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The Korea Herald

Tech

March 31, 2020
Nexon aims to bring gaming to stock exchange platform

Nexon’s holding company NXC said on March 30 it is developing an online trading platform in the form of a game, targeting young people held back by the complexity of conventional systems. The company has established a subsidiary Arques, to develop a friendly trading platform with a user interfac...
March 26, 2020
Creators, celebrities join hands to bring hopeful messages amid COVID-19

Content creators and celebrities including football player Son Heung-min joined forces to bring positive messages amid the COVID-19 pandemic, Korea Multi-channel Network Association, said on March 26. Named Messages of Hope to Overcome Coronavirus Crisis, the campaign aims to fight against the pan...
March 25, 2020
Kakao’s co-CEOs to serve another 2-year term

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 years is to ma...
March 18, 2020
Attendance halves at Samsung’s shareholders meeting amid virus fears

SUWON -- Around 400 Samsung Electronics shareholders gathered at a convention center in Suwon, Gyeonggi Province, to attend the annual meeting with reinforced sanitation efforts amid the coronavirus fears. “I hesitated to participate today because of the coronavirus spread, but had to come to ex...
March 11, 2020
Samsung committee advises heir to apologize to public

Samsung Group’s compliance monitoring committee, led by former Justice Kim Ji-hyung, said Wednesday it has advised heir Lee Jae-yong and seven affiliates to issue a public apology for past wrongdoings concerning leadership succession plans. The committee has sent a letter setting forth its recomm...
March 10, 2020
Seoul airspace lacks unified drone command center

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...
March 10, 2020
Samsung unveils new solid-state battery tech

Samsung Advanced Institute of Technology said on March 10 unveiled its study on longer-lasting all-solid-state battery technology for the first time in Nature Energy, one of the world’s leading scientific journals. All-solid-state batteries, utilizing solid electrolytes, support greater energy d...
March 09, 2020
LG Chem unlikely to spin off EV battery biz this year

LG Chem, a leading lithium-ion battery supplier, seems unlikely to push ahead with plans to spin off its battery business this year, a news report suggested on March 9. The report said the company’s task force team responsible for the battery spinoff had concluded last week that it would not be...
March 09, 2020
Battlegrounds creator to head both PUBG, Krafton

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 market valuation for...
February 17, 2020
FTC to report Naver chairman to prosecutors for violating antitrust laws

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’ companie...
February 17, 2020
[From the Scene] Galaxy S20, Z Flip attract aspiring tech leaders in Silicon Valley

PALO ALTO, California -- After the Galaxy S20 and Z Flip phones were unveiled in San Francisco on Tuesday, aspiring tech leaders studying and working in Palo Alto, the heart of Silicon Valley, flocked to a Samsung shop in the area. Samsung Experience Store in Stanford Shopping Center saw its visi...
February 07, 2020
Coway rebrands under Netmarble

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-hyuk was ma...
February 06, 2020
Google hopes to improve weather prediction with ‘Nowcasting’

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...
February 04, 2020
Hyundai, Kia suspend some production lines amid coronavirus-triggered crunch

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 independent ...
January 30, 2020
Samsung’s earnings nosedive on weak chip, display markets in 2019

Samsung Electronics posted a 52.84 percent on-year decline in operating profit in 2019 due to the sluggish memory and display panel markets, according to its earnings report released Thursday. However, prospects for the largest South Korean tech giant this year are bright going by its better-than...

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