Netflix saw its revenue more than double in South Korea last year as the video streaming giant enjoyed rapid user growth amid the pandemic, its filing showed Tuesday.  Netflix Services Korea Ltd.'s sales last year stood at 415.45 billion won ($356 million), up 123.5 percent from the previous year, while operating profit reached 8.82 billion won, up 295 percent over the cited period, according to the filing. Most of the company's sales last year came from user streaming fees, which stood

Samsung Electronics Co. maintained the status as the world's second-largest semiconductor vendor by revenue last year, industry data showed Tuesday, amid rising demand of memory products on the back of the pandemic-induced stay-at-home economy. Samsung's chip business logged $57.7 billion in revenue last year, up 10.2 percent from a year earlier, to capture 12.4 percent of the global semiconductor market, according to data from US-based research firm Gartner. Intel Corp. defended its top pos

The South Korean government and experts in the semiconductor industry are paying close attention to a meeting hosted by the White House on Monday in the US.  According to Seoul-based government officials and industry experts, concerns exist about recent moves by the US government to reinforce its chip industry in terms of Korea’s industrial competitiveness and Korean chipmakers’ global operations.  The moves by the Biden administration -- the review of America’s sem

Institut Pasteur Korea announced Monday that it had signed an agreement with Genexine to offer support for the latter’s global clinical studies of COVID-19 vaccine candidate GX-19N. IPK said it would help Genexine conduct clinical studies of GX-19N and examine the efficacy of GX-19N against COVID-19 variants. According to Genexine, the vaccine candidate, which contains an antigen targeting the coronavirus’ nucleocapsid protein, is potentially effective against COVID-19 variants.

Samsung BioLogics, Kakao and Hyundai Motor are competing to be the fifth-largest company in terms of market capitalization in South Korea. According to Korea Exchange on Monday, Samsung BioLogics is currently holding fifth place on the country’s main bourse Kospi, with a market cap of 51.7 trillion won ($45.9 billion). Kakao and Hyundai Motor closely follow with 49.5 trillion won and 48.2 trillion won, respectively. Competition for the fifth spot has recently escalated after Kakao&rsqu

SK Telecom Co., South Korea's largest mobile carrier, said Monday it launched its augmented reality (AR) app in the United States as it seeks widespread adoption of the immersive technology. The mobile carrier said it released its Jump AR app, previously only available in South Korea and Hong Kong, on Google's Play store in the United States, allowing American Android users to experience its mixed reality content, such as taking photos with celebrity avatars. SK Telecom said it also released a

Battery rivals reach last-minute deal in one of largest-ever trade secret disputes among Korean firms

Samsung Electronics, South Korea’s top tech giant, is among 19 global semiconductor manufacturers invited to a White House meeting to be held virtually on Monday. The CEO summit, according to US officials, will discuss a chip supply shortage, especially for those used in vehicles. “On Monday afternoon, National Security Adviser Jake Sullivan and NEC Director Brian Deese, joined by Secretary of Commerce Gina Raimondo, will host a virtual CEO Summit on Semiconductor and Supply Chai

KT Corp., a South Korean telecom giant, said Friday it has clinched business ties with a Vietnamese cable network to cooperate in developing a music streaming platform in the Southeast Asian country. Under the memorandum of understanding, KT and Vietnam Television Cable, a subsidiary of state broadcaster Vietnam Television, plan to design a music streaming platform and cooperate in K-pop music distribution and the management of intellectual property. KT said it plans to provide key technology

Samsung Electronics Co. on Friday unveiled its upgraded smart tracking tag leveraging advanced wireless communication technologies that can locate people's lost items with better accuracy. The Galaxy SmartTag+ uses both Bluetooth Low Energy (BLE) and ultra-wideband (UWB) solutions, according to Samsung. The latest product will be available beginning next Friday though its launch schedule will vary by market. Its predecessor, Galaxy SmartTag, which was launched in January, only used BLE techn

  South Korea’s online-to-offline, or O2O, services marked rapid growth amid the booming stay-at-home economy last year during the COVID-19 pandemic, government data showed Thursday. According to data from the Ministry of Science and ICT, the total trading volume created through local O2O services for the whole of last year reached 126 trillion won ($112.83 billion), up 29.6 percent from 97 trillion won a year earlier. The increase largely stemmed from expanded transactions in the

SK Telecom, South Korea’s top telecom company, is utilizing its artificial intelligence technology to support the country’s health authority in monitoring recipients after COVID-19 vaccination, it said Thursday. Dubbed NUGU Vaccine Carecall, SKT’s NUGU AI platform will provide guidance to those subject to vaccination through calls, and monitor any abnormal signs after shots are administered. The telecom company signed a Memorandum of Understanding with the Korea Disease C

LG Electronics Inc. said Thursday it will offer extended software upgrades for its smartphones as the company is set to depart from the mobile business. LG's mobile operating system (OS) update guarantee will be extended by one year. LG's premium smartphone users can now get OS updates for three years, while people using LG's budget handsets can receive upgrades for up to two years. Users of LG Velvet and LG Wing smartphones that were launched last year, for instance, can get support for OS

Samsung Electronics Co. introduced its new Galaxy A series smartphone portfolio in the United States on Thursday, hoping it can take over market share of its South Korean rival LG Electronics Inc. that recently announced its departure from the mobile business. Starting with the Galaxy A42 5G on Thursday, Samsung will release the Galaxy A52 5G, A32 5G and A12 on Friday in the US. The Galaxy A02s will be available from April 29. "These are the perfect smartphones for anyone who wants the

SK Innovation, apparently buoyed by its recent battery patent victory at the US trade court against LG Energy Solution, reiterated Wednesday that it will “respond sternly” to any attempt by its rival to “hamper its business with legal issues.” Last week, the US International Trade Commission made a preliminary ruling that cleared SKI of alleged infringement of LGES’ patents related to lithium ion battery separators. The ruling provided a much-needed boost to SKI