Most Popular
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Man arrested 16 years after murdering girlfriend, hiding body in cement
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Pikki Pikki dance: Korean cheerleader dance routine takes social media by storm
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[Exclusive] Democratic Party of Korea forms US election task force
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Middle East’s big AI push lures Korean tech firms
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Seoul seeks to improve foreign nanny program after two abscond
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[Grace Kao] NewJeans fights Hybe for their survival
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Samsung, top banks to create W2tr green growth fund for SMEs
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Malnutrition cases nearly triple in last 5 years
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KFA Chair denies unfair hiring of national coach
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What will Yoon, Han talk about at dinner?
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KT, BC Card partner with UnionPay for mobile payment service
[THE INVESTOR] Telecom operator KT and its subsidiary BC Card have partnered with Chinese bank card firm UnionPay International to launch UnionPay HCE mobile QuickPass in Korea, which will enable local cardholders to pay by tapping their mobile phones, the companies said Wednesday. Mobile QuickPass is UnionPay’s new mobile payment solution. It supports both offline contactless payment and online payment. It encompasses many mobile payment products, including HCE, Apple Pay and Samsung Pay. Accor
June 29, 2016
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[Photo News] LG Global Challenger
LG Group chairman Koo Bon-moo (left) delivers the emblem of LG Global Challenger, a fully funded overseas study and exploration program, to student representatives at the group’s headquarters in Yeouido in central Seoul on Wednesday. The group has selected six teams annually for the program. (LG)
IndustryJune 29, 2016
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Samsung SDS partners with SAP on enterprise cloud
Samsung SDS, a key information and technology arm of Samsung Group, has partnered with German software firm SAP to jointly work on enterprise cloud business, the company said Wednesday. The two tech firms signed a memorandum of understanding for the future partnership at Samsung SDS’ head office in Seoul. Samsung SDS CEO Chung Yoo-sung (left) and SAP’s executive board member Bernd Leukert attend a signing ceremony in Seoul on Tuesday. (Samsung SDS)Samsung SDS said it plans to provide its client
IndustryJune 29, 2016
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Shinhan launches new rewards system
Shinhan Financial Group, the nation’s largest banking group by assets and profits, launched a combined rewards system called the “Shinhan Fan Club” on Thursday. “The new rewards system was introduced so that customers would conveniently collect and spend points,” said a Shinhan Financial Group official. A model promotes “Shinhan Fan Club.” Shinhan Financial GroupThe new rewards system replaces the previous “My Shinhan Point” rewards system that only allowed Shinhan members to collect points when
June 29, 2016
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[DECODED] Is Naver a news medium?
[THE INVESTOR] When Choi Sun-kyung, a 29-year-old office worker, hops on the subway to go to work, she immediately starts scrolling her smartphone. After responding to all the KakaoTalk messages she received overnight, she clicks the bright green app of Naver, Korea’s largest portal site. First, she skims the five headlines on the front page to see if any story catches her attention. Today, she reads a story on high youth unemployment rate and ongoing threats from North Korea. She then clicks on
IndustryJune 29, 2016
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'Legal loophole behind rise in underage prostitution’
The number of prostitution involving minors abruptly rose in the recent five years, according to the Ministry of Gender Equality and Family data, with a lawmaker pointing to apparent loopholes in the criminal law as an indirect cause, Wednesday.The ministry’s data on sexual misdemeanors targeting underage children showed an increase in the number of court cases from 14 in 2011 to 258 in 2014. (Yonhap)The total number of reported victims came to 566 over the cited period, among which 48 percent
Social AffairsJune 29, 2016
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SK Telecom, Ericsson demonstrate 5G network platform
[THE INVESTOR] Korea’s leading network operator SK Telecom said June 29 that the company and network equipment firm Ericsson have demonstrated a network infrastructure platform, dubbed software-define telecommunications infrastructure, in Korea for the first time in the world.The SDTI platform allows mobile network infrastructure components, including CPUs, memory chips and storage devices, to be disaggregated and recomposed together to provide the optimal level of infrastructure scale for vario
Latest NewsJune 29, 2016
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Budget carrier Air Seoul likely to win gov't approval next week
Air Seoul, a new low-cost carrier of Asiana Airlines Inc., could get government approval for operations early next month if it successfully passes two simulated emergency tests.The two tests are meant to train crew members on how to evacuate a plane in case of an emergency landing.The Ministry of Land, Infrastructure and Transport could issue an Air Operator Certificate to Air Seoul as early as July 7 if the carrier passes the two simulated tests, said Kang Seung-ho, an official handling the iss
IndustryJune 29, 2016
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Korea's medicine exports jump 22 pct in 2015
Medicine exports by Korean pharmaceutical firms jumped by 22 percent in 2015 from a year earlier, the biggest on-year rise in five years, data showed Wednesday.Outbound shipments of locally manufactured medicines stood at $2.94 billion last year, up 22 percent from the previous year, according to the data by the Ministry of Food and Drug Safety. Local pharmaceutical firms produced US$16.96 billion worth of medicines in 2015, up 3.4 percent from a year earlier, they showed.Medicine exports have b
June 29, 2016