Issue & Technology

LG-Electronics

On July 28, 2016 ― LG Electronics announced second-quarter 2016 operating income of KRW 584.6 billion (USD 503.10 million), nearly 140 percent higher than the previous year,

Profit based on K-IFRS

On July 28, 2016 – Samsung Electronics announced financial results for the second quarter ended June 30, 2016.

The 6th Merck Biopharma Innovation Cup Winners

On July 26, 2016 – Merck announced the winners of its sixth Biopharma Innovation Cup. The winning team received €20,000 for its “controlling schistosomiasis transmission” approach in the Global Health area.

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South Korea's largest mobile operator, SK Telecom (SKT), said on July 27 that it has signed a memorandum of understanding with Israel-based 3D sensor developer

Reporter's Note

amazon_drone

Amazon has today announced a partnership with the UK Government to explore the steps needed to make the delivery of parcels by small drones a reality, allowing Amazon to trial new methods of testing its delivery systems.

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Two Korean-American peace activists have been denied entry into South Korea because their purpose of visit was to protest the S. Korean government’s decision to deploy a U.S. THAAD anti-missile defense unit in Seongju

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A Korean citizen has recently lodged a complaint with the Supreme Prosecutors’ Office against Samsung Group chairman Lee Kun-hee after video clips showing Lee allegedly

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A local business newspaper reported that POSCO would supply its automotive steel sheets for Tesla's Model 3. However, the newspaper has recently retracted the report

Business

ARPU

On July 28, 2016 – SK Telecom announced its earnings on a K-IFRS consolidated basis for the second quarter of 2016: revenue of KRW 4.267 trillion, operating income of KRW 407.4 billion and net income of KRW 291billion.

samsung elec

On July 28, 2016 - Samsung Electronics announced the fourth and final phase of its share buyback program, amounting to KRW 1.8 trillion, which will take approximately three months to complete beginning tomorrow.

Products & Technologies

cafe24

On July 28, 2016 – Selling K-Style (Korean Style) items online in Taiwan has now become easier than ever.

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On Jul. 27, 2016 – LG Display announced that it will invest KRW1.99 trillion in a new 6th generation (1,500mm x 1,850mm) flexible OLED display production line in Paju, South Korea, as part of its preemptive efforts to change and lead the approaching era of flexible OLED screens for mobile devices.

People & Interviews

dongkuk university

The Korea IT Times, a S. Korea-based global news network, will run a five-installment series dedicated to startups developing blockchain technology (which is considered as a means of democratizing the financial market) and leaders in innovative financial services.

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The People's Solidarity for Participatory Democracy (PSPD), one of the leading civic groups in South Korea, said on July 22, “Samsung Group Chairman Lee Kun-hee

Column

Brahima Sanou

“2016 marks the year when the international community is embarking on the implementation of the 17 Sustainable Development Goals (SDGs) and their 169 targets.

Open Government Data Special

OECD Open Data Index

In July 2015, there was good news coming from Paris, France. South Korea ranked 1st in the Open, Useful, Reusable Government Data Index (the OUR data index) among the 30 OECD member nations,

Software

360Heros

On July 28, 2016 - 360Heros has announced a rebrand. The rebrand introduces a new company name, 360RIZE, along with a new mission statement and direction.

fusionex

On July 13, 2016 - Fusionex International PLC, an international provider of software specializing in Analytics, Big Data and the Internet of Things (IoT), is pleased to announce a major GIANT multi-year, multi-million dollar contract win in the Philippines .

Editor's Pick

Nicholas Kim

With the advent of the post-9/11 era, there’s no doubt that the international war on terror has morphed to include ever-evolving boundaries.

World News

nepartak

On July 5, AccuWeather reports Typhoon Nepartak will target northern Taiwan and Japan's southern Ryukyu Islands with flooding rain and damaging winds later this week.

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