Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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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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Pantech to launch first smartphone under new ownership
[THE INVESTOR] Pantech, the nation’s No. 3 handset-maker, will launch its latest smartphone IM-100 on June 30, the first launch since its Vega Pop-up Note phablet in November 2014. The new phone, whose price starts at 449,900 won (US$386), is a budget smartphone that boasts 7-millimeter thickness and weighs 130 grams. It features Qualcomm’s Snapdragon 430 processor and LG Display’s display screen. Pantech’s new budget smartphone IM-100 and the wireless charger Stone.One of the key features inclu
June 29, 2016
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Samsung SDS, SAP to jointly develop cloud solutions for corporate customers
[THE INVESTOR] IT solutions firm Samsung SDS said on June 29 that it would join forces with German software firm SAP to develop cloud systems for businesses.The two companies signed a memorandum of understanding for the partnership at its head office in Seoul on June 29.“We are proud to announce our partnership with Samsung SDS in enterprise cloud, one of SAP’s core services,” said Bernd Leukert, member of SAP’s products & innovations unit.Chung Yoo-sung (left), president and CEO of Samsung SDS,
June 29, 2016
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SK Holdings C&C, Siemens team up for smart factory tech
[THE INVESTOR] Korean IT solutions firm SK Holdings C&C and German industrial giant Siemens have teamed up to develop technologies and business models for smart factory. In a memorandum of understanding signed on June 29, the two companies agreed to develop information and communications technologies that improve efficiency and lower costs at manufacturing factories. From left are SK C&C smart factory business chief Park Jong-tae, Siemens’ head of business development industrial automation OEM m
June 29, 2016
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Uber CEO declines again to stand trial in Seoul
[THE INVESTOR] Uber’s cofounder and CEO Travis Kalanick has again asked a Seoul court to postpone a trial slated for June 29 over the company's illegal taxi-hailing service that was suspended here in 2014. The Uber chief was expected to appear at the Seoul Central District Court in southern Seoul after he was indicted on the charges. His legal represntative, the nation's top law firm Kim & Chang, had asked the court to designate a hearing date earlier this month. Established in 2009, Uber entere
June 29, 2016
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Electronic payment amount grows in Q1 despite cut in number of uses
The amount of payments made electronically continued to increase at a fast clip in the first quarter despite a drop in the number of payments made through such unconventional means, central bank data showed Tuesday.The daily average amount of electronic financial transactions came to some 300.3 billion won ($253.74 million) in the January-March period, up 8.6 percent from the previous quarter, according to the data from the Bank of Korea.The Q1 reading marks a slight deceleration from a 9.6 on-q
June 28, 2016
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Samsung's dryer gets top marks from U.S. consumer reviewer
A clothes dryer manufactured by Korean tech giant Samsung Electronics Co. has received the best evaluation from a U.S. consumer magazine, beating those by foreign rivals, its publication showed Tuesday.Samsung's dryer, the DV22K6800E, clinched the top spot with 70 points out of 100 in the most recent review by Consumer Reports in the compact category. (Yonhap)U.S. rival General Electric's DCVH480EKWW came in second, followed by Bosch's WTG86402UC and Asko's T754CW, the magazine saidThe magazine
June 28, 2016
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Korea ranks 14th in mobile internet connectivity: report
Korea ranked 14th among 134 countries in terms of mobile internet connectivity, a global association of mobile operators said on Tuesday.According to the Global System for Mobile Communications, Korea scored 80.7 out of 100 in four key areas of mobile internet connectivity --infrastructure, affordability, consumer readiness and content. (Yonhap)Australia topped the list, followed by the Netherlands, Denmark, Sweden, Norway, New Zealand, Finland, the United States, Iceland and the U.K., the assoc
June 28, 2016
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K-ITC Born2Global Center and its Members ⑤ JD SOUND
Sound equipment company JD SOUND announced Monday that it will be holding a crowdfunding campaign through the U.S. crowdfunding platform Indiegogo on July 6. Its goal is to secure $2 million in funding for its new portable DJ device. In June 2016, JD SOUND managed to raise approximately 53 million yen ($520,667) through Makuake, a Japanese crowdfunding platform.JD SOUND has created a portable and mobile app version of its DJ device, enabling users to create and listen to premium quality music no
June 27, 2016
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DiYPRO to feature holographic display at KCON Los Angeles in July
Optics company DiYPRO announced Monday that it will be featuring a holographic display at the KCON festival next month in Los Angeles. DiYPRO’s display panel produces a holographic screen by combining multiple two-dimensional videos. CEO Kim Myung-joong said that the company will be featuring the display at CES next January as well.Holographic technology, which has been gaining attention for its potential applications to next-generation displays, is based on optics—in other words, lens technolog
June 27, 2016
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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