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(News Focus) Samsung, LG likely to enter market-moving OLED supply deal

By Woo Jae-yeonSEOUL, May 17 (Yonhap) -- Samsung Electronics Co. and LG Display Co. reportedly sealed an organic light-emitting diode (OLED) display deal, rekindling years of speculation over a partnership that is sure to bring in major changes to th
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S. Korean startup Upstage unveils AI-powered solutions for businesses

By Kim BoramSEOUL, May 16 (Yonhap) -- Upstage, a South Korean startup, on Tuesday unveiled its artificial intelligence (AI)-powered solutions for businesses that provide automated document processing and individually-tailored search services.The Docu
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Kakao Pay suffers service disruption for 2 hrs

SEOUL, May 15 (Yonhap) -- Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., suffered a service malfunction for about two hours Monday, its operator said.The service failure started around 12:10 p.m. and continued until
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LG Electronics' TV factory runs at 75 pct operation rate in Q1 amid slow demand

SEOUL, May 15 (Yonhap) -- LG Electronics Inc. ran its TV manufacturing plant at around 75 percent in the first quarter, the company said Monday, amid slowing demand for home entertainment products.The tech company said in a regulatory filing the rate
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Kakao beats Naver in average salary for 3rd year: data

SEOUL, May 14 (Yonhap) -- Kakao Corp., a major South Korean tech firm, beat its rival Naver Corp. in terms of average wage for three consecutive years through 2022, data showed Sunday.Kakao, which operates the country's most popular mobile messen
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Gov't cancels SK Telecom's license for 28 GHz spectrum

SEOUL, May 12 (Yonhap) -- South Korea's ICT ministry said Friday that it has canceled the license for the new 28 gigahertz spectrum of high-speed 5G network owned by SK Telecom Co., South Korea's No. 1 wireless carrier, citing a lack of inves
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Nexon's Q1 net profit jumps 31 pct on strong sales

SEOUL, May 11 (Yonhap) -- South Korea's online gaming giant Nexon Co. said Thursday its net income jumped 31 percent for the first quarter from a year earlier amid strong sales.Net profit came to 507.1 billion won (US$381.9 million) for the Janua
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Com2uS swings to black in Q1 on equity sales

SEOUL, May 11 (Yonhap) -- Com2uS Corp., a South Korean online and mobile game publisher, said Thursday it swung to the black in the first quarter thanks to one-off gains from equity sales and stock investment.Net income came to 40.6 billion won (US$3
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(News Focus) Samsung faces serious competitor in fast growing foldable phone market

By Woo Jae-yeonSEOUL, May 11 (Yonhap) -- For the past few years, Samsung Electronics has been the dominant player in the global foldable smartphone market, where early tech adopters have lugged around small tablet-sized phones in exchange for creativ
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(Yonhap Interview) DeepL CEO says rising demand for Korean language leads to opening of translation service

By Kim BoramSEOUL, May 11 (Yonhap) -- Jaroslaw Kutylowski, founder and CEO of the neural machine translation service provider DeepL, has said demand for Korean language on the global stage is growing larger and faster amid the rising presence of the
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(2nd LD) NCSOFT Q1 net down 32.2 pct on sales slump

(ATTN: ADDS NCSOFT's stock price in last para)SEOUL, May 10 (Yonhap) -- NCSOFT Corp., a major South Korean online and mobile game developer, said Wednesday its first-quarter net income fell 32.2 percent from a year earlier due to sluggish sales.T
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(LEAD) NCSOFT Q1 net down 32.2 pct on sales slump

(ATTN: ADDS details throughout)SEOUL, May 10 (Yonhap) -- NCSOFT Corp., a major South Korean online and mobile game developer, said Wednesday its first-quarter net income fell 32.2 percent from a year earlier due to sluggish sales.The company logged a
NCSOFT Q1 net income down 32.2 pct to 114.2 bln won

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SEOUL, May 10 (Yonhap) -- NCSOFT Corp. on Wednesday reported its first-quarter net income of 114.2 billion won (US$86.2 million), down 32.2 percent from a year earlier.Operating income for the January-March period was 81.6 billion won, down 66.6 perc
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S. Korea's top mobile messenger KakaoTalk suffers brief service disruption

SEOUL, May 8 (Yonhap) -- KakaoTalk, South Korea's top mobile messenger, suffered a brief service malfunction Monday, its operator said.A messenger delivery failure and login error started at 1:35 p.m. and continued for 19 minutes, according to th
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Kakao Games' Q1 profit tumbles 85 pct due to one-off factor

SEOUL, May 3 (Yonhap) -- Kakao Games Corp., the gaming unit of South Korean tech giant Kakao Corp., said Wednesday its first-quarter net profit tumbled 85 percent due to an account loss from its investment in a local developer.Kakao Games logged a ne
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S. Korea unveils road map for digitally transformed country

SEOUL, May 2 (Yonhap) -- The South Korean government on Tuesday unveiled its road map to set up new social orders for the imminent digital era stemming from the integration of digital technology into all areas of the country.It is a follow-up to Pres
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(Yonhap Feature) UNIST building AVATAR system for teleoperated robots

By Kim BoramULSAN, May 1 (Yonhap) -- An avatar refers to an image that represents a computer user in online games and chat rooms.However, the term avatar has taken on a new meaning in the robotics field. It stands for an interActive and intuitiVe con
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Yoon meets with MIT scholars to discuss digital, bio technologies

By Lee Haye-ahBOSTON, April 28 (Yonhap) -- South Korean President Yoon Suk Yeol met with a group of scholars at the Massachusetts Institute of Technology (MIT) on Friday to discuss cooperation on digital and bio technologies.Yoon, who is on a state v
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LG Uplus to compensate customers for network failure

SEOUL, April 28 (Yonhap) -- LG Uplus Corp., South Korea's No. 3 mobile carrier, said Friday it will compensate more than 4 million customers for a network disruption caused by distributed denial-of-service (DDoS) attacks earlier this year.The com
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Google's removal policy applies universally in world, including S. Korea

By Kim BoramSEOUL, April 27 (Yonhap) -- Google's policy to respect local laws and culture when removing harmful, illegal content from its platforms, like YouTube, applies universally to creators and uploaders across the world, including in South