Most Popular
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Korean industries gauge impact of Biden's steep tariffs on China
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Do Korean doctors make too much money?
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Is FTC's conglomerate listing a boon or bane for Hybe?
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NewJeans to headline palace show
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Coupang's Kim Bom escapes chaebol chief designation again
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Why Korean crime stories typically feature nameless, faceless perpetrators
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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CIO chief nominee to explain allegations at confirmation hearing
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Yoon vows to run country 'rightly' on Buddha's birthday
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Debate on 'no-seniors zones' heats up
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KakaoTaxi draws 50m requests
Mobile messenger Kakao has made strides in its taxi-hailing business as the number of requests for KakaoTaxi crossed 50 million as of Sunday, the firm said Wednesday. Demand for the taxi-hailing app has boomed since its launch in March, seeing 1 million ride requests in less than two months. The number of taxis registered for the KakaoTaxi service has also been on the rise, with more than 190,000, or around 70 percent of all taxis nationwide, now partnering with Kakao.(KakaoTaxi) “Even though
Dec. 16, 2015
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LG Chem gains upper hand in lithium battery race
Battery-maker LG Chem said Wednesday that it has inked a deal with the world’s largest energy storage system company AES Energy to supply its lithium-ion battery modules. The ESS is considered a lucrative business and the battery units of Samsung and LG groups are fiercely seeking to gain an upper hand in the global market. LG Chem’s battery module for the energy storage system. (LG Chem)LG’s latest supply deal is the biggest of its kind in terms of its scale. The maximum battery capacity, accor
Dec. 16, 2015
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Samsung convenes regional heads for strategy meeting
Samsung Electronics on Wednesday started its annual global strategy meeting, with some 600 executives and heads of regional operations around the world in attendance. Samsung Electronics vice chairman Lee Jae-yong is also scheduled to join the meeting --the first this year. The one planned in the first half of this year was canceled due to the outbreak of Middle East respiratory syndrome. The mobile and home appliance divisions are holding a three-day meeting through Friday at the Suwon campus
Dec. 16, 2015
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Samsung to launch faster 128GB SD card for UHD contents
Samsung Electronics Co. said Wednesday it will roll out a new micro secure digital memory card with 128GB capacity that comes with a faster data transmission speed to handle Ultra HD video content. The South Korean tech giant, which released 32GB and 63GB editions of the PRO Plus SD cards in May. The data transmission speed stands at 90MB per second, which is around four times faster than other rival models, Samsung added. The company said the release came amid the booming popularity of UHD c
Dec. 16, 2015
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Samsung CEOs to pitch to carmakers
Samsung Electronics, which has recently renewed its push for automotive parts especially for self-driving cars, plans to appeal to global carmakers at the upcoming Consumer Electronics Show, or CES, in Las Vegas next month. The Korean tech giant announced last week it would set up a new team dedicated to car parts for futuristic vehicles like driverless cars. Even though Samsung has long produced batteries and chips for cars, it is the first time that it is entering the car business again with s
Dec. 15, 2015
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SK hynix CEO wins best industrial award
SK hynix CEO Park Sung-wook on Tuesday received a Gold Tower, also known as the Order of Industrial Service Merit, the country’s highest decoration for a businessperson, for contributing to the semiconductor industry and creating new jobs. Park, who took office in 2012, was especially honored for his continued efforts to hire talented people without considering their educational background. Of the new employees hired this year, more than 33 percent were high school or vocational college graduate
Dec. 15, 2015
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Kona I collaborates with Lenovo for wearable tech
Smart card solutions developer Kona I said Tuesday that it had signed a memorandum of understanding with the world’s largest PC maker Lenovo to join forces to develop security technologies for wearable devices and mobile payment.One of the security technologies to be deployed for the products of the Beijing-based PC maker is called the secure element, which is used to protect data stored in credit cards and smart cards, according to the Seoul-based smart card solutions firm.The Korean firm has r
Dec. 15, 2015
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‘Journey matters more than destination’
By Kim Young-wonGoogle chief executive Sundar Pichai urged Korean engineering students, would-be entrepreneurs and start-ups to shoot for the moon to achieve innovation.“Outcomes do not matter as much as people think,” the CEO said in a meeting held at Google’s start-up incubation center Campus Seoul in Gangnam, Seoul, on Tuesday. “If you look at stories and failures in Silicon Valley, it is important to understand that a journey matters much more than the outcome,” he added. It was his first vi
Dec. 15, 2015
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[Photo News] SKT joins hands with Dongbu Daewoo Electronics for smart home tech
COLLABORATION FOR SMART HOME -- Cho Young-hoon (left), head of SK Telecom‘s smart home TF, and Kim Hyeog-pyo, vice president of Dongbu Daewoo Electronics, pose at the signing ceremony of a memorandum of understanding in Seoul on Tuesday. The mobile carrier and the electronics maker will work together to launch home appliances which can be remotely controlled by SKT’s smartphone apps. (SKT)
Dec. 15, 2015
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Korea to make hydrogen cell cars more affordable, fuel demand
South Korea will fuel demand for hydrogen cell cars by making them more affordable and building up necessary infrastructure, the government said Tuesday. The plan aims to bring down prices of fuel cell electric vehicle from around 85 million won ($71,900) as of early this year to around 30 million won in 2018, that will give it price competitiveness vis-a-vis conventional vehicles, the Ministry of Trade, Industry and Energy said. This it said can help Asia's fourth largest economy reduce the a
Dec. 15, 2015
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[Photo News] Samsung smartwatch hits shelves
cap-SKT Samsung GearSAMSUNG SMARTWATCH HITS SHELVES -- Korea’s No. 1 mobile carrier SK Telecom said Monday it has exclusively launched Samsung Electronics’ Gear S2 Band Classic, a standalone smartwatch that enables users to send text messages and make calls without being paired to a handset. (SKT)
Dec. 14, 2015
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[Photo News] LG oven range recognized for innovation
LG OVEN RANGE RECOGNIZED FOR INNOVATION --LG Electronics said Monday its premium oven range, dubbed the LG Studio, had been picked as the 2015 Product of the Year in the kitchen and bath category by leading U.S. monthly magazine Architectural Record. (LGE)
Dec. 14, 2015
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Instagram posts fastest growth in Korea
The number of subscribers for Facebook-owned social-networking service Instagram in Korea grew at the fastest pace in the world this year, according to Facebook Korea on Monday. Benjamin Joe, the country manager of Facebook Korea, announced this during a press meeting at the firm’s head office in Seoul. Although he refused to reveal the exact number of users here, he said the entire number of users worldwide crossed 400 million and is on the rise. Facebook Korea country manager Benjamin Joe s
Dec. 14, 2015
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Telecom carriers to see drop in revenue
South Korea’s big three telecom carriers ― SK Telecom, KT and LG Uplus ― are expected to see an unprecedented drop in their combined revenue this year amid rapid market saturation. According to market analyst FnGuide, their combined revenue is set to fall to 49.6 trillion won ($42 billion) this year, about 4 percent down from last year’s 51.5 trillion won. KT would see the largest drop to 21.8 trillion won from 23.4 trillion won, while SK Telecom expects a fall to 17.1 trillion won from 17.8 tr
Dec. 13, 2015
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[Photo News] LG runs campaign for environment with UNESCO
LG’S UNESCO CAMPAIGN -- Participants of the 2015 United Nations Climate Change Conference COP21 watch LG Electronics’ organic light-emitting display TV featuring royal penguins on Macquarie Island, Australia. The South Korean tech giant ran a campaign with UNESCO to raise awareness of natural assets and endangered species at the conference held from Nov. 30 to Friday.(LGE)
Dec. 12, 2015
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Samsung’s top execs to meet next week
Samsung Electronics said Friday it will hold a global strategy conference with its top executives from regional branches overseas and business unit heads in Korea next week under the theme of “businesses in a low-growth era.” The company’s vice chairman Lee Jae-yong and three chief executives ― Kwon Oh-hyun, Yoon Boo-keun and Shin Jong-kyun ― will join the conference, which is regularly held twice a year.Attention is being paid to whether the top Samsung executives in the conference would discus
Dec. 12, 2015
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Top LG executive acquitted of vandalizing Samsung washers
The Seoul Central District Court on Friday acquitted LG Electronics’ home appliance and air solutions CEO Jo Seong-jin and his two aides on charges of wrecking washers of rival company Samsung Electronics, citing a lack of evidence.Samsung filed lawsuits earlier this year against Jo and a top executive for damaging its washing machines at the SATURN Berlin Europa-Center and SATURN Berlin Steglitz in Germany during the IFA trade show in September last year. Another public relations executive was
Dec. 12, 2015
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Mobile transactions brisk at online malls
Online payments using mobile devices have continued to rise in South Korea this year thanks to the widespread use of smartphones and easier transaction options tailored for tech-savvy consumers, industry data showed Friday.11th Street and GMarket, the nation's two leading open market operators, received about half of their online payments via mobile last month, the companies said, without elaborating on the total amount.The average mobile transaction ratio for 11th Street added 13 percentage poi
Dec. 11, 2015
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LG CNS CEO stresses pragmatic management
LG CNS president and CEO Kim Young-sub stressed pragmatic approach at work for better communication and efficiency in his inauguration message to employees Thursday. Kim, former senior vice president at LG Uplus, took office as new CEO of LG CNS, the IT solutions unit, last month. Prior to working at LG Uplus, he had served diverse positions at LG CNS, including chief financial officer, for 11 years. “It is great to come back,” he said. “I also feel heavy responsibility about my new task.” He as
Dec. 10, 2015
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[Photo News] SKT opens lab for virtual reality
SKT OPENS LAB FOR VR -- SK Telecom launched a research and development center Thursday for virtual reality technology called the OpenNFV Lab together with network equipment firm Hewlett Packard Enterprise in Bundang, Gyeonggi Province. In the photo, Park Jin-hyo (fifth from left), head of SKT’s network technology research and development center, poses with officials from both firms at the opening ceremony of the lab.(SKT)
Dec. 10, 2015