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Thu, May 19, 2022 | 18:35

Tesla CEO Elon Musk offers to buy Twitter for $43 billion

Tesla CEO Elon Musk is offering to buy Twitter, saying the social media platform he has criticized for not living up to free speech principles needs to be transformed as a private company.

2022-04-14 21:10

KT targets Vietnam's digital healthcare market

KT plans to expand its digital healthcare business to Vietnam. Using the Southeast Asian country as a bridgehead, the company also aims to expand its operations to other countries in the region, the mobile carrier said, Wednesday.

2022-04-13 16:51

Naver vows to garner 1 bil. global users within 5 years

Naver is aiming to secure more than 1 billion global users and post 15 trillion won ($12.2 billion) in sales within five years by actively expanding into Japan, North America and Europe, Choi Soo-yeon, CEO of the Korean internet giant, said Wednesday.

2022-04-13 16:50

Russia sanctions force Korea to rely more on SpaceX

Korea's upcoming space missions are expected to depend more on Elon Musk's SpaceX over the next few years, instead of Russia's Soyuz rockets, due to international economic sanctions on Moscow for invading Ukraine, according to aerospace experts. The likelihood of Korea's increased reliance on the American company has grown, since the U.K.'s OneWeb joined hands with SpaceX in ...

2022-04-13 09:34

Transition committee prepares measures to nurture semiconductor experts

The incoming Yoon Suk-yeol administration will create education and training courses to help foster highly skilled professionals in the semiconductor industry, a key growth driver feared to experience a shortage of about 30,000 workers over the next decade, according to the presidential transition committee, Tuesday.

2022-04-13 08:57

Gov't urged to intervene in Google's app store payment policy

The government needs to correct Google's app store payment policy that forces local app service providers to use its in-app payment system and bans external payment methods, as such compulsory measures could increase the usage fees that consumers have to pay, according to officials from local app service providers and civic organizations, Tuesday.

2022-04-12 17:02

Samsung Electro-Mechanics develops new MLCCs for vehicle powertrain

Samsung Electro-Mechanics is expanding its multi-layer ceramic capacitor (MLCC) lineup, as the company developed a new MLCC for automotive powertrains that performs well at high temperatures, the IT component arm of Samsung Group said, Monday.

2022-04-11 16:15

Naver, Kakao face declining profits due to soaring labor costs

The stock prices of Naver and Kakao are expected to remain in the doldrums for the foreseeable future, due to their declining profitability as a result of a series of sharp wage hikes, according to securities market analysts, Sunday.

2022-04-10 16:52

Samsung Electronics posts record quarterly sales with rosy outlook

Samsung Electronics announced Thursday that its first-quarter sales are estimated to have hit a record high with a better-than-expected operating profit, despite multiple difficulties from unfavorable factors here and overseas. In its earnings guidance, the tech firm estimated that its sales, based on International Financial Reporting Standards (IFRS), rose 17.76 percent year...

2022-04-07 16:00

Samsung Electronics shares expected to bottom out in Q2

KT to spend 500 bil. won on original content over next 3 years

KT said Thursday that it plans to invest 500 billion won ($410 million) over the next three years to expand its lineup of intellectual property in media content. As part of an ambitious goal to become the country's leading media group, the company said its media unit KT Studio Genie will first showcase 24 works of original content by next year.

2022-04-07 14:56

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