KakaoTalk, South Korea’s immensely popular messaging app, has raised nearly 2.6 trillion won ($1.8 billion) in advertising revenue over the past 1 1/2 years, antitrust data showed Friday. According to data submitted by the Fair Trade Commission to Rep. Kang Min-guk of the People Power Party, KakaoTalk’s revenue from its ad platform Talk Biz amounted to 2.558 trillion won until the second quarter...

South Korean stem cell research company Miracell said Friday it had published the clinical trial results of a new regenerative skin stem cell therapy at a recent conference hosted by the IMCAS held in Bangkok. The clinical trial was conducted on a patient with psoriasis, a skin disease that is generally treated with steroids, but has a tendency to recur over time. The patent was found to have c...

The world is shifting toward a world of Web 3.0, the emerging blockchain-based platform, and the new era will drastically change the way people live, according to chairman of BOSagora Foundation Kim In-hwan, who spoke at The Korea Herald Biz Forum held at Four Seasons Seoul on Wednesday. As Web 3.0 moves away from having a central authority that governs the operations of the web, it will utilize...

A recent report showed Monday that people in South Korea consume ramen 1.7 times a week on average, with Nongshim’s bestseller Shin Ramyun being the top pick. The report, published by the Korea Agro-Fisheries & Food Trade Corp., is based on a survey conducted on 500 people aged between 15 and 65. By gender, men and women ate ramen 1.8 times and 1.5 times per week, respectively. Men in their 20...

The longest-ever server outage for KakaoTalk, the nation's most popular messenger app, and its affiliated services, is prompting people here to seek alternatives, according to data on Sunday. As of 3 p.m. Sunday, the top downloads on Apple's app store were alternatives for Kakao's popular apps. Naver's messaging app Line topped the list, rising six steps since Saturday, while taxi reservation a...

A fire Saturday at a Kakao data center in Pangyo, south of Seoul, has led to a server outage affecting the KakaoTalk messenger app, along with other apps such as Kakao T, Kakao Map, Kakao Metro, Kakao Webtoon, Kakao Bank, Kakao-owned portal Daum and music streaming service Melon. The internet connection for the apps has been unavailable since 3:30 p.m. "There has been a fire at SK C&C data cent...

South Korea's leading refiner SK Innovation celebrated 60 years since its foundation with a new climate initiative to become more carbon-free on Thursday. The company said it would go beyond achieving its 2050 net-zero goals, pledging to drastically reduce its carbon emissions across all workplaces by 2062, its 100th anniversary. Under a new initiative, called "All Time Net Zero," the company a...

South Korean wireless telecommunications operator SK Telecom, which operates its own metaverse platform called ifland, said Wednesday it signed a deal with United Arab Emirates’ top telecommunications carrier e& Group to provide its metaverse service to Middle Eastern countries. Under the memorandum of understanding, South Korea’s leading telecommunications carrier will be developing an optimal ...

Made in collaboration with LG’s telecom carrier unit LG Uplus, such "automated guided vehicles" are the first in the world to roam around with stuffs loaded while providing fifth-generation internet connection in a manufacturing factory. The automated manufacturing processes are further overseen by LG’s own “digital twin” monitoring system. The system utilizes artificial intelligence and big dat...

The first-ever expo for electric and autonomous driving agricultural machinery will be held from Nov. 8 to 10 in Jeju, according to the expo organizing committee Sunday. Officially titled ‘IEVE : The 1st Electric and Autonomous Agricuture,' the expo is co-hosted by the International Electric Vehicle Expo, Korea Global EV Association Network, Jeju Special Self-Governing Province and the Korea Agr...

Hyundai Engineering said Tuesday that it is planning on expanding its corporate social responsibility projects to support the disabled and low-income households. Under the plan, the firm, which has been conducting charity drives with the Goodwill Store since 2017, a rehabilitation facility for the disabled, will provide educational services, repair low-income residents’ houses and establish a co...

SPC Group has opened three more Paris Baguette stores in Paris this year to expand its business in the European market, the South Korean food and beverage giant said Tuesday. The latest Paris Baguette store is set to open in Montparnasse, a major commercial district in the southern part of Paris on Tuesday, local time. The opening of Paris Baguette Montparnasse branch follows two branch opening...

Leading refiner SK Innovation said on Monday it held a tree planting ceremony for SK Ulsan Forest of Happiness, in celebration of the company’s 60th year anniversary on Monday. The ceremony, held in light of the company’s initiative to achieve net-zero emissions, was held in the forest fire-damaged area of Ulju. The company will be planting 180,000 wild cherry trees in 60 hectares of land there ...

A new nature-friendly camping site run by Kumho Resort, a leisure unit of Kumho Petrochemical, has made a successful debut in July, the company said Sunday, adding that the company would invest more to expand the business. "We will continue our investments in Asan Spafore so that the camping site can become a leading glamping site," said Kumho Resort CEO Kim Sung-il. "We will listen carefully t...

Citigroup’s Korean unit Citibank Korea explained the bank's foreign exchange solutions and its outlook on the e-commerce market during an e-commerce industry seminar Thursday. During the seminar, model cases of FX solutions and digital payments that used Citibank's global network, were introduced. Aman Singh Chadha, the bank's regional head of e-Commerce financial products and head of eFX Solut...