Domain: koreatimes.co.kr
Stories and comments across the archive that link to koreatimes.co.kr.
Stories · 20
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Korea Plans To Tax Google, Apple and Amazon (koreatimes.co.kr)
An anonymous reader quotes a report from the Korea Times: The government will move quickly to impose taxes on Google, Apple, Amazon and other global IT companies. This follows policymakers and lawmakers paying greater attention to growing criticism that the firms earn billions of dollars in sales here annually but pay no taxes. Naver, Kakao and other domestic companies have been complaining for years about "an uneven playing field," arguing their foreign rivals should pay corporate income tax on the revenue they generate in Korea. Under the law, the government is unable to tax global companies as it is not mandatory for them to disclose their sales and operating profit here. The Corporate Tax Act stipulates that global companies must pay taxes when they have fixed places of business in Korea. This law has provided global companies with an excuse to avoid taxes while they expand their businesses rapidly here as their bases are established in other countries such as the United States, China and Ireland. Ahn Jeong-sang, a policy advisor to the ruling Democratic Party of Korea, said: "Under the current law, preliminary or ancillary places of business are not regarded as global companies' offices in Korea, and this has played a role in their tax avoidance. Considering the characteristics of the digital economy, the concept of fixed places of business needs to be expanded so that the government can secure authority to impose taxes on them." -
South Korea Moves Towards The World's First 'Robot Tax' (zdnet.com)
An anonymous reader quotes ZDNet: It's being called the world's first robot tax. If it goes into effect, South Korea will be the first country to change its tax laws in recognition of the coming burden of mass robotic automation on low and middle-skill workers. The change proposed by the Moon Jae-in administration isn't a direct tax on robots. Rather, policymakers have proposed limiting tax incentives on investments in automation... Under existing law, South Korean companies that buy automation equipment, such as warehouse and factory robots, can deduct between three and seven percent of their investment. The current proposal, which seems likely to advance, is to reduce the deduction rate by up to two percentage points.
The move is evidently not an attempt to staunch companies from adopting automation technology. Rather, it is a kind of formal acknowledgment that unemployment is coming on a big enough scale to eat into South Korea's tax revenue. Policymakers are hoping that reducing the deduction incentives by a couple percentage points will offset the lost income tax and help keep the country's social services and welfare coffers filled.
The Korea Times, which broke the story, reminds readers that former U.S. treasury secretary Lawrence Summers has called robot taxes "profoundly misguided... A sufficiently high tax on robots would prevent them from being produced." -
Oracle Charged $293M In South Korean Back Taxes (thestack.com)
An anonymous reader quotes The Stack: Multinational tech giant Oracle has been charged $293 million USD for corporate tax evasion in South Korea. The $293 million charge is made up of back taxes, as well as a punitive charge from the government tax agency. The company was originally notified of the tax debt in January of last year, when the National Tax Service charged Oracle with evasion of corporate tax payments on 2 trillion won in earnings from 2008-2014.
Oracle was accused of funneling revenues to Ireland to avoid paying taxes in South Korea. In an audit of the company's books, the tax authority found that Oracle had channeled profits generated in South Korea to an Irish subsidiary; however, it was found that those funds ultimately profited the company's headquarters in the United States. Because of this, the NTS determined that Oracle should have paid taxes on profits generated in South Korea to the South Korean government. -
North Korea Is Blackmailing Top South Korean Online Retailer For $2.66 Million (softpedia.com)
An anonymous reader writes from a report via Softpedia: South Korea says that North Korea is behind a data breach that occurred last May, where hackers stole details about 10 million user accounts from Interpark.com, one of the country's biggest shopping portals. The hackers later tried to extort Interpark management by requesting for 3 billion won ($2.66 million / 2.39 million euros), otherwise they were going to release the data on the internet. [The hackers wanted the money transferred to their accounts as Bitcoin.] Authorities say they tracked the source of the hack to an IP in North Korea, previously used in other attacks on South Korean infrastructure. "Besides the evidence related to the IP addresses and the techniques used in the attacks, investigators also said that the emails Interpark management received, written in the Korean language, contained words and vocabulary expressions that are only used in the North," reports Softpedia. -
Mobile Gaming Giant Calls For Longer Product Life Cycles
An anonymous reader writes: South Korean gaming firm Nexon has vowed to release mobile games with longer life cycles, focusing on attracting users for at least 10 years rather than relying on fad sales. The company argued that developing a sustainable ecosystem in the mobile gaming industry was more important than generating immediate sales. While Nexon is the region's largest PC gaming business, it has been comparatively laggard in its attempt to break into the mobile world. Following its announcement last year that it would initiate a strategic push into the mobile sector, Nexon has built a dedicated mobile business unit, as well as global teams looking at international markets. -
Samsung Launches Business Unit To Focus On Driverless Cars (koreatimes.co.kr)
An anonymous reader writes: South Korean electronics giant Samsung has announced a new focus on developing driverless cars and infotainment systems in its attempt to compete with domestic rival LG in the automobile arena. The chip and smartphone company has placed executive VP Park Jong Hwan at the front of the push. The project will combine efforts from various technology units, including battery maker Samsung SDI and software service provider branch Samsung SDS. The sector is an opportunity to make up for Samsung's declining television sales, and a slowing smartphone business which is struggling to compete with fresher, cheaper models in China and India. -
Samsung Nanotech Breakthrough Nearly Doubles Li-Ion Battery Capacity
The Korea Times reports that Samsung researchers have published in Nature Communications the results of research (here's the abstract) that could lead to vastly greater storage capacity for lithium-ion batteries. The researchers, by growing graphene on silicon anodes, were able to preserve the shape of the anodes, an outcome which has formerly eluded battery designers: silicon tends to deform over numerous charging cycles. From the linked abstract: Here we report direct graphene growth over silicon nanoparticles without silicon carbide formation. The graphene layers anchored onto the silicon surface accommodate the volume expansion of silicon via a sliding process between adjacent graphene layers. When paired with a commercial lithium cobalt oxide cathode, the silicon carbide-free graphene coating allows the full cell to reach volumetric energy densities of 972 and 700Whl1 at first and 200th cycle, respectively, 1.8 and 1.5 times higher than those of current commercial lithium-ion batteries. Also at ZDNet. -
Samsung's Smart Watch Coming September 4th, Without Flexible OLED Screen
First time accepted submitter lager_monste sent in a tidbit from Mashable about the upcoming Samsung Galaxy Gear Smart Watch: "Samsung will launch its smart watch, the Galaxy Gear, on Sept. 4 ahead of the IFA consumer electronics trade show in Berlin, Germany. Lee Young-hee, VP of Samsung's mobile business, confirmed the date and some details about the device in an interview with The Korea Times." Ars Technica notes that the Gear is nothing like what was expected from a patent filing for a watch with a flexible OLED. Maybe next generation. -
LG Seeks Sales Ban of Samsung Galaxy Tablet In Korea
Dupple writes "According to the Dow Jones News Wires, LG has filed an injunction in its home territory of South Korea, seeking to ban the sale of the Galaxy Note 10.1, alleging the panels inside the tablet infringe LG patents. The injunction follows a lawsuit filed by Samsung on 7 December, which alleged that LG infringed seven of Samsung's liquid crystal display patents. LG, which filed the injunction with the Seoul District Court on Wednesday, is aiming to block the sales of the Galaxy Note 10.1 tablet computer." -
City of Heroes Reaches Sunset, NCsoft Paying the Price
KingSkippus writes "At midnight Pacific on Saturday, December 1, NCsoft shut down the City of Heroes servers for the final time. Since announcing the closure, a group of players has been working hard to revive the game by getting attention from the gaming press, recognition from celebrities such as Sean Astin, Neil Gaiman, and Felicia Day, and assistance from fantasy author Mercedes Lackey. Meanwhile, NCsoft has been drawing negative publicity, including a scathing article about the shutdown from local news site The Korea Times, noting that the game was earning $2.76 million per quarter and that 'it is hard to comprehend what NCsoft means when they say they closed it for strategic reasons.' NCsoft's stock price has fallen over 43% since the announcement in August, almost 30% below its previous 52-week low, right when investors were counting on the success of the recently launched Guild Wars 2 to help boost the company." -
Samsung Beats Apple In Tokyo, Itching To Sue Over LTE Patents
AmiMoJo writes "A court in Tokyo has ruled that Samsung Electronics did not infringe on a patent relating to transferring media content between devices. Tokyo District Judge Tamotsu Shoji dismissed the case filed by Apple in August, finding that Samsung was not in violation of Apple patents related to synchronizing music and video data between devices and servers." This particular battle is just one front in a patent war that spans ten countries and dozens of cases. Samsung also confirmed it was ready and willing to sue Apple if an LTE iPhone ever hits the market. Meanwhile, Apple was granted a number of new patents on Tuesday, including one for changing settings on a wireless device depending on its location (#8,254,902). For example, sound and light from the device could be disabled when entering a movie theater, or communications with other devices could be disabled in a science laboratory. -
Apple and Samsung Ordered Talks Fail - Trial Date Set
Fluffeh writes "Apple and Samsung just can't come to an agreement, even when the two CEOs have been ordered by a court to hash it out over a two-day period. U.S. Judge Judy Koh had ordered the sit down prior to court proceedings between the two giants, but the talks resulted in nothing more than each side confirming its position. Although Apple CEO Tim Cook said, 'I've always hated litigation and I continue to hate it,' he also said, 'if we could get to some kind of arrangement where we'd be assured [they are inventing their own products] and get a fair settlement on the stuff that's occurred.' Perhaps Tim is worried that Samsung is still the primary component supplier for mobile products, including the iPhone, iPad, and iPod touch, or perhaps Apple has bitten off more than it really wants to chew, with the litigation between the two getting to truly epic and global proportions." -
How Google Drove Samsung Away
itwbennett writes "The patent licensing agreement between Microsoft and Samsung this week set off a firestorm of childish tit-for-tat between Microsoft and Google. But more telling is what Samsung had to say about its relationship with Google: 'Samsung knows it can't rely on Google. We've decided to address Android IP issues on our own,' a Samsung official told The Korea Times. The only good news to come from all of this, says blogger Brian Proffitt, is that we may be headed for a courtroom showdown over just what patents Microsoft believes are in violation, which really is what should have happened to begin with." Update: 09/30 20:05 GMT by S : As it turns out, the so-called "Samsung official" cited by The Korea Times turned out to be patent blogger Florian Mueller. -
Samsung Plans To Block the iPhone 5 In Korea
c0lo writes "In apparent retaliation to its U.S. rival's continual patent challenges in global markets, Samsung Electronics is seeking a complete ban on the sales of the upcoming Apple iPhone 5 in Korea. This is one of Samsung's several recently-opened fronts in the patent world wars: Apple was sued in France on 3 technical patents and counter-sued in Australia over 7 technical patents (after an Apple 'offensive' temporarily blocked Galaxy Tab for the Australian market)." -
BSkyB To Launch 3D TV Service In 2010
TheSync writes "The Guardian reports that BSkyB will launch Europe's first 3D TV service in 2010. You will need the Sky+ HD set-top box, and a '3D ready' TV set (glasses-based stereoscopic system such as LCD shutter glasses or polarized glasses). Note that the first 3D TV service was from Nippon BS Broadcasting BS11 for use with Hyundai 3D sets." -
South Korean Financial Blogger Faces 18 Months of Prison
eldavojohn writes "A South Korean blogger named Park Dae-sung has been arrested and charged with destabilizing foreign markets by blogging about declining companies. This is the same blogger who predicted the economic downturn that has been experienced the world over. The Korean Times offers more information on the community college graduate and the accusations levied against him." Several readers have also sent in news that Omidreza Mirsayafi, an Iranian blogger arrested and imprisoned for his writings earlier this year, has now died in custody. -
Cloned, Glow in the Dark Cats
eldavojohn writes "Well, you can finally get genetically modified cloned animals. South Korean scientists have shown it is possible to alter a protein via therapeutic cloning to 'artificially [create] animals with human illnesses linked to genetic causes.' The images of these animals are amazing. This research was headed by Kong Il-keun, the first person in the country to clone cats in 2004." There is always the chance that this is a hoax, but far too amusing to ignore. -
Nintendo Sues Korean Sites Over Copyright Violations
The Korean Times is reporting that the Korean branch of Nintendo has filed suit against several websites over copyright issues. The suits come just nine months after Nintendo first opened up the Korean market (officially) with the introduction of the Nintendo DS. From the article: "'They infringed on our copyright by posting Nintendo's game titles through the Internet without our permission,' a Nintendo spokesperson said. 'The legal action was taken against only some sites and users this time but we will take further measures if such a violation continues to take place.' She declined to comment on how many sites and people are involved in the piracy suit. The legal action came after Mineo Koda, the Japanese chief executive of Nintendo Korea, had expressed concern about the lingering problem of piracy in South Korea that he said would pose a challenge to his company's business here." -
Hynix 48-GB Flash MCP
Hal_Porter writes to let us know that the third-largest NAND chip maker, Hynix, has announced they have stacked 24 flash chips in a 1.4mm thick multi-chip package. It's not entirely clear from the article whether the resulting 48-GB device is a proof of concept or a product. The article extrapolates to 384 GB of storage in a single package, sometime. Hal_Porter adds: "It's not clear if it's possible to write to them in parallel — if so the device should be pretty damn fast. The usual objection to NAND flash as a hard drive replacement is lifetime. NAND sectors can only be written 100,000 times or so before they wear out, but wear leveling can be done to spread writes evenly over at least each chip. I worked out that the lifetime should be much longer than a typical magnetic hard disk. There's no information on costs yet frankly and it sounds like an expensive proof of concept, but it shows you the sort of device that will take over from small hard disks in the next few years." -
Samsung Announces MP3 Players
K-Man wrote in to send us a link to a Korean Times article where you can read about a couple of new mp3 players that Samsung is bringing out. What I really want to know is whats a won worth? These players still doesn't have "enough" space imho- I'd say 5 hours of audio would be the point where I'd consider these things a must have device. What say you?)