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The Korea Herald

Mobile & Internet

September 29, 2024
KT and Microsoft to develop AI models for Korea

South Korean mobile carrier KT has forged a five-year, multibillion-dollar partnership with Microsoft to develop customized artificial intelligence solutions for Korea and to build a tech innovation center, the company said Sunday. Signing the agreement at the Microsoft headquarters in Redmond, Wa...
September 29, 2024
Hyundai Steel's e-commerce platform evolves to boost B2C sales

South Korean steelmaker Hyundai Steel is seeking to beef up its online sales capabilities through Hcore Store, the company’s e-commerce platform dedicated to steel products for construction, by diversifying offerings and introducing services to enhance customer convenience on the platform. Launch...
September 29, 2024
KFCC unites global leaders to promote digital financial inclusion

The Korean Federation of Community Credit Cooperatives, the nation's leading mutual financial institution, held an international forum in collaboration with the United Nations to discuss ways to boost digital financial inclusion in Jeju last week. The event drew ministers from 15 UN member states,...
September 29, 2024
SK Broadband unveils AI-powered IPTV service

SK Broadband said Thursday it is introducing an internet protocol television service using artificial intelligence to offer more tailored content to users. The internet service provider's IPTV platform B tv newly applies SK Telecom's AI assistant service A., allowing users to easily find desired c...
September 23, 2024
Middle East’s big AI push lures Korean tech firms

In the wake of the artificial intelligence boom, Korean tech giants are seen swiftly expanding their foothold in the Middle East, where countries are turning their eyes to the technology as a hedge to diversify their oil-centric economies. On Monday, Wall Street Journal reported that the world’s ...
September 23, 2024
Illegal drones cause 122 flight disruptions in four years

A total of 122 flights have been disrupted due to illegal drone activities over the past four years, data showed Thursday, prompting calls for stricter measures and penalties. From September 2020 to August 2024, a total of 506 cases of unauthorized drone activities were detected in the airspace ar...
September 20, 2024
Xiaomi takes 2nd spot after Samsung in August smartphone sales

Chinese smartphone makers are swiftly growing their presence in the global market, taking over the entry-to-mid-tier segment while creating a buzz with unique premium models to narrow the competitive gap with top players Samsung and Apple. In August, Chinese firm Xiaomi claimed second in terms of ...
September 19, 2024
Fintech rivals K bank, Toss gear up for IPOs

South Korea’s online banking firm K bank is gearing up for what could be one of the biggest market debuts this year, while its crosstown rival Toss seeks to follow suit in 2025. The country's first internet-only lender K bank is taking the final steps for its listing on the benchmark Kospi at the...
September 13, 2024
Telecom firms compete head-on for AI assistant service

Competition is heating up among major South Korean telecommunication companies to take the lead in the market for artificial intelligence assistants. LG Uplus, the country's smallest telecom company by market share, is set to launch a call-recording service, dubbed, “ixi O,” next month, accordin...
September 11, 2024
Online retail continues rapid growth

South Korea's consumer market increased by 33.3 percent from 2014 to 2023, with the annual growth in non-store retailing such as online markets outstripping that of large stores by tenfold. The consumer market for the country was 509.5 trillion won ($380.4 billion) in 2023, up from 382.3 trillion ...
September 11, 2024
Shinhan wears digital consultant hat for global peers

South Korea’s Shinhan Bank said Wednesday that it has embarked on a new business venture to provide digital finance consulting services to global peers, with Japan’s Tokyo Kiraboshi Financial Group as its first client. “This digital finance consulting contract with Tokyo Kiraboshi Financial Gro...
September 10, 2024
Samsung-Apple rivalry renewed as first AI iPhone debuts

Apple has launched the first generation of its artificial intelligence-focused smartphone series, the new iPhone 16 and iPhone 16 Pro, which are highly anticipated to go up against its rival Samsung Electronics' Galaxy S24, touted as the "world's first AI smartphone." To the disappointment of user...
September 04, 2024
[KH Explains] Marrying your virtual partner? Era of AI companionship dawns

Mitigating loneliness A Stanford University Graduate School of Education study in January showed that Replika is effective in eliciting deep emotional bonds with users and also in mitigating loneliness and suicidal thoughts as well. In the survey conducted of 1,006 students using Replika, 3 percen...
September 04, 2024
SK Telecom, Perplexity team up for AI-powered search engine

SK Telecom, South Korea’s largest wireless carrier by membership, announced Wednesday a partnership with Silicon Valley-based AI search unicorn Perplexity to revolutionize traditional keyword-based search into a more dynamic, conversational experience. With the conversational AI market projected ...
August 28, 2024
Naver, Kakao strive to combat deepfake porn spreading online

The rise of explicit and nonconsensual deepfake pornography illegally being shared online is prompting Korean platform operators to boost their surveillance while delaying generative AI services. Naver, the country's No. 1 search engine, said Wednesday it is running Clova GreenEye 2.0 on its platf...

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EDITOR'S PICKS

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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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