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

Technology Aug. 1, 2023

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

Technology July 31, 2023

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

Technology July 31, 2023

Suga of K-pop phenomenon BTS has become the first user of Samsung Electronics’ latest foldable phone, the tech giant said Friday. Samsung Electronics said Suga will be the “first in the world to own a #GalaxyZFold5," via a post on Twitter, now called X. Held for the first time in Seoul, the Samsung Unpacked event "saw extra excitement and wonder to the already awe-inspiring event when one of our favorites, #Suga of @BTS_twt, came to #JoinTheFlipSide,” the post read. T

Industry July 28, 2023

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

Technology July 28, 2023

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

Technology July 27, 2023

Samsung Electronics on Wednesday unveiled its new Galaxy foldable smartphone series in Seoul in front of nearly 2,000 people, including journalists, industry experts, celebrities and influencers from around the globe. The South Korean tech giant held the summer edition of the Samsung Galaxy Unpacked 2023 event, at Coex in southern Seoul to introduce its latest foldable smartphone lineup -- the Galaxy Z Flip5 and the Galaxy Z Fold5. Samsung also unveiled the new Galaxy Watch 6 series and Galaxy T

Technology July 26, 2023

Samsung Electronics on Wednesday unveiled its new Galaxy foldable smartphone series with a bigger screen, lighter weight and a new hinge design, expressing confidence in realizing an “innovative foldable phone experience” for users. The South Korean tech giant kicked off the summer edition of the Samsung Galaxy Unpacked 2023 event at Coex in southern Seoul at 8 p.m., with some 1,500 journalists and industry people in attendance. Wednesday’s event was all the more special to Sam

Technology July 26, 2023

[코리아헤럴드=지예은 기자] 방탄소년단(BTS) 슈가가 삼성전자의 국내 첫 ‘언팩’ 행사에 깜짝 등장할 예정이다. 25일 코리아헤럴드 취재 결과, 슈가는 오는 26일 오후 8시 서울 코엑스에서 열리는 삼성전자의 ‘갤럭시 언팩 2023’에 게스트로 참석할 예정이다. 다만 현장에서 공연은 진행하지 않는다. 익명을 요구한 한 업계 관계자는 “삼성이 안방인 한국에서 진행하는 첫 언팩 행사에 슈가를 초대하기 위해 상당히 큰 노력을 기울인 것으로 알고 있다”고 말했다. 해당 관계자는 “그간 삼성이 ‘언팩’ 행사에 셀럽을 초청하는 것을 지양해 왔지만, 이번 행사의 경우 남다른 의미가 있기에 초대한 것으로 알고 있다”고 덧붙였다. BTS 멤버가 ‘언팩’ 행사에 직접 참석하는 것은 이번이 처음이다. 슈가 외 다른 멤버들의 참석은 확인되지 않았다. 삼성은 BTS 멤버들과 다

한국어판 July 25, 2023

Suga of K-pop phenomenon BTS is set to participate in Samsung Electronics' upcoming Galaxy Unpacked event, which will be the tech giant’s first unveiling of its flagship phones at home, according to industry sources Tuesday. “Suga will attend the event as a guest, but he will not be performing on the stage,” an industry official, who wished to remain anonymous, told The Korea Herald. Another source close to the matter also confirmed his appearance, saying, “Samsung p

Industry July 25, 2023

A group of South Korea’s leading companies in 10 major sectors including automobiles, shipbuilding, battery, robots and steel, agreed to form an alliance to strengthen competitiveness by linking and cooperating on value chains across industries with the latest artificial intelligence technologies, the Ministry of Trade, Industry and Energy said Tuesday. The Industry AI Alliance is comprised of the Ministry of Trade, Industry and Energy, public organizations and over 400 domestic firms, inc

Industry July 25, 2023

KakaoTalk has dominated South Korea’s messenger app market, as it connects people and offers numerous services affiliated from taxi-hailing to banking. While an increasing number of local users heavily rely on the messaging app, about 2.25 million people abroad, which take up over 4.2 percent of all users, fled from the messaging app in the past decade, according to the latest data from its operator Kakao. Launched in March 2010 as a free mobile messenger, the number of KakaoTalk’s m

Industry July 24, 2023

Samsung Electronics, the world's largest memory chip maker, appears to be lagging behind its rival Taiwan Semiconductor Manufacturing Corp. in terms of revenue from its global semiconductor business for four quarters in a row amid a protracted slump in the global economy. According to industry sources on Sunday, TSMC’s second-quarter revenue slipped 10 percent on-year to $15.53 billion. It slightly beat market expectations, but failed to avoid the impact of a chip recession caused by

Technology July 23, 2023

South Korea’s artificial intelligence startup Upstage said Thursday it has secured the top position in the global evaluation of large language models. The company’s 30-billion-parameter LLM scored 67 points, ahead of Meta’s LLaMa-2 (66.8 points) on the Open LLM Leaderboard operated by the AI platform, Hugging Face, as of Wednesday. Hugging Face’s leaderboard evaluates LLMs with less than 100 billion parameters on four key indicators: model’s reasoning challenge,

Technology July 20, 2023

SK Square, the investment arm of SK Group, has completed the process of selling a portion of its stake in its security service subsidiary SK Shieldus to EQT Partners, a private equity fund operated by Sweden's largest conglomerate, the Wallenberg Group, a filing showed Thursday. SK Square said it has sold 28.82 percent of its stake in Korea Security Holdings, the parent firm of SK Shieldus, for about 860 billion won ($684 million). EQT Partners acquired a 36.9 percent stake in SK Square and

Industry July 20, 2023