Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Robotics stocks surge on Samsung’s new team
Shares of robotics tech firms surged Monday following news reports that Samsung Electronics is setting up a new team solely dedicated to the robotics business, one of the frequently-cited new growth engines for the Korean tech giant. Yujin Robot, one of the first-generation robotics companies here with more than 30 years of history, saw a 30 percent jump in its stock price and was trading at 4,150 won ($3.52) as of 2 p.m., as investors cheered for its business potential with Samsung, the natio
Dec. 13, 2021
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Samsung’s Bespoke water purifier becomes first to remove microplastics
Samsung Electronics said Monday its Bespoke water purifier, whose trade name is RWPaxy1bcde(z), has been certified by NSF International, a US-based product testing and certification organization, for removing microplastics from water – an industry first globally. Microplastics are tiny pieces of plastic, less than 5 micrometers in length, that are extremely difficult to detect. They are known to cause harmful effects to human body, including cell death and allergic reactions. NSF Intern
Dec. 13, 2021
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Samsung names mobile, appliance business DX, promotes robotics as future growth driver
Samsung Electronics Co. named its newly merged unit for mobile and appliances the device experience (DX) division, the company has said, in a sign of its resolve to provide its customers with new, meaningful experiences. Last week, the tech giant announced it had merged the consumer electronics and IT and mobile communications divisions, and named a new CEO, Han Jong-hee, a former head of the visual display business, to lead the new division. The new name shows Samsung's "ongoing commitme
Dec. 13, 2021
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'PUBG: Battlegrounds' to be free to play in Jan.
Krafton Inc., a South Korean gaming giant, said Friday that its global smash hit "PUBG: Battlegrounds" will be going free to play starting next month. The game will start a free-to-play mode on all platforms, including computers and consoles, on Jan. 12, 2022, to enable more people to enjoy the battle royale style game, Krafton said. The global-hit game, in which users fight to remain the last person alive, launched in 2017 as a paid game. It has quickly gained global popularity, s
Dec. 10, 2021
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Samsung's Lee returns from UAE amid expectation of 5G partnership
Samsung Electronics Vice Chairman Lee Jae-yong returned to Seoul on Thursday, ending a three-day trip to the United Arab Emirates involving a “small meeting.” “I had a small meeting in Abu Dhabi,” Lee told reporters as he arrived in Seoul, referring to a capital of the UAE. “It was a good opportunity, because experts from around the world in various fields got together to learn how each country or each industry stands ready for the future.” The de facto le
Dec. 9, 2021
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'Squid Game' 9th most searched keyword on Google in 2021
South Korean megahit “Squid Game” ranked as the No. 9 most-searched keyword by worldwide users on Google this year, Google Korea said Thursday. No. 1 on the list of most searched terms was “Australia vs. India,” referring to cricket matches between the two countries. “India vs. England” took second, followed by “IPL,” which stands for the Indian Premier League. Among the TV shows searched on Google worldwide, the Korean drama series was the mos
Dec. 9, 2021
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LG CNS joins hands with Fujitsu for optimization consulting
South Korean information technology solutions company LG CNS said Thursday it has teamed up with Japanese counterpart Fujitsu to strengthen its mathematical optimization consulting capacity to improve client services. LG CNS and Fujitsu‘s Korean unit has recently signed a memorandum of understanding to develop an optimization algorithm that runs on Fujitsu’s digital annealer computational architecture. Fujitsu‘s digital annealer is a quantum computing-inspired technology to s
Dec. 9, 2021
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Huawei to stay committed to Korean business despite uncertainties
Despite the global supply disruption due to a chip shortage and supply bottleneck, coupled with sanctions imposed by the United States, Huawei Technologies will continue to stay committed to its South Korean partners, executives of the Chinese tech giant in Seoul said Wednesday evening. “While there are still many uncertainties on the road ahead of us, Huawei will remain open and collaborative,” Karl Song, the vice president of Huawei in charge of corporate communications, in a prer
Dec. 9, 2021
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Samsung ranks 4th on global digital inclusion index
Samsung Electronics said Wednesday that it was ranked 4th out of the top 150 global tech companies in an index that gauged corporate efforts in using technology ethically and for reducing digital inequality overall. The Korean tech giant’s ranking soared from last year’s 10th position from the World Benchmarking Alliance’s Digital Inclusion Benchmark, topping all of its Asian peers. The WBA is a global alliance of more than 200 global, regional and local organizations that
Dec. 8, 2021
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Ministry announces guideline on stable online services by Netflix, Google
The Ministry of Science and ICT on Tuesday unveiled a guideline on a revised law requiring Netflix and other tech giants to improve their online service quality. Last December, South Korea passed a law revision holding online content service providers accountable if they fail to maintain stable services amid growing complaints against streaming giants Netflix and Google after their services experienced a number of outages. The revised law, informally dubbed the "Netflix law" in the c
Dec. 7, 2021
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Samsung Electronics CFO tapped to lead Samsung’s battery arm
Choi Yoon-ho, the chief financial officer of South Korean tech giant Samsung Electronics widely known to be close to its de facto leader Lee Jae-yong, was named Tuesday as the new chief executive officer of Samsung SDI, a Samsung affiliate dedicated to manufacturing batteries and display panel parts. The 58-year-old currently heads Samsung Electronics’ corporate management office, which encompasses its corporate finance, corporate strategy, human resources, corporate communications, globa
Dec. 7, 2021
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LG CNS launches service for corporate migration to metaverse
South Korean information technology service firm LG CNS said Tuesday that it had launched a virtual office service by teaming up with Japanese firm oVice, a move to capitalize on metaverse technology to address demand for pandemic-friendly remote work environments. LG CNS will play a role in migrating corporate clients’ work environment online, allowing the clients’ employees to do everyday tasks such as exchanging emails and receiving notifications or checking schedules. Employees
Dec. 7, 2021
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S. Koreans' spending on Disney+ hits over W17b in Nov.: data
South Koreans are estimated to have spent more than 17 billion won ($14.5 million) in purchasing contents by Disney+ less than a month since its launch here, data showed Tuesday. Payments to Disney+ in the country were estimated at 17.2 billion won for November, according to industry tracker WiseApp, which analyzed credit and debit card data of those aged 20 or over. WiseApp added that the data excludes other payment methods, such as those through telecom operators. Disney+, the flagship stre
Dec. 7, 2021
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Samsung's Lee Jae-yong leaves for Middle East
Samsung’s de facto leader Lee Jae-yong left for the United Arab Emirates on Monday at around 10 p.m. ahead of scheduled meetings in the Middle East region. Lee told reporters he would be returning to South Korea on Thursday, and did not elaborate on details about the trip. Lee’s visit to the Middle East comes more than two years after the vice chairman of Samsung Electronics’ February 2019 meeting with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan. A few months
Dec. 6, 2021
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'Metaverse is about seeing things in more integrated way'
Metaverse, a shared virtual world where people can interact with others through avatars, has been the talk of the town in the second half of this year. While some doubt metaverse will be able to take off or see it as just another marketing strategy, others seem to believe it is the next giant leap in information technology. Regardless of the perceptual divide, Kim Beom-joo, head of evangelism at graphics developer Unity Korea, says the coming of the virtual platform was inevitable and its ar
Dec. 6, 2021
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SK hynix sets up new US business unit
SK hynix, the chip-making affiliate of SK Group, said Thursday that it has set up a new business unit solely dedicated to the US market where the memory chip giant has made a renewed push to secure a firm footing and expand partnership with local tech firms. The new unit, called American Business Team, is one of the three new units established under the direct influence of CEO Lee Seok-hee, as part of the company’s year-end executive reshuffle and organizational overhaul. The other two u
Dec. 2, 2021
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Korea to foster 89,000 more software talents by 2025
South Korea will foster 89,000 more people specialized in software technology by 2025 to cope with a shortage of digital talent in the future, the Ministry of Science and ICT said Thursday. Unveiling the government’s plan to support younger generations in times of digital transformation, the ministry said a total of 413,000 software professionals will be supplied over the next five years. The government’s original plan was to raise 324,000 software talents, but the expected demand
Dec. 2, 2021
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Kakao to acquire live commerce firm Grip for W180b: sources
Kakao Corp. will acquire a majority stake of live commerce startup firm Grip Co., according to sources Wednesday. The South Korean tech giant plans to acquire a 48 percent stake of the company for 180 billon won ($152.5 million), sources familiar with the deal said. Established in 2018, the company currently operates its namesake live commerce mobile application, which allows users to sell products online. The number of sellers on Grip stood at some 12,000 as of April, and the volume of tr
Dec. 1, 2021
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Naver, SoftBank join forces for metaverse push
South Korean internet giant Naver on Wednesday laid out its strategies to enter the global market with its latest metaverse technology that allows hyperconnection between the real world and virtual reality. “We have recently joined hands with SoftBank to make an HD map of cities in Japan through our ALIKE solution. It will be an important stepping stone for Naver to bring future without borders,” said Seok Sang-ok, CEO of Naver Labs, during a press conference. Seok added that Nave
Dec. 1, 2021
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Samsung unveils 5G chips for cars
Samsung Electronics said Tuesday it rolled out an automotive semiconductor chip that delivers a fifth-generational network connectivity for in-vehicle infotainment services for the first time in the industry. The newly-launched telematics control unit for cars, Exynos Auto T5123, aims to provide essential information to a vehicle in real-time via high-speed download speeds of up to 5.1 gigabits per second. Samsung said the new auto chip will allow passengers to enjoy high-definition content st
Nov. 30, 2021