Samsung Electronics is stepping up efforts to strengthen its non-memory semiconductor business. The company is seeking to strengthen the profit structure of the non-memory business by raising its competitiveness to the level of its world-leading semiconductor business.The Korean tech giant is accele
Korean patients with cancer and dementia will soon be allowed to have genetic tests without going to hospitals by using direct-to-consumer (DTC) devices, which test using their saliva.DTC usually refers to the marketing of pharmaceutical products but also applies to the direct marketing of medical d
The main keywords in the New Year messages of the chairmen and CEOs of major Korean business groups were “customers,” “growth” and “global.” Last year, “survival,” “competition” and “change” were the keywords, reflecting increased uncertainties in the business environment. Analysts say that this yea
About 4,500 companies from 155 countries across the world will gather at CES 2019, the world's largest consumer technology event to take place for four days from Jan. 8 in Las Vegas of the United States, to showcase new technologies that will shape our daily life in the future.Smart home, smart
The founder of South Korea’s largest gaming company Nexon Co. has put his entire stake in NXC Corp., the group’s holding company, up for sale.Gaming and investment banking (IB) industry sources said on Jan. 3 that NXC CEO Kim Jung-ju has offered to sell off NXC shares owned by him and his affiliated
The South Korean government will benchmark the United States and introduce an approval system for foreign companies’ attempts to acquire Korean companies to prevent technology leaks. It will also increase the penalties for those who leak core national technologies, including fines of up to three tim
As institutional investors sold more than 400 billion won (US$356.35 million) worth of local shares on the first trading day of the new year, there is growing concern that the benchmark KOSPI can fall below the 2,000 level again.Analysts say investors are chilled by the global economic slowdown stem
As the competition for new customers has become severe in the domestic insurance market due to saturation, business expenses spent by non-life insurance companies, including marketing cost, last year is expected to reach a record high.Insurance industry and Financial Supervisory Service (FSS) source
Korean blockchain and cryptocurrency companies are entering the competition in the simple payment market.Dunamu, the company behind South Korea’s cryptocurrency exchange platform Upbit, plans to allow partner companies of its “Luniverse” blockchain platform to build a main net, or an independent blo
The composite investment index of major Korean companies for 2019 has fallen to the lowest level since the government began to calculate the index in 2008.The index is based on five indicators – the investment trend index, the investment sentiment index, the investment performance index, the entrepr
Korean gaming companies are incorporating blockchain technology into their games. They have released or are preparing to release new games where blockchain technology is applied.Hanbit Soft is carrying out an internal test with its overseas partner, Asia Soft in Thailand, to link the global version
SsangYong Motor Co., part of Mahindra Group of India, announced on Jan. 2 that it sold a total of 143,309 vehicles in 2018 – 109,140 units in domestic sales and 34,169 in exports including CKD kits.In 2018, SsangYong showed a similar sales performance to 2017, recording a growth for nine consecutive
The National Pension Service (NPS) suffered a loss of more than 16 trillion won (US$14.34 billion) in its assets in October as its investment return entered into negative territory again in one month, according to a report released by the NPS fund management committee on Dec. 28.The NPS lost 15 tril
SK Telecom announced on Jan. 1 that it has succeeded in live TV broadcasting using its 5G commercial network and streaming solutions for the first time in the world.The mobile carrier broadcast the New Year's countdown and bell-striking at Bosingak, Jongno-gu, Seoul on the entertainment channel
SK Hynix has installed deep ultraviolet (DUV) photolithography equipment at its memory semiconductor plant in Wuxi, China, a move in line with its aggressive investment in semiconductor facilities despite a forecast that the ongoing semiconductor industry cycle would shift into a downturn in 2019.
While Samsung Electronics and Huawei are planning to launch foldable phones in the first half of next year, terminal makers are pouring out patents on next-generation smartphones, such as foldable and rollable phones.According to industry and foreign sources on Dec. 30, LG Electronics has recently a
As the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), a new 11-country Asia-Pacific trade agreement, took effect on Dec. 30, there is a growing public outcry that South Korea also needs to take part in the new agreement as soon as possible and accelerate signing free trade agreemen
The South Korean government will restrict the export of organic light-emitting diode (OLED) production equipment. It is planning to designate OLED equipment as “national core technology” and make government approval compulsory for exportation. This is a follow-up measure to prevent any recurrence of
The History of Whoo, a premium cosmetics brand of South Korea’s LG Household & Health Care Ltd., which had annual sales of 203.7 billion won (US$181.55 million won) in 2013, achieved the 1 trillion won sales milestone in 2016 and then it has become the first South Korean cosmetics brand that exceede
Since virtual keyboards on tablets are designed to be used on display screen, it can be easy to make typing errors, which can be particularly frustrating when working on a document. Smaller touchpads or joysticks are also not as convenient as a mouse. For this reason, many tablet users used to carry