Most Popular
-
1
Seoul Fireworks Festival ends smoothly, but leaves piles of trash
-
2
[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
-
3
Can Jennie break the K-pop solo artist slump?
-
4
Yoon set for talks with Marcos in Philippines
-
5
Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
-
6
'Culinary Class Wars' producers deny trying to spice up results
-
7
Ex-president's daughter investigated for drunk driving accident
-
8
[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
-
9
Seoulites celebrate coexistence at Wellness Seoul 2024
-
10
First lady’s Dior bag scandal to be at center of Assembly audit
-
Samsung SDI replaces electric-car battery chief
Samsung SDI said Friday that it had recently conducted an executive-level reshuffle to appoint a new electric-car battery chief. According to the South Korean electric vehicle battery maker, the reshuffle included major posts -- chief financial officer, head of the medium-to-large-battery division and head of the small-battery division. Kwon Young-no, chief of the business management office, has been replaced by Kim Jong-sung, who had previously worked at Samsung Electronics’ video di
Jan. 8, 2021
-
Industrial accident bill passes assembly despite brawl
The National Assembly on Friday passed a bill to enhance employer liability in industrial accidents, amid persistent backlash from business circles. The corresponding bill was laid out to the parliamentary plenary session in the afternoon and obtained 164 votes out of the 266 lawmakers attending, while 44 dissented and 58 abstained. Under these new enhanced rules, employers are to face a minimum jail sentence of one year or a maximum fine of 1 billion won ($915,751), should a deathly industr
Jan. 8, 2021
-
Ssangyong Motor operations stay afloat, amid hopes of new investment talks
Ssangyong Motor is managing to keep its manufacturing operations afloat, as some suppliers are temporarily providing a minimal amount of necessary parts while the automaker works on finding a new investor. “Our manufacturing facilities are fully functional as sufficient parts are being supplied for now,” an official said. “But this is a provisional situation as no official deal has been struck regarding resuming the (once stalled) parts supplies.” In December, the carm
Jan. 8, 2021
-
Former vice land minister tapped as Incheon Airport chief
Kim Kyung-wook, former vice land minister, has been nominated as president and CEO of the state-run Incheon International Airport Corp. to fill in the vacuum caused by the predecessor’s dismissal. The airport operator held a shareholders‘ meeting virtually on Thursday and agreed to nominate Kim as the sole candidate for the ninth president and CEO post, officials said Friday. The top post has remained vacant since Koo Bon-hwan was dismissed in September for neglecting his supervis
Jan. 8, 2021
-
LG Electronics to feature virtual human at CES 2021
LG Electronics Inc. said Friday it will feature a virtual human as a speaker at the world's largest tech expo next week as the South Korean tech powerhouse aims to show off its artificial intelligence (AI) capabilities. LG said an artificial human, named Reah Keem, will deliver a three-minute presentation at its press event for the all-digital Consumer Electronics Show (CES) 2021 on Monday. LG designed the virtual human as a 23-year-old female musician. It already has an Instagram page with mo
Jan. 8, 2021
-
Pandemic presents best winter season ever for petrochemical industry
Major South Korean petrochemical companies such as Hyosung Chemical and Lotte Chemical are enjoying an unexpected sales boost, as the pandemic has driven up demand for polypropylene, a raw material for mask filters and syringes. “Winter season is typically an off-season for the petrochemical industry. However, thanks to the pandemic, favorable market conditions continue for the petrochemical industry, even better than its usual peak season,” said SK Securities analyst Sohn Ji-woo.
Jan. 8, 2021
-
Samsung Electronics accelerates auto parts biz with Harman’s new digital cockpits
Samsung Electronics’ wholly owned auto parts subsidiary Harman on Thursday unveiled new digital cockpit concepts that can turn a car into a gaming station, a concert hall or a studio office. At Harman ExPLORE 2021, held Thursday, the company introduced three new digital cockpits that offer customized in-vehicle experiences to drivers -- Gaming Intense Max, Drive-Live Concert and Creator Studio. “We believe cars should be for living, not just driving. We’re transforming the
Jan. 8, 2021
-
LG unveils upgraded smart TV platform with new voice controls
LG Electronics Inc. on Friday unveiled its upgraded smart TV platform that will be used for its 2021 TV models as the South Korean tech company eyes to improve its software capabilities. LG, the world's second-largest TV maker, said the webOS 6.0 will run on its 2021 TV sets including OLED, QNED Mini LED and NanoCell TVs, and will feature enhanced voice controls and user-friendly interface. The latest smart TV system will have a new design of a home screen that will allow users to easily acces
Jan. 8, 2021
-
Samsung unveils new Chrome OS-powered laptop to target online learning market
Samsung Electronics Co. on Friday unveiled a new laptop that runs on Google's Chrome operating system (OS) as the South Korean giant eyes to respond to the increasing popularity of distance learning amid the pandemic. Samsung's Galaxy Chromebook 2 is the industry's first Chrome OS-powered laptop with QLED display. The 2-in-1 notebook comes with a 13.3-inch QLED full HD display with a touch screen. The latest laptop also features "Smart AMP" sound, which runs up to 178 percent louder
Jan. 8, 2021
-
Doosan Bobcat buys stake in US radar maker Ainstein
South Korea's small-sized construction equipment maker Doosan Bobcat Co. said Friday that it has bought a stake in US radar maker Ainstein. Doosan Bobcat did not reveal the vale of the deal, or how much stake it bought in the US company, citing a confidentiality agreement with the US firm. The stake purchase is a preemptive move to dominate the unmanned small-sized construction equipment market, which has been growing at a rapid pace, Doosan Bobcat said. Ainstein, based in Kansas, offers a fu
Jan. 8, 2021
-
LG Electronics teams up with Naver for remote learning service
LG Electronics Inc. on Friday said it has signed a partnership with South Korea's top internet portal operator Naver Corp. to enter the remote learning service business amid the pandemic. Under the deal, the two sides will develop a notebook dedicated to Naver's online education platform Whale Space. Tentatively named "Whalebook," it will be a cloud-optimized laptop powered Whale operating system (OS). The two tech firms also agreed to seek further business opportunities that can uti
Jan. 8, 2021
-
Hyundai Motor in talks with Apple to make Apple Car
Hyundai Motor Group confirmed Friday that it was in negotiations with Apple to manufacture an Apple Car. “The negotiations are in the early stages, but nothing has been decided, including whether Hyundai Motor will supply auto parts or manufacture the whole car,” a Hyundai Motor official said. Apple is said to be in talks with automakers, including Hyundai, to avoid the costs of developing battery technology and establishing production facilities. Hyundai Motor and sister comp
Jan. 8, 2021
-
Samsung to unveil new Exynos mobile microprocessor next week
Samsung Electronics Co. said Friday it will unveil a new mobile application processor (AP) next week that is expected to be used in the company's upcoming flagship smartphone. The South Korean tech giant confirmed its new Exynos chipset will be introduced at the Exynos On 2021 event on Tuesday, saying that the product "redefines the standard for premium mobile experiences." Industry observers believe Samsung's high-end Exynos 2100 processor will be introduced at the event. The latest
Jan. 8, 2021
-
Samsung expects solid Q4 performance on chip, display biz
Samsung Electronics Co. on Friday forecast solid fourth-quarter earnings as its cash cow chip business apparently stayed afloat in the face of the weakness of the US dollar and the resurgence of novel coronavirus infections to cover mediocre performance in its mobile business. In its earnings guidance, the South Korean tech giant estimated its operating profit at 9 trillion won ($8.2 billion) for the October-December period in 2020, up 25.7 percent from a year ago. The fourth-quarter operating
Jan. 8, 2021
-
Shares of battery makers flying high on growth optimism
South Korea's three battery makers have been on a roll as investors swoop on them amid growing optimism for their future growth, industry sources said Friday. LG Chem Ltd, the parent of LG Energy Solution Ltd.; Samsung SDI Co; and SK Innovation Co. finished at record highs on the Seoul bourse Thursday amid expectations that eco-friendly policies across the global will increase demand for electric vehicles, powering their growth down the road. LG Energy Solution, which spun off from LG Chem in
Jan. 8, 2021
-
Market cap of S. Korea’s top 100 firms climbs near 80% in 5 years
The combined market cap of the top 100 South Korean companies reached a record high of 1,745 trillion won ($1.6 trillion) this year, up 77.5 percent from 983 trillion won in 2016, data showed Thursday. According to a report by local corporate tracker Korea CXO Institute, the combined market cap of local firms as of Jan. 1 jumped 43.1 percent on-year, or 526 trillion won. The corresponding figures were those observed on the first day of each year at the bourse operator Korea Exchange. Samsun
Jan. 7, 2021
-
Controversial workplace disaster bill reaches final step
The National Assembly‘s legislation subcommittee on Thursday passed the controversial bill on punishing owners of businesses in cases of workplace disasters. The bill will be voted on at the plenary session on Friday to be enacted. The legislation, spearheaded by the progressive minor Justice Party, aims to curb recurring deaths of workers by upping criminal punishment for business owners and CEOs if they are found to have neglected safety measures. The bill, heavily protested by busine
Jan. 7, 2021
-
One month ahead of vaccination, Korean syringe manufacturers face uncertainties
With a nationwide vaccination campaign scheduled for next month, South Korean manufacturers are looking ahead to the mass production of syringes. But challenges remain, as the government has yet to designate the type of syringes to be used. According to industry sources Thursday, the Korea Disease Control and Prevention Agency recently made phone calls to domestic syringe makers regarding their production capacity and the types of syringes they can manufacture. “Despite the phone call
Jan. 7, 2021
-
SK kicks off 2021 with $1.5b investment into US hydrogen company Plug Power
South Korea’s No.3 conglomerate SK Group said Thursday it would acquire a 9.9 percent stake worth $1.6 trillion won ($1.5 billion) in the US hydrogen fuel cell maker Plug Power to jointly take the initiative in Asian hydrogen markets. The group’s holding firm SK Holdings and a natural gas subsidiary SK E&S will invest 800 billion won each into Plug Power, which will make SK Group the largest stakeholder in the New York-based hydrogen company. SK Group is expected to finaliz
Jan. 7, 2021
-
LG Display to recast display in contactless new norm at CES 2021
LG Display will shine a light on the role of displays in the post-COVID-19 contactless society at this year’s Consumer Electronics Show 2021, set to take place from Monday, the company said Thursday. The three key messages the company wants to convey this year are “Natural Reality,” “Lifestyle in Harmony” and “Better for People” -- with an overarching theme that displays brings the real world to those in front of them. LG Display’s display soluti
Jan. 7, 2021