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The Korea Herald

Mobile & Internet

August 28, 2024
One Store goes global with Taiwan launch

Korean mobile app store operator One Store said Wednesday that it aims to expand globally with Taiwan being the first strategic market. “Our hyper localization strategy involves partnering with local companies globally to tailor services specifically for each region, aiming to compete with global...
August 28, 2024
Shinhan Bank offers AI interpretation service for foreigners

Shinhan Bank, one of South Korea's five major commercial banks, is enhancing services for foreign customers with the introduction of a new speech-to-text interpretation service at its brick-and-mortar branches. On Wednesday, the bank announced the launch of its "Banking for Everyone" service, desi...
August 26, 2024
Coupang hosts global hackathon to seek innovative solutions

E-commerce giant Coupang announced Monday the company became the first domestic distributor to co-host a global hackathon event. Dubbed as "Hackseoul," the event, held on Saturday and Sunday, brought together some 200 software developers from 10 countries, including the US, Canada, Uzbekistan and ...
August 22, 2024
Seomjae applies for patents for AI-based learning system

Seomjae, a Seoul-based education solutions developer, announced Thursday that the company applied for three patents for its AI-based learning system earlier this month. One of the patents is an AI technology that automatically analyzes and summarizes online lectures and captures lecturers’ charac...
August 22, 2024
SK chief embraces AI for future growth at Icheon Forum

SK Group Chairman Chey Tae-won stressed the importance of adapting business strategies to the evolving AI ecosystem at the closing session of Icheon Forum 2024, SK Group's annual strategy meeting of top executives, which ended Wednesday. "Artificial intelligence presents us with numerous opportuni...
August 22, 2024
LG Chem leads growth hormone market with award-winning app

LG Chem is leading the nation's growth hormone market with its award-winning mobile app, EuDi. According to the company, EuDi won the iF Design Award 2024 in the user experience category in March. It was the only pharmaceutical company to win the honor among 521 winners since 2021, in an arena tra...
August 21, 2024
Coex to host smart factory trade show in Vietnam next month

The inaugural Automation World Vietnam, a trade show dedicated to smart factory solutions and automation, will be held in Binh Duong Province, north of Vietnam's Ho Chi Minh City, from Sept. 25 to 27, event host Coex said Wednesday. The upcoming event will be the first Automation World expo held o...
August 20, 2024
Can Daum regain past glory with AI push?

Daum, once solidly the No. 2 player in the online search market in Korea, has lost ground to foreign rivals here. Its parent company Kakao is betting heavily on artificial intelligence to revive the ailing portal site, but industry watchers remain skeptical of its strategy, which has yet to be mad...
August 11, 2024
Naver's operating profit surges 27% in Q2

South Korean internet giant Naver on Friday reported record-high quarterly revenue of 2.6 trillion won ($1.91 billion) for the April-June period this year, thanks to profit increases in all of its major businesses including the search platform and cloud service. During an earnings call, Naver Chie...
August 08, 2024
Kakao hints at drastic revamp in non-core businesses in second half

Kakao Corp., the operator of South Korea’s No. 1 messenger app KakaoTalk, said Thursday that it will swiftly implement a contingency plan in the second half of this year to carry out a drastic reform in its overall business operations. "We have defined KakaoTalk and AI as the key drivers of our g...
July 23, 2024
Arrest plunges Kakao into crisis

Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, has plunged into crisis as its founder and top decision maker Kim Beom-su was arrested on Tuesday on charges of stock price rigging linked to the company’s takeover of K-pop powerhouse SM Entertainment. With the leadership...
July 21, 2024
10 Korean companies on recovery from Microsoft IT outage

Following the mass global tech outage linked to Microsoft that disrupted critical public services and grounded planes, 10 companies affected in Korea have restored their operations or are on their way to recovery, said industry officials on Sunday. A faulty update from cybersecurity company CrowdS...
July 17, 2024
Google suspends popular search service in Korea

US tech giant Google has recently discontinued offering real-time popular searches in Korea, a feature long banned by its Korean rivals such as Naver and Daum due to the possibility of manipulating public opinion. “We have decided to remove the feature from Google Search in Korea. The feature is ...
July 09, 2024
Kakao's legal risk intensifies over alleged stock manipulation

Kim Beom-su, the founder of tech giant Kakao Corp., the operator of South Korea's top mobile messenger, was summoned by prosecutors Tuesday to address allegations of stock price manipulation related to Kakao's acquisition of K-pop megacorp SM Entertainment last year. The Financial Investigation Di...
July 04, 2024
Stalled talks for Line stake sale: Boon or bane for Naver?

Negotiations over Naver’s stake sale in its joint venture with Japan’s SoftBank are expected to be prolonged, with no immediate breakthrough in sight. Naver CEO Choi Soo-yeon on Tuesday made it clear that the portal giant has no immediate intention to sell its stake in LY Corp., the operator of ...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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