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South Korean internet giant Kakao announced on March 25 that its co-CEOs -- Yeo Min-soo and Joh Su-yong -- will serve another two-year term. The decision was approved at its annual shareholders meeting held in the southern resort island of Jeju. “Kakao’s mission for the next 10 ye...
While the use of drones both in the public and commercial realms expands, South Korea has yet to develop a unified position on how to authorize them, particularly in the R-75 zone of restricted airspace in Seoul. According to the Aviation Safety Act, a drone weighing 12 kilograms or less (without...
PUBG Corp. said Monday that CEO Kim Chang-han, developer of its eponymous game PlayerUnknown’s Battlegrounds, will take on the dual role as head of Krafton. The appointment is viewed by the game industry as Krafton Chairman Chang Byung-kyu’s strategy to raise the company’s mark...
South Korea’s Fair Trade Commission is set to report Naver Chairman Lee Hae-jin to prosecutors for alleged violation of antitrust laws, officials said Sunday. The antitrust watchdog said Lee is accused of omitting 20 affiliates, including Line Friends and some of his own and relatives&rsqu...
Woongjin Coway is now simply Coway after Netmarble’s acquisition of the company. Coway convened an interim shareholders meeting on Feb. 7 at its head office in Gongju, South Chungcheong Province, where it voted on loosing Woongjin from its company name. Netmarble Chairman Bang Jun-h...
Weather forecasts often become a laughing stock, not only because meteorologists are incapable of accurate predictions but also because it is difficult due to the unpredictable weather patterns amid climate change. But deep learning technology might aid meteorologists, thanks to experts working to...
Hyundai Motor Co. and its sister company Kia Motors Corp. said Tuesday they have suspended some of their assembly lines here due to shortages of parts from China amid the spreading coronavirus outbreak. Hyundai Motor halted the assembly lines for the production of the carmaker‘s indepen...
Office-sharing firm Sparkplus announced Dec. 17 that it has signed a partnership deal with tech startup Kasa Korea.According to Kasa Korea, it is planning to launch a blockchain-based funding platform that would make it possible for people without much money to indirectly and collectively fund real ...
Samsung Electronics is widely expected to maintain its No. 1 status in the global smartphone market this year, but its Chinese rival Huawei Technologies will narrow the gap with the world’s largest smartphone maker in terms of market share, an industry report showed Dec. 12. The South Korean ...
The number of pay TV subscribers in South Korea reached 33 million in the first six months of the year, up 540,000, or 1.67 percent, from the second half of last year, data showed Dec. 12. The figure includes pay subscribers to system operators, satellite broadcasting services and IPTV service prov...
SK Telecom and Samsung Heavy Industries said Dec. 10 their 5G-powered remote control ship operation test was successful. A 3.3-meter model ship made by Samsung Heavy sailed successfully in the sea near the shipbuilder‘s shipyard in Geoje, South Gyeongsang Province, using SKT’s 5G networ...
Korean investors have been turning their attention toward the real estate market, reflected in an increase in mortgage lending, while cash flows in the equity market have been overall stagnant, recent data showed. According to data released by the Bank of Korea last month, the outstanding balance of...
Telecom giant KT’s disease control platform recently launched in Kenya, widening reach in the African continent.KT’s Global Epidemic Prevention Platform will be locally serviced by the nation’s biggest telecom provider Safaricom, and will be called Safari Smart, meaning “smar...
The financial arm of South Korea’s leading portal operator Naver said Dec. 4 it has joined a cross-border mobile payment alliance with its Asian partners. The collaboration enables the four companies’ nearly 80 million users to make electronic payments at stores that use Naver Pay,...
US chipmaker Intel said Dec. 4 that it will focus on “edge computing” that could hold the key to the success of artificial intelligence in the future. Edge computing refers to the practice of storing data on computers located near cell towers and other network equipment to improve netwo...
Korean Air to expand flights to pre-pandemic levels
Igis to create fancy office complex in central Seoul
K-water to share know-how with Vietnam
Asiana Airlines wins data transfer certification in China
Celltrion's Zymfentra makes US debut
Kumho Tire to make EV push with EnnoV rebrand