What SK Telecom USIM leak means for you

SK Telecom, South Korea’s largest telecommunications provider, confirmed on April 22 that its internal systems were breached in a hacking attack, raising concerns over a possible data leak involving universal subscriber identity module (USIM) cards. As public anxiety continues to grow, the company has rolled out a three-tier protection plan that includes an upgraded fraud detection system, its existing USIM protection service and free USIM card replacements upon request. Since the free replaceme

May 4, 2025

Trump Jr. taps Korean tycoons in Seoul visit

Donald Trump Jr., the eldest son of US President Donald Trump, held a series of closed-door meetings with around 20 business leaders from Korean conglomerates on Wednesday, during a private visit at the invitation of Shinsegae Group Chairman Chung Yong-jin. According to industry sources, Trump Jr. met with business figures including Hanwha Group Vice Chairman Kim Dong-kwan, Hanwha Life President Kim Dong-won, Hanwha Hotels & Resorts Vice President Kim Dong-seon, Lotte Corp. Executive Vice Presid

April 30, 2025

Why Apple’s foldable iPhone creates dilemma for Samsung

As Apple's foldable iPhone development gains momentum, Samsung Electronics finds itself facing more complex strategic situations. For Samsung, which has led the foldable smartphone market so far, the US archrival's entry represents both an opportunity to expand the market and the prospect of fierce competition over market share. For its sister firm Samsung Display, expectations are rising as it is set to exclusively supply foldable panels to Apple. According to industry sources on Wednesday, App

April 30, 2025

Samsung Display unveils brand identity for QD-OLED tech

Samsung Display said Tuesday that it has unveiled a new brand identity for its quantum dot organic light-emitting diode technology, and is preparing to file a trademark application for it. The brand identity visualizes the letter “Q” from QD-OLED, incorporating a blue hue representing the blue OLED material and a gradient that symbolizes the technology’s expansive color spectrum. First introduced in late 2021, QD-OLED technology has been recognized for delivering superior picture quality compare

April 29, 2025

LG CNS posts record Q1 earnings on cloud, AI growth

Korean IT solutions provider LG CNS said that on Monday, it achieved its highest-ever first-quarter sales and operating profit, driven by the accelerating adoption of cloud and artificial intelligence solutions across industries. Its first-quarter sales reached 1.21 trillion won ($840 million), an increase of 13.2 percent compared to a year earlier. Operating profit came in at 78.9 billion won, up 144.3 percent from a year ago. The IT solutions provider said its sales have continued to grow stea

April 28, 2025

Naver, Kakao bolster map services to counter Google’s data export push

As Google seeks regulatory approval to export high-precision map data from Korea, local IT giants Naver and Kakao are ramping up their efforts to reinforce their map services -- both in functionality and user experience -- in a strategic push to defend their home turf. “Google appears to be taking an aggressive stance. Coupled with the trade tensions sparked by the Donald Trump administration in the US, the situation has become challenging for local companies. Domestic map application developers

April 27, 2025

SKT apologizes for hacking breach, offers free USIM replacements

SK Telecom Chief Executive Officer Ryu Young-sang apologized Friday for the recent hacking incident involving the partial leakage of customers' universal subscriber identity module information, pledging to reinforce security measures and replace all customers’ USIM cards. “We sincerely apologize to our valued customers and the public for the significant concern and inconvenience caused by this incident,” Ryu said in a press conference at the company’s headquarters in central Seoul. “As an additi

April 25, 2025

LG posts record Q1 sales backed by strong B2B performance

LG Electronics said Thursday it has recorded its highest-ever first-quarter sales, driven by growth in its business-to-business sector, including the vehicle components and heating, ventilation, and air conditioning businesses. The tech giant reported sales of 22.74 trillion won ($15.9 billion) and an operating profit of 1.26 trillion won. This marks the first time the company’s first-quarter sales have surpassed 22 trillion won, setting a new record. LG’s first-quarter performance barely met lo

April 24, 2025

Trump Jr. to visit Korea next week at invitation of Shinsegae chairman

Donald Trump Jr., the eldest son of US President Donald Trump, is scheduled to visit South Korea next week on what will be his first trip to the country since the inauguration of the second Trump administration, according to industry sources Thursday. Trump Jr. is visiting at the invitation of Shinsegae Group Chair Chung Yong-jin, who reportedly extended the offer during a recent visit to Mar-a-Lago, President Trump’s private residence in Palm Beach, Florida. According to sources, Chung conveyed

April 24, 2025

High-end modules drive LG Innotek's record Q1 sales

LG Innotek said Wednesday it has logged the highest-ever first-quarter revenue, defying typical seasonal downturns thanks to robust sales of high-end camera modules, a rebound in demand for substrates used in semiconductors and displays, and favorable exchange rate conditions. The electronic component manufacturer posted 4.98 trillion won ($3.5 billion) in revenue for the January-March period, marking a 15 percent on-year increase. The figure exceeded the 4.45 trillion won consensus by local ana

April 23, 2025