Most Popular
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‘Gimflation’ in S. Korea as dried seaweed prices grow on rising global demand
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S. Korea's gender pay gap worst in OECD
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Yoon to resume diplomatic activity via 3-way summit with Japan, China
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SM, YG Entertainment’s K-pop groups benefit from troubles at Hybe
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South Korea unveils W26tr support program for chip industry
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S. Korea to hold rotating presidency of UN Security Council next month
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Yoon rejects Lee's proposal for pension reform talks
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Student nabbed for biking naked 'due to stress'
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Police arrest mastermind behind last year's palace vandalism
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Chonnam international student found dead
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Components to drive up Samsung’s Q3 profits
[THE INVESTOR] Expectations are high on Samsung Electronics’ third-quarter profits after the company released its second-quarter earnings guidance that beat analyst estimates on July 7. According to its tentative earnings report, the Korean tech giant posted more than 8 trillion won (US$7.6 billion) in operating profits and 50 trillion won in sales in the April-June period. Analysts say the company will continue the current momentum in coming months. Samsung Electronics’ headquarters in Suwon, G
July 7, 2016
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Samsung, SK hynix to benefit from rise of DRAM prices in Q3
[THE INVESTOR] With DRAM prices hitting rock bottom, the global DRAM market has been in the doldrums over the past couple years. According to a market report on July 7, however, the DRAM market will likely pick up steam in the July-September period thanks to increasing demand in the mobile and server markets.“The downward trend in DRAM prices over the past two years has reversed in June,” said DRAMeXchange in its recent report, forecasting the price increase rate would be in the range of between
July 7, 2016
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Samsung Electronics sells 26 million Galaxy S7 phones
[THE INVESTOR] Samsung Electronics, which forecast its best quarterly profit in more than two years, is estimated to have sold about 26 million units of its flagship smartphone Galaxy S7 that was launched in March. In its second-quarter earnings guidance announced on July 7, the Korean tech giant said it posted an operating profit of 8.1 trillion won (US$7 billion) while its sales would come in at 50 trillion won. Even though the company didn’t break down earnings of individual business division
July 7, 2016
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[URGENT] Samsung Electronics posts US$7b operating profits in Q2
[THE INVESTOR] Samsung Electronics estimated in its earnings guidance for the April-June period on July 7 that it would post approximately 8.1 trillion won (US$7 billion) in operating profit in the second quarter while its revenue would come in at 50 trillion won.The estimated operating income and revenue for the second quarter increased from 6.9 trillion won and 48.5 trillion won, respectively, in the same period last year. Samsung Electronics president and mobile chief Koh Dong-jin poses at th
July 7, 2016
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Korean display-makers to lead OLED sector next decade: IHS
[THE INVESTOR] South Korean display-makers such as Samsung Display and LG Display will maintain their lead in the organic light-emitting diode sector for the next decade, according to a market research firm.“Samsung Display and LG Display will be leading the OLED market for up to 10 years,” said Ricky Park, director of IHS at the OLED Frontier Forum held in Seoul on July 5. “Unlike liquid-crystal displays, OLED requires years of investment and high production expertise, so Chinese displays compa
July 6, 2016
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SKT offers free navigation app to take on KakaoNavi
[THE INVESTOR] SK Telecom has recently decided to offer its immensely popular navigation app T-Map for free to all mobile users. T-Map is the nation’s No. 1 mobile navigation service with more than 8 million users. But the company offered the service for free only to SK Telecom subscribers. Some 230 million mobile users subscribing network services of KT, LG Uplus and other budget plans are expected to benefit from the free service from July 19. The decision comes as Kakao is expanding its onlin
July 6, 2016
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‘Samsung seeks to take on LG in larger OLED’
[THE INVESTOR] Samsung Display has long gauged the marketability of large-size organic light-emitting diode displays due to their low production yields and high prices. The display-making unit of Samsung Electronics, however, is said to be speeding up preparations to jump into the sector in earnest, testing a series of technologies to improve production capability. Kateeva’s OLED inkjet printer / The Investor“Kateeva will supply the prototypes of its inkjet printers to its global customers in Ko
July 6, 2016
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China’s TCL chairman visits Samsung headquarters
[THE INVESTOR] Chinese tech giant TCL’s chairman Li Dongsheng visited Samsung Group’s headquarters in Seocho-dong, southern Seoul, on July 6, possibly to seek partnership on liquid-crystal display business. Li was also accompanied with top executives of China Start Optoelectronics Technology, TCL’s display-making unit and China’s second-largest display maker. TCL chairman Li DongshengSamsung Electronics’ top executives, including CEO and display business chief Kwon Oh-hyun and the company’s TV b
July 6, 2016
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Samsung Display to separate LCD, OLED business divisions: report
[THE INVESTOR] Samsung Display, an affiliate of Samsung Electronics, is expected to separate its liquid-crystal display and organic light-emitting diode business divisions in a planned reshuffle next week, the Electronic Times reported on July 5. This is the first reshuffle since Samsung Electronics vice chairman and CEO Kwon Oh-hyun took the helm of the display business division in April, hinting at the company’s strategic shift toward more lucrative OLED. Samsung’s flexible OLED displayThe com
July 6, 2016
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Netmarble bids to acquire Israel-based game firm Playtika
South Korea’s leading mobile game company Netmarble Games has entered the race to acquire Israel-based social casino game developer Playtika in a deal valued at up to $4 billion, multiple sources in the local investment banking industry said Tuesday. If successful, the deal would mark the largest acquisition by a Korean game company to date and significantly boost Netmarble’s market value ahead of its initial public offering scheduled for next year.According to local news reports, Netmarble has
July 6, 2016
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LG Display installs production equipment at plastic OLED plant
[THE INVESTOR] LG Display said on July 6 it has installed new production equipment for the sixth-generation plastic organic light-emitting diode or POLED panels at its plant in Gumi, North Gyeongsang Province. The equipment installation comes after the display-making unit of LG Group invested a combined 1.5 trillion won (US$1.3 billion) into the facilities over the past year. Plastic OLED production equipment is transferred to LG Display’s plant in Gumi, North Gyeongsang Province, on July 6. / L
July 6, 2016
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Netmarble Games seeks to buy Playtika
[THE INVESTOR] Netmarble Games, South Korea’s leading online game developer and publisher, has joined the race to buy Israel-based social casino game firm Playtika in a deal could worth over 4 trillion won (US$3.4 billion). It will be the largest acquisition deal made by a South Korean game company since No. 1 player Nexon and NCSoft jointly attempted to takeover Electronic Arts for 4 trillion won in 2012. According to a source on July 6, Netmarble Games submitted a letter of intent for the tran
July 6, 2016
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Latecomer LG Pay to feature IC chip, one-time password
[THE INVESTOR] LG Electronics’ mobile payments service LG Pay -- expected to debut in September -- will feature more diverse functions such as an integrated circuit chip and one-time password, industry sources said on July 6. Unlike its app-based rivals such as Samsung Pay, the LG service is expected to come as a tangible smart card.LG had planned to launch the service within the first half of this year but the plan was delayed to extend partnership with local banks and card companies. Unlike ot
July 6, 2016
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Samsung Display accelerates transition from LCD to OLED
[THE INVESTOR] Samsung Display, the display business arm of Samsung Electronics, is ramping up its efforts to outpace its rivals in the organic light-emitting diode display sector. As a part of this strategy, the firm is planning a quick transition from liquid-crystal display to OLED at its L7 plant in South Chungcheong Province. The plant currently runs two LCD assembly lines. “Samsung Display will cease the operation of both lines at the L7 plant by the end of this year and replace LCD equipme
July 6, 2016
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NASA's Juno spacecraft orbits Jupiter, ’king of solar system‘
NASA celebrated a key triumph on Tuesday as its $1.1 billion Juno spacecraft successfully slipped into orbit around Jupiter on a mission to probe the origin of the solar system.NASA‘s Jet Propulsion Laboratory in Pasadena, California erupted in cheers as the solar observatory entered its aimed-for orbit around the biggest planet in our cosmic neighborhood at 11:53 p.m. “We are there. We are in orbit. We conquered Jupiter,” said Scott Bolton, NASA’s principal investigator from the Southwest Resea
July 6, 2016
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Korea to ease regulations to kick-start Internet-only banks
Korea will ease regulations and revise rules to help the country's first internet-only banks make a soft landing and grow down the road, its financial regulator said Wednesday.Among the necessary steps to propel the growth of Kbank and Kakaobank, the Financial Services Commission picked an immediate revision to the existing banking laws to allow information-technology companies, as the largest shareholders, to participate in the web-only banks' management decisions as the most urgent measure to
July 6, 2016
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Samsung to maintain Europe HQ in UK
[THE INVESTOR] Samsung Electronics has decided to maintain its Europe headquarters in the UK after considering relocation to other European Union countries such as the Netherlands and Germany in the wake of Brexit.Citing an unnamed Samsung executive, Maeil Business News reported on July 6 that the Korean tech giant has no plan to relocate its Europe headquarters. A Samsung Galaxy S7 experience zone set up at a shopping mall in London.“Maintaining the current location is the company’s official st
July 6, 2016
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Hello Jupiter! NASA spacecraft arrives at giant planet
PASADENA -- Braving intense radiation, a NASA spacecraft reached Jupiter on Monday after a five-year voyage to begin exploring the king of the planets. Ground controllers at the NASA Jet Propulsion Laboratory and Lockheed Martin erupted in applause when the solar-powered Juno spacecraft beamed home news that it was circling Jupiter's poles. The arrival at Jupiter was dramatic. As Juno approached its target, it fired its rocket engine to slow itself down and gently slipped into orbit. Becau
July 5, 2016
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KT unveils self-developed ICT solutions for maritime safety
Korea’s second-largest network operator KT unveiled a range of new ICT-based solutions and technologies Tuesday geared at improving maritime security. The telecom firm’s standout technologies include a Long-Term Evolution network able to cover remote locations, as far as 200 kilometers away from land, a life jacket that can be tracked via Internet of Things technology and the creation of a new network designed for IoT devices. Oh Sung-mok, vice president of KT’s network division, introduces a ne
July 5, 2016
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SKT seeks countermeasures after failed merger
[THE INVESTOR] SK Telecom on July 5 expressed regrets at the antitrust watchdog’s disapproval of its planned merger with the nation’s No. 1 cable TV operator CJ HelloVision. The company had planned to merge its Internet TV affiliate SK Broadband with the CJ unit, becoming the nation’s second-largest paid TV operator and the No. 1 in the long term. The deal price was estimated at 1 trillion won (US$823 million). “The watchdog’s decision comes as a shock,” the company said in a statement. “We expr
July 5, 2016