Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Can Jennie break the K-pop solo artist slump?
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Yoon set for talks with Marcos in Philippines
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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'Culinary Class Wars' producers deny trying to spice up results
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Ex-president's daughter investigated for drunk driving accident
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Seoulites celebrate coexistence at Wellness Seoul 2024
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First lady’s Dior bag scandal to be at center of Assembly audit
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Chey likely to be sole candidate for KCCI chair
SK Group Chairman Chey Tae-won is set to be named as the next chief of the Korea Chamber of Commerce and Industry, succeeding incumbent Chairman Park Yong-maan, industry officials said Thursday. The KCCI has so far never been led by a figure at the helm of one of the so-called Big Four chaebol -- Samsung, Hyundai Motor, SK or LG. Chey’s selection is seen as a signal that the KCCI is seeking to enhance its role and stature amid the post-coronavirus market turbulence. The KCCI will conve
Jan. 7, 2021
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[Photo News] Make way for snow plows
Plows remove the snow piled up on the runways at Incheon International Airport on Thursday after the nation faced heavy snowfall overnight. (Yonhap) (khnews@heraldcorp.com)
Jan. 7, 2021
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Samsung Display unveils new OLED trademark
Samsung Display applied for a trademark for its Samsung OLED brand in 43 nations, in an attempt to stake out its leading position in the organic light-emitting diode market that is entering maturity. “The new brand logo serves to clearly present our brand identity and superior technology as a leading player in the OLED market as it shifts over to maturity,” said Baek Jee-ho, vice president of strategic marketing for small and medium displays at Samsung Display. “From hereon,
Jan. 7, 2021
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Korean firms ready to showcase products for 'new normal' pandemic era at all-digital CES 2021
South Korean firms, anchored by Samsung Electronics Co. and LG Electronics Inc., will focus on showcasing new innovations that can make people's lives better in the new normal era of the pandemic at the upcoming global tech expo, industry insiders said Thursday, as they prepare for online exhibition to global audiences. This year's Consumer Electronics Show (CES) will take place from Monday to Thursday and will be held online for the first time due to the novel coronavirus pandemic. More than
Jan. 7, 2021
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Sale of 3 midsized shipbuilders in final stage
The sale of South Korea's three midsized shipbuilders is in the final stage despite concerns that they may have trouble in finding viable investors due to a slump in the shipbuilding industry and the COVID-19 outbreak. The midsized shipbuilders -- Hanjin Heavy Industries & Construction Co., STX Offshore & Shipbuilding Co. and Daesun Shipbuilding Engineering Co. -- were put up for sale last year due to their financial trouble since the 2008 global financial crisis. Creditors of Daesun S
Jan. 7, 2021
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Samsung unveils new vision for TVs focusing on accessibility, sustainability
Samsung Electronics Co. on Thursday unveiled a new vision for its TV business as the world's largest TV vendor vows to improve accessibility and sustainability with its latest products and services. Under the vision of "Screens everywhere, Screens for all," the South Korean tech giant said the company will go environmentally friendly with its TV business operations and allow more people to comfortably enjoy their viewing experience as it introduced the 2021 portfolio. "During th
Jan. 7, 2021
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Samsung unveils 2021 TV lineup with new Neo QLED TV
Samsung Electronics Co. on Thursday unveiled its 2021 TV lineup, including a new Neo QLED TV using mini LED technology, as the South Korean tech giant looks to defend its status as the world's leading TV vendor. Samsung's Neo QLED TV made its debut at the First Look event ahead of Consumer Electronics Show (CES) 2021, along with new models of Micro LED and Lifestyle TVs. Samsung said the Neo QLED TV takes its flagship QLED TV to "the next level," as it uses new light source, Quantum
Jan. 7, 2021
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S. Korean steelmakers' earnings forecast to perk up in Q1
South Korean steelmakers are expected to see their earnings bounce back in the first quarter of the year on a recovery in demand and rising prices, analysts said Thursday. The rosy outlook represents a stark turnaround from their dismal performances last year in the wake of the coronavirus pandemic that has sent global demand for steel products sinking. According to a Yonhap News analysis of securities firms' forecasts, leading steelmaker Posco is projected to register an operating profit of 9
Jan. 7, 2021
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[News Analysis] Will there ever be an LG or Samsung car?
As batteries account for more than 40 percent of the cost of an electric vehicle’s parts, major automakers including Tesla, BMW and Volkswagen are making efforts to develop their own batteries. Such moves have stoked concerns that South Korean battery giants -- LG Energy Solution, Samsung SDI and SK Innovation -- might lose their clients in the long term. But just as automakers have invaded the field of battery manufacturing, local battery producers are slowly infiltrating the auto p
Jan. 6, 2021
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GS Caltex to showcase drone delivery tech, next-gen gas station at CES
GS Caltex will introduce a next-generation charging station that offers drone delivery services in its debut at the world’s biggest tech show, the company said Wednesday. According to the South Korean refinery, at this year‘s Consumer Electronics Show set to kick off online Monday, the company will offer three videos that show how drones can deliver items, utilizing gas stations as logistics bases. The first video contains two drone delivery tests GS Caltex conducted together wi
Jan. 6, 2021
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‘Repurposing’ of MMR vaccine floated as COVID-19 preventive
It may not be just an age-related lack of immunity that explains the higher death rates among senior citizens in the novel coronavirus pandemic. Some scholars are paying attention to the inverse correlation between the measles-mumps-rubella (MMR) vaccine coverage and COVID-19 fatality in their search for a possible deterrent against COVID-19 infection. Among them is Professor Kook Hoon of Chonnam National University Hospital’s pediatrics department. He says MMR vaccines could help mit
Jan. 6, 2021
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Samsung heir visits R&D center to better prepare for post-pandemic era
Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea's top conglomerate, Samsung Group, on Wednesday visited the company's research and development (R&D) hub to check its future technologies for the post-pandemic era. Lee discussed Samsung's long-term strategy with senior executives at Samsung Research and was briefed on the company's latest projects on next-generation telecommunication technologies, server and artificial intelligence (AI) solutions, according
Jan. 6, 2021
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GC Pharma completes phase 2 trial of COVID-19 plasma therapy treatment
South Korean biotech company GC Pharma said Wednesday it has completed phase two clinical trials of its plasma therapy treatment for the novel coronavirus. The plasma therapy, known as GC5131A, is a type of hyperimmune globulin drug that uses blood plasma taken from people who have fully recovered from COVID-19. GC Pharma wrapped up the phase two clinical study on Dec. 31 and plans to file for a conditional approval to the Korean Ministry of Food and Drug Safety during the first quarter of thi
Jan. 6, 2021
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More than 200 million people used Samsung's fitness app in 2020
Samsung Electronics Co. said Wednesday its fitness tracking app was used by more than 200 million people around the globe in 2020 as the South Korean tech giant tries to further expand usability of its health platform. Samsung Health, which was first launched in 2012, offers various health-related features from virtual exercises to tacking of sleep patterns, heart rate and blood pressure. "In the past year alone, Samsung Health users burned around 3 billion calories and took around 78 tri
Jan. 6, 2021
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SK Innovation to issue 'green bond' worth $1b for US battery plant
SK Innovation Co., a South Korean refinery-to-battery company, plans to issue a green bond worth 1.09 trillion won ($1 billion) to expand its electric vehicle (EV) battery manufacturing capacity in the United States, officials said Wednesday. SK battery America Inc., the Korean firm's US subsidiary, will issue the green bond, a type of financing for eco-friendly projects, later this month to build its second EV battery plant in Georgia, a company spokesperson said. The new fund will be an exte
Jan. 6, 2021
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‘CMO’ a rising keyword in biologics, vaccine industry
If South Korea has not yet earned itself the moniker of the world’s biologics and vaccine factory, it appears committed to winning the title. As of Tuesday, rumors abound that the country’s Hanmi Pharmaceutical is being weighed as a potential contract manufacturer of the Moderna vaccine for COVID-19. Hanmi’s Plant No. 2 in Pyeongtaek, Gyeonggi Province, can put out an annual volume of 100 million doses of DNA vaccine and 1 billion doses of messenger RNA vaccine. The plant was
Jan. 5, 2021
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S. Korea’s chip exports to surpass $100b this year
South Korea’s chip exports are expected to grow 10.2 percent and surpass $100 billion this year, which would be the nation’s second-best performance since 2018, according to the Trade Ministry on Tuesday. Korea will again become the world’s second-largest semiconductor provider this year, following the US, according to the Ministry of Trade, Industry and Energy’s first-ever market report focusing solely on semiconductors. The report said Korea’s shipments of chip
Jan. 5, 2021
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Korean employers’ anxiety grows as industrial accident bill nears vote
Rival political parties on Tuesday reached an agreement to put the bill on industrial accident to a full parliamentary vote this week, seeking to approve the enhanced regulations for employers as early as within the week. With the apparently accelerated legislative timeline, business groups -- especially those speaking for large-size employers -- reiterated their concerns that the bill is set to exert excessive pressure on business operators. Reps. Kim Tae-nyeon and Joo Ho-young, the respecti
Jan. 5, 2021
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S. Korea’s shipbuilding maintains world top post in 2020
Despite the extensive fallout of the COVID-19 pandemic, South Korea’s shipbuilding industry maintained its top spot in the world in order volume last year, outrunning China with a last-minute clinching, data showed Tuesday. According to UK-based global shipping information provider Clarksons Research, the total amount for shipbuilding contracts across the world came to 17.92 million compensated gross tonnage as of Dec. 28. Of the sum, China and South Korea respectively accounted for 7.9
Jan. 5, 2021
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NCSoft to launch entertainment JV with CJ ENM
South Korean game maker NCSoft and entertainment giant CJ ENM said Tuesday they will establish a new entertainment joint venture this year. According to the memorandum of understanding signed Tuesday, the joint venture will combine NCSoft’s advanced information technology and CJ ENM’s expertise in the entertainment business to create new content. Though the exact type of the new content the joint venture will create has not yet been unveiled, this is not the first time the compan
Jan. 5, 2021