Most Popular
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Jennie, Stray Kids's Met Gala attendance puts them on 'digital guillotine' blacklist
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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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Another suspect behind murder of Korean tourist in Pattaya arrested in Cambodia
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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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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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Yoon vows to run country 'rightly' on Buddha's birthday
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CIO chief nominee to explain allegations at confirmation hearing
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LG Chem inks German battery deal
South Korea’s leading battery-maker LG Chem said Monday that it has secured a deal worth millions of dollars to supply its batteries for a project to build the world’s largest energy storage system for frequency regulation in Germany.The company’s lithium-ion batteries will be utilized in a project led by German power generator Steag to build the ESSs for frequency regulation in six regions in Nordrhein-Westfalen and Saaerland, Germany, in 2016.The ESS for frequency regulation is used to maintai
Nov. 9, 2015
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[Photo News] Samsung smartwatch lures Middle East
SAMSUNG SMARTWATCH LURES MIDDLE EAST -- Samsung Electronics said Sunday that it would run the Galaxy Studio in Dubai until Oct. 21 to showcase its Samsung Gear S2 smartwatch featuring a round face for the first time in the Middle East. (Samsung)
Nov. 8, 2015
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[Photo News] LG OLED eyes European market
LG OLED EYES EUROPEAN MARKET -- LG Electronics said Sunday it will run the OLED TV Roadshow until Nov. 16 at Beaugrenelle, a shopping mall in Paris, where the firm will promote its organic light-emitting diode TVs. (LGE)
Nov. 8, 2015
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Wireless carriers seek to gain upper hand in pay TV market
Given the saturated wireless network market, Korean mobile carriers have been shifting their focus to pay TV in an effort to secure new revenue sources. Pay TV services including Internet Protocol TV or cable TV are among those areas where the network providers have been competitively trying to increase their presence in recent years. The latest move was made earlier this week by SK Telecom, the largest mobile carrier in Korea in terms of subscribers, when it announced that it would take over c
Nov. 8, 2015
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Samsung tops smartphone sales in 5 major global markets
Samsung Electronics topped smartphone sales charts in five global markets in the July-September period, according to an industry report Sunday.The tech giant took the top spot in five regions -- Western Europe, Asia-Pacific, Central and South America, Eastern Europe and the Middle East and Africa.Samsung shipped a total of 83.8 million smartphone units during the three-month period -- 15.3 million in Western Europe, 23.2 million in Asia-Pacific, 11.8 million in Central and South America, 69 mill
Nov. 8, 2015
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Samsung faces probe over merger deal
Authorities are poised to slap sanctions on Samsung Group for violating equity investment regulations when it merged Samsung C&T with Cheil Industries in September. The Fair Trade Commission said Friday it was investigating whether the merger deal has created any new cross-shareholdings among Samsung affiliates or strengthened their existing cross-shareholding structure. (Yonhap)The current antitrust rules prohibit conglomerates from creating a new circular ownership among affiliates through eq
Nov. 6, 2015
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Korea to ease tech, medical regulations
The South Korean government Friday unveiled plans to ease regulations on drones and self-driving cars, paving the way for the futuristic technologies to spur related industries. The plans were given in a brief when President Park Geun-hye presided over the fourth regulatory reform ministerial meeting at Cheong Wa Dae. “Deregulation is crucial to secure our future growth engines and to revitalize the economy,” said the president, calling for parliamentary support for the passage of related bills
Nov. 6, 2015
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Instagram appeals to marketers in Korea
Instagram, the photo-sharing mobile application owned by Facebook, is aiming high with its advertising business in Korea, one of its fastest-growing markets. “Korea is one of the fastest-growing markets for Instagram, with the number of users soaring 100 percent over the past year,” said Benjamin Jo, head of Facebook Korea, at a media event in Seoul on Thursday, declining to give detailed numbers. “The service’s flexibility allows us to expand ties with diverse Korean companies, both big and sm
Nov. 6, 2015
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Korea to speed up tech, medical regulations
The South Korean government Friday unveiled plans to ease regulations on drones and self-driving cars, paving the way for the futuristic technologies to spur related industries. The plans were given in a brief when President Park Geun-hye presided over the fourth regulatory reform ministerial meeting at Cheong Wa Dae. “Deregulation is crucial to secure our future growth engines and to revitalize the economy,” said the president, calling for parliamentary support for the passage of related bills
Nov. 6, 2015
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Korea to begin road test of self-driving cars in Feb.
South Korea will soon begin a road test of self-driving cars as part of efforts to develop and commercialize new growth engines that include unmanned aerial vehicles, the government said Friday. The road test of self-driving cars will begin as early as February as the government designated small sections of expressways for the purpose late last month, according to the Ministry of Trade, Industry and Energy. "The plan comes as part of government efforts to develop and foster new industries part
Nov. 6, 2015
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3-4 shots of soju a day can help prevent strokes: experts
A few shots of soju, the most popular liquor in South Korea, a day can significantly lower the risk of strokes among males, a team of lcoal researchers said Friday. According to the team of neurologists at Seoul National University hospital in Bundang, drinking three to four shots of soju reduced the possibility of suffering a stroke among males by around 50 percent. It is the first time that soju, a diluted beverage containing ethanol and water, has been found to be helpful in preventing stro
Nov. 6, 2015
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Court rules Apple not liable to compensate for tracking users' location
An appeals court on Thursday ruled against South Korean iPhone users who filed a damages suit against Apple Inc. for collecting their location information without their consent.The Busan High Court, upholding a lower court's ruling, dismissed the complaint filed against the U.S.-based tech firm and its local unit, Apple Korea, seeking 1 million won (US$879) each in compensation, saying there was no leakage of private data.While acknowledging the illegality of Apple's collection of data, the cour
Nov. 5, 2015
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Kakao to launch mobile chauffeur service
Kakao, operator of Korea’s most-used mobile messenger, announced on Thursday its plan to launch a mobile chauffeur service Kakao Driver.The new smartphone-based service is in line with the company’s efforts to integrate offline services into mobile businesses. Kakao’s chauffeur application Kakao Driver. (Kakao)Kakao Driver is aimed at “creating a healthy business environment through competition and providing more choices for users,” the company said in a press release. Kakao had previously deni
Nov. 5, 2015
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[Photo News] LG nurtures global talents
LG NURTURES GLOBAL TALENTS -- LG Group chairman Koo Bon-moo (left) poses with one of Global Challenger 2015 winners in Seoul on Thursday. The annual Global Challenger competition grants winners a range of benefits including scholarships for overseas expeditions, and employment and internship opportunities. (LG Group)
Nov. 5, 2015
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[Photo News] LG Uplus upgrades IPTV service
LG UPLUS UPGRADES IPTV SERVICE -- Mobile carrier LG Uplus unveils its “curation TV service,” which assigns video-on-demand on around 500 virtual channels arranged in six groups by genre. The curation TV service, which will be available for LG Uplus IPTV subscribers, also allows users to watch TV programs or films featuring their favorite stars on certain channels. (LG Uplus)
Nov. 5, 2015
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Ex-Kakao CEO indicted for neglecting porn controls
Former Kakao CEO Lee Sir-goo was indicted for allegedly neglecting his duty to block sexually explicit content from being circulated via the company’s social network service Kakao Group, the state prosecution said Wednesday. According to investigators, he was accused of violating the country’s Youth Protection Law by not taking action to block or prevent the spread of pornography from reaching young people. Lee resigned in August, but remains at the company in a supporting role for new CEO Rim J
Nov. 5, 2015
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LG Twin Wash hits U.S. stores
LG Electronics on Wednesday started selling its new dual-load washing machine, Twin Wash, in the U.S. where the Korean tech giant is the No. 1 washer maker in terms of sales. Starting at Best Buy this month, the LG washer will hit major retailers such as Home Depot and Lowe’s by the end of this year. The Twin Wash is the industry’s first front-load washing machine that comes attached with an optional smaller washer on the bottom. The dual-load system allows users to wash two loads of laundry si
Nov. 5, 2015
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[Herald Interview] CrucialSoft eyes soaring global mobile authentication solution market
The rise of mobile payment in recent years requires device makers and software developers to have hack-proof solutions fitted in their products and services to ensure safe and convenient financial transactions.Pyun Baek-bum, chief executive of CrucialSoft, said that security solutions adopting the FIDO or Fast Identity Online standards, a set of authentication technologies aimed at enhancing interoperability of identification solutions in mobile devices, have a competitive edge over other authen
Nov. 4, 2015
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NCSoft to renew focus on mobile games next year
After its earnings during the July-September period nosedived, game developer NCSoft vowed to beef up its global operations, especially in the mobile game segment.Yoon Jae-soo, chief financial officer of the Korean game company, said in a conference call Wednesday that the company would recruit “up to 100” more developers at its mobile game studio in Silicon Valley. NCSoft CEO Kim Taek-jin.The announcement is in line with the company’s initiatives to diversify its business portfolio in order to
Nov. 4, 2015
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Nexon seeks spotlight at G-Star game show
This year’s exhibition at the largest game trade show G-Star 2015 to be held in Busan next week will be full of hands-on experiences, according to Korean game developer Nexon on Tuesday. At a media briefing in Seoul for a preview, Nexon said it would unveil a total of 15 new online and mobile games during the event to be held from Thursday through Sunday in the nation’s second-largest city. Lee Jeong-hun, vice president of the game company, delivers a speech at the preview session for the G-Star
Nov. 3, 2015