Most Popular
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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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S. Korea, Singapore seal supply chain agreement
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Korean language teaching expert says demand has outstripped supply
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Korea added to key bond index
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Conscripting women to lead to 'more babies,' claims military think tank
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[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
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North Korea notifies UN Command of plans to fortify border with South
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Taking away phones during school hours not a human rights violation: watchdog
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Who is pollster roiling politics with claims of government string-pulling?
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Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
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Pressure mounts on Korean chipmakers as China restricts Micron chip sales
China is banning its key infrastructure firms from buying products made by US memory chipmaker Micron Technology for failing its security probe. The first such critical ban from the Chinese government comes amid its intensifying rivalry with Washington, and has prompted concerns for Korean chipmakers operating their key manufacturing facilities there. The Cyberspace Administration of China said Sunday the US chip manufacturer has failed its network security probe, that company's products po
May 22, 2023
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CJ completes world's largest pizza factory in US
South Korean food giant CJ CheilJedang said Monday that it recently completed the construction of the world's largest pizza production plant in the US state of Kansas, in a bid to ramp up its competitiveness in the all-important market. According to CJ CheilJedang, the company recently added 40,000 square meters to its frozen pizza production facility in Salina, Kansas. With the expansion, the plant now stands on 90,000 square meters of land, marking it the largest frozen pizza production p
May 22, 2023
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S. Korea to send delegation to Europe for talks on stronger economic, biz ties
South Korea will send an economic delegation to Estonia, Lithuania and Finland this week to explore ways to boost cooperation on trade and various new industry fields, such as battery, bio and nuclear power generation, with the respective nations, the industry ministry said Monday. The delegation, led by Deputy Trade Minister Jeong Dae-jin, was to visit Estonia on Monday and have talks with ranking officials there on how to enhance bilateral trade and the industry relationship, according to the
May 22, 2023
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Kioxia-Western Digital merger talks no immediate threat to Samsung, SK
As the world's No. 2 and No. 4 NAND flash suppliers of Japan and the United States are discussing a potential merger to achieve market prowess, eyes are on how the move will impact the current market leader Samsung Electronics. In a report last week, Reuters said Japan's Kioxia Holdings and the US' Western Digital -- ranked the world's second- and fourth- biggest memory chip makers, respectively -- are reportedly in talks for a merger, renewing their previous discussion from
May 21, 2023
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American artist wins 1st LG Guggenheim Award
LG Group said Sunday that it awarded the first LG Guggenheim Award to Brooklyn-based artist Stephanie Dinkins, at a ceremony held in New York, Friday. The LG Guggenheim Award is an extension of the LG Guggenheim Art and Technology initiative, a five-year joint project from the Guggenheim and LG to honor, research and promote artists combining technology and art in their works. Dinkins, an art professor at Stony Brooks University, has emphasized the importance of fairness and equality in the digi
May 21, 2023
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LG Energy Solution, Green Tech Metals join hands in battery material business
Battery maker LG Energy Solution said Friday it has signed a deal with Green Technology Metals (GT1), a lithium exploration and development business, as part of efforts to establish a supply chain of critical raw materials for batteries in the North American region. Under the deal, LGES will subscribe to 21,739,130 new shares in GT1 at a price of 0.92 Australian dollars ($0.61) per share, for a total of A$20 million. The subscription price represents 7.89 percent of GT1’s ordinary shares o
May 19, 2023
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Naver Pay installations surge 186% following partnership with Samsung Pay
Naver Pay app installations soared 186 percent to 470,000 in April, a month after it integrated its payment service with Samsung Pay, according to Naver Financial. "We see that the number of app installations for Samsung Pay's interlinked offline payment service has significantly increased,” a Naver Financial official said in a statement Thursday. "The usage of the payment service has expanded to include a wider range of locations, encompassing not only convenience stores
May 19, 2023
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Kumho Tire touts successful TCR World Tour sponsorship in Portugal
Kumho Tire announced Thursday it has successfully sponsored the opening race of the Touring Car Racing World Tour, a renowned motorsport competition promoted by WSC Group that took place April 29-30 at the Algarve International Circuit in Portugal. Signing a three-year title sponsorship deal with WSC last February, Kumho sponsored all the racing tires in the drivers’ cars for the competition, leading to dynamic races. Prestigious carmakers such as Audi, Honda and Hyundai Motor have shown t
May 18, 2023
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Samsung starts mass production of most advanced DRAM chips
Samsung Electronics, the world’s largest memory chip maker, said Thursday it kicked off the mass production of its 16-gigabit DDR5 DRAM, which utilizes the industry’s most advanced 12 nanometer-class process technology. Boasting a maximum speed of 7.2 gigabits per second, which translates into speeds that can process two 30 gigabyte UHD movies in about a second, Samsung’s newest DRAM lineup will support a growing list of applications including data centers, artificial intellige
May 18, 2023
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[K-Food] Ourhome tests potential of Korean food catering services on global stage
Riding on a wave of momentum for the soaring popularity of South Korean food among global consumers, "K-food" institutional food service businesses are gaining traction at overseas cafeterias. Ourhome, a Korean food catering giant, says it has been steadily increasing the proportion of its global sales since starting its first overseas business on 2010 -- with its on-site food catering service performances in cafeterias abroad largely buoyed by its decision to organize nearly half of
May 18, 2023
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LG, Trudeau seek breakthrough on halted battery plant in Canada
LG Energy Solution’s top management and Canada’s top leadership including Prime Minister Justin Trudeau discussed ways to resolve the issue of the halted construction of a joint battery plant between the South Korean battery maker and Stellantis in the Canadian province of Ontario, according to an industry source Thursday. “The Canadian prime minister and Canadian government officials sat down with LG Energy Solution’s high-ranking officials to figure out a breakthrough f
May 18, 2023
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Samsung SDS targets global reach with Cello Square
Samsung SDS announced Thursday the company’s plan to upgrade Cello Square, its digital forwarding platform offering one-stop freight shipping solutions, and tap deeper into the global market, through further digitalization. The IT solution provider affiliated with Samsung Group also explained that it has added new service functions to Cello Square -- data analysis, automation and a carbon emission tracker -- to make it more convenient for clients. “Cello Square will lead Samsung SDS&
May 18, 2023
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Tim Hortons coming to Korea this year
Canadian multinational coffeehouse Tim Hortons is opening its first outlet in South Korea this year, according to industry sources on Thursday. Known for its 60-year history and Canadian heritage, Tim Hortons has some 5,600 locations in 15 countries, including the US, Spain, Mexico and Thailand. It is also an affiliate under Restaurant Brands International, one of the world’s largest quick-service restaurant companies that also runs other fast food chains Burger King and Popeyes. Tim Horto
May 18, 2023
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[Photo News] Market sentiment
SK Group Chairman Chey Tae-won, who doubles as chairman of the Korea Chamber of Commerce and Industry, talks with “global supporters” for Busan’s bid to host the 2030 World Expo at a traditional market in central Seoul on Wednesday. A total of 120 young people, including 50 foreign nationals, are serving as supporters for Busan’s Expo bid as they carry out promotional activities throughout the world.
May 18, 2023
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McDonald’s Korea embraces eco-friendly corporate culture
Earlier in March, McDonald’s Korea held an award ceremony at its headquarters in Jongno-gu, central Seoul, to commemorate the 35th anniversary of its foundation. Dubbed the “Three-legged Stool” award ceremony, the theme of the event was directly inspired by McDonald’s founder Ray Croc’s three-legged stool philosophy, which states that the company’s headquarters, suppliers and franchisees should grow together. The theme also highlighted McDonald’s company
May 18, 2023
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STX wins $36m patrol ship order from Peru
South Korean general trading firm STX said Wednesday it has won an order to produce two 500-ton maritime patrol ships worth a combined $36 million for the Peruvian government. Having already supplied a total of six maritime patrol ships since 2013, STX said it is securing a firm footing in the Peruvian defense market. The upcoming diesel-powered seventh and eighth ships – 56.4 meters long and 8.5 meters wide each – have a maximum speed of 23 knots or 42.6 kilometers per hour. Equippe
May 18, 2023
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[Herald Interview] DayTrip introduces ‘hidden gems’ with curated travel app
Purchasing a package holiday can be a convenient option for travelers but may not be the ideal choice for people who dislike ticking off a list of famous tourist spots and attractions. Founded as a startup in 2020, DayTrip is an app that aims to provide well-curated and eye-catching travel content not provided by more conventional travel companies and platforms. “We started (DayTrip) during the COVID-19 pandemic, (which) was a very difficult time for us to make a travel platform,” Da
May 17, 2023
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SK Ecoplant to join Canada's $4.5b green hydrogen project
SK Ecoplant, a construction and energy arm of SK Group, on Wednesday signed an agreement to participate in a $4.5 billion green hydrogen commercialization project headed by Canada, amid the Canadian prime minister's three-day state visit to Korea celebrating the 60th anniversary of diplomatic relations between South Korea and Canada. SK Ecoplant struck up a partnership with Canadian renewable energy company World Energy GH2 to participate in the first phase of the Nujio’qonik project
May 17, 2023
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LG Display could turn profit with Samsung OLED deal: report
LG Display, which has been suffering operating losses in recent months, could turn a profit next year if it starts supplying OLED panels to Samsung Electronics as early as this quarter, an analyst report said Wednesday. “LG Display is expected to supply 77-inch, 83-inch OLED panels to Samsung Electronics from the second half of this year, and add 55-inch and 65-inch panels to the deal,” Kim Dong-won, an analyst at KB Investment and Securities, said in the report. “The deal woul
May 17, 2023
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[Photo News] Display of the Year
Samsung Display said Wednesday its quantum-dot OLED or QD-OLED has been named Display of the Year by the Society for Information Display, one of the industry’s top honors. QD-OLED is a hybrid technology that improves the brightness and color of OLED panels by using self-emitting quantum dots as the light source.
May 17, 2023