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LG Electronics' Q2 profit drops 12 pct on slow demand, high logistics costs

SEOUL, July 29 (Yonhap) -- LG Electronics Inc. on Friday said its second-quarter operating profit decreased 12 percent on-year amid rampant inflation that hurt consumer demand for TVs and other home appliances.Its operating income came in at 792 bill
IT

Edu-tech firm publishes BTS-themed Korean recipe book

SEOUL, July 28 (Yonhap) Cake Corp., an edu-tech subsidiary of popular smartphone camera app developer Snow Co., said Thursday it has published an educational recipe book on Korean dishes enjoyed by members of K-pop group BTS."BTS Recipe Book&q
IT

Kakao Mobility chief calls for postponement of stake sale amid labor union backlash

SEOUL, July 25 (Yonhap) -- The head of Kakao Mobility Corp., South Korea's leading ride-hailing company, said Monday he has asked the firm's largest shareholder, Kakao Corp., to postpone its plan to sell part of its shares to a private equity
Samsung holds ceremony to mark 1st shipment of most advanced 3nm chips

IT

By Woo Jae-yeonSEOUL, July 25 (Yonhap) -- Samsung Electronics Co. on Monday marked the first shipment of 3-nanometer semiconductors at a ceremony, a key milestone in the race to build the most advanced and efficient chips to date. The next-generation
IT

Personal info watchdog looking into legality of Meta's privacy policy update

SEOUL, July 22 (Yonhap) -- The Personal Information Protection Commission is looking into whether the upcoming privacy policy update by Meta, the operator of Facebook, runs afoul of domestic law and will take action if any irregularities are found, o
IT

Samsung weighs building 11 more chip plants in U.S. over next two decades

SEOUL, July 22 (Yonhap) -- Samsung Electronics Co. floated an idea of investing nearly US$200 billion to build 11 more chip plants in the United States over the next two decades, documents filed with the state of Texas showed Friday.The proposed inve
IT

(Yonhap Interview) Fintech startup 8percent seeks to expand in niche lending

By Woo Jae-yeonSEOUL, July 22 (Yonhap) -- Borrowing money online from total strangers was an unfamiliar concept in South Korea in 2014, when Lee Hyo-jin founded 8percent, a peer-to-peer (P2P) lending service targeting people with low-to-mid credit ra
IT

(LEAD) S. Korea should be 'cautious' in deciding on joining U.S.-led chip alliance: ICT minister

(ATTN: ADDS more info, background throughout) SEOUL, July 20 (Yonhap) -- South Korea should be cautious in deciding whether to participate in a U.S.-proposed chip alliance known as the Chip 4 or Fab 4, as potential ramifications could affect not only
IT

S. Korea should be 'cautious' in deciding on joining U.S.-led chip alliance: ICT minister

SEOUL, July 20 (Yonhap) -- South Korea should be cautious in deciding whether to participate in a U.S.-proposed chip alliance known as the Chip 4 or Fab 4, as potential ramifications could affect not only the country's semiconductor industry but
IT

Samsung to unveil new foldable phones next month

By Woo Jae-yeonSEOUL, July 20 (Yonhap) -- Samsung Electronics Co. said Wednesday it will unveil its latest foldable smartphone series next month, as the tech giant aims to achieve a breakthrough in the stalled smartphone business.The next-generation
IT

Gov't pushing to nurture 150,000 semiconductor talents over next 10 yrs

SEOUL, July 19 (Yonhap) -- South Korea plans to nurture about 150,000 semiconductor talents over the next 10 years to help keep up its competitive edge in chipmaking and tackle manpower shortages facing domestic chipmakers, Education Minister Park So
Yoon asks science minister to invest in source technologies

IT

SEOUL, July 15 (Yonhap) -- President Yoon Suk-yeol received a policy briefing from the science minister on Friday and asked him to focus R&D investment in source technologies, his spokesperson said."President Yoon Suk-yeol asked the minister to
#ReturnofBlossomingBlade, #Webtoon

IT

Naver Series’s No. 1 web novel ‘Return of the Blossoming Blade’ reaches 30 billion won in cumulative sales

SEOUL, July 14 (Yonhap) -- No.1 web novel of Naver Series, S.Korean web novel subscription platform, “Return of the Blossoming Blade” achieved cumulative sales of 30 billion won.Naver Series’s exclusi
IT

S. Korea's ICT exports climb 18.9 pct in H1 to set new semiannual record

SEOUL, July 14 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products in the first half of 2022 soared 18.9 percent on-year to set a new semiannual record tally, thanks to brisk overseas demand for chips and
IT

Yoon vows to establish cyber warfare reserve forces

SEOUL, July 13 (Yonhap) -- President Yoon Suk-yeol vowed Wednesday to establish reserve forces for cyber warfare to better respond to growing cyber threats.Yoon made the remark during a ceremony marking the 11th Information Security Day, which was de
IT

Kakao to remove external payment link in Android app after standoff with Google

SEOUL, July 13 (Yonhap) -- Kakao Corp., operator of South Korea's most popular messaging app KakaoTalk, has decided to remove an external payment link from the Android version of the software, following a standoff with Google over the U.S. tech g
IT

SK Telecom in talks to launch metaverse service ifland in N. America, Europe

SEOUL, July 13 (Yonhap) -- SK Telecom Co., South Korea's largest mobile carrier, said Wednesday it was in talks with major overseas telecom operators to start rolling out its metaverse platform ifland in North America, Europe and other regions la
IT

Antitrust watchdog probing Naver, Coupang over alleged misleading advertising: sources

SEOUL, July 12 (Yonhap) -- South Korea's antitrust regulator has conducted an on-site probe into internet giant Naver and e-commerce firm Coupang over their allegedly exaggerated or deceptive advertising practices, industry sources said Tuesday.T
#PokemonGo, #Niantic

Game

‘Pokémon GO’ Niantic to have Community Day at Ilsan Lake Park on July 17

SEOUL, July 12 (Yonhap) --Devloper of Pokémon GO, Niantic is holding “Community Day” at Ilsan Lake Park on July 17. First held in last March, Niantic Community Day is an event that encourages resident
#AnimalCrossing, #Nintendo

Game

K-Food island opens in ‘Animal Crossing: New Horizons’ by aT

SEOUL, July 12 (Yonhap) -- Game “Animal Crossing: New Horizons” features Korean stores like tteokbokki and kimbap store.Korea Agro-Fisheries and Food Trade Corporation(aT) announced on Monday that “K-