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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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Park vows to nurture central region as hub of bioindustry
President Park Geun-hye vowed Wednesday to help nurture South Korea's central region as a hub of the bioindustry as she opened the latest innovation center. South Korea has been pushing to set up innovation centers across the country to match local startups and venture firms to conglomerates, known here as chaebol, to provide resources to smaller companies so that they can turn creative ideas into real businesses. "I will make Osong a mecca of the bioindustry," Park said in a ceremony marking
Feb. 4, 2015
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Samsung starts mass production of one-package memory chip
Samsung Electronics Co. said Wednesday it has started mass production of a one-package chip, which stacks a number of different smartphone parts together, enabling thinner handsets with bigger batteries. The South Korea-based company, the world's largest maker of smartphones, used the ePoP (Embedded Package on Package) in its wearable devices released last year. The ePoP compresses core parts such as dynamic random access memory or NAND flash into one chip, which can reduce the space needed
Feb. 4, 2015
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Samsung to unveil Galaxy S6 with digital payment system
Samsung Electronics said Tuesday it would unveil its Galaxy S6 in Spain on March 1, hoping the latest model of the smartphone will boost sales in the face of intense competition from Xiaomi’s budget phones and Apple’s iPhone 6. Samsung Electronics’ invitation to the press, analysts and developers for the Samsung Galaxy Unpacked 2014 event in Barcelona on March 1. (Samsung Electronics)The unveiling will come one day before the Mobile World Congress, the world’s largest festival of telecommunicati
Feb. 3, 2015
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Samsung renews push for home appliances
Samsung Electronics, the world’s largest home appliance maker, on Tuesday renewed its upscale push in a bid to widen its lead over soaring Chinese rivals. Samsung Electronics co-CEO Yoon Boo-keun (left) and figure skater Kim Yu-na, the brand’s commercial model, pose with amsung’s new washer and air conditioner at a media event at the company’s headquarters in Seoul on Tuesday. (Ahn Hoon/The Korea Herald)“We will offer higher levels of products amid fiercer competition with Chinese producers,” s
Feb. 3, 2015
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Samsung to expand range of smart appliances
Samsung is to launch a range of smart refrigerators, air conditioners and washing machines as its seeks to expand its business in Internet-connected homes, a top executive said Tuesday. The South Korean tech giant is seeking to plough more resources into the so-called Internet of Things as the market for smartphones -- one of its core product categories -- becomes increasingly saturated. The new appliances will work on Samsung's Tizen operating system, which the company has touted as a platfor
Feb. 3, 2015
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Coupang's mobile transaction value tops 1.4 tln won in 2014
Coupang, South Korea's leading e-commerce company, said Tuesday its value of mobile payment transactions reached 1.4 trillion won ($1.27 billion) in 2014, lending weight to a market bet that the firm is close to going pubic. The value of payment transactions made via mobile devices means more than a twofold on-year surge for the IT startup, wholly-owned by Forward Ventures Co. headquartered in Delaware, United States. Forward Ventures was set up in 2010 by Coupang founder Kim Beom-suk, a Har
Feb. 3, 2015
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Samsung to showcase next Galaxy flagship on March 1
Samsung Electronics Co. sent out invitations Tuesday for what is expected to be an unveiling event of its next flagship smartphone, presumably the Galaxy S6, on March 1 in Spain.The invitation from the South Korea-based top smartphone maker is for the "Samsung Galaxy Unpacked 2015" in Barcelona and shows the silhouette of a curved line and the phrase, "What's Next." Samsung had showcased the previous Galaxy S5 in the Spanish city, the host of the annual Mobile World Congress, last year.This year
Feb. 3, 2015
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Korea falling behind in race for Internet of Things
South Korea has been slow to reap the benefits of the Internet of Things, as it has not developed the environment needed to develop the next generation of digital technology.According to a report by Accenture, a global consulting firm, Korea was ranked No. 12 among 20 countries in preparations for the industrial adoption of the IoT, while the U.S., Switzerland and Nordic countries topped the list.The rankings were based on the country’s National Absorptive Capacity that takes into account 55 ind
Feb. 2, 2015
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KT joins hands with Chinese media giant for smart theme park
Korea’s largest telecommunications firm, KT, has signed a deal with Chinese media titan Hengdian Group to jointly build a smart theme park in China, which will incorporate information technology and cultural content. Xu Wenrong (third from right), chairman of Hedingan Group, watches a live 3-D show with Yun Kyoung-lim (second from right), senior vice president of KT’s future convergence strategy office, at the Dongdaemun Design Plaza in Seoul on Monday. (KT)At a signing ceremony for a memorandum
Feb. 2, 2015
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Samsung slumps to No. 3 in Chinese smartphone market
South Korea’s top tech giant Samsung Electronics Co., was relegated to No. 3 in smartphone market share in China in the fourth quarter of 2014, outperformed by U.S. rival Apple Inc., and is being threatened by its Chinese peers who are catching up fast, market data showed Monday.Samsung accounted for 9.8 percent of the Chinese smartphone market in the October-December period, dropping a notch from three months earlier, the data by market tracker Strategy Analytics showed. Apple snatched the seco
Feb. 2, 2015
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Samsung slumps to No. 3 in Chinese smartphone market
South Korea's top tech giant Samsung Electronics Co., was relegated to No. 3 in smartphone market share in China in the fourth quarter of 2014, outperformed by U.S. rival Apple Inc., and is being threatened by its Chinese peers who are catching up fast, market data showed Monday.Samsung accounted for 9.8 percent of the Chinese smartphone market in the October-December period, dropping a notch from three months earlier, the data by market tracker Strategy Analytics showed. Apple snatched the seco
Feb. 2, 2015
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SK Group, local governments team up to back start-ups
DAEJEON ― The Daejeon Creative Economy Innovation Center, an institute run by SK Group to support start-ups, has become a hotbed of business creativity. Housed at KAIST, one of Korea’s most prestigious tech and science universities, the creative economy center was jointly established by Daejeon Metropolitan City, KAIST, and SK Group last October with an aim to nurture entrepreneurs and help fledgling businesses conduct research and development and commercialize their technology at home and abroa
Feb. 1, 2015
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LG Electronics beefing up solar energy business
LG Electronics said it would invest around 160 billion won ($145 million) to beef up its solar power business until mid-2015. “LG has issued corporate bonds to invest in lines for n-type solar modules and infrastructure maintenance at the firm’s Gumi plants,” the company said in its financial report filed at Korea Exchange last week. LG said it would execute a series of investment plans by the end of July this year. At its meeting with analysts and reporters last Thursday, Chung Do-hyun, LG’s ch
Feb. 1, 2015
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Samsung to buy back jet planes from Hanwha
Samsung Electronics’ Boeing business jet, the B737-700Samsung Group, which sold four business units to Hanwha Group in November, is considering buying back the jet planes and helicopters that are used by its owner family.Samsung said Friday that it hopes to acquire three planes and six helicopters, with a 5 percent stake owned by Samsung Techwin ― an aerospace parts producer that was sold to Hanwha as part of the 1.9 trillion won ($1.7 billion) package deal.Samsung Techwin has operated a team th
Jan. 30, 2015
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Samsung posts robust chip growth
Strong sales of Apple’s iPhone 6 and Xiaomi’s low-end smartphones pushed Samsung Electronics, the world’s largest smartphone maker by sales volume, to record its weakest annual earnings in three years.The Korean tech giant said Thursday it posted an annual revenue of 206.2 trillion won with its operating profit standing at 25 trillion won, down by 10 percent and 11.8 percent respectively, from a year earlier. The sluggish sales of Samsung’s flagship smartphone, the Galaxy S5 which was released l
Jan. 29, 2015
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Samsung, Apple neck-and-neck in smartphone sales
Samsung Electronics Co. and U.S.-based Apple Inc. sold the same number of smartphones in the fourth quarter of 2014, data from a market tracker showed Thursday, suggesting that the world’s biggest maker of handsets may have been outperformed by its archrival for the first time in more than three years.Apple reported in its earnings report earlier this week that it sold 74.5 million handsets in the October-December period. Samsung, in an earnings call Thursday, did not give an exact number but sa
Jan. 29, 2015
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[Newsmaker] Nexon starts battle for control of NCSoft
A battle has begun for control of NCSoft, the nation’s second-biggest game developer, as Nexon, its largest shareholder, has officially vowed to participate in its management. Nexon, the largest online game firm in South Korea, said Tuesday that it would shift from merely investing in NCSoft, the runner-up in the domestic market, to taking part in its management.“The company made the decision since it has found it difficult to swiftly respond to the rapidly changing IT industry with the previous
Jan. 28, 2015
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Race heats up in bid to build national emergency network
A 2 trillion won ($1.84 billion) mega race has commenced as the Korean government plans to launch a new project building a nationwide emergency network based on Long Term Evolution technology ― the first of its kind globally.Communications breakdowns have often hampered responses to disasters. Experts say that developing communications systems is one of the key challenges in ongoing efforts to improve security preparedness. The new Public Safety-LTE system will allow fire, police and rescue resp
Jan. 28, 2015
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LG CNS launches mentoring program
LG CNS employees pose at the firm’s mentoring program for new workers. (LG CNS)LG CNS, one of Korea’s information technology solutions developers, said Wednesday that it has launched this year’s mentoring program between senior and junior employees. First started in 2006, the corporate mentoring programs have helped fresh employees adjust to their new workplace and build bonds with colleagues. “In order to become an IT expert, one should quickly adapt to the fast changing work environment,” said
Jan. 28, 2015
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Google’s super-fast U.S. Internet service spreads
Google’s super-fast Internet service ― up to 100 times quicker than basic broadband ― is heading for four more U.S. metropolitan areas as the technology titan ramps up pressure on cable service giants.A Google Fiber program launched nearly five years ago will expand to 18 cities in the Atlanta, Charlotte, Nashville and Raleigh-Durham areas.“We can’t wait to see what people and businesses across the southeast U.S. do with gigabit speeds,” Google Fiber vice president Dennis Kish said in a blog pos
Jan. 28, 2015
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