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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[News Analysis] Are Musk’s EV battery ambitions too good to be true?
Elon Musk laid out five innovations for his new batteries at Tesla’s Battery Day event Wednesday, but experts and industry officials remain skeptical as the CEO failed to map out the specifics of the technologies. As part of the announcement, Musk said he would remove cobalt and maximize nickel inside the cathodes of the company’s new batteries. Cathodes are one of the four key components of lithium-ion batteries along with anodes, electrolytes and separators. A higher ratio of n
Sept. 23, 2020
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Coupang delves into computer parts biz, outcompeting go-betweens
Coupang is inching its way into the computer parts industry by offering lower prices and replacing distributors and retailers. Most recently, on Sept. 17, Nvidia’s GeForce RTX 3080 graphics cards were released in South Korea via Coupang. Intech & Company had imported the graphics cards through vendor Asus, but this time sold the graphics cards directly to customers by collaborating with Coupang’s Rocket Delivery network. Previously, importers such as Intech & Company, lac
Sept. 23, 2020
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LG reports more virus cases at headquarters building, shifts to remote work
More employees of LG Electronics Inc. working at its headquarters building in Seoul have been infected with the new coronavirus, company officials said Wednesday, prompting the tech firm to expand its remote working system. So far, five employees of LG Electronics have tested positive for COVID-19 in the past two days, forcing the company to partially shutter the West Building of LG Twin Towers in Yeouido, western Seoul. LG has closed floors six through nine of the building and ordered all
Sept. 23, 2020
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Service exports make highest contribution to economic growth since 2014: report
Service exports contributed more to South Korea’s economic growth than exports of goods for the first time since 2015, data showed Wednesday. According to the latest report from the Korea International Trade Association, service exports accounted for 0.5 percent of the nation’s gross domestic product growth in 2019, the highest percentage since 2014. Korea’s GDP growth stood at 2 percent, and exports of goods accounted for 0.2 percent of that growth. Service exports have i
Sept. 23, 2020
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Samsung, KDDI vet 5G networking slicing tech
Samsung Electronics Co. said Tuesday it has successfully verified an advanced 5G technology with Japanese telecom operator KDDI Corp. as the South Korean tech titan tries to expand its presence in next-generation wireless solutions. Samsung and KDDI joined hands to demonstrate 5G network slicing technology in Tokyo with the Radio Access Network Intelligent Controller (RIC) platform that efficiently controls network resources. Network slicing is considered a key technology for the 5G network
Sept. 23, 2020
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[Monitor] Trying to cope with COVID-19 changes
Four out of 10 residents in Seoul said their mental health suffered due to the COVID-19 pandemic, a survey conducted by the Seoul Metropolitan Government showed. The survey was conducted online and analyzed by IBM‘s artificial intelligence chatbot. As for reasons behind their mental health suffering, respondents cited economic hardship, lack of leisure and outdoor activities, sparse interaction with people, inconvenience in wearing masks and not being able to meet with family and friends.
Sept. 23, 2020
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Samsung releases new consumer SSD for gaming, high-end PC applications
Samsung Electronics Co. on Tuesday unveiled a new consumer solid state drive (SSD) product that boasts enhanced performance for gaming and high-performance PC applications. Samsung introduced the 980 PRO, the company's first consumer SSD based on the fourth generation of the Peripheral Component Interconnect Express (PCIe) motherboard interface with Non-Volatile Memory Express (NVMe) storage protocol. "Optimized for handling data-intensive applications, the 980 PRO is ideal for consume
Sept. 23, 2020
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Incheon Airport draws blank in duty-free auction amid pandemic
Incheon International Airport, the country's main gateway, failed to draw enough bidders in duty-free auctions Tuesday, its operator said, underscoring an extended slump in the duty-free business sector amid the coronavirus pandemic. The Incheon International Airport Corp. (IIAC) auctioned six duty-free sections for cosmetics, perfume, liquor, tobacco, fashion and miscellaneous goods in the airport's Terminal 1. As widely expected, industry leader Lotte Hotel and No. 3 player Shinsegae took pa
Sept. 22, 2020
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Korean officials fly to Jakarta to claim delayed KF-X payments
South Korean officials on Tuesday flew to Jakarta to claim development costs Indonesia owes to Korea for the joint development of next-generation KF-X fighters. According to industry sources, a Korean task force of 10 officials from Korea Aerospace Industries and the Defense Acquisition Program Administration will renegotiate with Indonesian officials from Wednesday to Thursday on how the Southeast Asian country will deliver its portion of development costs for the KF-X project. The joint K
Sept. 22, 2020
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Daewoong, Medytox clash over ITC’s review of determination
Daewoong Pharmaceuticals and Medytox on Tuesday gave contrasting interpretations of the US International Trade Commission‘s announcement to review parts of the final initial determination. The USITC decided Monday to review parts of the FID, accepting respondent Daewoong’s notice of a “new factual development” regarding the trade secret misappropriation allegation levied by complainant Medytox. Since 2016, Medytox and Daewoong have been engaged in legal disputes over t
Sept. 22, 2020
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Samsung Biologics seizes over $330m deal with AstraZeneca
Samsung Biologics signed to contract manufacture AstraZeneca‘s biologics drug for its global distribution, the company said Tuesday. The size of the contract is $330,840,300, open to grow to $529,599,900 if demand grows for AstraZeneca’s product. This deal seals the letter of intention Samsung Biologics and AstraZeneca forged on June 23. The contract culmination date is tentatively written as the end of 2028. “This long-term partnership with Samsung Biologics strengthens our
Sept. 22, 2020
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LG partially shutters headquarters building in Seoul over virus
LG Group, South Korea's fourth-largest conglomerate, on Tuesday said it has partially closed its headquarters building in Seoul over virus infections. The West Building of LG Twin Towers in Yeouido, western Seoul, has been shuttered partially after two employees of LG Electronics Inc. tested positive for the novel coronavirus, the group said. One employee came to work until Friday before testing positive for COVID-19 on Monday, while another received a positive virus test result Tuesday, accor
Sept. 22, 2020
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[Monitor] No. of travelers within country during Chuseok to decline 30%
With the continuing spread of COVID-19, the number of travelers visiting their hometowns or traveling locally during the upcoming Chuseok holiday is expected to decrease 30 percent from last year. The Transport Ministry said most travelers appear to be using cars for their travel. It predicted the morning hours of Sept. 30 and afternoon of Oct. 3 to see the heaviest traffic on expressways. (khnews@heraldcorp.com)
Sept. 22, 2020
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Samsung to introduce new Galaxy F smartphone line in India
Samsung Electronics Co. will introduce a new smartphone line in India, industry insiders said Tuesday, as the South Korean tech giant eyes to expand its presence in the world's second-largest smartphone market. Samsung's Indian unit recently said on Twitter that it will soon launch the Galaxy F smartphone series. The world's leading smartphone producer currently has the premium Galaxy S and Galaxy Note series, foldable Galaxy Z family and budget Galaxy A and M lines. The new Galaxy F lineup
Sept. 22, 2020
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LG unveils price of new rotating-screen smartphone
LG Electronics Inc. on Tuesday unveiled the price of its new dual-screen smartphone with a rotating form factor that will be released early next month in South Korea. LG Wing will come with a price tag of 1,098,900 won ($940), making it the cheapest non-bar type smartphone in the domestic market, according to the tech firm. The Wing, introduced last week, is highlighted by its two separate displays, with the main screen swiveling 90 degrees horizontally to reveal a secondary screen under it
Sept. 22, 2020
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Kia to resume operation of virus-hit local plant Tuesday
Kia Motors Corp. said Monday it will resume operations at one of two domestic plants that were suspended after some of its workers were infected with the coronavirus. Kia halted the operations of two plants in Gwangmyeong, just south of Seoul, from Wednesday through Monday, with all of the 6,000 employees at the plants staying at home, a company spokesman said over the phone. "The company will resume operation of the No. 1 plant (in Gwangmyeong) tomorrow under health authorities' guidan
Sept. 21, 2020
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Hyundai Motor, union agree to freeze wages amid pandemic
Hyundai Motor Co. and its labor union agreed Monday to freeze wages for the first time in 11 years as the carmaker struggles to ride out the impact of the coronavirus pandemic. The two sides reached a wage deal without a strike for the second consecutive year, the company said in a statement. The union accepted the company's proposal that included a freeze on basic pay, a one-off bonus amounting to 150 percent of monthly salary, 1.2 million won ($1,029) in special COVID-19 allowance, 10 com
Sept. 21, 2020
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Airbus aims for hydrogen-powered plane by 2035
PARIS -- Airbus is aiming to put the world's first hydrogen-powered commercial plane into service by 2035, the European aircraft maker's boss said in remarks published Monday. Hydrogen is a clean fuel, emitting only steam, but whether it is green depends on the carbon footprint of the fuels used to produce it. France and other European countries are investing billions of euros in the development of green hydrogen, with the highly polluting transport industry a prime area for its intended use
Sept. 21, 2020
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S. Korean healthcare exports up 42% on-year in Aug.
South Korea's healthcare and cosmetics exports rose 42 percent last month from a year ago, led by shipments of COVID-19-related medical devices, industry data showed Monday. According to data from the Korea Health Industry Development Institute (KHIDI), South Korea's exports of pharmaceuticals, cosmetics and medical devices came to $1.69 billion in August, marking the 12th consecutive month of increase since September last year. The rise is largely attributable to growing demand for coronav
Sept. 21, 2020
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Doosan sells Doosan Tower for W800b to Mastern Investment
Doosan Group said Monday the firm sold its iconic building Doosan Tower to real estate investment company Mastern Investment Management for 800 billion won ($689 million). Doosan said the sale is aimed at improving the group’s financial structure. The group sold Doosan Solus and Doosan Tower one after another to normalize the management of its struggling construction firm Doosan Heavy Industries & Construction. It is also seeking to sell other subsidiaries such as Doosan Infracor
Sept. 21, 2020