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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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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[Robert J. Fouser] Social attitudes toward language proficiency
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[Graphic News] How much do Korean adults read?
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Korean firms target EV charging market in US
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LG to shut down auto engineering business
[THE INVESTOR] LG Electronics will reportedly cease its auto engineering business this year. The tech giant has been running the business for the past 10 years, designing and manufacturing car frames for carmakers. Car companies in emerging nations including Indonesia and India are major customers of the Korean firm. The move is said to be aimed at quelling rumors that the company would jump into the automobile business in earnest. Having set up a vehicle component division in 2013 after mergin
July 4, 2016
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Samsung helps building smart factories for SMEs
[THE INVESTOR] Samsung Electronics has helped build smart factories for 105 small and medium enterprises during the first half of the year, the company said July 4.Starting with support to 120 SMEs in North Gyeongsang Province last year, the electronics company has accelerated its steps to build smart factories in other regions including Gyeonggi Province, Jeolla provinces and Chungcheong Province, with the total number currently reaching 225. Saehan TungstenThe tech giant said it aims to sprea
July 4, 2016
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LG boots business in global hospitality TV market
[THE INVESTOR] LG Electronics unveiled OLED TVs systematically adjusted for the hospitality industry at a global expo, the company’s spokesperson said on July 4. The organic light-emitting diode manufacturer recently displayed its hotel TV models, 55- and 65-inch class televisions at the 2016 Hospitality Industry Technology Exposition & Conference held in New Orleans. The razor sharp design combined with its high definition picture quality, supported fully by LG’s OLED technology is set to provi
July 4, 2016
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LG to shut down auto engineering business
[THE INVESTOR] LG Electronics will reportedly cease its auto engineering business this year.The tech giant has been running the business for the past 10 years, designing and manufacturing car frames for carmakers.Car companies in emerging nations including Indonesia and India are major customers of the Korean firm. LG Electronics’ lightweight vehicle frame / LG Electronics The move is said to be aimed at quelling rumors that the company would jump into the automobile business in earnest. Having
July 4, 2016
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Samsung’s sales in China decrease for 3 years in a row
[THE INVESTOR] Samsung Electronics’ sales in China continued its downward spiral for the third consecutive year in 2015, according to a report released by the tech giant on July 3.The annual revenue in the Chinese market continued to decrease from 40.1 trillion won (US$34.9 billion) in 2013, 33 trillion won in 2014 and 31 trillion won in 2015, according to its sustainability report 2016, an annual report that provides information on the firm’s performance on economic, environmental, and social f
July 4, 2016
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LG Electronics to announce earnings guidance on July 8
[THE INVESTOR] LG Electronics is expected to announce its second-quarter earnings guidance on July 8. Local analysts estimate the company’s operating profit to stand at about 594.7 billion won (US$517 million). The Korean tech giant started releasing its quarterly earnings guidance since the first quarter this year. LG Electronics’ Seoul headquartersAnalyst say that despite the lukewarm sales of its flagship smartphone G5, the company’s robust TV and appliance sales could make up for the operati
July 4, 2016
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Samsung reduces more than 10,000 employees in China
[THE INVESTOR] Samsung Electronics, which has continued streamlining its workforce on its home turf, reduced more than 10,000 employees in the all-important Chinese market last year, according to its recent sustainability report. According to the report published on July 3, a total of 325,677 people worked at the Korean tech giant last year globally, compared to 319,208 workers in 2014. Only Southeast Asia and Japan saw their employee numbers increase over the past year. Especially in Southeast
July 4, 2016
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Samsung to release Q2 operating profit on July 7
[THE INVESTOR] Tech giant Samsung Electronics will release its earnings for the April-June quarter on July 7.All eyes are now on whether its operating profit crosses the 8-trillion-won (US$6.9 billion) threshold for the first time in two years. The firm earned 8.5 trillion won in the first quarter of 2014.Samsung posted more than 8 trillion won of operating income for the seventh consecutive quarter since the third quarter of 2012. Its operating profit reached its peak in the third quarter of 20
July 4, 2016
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[Graphic News] Korea tops average Internet speed worldwide: report
Korea had the highest average Internet connection speed in the world in the first quarter of this year, according to a report by Akamai Technologies, a content delivery network provider headquartered in the U.S. The report released Friday showed that in the first quarter of the year, Korea had four times faster average Internet speed at 29 megabits per second, an 8.6 percent increase over the previous quarter. It was followed by Norway, Sweden, Hong Kong and Switzerland. The world average was 6.
July 3, 2016
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Kakao opens flagship store for mobile characters in Gangnam
[THE INVESTOR] Mobile messenger operator Kakao has opened its flagship store for character products based on its mobile stickers, called Kakao Friends, in the posh Gangnam district, Seoul, aiming to expand its clout in the mobile world into the retail realm.Despite the heavy rain in Seoul on Saturday, more than a thousand people formed a snaking line in front of the store on the opening day of the Kakao Friends Flagship Store.Kakao`s flagship store in Gangnam. KakaoAs Kakao ran a series of prom
July 3, 2016
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[Photo News] LG Chem. recruits talents in Tokyo
LG Chem CEO and vice chairman Park Jin-soo meets with participants Friday at its recruiting event held in Tokyo‘s New Otani Hotel, where Park shares the company’s vision with around 40 students invited from Japan’s top 10 universities. (LG Chem)
July 3, 2016
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Korean court rules Park Tae-hwan eligible to compete in Rio
A local court ruled on Friday that swimmer Park Tae-hwan is eligible to compete at the Rio de Janeiro Summer Games, a significant victory for the beleaguered athlete in his legal battle with the national Olympic body. The Seoul Eastern District Court accepted an injunction requested last month by the swimmer to confirm that the Korean Olympic Committee (KOC) has no reason to ban him from racing for South Korea at the Olympics.Park "has no reason for being disqualified based on Article 5 of the
July 1, 2016
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Incheon airport to hire robots for cleaning, concierge
Incheon International Airport will deploy autonomous robots programmed to clean its facilities and to provide information, before the nation hosts the Winter Olympics in 2018.Incheon International Airport Corp. and LG Electronics on Friday signed a memorandum of understanding for the robot project and agreed to test run prototype machines from later this year.An image of a concierge robot for airportsThe project is a part of the airport’s smart service strategy, an official said. Robots will be
July 1, 2016
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Korean chipmakers plan W38tr equipment investment for 3 years: report
[THE INVESTOR] Korean chipmakers, including the top two Samsung Electronics and SK hynix, are expected to pour a combined 37.8 trillion won (US$33 billion) into wafer fabrication equipment or WFE in the next three years. Starting US$10.02 billion this year, the companies will invest more than US$10 billion every year in the coming years, according to a recent research jointly conducted by market research firm Gartner and chip equipment giant Applied Materials. Samsung’s wafer fabrication facilit
July 1, 2016
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Kakao launches KakaoGames for global push
[THE INVESTOR] Internet giant Kakao on July 1 announced the official launch of its renamed game unit KakaoGames following its shareholders’ approval the day before. The company said the branding renewal comes in order to elevate its global awareness and improve operational efficiency overall. The company aims, among other things, to expand its presence in the global market. Unlike its cross-town rival Naver that earns more than 35 percent of sales from overseas markets, Kakao has almost no prese
July 1, 2016
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Korea tops average Internet speed worldwide: report
[THE INVESTOR] Korea has the highest average Internet connection speed in the world, according to a report by Akamai Technologies, a content delivery network provider headquartered in the US. The organization’s quarterly report, “State of the Internet,” showed that in the first quarter of the year Korea has four times faster average Internet speed at 29 Mbps, an 8.6 percent increase over the previous quarter. It was followed by Norway, Sweden, Hong Kong and Switzerland. The world average was 6.3
July 1, 2016
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Samsung’s consumer electronics business to post robust Q2 profit
[THE INVESTOR] Tech giant Samsung Electronics’ consumer electronics business is forecast to see its operating profit for the April-June period surpass 1 trillion won ($870 million). Market analysts also expect Samsung to show a strong business performance in the latter half this year, enjoying the weak Korean won due to Britain’s vote to exit the EU. The CE business will likely see its operating income for the second quarter cross 1 trillion won for the first time since 2009, according to invest
July 1, 2016
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LG’s appliance business expected to see record profits in Q2
[THE INVESTOR] LG Electronics is expected to post more than 10 percent operating profit ratio in its appliance business in the second quarter on upbeat sales of more lucrative high-end products, analyst estimates found on July 1. The home appliance and air solutions division enjoyed record sales and operating profit to sales ratio in the first quarter. Especially the operating profit ratio soared to 8 percent in the April-June period and the figure is expected to exceed 10 percent in the second
July 1, 2016
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Samsung’s components businesses likely to suffer loss in Q2
[THE INVESTOR] Samsung Group’s electronic components businesses, including Samsung Electro-Mechanics, and Samsung SDI, are forecast to show disappointing earnings results for the April-June period, according to market analysts.Samsung Electro-Mechanics will post 21.7 billion won ($18.9 million) in operating income, down 49.4 percent from the previous quarter, with its revenue coming in at 1.6 trillion won, up 2.6 percent from the first quarter, according to a recent investment report released b
July 1, 2016
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Nexon brings new mobile RPG ‘HIT’ to global markets
[THE INVESTOR] Game developer Nexon said on June 30 that its mobile role-playing game “HIT” will be released in global markets on July 7.The mobile game, which will support 10 languages including English, Chinese, German, French, and Thai, is to hit 140 global markets.But two neighboring countries Japan and China were excluded for the launch.“Japan is different from other markets as animation-inspired games featuring cute characters mostly top the mobile game chart, so we are planning to enter t
June 30, 2016