Samsung, world's global brand value ranks 5th two years in a row

Samsung Electronics Co., the world’s leading maker of smartphones and memory chips, was ranked fifth among the world’s top 100 corporate brands for the second year in a row, according to a consulting firm Thursday. The brand value of South Korea’s IT giant was estimated at $74.6 billion this year, increasing 20 percent from $62.3 billion last year, according to the list of 100 Best Global Brands announced by US-based Interbrand. This is the highest gain observed since 2013 an

Oct. 21, 2021

Merck’s M Lab Collaboration Center marks 5th year anniversary

Merck, the German science and technology group, on Thursday celebrated the fifth anniversary of its M Lab Collaboration Center in Songdo, Incheon. The M Lab Collaboration Center is a research facility established to support local pharmaceutical and bio industry experts with hands-on and virtual training. “Since its establishment in 2016, our Songdo M Lab Collaboration Center has supported more than 100 biopharmaceutical and biotech customers including Samsung Biologics, Celltrion and SK

Oct. 21, 2021

49 new color combinations available for Galaxy Z Flip3

Samsung Electronics on Wednesday unveiled the Bespoke edition of its Galaxy Z Flip3, offering as many as 49 new color choices for the clamshell-type foldable smartphone. Samsung presented the new edition on its YouTube channel at 11 p.m. at an event called Galaxy Unpacked, Part 2. The frames come in two colors, black and silver, and customers can choose from five Bespoke colors for the front and rear of the device: blue, yellow, pink, white and black. A total of 49 new combinations are a

Oct. 20, 2021

Nuri rocket’s launch to go ahead as scheduled Thursday

South Korea’s first domestically developed satellite launch vehicle has been moved to the launch pad for liftoff as scheduled on Thursday, the Ministry of Science and ICT said Wednesday. As favorable weather is forecast for Thursday, the launch will go on as scheduled at the Naro Space Center in Goheung, South Jeolla Province, the ministry added. The three-stage liquid fuel rocket, also known as Korean Space Launch Vehicle II or Nuri, will blast off at 4 p.m., with the moment to be live

Oct. 20, 2021

SK Hynix introduces Gen.4 HBM product for data centers

In an industry first, SK Hynix has developed the fourth generation of high bandwidth memory, or HBM3, the company said Wednesday. HBM is a high value DRAM product with fastened data processing, which combines multiple DRAM chips vertically. Demand for HBM products has been growing from high-performance data center businesses as well as machine learning platform operators. SK Hynix has three previous HBM products, HBM, HBM2 and HBM2E, and the latest development is an update to the HBM2 by in

Oct. 20, 2021

[Herald Interview] Philips in for long-term partnership with Korean partners: CEO

In a world rapidly digitalizing amid the COVID-19 pandemic, Philips seeks to strengthen its partnership with innovative Korean health care providers, said Frans van Houten, the chief executive officer of the Dutch health technology firm. Through a virtual interview with The Korea Herald on Monday, Van Houten highlighted the importance of having long-term partnerships with health care providers around the world, including those in markets like Korea with strong technological prowess and quali

Oct. 20, 2021

NSC expresses 'deep regret' over N. Korea ballistic missile launch

The National Security Council expressed "deep regret" Tuesday over North Korea's launch of a short-range ballistic missile and urged Pyongyang to return to dialogue. The council met shortly after the North fired the missile toward the East Sea, according to Cheong Wa Dae. "The council members expressed deep regret that North Korea's launch occurred while active consultations are under way with the United States, China, Japan, Russia and other major countries to advance the Korea

Oct. 19, 2021

[News Focus] Will Windows 11 revive PC demand in South Korea?

Windows 11, released on Oct. 5 worldwide, is expected to offer a fresh round of changes for South Korean computer users, global PC makers and distributors, but a mix of unpredictable factors such as COVID-19, the chip shortage and the launch of compatible devices could affect how the new operating system will be received in the coming months. On major online communities here, users continue to share their experiences of Microsoft’s new operating system that comes with an overhauled user

Oct. 18, 2021

Google to launch new subscription bundle

South Korea’s smartphone makers and subscription service providers are expected to face increasing competition from Google, as the tech giant is set to introduce a subscription-based bundle that includes a phone and various Google services, to lock more users into its ecosystem. According to industry sources Monday, Google is likely to launch the Pixel 6 and Pixel 6 Pro smartphones in the US on Tuesday, local time. It is also set to unveil a new subscription service, Pixel Pass, which bu

Oct. 18, 2021

LG Electronics takes part in Vogue Summit in Poland

With a common goal of achieving sustainability in the fashion industry, South Korean tech giant LG Electronics took part in an environmental conference hosted by global fashion magazine Vogue in Poland, the company said Monday. Organized by Vogue Polka with Boston Consulting Group, the Business Fashion Environment Summit was held last month for the second time, and LG participated as an official partner, highlighting its commitment for sustainability and eco-friendliness. The event took plac

Oct. 18, 2021

LG Innotek staff explore new business ideas

LG Innotek said on Monday it is running an open audition program where its employees make proposals to explore new businesses. Employees of the electronic components supplier present their ideas to “i-Lab,” short for “innovation lab,” through video conferences, and get “likes,” questions and feedback from other employees on a real time basis. The 10 ideas that get the most “likes” will be reviewed by management, including the company’s chie

Oct. 18, 2021

Samsung’s used phone upcycling program wins global award

The used phone upcycling program of Samsung Electronics has been chosen as an exemplary case of responsible business management. According to the mobile industry on Monday, the South Korean tech giant’s “Galaxy Upcycling at Home” program received the circular transition award at this year’s Reuters Responsible Business Awards. The award is an annual event that has been taking place since 2009 to acknowledge excellent sustainability business strategies. Samsung Electron

Oct. 18, 2021

Countdown on for S. Korea's self-developed satellite launcher Nuri

South Korea will test its first domestically-developed satellite launch vehicle this week, which, if successful, will mark a major step forward in the country’s space program. The three-stage liquid fuel rocket, also known as Korean Space Launch Vehicle II or the Nuri, will lift off at 4 p.m. on Thursday from the Naro Space Center in Goheung, South Jeolla Province, carrying a 1.5-ton dummy payload. If all things go well, the payload will enter into low orbit 600 to 800 kilometers above

Oct. 17, 2021

S. Korea’s car production drops in Q3 on global chip shortage

South Korea’s car production in the third quarter this year dropped, marking the lowest level since the 2008 global financial crisis, according to a local industry report, Sunday. According to Korea Automobile Manufacturers Association’s report, the combined number of automobiles domestically manufactured during the July-September period reached 761,975, down 20.9 percent on-year. The figure was the lowest since 2008, when local carmakers’ production reached 760,121 during

Oct. 17, 2021

LG Electronics launches tiiun, a smart plant growing device for home gardeners

LG Electronics has added a plant germinator to its smart home appliance portfolio, targeting people with black thumbs wishing to grow plants and flowers indoors.   "While many South Koreans attempt to grow plants at home these days, more than 60 percent have expressed difficulty in keeping them alive. LG tiiun was launched to resolve this pain point prevalent among consumers,” said Sprout Company CEO Shin Sang-yoon at the media event held Thursday.  Sprout Company is part

Oct. 15, 2021

5 startups spin out from Samsung

Five in-house startups that have built business models upon the COVID-19 pandemic will spin out from Samsung Electronics, said the tech giant Thursday. Samsung said the five new spin-outs are the outcome of Samsung employees’ efforts to develop solutions for the post-pandemic era, raising growth prospects of the startups. One of them is DiaVision, a group of employees from Samsung’s medical equipment business, which has developed a quick COVID-19 diagnosis kit based on image reco

Oct. 14, 2021

Is injection technique responsible for vaccine side effects?

Wrongly administering COVID-19 vaccines into blood vessels instead of the muscles could be behind the serious side effects, some studies have suggested. An Aug. 2 report published by the Journal of Korean Medical Sciences is one of the first in the country to suggest that technique known as aspiration -- which is pulling back on the syringe plunger before injecting the vaccine to ensure no blood vessel is accidentally punctured -- may provide better chances of avoiding side effects. The rep

Oct. 13, 2021

[News Focus] Hyperlocal e-commerce platforms taking off amid disputes over taxation

Trading of secondhand goods is nothing new. But when it is combined with a convenient mobile app and hyperlocal community functionalities, something radically different can be envisioned. A striking case in point is the soaring success of Danggeun Market, a startup which has popularized hyperlocal e-commerce app Karrot. “Danggeun,” which means carrot as well as an abbreviation for “in your neighborhood” in Korean, is now a symbol of mobile secondhand item trading here.

Oct. 13, 2021

Samsung likely to make Galaxy Flip3 ‘Bespoke’

Samsung Electronics may debut Galaxy smartphones with the “Bespoke” concept, which would allow users to customize device designs to suit their personal tastes. “Our users are multifaceted and live life in so many colorful, interesting, and unique ways,” the South Korean tech giant said in an invitation sent out to global customers and media for an additional event for the Galaxy family on Oct. 20. “As such, the technology they use every day should reflect thei

Oct. 13, 2021

EuBiologics files for phase 3 study of homegrown COVID-19 vaccine

EuBiologics has asked for the Ministry of Food and Drug Safety’s approval on its plan to conduct a phase 3 clinical trial of its self-developed COVID-19 vaccine candidate, becoming the second South Korean company to reach that stage in the race to develop homegrown vaccines. According to the company’s regulatory filing on Wednesday, the clinical study of its vaccine candidate EuCorVac-19 will involve 4,000 participants. The safety and efficacy of the vaccine will be evaluated throu

Oct. 13, 2021