TriBeluga, a Chinese start-up incubation center, said it will “spare no effort” in supporting South Korean tech start-ups seeking to make inroads into China’s environment, health care and education sectors. Lili Luo, president and founder of TriBeluga, said the incubator will not only provide seed money to early-stage innovative start-ups, but also help them grow via initial public offerings or mergers and acquisitions, two key factors that determine the success and sustainability of start-ups.“

The following is the fourth in a series of articles on the creative green economy, which focuses on generating new growth engines and was initiated by the Park Geun-hye administration and the Ministry of Environment. ― Ed.Saving energy to sustain the environment is not an easy task.People will have to break old habits or thinking, and adapt to a new lifestyle as a start.But with the right tools and appliances, they can learn to efficiently manage energy at home or office, which would start a pos

Blind, an anonymous mobile message board developed by startup Team Blind, is quickly changing the way communication takes place in corporate offices.First launched in 2013 as an exclusive service for employees of Korean Internet giant Naver, Blind message boards are made upon the request of employees of the same company or of the same industry sector.Since the message board is accessible only to those from the same firm or same industry, the subjects discussed on the board are mostly linked to t

KakaoTalk, South Korea’s most-used messenger app, has once again become the center of national attention, stirring up controversy over its announcement that it would not accede to laws allowing authorities to inspect its user data.The issue over the platform’s privacy policy has split the nation, with some people posting online comments that its new security measures have been long overdue, while others accused it of arrogance and believing that it can operate above the law.The legal community,

Homeplus, one of South Korea’s largest grocery chains, will have to explain during a parliamentary inspection what seems like an intentional leakage of its customers’ private information to third parties.Its alleged wrongdoings come at a time when public criticism is growing against the country’s weak security protection systems, following a series of information theft, leaks and monitoring.Homeplus executives, including chief executive Do Sung-hwan, as well as its multinational owner U.K.-based

The outbreak of the deadly Ebola virus appears to be having its toll on South Korea as it prepares to greet thousands of government officials and corporate executives later this month for the world’s biggest information technology meeting for members of the Geneva-based International Telecommunications Union. The government is seeking to take precautionary measures, but at the same time seems to be treading lightly to avoid tension with other ITU member countries. The dilemma surfaced when repor

SK Telecom said Wednesday that together with Samsung Electronics it has developed a technology enabling real-time mobile broadcast streaming, and has successfully demonstrated it on Long Term Evolution networks for the first time ever. South Korea’s largest mobile carrier and the tech giant applied the next-generation MPEG media transport, which has emerged as the standard video data transfer technology, to develop the so-called True Real Time Mobile Streaming.“The True Real Time Mobile Streamin

IMJADO, South Jeolla Province ― KT, South Korea’s largest telecommunications company, has realized its “GiGAtopia” vision on this island off Korea’s southwest coast.After developing the necessary infrastructure for faster Internet connections over the last three months on Imjado, the telecom giant has enabled the island’s citizens to easily access information, view high-quality content and receive health care services.KT said Tuesday that the establishment of the so-called GiGA Island here was o

Samsung Electronics said Monday that it would invest about 15.6 trillion won ($15 billion) to build a chip plant in an industrial complex in Pyeongtaek, Gyeonggi Province.The South Korean tech giant will begin construction on the plant’s first manufacturing line on a 790,000-square-meter plot of land inside the 2.83-square-kilometer complex in the first half of next year. It will start producing chips in the second half of 2017.This marks the company’s biggest investment in chip production facil

Daum Communications and Kakao Corp. have joined forces and are looking ahead to an era in which everything is connected to the Internet.After five months of consolidating the two entities and their corporate cultures, the newly merged 12 trillion won ($11 billion) company will henceforth be called Daum Kakao.With a new black-and-white logo and the new slogan “Connect Everything,” Daum Kakao chief executives Choi Sae-hoon and Lee Sir-goo say the company aims to grow as a platform service provider

On Oct. 1, South Korea will enforce a revised law governing the sales and subsidies of mobile devices such as smartphones in an effort to eradicate long-standing malpractices by telecommunications operators.Consumers will no longer be discriminated against on the basis of age, place of residence or monthly subscription plan when using their existing mobile phones, buying a new phone or switching their mobile carriers.Everyone, regardless of their class and status, will be entitled to a subsidy s

CrucialTec, a biometric sensor tech company, and Danal, a mobile payment solutions provider, have formed a joint venture called BioPay.CrucialTec said Tuesday that the two companies would use each other’s technological resources to provide secure financial settlement and authentication solutions and services through the venture.The two tech companies previously partnered to develop a fingerprint recognition payment solution, called BioME, Danal noted.Danal is currently seeking partnerships with

KT, South Korea’s largest telecom company, said Monday that it would offer high-quality, expanded services and benefits to customers next month in line with the country’s revised law governing the market distribution of devices such as smartphones.KT said that it would launch an application, called Olleh Family Box, that allows members of the same family who use KT mobile services to freely share monthly data and membership reward points. Leftover data will be rolled over to the following month.

LG Electronics launched Friday a promotional event for its premium Bluetooth headset, the LG Tone Plus, near Gangnam Station in southern Seoul.The electronics giant said that it had set up an experience zone in the area, enabling people, especially office workers, to try out the wearable product and its features, as well as test its sound quality during the lunch break. It offers gifts and prizes such as free coffee coupons and monthly free online music tickets to those who participate in the LG

SK hynix CEO Park Sung-wook (third from left) and others pose in its new memory chip plant in Chongqing, China, Friday. (SK hynix)SK hynix, the world’s second-largest memory chip maker, said Friday that it had completed the construction of a plant for flash memory chip packaging and testing in Chongqing, southwest China.The $250 million plant, which has some 1,200 workers, is capable of assembling and testing 80 million 16-gigabyte NAND flash chips for mobile devices a month, the Korean company

There was nothing but mud in Songdo, Incheon, some 60 kilometers south of Seoul, when South Korea ambitiously set out to reclaim the land and transform it into a free economic zone in 2003.Now with high-rise buildings, inflows of foreign capital and infrastructure linking it with major roads, ports and an international airport, the Incheon Free Economic Zone, which also includes Yeongjongdo Island and Cheongna International City, seeks to make another leap by becoming a global hub for businesses

Samsung Electronics said Wednesday that sales of its new hybrid device, the Galaxy Note 4, will roll out in South Korea through the country’s three mobile carriers on Friday.The premium 5.7-inch phablet with a quad HD super AMOLED display, which was introduced at the IFA trade show early this month in Berlin, will then hit shelves in China and 140 countries by the end of next month.The price of the Galaxy Note 4, which will be available in Charcoal Black, Frost White, Bronze Gold and Blossom Pin

With the world economy seeing a rapid increase in trade, both public and private enterprises are finding it necessary to better manage their supply chains and logistics using information technology.Samsung SDS, South Korea’s IT solutions giant, seeks not only to help them improve their logistics and inventory management systems, but also to efficiently manage risks against natural disasters and unpredictable economic downturns.The company said Tuesday that its advanced solution, called Cello, en

Cisco Systems Korea said Monday that it has launched new integrated servers that can perform rapidly and efficiently with Intel’s fast processing power.The product called the Unified Computing System M-Series Modular Servers, which not only optimizes users’ storage capability but also that of networking and database management, has been made to perform tasks and applications fit under cloud and virtualization computing systems.The Korean unit of the U.S. network equipment giant added that the se

LG Chem, South Korea’s materials and battery giant, said Sunday it had sealed a deal to supply lithium-ion batteries to Energiequelle, a Germany-based renewable energy management and services provider.LG Chem’s batteries will be used in Energiequelle’s energy storage system to distribute electricity generated by clean energy sources from wind, solar and biomass power plants in Feldheim, Brandenburg.The company said it would install its 10.8 MWh batteries by the end of the first quarter of next y