Most Popular
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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S. Korean children, teens grow taller, mature faster than before: study
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Army takes group action against Hybe for neglecting BTS
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Some junior doctors are returning: Health Ministry
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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Debate rages over ‘overly fatty’ samgyeopsal
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Naver will consider company benefits in deciding on selling Line shares: CEO
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[Weekender] Korean psyche untangled: Musok
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Woman dangling from power lines rescued by residents holding blanket
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[Photo News] Telecoms' cooperation to improve human life
KT chairman Hang Chang-gyu speaks about the need for cooperation among global telecommunication companies to develop new technologies that contribute to human life during the U.N. Global Compact Leaders Summit 2016 in New York on Thursday. (Yonhap)
June 24, 2016
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UHD TVs outstrip full HD TVs in global market
The global sales of ultra-high-definition TVs worldwide has exceeded those of full HD ones, an industry tracker said Friday.According to the data compiled by IHS, the market share of UHD TVs, also known as 4K TVs, jumped to 47.3 percent in the second quarter of this year from 42.1 percent in the previous quarter.In contrast, that of full HD TVs declined from 42.9 percent to 38.7 percent over the cited period. IHS predicted that the gap will further widen in the third quarter with UHD TVs expecte
June 24, 2016
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Sungjoo Group seeks to make MCM 'new school luxury' brand
Korean fashion giant Sungjoo Corp., which owns and runs German luxury bag brand MCM, on Friday said it will adopt the latest technology to create an innovative fashion code and lead the new luxury trend. "We will combine technology and fashion to create the new framework in the luxury market," Sungjoo Group said in the newly published book, titled "The Story of Sungjoo." Sungjoo Group is a fashion retail group that operates franchise stores for leading British retail group Marks & Spencer, Yves
June 24, 2016
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K-ITC Born2Global Center and its Members ④ Twinword
Big data start-up Twinword announced Tuesday that it would unveil its key word research platform “Twinword SEO” next month. Key word research is a marketing technique that uses big data to identify and analyze words associated with a particular search term. The objective is to find the best words to use in the introduction of a product or company in order to achieve the highest rankings possible on Internet search engines.Twinword is a venture company that collects, analyzes and utilizes big dat
June 24, 2016
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Samsung releases new Gear Fit 2
Samsung Electronics Co.'s newest wearable fitness tracker went on sale in South Korea on Friday, featuring multiple functions like a "personal trainer."The Gear Fit 2 got off to a smooth start, drawing largely positive feedback from consumers and media. The sporty and stylish wrist band has an embedded GPS and improved sensors, making itself far smarter than the Gear Fit released in 2014, according to sources.It automatically detects the type of users' activities and provides them with tailored
June 24, 2016
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Samsung Display shipped 97.7 % of OLED panels in Q1
[THE INVESTOR] South Korea’s Samsung Display was the world’s No. 1 in terms of organic light-emitting diode panel shipment in the first quarter, accounting for 97.7 percent of global shipments.Industry tracker IHS said Samsung Display shipped 88.75 million panels, followed by LG Display whose shipments accounted for 0.9 percent of the market. No. 3 player AUO of Taiwan had a 0.7 percent market share. Samsung Display has the capacity to produce 300 million displays a year. It is also the only man
June 23, 2016
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SK Telecom, KT gear up to compete for 5G networks
[THE INVESTOR] The nation’s top telecom firms SK Telecom and KT are gearing up to compete in the field of next-generation network 5G.Korea’s leading mobile operator SK Telecom said on June 23 it has successfully developed 5G test equipment with Ericsson that will be applied to the world’s first 5G test network that is scheduled to be completed by the end of this year. “The upcoming demonstration will be a chance to show stable and sufficient support for up-and-coming 5G services,” said Park Jin-
June 23, 2016
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Slow growth projected for OLED TV market
[THE INVESTOR] The global organic light-emitting diode TV market may not be as robust as previously thought in the coming years, according to an industry report.Market research firm IHS forecast in its recent report that around 5.8 million units of OLED TVs will be shipped in 2020, down 32 percent from 8.5 million projected earlier this year.The number of OLED TVs expected to be shipped in 2019 has also decreased to 4 million, down from an estimate of 5.8 million in the previous report. Models p
June 23, 2016
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Korea’s biggest yoga institute to open in Paju
Korea’s biggest yoga institute is set to open in Paju, Gyeonggi Province, in September, a report said Thursday. Yoga business firm AJNA, together with Hallyu Training Center, said it will recruit overseas and domestic yoga experts to teach at the dormitory-style educational institute dubbed Korea Yoga College. (Korea Yoga College)Hallyu Training Center is known for being the motor behind K-pop entertainment project “Produce 101,” which provided on-television trainings to 101 aspiring starlets t
June 23, 2016
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Merck to establish nonprofit company for charitable work
[THE INVESTOR] Global pharmaceutical and chemical enterprise Merck will establish a nonprofit company, the Merck Family Foundation, to expand its charitable work, the Germany-based company said this week. The Merck Family Foundation will conduct charitable work such as promoting public health care and education, providing emergency aid in a community. To be involved in international development cooperation as a further goal, the global pharmaceutical company is also working out research projects
June 23, 2016
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Kakao Navi expects to see profits in H2
The nation’s top mobile messenger operator Kakao Corp. expects a profit from its navigation app Kakao Navi later this year, through marketing collaboration with local companies.Kakao Navi was launched in February after the company bought popular navigation service Kimgisa last year in a major merger deal. “We are in talks with several companies to better promote the app (and are) aiming to unveil it in the second half,” Kakao’s official told The Korea Herald. The new Landmark Service will enable
June 23, 2016
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S. Korea, U.S. team up to research animal diseases in wildlife
The research arms of South Korea and the United States devoted to dealing with wildlife diseases, have joined together to cooperate in tackling avian influenza, rabies and other animal-transmitted diseases, a state-run think tank said Thursday.The National Institute of Environmental Research signed a letter of intent early this month with the National Wildlife Research Center, a research facility within the U.S. Department of Agriculture, to carry out joint research activities in the sector of i
June 23, 2016
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K-ITC Born2Global Center and its Members ③ NAMU
Health care startup NAMU announced Friday that it had released “Alex,” a wearable tracker designed to reduce turtleneck, or forward head posture. Until December this year, Alex will be undergoing clinical testing at two major hospitals in Korea, Asan Medical Center and Mok-Huri Neck & Back Hospital of Oriental Medicine, which specializes in the treatment of degenerative disc diseases. The results of these tests will be presented in academic journals in Korea and numerous other countries. As of J
June 23, 2016
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Pantech showcases new 'IM-100' smartphone
[THE INVESTOR] Pantech, one of top three mobile phone manufacturers in Korea, showcased its new smartphone IM-100 on June 22 at its R&D center in Seoul, unveiling its ambition to recover lost ground.IM-100 -- pronounced as “I am back” with the number pronounced “back” in Korean -– will begin sales starting next week. Pursuing minimal design, the company excluded its logo on the new mobile phone, which comes in two options: white or black. The 7-millimeter-thick mobile phone incorporates a wheel
June 22, 2016
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SK Telecom expands O2O business in China
[THE INVESTOR] SK Telecom is expanding its online-to-offline business in China in collaboration with a Korean start-up and local firms, the mobile operator said on June 22.The company signed a letter of intent on June 21 in China with Korean start-up 12CM and three Chinese firms -- Duolabao, BlueFocus, Heima Live -- to establish a joint venture. 12CM is highly evaluated in the O2O industry in Korea having invented Smart Stamp, which is widely used in coffee shops and restaurants, that has replac
June 22, 2016
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Samsung vows to invest $1.2b in US for IoT tech
[THE INVESTOR] Desperate to find new future growth engines, Samsung Electronics is betting big on the Internet of Things, a network technology which connects objects with humans.The electronics giant has announced a package of plans to grow the business for the connected technology at the Internet of Things Policy Dialogue, an industry conference held at the head office of the US daily Washington Post in Washington on June 21.Kwon Oh-hyun, Samsung Electronics’ vice chairman delivers a speech und
June 22, 2016
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Samsung Galaxy Note 7 likely to have curved screen: report
[THE INVESTOR] Samsung Electronics’ new Note phablet, tentatively called “Galaxy Note 7,” is expected to have a curved screen, indicating the Korean tech giant’s commitment to a dual-edge curved display for its Galaxy smartphones. According to local daily Munwha Ilbo, Samsung is not considering launching a flat screen version of the Note phone. The Galaxy Note 7 will be unveiled at an unpacked event held in New York in August. It will become the first Note phone with a curved screen. Citing i
June 21, 2016
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Hanwha Techwin creates synergy effect with other defense units: brokerage firm
[THE INVESTOR] Hanwha Techwin has started to create synergy with other defense affiliates of Hanwha Group, a year after the firm was merged into Korea’s 10th largest family-controlled conglomerate, a local brokerage firm said. “Defense business was the matrix of Hanwha Group,” said Kim Ji-san, analyst at Kiwoon Securities while maintaining the price target of 56,000 won and a rating of “overweight.” He said Hanwha Techwin will enjoy more positive effects following its merger into the group which
June 21, 2016
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Samsung SDS rules out stake buyback, interim dividend
[THE INVESTOR] Samsung SDS, the software services unit of Samsung Group, said on June 21 it has decided against buying back its own shares or paying an interim dividend after considering requests from some minority shareholders. “We have discussed the issues together with outside experts. We have agreed that it would be better to use our cash reserve to improve our corporate value through measures such as M&As rather than stake buyback or interim dividend,” the company said in a statement. The c
June 21, 2016
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Samsung, LG hard pressed by Chinese TV makers
[THE INVESTOR] Chinese TV makers armed with price competitiveness are a growing threat to Korean electronics giants Samsung Electronics and LG Electronics.Chinese electronics firms, such as LeTV, which is also a streaming services firm, has recently rolled out 65-inch 4K TVs with a price tag of around $900 in the Chinese market, according to IHS, a market research firm.A model poses with Samsung Electronics’ super ultra-high definition TV. (Samsung Electronics)They are around three times cheaper
June 21, 2016