Nexon Korea CEO Lee Jung-hun on Wednesday denied rumors that the company is considering the acquisition of Bitstamp, the world’s oldest surviving bitcoin exchange.　“Nexon Korea does not have anything to do with a Bitstamp acquisition,” Lee said during a press conference held at the Nexon Korea headquarters in Pangyo, Gyeonggi Province, Wednesday. “We do not have any plans to link cryptocurrencies with our game business,” he said, adding that this does not mean Nexon is ruling out the use of bloc

Samsung Electronics said Tuesday it is launching the third generation of its consumer solid-state drive lineup Samsung 970 PRO and EVO for the global market, which will set new standards for nonvolatile memory express SSD products. NVMe refers to an interface enabling high-speed data processing. Samsung first introduced NVMe products in 2015. The Samsung 970 PRO and EVO are designed to provide large-volume storage with the fastest computing power so far by adopting Samsung’s latest 64-layer V-NA

With AI tech, Nexon strives to better understand, optimize users’ gaming experience

SK Telecom will provide an asset management service by using blockchain technologies within this year, and build a platform that will help match blockchain startups with investors for growth of the techs and related industry, the mobile carrier’s blockchain unit head said Tuesday. Oh Se-hyeon, executive vice president of SKT’s blockchain business unit, said the company is planning to launch a blockchain-based asset management and payment service, which will ensure trust for peer-to-peer transact

South Korea’s mobile carriers on Monday are preparing their cutting-edge network infrastructure to make the historic third summit between South and North Korea via the fifth-generation network as immersive as possible to viewers around the world. KT has been installing broadcasting and telecommunicating network systems at Panmunjeom. The company said Monday it signed an agreement with Cheong Wa Dae’s preparatory committee for the summit to provide technological support for the inter-Korean talks

Artificial intelligence is considered a transformative technology promising vast improvements for businesses across all sectors. While we understand that AI is useful, exactly what kind of benefits can it bring to companies? 　SK Holdings C&C, the information technology services unit of South Korea’s SK Group, aims to help answer the question with the release of a new white paper detailing where and how AI solutions can be leveraged to improve various tasks for business organizations.SK Holdings

South Korean mobile carriers are feeling the pinch as they are facing rising costs due to the establishment of the fifth-generation mobile network infrastructure while being pressured to cut mobile service fees, industry insiders said Sunday. Amid the increasing pressures on the country’s three telecom companies to cut households’ mobile costs, the upcoming auction for 5G frequencies in mid-June is predicted to charge the operators huge costs, making it harder for them to seek margins. On Thursd

Samsung Electronics is considering the release of new Galaxy smartphones in China to restore its market share there, according to the tech titan on Sunday. Samsung recently won certification from Chinese authority TENNA for the new SM-8750 model, which has raised speculations globally about what will be the name of the new model. According to a Samsung official, the new model will be released as a variant of the Galaxy S series. However, the name has not been confirmed yet.  Chinese consumers lo

Samsung Display, the display unit of South Korean tech giant Samsung Group, said Friday that it has filed an administrative suit at the Daejeon District Court seeking to nullify the government’s order to disclose workplace assessment reports on the firm’s production plant.The display maker confirmed that it had filed the suit on April 17, challenging the Ministry of Employment and Labor’s mandate to publicize assessment reports on its production facility in Asan, South Chungcheong Province, on t

LINE DEVELOPER CONFERENCE -- Park Eui-vin (left), Chief Technology Officer at Line, delivers a keynote speech concluding the “2018 Dev Week Global Workshop” hosted by Line Plus, the Korean unit of Line, in Seoul on Friday. The annual event invites developers from Line’s offices worldwide to discuss the latest IT trends and issues. This year, the conference invited more than 1,000 of Line’s developers from seven countries to partake in various workshops. The four-day conference took place from Ap

SKT hiring young engineers from overseas to boost artificial intelligence

Raonsecure, a biometric technology solution provider to financial firms in South Korea, offered a theater presentation at RSA Conference 2018 in San Francisco, California, highlighting the “momentum for overseas business in America,” the company said Thursday. Raonsecure‘s presentation was made on Wednesday along with some 30 companies at the conference. Raonsecure was the only Korean company to be invited by US company Intel to give presentation.  (Raonsecure)The 30-minute session involved an o

‘Iron Throne’ to be launched in 251 territories worldwide, except China, next month

Samsung Electronics Co. said Wednesday it is participating in an Italian furniture exhibition, showcasing various built-in home appliance solutions for European consumers.The South Korean tech giant said it is taking part in the Salone Internazionale del Mobile 2018 in Milan, which has drawn together 2,000 companies from 160 countries. Samsung said it has forged ties with various European partners, including Germany's Nolte and Italy's Veneta Cucine for the event. Models pose with Samsung Electr

South Korea ranks 12th out of 24 of the world’s top information technology economies in terms of cloud computing readiness, according to the 2018 BSA Global Cloud Computing Scorecard, a bi-annual study that assesses and compares the cloud computing policies of different countries.Korea’s ranking remains unchanged from that of 2016, suggesting a need for more flexibility in the legal and regulatory environment for cloud services here, BSA said.BSA is an international software industry trade assoc