CORPORATE PR AWARDS/ GRAND PRIZE SK Telecom By Kim Hee-sup Senior vice president of Public Relation Office What use would it be if the latest technologies mean nothing to your life? SK Telecom believes that the new era should be multifaceted just as taste varies from person to person. The new age with technological innovations should also be the same. SK Telecom aims to bring the age of hyper innovation that fits each and every individual.  SK Telecom is experiencing transformati

Technology Oct. 29, 2020

Naver posted all-time high quarterly sales in the third quarter this year, the company announced Thursday in its regulatory filing. The sales of Naver in the third quarter reached 1.36 trillion won ($1.2 billion), up by 24.2 percent on-year. Naver’s operating profit during the July-September period also increased by 1.8 percent on-year to reach at 291 billion won. The net profit of Naver also marked 235.3 billion won in the third quarter, surging by 176 percent on-year. The record-hi

Technology Oct. 29, 2020

KT, South Korea‘s leading telecommunications firm, announced its corporate vision Wednesday to strengthen its non-telecommunications businesses. The company also introduced a new corporate brand KT Enterprise as part of its efforts to increase investment in services powered by artificial intelligence, big data and cloud technology. KT CEO Ku Hyeon-mo stressed that the company will increase its investment in up-and-coming platform sectors to secure future growth during a press conference

Technology Oct. 28, 2020

Samsung SDS, Samsung Group‘s IT service unit, announced the Tuesday that company’s sales marked an all-time high in the third quarter this year. The sales of Samsung SDS during the July-September period reached 2.96 trillion won ($2.6 billion), up by 11.7 percent on-year, according to a regulatory filing posted Tuesday. Compared to the second quarter this year, the sales went up by 15.6 percent, the company added.  The firm‘s operating profit during the three-month pe

Technology Oct. 27, 2020

Kim Jae-shin, vice chairperson of the Fair Trade Commission of South Korea, said legislation regarding the growing platform businesses would continue to evolve to secure fair trade and competition during the Korea Herald Biz Forum held Tuesday. Kim said the new legislation regarding the ecommerce market would be introduced in South Korea as the market was rapidly expanding, especially after the COVID-19 pandemic. According to a previous report by the government, the e-commerce transactions,

Industry Oct. 27, 2020

A group of South Korean researchers has developed a 3D-based cell culture technique for human lung alveolar cells that become targets of COVID-19 infection, according to Korea Advanced Institute of Science and Technology, Monday. KAIST professor Ju Young-seok, who was on the research team, said the cell culture technique could artificially produce cells that mirror the cellular physiology and pathology of human lung alveolar cells. The technique would help other researchers to characterize p

Technology Oct. 26, 2020

While artificial intelligence is slowly entering everyday life, AI that speaks and understands human language flawlessly is still a work in progress for tech firms. Google’s Duplex technology, for instance, has been allowing users to make reservations in restaurants automatically or arrange appointments, with the AI assistant making the phone call, since 2018. South Korean telecommunications firm SKT earlier this month has added its self-developed voice assistant Nugu to its voice call

Technology Oct. 25, 2020

Questions immediately followed the death of Samsung Group Chairman Lee Kun-hee as to whether there will be any changes in the conglomerate’s governance structure. However, the changes are expected to not be extensive at the moment, as Lee Jae-yong essentially already has control over the group. The Samsung Group ownership family, however, could find ways to transfer at least some of the deceased’s financial assets to his son, Lee Jae-yong, which would further support the family&rsq

Industry Oct. 25, 2020

Samsung SDS announced Thursday that the company had won both foreign and local competitions designed to test natural language processing capabilities. Samsung SDS’ artificial intelligence model won a competition associated with HotpotQA -- a dataset developed by researchers from Carnegie Mellon University, Stanford University, the Montreal Institute for Learning Algorithms, and Google AI. In Korea, the company has won competitions related to the Korean Question Answering Dataset, in whi

Technology Oct. 22, 2020

LG CNS said Thursday that the company would provide artificial intelligence education to around 4,000 students here. The company said it has increased the number of students who can take its education program this year by 60 percent compared to last year. In 2019, the company had some 2,500 students complete its program. Starting this year, LG CNS has been holding classes online due to the COVID-19 pandemic. Around 1,000 students have finished the program, and the company will invite 3,000 m

Technology Oct. 22, 2020

South Korean telecommunications firm KT announced Wednesday that the company has teamed up with Posco and Mystech to develop smart urban street furniture. Under the partnership signed Wednesday, the three Korean firms plan to introduce its smart street furniture system to smart cities that the local governments will introduce down the road. In the development phase, KT will provide its Internet of Things technologies. Posco will offer its steel materials, while local street furniture maker M

Technology Oct. 21, 2020

Line Corp. announced Tuesday that the company has launched messenger-based banking platform Line BK in Thailand, together with one of the largest banks in the nation. The platform will be operated by joint venture Kasikorn Line, forged by Line Corporation’s subsidiary Line Financial Asia and Thai bank Kasikornbank’s subsidiary Kasikorn Vision Company Limited. Line BK is Line Corporation’s first-ever banking service that allows messenger users to easily transfer money, manag

Technology Oct. 20, 2020

SK Telecom, one of South Korea‘s leading telecommunications firms, announced Tuesday that the company would begin the global expansion of its virtual and augmented reality service, starting with Hong Kong. In Hong Kong, SKT has partnered with Hong Kong‘s top telecommunications firm PCCW Group, the company announced during an online conference held Tuesday. The two firms will invest in creating AR and VR content too, which will be available via SKT’s virtual and augmented rea

Technology Oct. 20, 2020

SK Broadband will construct a renewable energy-powered hyperscale data center and a startup cluster in the Saemangeum area in Gunsan, North Jeolla Province, according to the company Monday. SK Broadband planns to develop the Saemangeum area into Northeast Asia’s data center hub, together with SK group’s energy affiliate SK E&S. “South Korea has optimal conditions to emerge as the region‘s data center hub with its geographical advantage,“ SK Broadband said.

Technology Oct. 19, 2020

S-Oil announced Monday that the company would secure certified emission reductions by helping a local startup specializing in developing solutions designed to improve access to safe water in developing countries. S-Oil will purchase certified emission reductions of around 13,000 metric tons of carbon dioxide by investing in Glory & Tech, the South Korean firm that is currently providing water solutions to foreign nations including Bangladesh. S-Oil said the latest decision is part of the

Industry Oct. 19, 2020