Most Popular
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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S. Korean children, teens grow taller, mature faster than before: study
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Some junior doctors are returning: Health Ministry
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Army takes group action against Hybe for neglecting BTS
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[Robert J. Fouser] AI changes rationale for learning languages
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[Today’s K-pop] Stray Kids go gold in US with ‘Maniac’
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Woman dangling from power lines rescued by residents holding blanket
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Naver Q1 net income soars 1,171.9% on growth of major businesses
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Apple's App Store facilitated nearly $15b in sales in S. Korea last year
Apple Inc. facilitated nearly $15 billion in billings and sales in South Korea last year, according to a report released by the company Thursday, unveiling the figure for the country for the first time. The report from the US-based Analysis Group found that Apple's App Store facilitated $14.9 billion in billings and sales in South Korea in 2020, accounting for 2.3 percent of the total global market at $643 billion. The figure covers sales of digital goods and services facilitated by the App St
June 3, 2021
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S. Korean companies rush to develop mRNA vaccine tech
South Korean pharmaceutical and biotechnology companies are taking the initiative in the messenger RNA vaccine sector in hopes of developing new COVID-19 vaccines and building their capabilities to counter the next pandemic. Samsung Biologics, a major contract manufacturer of drugs, plans to add an mRNA vaccine production line at its facility in Songdo, Incheon, to potentially manufacture ingredients for new mRNA vaccines. ST Pharm, GeneOne Life Science and Hanmi Science are bent on developing
June 2, 2021
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Google’s updated service terms take effect
Google has brought a wide range of changes to its service terms starting from Tuesday, which industry sources say would help give a significant boost to its company revenue. Google now allows YouTube to place ads on videos made by all creators -- be they big or small. Previously small content creators who don’t qualify for the company’s partner program couldn’t put ads on their videos. The latest policy change would boost the YouTube Premium membership, which gives ad-free
June 1, 2021
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Local app market operator secure $15m funding from Microsoft, Deutsche Telekom
ONE store, South Korea’s homegrown app market backed by all three mobile carriers, announced Tuesday that it has secured 17 billion won ($15 million) of funding from Microsoft and Deutsche Telekom’s venture capital unit. Of the total, 11.3 billion won will come from Microsoft, while Deutsche Telekom Capital Partners Management GmbH will invest 5.5 billion won to acquire shares in ONE store, which is affiliated with SK Telecom. ONE store will issue 414,900 convertible preferred
June 1, 2021
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JTBC Studios takes over Wiip, eyes global content industry
Local entertainment giant JTBC Studios said Tuesday it was acquiring an independent US television studio in preparation for a foray into the American market. The deal of an undisclosed amount is the latest in a line of aggressive investments JTBC has made since last year to increase its presence in the global TV market. JTBC Studios said it would engage with the US content maker in the areas of co-production and expanding distribution channels, for example. The company plans to expand to Japa
June 1, 2021
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S. Korean tech companies to strengthen cooperation for AI server chips
South Korean cloud data center operators have formed ties with local companies that specialize in chips used in servers in a move to cope with growing semiconductor demand and uncertainty in global supply chains, the ICT ministry said Tuesday. The Ministry of Science and ICT said five data center companies -- Naver Cloud, Douzone Bizon, Kakao Enterprise, NHN and KT -- and the Artificial Intelligence Industry Cluster Agency signed a memorandum of understanding with local server chip companies SK
June 1, 2021
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S. Korea unveils homegrown space rocket for first time
South Korea unveiled Tuesday a fully assembled model of its homegrown space rocket for the first time since the country started its development in 2010 as it conducts final testing procedures before its launch later this year. South Korea has earmarked 2 trillion won ($1.8 billion) to develop its first homegrown space launch vehicle, named Nuri, and aims for a launch in October this year. In 2013, South Korea successfully launched its first-ever Naro space rocket, though its first stage rocket
June 1, 2021
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Homegrown app market operator draws funding from Microsoft, Deutsche Telekom
ONE store, a South Korean app market operator, said Tuesday it received a combined 17 billion won ($15 million) in funding from Microsoft Corp. and the venture capital arm of Deutsche Telekom as it prepares to go public later this year. Microsoft will invest 11.3 billion won in the app market company, a subsidiary under major mobile carrier SK Telecom Co., while Deutsche Telekom Capital Partners will chip in 5.5 billion won, according to ONE store. The move comes after local telecom operators
June 1, 2021
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Number of locally produced medical devices surpasses imports
The number of medical devices produced by local companies has surpassed those imported from other countries for the first time since 2011, according to a report released by the government, Monday. The number of local companies’ medical devices reported to the government last year reached 4,222, accounting for 51.6 percent in the market, according to the Ministry of Food and Drug Safety. The total number of reported medical devices here, including imports, reached 8,183, slightly down fr
May 31, 2021
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Record Q2 forecast puts LG on path to world top spot in home appliances
LG Electronics is on path to take the crown of the world’s No. 1 home appliance maker by sales, as it continues a stellar performance this year, local analysts predicted. According to market reports from securities companies here, the home appliance and air solution unit of LG Electronics is expected to post record high sales of around nearly 7 trillion won ($6.3 billion) in the second quarter, claiming the world’s top spot in terms of quarterly sales for a second consecutive quar
May 31, 2021
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S. Korea to rev up space development after lifting of US missile
South Korea's science minister said Monday the country will expand investment and focus on the development of its space program after the United States lifted all restrictions on the country's missiles. During a bilateral summit on May 21, South Korea and the US agreed to scrap the restrictions on South Korean missiles, which was first put in place in 1979 and had limited Seoul's development of even non-military space projectiles. The guidelines, which have undergone revisions over the years,
May 31, 2021
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Naver’s voice AI to call vaccine recipients in Jeonju to monitor health
Naver’s voice-powered AI will call up vaccine recipients in Jeonju, North Jeolla Province, to monitor their health status, the company said Monday. The pilot program, dubbed the COVID-19 AI CareCall Service, has already been deployed in Busan, Seongnam and Suwon. Starting from June 1, calls are expected to reach COVID-19 vaccine recipients aged 75 and above residing in select areas of the city four days after inoculation to check if they are experiencing any adverse effects. If a sy
May 31, 2021
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Celltrion's Humira biosimilar to arrive in Europe next month
Celltrion Healthcare, which is in charge of Celltrion‘s overseas business, is expected to launch sales of its adalimumab biosimilar Yuflyma in the European market in June, according to industry sources, Sunday. It will initially be launched in around six European countries, including Spain, the officials said. A Celltrion Healthcare’s official said the company would try to release Yuflyma in Spain by next month, but the schedule can be adjusted. Yuflyma is the world’s firs
May 30, 2021
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SK Broadband strengthens efforts to reduce carbon emissions
Telecommunications provider SK Broadband has been making a host of new changes as part of its effort to speed up the environmental, social and corporate governance, or ESG, management, with a particular focus on reducing carbon emissions. SK Broadband has been replacing old infrastructure, developing energy efficient products, and reducing energy consumption at network stations to match its carbon-emission-free goal. According to company officials Sunday, the telecommunications company has to
May 30, 2021
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[News Focus] Is ‘real 5G’ elusive goal for Korea?
Is 5G, the next-generation of wireless technology, worth the hype? This is a question frequently thrown out by multiple groups of 5G users here since the fifth generation mobile networks went into commercial service at 11:00 p.m. on April 3, 2019 in South Korea, in a loudly-trumpeted world first. Over the past two years, the number of 5G users in Korea has steadily grown to account for about 20 percent, or 14.48 million, of total mobile subscriptions in the country as of end March, governm
May 30, 2021
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Naver aims for zero carbon emissions by 2040
Naver, the largest portal operator in South Korea, said Friday that it had a plan to cut its greenhouse gas emissions to zero by 2040. The internet company came up with the plan, “2040 Carbon Negative,” because greenhouse gas emissions are forecast to surge for the next 10 years in line with the growing data traffic at internet data centers. The company’s plan aims to reach the same carbon neutrality goal that the government is pursuing, but 10 years earlier. As an examp
May 28, 2021
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Apple offers trade-in program for LG phone users
Apple Korea has launched a trade-in program to attract current users of smartphones made by LG Electronics, industry sources said Friday. The move is seen as part of the US phone vendor’s efforts to expand its presence in the South Korean market. According to sources in the telecom industry, Apple is running a smartphone exchange program with three Korean mobile carriers, which pay 150,000 won ($135) to those who replace their LG phones with iPhones. People who have used LG’s 4G
May 28, 2021
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Korea joins US-led Artemis Accords for space exploration
South Korea has become the 10th member of an international program for peaceful exploration of the space led by the United States, the Ministry of Science and ICT said Thursday. Science and ICT Minister Lim Hye-sook signed the Artemis Accords on behalf of the Korean government as a follow-up measure of the Korea-US presidential summit last week, the ministry said. The Artemis Accords is an international agreement among governments participating in the Artemis Program, a US-led effort to
May 27, 2021
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Samsung rolls out LED package with highest light efficacy
Samsung Electronics is rolling out a new mid-power LED package, the LM301B EVO, which boasts the highest light efficacy and innovative color quality for indoor and industrial applications, the company said Thursday. The latest Samsung LED package, built on the tech giant’s proprietary flip-chip design, features the industry’s highest efficacy of 235 lumens per watt, by applying a new reflective material inside the packaging mold and improving phosphor conversion efficiency. The p
May 27, 2021
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S. Korea signs US-led moon exploration accord
South Korea has signed a US-led international program to send humans to the moon again and further explore Earth's only satellite, the science ministry said Thursday. Science Minister Lim Hye-sook signed the Artemis Accords as a follow-up on an agreement reached at a recent bilateral summit in Washington, becoming the 10th signatory to the pact, the ministry said. The Artemis Accords is an international agreement among governments participating in the Artemis Program, a US-led effort to return
May 27, 2021