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Sun, November 28, 2021 | 03:11

Samsung SDI's stock on recovery track

Samsung SDI's stock is expected to take a stable upward trajectory in the coming months, based on expectations of its electric vehicle (EV) battery business achieving solid profits this year. A limited impact from the auto chip shortage on the battery maker's profits as well as plans to aggressively expand its battery product lineup are set to have a positive effect on Samsun...

Kim Bo-eun | 2021-11-02 16:42

LG Innotek wins 'zero waste to landfill' certification

Park Yeong-su, right, head of Safety & Environment Division at LG Innotek, poses with Yeom Hee-jeong, global account director at global safety certification company Underwriters Laboratory (UL) Korea, at the former's office in Gumi, North Gyeongsang Province, Nov. 1. LG Innotek said its Gumi branch earned the platinum grade of zero waste to landfill certification from UL for ...

Baek Byung-yeul | 2021-11-02 13:33

ByteDance CEO steps down to focus on TikTok

TikTok Chief Executive Officer Shou Zi Chew will step down as its parent ByteDance's chief financial officer (CFO) to focus on running the short video business full time, according to an internal memo the company shared with Reuters.

2021-11-02 13:00

KT to pay W40 bil. in compensation for network outage

KT will pay out up to 40 billion won ($33.97 million) in compensation to customers of its wired and wireless services, which underwent nationwide disruptions Oct. 25, the company said. The telecom company outlined its compensation policy for the network failure during a briefing, Monday. A routing error disabled wired and wireless services from around 11:20 a.m. to noon a wee...

Kim Bo-eun | 2021-11-01 16:42

Naver gets highest grade in local agency's ESG evaluations

Naver received the highest grade in the ESG evaluations by the Korea Corporate Governance Service (KCGS) for this year, the company said Monday.

2021-11-01 15:48

SK Telecom names new CEO following non-telecom spinoff

SK Telecom Co. on Monday named the former head of its mobile network operations division Ryu Young-sang as its new CEO following the launch of its non-telecom spinoff SK Square.

2021-11-01 14:24

[ANALYSIS] Semiconductors: Moon's leverage at G20 sideline

The top priority for President Moon Jae-in's attendance at this year's G20 Summit in Rome, Italy, is how to win support from U.S. Security Council members to move forward with his idea of making a formal declaration of the end of the Korean War before the end of his term next year, and how to narrow differences on the timing and conditions for the steps and expected consequen...

Kim Yoo-chul | 2021-10-31 16:53

No one except for Moon rushing for talks with North Korea

'Subcontracted employee's mistake caused network outage'

A mistake by an employee of a firm KT outsourced for its routing work was to blame for the nationwide network disruption earlier this week, the Ministry of Science and ICT said Friday. KT's internet network error disabled both wired and wireless services around 11:20 a.m. on Monday. Most services were restored by noon, but some disruptions lasted longer.

Kim Bo-eun | 2021-10-29 17:27

Facebook recommended to pay 300,000-won compensation per victim over personal data breach

The state watchdog on personal information protection on Friday recommended the operator of Facebook to pay 300,000 won ($256.70) in compensation to each of 181 users demanding damages for the provision of their personal information to third parties without consent.

2021-10-29 16:54

Facebook changes name to Meta as it refocuses on virtual reality

SK On confirms plans for LFP batteries

SK's battery affiliate is currently developing lithium iron phosphate (LFP) batteries for electric vehicles (EV), and the company said its battery business will turn profitable next year at the earliest.

Kim Bo-eun | 2021-10-29 15:43

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