Most Popular
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Confusion over alleged S. Korean drone intrusion: Who's behind it?
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More homeroom teachers asking to be replaced amid teachers rights dispute
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Han Kang’s Nobel Prize opens new horizons for Korean literature
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N. Korea sends 20 more trash balloons toward S. Korea: JCS
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K-pop song once recommended by Nobel laureate Han Kang returns to music charts
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SK heiress weds Chinese American entrepreneur
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Biden proposes holding trilateral summit this year
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Riize speaks out on Seunghan’s return
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2 Filipinas who left pilot program cite overwork, excessive surveillance
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Jennie tops iTunes charts in 47 countries with 'Mantra'
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SK hynix unveils world’s first 321-layer NAND
SK hynix, the world’s second-largest memory chip maker, unveiled samples of the world’s first 321-layer NAND and next-generation memory solutions for AI demand at a global industry conference in the US on Wednesday. At the Flash Memory Summit, the world’s biggest annual conference for the NAND flash industry running from Tuesday to Thursday, SK hynix showcased its latest NAND flash chips and made public the progress on its development of the industry’s first NAND with mor
Aug. 9, 2023
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Samsung’s latest foldable phones set preorders record at home
Samsung Electronics’ new foldable smartphones -- the Galaxy Z Flip 5 and Fold 5 -- have yet to be launched, but preorder figures suggest that they are likely to be a super hit. The South Korean tech giant said Tuesday that preorders for the two models amounted to 1.02 million units in South Korea, setting an all-time high record for the form factor. The preorder record marked by the previous models was 970,000 units last year. While Samsung accepted seven-day preorders until Monday ahead o
Aug. 8, 2023
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KT to appoint new CEO upon shareholder approval later in Aug.
South Korean telecom giant, KT Corp., said Monday that its CEO nominee will be appointed as the company’s new chief by taking shareholders’ votes at the extraordinary shareholders meeting slated for the end of this month. KT Chief Financial Officer Kim Young-jin said at the company’s earnings conference that the firm will improve business performance in the latter half this year under a stable management system and strive to improve corporate value with the CEO nominee taking t
Aug. 7, 2023
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[KH explains] LK-99: Roller coaster of excitement, deflation
A South Korean research team recently created a buzz with a claim that it has created one of the holy grails in science -- a room-temperature superconductor called LK-99 – prompting researchers around the world into a race to replicate the experiment. Two weeks after their claimed discovery, no one has yet been able to completely reproduce the sensational result that could revolutionize power grids. Amid the mixed assessment on the research's validity, the Korean team, led by Lee Suk-
Aug. 7, 2023
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[Photo News] Streamlined air travel
The PASS Smart Ticket is demonstrated at a domestic airport gate, as the Korea Airports Corp. and the three major Korean telecom firms rolled out the new service Monday. The service, available at 14 major domestic airports including Seoul's Gimpo, Busan's Gimhae and on Jeju Island, enables users to verify both their ID and boarding pass in the PASS app — a digital ID service run by the telecom providers — on their smartphones. (SK Telecom, KT, LG Uplus)
Aug. 7, 2023
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[Photo News] Power demand nears peak
Real-time electricity usage is displayed at the Korea Electric Power Corp.’s Seoul branch on Monday. Electricity demand is expected to peak this week, amid a record-breaking heat wave that has persisted nationwide. The government said it will closely monitor the supply situation to prevent any interruptions. (Yonhap)
Aug. 7, 2023
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Samsung-backed Rainbow Robotics to co-develop firefighting robots
South Korean humanoid robotics company Rainbow Robotics said Monday it is joining a 17.4 billion won ($13.36 million) state-run project to develop robots specialized for firefighting. Overseen by the Korea Institute of Robot and Convergence, affiliated with the Ministry of Trade, Industry and Energy, the project aims to create two advanced firefighter robots by 2028. One robot is designed to navigate disaster zones, with the ability to swiftly and precisely locate human presence. The other is ex
Aug. 7, 2023
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[KH Explains] Competition heats up in foldable phones
Competition over the growing foldable smartphone market is growing fiercer, as Samsung seeks to maintain the market dominance it has enjoyed since the launch of its first foldable phone in 2019, while Chinese rivals are racing to catch up. Xiaomi and Oppo have reportedly passed the Chinese government’s certification and are expected to roll out their new foldable phones, the Mix Fold3 and Find N3, respectively, within this month, according to industry sources on Sunday. Chinese consumer el
Aug. 6, 2023
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Naver marks record operating earning in Q2, net profit jumps 80%
Naver, South Korea’s largest online portal, logged a record quarterly operating profit in the April-June period, backed by its strong performance in commerce, financial technology and content, the company said Friday. In a regulatory filing, the internet giant reported its sales posted 2.4 trillion won ($1.83 billion) in the second quarter this year, increasing 17.7 percent on-year and 5.6 percent compared to the previous quarter. The company’s operating profit stood at 372.7 billion
Aug. 4, 2023
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LG sets up $100m global startup investment fund with Clearbrook
LG Electronics said Thursday it has forged a strategic alliance with Clearbrook, a global investment advisory and asset management, to collaborate on a venture capital fund targeting more than $100 million. The venture capital fund, dubbed Nova Prime Fund, is aimed at fostering companies advancing innovations to build a better future, and will be investing in those participating in the Mission for the Future Program sponsored by LG Electronics' North America Center for Innovation, LG said.
Aug. 3, 2023
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Kakao plans new cost-efficient AI
Kakao, the operator of South Korea’s No. 1 messenger app KakaoTalk, said Thursday that it plans to introduce a new artificial intelligence foundation model to balance performance and cost efficiency, as well as services integrated to the model after October this year. Kakao CEO Hong Eun-taek said at the company’s earnings conference that he believes that a sole hyperscale model would not be suitable for providing every service under the most optimized conditions. “Many AI model
Aug. 3, 2023
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SK Inc. C&C to build Korea’s 1st alternative trading system
SK Inc. C&C, the IT solutions unit of SK Group, said Wednesday that it will build South Korea’s first alternative trading system, scheduled to launch in the latter half of next year. The IT service provider will construct a comprehensive operation and management system to support the trading, brokerage, solicitation and agency services for listed securities and depositary receipts that Nextrade will carry out with its official authorization in the following year. Nextrade is an alter
Aug. 2, 2023
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[KH explains] Japan’s reviving chip industry unlikely to pose direct threat to Korea – for now
Japan, which supplied more than half of semiconductors in the global market in the 1980s, is now seen revamping its strategy to reclaim past glory, introducing state subsidies and setting an ambitious goal to mass produce the most cutting-edge chips. As geopolitics is playing out to reshape the global semiconductors industry -- mainly the intense rivalry between the US and China -- eyes are on whether Japan will come to take a meaningful share in the market, where competition is already fierce.
Aug. 1, 2023
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Naver Pay eyes Chinese debut this year
Naver Financial, a financial platform owned by South Korean internet giant Naver, said Tuesday it aims to introduce a mobile payment system to be used at stores in China, allowing the company to provide a better shopping experience mainly for Koreans traveling there. The company has recently signed partnership agreements with Alipay Plus and China UnionPay, two of China’s top three mobile payment services that also include WeChat Pay, as it aims to launch its popular mobile payment servi
Aug. 1, 2023
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[KH Explains] Users abandoning Meta's Threads after explosive start in South Korea
Threads, the text-based social media platform built by Meta to rival Twitter, now called X, has seen a staggering decline in the number of daily active users in Korea, just within two weeks of its launch. Last Thursday, Meta CEO Mark Zuckerberg admitted that Threads has lost more than half of its users globally, after attracting more than 100 million signups, calling the regression normal and pledging to add more features to keep users engaged. The app has emerged as the first noteworthy social
July 31, 2023
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SK highlights groupwide outreach in 2023 report
SK Inc., the strategic investment holding company of South Korea’s second-largest conglomerate SK Group, published its annual environmental, social and governance reports Monday, including details of the company’s business management and climate-related finance plans. The company said it has released three such reports: the sustainability report carrying the company’s ESG management strategy; the Task Force on Climate-Related Financial Disclosure with the company’s climat
July 31, 2023
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LG CNS launches alliance to promote enterprise agility
South Korean IT solutions provider LG CNS said Monday it has formed a trilateral alliance with US-based Scaled Agile and Seoul-based cloud and agile service provider Open Source Consulting to strengthen its business in building and improving cloud-optimized applications. The three firms signed a memorandum of understanding to make joint efforts to explore and foster business opportunities for application modernization based on the Scaled Agile Framework, an enterprise agility framework provided
July 31, 2023
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[Beyond Earth] Contec leads Korea's space foray
Over 50 space companies from across the globe gathered on Jeju Island on June 28 to attend the opening ceremony of the International Space Summit. They came together to discuss trends in the space industry, in launch vehicles, ground station networks, satellite image analysis and other areas. The two-day ISS was organized by Contec, a local startup specializing in satellite-to-ground station services. “There has never been any space conference of such a size in our country,” Lee Sung
July 30, 2023
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Samsung calls 2023 milestone year for global foldable phone market
Samsung Electronics, who leads the world's foldable smartphone market, is confident it can solidify its position by selling over 10 million units of its new foldable smartphones globally this year. Samsung Electronics’ mobile head Roh Tae-moon said he sees 2023 being the "tipping point" when foldable phones gain mainstream adoption. “We expect global foldable phone shipments to exceed 20 percent of all Galaxy flagship smartphones this year,” Roh said during a pre
July 28, 2023
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SK Telecom-led global AI alliance launched
Led by South Korea’s SK Telecom, a new global alliance has been formed as four major telecommunications firms from South Korea, Germany, the United Arab Emirates and Singapore join hands to expand cooperation in the artificial intelligence business. The nation’s No. 1 telecom company in terms of subscriptions said Thursday that it hosted the Global Telco AI Alliance CEO Summit, a hybrid event held both online and offline, in Seoul and gathered key executives of Deutsche Telekom, e&am
July 27, 2023