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The Korea Herald

Tech

November 15, 2019
Gen Z youth prefer emerging e-commerce platforms, shun Coupang

South Korea’s e-commerce market has several big players -- Coupang, 11st Street, WeMakePrice and G-market -- which are engaged in cut-throat competition and are gnawing at the business of offline retailers. But they are not necessarily preferred by young Koreans. According to App Annie, Generatio...
November 15, 2019
Samsung sees market share improve in Japan in Q3

Tech giant Samsung Electronics saw its share of the Japanese smartphone market increase in the third quarter, according to market research firm Strategy Analytics on Nov. 15. The South Korean smartphone maker shipped some 500,000 smartphones during the July-September period in Japan. The figure ac...
November 14, 2019
Naver shares soar on Line-Yahoo Japan merger talks

South Korean internet giant Naver’s shares soared 13 percent on Nov. 14 following news that its messenger app Line is mulling a merger with SoftBank-owned Yahoo! Japan. Japan’s media reports earlier said that SoftBank and Naver are considering to form a 50:50 venture that would control Z Holding...
November 14, 2019
Samsung SDS holds developer conference in Seoul

IT solutions developer Samsung SDS hosted Techtonic 2019, a developer conference for artificial intelligence, blockchain and cloud computing in Seoul on Nov. 14. The annual conference which was launched last year is aimed at sharing the firm’s cutting-edge technologies with developers, academia a...
November 13, 2019
YouTube introduces 12 promising game content creators

YouTube on Nov. 13 introduced 12 promising game content creators selected for NextUp, the video streaming giant’s initiative to nurture creators. It was the first time the company carried out the program in South Korea and also the first batch focusing on game contents in Asia Pacific. “We start...
November 10, 2019
LG Electronics sues China’s TCL over LTE patent in Germany

LG Electronics has filed a lawsuit with two German courts against China’s phone manufacturer TCL over patent infringement, the South Korean tech giant said Nov. 10. In the suits filed with the district courts in Mannheim and Düsseldorf, LG claimed the Chinese vendor infringed three standard pat...
November 10, 2019
S. Korean banks in heated competition over ‘open banking’

Struggling to innovate in a fast-changing, competitive market, South Korean banks have their eye on a new integrated financial service -- open banking. The service lowers the threshold for bank customers by allowing them to use virtually all banking services of different banks via a single mobile ...
November 08, 2019
Samsung top exec to deliver keynote at CES 2020

Tech giant Samsung Electronics said on Nov. 8 its consumer electronics division CEO Kim Hyun-seok will deliver a keynote speech at the CES electronics trade show in January. He will take the stage at the Palazzo Hotel in Las Vegas on Jan. 6, prior to the official opening of the five-day trade show ...
November 07, 2019
Open source serves as source of innovation, not threat: OIN CEO

Software will be key differentiator for companies in diverse biz sectors. Open source used to be considered to be dangerous and destabilizing by many tech titans. Microsoft, Ericsson and Nokia were some of those who were seen as antagonistic toward the open source movement. Their dazzling success...
November 07, 2019
Samsung’s chip capital spending ranks No. 1 for 3 years: report

Samsung Electronics’ investment in its semiconductor manufacturing over a three-year period is expected to be far higher than its American and Taiwanese rivals, an industry report showed Nov. 7. The South Korean memory chip giant’s combined capital expenditure from 2017 to 2019 for its semico...
November 07, 2019
Kakao’s net profit surges in Q3

Kakao, the operator of South Korea‘s top mobile messenger KakaoTalk, said Nov.7 its third-quarter net profit skyrocketed nearly six times higher from a year earlier on the back of robust revenue from its contents and ad businesses. Its net profit reached 51.1 billion won ($44 million) in the J...
November 06, 2019
Samsung to ramp up foldable smartphone production in 2020

Samsung Electronics plans to increase the production of foldable smartphones next year following the positive market response for Galaxy Fold, according to a top executive. “We will significantly increase the sales of foldable smartphones next year,” Koh Dong-jin Koh, CEO of the mobile business ...
November 06, 2019
NCSoft’s new Lineage 2M to launch Nov. 27

South Korean online game maker NCSoft said Nov. 6 the new mobile version of its megahit game Lineage 2 will be launched later this month. Lineage 2M will be available Nov. 27, the company said. Players will be able to experience the massively multiplayer online role-playing game for the mob...
November 06, 2019
Samsung unveils Galaxy Fold in China

Samsung Electronics unveiled its Galaxy Fold at an industry fair in China on Nov. 6, ahead of its official launch later this week. The Korean tech giant displayed three foldable devices at China International Import Expo held in Shanghai as it is taking preorders for Galaxy Fold from Chinese co...
November 06, 2019
Macquarie selected as preferred bidder to acquire stake in LG CNS

Australia-based private equity fund Macquarie has been chosen as the preferred bidder to acquire a 35 percent stake in LG CNS, LG Group’s holding company said Nov. 6. LG Corp. didn’t reveal the bidding price from Macquarie, but industry observers estimate the deal could be worth around 1 tril...

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