South Korea’s tech giants including Samsung Electronics and SK hynix are increasingly on edge over the ongoing economic brinkmanship between the United States and China, in light of a reported warning from Beijing not to cooperate with the Trump administration’s China ban, according to industry sources Sunday. “We will need to step up monitoring on the issue,” said an official from one of the major companies based in Seoul. “Companies here will watch the situation c

Chairman of South Korea’s leading telecom firm invited to attend GES 2019 summit, showcase efforts to lead 5G innovation

South Korea is behind advanced countries in terms of its efforts to seek environmentally sustainable energy development, a report released by the World Economic Forum showed Thursday.South Korea placed 48th spot among 115 countries surveyed in terms of the Energy Transition Index (ETI) in 2019. Among 32 nations categorized as advanced economies, South Korea ranked 30th, the report showed.The index evaluates a country's efforts to "transition to a secure, sustainable, affordable and inclusiv

Startup grew 47 percent in 2018 to become No. 1 delivery service for expats

Samsung Electronics will further downsize its ailing smartphone business in China while seeking to expand growth in India, according to the industry on Wednesday. The world’s top smartphone vendor is reducing the workforce of its only mobile device factory in Huizhou, Guangdong province, reported Chinese English-language media outlet Caixin.The size of the reduction has not been confirmed, though the Chinese report said layoffs are being carried out on a voluntary basis, with employee

Sinclair CEO says joint venture with SKT will launch in “couple of days” in Washington

A new technology partnership has been formed between South Korea’s Samsung Electronics and the United States’ AMD on low-power and high-performance mobile graphics, according to the companies Tuesday. Under the multiyear partnership, Samsung Electronics will license AMD’s graphics intellectual property, based on the recently announced, highly-scalable Radeon graphics architecture, for use in its mobile devices including smartphones. Samsung will pay AMD license fees and royalti

Samsung Electronics said Tuesday it has embarked on initial research on the sixth-generation telecommunications network by launching a new research center. Samsung recently formed the Advanced Communications Research Center under Samsung Research, the company’s main R&D organization, based in southern Seoul. The tech giant has expanded the existing telecommunications research team to the level of a center after the launch of fifth-generation technologies.  “The current team

Samsung Electronics’ Consumer Electronics CEO Kim Hyun-suk said Tuesday that the company will launch the Galaxy Home speaker in the third quarter of this year. “The Galaxy Home speaker, which will be the center of Samsung’s home appliances, is planned to be launched in mid-second half of the year,” Kim told The Korea Herald in response to a question. Kim answered the question after a press conference held to unveil Samsung’s new lifestyle-focused vision for consumer

About 3 in 4 corporate websites fail to meet government standards for web accessibility

Tech giant faced again with ownership risks amid aggravating semiconductor and smartphone market conditions, product quality issues

Sometimes, in the world of business, the best defense is a good offense, and it seems like Samsung Electronics Vice Chairman Lee Jae-yong wanted to share this message with a handful of key figures at the South Korean tech giant to fend off rising challenges to its business. Lee held a meeting with five heads of Samsung’s major divisions over the weekend to discuss its business strategy amid a weak memory chip market and intensifying trade conflict between the United States and China. 

    Kakao Corp., Netmarble Corp., and three private equity firms submitted final bids for the parent of South Korean gaming firm Nexon, in possibly one of the biggest gaming deals worldwide, financial sources said Sunday.   In an auction that closed on May 31, mobile messaging app Kakao, Korea's No. 2 game company Netmarble and private equity firms KKR & Co., Bain Capital and MBK Partners submitted final bids to acquire a 98.64 percent stake in Nexon's holding compan

　With an increasing number of people seeking to capitalize on YouTube and other streaming services as a lucrative business model, animation was found to be the most popular content among South Korean subscribers, an industry survey showed Sunday.  　According to local entertainment company CJ E&M, which analyzed its 1,400 affiliated streaming channels, those featuring animation content attracted the largest numbers of subscribers in April, about 1.19 million. 　Content targeting children

 South Korea’s major mobile carrier KT on Thursday pledged to expand its network business with local corporations, with a focus on incorporating the 5G cellular network into manufacturing processes. During a press conference in downtown Seoul, KT said it would encourage local companies to adopt the 5G network in their factories and take advantage of smart factory solutions. The company vowed to expand its 5G business beyond commercial services for general consumers and to focus on sma