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Biz & Tech

Tue, June 15, 2021 | 18:37

Possible strike of Samsung Display union draws attention

Samsung Display is on the verge of a strike, as its management and employees have failed to narrow down differences concerning their wage negotiations. If the union stages a walkout, this action would be the first case of a strike in the Samsung Group, which saw the launch of its first labor union in half a century in late 2019.

2021-05-17 16:15

[ANALYSIS] SK hynix unlikely to acquire GlobalFoundries

After its chief executive Park Jung-ho clarified that SK hynix plans to double the capacity of its foundry (contract-based chip fabrication), investors have been saying that the world's No. 2 memory chipmaker will “soon” try to invest in a foundry chip-making company.

2021-05-16 15:55

Media watchdog to investigate Google's alleged abuse of Android Auto app

Korea's top media watchdog is investigating allegations that Google violated the country's Telecommunications Business Act by blocking non-Google Play users from accessing the Android Auto application. This comes just months after Google came under fire for announcing plans to charge a 30 percent commission on in-app purchases in Korea.

2021-05-16 15:17

Over 6 in 10 Koreans in favor of giving pardon to jailed Samsung heir: poll

More than six out of 10 South Koreans support the idea of pardoning Lee Jae-yong, the jailed de facto leader of Samsung Group, a poll showed Saturday. According to the joint survey conducted on 1,003 people age 18 or over nationwide from Monday through Wednesday, 64 percent of respondents said they support granting Lee a pardon.

2021-05-15 09:49

Telecom operators spend big on data centers on spiking digital services

South Korean telecom operators are joining other internet service providers in expanding their number of data centers nationwide as the COVID-19 pandemic drives increased demand for online services, and to tackle a surge in data traffic amid the increased penetration of the country's 5G network. On Wednesday, telecom giant KT opened a new internet data center in Seoul's south...

2021-05-15 09:36

Samsung aiming to seize stay-at-home trend with new laptops

Samsung Electronics has released new laptops under its new brand Galaxy Book to ride on soaring demand for notebook PCs amid the ongoing stay-at-home trend caused by the COVID-19 pandemic.

2021-05-14 16:32

Naver to take part in Bank of Korea's digital currency test

Korean internet services company Naver is set to take part in the Bank of Korea's (BOK) central bank digital currency (CBDC) tests. Its participation is set to serve as an advantage when the government selects private-sector partners in issuing the currency.

2021-05-14 16:31

New biz focus poses dilemma for telecom firms

The country's three major telecom companies saw their profits grow in the first quarter, backed by new business ventures in non-telecom sectors as they seek opportunities within new fields of information and communication technology such as artificial intelligence, big data and cloud computing.

2021-05-14 09:19

Korea to create world's largest chip manufacturing complex

The government announced Thursday it will help establish the world's largest semiconductor supply chain in Korea by 2030 in cooperation with firms in the private sector, including Samsung Electronics and SK hynix, to make the country a global leader in both memory and system chips. To achieve this auspicious goal, the administration will provide huge tax incentives to compani...

2021-05-13 16:57

SK hynix chief may opt for corporate acquisition to expand foundry business

SK hynix Vice Chairman Park Jung-ho is considering corporate acquisitions among other possible measures to bolster production capacity in the firm's foundry business, Park said Thursday. His comments came on the heels of a government-led semiconductor investment plan also unveiled on Thursday, to boost Korea's leading position in chip technology amid an intensifying global ra...

2021-05-13 16:55

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