Samsung unveils foundry road map to take on TSMC

Samsung Electronics, the world’s largest memory chipmaker, on Tuesday unveiled a new foundry business road map, saying it will expand the adoption of the 2-nanometer manufacturing technology in phases to mobile applications by 2025, high-performance computing by 2026 and automotive chips by 2027. The bold plan comes as Samsung, a distant No. 2 in terms of foundry sales after Taiwan Semiconductor Manufacturing Co., is investing heavily to boost its burgeoning foundry business and narrow the

June 28, 2023

[Photo News] Samsung Gangnam unveiled

Samsung Electronics on Wednesday held a media tour of its new five-story flagship store, called Samsung Gangnam, in southern Seoul before Thursday’s official opening. Boasting 2,000 square-meter floor space, the facility allows visitors to experience and purchase Samsung’s latest mobile devices and their limited editions as well as join cultural and self-enrichment programs. Calling it “a playground for MZ generation,” Samsung said it will ramp up efforts to better commun

June 28, 2023

Daewoong Pharmaceutical submits NDA to China for Fexuclue

Daewoong Pharmaceutical said Tuesday that the company has submitted a new drug application for its gastroesophageal reflux treatment, Fexuclue, to China’s drug agency. Fexuclue was officially launched in July 2022 in Korea as the country’s 34th new drug. Fexuclue is also the only P-CAB drug for gastritis indications in the country. Daewoong Pharmaceutical has submitted its NDA to China's National Medical Products Administration based on its clinical trial of the tablet-type drug

June 27, 2023

Japan restores South Korea to export 'whitelist' after 4 years

Japan is putting South Korea back on its “whitelist” of trusted trading partners, marking the end to a trade dispute that had dragged on for four years, as the two sides have renewed a commitment to improve bilateral economic ties. Japan’s Ministry of Economy, Trade and Industry announced Tuesday it has decided to redesignate Korea as a "Group A" country, returning to Seoul the preferential export treatment it had enjoyed until 2019. “The Republic of Korea will

June 27, 2023

Korean firms fight talent exodus as chip tech war intensifies

A former Samsung employee was banned from moving to US rival Micron Technology after the Korean tech giant took the issue to court amid growing concerns over illicit tech transfer. Seoul Central District Court on Sunday accepted Samsung Electronics’ petition for an injunction to ban a key employee from moving to US chip rival Micron Technology just three months after quitting the Korean chipmaker. "DRAM technology is designated as national strategic technology and protection of the te

June 26, 2023

[Contribution] Strategies to secure Korea's chip supremacy

By Koo Hyuk-chae Director-general of R&D policy bureau Ministry of Science and ICT Starting with the invention of the transistor at Bell Labs in the United States in 1947, semiconductors have constantly advanced and are now embedded in all devices that require computing power. Last year, the global semiconductor market size amounted to approximately $640 billion, of which 20 percent, or $130 billion, was occupied by the Korean semiconductor industry. The semiconductor industry is the No. 1

June 26, 2023

[Photo News] Samsung chairman celebrates 55th birthday in Vietnam

Samsung Electronics Executive Chairman Lee Jae-yong celebrated his birthday Friday during his trip to Vietnam along with President Yoon Suk Yeol. Lee turned 55. In a dinner event hosted by Vietnamese President Vo Van Thoung at International Convention Center in Hanoi, Vietnam, Lee was greeted with a birthday cake and musical performance. Samsung Electronics runs plants for smartphones that sell in about 130 countries, as well as for home appliances. It also opened a research and development cent

June 24, 2023

Korean companies eye new business opportunities in Vietnam

Accompanying South Korean President Yoon Suk Yeol on his state visit to Vietnam as part of the presidential delegation, South Korean companies were seen ramping up their business ties in the Southeast Asian country. In a banquet inviting his largest economic delegation on Thursday, Yoon urged the business leaders to take the lead to explore new business opportunities with Vietnam, which is South Korea's third-largest trading partner. "New opportunities are being created for South Korea

June 23, 2023

Apple R&D accelerator discuss smart manufacturing with Korean SMEs

Apple's first manufacturing research and development accelerator discussed the impacts of artificial intelligence and machine learning in smart manufacturing with small and medium-sized businesses in South Korea, the iPhone maker said Friday. Apple Manufacturing R&D Accelerator held its first Smart Manufacturing Forum in Pohang, North Gyeongsang Province, for two days from Wednesday, inviting hundreds of guests from SMEs, industry experts and academia to exchange insights on smart manuf

June 23, 2023

SK pharmteco completes new plant, doubles viral vector production capacity

SK pharmteco, a global contract development and manufacturing organization under South Korean conglomerate SK Group, said Friday that its French subsidiary Yposkesi has completed construction of its second manufacturing facility for cell and gene therapies (C&GT) in Europe. Yposkesi’s second C&GT manufacturing site sits on 5,000 square meters of land in the Genopole campus, the largest biotech cluster in France. With the addition of the second site, Yposkesi’s biomanufactur

June 23, 2023

SK hynix introduces data center memory solutions at HPE conference

SK hynix, the world’s third-largest memory chipmaker, said Friday it introduced its next-generation memory technologies and products at an IT conference in the US. The Korean tech giant said it joined the HPE Discover 2023 event held by Hewlett Packard as an exhibitor, showcasing its industry-leading memory solutions for data centers. The annual conference was held in Las Vegas for three days starting Tuesday. SK said it showcased PS1010 E3.S, a high-performance Peripheral Component Inte

June 23, 2023

Korea Inc. heads to Vietnam to strike deals

With South Korean President Yoon Suk Yeol taking his largest economic delegation involving top conglomerate chiefs on a state visit to Vietnam on Thursday, anticipation is growing on new joint business opportunities their trip will create for the two countries. For the three-day state visit, Yoon has formed his largest-ever delegation to accompany him, consisting of 205 entities -- 24 conglomerates, 28 mid- and small-sized companies, six economic lobbying groups, six economic associations and th

June 22, 2023

KT eyes W1.3tr annual sales in AI by 2025

South Korean telecommunications giant KT Corp. said Wednesday it will diversify its artificial intelligence-related business portfolio to post 1.3 trillion won ($1 billion) in annual sales in the burgeoning sector alone by 2025. “KT has been newly focusing on three AI sectors -- robotics, health care and education,” said Song Jae-ho, a senior executive vice president at KT, during a press conference in Seoul. “We believe that these three areas can help ease ongoing social issue

June 21, 2023

Big 4 chaebol chiefs back Busan’s Expo bid in Paris

South Korea’s top conglomerate chiefs were to meet with French President Emmanuel Macron in Paris on Wednesday, as they are in Paris to promote Busan's bid to host the 2030 World Expo. According to industry sources on Wednesday, the four chiefs of Korea’s top conglomerates -- Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Euisun and LG Group Chairman Koo Kwang-mo -- arrived in Paris Monday to kick off their Paris tri

June 21, 2023

SK hynix wins int'l certification for automotive memory solution

South Korean chipmaker SK hynix has obtained a high-level European certification recognizing its competency in automotive software development processes, the firm said Tuesday. It also marks the first time a Korean chipmaker has obtained the Automotive Software Process Improvement and Capability Determination (ASPICE) Level 2 certification. ASPICE is a standard of automotive software development introduced by European carmakers to evaluate the reliability and competency of auto part suppliers�

June 20, 2023

LG researcher reappointed to lead Next G Alliance for 6G tech

LG Electronics said Tuesday that one of its senior researchers has been reappointed to lead a working group in an American mobile technology alliance for 6G technology development. Lee Ki-dong, senior researcher in LG Electronics' Chief Technology Officer division, has been reappointed as the chairperson of the Applications Working Group in the Next G Alliance until May 2025. He was first appointed to the position in 2021. The Next G Alliance is an industry initiative launched by the US-b

June 20, 2023

[Graphic News] Number of foreign patients increases

According to a report released by the Ministry of Health and Welfare, 248,000 patients from abroad visited South Korea for medical treatment last year, up 70 percent from 146,000 in 2021. In 2019, just a year before the pandemic, 497,000 foreign patients entered Korea. Recently, the ministry has released a set of strategies for attracting up to 700,000 foreign patients a year to Korea by 2027. In order to meet its goal by 2027, the government will implement four different strategies: improving i

June 20, 2023

SK-AstraZeneca's new diabetes drug goes into production

SK Chemical said Monday it has begun commercial production of a new diabetes treatment drug co-developed with AstraZeneca. Under their partnership, SK Chemical will be responsible for production of the diabetes treatment drug that will be supplied here and overseas countries in the future, SK Chemical added. “(SK Chemical’s new diabetes treatment drug) has shown the company’s capability in developing and producing medical products. (The new treatment) is expected to help SK Che

June 19, 2023

Hyundai Motor's Busan Expo promotional video hits 100 million views

Hyundai Motor Group's promotional videos for Busan’s bid to host the 2030 World Expo racked up over 100 million combined views after the first video was released three months ago, the country's top automotive group said Monday. The promotion campaign comprises 37 videos, which include two videos targeting the global audience, and 35 short-form videos addressing individual member countries of the Bureau International des Expositions, the international body responsible for overseei

June 19, 2023

Samsung adopts AI in product design, opens design lab in US, France

Samsung Electronics has adopted artificial intelligence into its design process, utilizing advanced technology to empower designers to "fully unleash" their creativity, according to the company's chief designer. "With the diffusion of new AI capabilities, new relationships need to be established between people and products. As a result, designers need to master totally new powerful tools," Federico Casalegno, the tech giant's executive vice president of design, said

June 19, 2023