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The Korea Herald

Tech

December 04, 2019
Naver joins cross-border mobile payment alliance

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, Line Pay a...
December 04, 2019
Intel eyes AI on ‘edge computing’

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 network res...
December 04, 2019
Court rules in favor of FTC over record fine against Qualcomm

A Seoul court ruled in favor of South Korea’s antitrust regulator Dec. 4, saying its decision to impose a record fine on US chipmaker Qualcomm was justifiable. The ruling would be a setback for Qualcomm, which appealed the Fair Trade Commission’s 2016 decision to fine the company 1.03 trillio...
December 03, 2019
Online shopping continues to rise in Oct.

Online purchases in South Korea continued to show solid growth in October, government data showed Dec. 3, demonstrating the popularity of smartphones, fast delivery and convenient payment options with local shoppers. The total value of transactions made with computers, smartphones and tablets r...
December 03, 2019
LG Electronics supplies solar modules to Australian logistics center

LG Electronics said Dec. 3 it has supplied solar modules for a rooftop solar panel project in Australia’s largest logistics center. The Korean tech giant said it has provided 7,500 solar modules to Moorebank Logistics Park in Sydney to power the warehouse. The modules were installed on the...
December 02, 2019
KT’s AI robot debuts in Seoul hotel

Telecom firm KT said Dec. 2 its hotel service robot, enabled by artificial intelligence and other cutting-edge technologies, made its official debut in a Seoul hotel. The AI hotel robot, dubbed N bot, started its official service at Novotel Ambassador Seoul Dongdaemun Hotels & Residences, to se...
December 01, 2019
Is Vietnam an attractive place for Samsung chip plant?

Is Vietnam a good place for chipmakers to consider building a high-tech plant? In light of a request by the Vietnamese head of state to Samsung Electronics, the world’s largest chipmaker, many in South Korea are asking whether it is a viable business move. In a private meeting held in Seoul on D...
November 28, 2019
Samsung to supply PC CPUs to Intel: sources

Samsung Electronics has agreed to supply central processing units for computers to Intel to help address the US chipmaker’s supply issues, industry sources said Nov. 28. Intel has been struggling to meet demand for 14-nanometer chips for PCs since late 2018 and recently issued an apology to it...
November 26, 2019
[ASEAN-Korea Summit] High-end tech draws attention at ASEAN-Korea summit

From smart farming to three-wheeled electric vehicles, cutting-edge technologies of South Korean companies are in the limelight at the ASEAN-ROK Innovation Showcase 2019, being held on the sidelines of the 2019 ASEAN-Republic of Korea Commemorative Summit in Busan. Korean firms -- conglomerates as...
November 22, 2019
CJ ENM, Netflix sign 3-year partnership deal

CJ ENM, South Korea’s entertainment and media powerhouse, said Nov. 21 that it has signed a long-term strategic partnership deal with global online video streaming platform Netflix to create and distribute contents. Under the partnership, CJ ENM and its drama production affiliate Studio Dragon, w...
November 21, 2019
LG Uplus partners with Nreal to launch AR glasses

LG Uplus said Nov. 21 it has signed an exclusive deal with mixed reality display developer Nreal to launch augmented reality glasses in South Korea in early 2020. The Korean telecom operator unveiled Nreal Light AR glasses by the Beijing-based startup to show off its AR applications on LG Elect...
November 20, 2019
Line founder to cash in on merger

The merger of Naver’s Line and SoftBank’s Z Holdings, formerly known as Yahoo! Japan, to create a $30 billion tech company will take the popular messaging app private first, making Line creator Shin Jung-ho a millionaire. To carry out the merger, Line and Z Holdings will buy back 23.5 percent st...
November 19, 2019
Line, Yahoo Japan merge to beat off global tech rivals, aging society

The merger of Naver’s Line and SoftBank’s Z Holdings, formerly Yahoo! Japan, has come at a time of soured bilateral relations over unresolved historical issues between the two East Asian countries. That is how desperate tech companies in South Korea and Japan are trying to beat the growing domina...
November 19, 2019
Samsung to lose No. 1 semiconductor supplier rank to Intel in 2019: report

South Korean tech giant Samsung Electronics will relinquish its top semiconductor supplier rank to US chipmaker Intel this year due to the weak memory chip market, an industry report showed Nov. 19. The top-15 semiconductor companies’ sales are forecast to drop by 15 percent this year to $314....
November 18, 2019
Naver, SoftBank announce merger of Line, Yahoo Japan

South Korean internet giant Naver and Japan’s SoftBank on Nov. 18 announced that they agreed to merge messenger app Line and portal Yahoo! Japan in a deal that is set to create the largest Japanese mobile platform. By uniting, Naver and SoftBank will each hold 50 percent of the merged company. Cu...

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