DotConnect, the world's first blockchain-based distributed network VANTA service provider designed for a hyper-connected society, said it signed a strategic partnership with global IT firm Microsoft on April 26 to develop and supply various services.Through its partnership with Microsoft, VANTA

Netmarble's "The King of Fighters All-Star" has been listed on the Apple's App Store and Google Play Sales Top 5 just four days after its release.According to the mobile app market analysis site, the game is ranked No. 1 and No. 4 in sales, respectively, on the morning of May 13 at Apple'

Samsung Electronics has yet to finalize the release date of its foldable smartphone Galaxy Fold, which was postponed due to the controversy over a screen defect. Some predict that it will take some time to strengthen quality as screen glitches are more serious than expected."We are making progress i

Ng Keng Hooi, CEO and chairman of AIA Group, the largest life insurer in the Asia-Pacific region, visited Seoul to meet with SK Group Chairman Chey Tae-won and discuss cooperation measures to create shared values and strengthen social values.The two business leaders, who met at SK Telecom's head

Police summoned Kim Hyo-joon, 62, chairman of BMW Korea, on May 10 over allegations that he was involved in a controversial BMW vehicle defect which caused a series of fires last year and concealment scandal.The Seoul Metropolitan Police Agency summoned Kim earlier in the day as a suspect in the all

Samsung Electronics today announced that it has received the ISO 26262 certification for functional safety in automotive components from TÜV Rheinland, a globally renowned third-party testing, inspection and certification company. The accreditation of Samsung’s new functional safety management syste

The "Game Payment Limit" regulation, which bans adults from paying more than 500,000 won a month in PC games, is expected to be abolished within the first half of this year. Culture, Sports and Tourism Minister Park Yang-woo held a meeting with officials from the gaming industry and related associat

Have you ever heard the patriotic explanation that angko (red bean sauce in Japanese) was pulled out from the steamed buns because it was originated from Japanese? (Steamed bun without angko is, in meaning, equivalent to the earth without sun.) Have you ever heard of banning perishable angko in orde

Regarding allegations that Korea National Oil Corporation (KNOC) is involved in violations of sanctions imposed by the U.N. and the U.S. against North Korea, the corporation said, "It is groundless."Recently, a media outlet reported that a logistics company, whose biggest shareholder is KNOC, has sh

Mercedes-Benz Korea, which caused controversy over its emission gas rigging, is under intense tax investigation by tax authorities, according to a May 9 report of etoday.The National Tax Service (NTS) dispatched agents from the International Trade Investigation Bureau of the Seoul Regional Tax Offic

Prosecutors investigating Samsung BioLogics (Samsung Bio)' alleged accounting fraud worth 4.5 trillion won requested an arrest warrant on May 8 for two executives of Samsung Electronics Co.'s security advancement TF (Task Force) for their involvement in concealing accounting data.It is the f

Amid Samsung's alleged systematic destruction of evidence in the investigation into Samsung BioLogics' accounting fraud, some point out that Samsung is above the law as it has been sanctioned several times in the past for obstructing the Fair Trade Commission (FTC)'s investigative activi

JW Holdings said on May 9 that it has been proven new to the technology for early diagnosis of pancreatic cancer by the Chinese Patent Office. It acquired a Chinese patent for the world's first "multi-bromarker diagnostic kit" source technology, which can detect pancreatic cancer early only thro

NH (Nonghyup) Bank announced on May 8 that it held a ceremony at Lotte New York Palace Hotel on May 7 (local time) for the financing of a power plant project in Niles, the United States worth $590 million.The project calls for building and operating a 1,085-MW gas combined thermal power plant with a

Sales of Hyundai and Kia Motors plunged 30 percent in April in the Chinese market, where they are undergoing restructuring due to sluggish sales.According to Hyundai and Kia Motors on May 8, the retail sales of Beijing Hyundai, the local joint venture of Hyundai Motor, fell 34 percent from the same

Rep. Park Yong-jin of the ruling Democratic Party of Korea claimed on May 7 that the Supreme Court's ruling on the bribery case of Samsung Electronics Vice Chairman Lee Jae-yong should be made after the prosecution's investigation into the Samsung BioLogics accounting fraud case."Samsung Bio

KT, Samsung SDS and Shinsung E&G signed an MOU on May 7 for cooperation in 5G Smart Factory business at the Shinseong Engine plant in Yongin, Gyeonggi Province and agreed to push for commercialization of 5G smart factory and the Internet of Things for industrial use.Under the MOU, the three companie

The National Tax Service (NTS) has launched a tax probe into Samsung Life Insurance. It is the first time in five years since the tax probe in 2014. Samsung Life Insurance has been under a tax probe organized by the National Tax Service since April 29.The tax probe is a regular tax audit that is nor

Mgame introduced its schedule for EOS-based blockchain game portal "EOS Royal" and game contents, which are scheduled to be released in May, and the test site screen shots for the first time on April 3.Mgame's blockchain game portal "EOS Royal" will be based on EOS, which maintains a solid ecosy

Zilliqa’s smart contract platform leveraged to automate the programmatic supply chain, enhance efficiency and make it 100% transparentNext phase will see integration of payments to publishers and inclusion of more performance metrics in smart contracts.Asia Pacific, May 6, 2019 - Mindshare, the medi