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The Korea Herald

Tech

October 10, 2019
Samsung Display announces transition plan from LCDs to QD-OLEDs

Samsung Display said on Oct. 10 it plans to invest 13.1 trillion won ($10.9 billion) to roll out quantum dot OLED displays in a bid to gain an upper hand in the global market. The display maker, fully owned by tech giant Samsung Electronics, has been producing LCD panels for TVs and OLEDs for mobi...
October 08, 2019
Naver introduces social media influencer search function

South Korea’s internet giant Naver unveiled on Oct. 8 a social media “influencer research” function as part of its efforts to provide a creator-friendly platform and technology. The new search function will be launched as a beta version with a focus in beauty and travel sectors at the end ...
October 08, 2019
Recovering chip demand, smartphone sales shore up Samsung’s Q3 earnings

Samsung Electronics estimated on Oct. 8 that its operating profit will likely stand at 7.7 trillion won($6.4billion) in the July-September period, down 56.2 percent on-year. The operating income beat previous analyst estimates of around 7 trillion won. Its quarterly sales will likely come in at 62...
October 06, 2019
Korean game companies offer unusual welfare programs

Once notorious for painstakingly long working hours and unfavorable conditions, games companies here have been making a 180-degree-turn, offering workplace welfare that stretches beyond conventional areas. In-house day care service for children, various skills classes, gym and libraries as well as...
October 04, 2019
Samsung Vice Chairman Lee to meet key Japanese partners in Seoul

Samsung Electronics Vice Chairman Lee Jae-yong reportedly plans to meet a group of top executives from Japanese electronic parts vendors in Seoul on Oct. 4. The group, which was formed in 1993 by Lee’s ailing father, Samsung Chairman Lee Kun-hee, is called “Lee Kun-hee and his Japanese Friends,”...
October 02, 2019
Samsung invests in quantum computing for future growth

Samsung Electronics has been relentlessly seeking breakthrough technologies beyond smartphones and semiconductors. In its latest effort to seek new technologies, its investment arm Samsung NEXT has invested in US startup Aliro Technologies. The startup is a spinoff of Havard’s Quantum Informatio...
October 02, 2019
Grab plans to expand financial services to 450m underbanked consumers

Southeast Asia, a region that is expected to become the world’s No. 4 market by 2030 with a huge emerging middle class, has been a battleground for many tech companies for the last several years. The fiercest competition, perhaps, is among ride-hailing startups such as Singapore firm Grab and Ind...
October 02, 2019
Kakao and Grab to join hands in Vietnam

Kakao Mobility, the mobility unit of South Korea’s mobile giant Kakao, and Grab, Southeast Asia’s leading ride-hailing app, are mulling a partnership in Vietnam, the companies confirmed on Oct. 2. They are currently talking about a cooperation via Splyt Technologies, a London-based startup Grab ...
September 30, 2019
ICDM refuses to intervene in 8K TV spat between Samsung, LG

The International Committee for Display Metrology, an independent organization that establishes display standards, has refused to intervene in the ongoing 8K spat between South Korean tech giants Samsung Electronics and LG Electronics, according to news reports Sept. 30. “We do not intervene in a...
September 30, 2019
Apple to propose revised measures over alleged violation of antitrust law

The South Korean unit of US tech giant Apple will submit revised voluntary corrective measures over its alleged violation of competition law, the antitrust regulator said Sept. 30. Apple Korea is suspected of having forced Korean mobile phone carriers -- SK Telecom, KT and LG Uplus -- to pay th...
September 29, 2019
Samsung strikes back at LG over legitimacy of QLED reference

Samsung Electronics on Sept. 29 struck back at LG Electronics, saying its reference to quantum-dot light-emitting diodes for TV commercials had already been approved in major overseas markets. “It is regretful that the QLED reference is belatedly becoming an issue in Korea, when it had been clear...
September 29, 2019
Nexon to launch new mobile game V4 in Nov.

Korean game company Nexon said on Sept. 28 it will release a new mobile game titled V4 on Nov. 7, having already postponed a number of other games. Nexon had set out this year with ambitious plans to launch 10 new mobile games within the first half of 2019. However, the mobile version of The King...
September 27, 2019
Delay in foundry biz assessment did more good than harm: MagnaChip CEO

NYSE-listed chipmaker head hints at positive results of evaluations Semiconductor firm MagnaChip, which has made inroads in the US and South Korea, announced in February that it would proceed with the strategic evaluation process for its overall foundry business, including its Fab. 4 fabrication p...
September 26, 2019
Lotte Duty Free signs MOU with Kakao to strengthen omnichannel marketing

Lotte Duty Free announced on Sept. 26 that it has signed a memorandum of understanding with the country’s leading messenger app operator Kakao to strengthen its marketing. “Through this MOU with Kakao, we will be able to provide more convenient and customized services to our customers,” Lotte D...
September 26, 2019
LG to release V50S in S. Korea next month

LG Electronics said Sept. 26 it will launch its latest flagship smartphone, the V50S, in South Korea on Oct. 11. The second dual-screen phone V50S will be released as a 5G model in the domestic market for 1.12 million won ($991) via the nation’s three mobile carriers and online shopping malls....

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