NCSoft likely to allow more power to Nexon

NCSoft on Tuesday accepted its largest shareholder Nexon’s proposal that it would become a more active investor by participating in the rival firm’s management based on its stakeAmid the escalating tug of war between the nation’s top two game developers, the No. 1 Nexon last week asked its runner-up NCSoft to respond to its proposal, including allowing the right to appoint a board member.On Feb.6, Nexon also revealed the proposal to the public in a rare move to put pressure on NCSoft.On Tuesday,

Feb. 10, 2015

SKT boasts emergency network tech

SK Telecom, South Korea’s largest mobile carrier, said Tuesday it has completed the development of core technology to be deployed for nationwide emergency networks based on Long Term Evolution.For starters, the mobile network firm said it has secured technology to design and efficiently operate the Public Safety-LTE, which will enable government agencies and rescue responders to communicate with each other during natural and man-made disasters.“SK Telecom, the leading mobile network operator, ha

Feb. 10, 2015

SK hynix pushes next generation mobile chips

SK hynix, a world-leading semiconductor firm, said Monday it had successfully commercialized its latest 8-gigabit mobile memory chip based on 20-nanometer class technology for the first time ever, posing a challenge to its local rival Samsung Electronics.The low power double data rate 4 (LPDDR4) mobile dynamic random access memory, which boasts an input-output data rate of more than 3,200 Mbps, is twice as fast as the LPDDR3. The latest mobile DRAM is also 30 percent more energy-efficient than i

Feb. 9, 2015

Samsung CEO stresses innovation at Dubai forum

Yoon Boo-keun, one of three CEOs at Samsung Electronics, on Monday gave a speech on the Korean tech giant’s innovation efforts at the Government Summit, one of the largest business gatherings in the Middle East. The annual forum, held in Dubai, was hosted by Sheikh Mohammed Bin Rashid Al Maktoum, vice president and prime minister of the United Arab Emirates and ruler of Dubai. Yoon, Samsung’s consumer electronics division chief, became the first Korean CEO to be invited to the annual event, a ga

Feb. 9, 2015

Samsung plans round, more stylish smart watch

Samsung Electronics will add more style to its upcoming smart watch as the new device is rumored to have a round watch face abandoning the rectangular display panel used in its predecessors. According to industry sources on Sunday, the Korean tech giant aims to unveil the new circular smart watch, together with the new version of its flagship Galaxy smartphone, at the Mobile World Congress in Barcelona from March 2-5.“Samsung’s new smart watch will look more like a traditional wristwatch to appe

Feb. 8, 2015

Samsung to boost share dividends

A Samsung Electronics top official said Friday that the company would consider increasing share dividends this year in an apparent move to attract investors amid fierce competition and global economic woes. Co-CEO Kwon Oh-hyun“Samsung Electronics actively executed strategies to enhance value for investors despite the stagnant stock prices in 2014,” co-CEO Kwon Oh-hyun said in a letter sent to investors of the tech giant Thursday. He added that “Samsung would consider increasing share dividends t

Feb. 6, 2015

Mood disorders associated with biorhythm

A major medical condition closely related to one’s biorhythm is bipolar disorder. The disease is characterized by repeated episodes of depression and manic periods. Compared to the manic phase, when the person is very active, in a good mood and full of confidence, the depressive phase tends to last for longer periods. Of course, the depressive period is more difficult for the patient to go through. The main symptoms of depression include decreased levels of enjoyment of activities, poor appetite

Feb. 5, 2015

Winter foot care tips for diabetics

While some might assume that summer is the most difficult season for the diabetic foot ― people tend to walk barefoot, which increases the chance of injuries ― it is in fact the winter months that are the most dangerous for patients with diabetes. Health experts say people with diabetes must take special care of their feet during the winter to avoid infection and injury. (TNS)Health experts say people with diabetes must take special care of their feet during the winter to avoid foot infection an

Feb. 5, 2015

‘Samsung is not a luxury brand’

Samsung Electronics, the world’s largest electronics company, said Thursday it was not targeting high-end consumers, but the mass market.“Samsung is not a luxury brand, but one that is trying to deliver affordable premium values to the masses,” said Kim Hyun-seok, president of Samsung’s TV business unit, at a media conference in Seoul for the launch of the 2015 super-ultrahigh-definition TV lineup.  Kim Hyun-seok, head of Samsung Electronics’ TV business unit, poses with the 2015 SUHD TV lineup

Feb. 5, 2015

WeMakePrice apologizes for abusing recruits

WeMakePrice, a local deal-of-the-day site, on Thursday publicly apologized for abusing applicants during a recent recruitment process that led to a government crackdown.“I apologize again for causing a social fuss,” said CEO Park Eun-sang during a news conference held at the company’s Seoul headquarters. “I feel a solemn responsibility.”In December, the company called in 11 people who applied for merchandiser positions, saying 80 percent of them could be hired as regular workers after on-site tr

Feb. 5, 2015

Foreign investors to benefit from conflict between Nexon, NCSoft

There are no permanent friends or enemies in business. This maxim seems to hold true in relations between South Korean game developer NCSoft and its largest shareholder Nexon, which are at odds over management control.Market analysts said the escalating tug of war between the two game firms would benefit foreign investors.“Since most of the foreign investors of NCSoft are fund trustees and hold around a 2 percent share or less, there are few chances for them to take any concerted action in regar

Feb. 4, 2015

U.S. LED-maker Cree taps Korean lighting market

Cree, a leading U.S. light-emitting diode-maker, said Wednesday it has launched sales of its LED lighting products in Korea, showing its confidence to take on other competitors including Osram and Philips.  San Francisco International Airport is one of Cree’s biggest customers. (Cree)Established in 1987 in the U.S., the company now operates in 12 global markets including Canada, Germany and Hong Kong and holds 4,000 patents related to LED technology.Some of its business-to-business or business-t

Feb. 4, 2015

Uber hopes to work with, not against Korean regulators

Uber, the U.S. ride-hailing app operator, proposed Wednesday a new registration system for its Korean drivers, pledging to cooperate with local regulators. David Plauffe, Uber’s senior vice president of policy and strategy, speaks during a press conference at a Seoul hotel on Wednesday. (Uber Korea)David Plauffe, Uber’s senior vice president of policy and strategy, told reporters in Seoul that the taxi start-up wanted to come up with forward-looking regulations along with city and government off

Feb. 4, 2015