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The Korea Herald

Tech

June 04, 2020
Korea cracks down on foreign games that don’t play by the rules

The South Korean game censorship body on June 4 gave an ultimatum to foreign firms that are distributing products here without receiving government ratings, launching a surgical strike on popular cloud platform Steam. Steam is a video game digital distribution service that also supports games fro...
May 29, 2020
SK Telecom to develop AI-based post production platform

SK Telecom on May 29 said that the company would develop an AI-based post production platform to help local firms to export cultural products abroad. The South Korean telecommunications firm said it recently signed a memorandum of understanding with local post production firm New ID to collaborat...
May 20, 2020
Cafe24 joins Facebook’s new e-commerce initiative

Cafe24, a South Korean e-commerce solutions company, said on May 20 it has joined Facebook’s new initiative, “Shops,” as a partner. Facebook announced the launch of Shops on Tuesday to allow small businesses to set up a single online store for customers to access on both its platform and Insta...
May 19, 2020
Korean game companies diversify to move past former glories

From a stock trading platform to water purifier services, South Korean game companies are diversifying their business portfolios, joining the economy-wide trend of finding auxiliary business models as their growth faces limits. Though Korea’s No.1 game company Nexon posted the best quarterly rev...
May 18, 2020
Conglomerates foster growth of internal startup units

South Korean conglomerates are increasing their support for startups created and spun off by their own employees, the companies said on May 18. The move is part of an effort to strengthen the country’s startup ecosystem by encouraging creative business ideas and technological innovation, they said...
May 12, 2020
NCSoft posts record quarterly results in Q1

South Korean game company NCSoft said on May 12 it posted a record quarterly revenue of 731.1 billion won ($596.1 million) owing to the strong sales of mobile games as the COVID-19 outbreak kept people indoors, driving up demand. According to its regulatory filing, the sales of mobile games in th...
May 08, 2020
COVID-19 boosts NHN’s Q1 performance

The COVID-19 pandemic is proving to be a boon for online service providers. Korea’s NHN, for one, posted a 59 percent increase in year-on-year net profit in the first quarter on the back of a strong performance by its online payment solution, Payco, and its online games. According to its regul...
May 07, 2020
Oracle to open new cloud infrastructure in South Korea

Oracle Korea on May 7 announced its second cloud infrastructure will launch by the end of May out of Chuncheon, Gangwon Province. With access to two cloud infrastructures here, the company will be able to better handle the demanding workload of customers. The company said its dual-region strategy ...
May 07, 2020
Kakao struts through Q1 with record sales, margin

Korean internet giant Kakao posted record high sales and operating profit for the first quarter this year, despite the novel coronavirus pandemic fallout that has affected most industries. According to Kakao’s announcement on May 17, Kakao‘s sales in the first quarter increased by 22.9 percent ...
May 06, 2020
South Korean telecom firms expand AI-based senior care services

South Korean telecom firms have expanded their ICT-based senior care services recently, against the backdrop of increasing demand from an aging population. The services mainly use artificial intelligence-powered speakers, as well as the new 5G network and virtual reality programs. As of end-201...
April 24, 2020
Naver's Q1 net jumps 54% on increased online shopping

South Korea‘s top internet portal operator Naver Corp. said on April 23 its net profit jumped 54 percent in the first quarter from a year earlier largely on the back of increased online shopping transactions on its platform amid the new coronavirus pandemic. Net profit reached 134.9 billion won (...
April 17, 2020
NCSoft to purchase W800b property to build new headquarters

NCSoft has submitted a letter of intent to purchase a 800 billion-won property in Seongnam, Gyeonggi Province, sources said on April 17. A consortium led by the online games giant was the sole bidder for the property, which is a public parking lot. Kakao, a South Korean internet giant based in ...
April 14, 2020
Netflix sues SK Broadband, refuses to share internet network costs

Video streaming giant Netflix has sued local internet network operator SK Broadband, according to industry sources on April 14. The Korean unit of the US-based firm has reportedly filed a civil suit at the Seoul Central District Court arguing that it is not liable to pay for using SK Broadband...
April 06, 2020
Tech firms mobilize AI capabilities to fight COVID-19

Artificial intelligence has a great chance to prove its worth in the ongoing global war against the novel coronavirus. From garnering data about the pandemic to analyzing transmission patterns, providing information about prevention and diagnosing contamination, a variety of AI programs are being...
April 03, 2020
Nexon wants employees to come back to office

Korean game company Nexon said on April 2 it had decided to roll back its telecommuting, requiring all staff to report for duty starting next week. According to Nexon, all employees will have to come to work starting Monday, though exceptions will be made for those with special circumstances that ...

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