Shares of LG Display Co. fell sharply on Thursday from the previous trading session amid the outlook that global panel prices will decline down the road.  LG Display closed 8.17 percent at 34,300 won (US$30.45) on the main bourse, with foreigners offloading a whopping 115.2 billion won. Institutions also sold more shares than they bought at 50.5 billion won. (Yonhap)"The company's share prices fell sharply amid the outlook made by IHS Markit, which hinted at LCD panel prices falling 6 percent,"a

Most fitness wearables typically come in the form of electronic watches or bands that measure physical activity or track biological signals. However, a US-based startup has come up with a new device that has a more active, stimulatory relationship with the wearer. 　Halo Neuroscience officially introduced its brain-stimulating fitness headphones in South Korea on Wednesday. Dubbed the Halo Sport, the device sends weak electrical pulses into the wearer’s brain to enhance the effectiveness of their

More than 200 million pieces of personal information in South Korea have been leaked either through hacking attacks or poor network management since 2011, a government report showed Thursday. According to the report by the Korea Communications Commission, more than 200 million cases of private information, such as resident registration numbers, phone numbers and addresses, have been leaked between 2011 and June of this year.The report released by Rep. Shin Yong-hyeon of the minor opposition Peop

A security robot that fell into a fountain for unknown reasons while doing its regular rounds has become a hot topic on social media.On Tuesday (local time), US media programs Fox News and The Verge reported that a Nightscope K5 security robot that patrolled a Washington DC office building had fallen into a fountain and “drowned.” 　The robot, which stands 1.5 meters tall and weighs 300 pounds, has no arms or legs, and cannot right itself if it falls. The robot is of a new series of high-tech aut

Samsung Electronics announced Tuesday it will ramp up production of its 8-gigabyte high bandwidth memory-2, known as HBM2, to meet growing demand across a wide range of applications including artificial intelligence, high-performance computing, advanced graphics, network systems and enterprise servers. The 8 GB HBM2 is a high-density DRAM chip, consisting of eight 8-gigabit dies (integrated circuit) produced on 20-nanometer processing technology and a buffer die at the bottom of the stack, which

New Kakao subsidiary to begin official operations from Aug. 1

Uncertainty mounted over South Korea’s SK hynix’s bid in the ongoing Toshiba sale on Sunday with unverifiable claims swirling around that the Korean memory chipmaker has already given up on acquiring a stake in the Japanese firm’s flash memory unit.Since a global consortium of US private equity firm Bain Capital, two state-backed Japanese financial institutions and SK hynix, the preferred bidder, failed to ink a $18 billion deal on purchasing the NAND flash memory unit of Toshiba on June 28, sus

LG Electronics said Sunday its organic light-emitting diode television won the top spot both in US and UK surveys.  LG Electronics USA CEO Tim Alessi (middle) pose at the CE Week in New York on Thursday. (LG Electronics)The South Korean tech company said its OLED TV products snatched three crowns in a survey conducted by display experts at CE Week, a consumer electronics exhibition, held last Thursday in New York. LG won the top spots in terms of the TV’s performances in dark studios and bright

Google Assistant has launched its beta test in Korea ahead of its debut here, according to local tech communities on Friday. Google will have to compete with several local rivals, Samsung, Naver, Kakao and local telecom carriers all working on similar services. Google Assistant is a virtual personal assistant, providing diverse services such as answering questions, playing music, making reservations, checking schedules and sending text messages. Available only in English, the service is speculat

Despite the emphasis on startups’ role as the country’s future, South Korea’s startup ecosystem currently lags behind the global competition, as it is weighed down by overregulation, according to a new report by McKinsey & Company on Thursday.　Excessive regulations make it difficult for startups to introduce new tech-driven services and products to the market, according to the “Startup Korea!” report by McKinsey Korea, commissioned by Google Campus Seoul and the Asan Nanum Foundation. The report

South Korea's financial regulator said Thursday it will require fintech firms to come up with measures to deal with terrorist financing, in line with an agreement reached at the recent Group of 20 summit. About 40 fintech firms in South Korea are expected to launch international money transfer services for small funds on Aug. 15. During the G-20 summit in Germany, leaders of the world's top economies agreed to step up efforts to tackle the financing of terrorist groups.  G-20 summit in Germany.

South Korea's ICT ministry said Thursday that it will open two additional new complexes to promote virtual reality and augmented reality technology as the country aims to become a global powerhouse in the sectors.The two centers will be set up at Korea National University Of Arts in Seoul and at the Jeju Free International Development Center, located on the southern resort island of Jeju, to accommodate various VR and AR companies, the Ministry of Science, ICT and Future Planning said.The comple

HONG KONG -- On a small green stage dubbed “PITCH,” one of three judges posed a sharp question to Sunny Choi, chief operations officer of Yana Trip, a travel startup from South Korea, after Choi’s presentation about her company at the RISE 2017 event being held in Hong Kong on Wednesday. “So why did you say it is difficult for big players like Expedia to interrupt your business?” the judge asked. “We do have a lot of exclusive products that can be found only in Asia -- trips to small and unknown

US social networking giant Facebook said Wednesday it has partnered with South Korean business agencies to launch a new program to help Korean startups expand overseas with digital strategies leveraging its platform.Facebook Korea and the state-run Korea Trade-Investment Promotion Agency introduced the Made by Korea program designed to offer local startups export-related support.Korea’s e-commerce solution providers MakeShop and Cafe24 as well as digital business training institution Fast Campus