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The Korea Herald

Mobile & Internet

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 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 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...
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 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 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
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 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
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
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 04, 2019
Chip exports rise amid plunging prices

South Korea’s chip exports have climbed more than 5 percent this year despite a tumble in prices of key products, data showed Nov. 4. The country’s semiconductor exports totaled 29,834 tons for the year up to Oct. 25, up 5.2 percent from the same period a year earlier, according to data from ...
November 01, 2019
KT launches ICT rescue center on Mount Annapurna

Telecom giant KT said Nov. 1 it has launched an ICT rescue center on Mount Annapurna in Nepal to offer network services for climbers in the region. Built at the Machhapuchhre Base Camp at the altitude of 3,700 meters, the information and communication technology center will be fitted with base s...
November 01, 2019
Number of 5G subscribers in Korea reaches 3.5 million

The number of subscribers to 5G services offered by the nation’s three telecommunications firms -- SK Telecom, KT, and LG Uplus -- came in at 3.47 million as of September, according to the Ministry of Science and ICT on Nov. 1. The telecom firms began commercial 5G services on April 3. The figure...
October 31, 2019
SK Telecom’s net profit dips 73.9% in Q3

SK Telecom said Oct. 31 its third-quarter net profit plunged due to equity losses of its chipmaking subsidiary, while its operating profit remained mostly unchanged from the previous year. Its net income tumbled 73.9 percent to 274.4 billion won ($236 million) in the July-September period compa...

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