Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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Job creation lowest on record among under-30s
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Opposition chief acquitted of instigating perjury
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Samsung Electronics pledges to restore profits
Shareholders on Friday promised continuing support for Samsung Electronics despite its slumping profits last year. The Korean tech giant held an annual shareholders’ meeting at its headquarters in Seocho-dong, Seoul, with some 400 shareholders and investors in attendance. Despite the company’s dismal profits caused by sluggish device sales, the overall mood among participants seemed upbeat about the company’s future performance. Samsung Electronics vice chairman Kwon Oh-hyun speaks during an an
March 13, 2015
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[Newsmaker] LG chairman renews commitment to R&D
LG Group chairman Koo Bon-moo has renewed his commitment to elevating the group’s research and development prowess, pledging huge new investment and more support for researchers.“In an era of technological convergence across industries, the importance of R&D is getting bigger and bigger,” he told employees at the group’s R&D performance evaluation event in Seoul on Thursday. “Devote yourself to developing fundamental technologies that will change the world.”The annual event honors key R&D achiev
March 12, 2015
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Stressed teens vulnerable to jaw disorder
Stressed teenagers in South Korea are vulnerable to temporomandibular disorders, a condition that affects the muscles and nerves surrounding the jaw, experts say.The condition is known for pain and restricted movement, and stress is thought to be a major contributing factor, along with poor posture and overuse of the joint muscles.According to the National Health Insurance Service, some 457,500 teenagers were treated for TMD in 2012, making up the highest proportion of all patients with the diso
March 12, 2015
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Yellow dust
During the spring, there are increased changes in the daily temperature and biorhythms become unstable so that the body’s immune system becomes weaker, making you more susceptible to diseases. The spring season is particularly a concern for children who have weak immune systems but are highly active, or other people who have allergic conditions or respiratory diseases. Yellow dust can cause various diseases, or make preexisting conditions worse. The main conditions associated with it include res
March 12, 2015
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LG to roll out new phablet ‘G Note’
Korean tech giant LG Electronics plans to give tough competition in the high-end large screen smartphone market dominated by Samsung and Apple, with its ace in the hole ― G4 Note, according to sources.The sources said Thursday that G4 may not be the only flagship handset of LG Electronics this year as it has a new phablet, called the G4 Note, in the works. The smartphone-maker has already applied for a trademark of the phablet at the Korean patent office last month.Some market watchers speculate
March 12, 2015
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Will-Be Solution expands IT business in Vietnam
South Korean IT company Will-Be Solution Inc. is expanding its business in Vietnam with its high technology and market specialization, company officials said this week.The company already won a database management project with the State Bank of Vietnam last year, beating out key competitors including international IT giants such as IBM, Oracle and SAP among others, the company said.The project includes developing the bank’s central data infrastructure as well as managing and building the financi
March 12, 2015
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Naver to launch mobile payment platform in June
Naver Corp., the operator of South Korea's top namesake Internet portal, said Thursday it will introduce its new instant mobile payment platform in June to tap into the emerging fintech business. Naver Pay will offer users a simpler way of paying via mobile by enabling transactions with the user's Naver ID, a password and the cellphone number of the recipient, the company said in a press release. The payment can be made either by a credit card or a direct debit through bank accounts, without hav
March 12, 2015
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Samsung pushes low-end smartphones to keep global reign
Samsung Electronics Co., the world's top smartphone maker, is bolstering the global sales of low-end handsets to maintain its leading market presence, with the latest release of its high-end Galaxy S6 series, industry sources said Thursday. The South Korean tech giant has recently decided to roll out the new budget smartphone model Galaxy J1 in the Netherlands and Germany, expanding its target countries to Europe from emerging markets including India and Malaysia, according to industry sources.
March 12, 2015
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Smartphone-makers begin battle for wrists
The unveiling of California-based Apple’s first smart watch, the Apple Watch, on Monday has spurred mixed market reactions with some saying the digital wristwatch failed to meet expectations while others said the wearable would create an ecosystem for smart watches. One thing for sure, according to many market analysts, is that competition will shift from mobile users’ hands to their wrists at a faster pace.Strategy Analytics forecast that global smartwatch shipments would grow around 510 percen
March 11, 2015
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Technology financing by banks skyrockets 70-fold in 7 months
Loans extended by South Korean banks to companies using their high-level technologies as collateral have soared 70-fold in the past seven months on a strong drive by the government, industry data showed Wednesday, spawning concerns that a huge chunk of such loans could turn sour, thus undermining lenders' financial health.The outstanding loans provided by local banks, including state-run lenders, to hi-tech companies totaled 13.5 trillion won ($12 billion) as of end-February, compared with 192.2
March 11, 2015
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MS pursues innovation with tie-ups
Many of Microsoft products and services, such as motion tracker Kinect and search engine Bing, share common ground as they are embedded with technologies developed by the firm’s research labs worldwide, which the firm called “the research empire on which the sun never sets.” In South Korea, Microsoft has also been pouring resources into supporting researchers in a variety of fields ranging from information technology to medical science for the past decade.Celebrating the 10-year anniversary of t
March 10, 2015
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Science Ministry to reorganize to bolster ICT convergence
The Ministry of Science, ICT and Future Planning said Tuesday it would carry out an organizational reshuffle to better support technological convergence and advancement “The reorganization is aimed at speeding up the ongoing reform work at the right time,” said Chang Seok-young, the ministry’s policy planning director. “With the administration entering its third year, we will ramp up efforts to achieve the results of the creative economy initiative earlier.”The reshuffle, aimed at supporting con
March 10, 2015
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Apple Watch to include array of features to connect
Apple launched an assault on the fledgling wearable tech market Monday, unveiling a high-end smartwatch that offers new ways to stay connected and to track health and fitness.The Apple Watch will be available in several major markets around the world from April 24, at a starting price of $349.(Yonhap)"Apple Watch begins a new chapter in the way we relate to technology," said chief executive Tim Cook, who spoke at a San Francisco media event.Cook said "the most personal device we have ever create
March 10, 2015
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China on brink of heart disease 'epidemic': study
Unhealthy eating, smoking and obesity are threatening a heart disease epidemic in China, where three out of four people are in poor cardiovascular shape, said a study on Monday.The findings published in the Journal of the American College of Cardiology are based on data from 96,000 men and women in the general Chinese population.Health was classified as ideal, intermediate or poor according to seven behaviors and lifestyle factors set out by the American Heart Association: smoking status, body m
March 10, 2015
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Apple to tap iPhone users for medical research
Apple on Monday unveiled an initiative to help researchers tackle some of the world's most critical medical conditions by gathering data from willing iPhone users.The plan will use, on a voluntary basis, data from medical tracking apps to aid research on asthma, breast cancer, cardiovascular disease, diabetes and Parkinson's disease.The move aims "to transform medical research," Apple chief executive Tim Cook said, by gathering real-time data from millions of users.In collaboration with large me
March 10, 2015
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Daum Kakao's 2014 net more than doubles
Daum Kakao Corp., the operator of South Korea's top mobile messenger, said Monday its 2014 net profit more than doubled from a year earlier, aided by robust sales from e-commerce platforms and mobile advertising. Net profit amounted to 149.8 billion won (US$135.1 million) last year, up 126.7 percent from the previous year, the company said in a regulatory filing. Daum Kakao's operating profit jumped 115.7 percent on-year to 176.4 billion won while its sales inched down 6 percent to 498.9 bil
March 9, 2015
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Thales to sell 50% stake in Samsung joint venture
Thales, Europe’s biggest defense electronics company, plans to sell its 50 percent stake in Samsung Thales to the company’s new owner Hanwha Group, multiple sources said Monday. “An official announcement is imminent as their talks are being finalized,” said a source familiar with the matter. “Thales considers Hanwha less attractive as a partner. For the same reason, Total is also looking to sell its stake in its joint venture with Samsung.”Samsung Thales is a 50-50 joint venture between Samsung
March 9, 2015
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Samsung Electronics’ domestic net sales drop to 8-year low
Samsung Electronics, the world’s largest smartphone-maker, recorded its lowest domestic net sales in eight years due mainly to its sluggish smartphone business and challenge posed by its rival Apple, according to an audit report Monday.The Korean tech giant said in the report that its net sales stood at 20.7 trillion won, down 9 percent on-year. Net sales is gross sales less profits earned through transactions with subsidiaries.The net sales of the Seoul-based firm had been rising since 2007 whe
March 9, 2015
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Uber succumbs to opposition in Seoul
Uber, a taxi-hailing app operator, has suspended its popular ride-sharing service in Korea, succumbing to mounting concerns by Seoul authorities and angry taxi drivers. The San Francisco-based start-up last week announced it was suspending its UberX budget service that allowed passengers to hail the company’s registered drivers through its smartphone application.Its premium Uber Black, a limousine service for foreign nationals, senior citizens and handicapped people, will continue operating in a
March 8, 2015
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LG to build new R&D center in Changwon
LG Electronics said Sunday it plans to build a new research and development center for its home appliance division due for completion by 2017 in Changwon, South Gyeongsang Province. The company started the construction work early this month, with a budget of 200 billion won ($182 million). The new 20-story building will be located on a 51,810 square-meter site, accommodating some 1,000 researchers. Changwon, some 400 kilometers southeast of Seoul, has played a key role for LG’s home appliance s
March 8, 2015
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