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The Korea Herald

Tech

September 04, 2020
KakaoPage to enter US, China and Southeast Asia markets by 2022

KakaoPage, an entertainment company specializing in online cartoons, web novels, film, and TV series, will expand its business overseas, according to the company’s announcement on Sept. 4. KakaoPage will expand its investments in mergers and acquisitions to enter the market in the US, China and ...
August 27, 2020
Netflix under probe in Korea over potential tax avoidance

Netflix’s regional office in South Korea is being investigated for alleged tax avoidance, according to industry sources on August 27. The National Tax Service made its first visit to the Netflix‘s office in Seoul and launched a probe on August 26. The NTS suspects the global streaming giant m...
August 12, 2020
Netmarble Q2 net more than doubles on new games

Netmarble Games, South Korea‘s No. 1 mobile game developer and publisher, said on August 12 that its net income more than doubled in the second quarter from a year earlier on the back of the popularity of its new games. Net income came to 85.2 billion won (US$71.9 million) during the April-June p...
August 11, 2020
LG U+ to roll out 5G-powered AR glass service with Nreal

LG U+, a South Korean telecommunications firm, said on August 11 that the company has commercialized the world‘s first 5G-based augmented reality glass solutions. The wearable device named LG U+ Real Glass is supported by smart glasses provided by mixed-reality product developer Nreal and chipm...
August 07, 2020
Naver’s online cartoon service posts W3b daily sales

Naver on August 7 said that its online cartoon business is posting 3 billion won ($2.5 million) in average daily gross sales as of Aug. 2, up from 2 billion won in August last year. Naver contributed the growth to the increased number of monthly active users. Active users in July surpassed 650 mi...
August 06, 2020
Kakao hits all-time high sales in Q2

Kakao, the operator of South Korea’s top mobile messenger, on August 6 announced that its quarterly sales reached 952.9 billion won ($803.7 million) in the second quarter, an increase by 30 percent on-year and a record high. The company’s operating profit during the April-June period also soar...
August 03, 2020
Kakao Games under fire for sexist translation ahead of IPO

Kakao Games is facing a boycott from users for sexist translations in its newly released game Guardian Tales, posing a hiccup to the company that stands on the doorstep of going public. The gaming unit of Korea’s leading messenger app operator Kakao on August 2 conducted an unscheduled update at...
July 30, 2020
Naver posts all-time high sales in Q2

outh Korea’s top internet firm Naver announced on July 30 that its sales in the second quarter reached an all-time high of 1.9 trillion won ($1.6 billion), up 16.7 percent on-year. The company’s operating profit increased by 79.7 percent to 230 billion won, while net profit increased twofold lo...
July 24, 2020
Kakao Games’ IPO application gets greenlight

Kakao Games said on July 24 its application for initial public offering has received the greenlight from the Korea Exchange (KRX), the nation’s sole bourse operator. According to the South Korean game company, the KRX approved Kakao Games’ application for preliminary qualification examination f...
July 24, 2020
Nexon launches open-world role-playing game V4 in 150 countries

Nexon on July 24 announced the launch of its open-world MMORPG game V4 in 150 countries. Standing for “Victory For,” V4 is a mobile MMORPG made using Unreal Engine 4. It boasts high-end graphics, a vast virtual combat field and character customizing features. According to the South Korean gam...
July 24, 2020
Smilegate’s drama series ‘CrossFire’ tops 100m views in China

Smilegate said on July 24 that its 36-episode drama series based on its first-person shooter game CrossFire has recorded 100 million views in China. According to the South Korean game company, the drama series, also named as CrossFire, recorded the milestone on China’s biggest over-the-top plat...
June 19, 2020
Samsung inks 5G deal with Canada’s Telus

Samsung Electronics said on June 19 that it has been selected as the 5G network infrastructure supplier for Canada-based telecom firm Telus, laying the groundwork for its presence as one of the primary vendors in the country. Telus, founded in 1990, has 13.4 million mobile subscribers with annual...
June 08, 2020
Social distancing boosts PC games, mobile videos: report

Given the nationwide social distancing norms in place, South Koreans are playing more computer games and watching videos on mobile devices, data showed on June 7. According to a report from local market research firm Nielsen KoreanClick, Koreans spent 34 percent of their time playing games on PCs...
June 05, 2020
FTC ends probe on ‘TV war’ between Samsung and LG

The Fair Trade Commission said on June 5 it has terminated an investigation into the battle between Samsung Electronics and LG Electronics over the technological competitiveness of their TVs. The antitrust agency said the two companies have decided to drop the case and pledged to refrain from neg...
June 05, 2020
LG to forego new hires in first half of 2020

LG Group’s major affiliates LG Electronics and LG Display are unlikely to proceed with the first leg of the semiannual recruitment process in the first half of 2020. As of June 5, the two companies have yet to give notice of any hiring plans. Considering the numerous steps that large conglome...

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