[Science Summit] Samsung aims high with biotechnology

Samsung Group has more recently focused considerable resources into the biotechnology business with aims to become a major force in the still nascent but lucrative market.The nation’s largest conglomerate is investing at least $2 billion in biopharmaceuticals, especially the soaring segment of biosimilars -- cheaper copied versions of branded drugs whose patent has expired. Samsung Biologics` production plant in Songdo, IncheonAnd two Samsung units -- Samsung Bioepis and Samsung Biologics -- are

Oct. 18, 2015

[Science Summit] Samsung Electronics at forefront of innovation

Samsung Electronics, the crown jewel of Samsung Group, has been leading the nation’s technological innovation for decades. Amid enhanced economic uncertainties, the company pledges to fend off challenges through innovative new products and relentless research and development efforts.  Samsung Group`s headquarters buildings in Seocho-dong, southern SeoulThe company recently posted third-quarter earnings guidance that beat analysts’ estimates. The company estimated its profit rose almost 80 percen

Oct. 18, 2015

Hyundai Card, VAN companies clash over Samsung Pay

Value-added network, or VAN, operators are resisting Hyundai Card’s recent decision not to pay sales slip fees for payments made by Samsung Pay, the Korean tech giant’s new mobile wallet service. VAN companies get paid for collecting credit card slips from merchants and inspecting illegal card use. They earn about 20 to 30 percent of the revenue from the process. But Hyundai Card, the nation’s second-biggest card issuer affiliated with Hyundai Motor Group, has recently decided to stop paying fee

Oct. 18, 2015

Science ministers to tackle global issues

The OECD Ministerial Meeting Daejeon 2015 and World Science and Technology Forum will kick off in Daejeon on Monday.　Ministers, scientists, and officials from international organizations will gather in the city, often dubbed as an innovation hub in South Korea, to discuss how to achieve sustainable economic growth and to address global challenges including climate change and poverty through science and technology. First ICT Vice Minister Lee Seok-jun speaks Friday about programs for the science

Oct. 18, 2015

[Photo News] Sony releases workout gadget

SONY RELEASES WORKOUT GADGET-- Sony Korea launches smart sports gear Smart B-Trainer, featuring an MP3 player, gyroscope, GPS and heart rate sensor, in Seoul on Friday. (Sony)

Oct. 16, 2015

[Photo News] Exploration of virtual tech

EXPLORATION OF VIRTUAL REALITY TECH -- Choi Jin-sung (right), chief technology officer of SKT, and Leap Motion CEO Michael Buckwald pose after signing a partnership agreement in Seoul on Thursday. SK has sought a global partner to develop virtual reality multimedia services. (SKT)

Oct. 16, 2015

LG Chem appeals to Chinese clients with new tech center

LG Chem on Wednesday opened its first Chinese tech center aiming to respond more promptly to local demands in the all-important market.The two-story building with one basement is located at a 4,000 square-meter site in Guangzhou, the capital city of Guangdong Province in southern China. A total of 10 billion won ($8.8 million) was invested for the construction alone. Some 40 researchers, including those hired locally, will be working at the new facility to offer total solutions for product devel

Oct. 15, 2015

LG CNS builds mega floating solar power plants in Korea

South Korea’s leading energy solutions developer LG CNS said Thursday that it had completed the construction of two floating photovoltaic power plants in Otae and Jipyeong Reservoirs in Sangju, North Gyeongsang Province.The two floating solar power plants, each with 3 megawatts generating capacity, are the largest in terms of capacity of power generation. LG CNS‘s floating solar power plant on Otae Reservoir in Sangju, North Gyeongsang Province. (LG CNS)The solar panels cover around 64,000 squar

Oct. 15, 2015

[Photo News] Wall-mounted washer enjoys steady growth

WALL-MOUNTED WASHER ENJOYS STEADY GROWTH -- Dongbu Daewoo Electronics said Thursday the accumulative sales of its wall-mounted front-loading washer Mini surpassed 100,000 units worldwide, posting more than 30 percent growth in sales every year since its release in 2012. (Dongbu Daewoo)

Oct. 15, 2015

[Photo News] KT recognized for Wi-Fi technology

KT RECOGNIZED FOR WI-FI TECHNOLOGY -- South Korea’s leading mobile carrier KT said Thursday its kt wiz park, the home stadium for the kt wiz professional baseball team in Suwon City, won the Best High Density Wi-Fi Deployment in a Venue -- an award granted to a network operator achieving the best advances in venue deployments -- at the WiFi Industry Awards 2015 in San Jose, California, on Wednesday. The award event is organized by the Wireless Broadband Alliance, an industry organization to prom

Oct. 15, 2015

[Photo News] Galaxy Note glitters with new colors

GALAXY NOTE GLITTERS WITH NEW COLORS -- Samsung Electronics said Thursday it has added new color options -- silver titanium and gold pink -- for its premium phablet Galaxy Note 5 lineup. The mobile device now comes in five colors including white pearl, black sapphire and gold platinum. (Samsung)GALAXY NOTE GLITTERS WITH NEW COLORS -- Samsung Electronics said Thursday it has added new color options -- silver titanium and gold pink -- for its premium phablet Galaxy Note 5 lineup. The mobile device

Oct. 15, 2015

Korean video start-up teams with Yahoo Japan to help small businesses

　Korean start-up Shakr, a video-making platform for small businesses, has taken its next step in global expansion with an exclusive partnership with Yahoo Japan.　 　The strategic content deal allows Japanese small business owners to create their own video ads through the portal, the country’s most visited website, on the new platform Yahoo Japan Video Creator, which is powered by Shakr and launched last month.Shakr CEO David Lee poses ahead of an interview with The Korea Herald at the company`s o

Oct. 14, 2015

[Photo News] German president at LG Display

Oct. 14, 2015

Korea's mega-hit game 'Crossfire' goes Hollywood

Korean game developer Smilegate Group is teaming up with Hollywood production company Original Film for the big screen adaptation of its mega-hit shooting game “Crossfire.”This is the first time for a Korean-made game to be adapted for the silver screen. Launched in 2007, “Crossfire” was the world’s top-grossing online game last year, raking in 1.5 trillion won ($1.3 billion) in global sales. The number of concurrent users exceeds 6 million, the largest figure for a single game. Smilegate said W

Oct. 14, 2015

Start-up incubators encourage entrepreneurs to overcome fear of failure

Global venture incubators advised start-up wannabes to do something for failure rather than for success to disrupt the market.　Participating in Startup:CON 2015, a start-up conference organized by the Korea Creative Content Agency and the Ministry of Culture, Sports and Tourism on Wednesday, Luke Iseman, start-up incubator Y Combinator’s director of hardware, said those who want to make hits in the start-up scene have to be “crazy about what they do to change the world.”Luke Iseman, start-up inc

Oct. 14, 2015