Articles by Jie Ye-eun
Jie Ye-eun
yeeun@heraldcorp.com-
Kakao’s Q1 profit halves due to aggressive investment
Kakao, the operator of South Korea’s No. 1 messenger app, KakaoTalk, said Thursday that its first-quarter operating profit had tumbled by more than half due to increased investment in infrastructure and promising businesses. The IT giant’s operating income came to 71.1 billion won ($53.6 million) in the January-March period, dipping 55.2 percent from 158.7 billion won marked a year ago. Net profit nosedived 93.4 percent on-year to 87.1 billion won, according to Kakao in a regulatory
Technology May 4, 2023
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LG CNS, Microsoft Korea bolster security business ties
Information technology service provider LG CNS said Wednesday it will accelerate business cooperation in the IT security sector with the Korean unit of US tech behemoth Microsoft. The Korean firm said it became Microsoft’s managed security service provider, offering integrated security solutions from consulting to operations. Microsoft considers a firm’s security business capabilities and growth potential to determine its MSSP partner qualification. The news came after the top manage
Technology May 3, 2023
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Samsung Electronics may face 1st labor strike over wage deadlock
Samsung Electronics could face its first-ever labor strike as unionized workers have secured the right to legally conduct a walkout after wage talks between the tech giant and unionists fell through. According to industry sources Wednesday, Korea’s National Labor Relations Commission, a government agency under the Labor Ministry, held a steering session to arbitrate the wage deal a day earlier but ended up deciding to stop the talks due to an unbridgeable gap. The Tuesday meeting marks t
Technology May 3, 2023
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Telecom carriers, BMW launch 1st data plan for cars
South Korea's three largest mobile carriers -- SK Telecom, KT Corp. and LG Uplus -- said on Tuesday that they will launch the country’s first personal embedded subscriber identity module (eSIM) data plans for BMW vehicles. While the German luxury carmaker’s 7 series and above already feature fifth-generation connectivity via eSIM, the new data plans will enable backseat passengers to enjoy a variety of mobile content through built-in monitors without a separate physical chip, ac
Technology May 2, 2023
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Samsung eyeing 25% cut in chip production: analysts
Samsung Electronics is expected to cut its memory chip production by up to 25 percent in an effort to ease inventory woes, according to analysts on Sunday. The projection comes after the world’s largest memory chip maker hinted on an earnings call last week that it would start cutting production of legacy products for which it had already secured sufficient inventory to meet mid- to long-term demand. At the time, the company did not specify the reduction scale. Following the announcement,
Technology April 30, 2023
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LG beats Q1 earnings estimates, outpaces Samsung for 1st time
Despite the global economic downturn, LG Electronics announced surprise earnings for the January-March period, outpacing its crosstown rival Samsung Electronics' financial result for the first time in more than a decade. In a regulatory filing on Thursday, the consumer electronics giant said its operating profit for the first quarter was 1.5 trillion won ($1.12 billion), down 22.9 percent from a year earlier. It has become the company’s second-highest profit for the January-March pe
Technology April 27, 2023
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Samsung posts worst quarterly earnings in 14 years
Samsung Electronics, which posted its worst quarterly earnings in 14 years amid weak demand and falling chip prices, said it expects a gradual recovery in the second half of the year as the effects of production cuts kick in from the following quarter. In response, the world's largest memory chip and smartphone maker plans to increase the proportion of advanced processes and high-value-added products and continue to invest in securing future technologies. “We are in the process of red
Technology April 27, 2023
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Apple still in need of Korea-made displays despite production push
US tech giant Apple will likely continue its reliance on Korean-made displays, although it has been making a “sweeping effort” to develop its own components for more direct control over its designs, a report showed Tuesday. According to a report released by the Institute for Information & Communications Technology Promotion, Apple is expanding its use of in-house components such as chips and displays in its flagship iPhones as part of a strategy to maintain its dominance in the m
Technology April 25, 2023
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LG wins ISO certification for open-source software security assurance
LG Electronics said Friday that it has been recognized as complying with the global standard for its open-source software security management system by a globally renowned nonprofit organization. The South Korean tech giant was accredited by Linux Foundation’s OpenChain Project as the first firm in the global industry to certify the ISO/IEC DIS 18974 standard, the key requirements of a quality open-source security assurance program, LG officials said. The company met all 30 security cert
Technology April 21, 2023
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S. Korea to spend W560b to promote software sector this year
South Korea will invest over 560 billion won ($422.6 million) to foster software development companies and experts, with the goal of accelerating the country's push for digital innovation, the Science Ministry said. The Ministry of Science and ICT announced its plans for advancement of the software industry at an economic meeting Friday, intending to build on the fundamental strength of digitization and support the sector’s overseas expansion. Its yearly budget for the project stands
Technology April 21, 2023
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Is Google Korea no longer dream workplace?
Google’s biggest round of layoffs across its global operations has forced workers into a game of chance to keep their jobs. Amid escalating job insecurity, a labor union has been set up at the Korean unit to organize some 850 workers and speak out their concerns. “With the ongoing job cuts within the US tech industry, employees have been concerned about their job security and decided to establish a union,” Kim Jong-sub, head of the Google Korea union, said upon its launch earli
Technology April 20, 2023
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Samsung reclaims No. 1 ranking in global smartphone sales
Samsung Electronics has regained the top spot in the global smartphone market in the first quarter of this year, slightly outpacing its archrival Apple, the No. 1 in the previous quarter, a report showed Wednesday. In the January-March period, Samsung held a market share of 22 percent, followed by Apple with 21 percent, according to the report released by market tracker Canalys. The South Korean tech giant was the “only leading vendor” to achieve a quarterly jump during the first thr
Technology April 19, 2023
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Samsung may ditch Google for Bing
Speculation is growing that Samsung Electronics may be ditching its close ties with Google by replacing the default search engine for its flagship Galaxy devices with Microsoft’s Bing which has been upgraded with OpenAI’s powerful chatbot, ChatGPT. According to industry sources and media reports on Tuesday, Samsung was considering switching to Bing last month, putting roughly $3 billion in annual revenue at risk for Google. Citing internal documents, the New York Times reported that
Technology April 18, 2023
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[KH Explains] Why Galaxy Watch won't support Samsung Pay in Korea for some time
The highly publicized debut of Apple Pay last month has prompted unexpected calls in South Korea for Samsung Pay to be usable with the Galaxy Watch. Apple Pay became available in March here nearly a decade after its debut in the US in 2014. All Apple mobile devices, including iPhones and Apple Watches, support the new feature based on near-field communication technology. Amid the buzz surrounding Apple Pay, a growing number of Galaxy Watch users are now wondering why they cannot use Samsung Pay
Technology April 17, 2023
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SpaceX seeks tie-up with telecom carriers
US space firm SpaceX, which is set to launch its low-orbit satellite communication service in South Korea within the second quarter, is seeking to work with the major telecom operators here, sources told The Korea Herald Monday. The Elon Musk-owned firm, approaching SK Telecom, KT Corp. and LG Uplus separately, had offered to sell its satellite internet network service, Starlink, to the telecoms firms, the sources said. The contract terms were not disclosed due to a nondisclosure agreement. As t
Technology April 17, 2023
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