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Kakao announces tender offer to gain stable management control over SM Entertainment

SEOUL, March 7 (Yonhap) -- South Korean tech giant Kakao Corp. on Tuesday announced a tender offer for SM Entertainment Co. shares to gain stable management control over the K-pop powerhouse and increase leverage to win the intensifying battle with H
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Google, Meta file lawsuit against S. Korean data protection watchdog's ruling

SEOUL, March 6 (Yonhap) -- Google and Meta Platforms have filed a lawsuit against a ruling by the South Korean data protection watchdog to fine the global tech giants for illegally collecting personal data here, industry sources said Monday.The legal
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S. Korea rejects Apple's request to send map data overseas

SEOUL, March 6 (Yonhap) -- The South Korean government has turned down U.S. tech giant Apple Inc.'s request to take high-precision map data out of the country, citing security issues, a government official said Monday.Apple has sought permission
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Chips' inventory-to-sales ratio hits near 26-year high amid sluggish demand

SEOUL, March 5 (Yonhap) -- Inventory of South Korean chipmakers has increased to a nearly 26-year high in January, data showed Sunday, reflecting the sluggish global demand amid the economic uncertainties.The inventory-to-sales ratio of chips came to
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Naver to launch upgraded Korean-based AI platform HyperCLOVA X in July

SEOUL, Feb. 27 (Yonhap) -- South Korea's top portal operator Naver Corp. said Monday it will unveil an upgraded version of the hyperscale artificial intelligence platform, HyperCLOVA X, tailored for Korean language in July in a bid to keep up wit
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Google to open online archive of DMZ in Korea

By Kim BoramSEOUL, Feb. 22 (Yonhap) -- The Demilitarized Zone (DMZ) on the Korean Peninsula is ironically one of the world's most heavily militarized borders with a memory of bloody battles during the 1950-53 Korean War. At the same time, the str
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Samsung Electronics to manufacture fabless Ambarella's automotive chips

SEOUL, Feb. 21 (Yonhap) -- Samsung Electronics Co. said Tuesday it will manufacture advanced automotive semiconductors for U.S. chip design company Ambarella.Samsung will produce the Santa Clara-based chip company's automotive AI central domain c
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S. Korea plans to launch 6G network service in 2028

SEOUL, Feb. 20 (Yonhap) -- South Korea plans to launch the sixth generation network service in 2028, two years earlier than its original schedule, in a bid to secure an early dominance of the future wireless frequencies, the ICT ministry said Monday.
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(LEAD) LG Electronics showcases NFT artworks via OLED evo TVs

(ATTN: UPDATES with additional info in last 3 paras) SEOUL, Feb. 19 (Yonhap) -- South Korean tech giant LG Electronics Inc. said Sunday it has showcased non-fungible token (NFT) artworks on its next-generation organic light-emitting diode (OLED) TVs
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LG Electronics showcases NFT artworks via OLED evo TVs

SEOUL, Feb. 19 (Yonhap) -- South Korean tech giant LG Electronics Inc. said Sunday it has showcased non-fungible token (NFT) artworks on its next-generation organic light-emitting diode (OLED) TVs at an art exhibition in the United States.The firm ha
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Allganize stands out in intense ChatGPT-fueled battle for AI search supremacy

By Kim BoramSEOUL, Feb. 17 (Yonhap) -- When the latest version of ChatGPT 3.5 was launched by Open AI late last year, a new battle for artificial intelligence chatbots heated up across the world.While tech giants and startups alike are dreaming of fo
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LG Uplus to invest annual 100 bln won to enhance network security

By Kim BoramSEOUL, Feb. 16 (Yonhap) -- LG Uplus Corp., South Korea's No. 3 mobile carrier, on Thursday apologized for the recent data breaches and network attacks as it promised to invest 100 billion won (US$77.9 million) annually in the coming y
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3 mobile carriers to grant free internet data to customers next month

SEOUL, Feb. 15 (Yonhap) -- South Korea's three major wireless carriers said Wednesday they will grant free additional mobile data to all of their customers next month in a bid to join the government-led campaign to help people lighten burdens ami
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S. Korea opens massive data center for AI research

SEOUL, Feb. 15 (Yonhap) -- South Korea's science ministry said Wednesday it has opened a massive computing data center for artificial intelligence studies as part of the country's plan to build a world-class AI research network.The Research D
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Samsung Electronics to borrow more than US$15 bln from display unit for investment

SEOUL, Feb. 15 (Yonhap) -- Samsung Electronics plans to borrow more than US$15 billion from its display-making subsidiary to secure operational costs, the company has said.The South Korean tech giant said in a regulatory filing on Tuesday that it wil
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Samsung Galaxy S23 breaks preorder record in S. Korea

SEOUL, Feb. 14 (Yonhap) -- Samsung Electronics Co. said Tuesday its new flagship Galaxy S23 smartphones set a new preorder record on its home turf.Preorders for the Galaxy S23 series, launched in early February, amounted to 1.09 million units, with t
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(LEAD) Kakao taxi app fined for secretly giving more calls to franchise cabs

(ATTN: UPDATES with Kakao's response in last 3 paras)By Kang Yoon-seungSEOUL, Feb. 14 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to slap fines of 25.7 billion won (US$20 million) on Kakao Mobility Corp., the nat
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Kakao taxi app fined for secretly giving more calls to franchise cabs

By Kang Yoon-seungSEOUL, Feb. 14 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to slap fines of 25.7 billion won (US$20 million) on Kakao Mobility Corp., the nation's leading taxi-hailing service, for manipulating
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S. Korea's ICT exports fall for 7th straight month in Jan.

SEOUL, Feb. 14 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products dropped for seven months in a row in January due to a global economic slowdown and waning demand for semiconductors, government data showe
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Samsung aims to use 100 pct recycled plastics in all its mobile phones by 2050

SEOUL, Feb. 13 (Yonhap) -- Samsung Electronics Co. said Monday it aims to broaden the use of eco-conscious materials to all its smartphone products in the coming years.The world's largest smartphone maker said it plans to use recycled plastic mat