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The Korea Herald

Mobile & Internet

August 22, 2024
LG Chem leads growth hormone market with award-winning app

LG Chem is leading the nation's growth hormone market with its award-winning mobile app, EuDi. According to the company, EuDi won the iF Design Award 2024 in the user experience category in March. It was the only pharmaceutical company to win the honor among 521 winners since 2021, in an arena tra...
August 21, 2024
Coex to host smart factory trade show in Vietnam next month

The inaugural Automation World Vietnam, a trade show dedicated to smart factory solutions and automation, will be held in Binh Duong Province, north of Vietnam's Ho Chi Minh City, from Sept. 25 to 27, event host Coex said Wednesday. The upcoming event will be the first Automation World expo held o...
August 20, 2024
Can Daum regain past glory with AI push?

Daum, once solidly the No. 2 player in the online search market in Korea, has lost ground to foreign rivals here. Its parent company Kakao is betting heavily on artificial intelligence to revive the ailing portal site, but industry watchers remain skeptical of its strategy, which has yet to be mad...
August 11, 2024
Naver's operating profit surges 27% in Q2

South Korean internet giant Naver on Friday reported record-high quarterly revenue of 2.6 trillion won ($1.91 billion) for the April-June period this year, thanks to profit increases in all of its major businesses including the search platform and cloud service. During an earnings call, Naver Chie...
August 08, 2024
Kakao hints at drastic revamp in non-core businesses in second half

Kakao Corp., the operator of South Korea’s No. 1 messenger app KakaoTalk, said Thursday that it will swiftly implement a contingency plan in the second half of this year to carry out a drastic reform in its overall business operations. "We have defined KakaoTalk and AI as the key drivers of our g...
July 23, 2024
Arrest plunges Kakao into crisis

Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, has plunged into crisis as its founder and top decision maker Kim Beom-su was arrested on Tuesday on charges of stock price rigging linked to the company’s takeover of K-pop powerhouse SM Entertainment. With the leadership...
July 21, 2024
10 Korean companies on recovery from Microsoft IT outage

Following the mass global tech outage linked to Microsoft that disrupted critical public services and grounded planes, 10 companies affected in Korea have restored their operations or are on their way to recovery, said industry officials on Sunday. A faulty update from cybersecurity company CrowdS...
July 17, 2024
Google suspends popular search service in Korea

US tech giant Google has recently discontinued offering real-time popular searches in Korea, a feature long banned by its Korean rivals such as Naver and Daum due to the possibility of manipulating public opinion. “We have decided to remove the feature from Google Search in Korea. The feature is ...
July 09, 2024
Kakao's legal risk intensifies over alleged stock manipulation

Kim Beom-su, the founder of tech giant Kakao Corp., the operator of South Korea's top mobile messenger, was summoned by prosecutors Tuesday to address allegations of stock price manipulation related to Kakao's acquisition of K-pop megacorp SM Entertainment last year. The Financial Investigation Di...
July 04, 2024
Stalled talks for Line stake sale: Boon or bane for Naver?

Negotiations over Naver’s stake sale in its joint venture with Japan’s SoftBank are expected to be prolonged, with no immediate breakthrough in sight. Naver CEO Choi Soo-yeon on Tuesday made it clear that the portal giant has no immediate intention to sell its stake in LY Corp., the operator of ...
June 19, 2024
SKT-led quantum alliance named 'X Quantum'

SK Telecom, South Korea's largest wireless carrier by membership, on Wednesday unveiled the official name of its quantum alliance: X Quantum. In March, SK Telecom allied with six other companies -- Nokia, SOS Lab, Xgate, Wooriro, KCS and IDQ Korea -- to promote developments in the quantum ecosyste...
June 18, 2024
Naver Webtoon aims for $2.67b valuation via Nasdaq listing

Naver Webtoon, known as Webtoon Entertainment in the US, is seeking to be listed on the Nasdaq market, where it expects to have a corporate value of up to $2.67 billion. Webtoon Entertainment submitted a registration statement to the US Securities and Exchange Commission for its upcoming initial p...
June 12, 2024
[From the Scene] Kakao’s first data center unveiled

Korean IT giant Kakao, having suffered from its worst-ever server shutdown in October 2022, unveiled its first in-house data center in Ansan, Gyeonggi Province, to local media Tuesday. As part of Kakao's efforts to keep users' daily lives safe, this data center is the first one of its kind to maxim...
June 04, 2024
KT, Microsoft forge partnership for AI push

Korean telecommunications giant KT Corp. said Tuesday it has forged a strategic partnership with Microsoft to enhance ties on artificial intelligence, among others. The new partnership, aiming at jointly developing AI, cloud and IT services tailored for the Korean market, was sealed at Microsoft’...
June 04, 2024
Kakao launches K.ride for foreign travelers

Kakao Mobility, the operator of Korea's leading taxi-hailing service Kakao T, said Tuesday that it has introduced a new application for foreign visitors called "K.ride" to make their mobility in Korea more convenient. Previously, only those with a Kakao Talk account, the most popular messaging app...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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