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Hyundai E&C to issue non-fungible tokens for 75th anniversary

SEOUL, May 17 (Yonhap) -- Major South Korean builder Hyundai Engineering & Construction Co. said Tuesday it will issue non-fungible tokens (NFTs) to celebrate the 75th anniversary of its foundation this year.To that end, Hyundai E&C recently signed a
IT

FKI joins global trade groups' call for expansion of WTO agreement on IT products

SEOUL, May 16 (Yonhap) -- A major South Korean business lobby said Monday it has joined industry groups around the world calling for an expansion of a World Trade Organization agreement on removing duties for IT products.The Federation of Korean Indu
Game

Blockchain gaming industry concerned over TerraUSD, Luna debacle

SEOUL, May 16 (Yonhap) -- South Korean game companies with products featuring virtual coins and other blockchain functionalities remain on heightened alert over adverse effects from the recent collapse of the TerraUSD and Luna cryptocurrencies, indus
IT

(LEAD) Samsung considers raising chip prices by 20 pct: report

(ATTN: ADDS more details from 4th para, photo)SEOUL, May 13 (Yonhap) -- Samsung Electronics Co. is considering raising chipmaking prices by up to 20 percent, a news report said Friday.Bloomberg reported the South Korean chipmaker is in talks with fou
Samsung considers raising chip prices by 20 pct: report

IT

SEOUL, May 13 (Yonhap) -- Samsung Electronics Co. is considering raising chipmaking prices by up to 20 percent, a news report said Friday.Bloomberg reported the South Korean chipmaker is in talks with foundry clients to hike the contract chipmaking p
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Samsung holds first-ever 6G forum to discuss next-gen communications tech

By Woo Jae-yeonSEOUL, May 13 (Yonhap) -- Samsung Electronics Co. on Friday held its first 6G forum with experts from academia and industry to discuss the future of communications technologies, in a bid to lead 6G research and development and standard
IT

Kakao Mobility partners with Splyt for ride-hailing roaming services in Southeast Asia

SEOUL, May 12 (Yonhap) -- Kakao Mobility Corp., South Korea's leading taxi-hailing company, said Thursday it will begin offering access to local ride-hailing services in seven Southeast Asian countries by partnering up with global mobility platfo
IT

ICT exports rise 16.9 pct in April on brisk chip, display demand

SEOUL, May 12 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products rose 16.9 percent in April from a year earlier on strong overseas demand for chips and displays, data showed Thursday.Outbound shipments of
Game

ONE store scraps IPO plan due to weak investor confidence: sources

SEOUL, May 11 (Yonhap) -- ONE store Co., a South Korean mobile app market platform, decided Wednesday to withdraw its plans for an initial public offering (IPO) due to lackluster investor confidence, financial industry sources said.The No. 2 mobile a
IT

NAND flash prices forecast to decline in 2nd half amid sluggish demand: report

By Woo Jae-yeonSEOUL, May 11 (Yonhap) -- NAND flash prices are expected to decline in the second half due mainly to sluggish demand and oversupply, a recent report showed Wednesday, dimming the performance outlooks for major chipmakers.Industry track
IT

Samsung launches new policy to retain experienced senior workers

SEOUL, May 10 (Yonhap) -- Samsung Electronics Co. has introduced a new human resources policy allowing highly-skilled senior employees to continue working after retirement to capitalize on their experience and expertise.The world's largest memory
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Umicore sets up rechargeable battery research lab in S. Korea

SEOUL, May 10 (Yonhap) -- Belgium-based Umicore N.V. has completed its research laboratory for rechargeable battery materials in central South Korea that could help promote the local industry, the industry ministry said Tuesday.Umicore's central
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Chinese teams win 1st to 5th places in Battleground global competition PCS6… Korean Gen.G takes 6th place

SEOUL, May 9 (Yonhap) -- The Chinese team won the top spot in the “PUBG Continental Series (PCS) 6,” a global esports competition for Krafton's Battle Royale game PUBG: Battlegrounds.Krafton revea
Game

ONE store to go public as planned this month: CEO

By Chang Dong-wooSEOUL, May 9 (Yonhap) -- ONE store Co., a South Korean mobile app market platform, will go public this month as planned, its CEO said Monday, amid concerns its initial public offering (IPO) may draw weaker-than-expected demand in the
IT

Samsung to expedite metaverse technology development

By Woo Jae-yeonSEOUL, May 6 (Yonhap) -- Samsung Electronics Co. is accelerating its research and development of metaverse-related technologies in a bid to nurture its new growth engines, joining the growing list of global tech firms that are betting
IT

(LEAD) SK shieldus scraps IPO plans on poor market sentiment

(ATTN: RECASTS 2nd para; ADDS more info in last 2 paras)SEOUL, May 6 (Yonhap) -- South Korean cybersecurity service provider SK shieldus Co. withdrew its plans for an initial public offering (IPO) Friday, citing lackluster investor confidence.SK shie
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SK shieldus scraps IPO plans on poor market sentiment

SEOUL, May 6 (Yonhap) -- South Korean cybersecurity service provider SK shieldus Co. withdrew its plans for an initial public offering (IPO) Friday, citing lackluster investor confidence.SK shieldus, the cybersecurity arm of South Korean telecom gian
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(2nd LD) Kakao Q1 net swells by over fivefold on gains from Dunamu stock disposal

(ATTN: ADDS closing share price at bottom) SEOUL, May 4 (Yonhap) -- Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Wednesday its first-quarter net profit jumped by more than fivefold from a year earlier, due to on
IT

(LEAD) Kakao Q1 net swells by over fivefold on gains from Dunamu stock disposal

(ATTN: ADDS details throughout, photo; CHANGES headline) SEOUL, May 4 (Yonhap) -- Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Wednesday its first-quarter net profit jumped by more than fivefold from a year earl
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(LEAD) Kakao Games Q1 net profit up 54 pct thanks to 'Odin,' better cost management

(ATTN: RECASTS with more details; CHANGES headline; ADDS photo)SEOUL, May 3 (Yonhap) -- Kakao Games Corp., the gaming unit of South Korean tech giant Kakao Corp., reported Tuesday its first-quarter net profit rose 54.2 percent on-year to 28.3 billion