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The Korea Herald

Mobile & Internet

October 31, 2019
Naver’s net profit jumps 24.7% in Q3

South Korea’s top internet portal operator Naver said Oct. 31 that its net profit jumped 24.7 percent in the third quarter from a year earlier due largely to the sound performance of its overall business. Its net profit reached 85.3 billion won ($73.1 million) in the July-September period, com...
October 30, 2019
S. Korea hosts 5G fair to promote exports of immersive contents

South Korea on Oct. 30 opened a 5G fair to help local companies export their latest immersive content products. Domestic companies showcased their goods to prospective overseas partners at the two-day fair at an exhibition center in Goyang, northwest of Seoul, the Ministry of Science and ICT sa...
October 30, 2019
KT to invest W300b in AI by 2023

South Korean telecom giant KT said Oct. 30 it will invest 300 billion won ($256.9 million) in the next four years to develop advanced artificial intelligence technologies in various areas. KT said it will develop AI tech in four areas -- language, image, analysis and problem solving -- to incre...
October 27, 2019
Who’s in and who’s out at G-Star 2019?

G-Star 2019, the biggest annual game convention in Korea, is to see attendance from a slew of notable players in the game industry, but several will be missing from the picture. Biggest local game companies Nexon and NCSoft are not participating in this year’s event, with the former citing a desi...
October 27, 2019
Korea’s biggest game convention G-Star to return in Nov.

The port city of Busan is expected to see a splurge of footfalls in November, with Korea’s biggest annual game convention G-Star slated to return Nov. 14-17 at Bexco. On the eve of the game trade show, the yearly Korea Game Award ceremony will reward the best games of the year at the Cultural Hal...
October 27, 2019
SKT forms partnership to build 5G networks in Philippines

SK Telecom said on Oct. 27 it has formed a strategic partnership with Now Corporation to build 5G infrastructure in the Philippines. SKT will share its know-how in 5G infrastructure design and construction, opening up the export of business-to-business solutions between Korea and the Philippines. ...
October 24, 2019
SK hynix hit hard by falling DRAM price in Q3

South Korean chipmaker SK hynix said on Oct. 24 that it posted an operating profit of 472.6 billion won ($404 million) in the July-September period, down by a whopping 93 percent from a year earlier. The company attributed the profit drop to the falling price of DRAM chips. The third-quarter reven...
October 18, 2019
Huawei set to continue foldable hype with Mate X launch

Chinese tech firm Huawei will reportedly start receiving preorders for its first foldable smartphone Mate X from Oct. 23 in China, posing a challenge against its South Korean rival Samsung Electronics’ Galaxy Fold, which was launched last month. The device will be officially released on Nov. 11, ...
October 16, 2019
Apple to launch iPhone 11 lineup in S. Korea on Oct. 25

US tech giant Apple said Oct. 16 that its latest iPhone models -- iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max -- and smartwatch Apple Watch 5 will hit the stores in South Korea on Oct. 25. Although the latest models have been criticized by market analysts for the “lack of innovation,” the device...
October 11, 2019
Facebook ups ante in video platform market

Facebook Korea said on Oct. 11 that it would step up efforts to nurture its video streaming platform Watch by offering highly tailored content for users and attracting creators. Launched globally in August 2018, Watch is a video-sharing platform that streams content made by individuals, influencer...
October 08, 2019
Naver introduces social media influencer search function

South Korea’s internet giant Naver unveiled on Oct. 8 a social media “influencer research” function as part of its efforts to provide a creator-friendly platform and technology. The new search function will be launched as a beta version with a focus in beauty and travel sectors at the end ...
October 06, 2019
Korean game companies offer unusual welfare programs

Once notorious for painstakingly long working hours and unfavorable conditions, games companies here have been making a 180-degree-turn, offering workplace welfare that stretches beyond conventional areas. In-house day care service for children, various skills classes, gym and libraries as well as...
October 02, 2019
Grab plans to expand financial services to 450m underbanked consumers

Southeast Asia, a region that is expected to become the world’s No. 4 market by 2030 with a huge emerging middle class, has been a battleground for many tech companies for the last several years. The fiercest competition, perhaps, is among ride-hailing startups such as Singapore firm Grab and Ind...
October 02, 2019
Kakao and Grab to join hands in Vietnam

Kakao Mobility, the mobility unit of South Korea’s mobile giant Kakao, and Grab, Southeast Asia’s leading ride-hailing app, are mulling a partnership in Vietnam, the companies confirmed on Oct. 2. They are currently talking about a cooperation via Splyt Technologies, a London-based startup Grab ...
September 30, 2019
Apple to propose revised measures over alleged violation of antitrust law

The South Korean unit of US tech giant Apple will submit revised voluntary corrective measures over its alleged violation of competition law, the antitrust regulator said Sept. 30. Apple Korea is suspected of having forced Korean mobile phone carriers -- SK Telecom, KT and LG Uplus -- to pay th...

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