With South Korea’s public and private sectors both looking to adopt cloud computing technologies more widely, an increasing number of global data management firms are making inroads here. US-based global data management service provider Equinix said last week that it had opened its first data center in Korea in the Digital Media City area of western Seoul. Dubbed the SL1 Seoul International Business Exchange, the facility will enable its customers to connect with local suppliers and

LG Chem on Tuesday released its second statement in response to SK Innovation’s announcement to file a countersuit against the company and its affiliate LG Electronics, emphasizing again the nature of the legal dispute lies with “unfair practices.”“The essence of the lawsuit against SK lies in the company’s unfair scouting practices,” LG Chem said. “It’s neither about the national interest nor negative publicity.” In a statement released in r

Samsung Display said Tuesday it has created a YouTube channel featuring videos related to display technology. For instance, a quiz show titled “Display Quiz Talkshow,” shortened to “DiTokShow” in Korean, provides educational content on display technology.  The show has previously compared organic light-emitting diode and liquid-crystal display technologies, and explained words such as pixel, resolution and screen ratio.Samsung Display said consumers are exposed to di

South Korea’s leading golf simulator maker, Golfzon, is seeking to enhance its business presence in Vietnam, riding on the sport’s growing popularity in the Southeast Asian country.By the end of the year, Golfzon plans to operate a total of 12 Vietnamese branches where people can play virtual golf at indoor facilities. Five branches have opened in the country since Golfzon began its business there last year. The company is also seeking to expand into the construction of outdoor golf

LG Electronics said Monday it will expand sales of its artificial intelligence-powered washers in 30 European countries this year. The South Korean tech giant has applied AI tech to the core component of its washing machines for smarter, more convenient management of clothes. LG said it will launch front-loading washing machines equipped with the firm’s flagship Direct Drive motor in 30 European countries, including the Netherlands, Switzerland and Finland, by the end of the year. The DD m

South Korean e-commerce firm Coupang was selected as the most preferred online shopping platform among Korean consumers for its speedy and accurate delivery, a survey showed Monday. According to the survey from the Korea Consumer Agency, Coupang scored the highest point total in overall consumer satisfaction, beating out its competitors. Some 1,200 consumers nationwide participated in the survey on the country’s six highest-earning e-commerce companies.In terms of consumer assessment about

World Semiconductor Trade Statistics has again lowered its global sales forecasts for 2019 and 2020, indicating a longer-than-expected downturn in the chipmaking market, according to the industry on Sunday. In its latest report, WSTS predicted that the global semiconductor industry would post annual sales of $406.5 billion this year, down 13.3 percent from last year. Compared with the previous WSTS report, released in June, the estimates are also lower.  Memory sales are forecast to plunge

Samsung Electronics along with 15 other partners have specified global standards to define the key performance attributes of 8K televisions with an aim to expand the ecosystem, the South Korean tech giant said Sunday. The 8K Association, a global nonprofit organization of TV and panel manufacturers, system-on chipmakers and content businesses, has announced the standards and performance specifications. The association has 16 member companies, including Samsung Electronics, AUO, Panasonic, Hisens

About 9,000 YouTube contents distributed in South Korea have been accused of copyright infringement since January this year, a lawmaker said Sunday, amid growing calls for the government’s enhanced oversight over the global video-sharing service. Citing data from the Korea Copyright Protection Agency, Rep. Noh Woong-rae of Democratic Party said there were 8,833 copyright infringement cases in YouTube as of last month. It was similar to the number of violation cases last year when 8,880 con

South Korean capital Seoul is one of the most tech-savvy cities in the world, and this has allowed the startup community here to brim with solutions to tackle its problems.For startups honing their tech capacity, ranging from ultrafine dust management to household waste treatment and fire prevention, the forthcoming tech event hosted by the Seoul Metropolitan Government, Start-Up Seoul: Tech-Rise 2019, could be a chance to gain access to venture investors and corporate representatives.As part of

POSCO, South Korea's largest steelmaker, said Friday it has reached a tentative wage and collective bargaining agreement with its labor union. POSCO said the union is set to vote on Sept. 9 on whether to accept the agreement. POSCO and its labor union began this year's collective bargaining in May. POSCO, founded in 1968, had its first union in the late 1980s, with its membership peaking at more than 18,000. (Yonhap)

South Korean startup SuperBin makes recycling financially rewarding and fun

Despite their efforts to compete with global video-sharing platforms, South Korea’s online video services are suffering from a drop in subscribers, while global rivals like Netflix and YouTube are enjoying persistent rises, data showed Thursday.According to a market research firm Nielson Koreanclick, some 29.98 million people here had subscribed to YouTube, Netflix and TikTok as of July. The number was an increase of about 15.5 percent from the same period a year earlier. In the meantime,

SK Broadband said Thursday it had teamed up with pharma marketing company Online Pharm to introduce electronic kiosks for pharmacies.The stand called On Kiosk, which provides Korean, English, Chinese and Japanese services, will be able to process simple drug prescriptions, offer guidelines for drug intake, and provide a queuing system for consultations.  The kiosks will be able to take over routine tasks, allowing pharmacists to focus more on providing health consultations. It is also equip

Line Corp., a Japanese subsidiary of South Korea’s major portal Naver, has come under criticism for selling mobile emoticons that portrayed President Moon Jae-in in a disparaging way. Line hurriedly removed the stamps from its online store available in Korea and Japan after Korean users filed a complaint about the problematic mobile content. Line took down the collection of emoticons titled “Stamps of Mr. Moon” from its online store Wednesday, shortly after getting complaints f