SEOUL, Jan. 29 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, said Friday it expected strong demand for memory chips this year on the back of growth in the server and mobile sectors after reporting robust fourth-quarter earnings amid the pandemic. Its net income reached 1.76 trillion won (US$1.6 billion) during the [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korea’s ICT ministry said Friday it will develop an artificial intelligence-powered translator for local video streaming services as part of its broader support plan for the fast-growing over-the-top (OTT) media industry. The Ministry of Science and ICT said it is pursuing the development of the AI-based translation technology [...]
SEOUL, Jan. 29 (Korea Bizwire) — Skin snacks such as pig skin are gaining popularity as a growing number of Koreans are staying indoors to avoid the coronavirus. Gmarket, an online shopping mall, reported that snacks made with pollack skin were 21 times higher from January 1 to 25 compared to the same period last [...]
ZURICH, SWITZERLAND and SINGAPORE, Jan. 29 (Korea Bizwire) – The Payment Service Provider Omise has implemented the Netcetera 3-D Secure Server to secure online payment transactions in the APAC region. Netcetera, a market leader for digital payment solutions, offers certified products for 3DS payment processing, and promotes secure and frictionless consumer authentication. With the go-live [...]
SEOUL, Jan. 29 (Korea Bizwire) – SK Innovation Co. said Friday it turned to the red in 2020 on heavy losses from its refinery business hit by the COVID-19 pandemic but plans to expand investment to increase production of electric vehicle batteries. South Korea’s top refiner said it posted 2.2 trillion won (US$2 billion) in [...]
SEOUL, Jan. 29 (Korea Bizwire) — LG Energy Solution Ltd. has picked the lead managers for its listing on the Seoul bourse after a spin-off from its parent LG Chem Ltd., according to industry sources, which is expected to be one of this year’s mega IPO deals. The battery unit wholly owned by LG Chem [...]
SEOUL, Jan. 29 (Korea Bizwire) — SK Holdings Co., the holding firm of South Korean energy and telecom conglomerate SK Group, is moving into the silicon carbide (SiC) power semiconductor market. SiC power semiconductors are one of the core components of electric vehicles and hydrogen fuel-cell automobiles. The firm announced on Thursday that it had [...]
SEOUL, Jan. 28 (Korea Bizwire) — South Korean mobile carriers are launching unmanned stores and expanding their online retail platforms as the COVID-19 pandemic limits in-person contact and accelerates the use of virtual services. KT Corp. said Thursday it launched its first unmanned store equipped with digital kiosks for customers to buy phones and switch [...]
SEOUL, Jan. 28 (Korea Bizwire) — A Japanese food franchise in London sparked controversy when its company logo included a rendering of Japan’s imperial-era flag. Facebook communities of Koreans residing in Britain were infuriated by Sugoi JPN, a Japanese and South American food franchise, for using the symbol of Japanese imperialism often viewed in the [...]
SEOUL, Jan. 28 (Korea Bizwire) – Samsung Electronics Co. on Thursday said it aims to clinch merger and acquisition (M&A) deals and expand investments in the upcoming years as the South Korean tech giant eyes to fend off challenges from its rivals amid global uncertainties In its conference call, Samsung’s chief finance officer Choi Yoon-ho [...]