Celebrating the 50th anniversary of Samsung Electronics on Friday, Vice Chairman  Lee Jae-yong vowed for another constructive 50 years in business to reach a full centennial milestone.“The past 50 years has been possible thanks to all your dedication. Let us now freely dream and imagine new possibilities over the next 50 years,” Lee said in recorded video remarks to some 400 employees gathered for an anniversary ceremony at Samsung Digital City in Suwon, Gyeonggi Province.S

Industry Nov. 1, 2019

A survey targeting some 1,500 Europeans revealed that the majority perceived computer and mobile games as the most representative cultural content of South Korea, mobile games firm Com2uS said Friday. Com2uS is the Korean developer behind the mobile game Summoners War, which was played at the inter-country esports friendly match during the Korea-Sweden summit in June in Stockholm, Sweden.  At the Summoners War World Arena Championship 2019 finals in Paris on Oct. 26, Com2uS conducted the su

Industry Nov. 1, 2019

Samsung Electronics on Thursday kept an upbeat outlook on its memory chip business, pledging flexible investments into the sector despite its third-quarter earnings having suffered from semiconductor market woes.Samsung’s third-quarter earnings released earlier in the day showed that its net profit more than halved due to the lackluster performance of its semiconductors division, despite improved smartphone sales. In a conference call that immediately followed the earnings release, Jeon Se

Industry Oct. 31, 2019

LG Electronics posted record-breaking revenue and operating profit in the third quarter this year on the back of solid television sales but its mobile division continued to struggle in the red, officials said Wednesday.The company’s consolidated revenue stood at 15.7 trillion won ($13.4 billion), its highest third-quarter figure, while operating profit was a 10-year high of 781 billion won, up 4.4 percent on-year.The net profit, however, dropped 30.5 percent from a year earlier and marked

Industry Oct. 30, 2019

진행자: 임정요, Kevin Lee Selzer1. Workplace gender discrimination hurts Korea’s fertility rate: OECD기사요약: 직장 내 성차별이 출산율 저하에 기여한다는 OECD 리포트가 주목을 받았다. 이와 같은 발언을 한 OECD의 스테파노 스카페타는 한국이 출산율 하락 현상을 어떻게 극복하는지가 많은 나라에 교본이 될 것이라고 말했다.아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2팟빵 (안드로이드): http://www.podbbang.com/ch/6638[1] Gender discrimination in the workplace is responsible for Korea’s low fertility rate, according to the Organization for Economic

Podcast Oct. 30, 2019

SK Broadband, a wholly owned subsidiary of telecommunications firm SK Telecom, considers social value a barometer of success in business. The company said Wednesday that it is applying a double-bottom line concept to its balance sheet to assess both the social value and the financial value of its business performance. SK Broadband, since 2018, has co-organized a teenage video production team as part of the “B’lossom Youth Video Project” with the National Police Agency and Yonse

Industry Oct. 30, 2019

Hyundai Oilbank has developed and patented an original manufacturing process for its Very Low Sulfur Fuel Oil, the company said Tuesday.Sales of Hyundai Oilbank’s new fuel will begin in November as a preemptive solution to the imminent application of IMO 2020. IMO 2020 is the new guideline from the International Maritime Organization that caps the sulfur level in marine fuel oil at 0.5 percent starting Jan. 1, 2020. It calls for over 80 percent reduction of sulfur emissions from the marine

Industry Oct. 29, 2019

The eighth-generation Audi A6 sedan that was launched recently is expected to boost the German carmaker’s market share and augment its premium brand image here, according to a top Audi Korea executive Tuesday. The new Audi A6 45TFSI Qauttro and its premium version model which were launched on Oct. 23 saw their first upgrade in eight years.  “The midsized premium sedan segment sees the fiercest competition in South Korea among imported vehicles. We expect to deliver Audi’s

Industry Oct. 29, 2019

Using fenbendazole, a broad-spectrum drug used by veterinarians against gastrointestinal parasites --administered to sheep, cattle, horses, fish, dogs, cats, rabbits, and seals -- as treatment for cancer patients is inappropriate, the Korean Cancer Association and Ministry of Food and Drug Safety said Monday, citing lack of clinical data to vouch for its safety and efficacy.Fenbendazole’s purported oncological effects became a global sensation after multiple reports from terminal cancer pa

Industry Oct. 28, 2019

The 30th CPhI Worldwide 2019, the biggest global event of the year for the pharmaceutical industry, is set to take place at Messe Frankfurt in Germany from Nov. 5 to 7. Every year, CPhI brings together more than 100,000 pharmaceutical professionals to network for business opportunities at venues across Korea, China, Japan, Southeast Asia, the Middle East, Africa, North America and Europe.CPhI Korea held its fifth annual event in August at the Coex exhibition hall in Seoul. The main event in Euro

Industry Oct. 27, 2019

SK Telecom said Sunday it has formed a strategic partnership with Now Corporation to build 5G infrastructure in the Philippines. SKT will share its know-how in 5G infrastructure design and construction, opening up the export of business-to-business solutions between Korea and the Philippines. By the first half of 2020, SKT will draw up a road map for 5G services, design infrastructure in the Philippines and provide education on core 5G technologies.  The company will later aid the building

Industry Oct. 27, 2019

Pearl Abyss said it will showcase four new games targeting the global markets at the upcoming G-Star 2019 slated for Nov. 14-17 in Busan, South Korea. G-Star is Korea’s biggest annual game trade show where new games in developments are unveiled to the public and investors. Pearl Abyss, the company behind the globally-played Black Desert, said it will set up a G-Star booth where gamers from across the world will globally connect to experience diverse genre and platform of games.  Among

Industry Oct. 24, 2019

G-Star 2019, the biggest annual game convention in Korea, is to see attendance from a slew of notable players in the game industry, but several will be missing from the picture. Biggest local game companies Nexon and NCSoft are not participating in this year’s event, with the former citing a desire to focus on its games in development and the latter citing the need to direct all its time and manpower to the imminent launch of its new mobile game Lineage2M. Smilegate and Kakao Games have al

Industry Oct. 24, 2019

The port city of Busan is expected to see a splurge of footfalls in November, with Korea’s biggest annual game convention G-Star slated to return Nov. 14-17 at Bexco.On the eve of the game trade show, the yearly Korea Game Award ceremony will reward the best games of the year at the Cultural Hall at Centum City, the city’s largest department store complex. Last year’s winners were Pearl Abyss’ Black Desert Mobile and Nexon’s Durango: Wild Lands. Visitors are given p

Industry Oct. 24, 2019

South Korean video game developer NCSoft expects rosy fourth-quarter earnings following the launch of its new high-end mobile game Lineage2M. Lineage2M’s advance sign-ups have surpassed 5 million in 32 days, setting a record as the fastest rate among every other games in the domestic market. The previous title was held by Lineage M, at 53 days. Lineage M, also by NCSoft, had recorded 5.5 million early sign-ups, the biggest volume on record.  NCSoft predicts Lineage2M will renew this r

Industry Oct. 24, 2019