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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Budget airlines' check-in, booking systems operate normally after global tech outage

Some low-cost airlines in Korea had fully restored their check-in and booking systems 12 hours after disruptions caused by a global technical outage, which also affected the IT and financial sectors around the globe, the state-run airport operator said Saturday.

Jul 20, 2024By Yonhap
Budget airlines' check-in, booking systems operate normally after global tech outage
  • What caused global cyber outage?
  • Global tech outage eases after widespread disruption, new focus seen on risks

SK chief expects Nvidia to maintain dominance in chip sector for at least 3 years

SEOGWIPO, Jeju Island — SK Group and Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won said, Friday, that Nvidia will maintain its lead in the AI chip industry for at least the next three years.

Jul 19, 2024By Park Jae-hyuk
SK chief expects Nvidia to maintain dominance in chip sector for at least 3 years
  • Korea needs infrastructure for 'AI warriors': KCCI chief

Kakao's future uncertain as leader faces arrest

Korean messenger and app giant Kakao is facing growing doubts about its efforts to revamp its governance and business structure, as prosecutors have set their sights on Kim Beom-su, the company’s founder who has been deeply involved in the operations and investments of numerous Kakao affiliates.

Jul 18, 2024By Nam Hyun-woo
Kakao's future uncertain as leader faces arrest

LS accuses Taihan of stealing cable technologies

LS Cable & Solution (C&S) criticized Taihan Cable & Solution (C&S) for the alleged theft of submarine cable technologies on Monday, threatening to take all possible legal actions both domestically and internationally if the allegations turn out to be true.

Jul 15, 2024By Park Jae-hyuk
LS accuses Taihan of stealing cable technologies

Tving, Wavve merger talks yet to result in deal

Talks over merging Korea's two major streaming service providers, Tving and Wavve, remain adrift, with efforts to reconcile the differing interests of each stakeholder dragging on for seven months.

Jul 14, 2024By Nam Hyun-woo
Tving, Wavve merger talks yet to result in deal

iPhone users in Europe to access Samsung Wallet as Apple lets rivals use tap-and-go payments

Apple has decided to open its tap-and-go mobile payments system to rivals in Europe, which will give iPhone users more choices beyond Apple Pay, such as Samsung Wallet and Google Pay, according to EU antitrust regulator, Thursday (local time).

Jul 12, 2024By Jun Ji-hye
iPhone users in Europe to access Samsung Wallet as Apple lets rivals use tap-and-go payments
  • Hyundai Card's overseas usage skyrockets with Apple Pay partnership
  • Apple accused of monopolizing smartphone markets in US antitrust lawsuit
  • Samsung beats Apple to regain top spot as world's leading smartphone seller
  • Use of contactless payments increased nearly sixfold over past year

Samsung SDI, SKKU to establish battery engineering department

Samsung SDI signed a memorandum of understanding with Sungkyunkwan University (SKKU), Thursday, to establish an academic department dedicated to raising future experts on battery engineering, the company said, Friday.

Jul 12, 2024By Park Jae-hyuk
Samsung SDI, SKKU to establish battery engineering department

Will protracted strike affect Samsung's chip productivity?

With Samsung Electronics’ largest labor union threatening to extend its strike to “an indefinite period,” concerns are growing over the chipmaker’s productivity. The union is initially targeting less-automated manufacturing lines first and aims to expand its influence to high-bandwidth memory (HBM) chips, which are critical for powering artificial intelligence (AI).

Jul 11, 2024By Nam Hyun-woo
Will protracted strike affect Samsung's chip productivity?

Samsung unveils new AI-powered Galaxy foldable phones

Samsung Electronics unveiled its new Galaxy Z Fold 6 and Galaxy Z Flip 6 smartphones during the summertime Galaxy Unpacked event in Paris, Wednesday (local time), introducing a number of technical upgrades and artificial intelligence (AI) functions tailored to its flexible form factors.

Jul 10, 2024By Nam Hyun-woo
Samsung unveils new AI-powered Galaxy foldable phones

MegazoneCloud confident in IPO after picking big name lead managers

MegazoneCloud has expressed confidence in its initial public offering (IPO), which could value the Korean cloud management company up to $7 billion, by selecting several big-name brokerages as lead managers.

Jul 10, 2024By Nam Hyun-woo
MegazoneCloud confident in IPO after picking big name lead managers
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