[Photo News] Eco-friendly mobile accessorizes

Samsung Electronics said Sunday it is operating a pop-up store featuring Samsung Eco Friends accessories made of eco-friendly materials such as recycled plastic and vegan leather. Launched by Future Generation Lab, consisting of Samsung employees in their 20s, the company said, the accessory line aims to appeal to conscious consumption trends among younger consumers.

Feb. 12, 2023

Kakao to join AI battle with Korean-language KoGPT

Kakao, the operator of South Korea’s No. 1 messenger app KakaoTalk, said Friday that it plans to expand its vertical Korean language-based artificial intelligence services based on an AI language model called KoGPT this year. Kakao CEO Hong Eun-taek said in its earnings conference that his group would seek to compete against global AI services with a specialized Korean language service. “The rise of hyperscale AI models like ChatGPT is both an opportunity and a crisis for Kakao,&rd

Feb. 10, 2023

Companies better prepared to handle workplace safety law after 1 year: report

A year after the country’s introduction of a workplace safety law, more companies have launched teams overseeing safety and gained a better understanding of the controversial act, a report said on Thursday. The latest report by the Korea Chamber of Commerce and Industry revealed that the number of companies who have launched a team to specifically handle workplace safety and health almost doubled in the past year. The latest survey was conducted in January and the previous one was carried

Feb. 9, 2023

SK Bioscience to invest W330b for Songdo relocation

SK Bioscience will invest a total of 325.7 billion won ($258 million) for the relocation of its research and production base to Songdo, Incheon, according to the company on Thursday. The new complex will have new R&D and production facilities as well as the company's new headquarters. The Songdo Global Research & Process Development Center will be built on a plot of land measuring 30,413.8 square meters, which the company purchased for 41.9 billion won. When the construction is comp

Feb. 9, 2023

[KH Explains] Why Samsung won't call production cut ‘a cut’

While the global chip industry is struggling to make ends meet amid sluggish demand and price falls, Samsung Electronics, the world’s largest memory chipmaker, said it will keep spending at a similar level to last year. Adding to that is that the tech giant has no plans to seek an "artificial cut" in production, bucking the trend of smaller rivals that have announced a reduction both in production and spending this year to manage their growing inventories. Samsung’s comment

Feb. 8, 2023

[From the Scene] Samsung store offers new shopping experience to Galaxy aficionados in LA

LOS ANGELES -- After last week's unveiling of the Galaxy S23 smartphone series and Book 3 laptop lineup at this year’s unpacking event in San Francisco, electronic device shoppers and tech aficionados flocked to a Samsung shop in Glendale, in the heart of Los Angeles, on Friday. Situated at the Americana at Brand shopping complex, the Samsung Experience Store is a two-story building with a 1,034 square meter floor space that was opened in February 2019 alongside two other stores loc

Feb. 7, 2023

Chong Kun Dang signs licensing deal with Synaffix to develop ADCs

Korean pharmaceutical firm Chong Kun Dang said Monday that it signed a licensing deal with Dutch company Synaffix to gain access to the latter's technologies needed to develop new antibody drug conjugates. The size of the deal, which was inked Friday, is estimated at around $132 million, plus tiered royalties on commercial sales in the future. “The company will speed up development of next-generation anti-cancer treatment through the latest deal with Synaffix,” said Chong Kun Da

Feb. 6, 2023

[Herald Interview] 'Premium laptops essential to complete Galaxy ecosystem'

SAN FRANCISCO -- Samsung Electronics is hoping to expand its presence in the global laptop market where it remains a tiny player, as people are replacing their laptops more frequently after pandemic disruptions. “The replacement cycle of laptops is getting shorter from the previous life span of five years on average since the electric devices are turning into true ‘personal computers’ during the pandemic years,” said Lee Min-cheol, corporate vice president of Samsung&rsqu

Feb. 6, 2023

LG’s symbolic headquarters to be refurbished in decade

LG Group said Monday it has kicked off the construction to renovate the lower floors of its symbolic LG Twin Towers, a landmark in Yeouido, western Seoul, where its major affiliates including LG Electronics are headquartered. Since the buildings were established in 1987, it is the second time the nation's fourth-largest conglomerate carries out a renovation of the two skyscrapers. It renovated the working spaces in the upper level floors in 2009, and it is the it is the first time the group

Feb. 6, 2023

[Photo News] NFT art in Times Square

Non-fungible artworks by renowned artist Barry X Ball are showcased on LG Electronics’ digital billboard in iconic Times Square in New York City on Sunday. The attached QR code allows visitors to experience the tech giant’s NFT art trade platform LG Art Lab.

Feb. 5, 2023

[Herald Interview] Samsung bets big on cameras to fight Apple

SAN FRANCISCO -- Samsung Electronics unveiled the new Galaxy S23 smartphones, the latest lineup of its flagship S series, on Wednesday, putting much emphasis on enhanced camera functions -- a secret weapon to fight against its archrival, Apple. “We’ve enhanced our camera system that allows users to take the best photos and videos in any environment. … The Galaxy S23 series not only comes with a 200-megapixel sensor but also provides a satisfactory camera experience with more

Feb. 5, 2023

[Weekender] Humanlike AI chatbot ChatGPT takes world by storm

Artificial intelligence has become a part of our lives, sparking innovation around every corner. After Google DeepMind's AlphaGo surprised the world by winning a historic match against Korean Go grandmaster Lee Se-dol in 2016, the ability of a new humanlike chatbot has recently opened people’s eyes to how far AI has progressed. California-based startup OpenAI released ChatGPT to the public in November last year and gained over 1 million users within a week. The AI-powered chatbot is a

Feb. 4, 2023

Naver to introduce search GPT in first half of year

South Korean internet giant Naver said Friday it will launch its own generative pretrained transformer, or GPT, for search functions by the end of June, as OpenAI's artificial intelligence chatbot ChatGPT has been taking the tech world by storm. “We are gearing up to handle new search trends, such as the generative AI that is gaining a lot of attention now. And we plan to introduce our own upgraded version of SearchGPT in the first half of this year,” Chief Executive Officer Cho

Feb. 3, 2023

SK Bioscience expected to log 70% drop in profit as COVID vaccine demand dwindles

Korean biopharmaceutical firm SK Bioscience is expected to log a sharp decline in its sales and operating profit for 2022, as demand wanes for COVID-19 vaccines, its key source of revenue, according to a report from a local securities firm on Friday. The company’s annual sales for last year are expected to drop 49 percent on-year to 474.2 billion won ($385.7 million), while its operating profit is also expected to plunge 70.3 percent to 141 billion won, the report released by Meritz Securi

Feb. 3, 2023

Samsung targets double-digit growth in Galaxy S sales

SAN FRANCISCO -- Samsung Electronics’ mobile head Roh Tae-moon said the South Korean tech titan counts on demand for its premium smartphone devices to drive double-digit growth in sales this year, despite the consumers’ pent-up desire for a phone shopping and macroeconomic headwinds. At a press conference held at the Chase Center in San Francisco, Wednesday, following the Samsung Galaxy Unpacked 2023 event, Roh showed confidence in expanding the tech firm’s presence in a glob

Feb. 2, 2023

Samsung bolsters ties with Qualcomm, Google to deter Apple

Samsung Electronics, the world’s largest smartphone maker by shipments, is bolstering ties with global tech giants Qualcomm and Google to build the next-generation extended reality ecosystem, as its archrival Apple, which tops in revenue, is expected to launch a mixed reality headset this year. At the annual unpacking event showcasing the new Galaxy S23 smartphone series, Roh Tae-moon, Samsung Electronics' president and head of mobile experience, appeared together with Qualcomm Presid

Feb. 2, 2023

Samsung Galaxy S returns with faster, more eco-friendly design

SAN FRANCISCO -- Samsung Electronics on Wednesday unveiled its flagship Galaxy S23 smartphone lineup equipped with upgraded camera functions, faster processors and even sustainable features, touting it “the most powerful S series ever.” The South Korean tech giant held the Samsung Galaxy Unpacked 2023 event at the Masonic Auditorium in San Francisco, with some 2,000 journalists and industry people in attendance. It was the first in-person unveiling of the S series phones after thre

Feb. 2, 2023

HLB's anticancer drug receives greenlight in China

The combination use of Jiangsu Hengrui Medicine’s camrelizumab and HLB Bio’s rivoceranib has received a novel drug approval from the National Medical Products Administration of China, HLB Bio announced Wednesday. With the approval, the camrelizumab-rivoceranib combination can be used as the first-line treatment for patients with unresectable hepatocellular carcinoma in China. The approval was given three years and nine months after the company started its phase 3 clinical trial April

Feb. 1, 2023

SK hynix, hit with first operating loss in decade, to cut spending

South Korean memory chipmaker SK hynix reiterated Wednesday its plan to halve investment and reduce production of low-profit products this year, as the company witnessed a sharp drop in profit amid severe slump in the global chip market. “Revenues continued to grow last year, but the operating profit decreased compared with a year earlier as the industry entered into a downturn from the second half,” SK’s Chief Financial Officer Kim Woo-hyun said during an earnings call for the

Feb. 1, 2023

[Photo News] D-1 new Galaxy

A Galaxy Experience Space at Powell Street, San Francisco is seen Tuesday, one day before Samsung Electronics unveils its latest flagship Galaxy S smartphone lineup in the US city. The tech giant plans to operate a total of 29 interactive experience spaces in key cities on Wednesday to allow visitors to try out its new smartphones and other mobile devices.

Jan. 31, 2023