Articles by Shim Woo-hyun
Shim Woo-hyun
ws@heraldcorp.com-
LG CNS bags W120b deal in S. Korea
LG CNS said Friday it has been selected as preferred bidder for a new social security solution provider for the Ministry of Health and Welfare’s 122 billion won ($97.2 million) project. LG CNS’ consortium and Deloitte Consulting bid for the deal. Previously Samsung SDS was expected to join the competition, but it withdrew after reviewing feasibility. The new social security solution of LG CNS will substitute the ministry’s existing computer system built in 2009, which was u
Technology March 20, 2020
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KT’s new CEO meets with stock market experts amid stock price plunge
KT’s new CEO Koo Hyun-mo held closed-door meetings with stock market experts this week on the company’s future strategy following a plunge in share prices, industry sources said Friday. The meetings on Tuesday and Thursday came after the South Korean telecommunications giant’s stock fell below the 20,000 won ($16) bar amid the ongoing coronavirus crisis. KT’s stock sold for around 27,000 won at the end of 2019. But it failed to bounce back, even after the company chose
Industry March 20, 2020
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Naver to show news commenters’ full user names, comment histories
South Korean internet giant Naver said Wednesday that the company will display the user names and comment histories of users who post replies on news stories on its platform. The new online comment system will be in place Thursday. The change is intended to prevent abusive behavior online, the company explained. Naver’s anonymous comment system has often been criticized for allowing abusive and disparaging comments. Commenters’ user names are partially hidden, with only the first
Technology March 18, 2020
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OB’s flagship Cass wins 2020 Korea Wine and Spirits Award
Cass, the leading domestic beer brand produced by Oriental Brewery, has won the 2020 Korea Wine and Spirits Award for five consecutive years. In January this year, OB’s Cass won the top prize at 2020 Korea Brand Hall of Fame, presented by the Institute for Industrial Policy Studies, the company said Wednesday. Cass is OB’s flagship lager beer here first introduced in 1994. Its market share in the local beer market in 2019 reached 36 percent with 1.19 trillion won of sales, accor
Industry March 18, 2020
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Exports to China recover in March
South Korea’s exports to China have been showing signs of recovery in March, as the two nations reel from the impact of the coronavirus outbreak, data from the government and the industry showed Tuesday. Korea’s daily exports to China for the period of March 1-10 reached $436 million, a 20.8 percent increase compared to the same period in February this year. Korea’s daily exports to China, however, was still 8.2 percent lower than that of the same period in last year at $47
Industry March 17, 2020
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Kakao founder Kim Beom-su disposes of Kakao’s first headquarters building
Kakao founder and Chairman Kim Beom-su sold a building located in Seoul’s Yeoksam-dong in Gangnam-gu for 38.2 billion won ($31.2 million) last year, according to local reports Monday. The building was used as Kakao’s first headquarters. Kim purchased the building for 29 billion won in 2011 together with Chun Yang-hyun, executive chairman of Cocone. In 2013, Kim bought Chun’s share in the building for 17 billion won and became the sole owner. Kakao’s headquarters moved
Technology March 16, 2020
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Kakao sells part of stake in Hanjin KAL
South Korean internet giant Kakao has sold part of its stake in Hanjin KAL, having previously been expected to support Cho Won-tae in a family feud over the control of Hanjin Group, according to industry sources Monday. KaKao’s stake in Hanjin KAL, the holding entity of Hanjin Group, is now lower than 1 percent, down from a previous 2 percent, according to the sources. Kakao said that the sale of several stock items was a way to counter potential uncertainty in the market amid the coro
Industry March 16, 2020
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Korean conglomerates to hold shareholders meeting despite COVID-19
A total of 314 South Korean companies, including Samsung Electronics, Hyundai Motor and SK hynix, will hold shareholders meetings this week. The companies have rolled out measures to counter concerns over potential spread of the coronavirus at the meetings. Samsung Electronics’ annual shareholders meeting is scheduled for Wednesday at Suwon Convention Center in Suwon, Gyeonggi Province, with around 2,000 seats available. Samsung Electronics previously asked shareholders to make extensiv
Industry March 15, 2020
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Telecom call center employees to work from home
South Korea’s three largest mobile carriers -- SK Telecom, KT and LG Uplus -- announced on Thursday that they will minimize the number of call center employees who commute to their offices, after the packed working environment was found vulnerable to the viral infection. The decision came after some 90 people at a Seoul-based call center were tested positive for COVID-19 as of Wednesday afternoon. SKT said it has currently allowed 1,500 call center employees -- about 25 percent of the w
Industry March 12, 2020
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Samsung’s compliance committee to address corporate succession, labor issues
Samsung Group’s seven-member compliance committee on Thursday announced three major agendas after its first meeting. The newly established committee addressed issues related to corporate succession, labor unions and communication with the local society. The committee said it will deliver detailed proposals to Samsung’s de facto leader Lee Jae-yong, all Samsung affiliates and press outlets as soon as possible. Led by former Supreme Court Justice Kim Ji-hyung, the committee added
Industry March 6, 2020
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Samsung releases Galaxy S20 worldwide
Samsung Electronics on Friday launched its flagship smartphone Galaxy S20 models in 20 nations, including the US, Canada, Singapore, Vietnam, Puerto Rico and others -- with plans to release them in 130 nations by end-March. The new smartphone model comes in three types: 6.2-inch Galaxy S20, 6.7-inch S20 Plus and the 6.9-inch S20 Ultra. All the three variants support 5G network and camera system that utilizes artificial intelligence technology and the company’s high-end image sensor. Ho
Technology March 6, 2020
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LG CNS spins off AI-based customs solution developer
LG CNS said Thursday that its in-house unit Hempking -- launched in 2018 -- has been spun off after the success of its customs service system that utilizes artificial intelligence and robotic process automation technologies. The newly developed solution can reduce the time required for customs clearance. Instead of the five hours it takes for a single item cargo the time can be cut down to five minutes, according to the company. The AI-based computer program uses optical character reader to r
Technology March 5, 2020
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Kakao chairman donates stocks worth W2b to help fight coronavirus
Kakao founder and Chairman Kim Beom-su has pledged to donate his stocks worth 2 billion won to help combat the nationwide spread of COVID-19, the firm said Wednesday. The company will also separately match the amount. Kim has decided to give 1,100 stocks, based on the day’s closing price, amounting to around 1.97 billion won. Details of where and how the donations will be delivered are yet to be announced. South Korea’s leading online company has been encouraging relief activit
Industry March 4, 2020
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유튜브, 코로나 바이러스 악용한 콘텐츠에 광고 제한 경고
유튜브가 콘텐츠 광고 가이드라인에 코로나 바이러스와 관련 예시를 최근 추가했다. 코로나 바이러스 관련 콘텐츠를 통한 불합리한 수익 활동에 대한 모니터링을 명시한 것이다. 업계 관계자에 따르면 코로나 바이러스 관련 예시를 명시한 것은 2월 중에 한 것으로 알려졌다. 유튜브가 적용하고 있는 ‘광고주 친화적인 콘텐츠 가이드라인’에 따르면, 보건 위기와 관련된 콘텐츠는 광고 게재에 적합하지 않을 수 있다. 일정 요건을 갖춘 크리에이터가 본인의 콘텐츠 앞에 광고를 올리고 수익화하려면 사전에 유튜브에 신청하고 동의를 구해야 하는데, 이 과정에서 광고가 제한되거나 배제될 수 있는 셈이다. 유튜브의 가이드라인은 ▷부적절한 언어 ▷폭력 ▷성인용 콘텐츠 ▷증오성 컨텐츠 그리고 ▷논란의 소지가 있는 문제 및 민감한 사건 등에 해당할 때 광고를 제한한다. 전 세계 보건 위기 관련 콘텐츠는 ‘논란의 소지가 있는 문제 및 민감한 사건’에 해당된다. &lsq
한국어판 March 4, 2020
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Samsung SDS, Credorax ink blockchain-based financial services partnership
Samsung SDS has signed a memorandum of understanding with Credorax, an Israel-based fintech and smart payments provider to nations in the European Union and European Economic Area, according to the company on Wednesday. The two companies will cooperate on Samsung SDS’ Nexledger Universal platform to develop a blockchain-based finance solution for bank and merchants so they can automatically reconcile payments, remittances and invoices with their bank records. The partners also aim to d
Technology March 4, 2020
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