The latest technology news coverage. We bring you the latest information on what is happening in Korea today.
SEOUL, April 13 (Korea Bizwire) — The Supreme Court on Thursday finalized a ruling in favor of the South Korean antitrust regulator’s record fine of 1 trillion won (US$760.8 million) imposed in 2016 on U.S. chipmaker Qualcomm Inc. for unfair business practices. The fine was imposed by the Fair Trade Commission (FTC), which concluded in [...]
GWAGNJU, April 13 (Korea Bizwire) — A police officer’s idea of using smart tag as a way to locate missing elderly dementia patients is paying off. Smart tags are small electronic devices designed to make it easier to detect the location of a missing object such as keys or luggage, and are sometimes used with [...]
SEOUL, April 12 (Korea Bizwire) – South Korea’s unmanned space vehicle Danuri has sent photos of the moon’s far side during its mission to collect selenographic data, the science ministry said Wednesday. Danuri, which is rotating around the moon 100 kilometers above the surface, took pictures of the Tsiolkovskiy crater on March 22 and the [...]
SEOUL, April 11 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to slap a fine of 42.1 billion won (US$31.8 million) on Google LLC and its regional arms for unfair business practices aimed at solidifying its dominance in the Korean mobile gaming app market. The punishment came as the U.S.-based global [...]
SEOUL, April 11 (Korea Bizwire) — Samsung Display Co., the display arm of Samsung Electronics Co., on Tuesday signed a deal to supply organic light-emitting diode (OLED) display panels to Ferrari, the company said. The two companies held a ceremony to exchange a memorandum of understanding at the panel maker’s Asan Campus, 83 kilometers south [...]
SEOUL, April 11 (Korea Bizwire) — Tech giant Samsung Electronics Co. will allow smaller domestic companies to use more of its royalty-free technologies to achieve shared growth, the industry ministry said Tuesday. Samsung will transfer 272 kinds of its patent technologies in eight sectors, including semiconductors, displays and mobile gadgets, to smaller firms without receiving [...]
SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. have announced their preliminary first-quarter results, and the outcome is a mixed bag. Samsung Electronics suffered a record earnings shock with its operating profit plummeting to a historic low, not only in comparison to LG Electronics but also to LG Energy Solution [...]
SEOUL, April 7 (Korea Bizwire) — LG Electronics Inc. on Friday said its operating profit for the January-March period likely declined 23 percent from a year earlier amid the on-going macroeconomic woes that dampened consumer demand. The South Korean tech company estimated its first-quarter operating profit at 1.49 trillion won (US$1.1 billion), down 22.9 percent [...]
SEOUL, April 7 (Korea Bizwire) — Video game giant NCSOFT Corp. announced that it has filed a civil lawsuit against Kakao Games Corp. and its subsidiary XLGAMES Inc. at the Seoul Central District Court. NCSOFT claimed that Kakao Games’ “ArcheAge WAR,” which was released last month, infringes upon the copyrights of the contents and the [...]
SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. on Friday said it cut memory production in the short term, as its quarterly profit plunged significantly amid the chip downturn, in a sharp departure from its previous position that it would not artificially reduce output. The world’s largest memory chip and smartphone maker earlier in [...]