Articles by Shim Woo-hyun
Shim Woo-hyun
ws@heraldcorp.com-
SK Broadband ups support for online classes amid pandemic
Korean internet network operator SK Broadband has been continuing support for online classes upon sudden demand during the novel coronavirus pandemic, the firm said Tuesday. SK Broadband is currently the content delivery network provider for Educational Broadcasting System, a public broadcasting organization that provides online classes. SK Broadband previously increased the network capacity for EBS from 300 megabits per second to 1 terabit per second. Recently, the company added 2 Tbps to th
Technology April 28, 2020
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Korean telecom firms’ operating profits to drop in Q1: report
Korean telecom firms are expected to see decreases in their operating profits in the first quarter this year, according to a market report on Tuesday. The report by FnGuide said that the operating profits of the three major telecom companies are likely to decline due to the sluggish economy amid the COVID-19 outbreak, though they avoided major damage from it. Their sales, however, are expected to increase, backed by a sales increase in media units, as well as revenues from 5G network subscribe
Technology April 28, 2020
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Korea ups investment to self-produce parts in space development
South Korea’s Science Ministry on Monday said that it will inject 211 billion won ($170 million) into space research to help the nation’s space industry produce key parts of launch vehicles and satellites. The Ministry of Science and ICT’s “Space Pioneer” research project passed a feasibility study Monday, which approved the investment of 211 billion won from 2021 to 2030. The ministry will provide 58 billion won in the launch vehicle area and 137 billion won i
Technology April 27, 2020
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S. Korea pushes to make COVID-19 test scheme international standard
The South Korean government on Sunday said it plans to hand in the nation‘s test-and-quarantine scheme to the International Organization for Standardization (ISO). The Ministry of Trade, Industry and Energy, the Ministry of Health and Welfare and the Ministry of Food and Drug Safety will together compile detailed measures used in the nation’s drive-thru and walk-thru testing facilities, as well as those related to public medical facilities built to counter the recent viral outbreak
Industry April 26, 2020
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Hyundai Mobis taps global automakers with sunroof airbag
Hyundai Mobis said Sunday the company is focusing on enhancing the reliability of its roof airbag to take the lead in the global market. The South Korean company’s roof airbag was first developed in 2017, designed to protect passengers from being ejected from sunroofs in rollover accidents. The airbag can deploy and cover the whole roof in 0.08 seconds. Hyundai Mobis’ roof airbag has recently received interest from the global car markets as a safety measure to reduce the number of
Industry April 26, 2020
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Pay with your face: LG CNS unveils facial recognition payment system
LG CNS announced Thursday that the company has introduced a facial recognition payment system using cloud server and blockchain technology. The Korean company’s new payment system uses a kiosk equipped with artificial intelligence specialized in recognizing facial biometrics to identify customers. The payment system then proceeds with payments by accessing customers’ account data encrypted in the cloud server. The company said the AI-based payment system is much more convenient th
Technology April 23, 2020
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ICT Ministry hosts ‘untact’ IR for startups
The Ministry of Science and ICT on Thursday held an online conference to match local information and communication technology startups with investors. The event, titled “Untact IR” in reference to the trend for non-face-to-face contact, is a weekly online conference that has been hosted by the ministry since April 9 and is designed to increase exchanges between investors and companies amid the viral outbreak. During the three-hour online conference, local firms promoted their busi
Technology April 23, 2020
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Hyundai to export hydrogen fuel cell tech
The Ministry of Trade, Industry and Energy announced Monday that it has approved Hyundai Motor’s export of hydrogen fuel cell technologies. The top automaker in South Korea will export its hydrogen fuel cell solution to two companies based in the United States and the Europe. It hopes to be the first Korean firm to export hydrogen fuel cell technologies abroad. The Trade Ministry said that the decision has been made to support the Korean automaker to increase its foothold in the global
Industry April 20, 2020
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[News Focus] Telecom firms plan to commercialize millimeter-wave 5G network
Korea’s major telecom firms are gearing up to commercialize an ultrafast millimeter-wave 5G network this year, starting with the business-to-business sector, according to industry sources Monday. The next-generation 5G network uses mmWave technology to transmit large data packets at faster speeds. In theory, on the 28-gigahertz band the network speed could reach 20 gigabits per second. Samsung Electronics announced that it has tested a high-frequency 5G network station, confirming that
Technology April 20, 2020
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Apple to reopen Seoul store Saturday
Apple will reopen its Seoul store on Saturday, the company said Thursday. The branch, located in Garosugil in Gangnam-gu, will be the first store outside of China to reopen. Apple previously closed all stores outside of China amid the viral COVID-19 pandemic, and hundreds of Apple Stores around the globe remain closed. “South Korea has shown great progress during the spread of COVID-19 and we’re excited to announce the re-opening of Apple Garosugil. We look forward to seeing our
Industry April 17, 2020
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NCSoft to purchase W800b property to build new headquarters
NCSoft has submitted a letter of intent to purchase a 800 billion-won property in Seongnam, Gyeonggi Province, sources said Friday. A consortium led by the online games giant was the sole bidder for the property, which is a public parking lot. Kakao, a South Korean internet giant based in Pangyo, was known to have shown interest in the purchase. But the company made no action by the Thursday deadline. The city government is expected to choose NCSoft as its preferred bidder by June 5 and fin
Industry April 17, 2020
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Homeplus members jump 153% to 300,000
South Korean discount chain Homeplus said Wednesday that the number of customers joining its membership programs has surpassed 300,000. The number of members reached 301,225 as of April 14, up 153 percent on-year from 119,127. Since 2018, Homeplus has been operating seven membership programs based on product categories such as wine and kids’ products. Each membership program regularly offers special discounts with events on a monthly basis. The jump in membership has led to an increa
Industry April 15, 2020
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Netflix sues SK Broadband, refuses to share internet network costs
Video streaming giant Netflix has sued local internet network operator SK Broadband, according to industry sources Tuesday. The Korean unit of the US-based firm has reportedly filed a civil suit at the Seoul Central District Court arguing that it is not liable to pay for using SK Broadband’s internet network or other maintenance or upgrade costs. The two companies have been clashing over the issue since last year, as the Korean provider asked the traffic-heavy streaming service to shar
Technology April 14, 2020
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KT is still after D’Live
KT on Wednesday said that it is still considering options to acquire local cable TV operator D’Live. According to a regulatory filing Wednesday, it is still discussing options of acquiring the cable TV operator, but no details have been confirmed yet. The company added it is current exploring various choices to strengthen its pay TV business. The latest official comment on the acquisition of D’Live came in six months since it showed its intention to purchase the local cable TV op
Technology April 8, 2020
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South Korean research institute develops low-cost cold-chain safety sticker
The Korea Research Institute of Chemical Technology on Tuesday announced that it has invented a cold-chain safety sticker that allows one to tell whether frozen food products have been mishandled during delivery. The nanofiber-film sticker, which costs around 120 won (1 cent) to produce, can be used when transporting different types of frozen foods, as well as expensive medicines and medical supplies, the research team said. The cold-chain sticker is designed to indicate how long frozen food
Technology April 7, 2020
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