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Wed, April 25, 2018 | 03:00

Elliott reveals intent toward Hyundai Motor

Activist hedge fund Elliott has revealed its true reason for holding a significant stake in Hyundai Motor and its affiliates: realizing capital gains by pressuring the carmaker to take steps to bolster shareholders' interests.

Automotive | 2018-04-24 16:56

'AI tech enables game firms to offer tailored services'

Artificial intelligence (AI) and big data technologies are the optimal means for game developers to offer the most tailored services to suit a user's taste, an executive of one of the country's longtime online game giants said, Tuesday.

IT | 2018-04-24 17:07

SK hynix sees operating profit jump 77% in first quarter

SK hynix posted a 77 percent increase in first-quarter operating profit compared with a year earlier, the memory chip maker said Tuesday. Increasing demand for memory chips led to 8.72 trillion won ($8.11 billion) in revenue, 4.37 trillion won in operating profit and 3.12 trillion won in net income, the company said.

IT | 2018-04-24 20:54

SK Telecom unveils blockchain blueprint

SK Telecom will launch a new asset management platform powered by blockchain technology in a bid to increase customer convenience. Oh Se-hyeon, executive vice president at SK Telecom's blockchain business unit, said Tuesday the mobile carrier will look into a new kind of transaction platform with blockchain technology. She added the payments system will be its own platform.

IT | 2018-04-24 20:57

Tug-of-war begins between GM, Korea Development Bank

GM Korea continues to face a bumpy road ahead until it gets itself back on track as its two largest stakeholders - General Motors and the Korea Development Bank - square off over the details of the rescue plan for the troubled automaker. General Motors is demanding the state-run bank confirm its investment in its struggling Korean unit by April 27, while the KDB says it will ...

Automotive | 2018-04-24 19:30

KT, SK Telecom to showcase 5G tech at inter-Korean summit

KT and SK Telecom are set to use the upcoming inter-Korea summit, scheduled for Friday, as a marketing venue to showcase their fifth-generation (5G) network technologies.

IT | 2018-04-24 17:10

Glasses, nail art take off for Jeju Air crew

Jeju Air has broken a long tradition of the South Korean airline industry that strictly controlled flight attendants' appearance - by allowing them to wear glasses and nail art.

Heavy industries | 2018-04-24 14:51

Pay TV losing subscribers to video streaming

Korea's pay TV channels are losing their subscribers, especially among the younger generation and one-person households, while a growing number of users are opting for video streaming services. According to recent research by the state-run Korea Information Society Development Institute, on March 31, the service termination rate of the pay TV channels reached 6.86 percent las...

IT | 2018-04-23 20:39

Hyundai Group in spotlight amid improving inter-Korean ties

The stock prices of Hyundai Group companies are rising as investors are finding improving relations between the two Koreas will bring momentum to the group, which has a history of pioneering businesses in North Korea.

Inter-Korean summit 2018 | 2018-04-23 16:40

KT named as official telecom provider for Korea summit

KT was chosen as the official telecom service provider for an upcoming summit between the two Koreas.

IT | 2018-04-23 17:02

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Missile attack on Syria