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Thu, April 26, 2018 | 13:00

Biz & Tech > IT >

Korean crypto exchanges unveil self-made rules to bolster transparency

The rules suggest domestic crypto exchanges (1) manage clients' digital coins and their own separately (2) cope with abnormal transactions quickly (3) float new crypto with enhanced client protection system (4) hold a minimum equity of 2 billion won and (5) publish regular audit and finance reports.

IT | 2018-04-17 15:42

Kakao to focus on AI-driven autonomous drone

Kakao's artificial intelligence (AI) unit Kakao Brain will focus on autonomous drone technology. Kakao revealed the “Deep Drone” project team, with headquarters on Jeju, on its official blog. The project involves the development of robotics technology related to drones. “We are researching and developing an AI-based autonomous drone,” said developer Bryan Kim. He said the ult...

IT | 2018-04-17 15:32

Samsung's S9 tops consumer report ranking

Samsung Electronics' latest top-of-the-line smartphones swept the smartphone rankings list of the U.S.-based Consumer Reports magazine. In the latest evaluation of the magazine that came out on April 13, the Korean tech giant's Galaxy S9 and S9 Plus received 81 overall points each to put them at the top of the list.

IT | 2018-04-16 18:10

Kakao under fire for allowing cabbies to pick and choose

Kakao Mobility has come under fire after abruptly withdrawing a policy not to disclose a passenger's destination when the passenger uses a paid taxi-hailing service.

IT | 2018-04-16 17:29

Coupang's revenue increased 40% to ￦2.7 tril. in 2017

Online shopping mall Coupang has plunged into impaired capital status after suffering losses of more than 600 billion won ($559 million) in 2017.

IT | 2018-04-16 17:28

Samsung-labor ministry tit-for-tat continues

The country's trade ministry said it will hold another round of discussions on the appropriateness of disclosing the workplace environment at Samsung's chip fabrication plants.

IT | 2018-04-16 16:55

China refuses to approve SK hynix-Toshiba deal

In the latest standoff over attempts to purchase Toshiba's NAND flash memory chip business pursued by a Korea-Japan-U.S. consortium, China's regulators are seeking more protections for Chinese companies before approving the proposed purchase of the Toshiba unit.

IT | 2018-04-16 16:02

Korea's biggest crypto exchange holds digital coins worth W6.35 tril.

In its first publicized audit report on Monday, the company said its crypto reserves at the end of 2017 were 6.3584 trillion won ($5.9186 billion), including 416 billion won-worth coins of its own. The figure was up nearly 220 times more than the previous year.

IT | 2018-04-16 15:26

Coupang's sustainability comes into question

The question of financial sustainability looms over local e-commerce company Coupang as the top-tier online retail company has been recording years of operating losses. Coupang has been in fierce competition against others to grab the largest piece of the pie in the rapid-growing online retail business here.

IT | 2018-04-15 17:55

SKT, KT take deep breath over cost disclosure

Three mobile carriers here are being driven deeper into a corner after the nation's top court ordered them last week to reveal a breakdown of their operating costs.

IT | 2018-04-15 17:09

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Missile attack on Syria