The Korea Herald

KT to connect every nook and corner of Korea

Mar 17, 2015

Telecom firm launches broadband network on remote northwestern island
Microsoft to roll out USB-shaped PC in S. Korea

Mar 17, 2015

The South Korean unit of software giant Microsoft Corp. said Tuesday it will launch a Windows-based subminiature PC a little larger than a USB drive in South Korea in late May, as part of its broader drive to boost the presence of its operating platform with a more diverse lineup of connected devices. The Stick PC, manufactured by Daewoo Lucoms Co., one of Microsoft's local device-making partners, comes in a black stick-type dongle that is 11cm-long and weighs 50 grams. Its internal storage,
Galaxy Gear likely to be classified as mobile device, not watch: WCO

Mar 17, 2015

Samsung Electronics Co.'s Galaxy Gear smartwatch will be classified as a mobile device, not a watch, by the World Customs Organization, South Korea's customs authorities said Tuesday, a move that is anticipated to give the tech giant tax benefits in shipping the product overseas. The decision was made at the WCO's Harmonized System Committee meeting held in Belgium earlier this week, which was attended by South Korea's Ministry of Strategy and Finance and the Korea Customs Service. While South
Busan sets sights on role as retail hub

Mar 16, 2015

Busan is planning to transform into a bustling business hub for retail, film and the Internet of Things as it hosts the nation’s seventh center for creative economy.The Busan Center for Creative Economy and Innovation, which opened on Monday, is the latest in a series of government-driven regional offices helping to nurture start-ups and venture companies across the nation. The Ministry of Science, ICT and Future Planning has teamed up with Lotte Group, a local retail and entertainment giant, as
Astronergy Solar Korea eyes global solar power market

Mar 15, 2015

Solar power equipment-maker Astronergy Solar Korea is aiming to make a foray into the photovoltaic power generation market in Southeast Asia. Established in 2009 as a subsidiary of Chinese energy firm Chint Group, the Seoul-based company produces a wide range of solar energy products including modules and inverters, and participating in projects to build a solar energy plant in Korea and foreign markets.“Astronergy Solar Korea, which has been focusing on manufacturing solar cells and modules, wi
SKT helps SMEs foray into global market

Mar 15, 2015

Korean start-ups gain offers for partnerships at tech trade fair
Samsung Electronics pledges to restore profits

Mar 13, 2015

Shareholders on Friday promised continuing support for Samsung Electronics despite its slumping profits last year. The Korean tech giant held an annual shareholders’ meeting at its headquarters in Seocho-dong, Seoul, with some 400 shareholders and investors in attendance. Despite the company’s dismal profits caused by sluggish device sales, the overall mood among participants seemed upbeat about the company’s future performance. Samsung Electronics vice chairman Kwon Oh-hyun speaks during an an
[Newsmaker] LG chairman renews commitment to R&D

Mar 12, 2015

LG Group chairman Koo Bon-moo has renewed his commitment to elevating the group’s research and development prowess, pledging huge new investment and more support for researchers.“In an era of technological convergence across industries, the importance of R&D is getting bigger and bigger,” he told employees at the group’s R&D performance evaluation event in Seoul on Thursday. “Devote yourself to developing fundamental technologies that will change the world.”The annual event honors key R&D achiev
LG to roll out new phablet ‘G Note’

Mar 12, 2015

G4 Note expected to pose challenge to Galaxy Note and iPhone 6 Plus
Will-Be Solution expands IT business in Vietnam

Mar 12, 2015

Korean company wins State Bank project
Naver to launch mobile payment platform in June

Mar 12, 2015

Naver Corp., the operator of South Korea's top namesake Internet portal, said Thursday it will introduce its new instant mobile payment platform in June to tap into the emerging fintech business. Naver Pay will offer users a simpler way of paying via mobile by enabling transactions with the user's Naver ID, a password and the cellphone number of the recipient, the company said in a press release. The payment can be made either by a credit card or a direct debit through bank accounts, without hav
Samsung pushes low-end smartphones to keep global reign

Mar 12, 2015

Samsung Electronics Co., the world's top smartphone maker, is bolstering the global sales of low-end handsets to maintain its leading market presence, with the latest release of its high-end Galaxy S6 series, industry sources said Thursday. The South Korean tech giant has recently decided to roll out the new budget smartphone model Galaxy J1 in the Netherlands and Germany, expanding its target countries to Europe from emerging markets including India and Malaysia, according to industry sources.
Smartphone-makers begin battle for wrists

Mar 11, 2015

Apple Watch debuts to mixed reactions; Samsung, LG gear up for tighter competition
Technology financing by banks skyrockets 70-fold in 7 months

Mar 11, 2015

Loans extended by South Korean banks to companies using their high-level technologies as collateral have soared 70-fold in the past seven months on a strong drive by the government, industry data showed Wednesday, spawning concerns that a huge chunk of such loans could turn sour, thus undermining lenders' financial health.The outstanding loans provided by local banks, including state-run lenders, to hi-tech companies totaled 13.5 trillion won ($12 billion) as of end-February, compared with 192.2
MS pursues innovation with tie-ups

Mar 10, 2015

Microsoft works with Korean researchers for next-generation technology