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Biz & Tech

Fri, July 30, 2021 | 17:10

One Store positioned to benefit from Google Play Store situation

Developments are ongoing at the National Assembly to pass a bill that will ban Google from requiring media content app developers on Play Store to pay a 30 percent fee for using its payment system. The bill intends on protecting local app developers from being forced to pay a hefty fee by the monopolizing app market operator.

2021-07-30 16:24

Self-made Kakao founder becomes Korea's richest person

The self-made founder of Kakao has become the country's richest person, backed by stock gains this year, according to the Bloomberg Billionaires Index. Bloomberg reported that Kakao Chairman Kim Beom-su, 55, has a net worth of $13.4 billion (15.4 trillion won), which places him at the top of Korea's wealth rankings. Following him is Samsung Electronics Vice Chairman Lee Jae-y...

2021-07-30 15:00

[ANALYSIS] With Lee's release from prison, Samsung shares set to rise

All of the company's numbers - from profit margin and operating profit to sales - are strong, and analysts have no big questions over its business outlook for the rest of the year. However, Samsung Electronics shares have been trapped in a boxed-in range for more than five months.

2021-07-30 14:51

Mobile exit, pandemic consumer habits hugely benefit LG Electronics

LG Electronics reported stellar second-quarter earnings results thanks to rising demand for electronic gadgets amid the continued COVID-19 pandemic, while its decision to pull out of the money-losing handset business also helped its bottom line.

2021-07-29 16:57

Samsung Electronics mulls major acquisitions in coming years

Samsung Electronics indicated Thursday that it will push for large-scale acquisitions in the coming years, in a ...

2021-07-29 16:44

Samsung delivers robust Q2 earnings on chip biz recovery, one-off gain

Samsung Electronics on Thursday reported robust second-quarter earnings on the back of its semiconductor business and a one-off gain from its display panel business.

2021-07-29 10:28

[ANALYSIS] What matters most in Samsung's foundry business?

For Samsung Electronics, an obvious strategy in its ambitious high-stakes initiatives - to transform the company into a global top player in contract-based chip manufacturing - will clearly be a transformational pursuit, as the top memory chipmaker is asked to move into the profitable foundry business.

2021-07-28 16:53

Google urged to pay news copyright fees

With countries increasing their efforts to strengthen antitrust regulations on digital platforms, Google is under pressure to pay copyright fees to news organizations for using their content on its platform. Officials in the news industry here said Wednesday that this wave of change is also approaching within Korea, as voices are increasing that there needs to be a measure to...

2021-07-28 16:52

LG Display zeroing in on P-OLEDs

LG's display affiliate said Wednesday that it is reviewing expanding its plastic organic light-emitting diode (P-OLED) display panel production facilities, as it is increasingly focusing on its P-OLED business. "We are currently looking into expanding our P-OLED facilities," LG Display's Senior Vice President and CFO Suh Dong-hee said in a conference call that unveiled the co...

2021-07-28 16:36

SK hynix expects China to approve $9 bil. Intel NAND biz acquisition

SK hynix said Tuesday it expects to get the greenlight from Chinese authorities for its suggested multi-billion dollar acquisition within the latter half of this year.

2021-07-27 16:56

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