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Tue, October 24, 2017 | 12:48

Who will purchase Daewoo E&C?

Foreign companies are still interested in a takeover bid for Daewoo Engineering & Construction (E&C), although they have not made any official announcement, sources familiar to this issue said Monday. Since the Korea Development Bank (KDB) posted a sales notice of its 50.75 percent stake in Daewoo E&C earlier this month, several companies have been mentioned as potential bidd...

Heavy industries | 2017-10-23 15:37

Naver's credibility comes under doubt

Naver is facing heavy public criticism for accepting on unfair solicitation to hide an online news article. The transparency of its online news portal and search engine services has also come into question. Naver CEO Han Seong-sook recently posted a written apology on the web portal. She admitted an official at the company’s sports news service department had accepted an unfa...

IT | 2017-10-23 18:37

'Lineage 2: Revolution' to debut in US, Europe next month

Netmarble Games will launch its mega-hit game “Lineage 2: Revolution” in 54 countries, including the United States and in Europe, Nov. 15, he company said Monday. The game will be available from Google Play Store and Apple's App Store in North America, Europe, Australia and the Middle East.

IT | 2017-10-23 17:10

Unmanned convenience stores become new normal

A steep hike in the minimum wage next year and technological advancement are prompting local retailers to operate unmanned convenience stores. According to industry officials, Monday, more retailers in Korea have begun running unmanned convenience stores by installing self-checkout machines which can replace part-time cashiers, most of whom receive the minimum wage. E-mart 24...

Light industries | 2017-10-23 10:37

Samsung dividends expected to rise

Samsung Electronics plans to unveil a shareholder return program later this month for next year as part of its efforts to improve shareholder value. The program is expected to include increasing dividend payouts and a share repurchase. The amount allocated for the two would surpass 20 trillion won ($17.6 billion) this year alone. On Oct. 31, Samsung is scheduled to report its third-quarter results, and after the announcement the tech giant will come up with the new shareholder plan for 2018 to 2020.

IT | 2017-10-23 17:24

Chemist develops key catalyst for future batteries

As many scientists and enterprises seek the next generation of energy storage devices, a new type of battery using metal and air has been considered a “dream battery” with cheap production costs and high capacity. A group of chemists in Korea, led by Ulsan National Institute of Science and Technology (UNIST) professor Kim Gun-tae, has succeeded in developing a key catalyst to...

Science | 2017-10-23 18:32

Assembly summons portal founders

Founders of the nation’s top two portal sites are on the hot seat as the National Assembly has urged them to attend a National Assembly audit later this month. The National Assembly’s Science, ICT, Broadcasting and Communications Committee said Sunday that it summoned Naver’s Lee Hae-jin and Kakao’s Kim Beom-soo for questioning on Oct. 30.

IT | 2017-10-22 17:44

iPhone 8 loses steam

The nation’s telecom companies may not hold a launch event for Apple’s iPhone 8 and the larger iPhone 8 Plus here, as the smartphone is struggling to generate the buzz its predecessors enjoyed. Two of the U.S. smartphone giant’s three new iPhones in its 2017 lineup are scheduled to go on sale on Nov. 3 through SK Telecom, KT and LG Uplus after starting to receive pre-orders, ...

IT | 2017-10-22 17:33

E-sports expanding to mobile games

Korea’s e-sports industry is extending its boundaries to the mobile sector on the back of explosive growth of mobile games here. From its early days in the late 1990s, the e-sports industry in Korea has long been led by online computer games such as Blizzard Entertainment’s “StarCraft” and Riot Games’ “League of Legends.”

Game | 2017-10-22 16:34

[INTERVIEW] A mission to rid the world of plastic

“Plastic is a design failure,” said a German-born designer from New York, who called on the world to find new, eco-friendly materials that can replace plastic to save the dying planet. Parley for the Oceans founder Cyrill Gutsch, who transformed his design company into an environmental organization in 2012, said until then he will try to keep plastic bottles and other waste f...

Light industries | 2017-10-22 15:01

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