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Mon, August 8, 2022 | 01:33

Samsung apologizes to consumers for Galaxy S22 performance

Han Jong-hee, the vice chairman of Samsung Electronics, offered an apology to company shareholders and customers, Wednesday, for a controversy over its game optimizing service (GOS), which adjusts a smartphone's performance when users play games. He vowed to provide customers with the best products and services.

Baek Byung-yeul | 2022-03-16 16:44

Global expansion No. 1 mission for new Naver CEO

Naver, a leading internet company here, appointed in-house executive Choi Soo-yeon as its new CEO at its board meeting on March 14. Behind Naver's decision to choose the 41-year-old leader is its strategy to seek overseas expansion, according to company officials, Wednesday.

Baek Byung-yeul | 2022-03-16 15:24

Why Saudi crown prince invested in Nexon, NCSOFT

A 3 trillion won ($2.4 billion) investment into two Korean game companies by the Saudi Arabian government-led Public Investment Fund (PIF), has caught the attention of investors, according to industry officials Tuesday.

Baek Byung-yeul | 2022-03-15 16:22

Samsung SDI cuts back battery pack business from China, expands at home

Samsung SDI has cut back its battery business in China as part of a strategy to streamline overseas production lines by suspending non-core and low-performance businesses, company officials said Monday.

Baek Byung-yeul | 2022-03-14 16:55

Samsung bets big on Galaxy A to compete with Apple

Samsung Electronics will hold an online event unveiling new smartphones in its Galaxy A series on March 17.

Baek Byung-yeul | 2022-03-14 16:55

Kakao founder to spearhead battle with Naver in Japan

Kakao founder Kim Beom-su has offered to resign as board chairman to better focus on leading his company's overseas expansion, just as his chief rival, Naver founder Lee Hae-jin, had done five years ago.

Park Jae-hyuk | 2022-03-14 16:30

Musk says Tesla, SpaceX see significant inflation risks

Tesla Chief Executive Officer Elon Musk said Sunday that his U.S. electric carmaker and rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics.

2022-03-14 14:16

South Korean regulator unveils guideline on world's 1st in-app payment law

South Korea's telecommunications regulator on Thursday unveiled a guideline to clarify potential violations of a revised law banning store operators, like Apple and Google, from forcing developers to use their own in-app payment systems.

2022-03-10 20:15

Will KT raise value under holding firm structure?

Controversy is stirring once again over the possibility of KT, a Korean telecommunications company, restructuring as a holding firm and the possible impact of such a transformation on minority shareholders, after a domestic securities analyst published a report on Tuesday about the company.

Park Jae-hyuk | 2022-03-08 15:45

Minority shareholders flex muscles against Samsung Electronics

Some minority shareholders and employees of Samsung Electronics have started an online campaign to put the brakes on the company's plan to appoint President Roh Tae-moon in charge of its smartphone business as an inside director, according to industry officials, Monday.

Park Jae-hyuk | 2022-03-07 16:48

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