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IT

Tue, October 20, 2020 | 12:36

SK hynix to buy Intel's NAND memory chip unit for $9 billion

SK hynix to buy Intel's NAND memory chip unit for $9 billion

SK hynix Inc., South Korea's No. 2 chipmaker, said Tuesday that it will buy the NAND business of U.S. semiconductor giant Intel Corp. in a deal worth 10.3 trillion won (US$9 billion) to expand its presence in the memory sector. SK hynix said it will acquire all of Intel's NAND flash business, except its Optane memory unit. The deal includes Intel's solid state drive (SSD) bus...

2020-10-20 10:13

Korea's 5G download speed the world's second fastest: report

Korea's 5G download speed the world's second fastest: report

South Korea's 5G download speed is the world's second fastest, reaching an average speed of 336.1 megabits per second (Mbps), a report showed Tuesday. The country was only behind Saudi Arabia, which delivered an average 5G download speed of 377.2 Mbps, according to a report from industry tracker Opensignal, which tracked data between July 1 and Sept. 28 in 15 countries with 5...

2020-10-20 09:14

Swedish audiobook platform Storytel aims to expand presence here

Swedish audiobook platform Storytel aims to expand presence here

The country's publishing market has been stagnant for some time with more people doing things with their smart devices instead of reading books.

Baek Byung-yeul | 2020-10-19 17:22

Lawmakers fail to tackle Netflix, Google issues in audit

Lawmakers fail to tackle Netflix, Google issues in audit

The Science, ICT, Broadcasting and Communications Committee has failed to summon the heads of Google Korea and Netflix Services Korea to appear as witnesses in this year's annual government audit for questioning over their “controversial business practices” in the country.

Kim Hyun-bin | 2020-10-19 17:10

Samsung heir departs for Vietnam for potential investment

Samsung heir departs for Vietnam for potential investment

Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea's top conglomerate, on Monday departed for Vietnam as he seeks more business opportunities amid the pandemic. Lee is expected to meet Vietnamese Prime Minister Nguyen Xuan Phuc on Tuesday during his three-day trip to the Southeast Asian nation and visit Samsung's plants there.

2020-10-19 16:12

SKB aims to establish NE Asia's data center hub by 2021

SKB aims to establish NE Asia's data center hub by 2021

SK Broadband (SKB) has suggested making Saemangeum a data center hub for Northeast Asia with an innovative low-power model that incorporates new and renewable energy sources, for the first time in Korea.

Kim Hyun-bin | 2020-10-19 12:46

'Samsung set to win over TSMC in the end'

'Samsung set to win over TSMC in the end'

Samsung Electronics is intensively investing in the expansion of its foundry business in efforts to catch up to Taiwanese semiconductor company TSMC, which continues to dominate the contract-based chip-making business.

Baek Byung-yeul | 2020-10-18 18:15

Samsung heir to visit Vietnam this week

Samsung heir to visit Vietnam this week

Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea's top conglomerate, plans to visit Vietnam this week, his second overseas business trip this year after returning from Europe last week, industry sources said Sunday. According to the sources, Lee will depart for Vietnam on Tuesday and probably meet Vietnamese Prime Minister Nguyen Xuan Phuc du...

2020-10-18 11:00

Samsung tops Forbes list of world's best employers

Samsung tops Forbes list of world's best employers

Samsung Electronics topped the world's best employer rankings released by U.S. business magazine Forbes, industry officials said Friday.

2020-10-16 16:58

Ride-hailing service firm SoCar receives W60b funding

Ride-hailing service firm SoCar receives W60b funding

Local car-sharing and ride-hailing services company SoCar is trying to make a comeback months after its van-hailing service was forced to halt operations due to a revision to the Transportation Law.

Baek Byung-yeul | 2020-10-16 15:52

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