June 02, 2023

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EDITOR'S PICKS

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  Netmarble to launch 3 new games in H2

  Netmarble announced Thursday that it will launch three new titles in the second half of this year as the South Korean mobile game giant seeks a turnaround after five consecutive quarters of operating losses. The three games slated to be released in the upcoming months are Tower Of God: New World, Grand Cross: Age of Titans and Seven Knights Idle Adventure. “The three games we are introducing today each have an easy level of gameplay as well as immersive storylines that were fully created o

• Markets 
  

  [KH Explains] Last chance saloon for Kakao’s portal biz

  South Korean internet giant Kakao recently separated Daum, the operator of the nation’s No. 2 portal site, into an independent in-house company, fueling speculation that Kakao may be losing appetite for the search engine business a decade after their highly publicized merger back in 2014. Under the new decision announced on May 4, Daum began operating as a “company-in-company” on May 15, a more independent subsidiary with its CEO being appointed by the parent company to mainta

• Markets 
  

  Hyundai Elevator launches advanced elevator maintenance service

  Hyundai Elevator announced Thursday that it has launched an advanced elevator maintenance service, called Miri, which integrates the Internet of Things, artificial intelligence, big data and robotics technologies. The new Miri, which means “in advance” in Korean, reflects the company’s commitment to providing the best customer satisfaction, the company said. Hyundai Elevator held the launch event at its smart campus in Chungju, North Chungcheong Province, with CEO Cho Jae-che

• Markets 
  

  Hyundai’s Hillstate Sunwha lures both residents, investors

  South Korean builder Hyundai Engineering & Construction announced Thursday that it will begin pre-sales of its Hillstate Sunhwa the Wise – a residential and commercial apartment complex in Daejeon, some 160 kilometers south of Seoul. The complex consists of five 49-story buildings with a total of 851 units. The builder plans to offer the first installment deposit fixed at 10 million won ($7,500) and an interest relief guarantee to the contract holders. The complex, among others, boas

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  Naver downed by traffic surge after NK launch

  The mobile webpage of Naver, South Korea’s largest online portal, suffered a brief service disruption early Wednesday after North Korea launched what it called a military reconnaissance satellite. According to Naver, its the server went down for about five minutes, from 6:43 a.m. to 6:48 a.m. due to high traffic, soon after the Seoul Metropolitan Government issued an emergency alert text message urging people to prepare for evacuation at 6:41 a.m. The message said the city government had i

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  Can KakaoBank pioneer global expansion?

  KakaoBank, the largest internet-only bank in South Korea, hopes to replicate its domestic success in overseas markets, aiming to become the first Korean internet-only bank to pioneer international expansion. Having built a substantial user base since its launch in 2017, the largest internet-only bank in South Korea has demonstrated the benefits of branchless banking to financial consumers in the country. Led by CEO Yoon Ho-young, who secured his fourth two-year term in March, KakaoBank is spea

• Markets 
  

  Samsung employees donate W230m via May campaign

  Samsung Electronics said Wednesday it has donated over 230 million won ($174,000) by launching a socially responsible campaign in May, driven by employee participation, to support 20 children from low-income households. Samsung’s chairman Lee Jae-yong, who has reportedly made numerous anonymous donations, is trying to spread a culture of donation throughout affiliates of Samsung Group. The Month of Sharing campaign was designed to encourage Samsung employees’ donations through the

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  Hyundai Rotem to test drive hydrogen tram

  Hyundai Rotem, a railway, defense and plant systems provider under Hyundai Motor Group, is speeding up the commercial debut of the nation’s first hydrogen-powered electric tram, with a test drive set to be carried out in the coming months. According to the Ministry of Trade, Industry and Energy on Wednesday, the company’s upcoming tram, equipped with hydrogen fuel cells, is expected to drive a total of 25,000 kilometers on two railway test tracks in Osong, North Chungcheong Provinc