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Biz & Tech

Sun, May 9, 2021 | 07:03

Korea to expand investment, tax incentives for chip sector

South Korea said Friday it plans to expand investment and tax incentives for the semiconductor segment in line with efforts to foster the non-memory chip industry and cope with the global supply shortages of automotive chips. "To cope with the supply shortages in the automotive chips, we plan to focus on expanding support for the 8-inch wafer foundry industry," new Industry M...

2021-05-07 15:22

Lawsuit filed against Samsung, SK in US

Samsung Electronics, SK hynix and Micron Technology, which control nearly 100 percent of the global dynamic random access memory (DRAM) market, faced a U.S. court over their alleged involvement in DRAM price fixing.

Kim Yoo-chul | 2021-05-07 13:08

Overseas sales to go into double digits this year: Kakao

Kakao said Thursday it expects sales generated overseas to account for double digits in the proportion of its total sales for this year, as it accelerates growth in the entertainment content business. "We expect to be able to show Kakao's sales being diversified to overseas sources this year," CEO Yeo Min-soo said in a conference call on the company's first-quarter earnings.

Kim Bo-eun | 2021-05-06 16:38

Samsung downplays 'tech manipulation'

With the competition for chip refinement processes reaching a breaking point, market competition between memory chip king Samsung Electronics and U.S. chipmaker Micron seems to be heating up over how small they can make their DRAM memory chips.

Baek Byung-yeul | 2021-05-06 16:37

Samsung takes detour to support automotive chips

Korea moving to cut corporate tax, ease regulations for chip companies

The ruling Democratic Party of Korea's (DPK) proposed bill to support the local semiconductor industry - a Korean version of the Special Chip Act - will include a corporate tax rate cut and various deregulation measures to encourage firms to invest more in production facilities, according to sources from the party and government officials, Wednesday.

Baek Byung-yeul | 2021-05-05 17:42

[Reporter's Notebook] Why KT should consider canceling treasury stocks

For years, angry shareholders have been creating a scene at KT's general shareholders' meetings held every March. This is because the telecom company's stock has been on a downward trajectory since May 2013 when it peaked at 41,250 won.

Kim Bo-eun | 2021-05-05 15:47

Kakao trying to 'duplicate' Amazon's business model

Kakao, the country's biggest mobile messaging app operator, is speeding up its mission to “duplicate” the business model of U.S.-based e-commerce titan Amazon, in an attempt to establish a business empire encompassing online shopping, online comics and novels, media content and logistics, industry analysts and officials said Tuesday.

Baek Byung-yeul | 2021-05-04 17:01

SKT, KT, LG going all-out to boost corporate value

Mobile carriers are going all-out to boost their corporate value and cut their heavy dependence on the already-saturated and not-so-lucrative, conventional telecom-centric businesses.

Kim Bo-eun | 2021-05-04 16:33

Verizon sells internet trailblazers Yahoo and AOL for $5 billion

AOL and Yahoo are being sold again, this time to a private equity firm.

2021-05-04 14:43

[Reporter's Notebook] Netflix's freeloading should end

Netflix's earnings in Korea spiked last year, as people flocked to online-based home entertainment amid the COVID-19 pandemic.

Kim Bo-eun | 2021-05-03 16:47

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