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The Korea Herald

Mobile & Internet

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 ...
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 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 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...

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