Most Popular
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40 flights canceled on Jeju Island due to bad weather
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Pandemic left Korea more depressed than before: report
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Gov't appears to shelve punitive measures against mass walkout by doctors
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Govt. asks hospitals to mitigate impact of medical professors' absence
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Allegations surrounding BTS resurface, enraged fans demand apology
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S. Korea's working-age population to dip nearly 10m by 2044 amid low births
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Doggy patrol team on the move to protect their cities
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Tech giants lock horns over Korean cloud market
Tech giants from home and abroad are battling to garner a larger slice of the Korean market for cloud computing solutions, industry watchers said Monday, as local demand for the services is expected to grow sharply down the road.The Korean market for cloud computing solutions is expected to reach $1.2 billion in 2019, up from the $540 million posted in 2014, according to the data compiled by industry tracker Gartner.Cloud computing solutions allow users to access their photos, documents and othe
May 2, 2016
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SK Telecom wins bid for 2.6 GHz band
South Korea’s largest mobile carrier SK Telecom has won its bid for two new bandwidths intended for faster and broader data services, the government said Monday.The company secured a pair of bandwidth blocs in the 2.6 GHz band for 950 billion won ($832 million) and 327 billion won, respectively, according to the Ministry of Science, ICT and Future Planning.Its main rival KT has won a bid for the 1.8 GHz band for 451 billion won and the country’s smallest mobile carrier LG Uplus took the 2.1 GHz
May 2, 2016
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LG's new smartwatch sales going smooth after AlphaGo marketing
LG Electronics said Monday it has sold more than 10,000 units of its latest smartwatch less than a month since its release, after a top Korean Go player wore the device during his historical battle in March with an artificial intelligence program designed to play the Asian board game.The Korean firm said it has been making efforts to expand the supply of the LG Watch Urbane 2nd Edition both at home and abroad as the demand remained above its earlier expectations. First released in April, daily a
May 2, 2016
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Preloaded Google apps to become removable in Korea
The Korean government is seeking a law revision to allow users to remove preloaded apps on Android phones such as Google’s Search, Maps and Gmail apps. Currently, the apps are preinstalled on new devices as part of Google’s contracts with manufacturers, causing complaints among users for their battery consumption and screen layout.Amid a similar investigation launched by the European Commission recently, the Korean government has also started working to reduce the unfair dominance of Google apps
May 1, 2016
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Samsung SDS, EdgeVerve team up for safer online banking
Samsung SDS, an information solutions developer affiliated with Samsung Group, said Sunday it has inked a partnership with India’s mobile banking service giant EdgeVerve Systems. The Korean firm said it will provide faster, easier and more secure authentication systems for EdgeVerve’s Infosys Finacle, the global No. 1 banking solutions provider with some 547 million users in 84 countries around the world. The solutions will be based on fingerprint scanning, facial recognition or other biometric
May 1, 2016
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KT unveils measures to accelerate start-ups
Telecom giant KT Corp. on Sunday unveiled a set of measures, including a 20 billion won ($18 million) investment fund, to support start-ups that are competitive but struggle to secure funding and distribution channels. The company said it will expand its own direct investments into individual start-ups, while beefing up efforts to offer them more practical help. Following a 2 billion won investment into Carvi, a driving assistance systems developer, in February, the company has recently also de
May 1, 2016
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[Photo News] LG built-in solutions refashioned
LG Electronics’ new built-in lineup that was designed by Nate Berkus, a top interior designer, is displayed at a retail shop in Los Angeles. The Korean tech giant aims to double sales of its premium built-in brand LG Studio in the U.S. market this year. (LG Electronics)
May 1, 2016
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[Photo News] Samsung holds TV seminar in Latin America
A participant checks the picture quality of quantum-dot screens at a technological seminar held by Samsung Electronics in Mexico City on April 27. The Korean tech giant invited a group of video experts, retailers and journalists of six Latin American countries to the event, where it is showcasing its latest liquid crystal display-based TV technology that uses tiny particles that emit a different color of light depending on size. (Samsung Electronics)
May 1, 2016
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Zika-carrying mosquito found in Korea, CDC says
A mosquito that is known to be capable of carrying the Zika virus has been found in Korea for the first time this year, the Centers for Disease Control and Prevention said Friday.The Aedes albopictus mosquito, also known as the Asian tiger mosquito, was spotted in three of the 39 inspection sites monitored by the CDC since March. While Aedes aegypti is the species most commonly associated with Zika, Aedes albopictus has also been linked to outbreaks.(Yonhap)The three areas include Seogwipo on Je
April 29, 2016
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Samsung Display replaces CEO after quarterly loss
Samsung Display said Friday that Kwon Oh-hyun, vice chairman and co-CEO of Samsung Electronics, will replace the company’s current chief executive Park Dong-gun. The display business arm of Samsung Electronics did not elaborate on the reasons for the change, but some market watchers suspect Park was replaced after failing to boost the display business. Kwon Oh-hyun, vice chairman of Samsung Electronics. (Yonhap) Samsung Display posted an operating loss of 270 billion won ($236.4 million) in the
April 29, 2016
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LG Chem falls prey to email phishing
South Korea’s leading chemical company LG Chem has fallen victim to an online scam that caused 24 billion won ($21.1 million) of financial damage to the company.The fraud case started with an email last month that was sent to LG Chem from Aramco Products Trading Co. The email claimed that the bank account for their bilateral business transaction had changed, and asked LG to send its payment to a different account. LG sent the money without suspecting any foul play.(Yonhap)But the account did not
April 29, 2016
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LG sells 1.6m G5 phones globally
LG Electronics said Thursday its flagship smartphone G5 shipments have exceeded 1.6 million units globally since its launch a month ago. “We will see more than 3 million shipments in the second quarter,” the company said during a conference call when it reported a 65.5 percent surge in operating profit to 505.2 billion won ($440 million) in the first quarter from a year ago. Even though strong sales of home appliances, especially more lucrative premium models, elevated the company’s profits over
April 28, 2016
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Samsung SDI’s loss widens to over W700b in Q1
Samsung SDI said Thursday it posted 703 billion won ($ 614 million) in operating loss in the first quarter this year.Its total revenue, however, grew 7.6 percent on-year to 1.3 trillion won during the period, the battery-making arm of Samsung Group said in a regulatory filing.Its operating loss represents a 2,007-percent and 452-percent increase from a year and a quarter earlier, respectively.The firm said the larger operating loss was mainly attributable to 1.1 trillion won in one-off costs ref
April 28, 2016
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Korea, U.S. to work together on lunar exploration, satellite
South Korea and the United States have agreed to boost their partnership in the aerospace industry to a "considerable" level, a government ministry said Thursday, as the two sides are in related talks in Seoul.The allies opened the working-level meeting Wednesday, the second of its kind, to discuss how to deepen space cooperation.In the first-day plenary session, they "reached a considerable level of agreement on specific ways for cooperation," according to the Ministry of Science, ICT and Futur
April 28, 2016
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Hanyang University chief's work published in Nature journal
Research led by a local college president was recently published in the international weekly journal of science Nature, school officials said Thursday.It is rare for a local university leader’s work to be published in the international journal. Hanyang University said its study led by president Lee Young-moo on hydrocarbon fuel-cell membranes with surface nanocrack coatings was published in the latest issue of Nature. The study featured an innovative way to provide fuel cells, which are essentia
April 28, 2016
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Naver’s Q1 net profit up on strong global sales
Korea’s largest Web portal Naver saw its net profit rise 22.7 percent on-year during the first three months this year thanks to increased overseas sales.The Internet giant said that it logged 165 billion won ($144 million) in operating profit. Its sales came in at 937 billion won and its operating profit at 257 billion won. The figures were up by 26.6 percent and 32.1 percent, respectively.Naver’s robust overseas sales served as a major force behind the improvement in profit and it was mainly dr
April 28, 2016
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Samsung proves resilience with earnings surprise
Tech giant Samsung Electronics has posted surprising earnings in the January-March period on the back of strong sales of its mobile devices, beating market estimates.Its net profit jumped 13.6 percent to 5.25 trillion won ($4.56 billion) in the first quarter, according to the company’s regulatory filing on Thursday. The firm’s operating profit came to 6.68 trillion won -- higher than the market estimate of some 5 trillion won -- with its revenue standing at 49.8 trillion won. The figures were up
April 28, 2016
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[Photo News] Dongbu Daewoo pushes for retro design
Korea’s third-largest electronics firm Dongbu Daewoo Electronics rolls out new products of the “The Classic,” microwave lineup, featuring a retro design, in Seoul on Thursday. (Dongbu Daewoo)
April 28, 2016
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[Photo News] Samsung developer day
Samsung Electronics president and mobile business chief Koh Dong-jin (third from left) poses with young engineers during Samsung Developer Conference 2016 that kicked off Wednesday in San Francisco. Some 70 sessions on latest technologies such as the Internet of Things, smart TV and virtual reality are offered during the two-day event. (Samsung Electronics)
April 28, 2016
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Samsung to buy back W2tr shares
Samsung Electronics said Thursday it will buy back 2 trillion won ($1.7 billion) of its own shares in the third installment of its 11.3 trillion won buyback plan. The scheme will start Friday for three months, while the whole scheme is expected to be completed by later this year. In October, the company announced it would spend 11.3 trillion won to buy back and cancel shares over the next year. It is the company’s largest-ever payback scheme, following two others in 2007 and 2015, each worth 2 t
April 28, 2016