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The Korea Herald

Mobile & Internet

June 19, 2024
SKT-led quantum alliance named 'X Quantum'

SK Telecom, South Korea's largest wireless carrier by membership, on Wednesday unveiled the official name of its quantum alliance: X Quantum. In March, SK Telecom allied with six other companies -- Nokia, SOS Lab, Xgate, Wooriro, KCS and IDQ Korea -- to promote developments in the quantum ecosyste...
June 18, 2024
Naver Webtoon aims for $2.67b valuation via Nasdaq listing

Naver Webtoon, known as Webtoon Entertainment in the US, is seeking to be listed on the Nasdaq market, where it expects to have a corporate value of up to $2.67 billion. Webtoon Entertainment submitted a registration statement to the US Securities and Exchange Commission for its upcoming initial p...
June 12, 2024
[From the Scene] Kakao’s first data center unveiled

Korean IT giant Kakao, having suffered from its worst-ever server shutdown in October 2022, unveiled its first in-house data center in Ansan, Gyeonggi Province, to local media Tuesday. As part of Kakao's efforts to keep users' daily lives safe, this data center is the first one of its kind to maxim...
June 04, 2024
KT, Microsoft forge partnership for AI push

Korean telecommunications giant KT Corp. said Tuesday it has forged a strategic partnership with Microsoft to enhance ties on artificial intelligence, among others. The new partnership, aiming at jointly developing AI, cloud and IT services tailored for the Korean market, was sealed at Microsoft’...
June 04, 2024
Kakao launches K.ride for foreign travelers

Kakao Mobility, the operator of Korea's leading taxi-hailing service Kakao T, said Tuesday that it has introduced a new application for foreign visitors called "K.ride" to make their mobility in Korea more convenient. Previously, only those with a Kakao Talk account, the most popular messaging app...
June 02, 2024
Naver Webtoon eyes $4b Nasdaq listing

Naver Webtoon, also known as Webtoon Entertainment in the US, has kicked off the initial public offering process, as it filed a registration statement with the US Securities Exchange Commission for listing on the Nasdaq market. Despite the unsettled atmosphere within Naver due to recent controvers...
May 14, 2024
[KH Explains] Naver’s Line dilemma: Lose global footing for cash?

Regardless of the ongoing diplomatic brouhaha, many industry watchers expect Naver to divest its stake in the 50:50 joint venture with SoftBank that controls the Line messenger app and Yahoo Japan. The issue is how much cash it could secure from the stake sale and its business impact in the future...
May 13, 2024
SK Telecom to lead AI data center standardization

SK Telecom said Monday that their proposal for standardizing industry-wide technologies for AI data centers has recently been approved as a new research project by a UN telecom agency. The ITU-T, a division of the UN-affiliated International Telecommunication Union, is responsible for studying and...
May 09, 2024
Pressure mounts on Naver to shed stake in Line

Takeshi Idezawa, CEO of the Tokyo-based LY Corp., the operator of the messaging app Line, said Wednesday that the company has requested its key shareholder Naver to sell stakes in an apparent move to cut the Korean firm’s control over its management. The decision comes as Naver is under growing p...
May 06, 2024
Naver will consider company benefits in deciding on selling Line shares: CEO

While the Japanese government is pressuring Naver to shed ownership in Line, the dominating messaging app in Japan, the Korean internet giant said it will make a decision based on the benefit of the company's business, the chief executive officer said Friday. During an earnings call, Naver CEO Cho...
May 02, 2024
Kakao’s SM takeover gets conditional green light

Korea’s antitrust regulator has approved IT giant Kakao’s acquisition of a 39.87 percent stake in SM Entertainment, the K-pop agency behind EXO, aespa and NCT, contingent upon the implementation of corrective measures. The Fair Trade Commission said Thursday that it imposed two forms of correcti...
May 02, 2024
LG Uplus to build hyper-scale data center in Paju

LG Uplus, one of the nation's top telecom carriers, said Wednesday it plans to build a large-scale data center in response to the growing demand for such facilities, largely driven by the widespread adoption of artificial intelligence and cloud servers across industries. To build the new data cent...
April 30, 2024
Naver, Intel, KAIST join forces to set up AI lab in Korea

Naver, Intel and the Korea Advanced Institute of Science and Technology will set up a joint lab in Korea to lead the new global ecosystem for artificial intelligence semiconductors, KAIST announced Tuesday. The joint lab called NIK AI Research Center will be established on the KAIST campus in Daej...
April 30, 2024
SKT to launch telecom-specific LLM in June

After the domestic launch following its development in early June, the company looks to develop multiple LLMs and launch them in other languages globally by taking advantage of the Global Telco AI Alliance. The GTAA was launched by SK Telecom in Seoul in July last year to develop a telco-specific ...
April 29, 2024
KT explores synergy between AI, media

South Korean telecom carrier KT Corp. said Monday it is expanding its advanced artificial intelligence technology to the group’s entire media business, from content investment and production to marketing and control, to accelerate innovation. "The media business is one of KT's three core business...

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