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Biz & Tech

Sat, August 8, 2020 | 01:10

Trump bans dealings with Chinese owners of TikTok, WeChat

Trump bans dealings with Chinese owners of TikTok, WeChat

President Donald Trump has ordered a sweeping but vague ban on dealings with the Chinese owners of popular social media apps TikTok and WeChat on security grounds, a move China's government criticized as ``political manipulation.`` The twin executive orders Thursday _ one for each app _ add to growing U.S.-Chinese conflict over technology and security. They take effect in 45 ...

2020-08-07 21:01

Web portals suspend sports news comment services to stop hateful remarks

Web portals suspend sports news comment services to stop hateful remarks

South Korea's three top web portal operators have all halted comment services for sports-related news to help stem the spread of hateful remarks, company sources said Friday. The move by Naver, Kakao and Nate comes as there has been a growing understanding that athletes, like celebrities, are often targets of malicious comments posted in the comment sections of news articles.

2020-08-07 20:42

Trump targets Samsung, LG for political boost ahead of election

Trump targets Samsung, LG for political boost ahead of election

U.S. President Donald Trump has boasted that his administration's imposition of a 50 percent tariff on Samsung and LG products helped domestic companies such as Whirlpool increase their market share.

Kim Hyun-bin | 2020-08-07 16:58

KT Q2 net up on reduced costs, robust non-mobile biz

KT Q2 net up on reduced costs, robust non-mobile biz

KT said Friday its second-quarter net income rose 2.2 percent from the previous year on the back of reduced costs amid the pandemic and growing demand for its non-mobile services.

2020-08-07 16:30

LG Uplus snubs Huawei-related security risks, Q2 net sharply up

LG Uplus snubs Huawei-related security risks, Q2 net sharply up

LG Uplus said Friday its 5G equipment from China's Huawei Technologies does not pose security risks, downplaying U.S. concerns that they can be used for espionage by China.

2020-08-07 16:29

NHN, Celltrion net income up in Q2

NHN, Celltrion net income up in Q2

NHN Corp. on Friday reported its second-quarter net income of 18.7 billion won ($ 15.8 million), up 7.8 percent from a year earlier.

2020-08-07 16:29

Lotte Chemical, Kumho Petrochemical net profit down on COVID-19

Lotte Chemical, Kumho Petrochemical net profit down on COVID-19

Lotte Chemical said Friday its second-quarter net profit fell 88.7 percent from a year earlier due to low demand amid the coronavirus pandemic.

2020-08-07 16:29

Is KEPCO aiming to generate its own power?

Is KEPCO aiming to generate its own power?

A bill allowing the Korea Electric Power Corp. (KEPCO) to directly operate power plants running on renewable energy resources has been tabled in the National Assembly, offering the state-run power distributor the chance to generate electricity for the first time in nearly 20 years.

Nam Hyun-woo | 2020-08-07 15:59

Cobalt weighs on Korean battery firms before Tesla Battery Day

Cobalt weighs on Korean battery firms before Tesla Battery Day

LG Chem, Samsung SDI and SK Innovation are paying attention to Tesla's looming Battery Day event, as the EV maker is anticipated to showcase its increased use of cobalt-free batteries, which could affect the Korean battery makers' current strategy of relying on cobalt in producing their products.

Nam Hyun-woo | 2020-08-07 13:33

SKT in talks with NBCUniversal for content business

SKT in talks with NBCUniversal for content business

SK Telecom, the country's top mobile carrier, said Thursday it's been in talks with Comcast-NBCUniversal to possibly expand its content business, a senior company executive said, Thursday.

Kim Yoo-chul | 2020-08-06 18:11

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