Two of the biggest social media platforms lost nearly one-fifth of their market value after reporting disappointing user growth. Twitter's stock plunged Friday after it reported a decline in its monthly users and warned that the number could fall further in the coming months. The 20.5 percent plunge came one day after Facebook lost 19 percent of its value in a single day. Twitter says it's putting the long-term stability of its platform above user growth. That leaves investors seemingly unable t

South Korea’s Fair Trade Commission is reportedly investigating local internet giant Naver on allegations that the company abused its status as the country’s most-used portal website to engage in unfair practices in the online video market.The FTC’s Anti-Monopoly Bureau on Thursday conducted an on-site investigation of Naver’s headquarters in Pangyo, Gyeonggi Province, to look into the allegations, according to local news reports.  (Yonhap)The recent investigation appears to be an extension of t

SK hynix, South Korea’s second-largest chipmaker, said Friday the company will construct a new semiconductor fabrication plant at its headquarters in Icheon, Gyeonggi Province, in response to growing demand for memory chips. The announcement was made a day after the company reported all-time high earnings in the second quarter. Construction will begin at the end of this year on a 53,000-square-meter site on the company’s Icheon campus with a schedule to be completed by October 2020.  SK hynix's

Chipmaker expected to benefit from increasing investments in data centers in H2, plans to complete construction of new Cheongju fab in September

South Korean internet giant Naver said Thursday that its operating profit in the second quarter fell 12.1 percent on-year to 250.6 billion won ($224 million) due to a slowdown in the growth of its mobile and online business and increased investment in new technology innovation.Meanwhile, revenue in the April-June period reached 1.36 trillion won, up 20.7 percent from the same period in the previous year. Net profit also grew 83.1 percent on-year to 314 billion won, the company said.Despite the r

South Korea’s Samsung Electronics has beaten China’s Xiaomi in the Indian smartphone market share in the second quarter of this year, according to a research firm Wednesday. Samsung accounted for 29 percent in terms of smartphone shipments in the Indian market during the April-une period, slightly outpacing Xiaomi at 28 percent, showed data by Counterpoint Research. The Korean smartphone maker ceded its leading position in the market to the Chinese player in the fourth quarter of last year for t

South Korea’s leading game developer NCSoft said Tuesday it is working to incorporate artificial intelligence technologies into diverse business areas.The firm’s research and development pivoting on AI began after a relevant team was launched by NC West CEO Yoon Song-yee in 2011.Currently, a total of five relevant teams along with a 100-strong workforce are operated under company's CEO Kim Taek-jin, categorized under the AI center and Natural Language Processing center. They include the game AI

Telecom giant plans to apply blockchain to 5G, finance, energy platforms, and build blockchain-based infrastructure nationwide

The South Korean government on Tuesday kicked off a new joint initiative to speed up the development of next-generation medical devices powered by artificial intelligence and robotics, launched as part of the country's “bio economy” drive, the Science Ministry said.　As part of the initiative, the Ministry of Science and ICT, together with the Ministry of Trade Industry and Energy, the Ministry of Food and Drug Safety and the Ministry of Health and Welfare, will be allocating 42 billion won ($36.

Samsung Electronics is focusing on making the second edition of the digital assistant Bixby more conversable on upcoming flagship products ranging from wearables and smartphones to TV and other home appliances in the second half of the year, according to the industry on Monday. Anticipations are high on the expected unveiling of Bixby 2.0 with the Galaxy Note 9 on Aug. 9, as Samsung spent nearly one year and six months on improving the artificial intelligence platform’s accuracy in voice recogni

’Unconditional’ acceptance of mediation plan may end 11-year legal dispute on occupational illness

SUWON, Gyeonggi Province -- On the second floor of the R4 building on the Samsung Digital City campus in Suwon, Gyeonggi Province, a room is filled with prototypes of micro light-emitting diode displays set for market release in the coming months. The lineup of exhibited prototypes includes The Wall, first unveiled at the 2018 Consumer Electronics Show in January, which is the next generation of smart displays using micro LED technology. Micro LED displays consist of arrays of microscopic LEDs f

South Korean cybersecurity service provider Raonsecure has launched an education solution to help students hone skills to identify security flaws and defend against hacking attacks, according to the company Thursday. Dubbed Raon Capture the Flag, the education service consists of a curriculum inspired by a mock hacking test scheme. Raonsecure’s in-house white hat hacker center called Raon Whitehatcenter took part in developing the solution, according to Raonsecure. White hat hackers refer to eth

Former Apple marketing expert says smartphone innovation is nearing end

Dailymotion, a global video hosting site under French media conglomerate Vivendi, announced its formal launch in South Korea on Thursday, pledging to cement its position here as a premium video-streaming site through selective curation backed by premium content from its global and local media content partners.“Over time, we’ve found that audiences are more interested in watching more high-quality videos, rather than user-generated content,” Dailymotion Chairman and CEO Maxime Saada said at a pre