SEOUL, Feb. 10 (Korea Bizwire) – The Supreme Court on Thursday ordered a retrial of a case launched by U.S. software giant Microsoft Corp. seeking a refund of 634 billion won (US$530 million) in purportedly undue withholding taxes paid in South Korea. The top court sent the case back to the appeals court in Suwon, south of [...]
SEOUL, Jan. 18 (Korea Bizwire) — A new path has opened for Samsung Electronics Co. to produce an eye-catching laptop with a foldable display and keyboard. The World Intellectual Property Organization (WIPO), a U.N.’s intellectual property agency, finally approved a patent named ‘multi-foldable electronic appliance’ registered in July last year by Samsung Electronics, according to [...]
SEOUL, Nov. 23 (Korea Bizwire) — North Korea has opened a nationwide computer programming competition aimed at cultivating talents to lead the country’s information and technology development, a propaganda outlet said Tuesday. A semifinal for the competition, organized by the Kimchaek University of Technology, took place between Nov. 5-15, with the final match slated to [...]
SEOUL, Nov. 19 (Korea Bizwire) – The financial industry is beginning to explore the possibility of businesses in the metaverse space, where digital assets could serve as a new growth engine for the banking sector. Cyworld Z, operator of Cyworld service, announced on Thursday that the state-run Industrial Bank of Korea (IBK) will enter the [...]
SEOUL, Nov. 12 (Korea Bizwire) — LG Electronics Inc. has announced plans to launch an automotive augmented reality (AR) software business after years of striving to grow its automotive electronics business into a future cash cow. The South Korean tech giant said Thursday that it will kick-start operations to provide AR software solutions to automakers. [...]
SEOUL, Nov. 1 (Korea Bizwire) — As the Fair Trade Commission is stepping up pressure on conglomerates to reduce reliance on intra-group transactions in the area of IT services, their IT service affiliates are looking for ways to survive through income diversification. Samsung SDS Co., an IT service unit of Samsung Group, revealed last week [...]
SEOUL, Oct. 29 (Korea Bizwire) — The Ministry of Science and ICT on Friday said it will come up with measures restricting the concurrent update of routers to prevent recurrence of a network outage that crippled the country earlier this week. On Monday, wired and wireless network services provided by KT Corp., a major South [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s dominant internet portal operator Naver Corp. on Thursday introduced a new personalized search service dubbed AiR Search. The service, powered by Naver’s artificial intelligence (AI) technology, will provide results in block units that reflect current trends and individual interests. “AiR Search will be the beginning of a [...]
SEOUL, Oct. 25 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, apologized Monday for the inconvenience caused by disruptions of its services that affected customers across the country. KT’s services, including the internet, payment and phone call services, were disrupted beginning at around 11 a.m. KT appeared to have recovered most of [...]
SEOUL, Oct. 16 (Korea Bizwire) — More than 30 countries, including South Korea, Japan and Britain, pledged to work together to combat the growing threat of ransomware attacks in a virtual conference hosted by the United States, a joint statement from the meeting showed Friday. The two-day “counter ransomware initiative” meeting ended Thursday (U.S. time) [...]