jae-yong and IBM CEO Virginia Rometty had a private meeting last week during the annual Sun Valley Conference in Idaho, it was confirmed on July 14. The high-profile meeting has drawn keen interest among industry watchers here as it could hint at a possible partnership between the two tech giants. Daily Mail homepageSamsung has recently been making a big push to elevate its software prowess. Sources predict Samsung could seek to share IBM’s so
July 14, 2016
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Xiaomi CEO discusses chip partnership with Samsung in Seoul
[THE INVESTOR] Xiaomi founder and chief executive Lei June on July 14 held a meeting with Samsung Electronics executives, including Jeon Young-hyun, the company’s memory chip division chief, at the headquarters in Suwon, Gyeonggi Province. According to industry sources, the CEO discussed ways to use Samsung’s high-density memory chips for its premium smartphones, including the upcoming Mi Note 2 phablet. Xiaomi founder and chief executive Lei JuneXiaomi, dubbed as “China’s Apple,” topped the Chi
July 14, 2016
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CrucialTec to supply fingerprint module to Huawei’s Honor 8
[THE INVESTOR] Korean fingerprint module maker CrucialTec said on July 14 it will supply its mobile fingerprint module, BTP, to Huawei’s upcoming new smartphone Honor 8. The Honor 8 features a 5.2-inch curved glass display, a 12 mega pixel dual camera, and is powered by an in-house octa-core Kirin 950 processor. The pricing and launch date have not been disclosed. Huawei’s Honor 8CrucialTec has supplied BTP to Huawei’s premium lineup, including the Mate 8 and the P9, and the latest mid-range Hon
July 14, 2016
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Line, Kakao ignite Korea’s character market boom
South Koreans have recently been in a frenzy over characters created by two rival mobile messenger apps -- whether it is Line’s blank-faced bear named Brown or Kakao’s Muzi, who looks like a rabbit but is actually a radish in a costume. Eyeing new market potential, Line Corp. and Kakao Corp. have brought their signature characters -- initially introduced as virtual stickers used on the messengers apps -- into the physical world where they have been reborn as character merchandise. Though Line, a
July 14, 2016
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Samsung, LG to gain momentum in UHD TV sales: report
[THE INVESTOR] Tech giants Samsung Electronics and LG Electronics are expected to benefit from an increasing demand for high-end TV products, including ultra-high definition TVs, at home and abroad, according to a report July 14.The report by the Science Ministry and Electronics and Telecommunications Research Institute cites the planned commercialization of UHD broadcasting services in Korea in February 2017 as the main reason behind the sales increase in the coming years.UHD TVs valued at 1.2
July 14, 2016
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LG smartphones capture 15% market share in US
[THE INVESTOR] LG Electronics has emerged as a serious competitor in the all-important US smartphone market where Samsung Electronics and Apple are still dominant players. According to the latest sales data from Kantar Worldpanel, Samsung and Apple are still the most favored smartphone brands in the US, having captured capturing 37 percent and 29 percent of total sales, respectively, in the three-month period ending in May. LG’s latest flagship G5During the same period, LG’s market share soared
July 14, 2016
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Oracle co-CEO holds strategic meetings with Samsung, POSCO execs
[THE INVESTOR] Mark Hurd, the co-chief executive of California-based Oracle, may be close to striking software deals with local conglomerates that could include Samsung and POSCO, according to those close to the matter.The co-CEO of the San Francisco-based company arrived in Seoul on July 14 to meet with executives from these partner firms. “There may be several big deals being negotiated behind the scenes,” said one industry watcher, declining to be identified.Mark Hurd, co-CEO of US software g
July 14, 2016
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Samsung Galaxy outsells Apple iPhone in US for first time
[THE INVESTOR] Samsung Electronics’ flagship smartphone Galaxy S7 has managed to outsell Apple’s iPhone 6S in the US for the first time. According to market research firm Kantar Worldpanel, 16 percent of American consumers purchased Galaxy S7 or S7 Edge for the three-month period ending in May, while 14.6 percent chose an iPhone 6S or 6S Plus during the same period. Samsung Galaxy S7 (left) and Apple's iPhone 6SEven though the Samsung phones are newer handsets by half a year, Apple’s iPhones hav
July 14, 2016
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Samsung Serif TV launched in U.S. market
[THE INVESTOR] Samsung Electronics officially introduced its Serif TV models in the US market on Wednesday, in collaboration with New York City’s landmark gallery Museum of Modern Arts.Designed by France’s Ronan and Erwan Bouroullec, the model takes its design and name after the shape of the alphabet “I” in the “Serif” font. Due to its stylish qualities, MoMA has uncharacteristically lent its venues for the launch event and will continue to offer support by displaying it in its stores.Serif TV i
July 14, 2016
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LINE’s IPO 25 times oversubscribed
[THE INVESTOR] LINE Corp.’s simultaneous initial public offerings in Japan and the U.S. this week were nearly 25 times oversubscribed with deposits totaling 2.77 trillion yen ($2.66 billion), according to lead managers of the dual stock listings on Thursday. LINE, operator of its namesake immensely popular mobile messaging app, will make its stock debut on the New York Stock Exchange on July 14 and Tokyo Stock Exchange the next day. Naver board chairman Lee Hae-jinReflecting keen interest among
July 14, 2016
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Samsung SDS invests in Darktrace, Blocko
[THE INVESTOR] Samsung SDS, the IT solutions unit of Samsung Group, said Thursday it has decided to invest in U.K.-based security solutions developer Darktrace and Korean blockchain venture Blocko. “With the latest investments, we aim to carry out diverse ICT projects,” the company said in a statement.“We will strengthen our security solutions and services through Darktrace’s next-generation security solutions, while with Blocko we will apply blockchain technology to diverse areas such as the I
July 14, 2016
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Naver to unveil Korean version of Siri next year
[THE INVESTOR] Korean Internet giant Naver plans to unveil its own voice recognition system specialized in Korean language next year, industry sources said on July 13. Based on its own data analysis and artificial intelligence technology, the company aims to unveil the system mimicking Apple’s Siri as early as in January next year. Global IT companies are rolling out their own voice recognition systems mostly in English but it is rare for them to offer Korean language service due to their lack o
July 14, 2016
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Korea's ICT exports dip 5.1% in June
South Korea's exports of information and communication technology products fell 5.1 percent in June due mainly to a slump in sales of mobile phones and displays, government data showed Thursday ICT exports reached $13.48 billion last month, down from $14.21 billion a year ago, according to the data compiled by the Ministry of Trade, Industry and Energy.Exports of ICT goods accounted for 29.8 percent of the country's $45.3 billion in overall shipments abroad over the cited period.South Korea's ex
July 14, 2016
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LINE’s IPO 25 times oversubscribed
[THE INVESTOR] LINE Corp.’s simultaneous initial public offerings in Japan and the US this week were nearly 25 times oversubscribed with deposits totaling 2.77 trillion yen (US$2.66 billion), according to lead managers of the dual stock listings on July 14. LINE, operator of its namesake immensely popular mobile messaging app, will make its stock debut on the New York Stock Exchange on July 14 and Tokyo Stock Exchange the next day. Naver board chairman Lee Hae-jinReflecting keen interest among i
July 14, 2016
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Samsung SDS invests in Darktrace, Blocko
[THE INVESTOR] Samsung SDS, the IT solutions unit of Samsung Group, said on July 14 it has recently decided to invest into UK-based security solutions developer Darktrace and Korean blockchain venture Blocko. “With the latest investments, we aim to carry out diverse ICT projects,” the company said in a statement. “We will strengthen our security solutions and services through Darktrace’s next-generation security solutions, while with Blocko we will apply blockchain technology to diverse areas su
July 14, 2016
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Samsung increases presence in global chip foundry sector
[THE INVESTOR] Samsung Electronics outran other global integrated device manufacturers in the semiconductor foundry sector in the Jan.-March period in terms of sales, according to market research firm IHS on July 13.The Korean chip company’s foundry business is forecast to have earned $613 million in sales in the first quarter, the largest among the global device manufacturers. The figure is three times more than that of runner-up Micron, which made $198 million.Samsung Electronics’ mobile appli
July 14, 2016
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Netmarble Games to release ‘Soul King’ worldwide
[THE INVESTOR] Netmarble Games, a South Korean game producer, said on July 13 that it will release “Soul King,” a comedic mobile role playing game, in 154 countries including Japan and North America.The game provides about 370 characters, and players take missions to defeat evil at each level to protect the Kingdom of Dune. The game was released in South Korea on June 15. Established in 2000, the firm was ranked eighth in global mobile game revenue last year, according to the company’s website.
July 13, 2016
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Korea to jack up R&D spending on semiconductors
The government said Wednesday that it will allocate an additional 1.1 billion won ($958,000) to the development of next-generation semiconductors in an effort to boost the industry.This year's R&D budget will be put at 35.6 billion won, according to the Ministry of Trade, Industry and Energy.The state research and development funds will help the country maintain its worldwide competitiveness and raise self-sufficiency in the production of semiconductors, the ministry said.The state R&D expenditu
July 13, 2016
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Samsung smartband tops U.S. consumer study
South Korea's tech giant Samsung Electronics Co. topped a U.S. quality test for the fitness smartband segment, industry watchers said Wednesday.According to the research conducted by industry tracker J.D.Power and Associates, Samsung Electronics won the highest consumer satisfaction ratings for a smartband for fitness.With the satisfaction rating-- based on performance, reliability, features, price, ease of operation, style and warranty -- calculated on a 1,000-point scale, J.D. Power said the S
July 13, 2016