Most Popular
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[Hello India] India makes fresh overture to lure Korean financial firms
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LGBTQ+ dating app ad taken down 4 days later due to complaints
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NK sends over 1,000 trash balloons to S. Korea in last 5 days
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Opposition slams Yoon for failing to secure formal apology from Japan
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[Reporter’s Notebook] Why are so many districts in Seoul hopped up on beer fests?
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German frigate visits Incheon on Indo-Pacific mission
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Court upholds stripping license of taxi driver who repeatedly overcharged foreign passengers
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[KH Explains] NCSoft pins hopes on new titles to stop bleeding
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Family of late K-pop star Jonghyun launches counseling program for young artists
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K-festa looks to boost Korea's performing arts market
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Samsung offers pickup repair service in Ukraine
Samsung Electronics is offering free pickup and delivery repair service for customers in war-torn Ukraine. According to its Ukraine unit on Tuesday, the Korean tech giant will pick up mobile devices to be repaired for customers living in areas where its service centers cannot be operated, and then deliver the devices to their homes. All of Samsung’s mobile devices, including smartphones, tablets and smartwatches, are subject to the pickup service, with all costs being covered by the com
April 19, 2022
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Korean researchers develop robotic catheter
South Korean researchers have developed the country’s first robotic catheter system that can be inserted into human organs to perform interventional therapies, the Korea Institute of Machinery and Materials said Monday. A catheter is a thin tube-like medical device that can be inserted in the body to treat diseases or perform surgical procedures. Interventional therapies, which refer to treating surgery-requiring-diseases through non-surgical procedures, have been implemented in a wide r
April 18, 2022
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ArkData completes disaster recovery system for Kyungpook Univ.
Local data replication solution provider ArkData said Monday that it has successfully completed the development of a disaster recovery system for Kyungpook National University in the southeastern city of Daegu. The project aims to protect the school’s student database and prevent business disruptions caused by data center failures or natural disasters. ArkData, specialized in data replication and integration, provides business continuity planning and disaster recovery solutions. The c
April 18, 2022
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SK Telecom’s digital remastering technology Supernova going global
SK Telecom’s artificial intelligence-powered digital remastering technology Supernova is going global in a new partnership with France’s Verimatrix, a leading provider of content security solutions, the Korean telecom giant said Monday. Supernova aims to recreate digital content by using AI-powered colorization tool, called DeOldify. The technology has already been widely used in remastering classic content or restoring historic records here. Its smartphone app made its global debu
April 18, 2022
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[Market Eye] Is Arm M&A still a pipe dream?
Antitrust hurdles brought down a $40 billion deal in February, which would have otherwise allowed graphic processor giant Nvidia to control United Kingdom-based chip design giant Arm. A few months later, there are signs that a consortium of strategic investors is building, joined by South Korea-based memory chip maker SK hynix. The consortium is looking to salvage what was considered the largest deal in the history of the global chip industry. All eyes are on whether the consortium would be a
April 17, 2022
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Google Korea logs W292b in sales without app store transaction fees
Amid the ongoing controversy over Google’s new in-app payment policy deemed Google Korea posted sales of 292 billion won ($237 million) from last year, up 32.8 percent on-year - but that did not include commission from the Play app store, estimated to be trillions of won. According to the regulatory filing submitted by the Korean arm of the global IT giant on Thursday, Google Korea’s operating profit recorded 29.4 billion won, up 88.4 percent on year, while its net income rose 152.
April 15, 2022
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Korean startup exports League of Legends AI analysis program
South Korean startup GameEye has signed contracts with five esports teams for them to use Deeplol Pro, the company’s artificial intelligence-based gaming data analysis program, the firm said Friday. The startup signed the deals on Thursday to five undisclosed League of Legends teams, each in Argentina, Brazil, Japan, Korea and the United States. GameEye said it would target more LoL teams in North America, South America, Europe and Asia with the AI-powered service. Deeplol Pro uses the
April 15, 2022
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Netflix sales jump 52% in Korea
Netflix’s South Korean arm raked in 631.7 billion won ($513 million) in revenue through 2021, up 52 percent from a year prior, a filing showed Friday. The platform’s blockbuster performance in Korea reflects its increasing clout over the streaming service market here, largely thanks to Korean-language hits such as “Squid Game” and “Hellbound.” It also however highlights the “network usage fee” debate in Korean court and parliament. According to
April 15, 2022
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PTSD treatment mechanism unlocked for 1st time
The Institute of Basic Science has identified the scientific mechanism of post-traumatic stress disorder treatment for the first time in the world through animal experiments, the Ministry of Science and ICT said Thursday. According to the ministry, the researchers used the PTSD treatment NYX-783, which is currently under clinical trials by the US biopharmaceutical company Aptinyx, for animal experiments using mice and discovered the principle of its treatment effects. In doing so, the resear
April 14, 2022
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SK Telecom buys stake in 3D motion graphics firm in metaverse push
South Korean telecommunications giant SK Telecom said Wednesday it has agreed to buy a stake in Morph Interactive, a Seoul-based three-dimensional motion graphics company, in a move to bolster a strategic partnership for accelerating its metaverse push. The deal terms, such as acquisition cost and the amount of Morph Interactive’s stake, was undisclosed upon the consent of the two companies. Morph Interactive has been dedicated to real-time 3D visual effects on Unity’s game engine
April 13, 2022
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KT to launch telemedicine pilot in Vietnam by 2022
South Korean telecommunication firm KT said Wednesday it plans to launch a pilot telemedicine platform in Vietnam before the end of this year, with the aim of a soft landing within the next three years. The service will be aimed at monitoring those who are suffering from chronic diseases such as cancer, diabetes and high blood pressure, allowing patients to check their health conditions, medications and workouts, and get access to counseling with Vietnamese medical professionals. Vietnam&lsquo
April 13, 2022
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S. Korea, Israel to invest $5.3m for robotics development
South Korea and Israel have pledged to invest up to $5.3 million (6.6 billion won) to support the joint development of robotics technology under a new strategic collaboration project named the Lighthouse Program, officials said Tuesday. As a joint research and development project between Seoul and Jerusalem, the Lighthouse Program is a follow-up of the revisions made to the industrial technology agreement between the two countries last year. Both sides agreed to double the annual funding for th
April 12, 2022
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Samsung hires governance specialist in renewed ESG push
Samsung Electronics has recently hired Daniel Oh, a corporate governance specialist who worked for Institutional Shareholder Services and BlackRock, as an executive vice president at its global investor relations team. According to the tech giant’s business report Monday, Oh, 48, started working at Samsung in February, becoming the No. 2 man on the investor relations team. Oh who studied economics at MIT has more than 19 years of experience in investor relations and corporate governance
April 11, 2022
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Renowned chip expert nominated as science minister
Science Minister Nominee Lee Jong-ho is a chip engineering scholar who supported, as an adviser, South Korea’s policy endeavor in building its strength in semiconductor industry for years. “I have experienced the semiconductor industry for a long time and I believe it has a great importance. I will try to advance it,” said Lee at the nominee selection announcement Sunday. “But our country has more than just semiconductors. I will look at all industries and listen to va
April 10, 2022
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Apple CEO Tim Cook welcomes opening of new store in Myeong-dong
Apple CEO Tim Cook welcomed the opening of a new Apple Store in the shopping district of Myeong-dong, central Seoul, on Saturday, “Apple Myeongdong opened its doors as our newest store in the heart of Korea. We‘re thrilled to further support our Korean customers in a space as unique and vibrant as the community it serves,” Cook tweeted Saturday. In another tweet Sunday, he congratulated K-pop group Seventeen’s appearance on Today at Apple -- a creative initiative offere
April 10, 2022
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Samsung poised to beat earnings estimates in Q1
Samsung Electronics said Thursday it was highly likely to report its best quarterly earnings in the first quarter this year on upbeat sales of memory chips and smartphones. According to its earnings guidance, the tech giant projected its operating profits at 14.1 trillion won ($11.5 billion) for the first three months of the year, a 50.03 percent increase from a year earlier. The figure topped estimates consensus of 13.8 trillion won among local securities firms compiled by market tracker Fn
April 7, 2022
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Kakao Mobility eyes overseas expansion
Kakao Mobility, the country’s leading taxi-hailing service operator, said Thursday it will expand its domestic-focused business, with its next-generation mobility technology and user-friendly service. “This year will be the starting point of Kakao Mobility to enter the global market, as we move ‘Beyond Korea,’” said Kakao Mobility CEO Ryu Geung-sun in an online press conference. Ryu said the company will expand its taxi-hailing service -- currently available in s
April 7, 2022
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[Herald Interview] SK-backed US startup out to empower Asia’s carbon goal
The Asia-Pacific region is responsible for more than half of carbon dioxide emissions worldwide. While net-zero carbon emissions mandates in the region pose promising economic opportunities, green technology players’ expansion to the Asia-Pacific from outside the region may seem like a murky prospect. “There is a choice between trying to build it ourselves, or finding a compatible vision and strategic capability to make engagements with the market more successful,” Cam Hosie,
April 7, 2022
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Rsquare to launch commercial real estate services in Vietnam
Korea’s real estate platform Rsquare said Wednesday it will provide commercial real estate services in Vietnam with Shinhan Bank’s branch in Vietnam. The firm will offer brokerage service, asset management, interior construction, residential property consulting and property inspection for Shinhan Bank Vietnam clients. According to Rsquare, it has compiled data on over 10,000 offices and commercial buildings in major Vietnamese cities including Ho Chi Minh City and Hanoi. “U
April 6, 2022
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Kakao to expand overseas revenue by 30% by 2025
South Korean IT platform giant Kakao will expand its overseas revenue by 30 percent in the next three years to diversify its heavily domestic business-reliant income source, the company said on Wednesday. “The 56 overseas branches aim to boost their sales revenue by 40 percent this year. By 2025, we plan to increase overseas revenue to account for 30 percent of total sales, compared to the current 10 percent,” said Kim Sung-su, co-head of Kakao’s corporate alignment center.
April 6, 2022