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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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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First lady’s Dior bag scandal to be at center of Assembly audit
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Ex-president's daughter investigated for drunk driving accident
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Seoulites celebrate coexistence at Wellness Seoul 2024
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'Culinary Class Wars' producers deny trying to spice up results
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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LS Cable & System completes 5G parts factory in India
LS Cable & System said Tuesday it completed construction of its second telecommunications plant in India and has doubled production capacity of communications parts. LS Cable plans to foster LS Cable & System India, or LSCI, as a specialized production base for communications harness to respond to India’s rapidly growing domestic market and target overseas markets such as Europe and North America. A communications harness is a cable component that connects mobile communications
Oct. 6, 2020
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SK hynix announces launch of DDR5 DRAM
SK hynix Inc. said Tuesday it has launched the world's first Double Data Rate 5 (DDR5) DRAM, as South Korea's No. 2 chipmaker strives to expand its presence with the next-generation memory product. SK hynix's 16 Gigabit (Gb) DDR5 DRAM, which was developed in 2018 using 1Ynm process technology, is now available on the market after completing various verification and compatibility tests. DDR5 is a next-generation DRAM standard that boasts fast speed and high density with reduced power consumpt
Oct. 6, 2020
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Samsung to spend 39.6b won for 31 research projects
Samsung Electronics Co. said Tuesday it will spend more than 39.6 billion won ($34.1 million) for 31 research projects in the areas of basic science, materials engineering and information and communication technology solutions through its foundation. The South Korean tech giant confirmed the research projects chosen for funding in the second half of 2020, which include studies related to human taste receptors, cell therapy and quadruped walking robots. Since 2013, Samsung has been funding loc
Oct. 6, 2020
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Samsung to host annual AI forum online next month
Samsung Electronics Co. said Tuesday it will hold an artificial intelligence (AI) forum online next month to share experts' insights on future technologies related to human-like algorithms amid the pandemic. The South Korean tech giant said the Samsung AI Forum 2020 will take place online via its YouTube channel on Nov. 2 and 3. Entering its fourth anniversary this year, the annual forum has been a platform for AI researchers to discuss their findings and ideas on the future of AI. Samsung
Oct. 6, 2020
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Carmakers' Sept. sales rise 3.4% on local demand
South Korean carmakers' vehicle sales rose 3.4 percent last month from a year earlier as robust domestic demand offset weak overseas sales amid the new coronavirus outbreak, industry data showed Monday. The five carmakers in South Korea -- Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. -- sold a combined 678,549 vehicles in September, up from 655,968 units a year ago, according to data from the companies. Strong sales of Hyundai and Kia
Oct. 5, 2020
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GC Pharma completes GCBT and GCAM sales to Grifols
GC Pharma on Monday said that it completed the sales of its American subsidiaries to Spanish firm Grifols three months after they initiated talks. “The proceeds from the transaction will be used to streamline management and for new business investments,” said Huh Yong-jun, CEO of GC. At $460 million, the sales of Green Cross BioTherapeutics in Montreal, Canada, and GCAM in the US, amount to the biggest cross border transaction of business units for a Korean pharmaceuticals firm.
Oct. 5, 2020
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LG OLED ad screen brightens Gangnam’s Teheran-ro
LG Electronics said Monday that it has completed the installation of an organic light-emitting diode screen on Teheran-ro in Gangnam-gu, Seoul. It is the country’s biggest light-box-style screen for outdoor advertisements, according to the firm. The 13-by-50-meter OLED advertisement panel appears on the facade of the Grand Intercontinental Seoul Parnas. The surface area of the panel is 650 square meters -- enough room for more than 510 of the company’s 65-inch TVs. The area where L
Oct. 5, 2020
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Duty-free shops in Jeju partially reopen following pandemic-caused suspension
South Korea's major duty-free operators partially reopened their stores on the southern resort island of Jeju on Monday after suspending operations for months over the new coronavirus outbreak. Industry leader Lotte Duty Free and its rival Shinsegae Duty Free said they will resume the operations of the cosmetics and other sections of their shops in Jeju from 2 p.m. to 6 p.m. during weekdays. The two major duty-free companies have suspended their in-city shops in Jeju since June due to falterin
Oct. 5, 2020
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S. Korea's mobile accounts top 70 million in Aug. on expanded 5G users
South Korea's mobile subscriptions topped 70 million in August thanks to a pickup in 5G users, data showed Monday. As of August, the country had 70 million mobile accounts, up 201,119 from the previous month, according to data from the ICT ministry. South Korea has a population of 51.8 million. The overall figure was boosted by a jump in 5G users, which reached 8.7 million, up 801,017 over the same period and accounting for 12.4 percent of total subscriptions. The monthly gain in 5G users mar
Oct. 5, 2020
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Kepco greenlights controversial Vung Ang 2 coal power plant project
Korea Power Corp. on Monday held a board meeting and decided to proceed with the Vung Ang 2 coal power plant project in Vietnam, according to the company. The South Korean state-run utility will build two 600-megawatt coal power plants in Ha Tinh Province, Vietnam. The total cost is $2.2 billion and Kepco will invest 220 billion won ($189 million) to acquire a 40 percent stake in the project from China Light & Power. Samsung C&T and Doosan Heavy Industries will be in charge of engin
Oct. 5, 2020
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SK Chairman to hold meeting with CEOs on Jeju Island
SK Group Chairman Chey Tae-won will hold his first face-to-face meeting with group management since the pandemic this month. According to industry sources, Chey and CEOs of SK Group’s major affiliates will gather on Jeju Island to hold its annual meeting CEO seminar and to discuss next year’s management strategies. SK Group said it has not yet finalized a schedule for the annual event. Every year, the meeting has been attended by Chey and his family members, including Senior Vice
Oct. 5, 2020
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[Monitor] Korea outperforms other OECD countries in GDP growth in Q2
Data released by the Bank of Korea on Sunday showed that South Korea performed better than other major countries in the second quarter in terms of gross domestic product growth. According to the BOK, Korea’s economy receded 3.2 percent on-year in the April-June period, but leaped to second place from the previous quarter’s 12th place. The list comprised the GDP growth rates of 36 countries that are members of the Organization for Economic Cooperation and Development, plus China and
Oct. 5, 2020
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Postech team develops ultrasensitive devices for microwave detection
Samsung Electronics said Sunday that a South Korean research team it funded has developed sensors that can detect microwaves with the highest degree of sensitivity that is theoretically possible. The research was led by professor Lee Gil-ho of Pohang University of Science and Technology and jointly conducted with Raytheon BBN Technologies, Harvard University and the Massachusetts Institute of Technology in the US, the Barcelona Institute of Science and Technology in Spain and the National Inst
Oct. 4, 2020
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Telecommuting, automation to continue long after pandemic: survey
Business leaders around the world expect remote working and automation will continue after the COVID-19 pandemic comes to an end, a recent survey has found. According to the survey conducted by global consulting firm PricewaterhouseCoopers with 699 chief executive officers of firms in multiple countries, remote collaboration and automation were chosen as the most likely long-term trends in the post-pandemic world, with 78 and 76 percent of the respondents respectively saying so. Having fewer p
Oct. 4, 2020
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Business community optimistic about Japan easing entry restrictions
South Korea’s business community expects to see the imminent relaxation of entry restrictions for travelers to Japan amid hopes of improving economic relations between the two countries, according to industry sources on Sunday. Regarding the possibility of the two governments pounding out an agreement easing the seven-month-long restrictions on entry to Japan amid the COVID-19 pandemic, industry officials are optimistic about maintaining better business relations with their Japanese pa
Oct. 4, 2020
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No. of foreign visitors to S. Korea dips 75% during H1: lawmaker
The number of international visitors to South Korea plummeted by more than 70 percent during the first half of 2020 due to the COVID-19 pandemic, according to a lawmaker Sunday. The number of inbound foreign travelers during the January-June period reached 2.14 million, marking a 74.7 percent plunge compared to the 8.44 million tally from a year ago, according to Rep. Lim O-kyeong of the ruling Democratic Party. Lim cited data submitted by the culture ministry ahead of the annual parliamentary
Oct. 4, 2020
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SK hynix to post mediocre Q3 earnings on weak chip prices: analysts
SK hynix Inc., South Korea's No. 2 chipmaker, is expected to report mediocre third-quarter earnings in the face of memory price decline, analysts here said Sunday. SK hynix was projected to log 7.9 trillion won ($6.7 billion) in sales in the July-September period, up 15.5 percent from a year earlier, while operating profit was estimated to surge 183 percent on-year to 1.3 trillion won over the period, according to Yonhap Infomax, the financial news arm of Yonhap News Agency, which compiled dat
Oct. 4, 2020
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Galaxy Note 20 Ultra's camera rated best performer: report
Samsung Electronics Co.'s latest flagship smartphone, the Galaxy Note 20 Ultra, topped the list of handsets with the best-performing cameras available in the market, a report showed Sunday. The Galaxy Note 20 Ultra, a high-end version of Samsung's phablet series, posted the highest marks among the latest smartphones, according to the report by US Consumer Reports. The high-end Note 20 Ultra has a 108MP wide-angle lens as well as 12MP telephoto and ultrawide cameras on the back. It features a m
Oct. 4, 2020
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LG to launch new rotating-screen smartphone this week
LG Electronics Inc. said Sunday its new dual-screen smartphone will go on sale in South Korea this week as the tech firm aims to boost its handset sales amid the pandemic. The Wing will hit local shelves on Tuesday, with a price tag of 1,098,900 won ($940), according to LG. In the United States, the Wing will be released on Oct. 15, the company added. LG already announced there would be no preorder reservations for the Wing. Instead, the company decided to hold a promotion for the full mont
Oct. 4, 2020
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Rate of workers taking child care leave still low in private sector: lawmaker
Although child care leave was introduced by the country more than 30 years ago, the rate of workers who use such leave at private companies is still significantly lower than that of civil servants, a lawmaker said on Saturday, citing recent official data. A total of 4.5 percent, or more than 54,800, of about 1.22 million government employee pension holders, were on child care leave as of June this year, Rep. Kang Byung-won of the ruling Democratic Party said. He cited data from the Korea Worke
Oct. 3, 2020