Sales of air tickets to Madrid increased 625 percent on-month in September amid growing hopes for a resumption of overseas tourism, as vaccination speeds up in South Korea. According to Interpark Tour, a leading travel agency here, demand for flights to European destinations sharply increased last month, compared with a month earlier. Sales of plane tickets to Zurich soared 275 percent, while those for Amsterdam grew 250 percent. Paris saw a jump of 76.3 percent, followed by Istanbul at 68 p

Consumer Oct. 15, 2021

Sustainability is a key trend in industrial design as Generation Z consumers prioritize conscious and valuable consumption when it comes to making purchases. The latest trend for those born between 1997 and the early 2010s, is not about being trendy, but about creating designs that people do not get sick of for a long period of time and thus leaving a smaller carbon footprint, said experts in industrial design who took part in the Herald Design Forum 2021 on Thursday. Benjamin Hubert, a Londo

Industry Oct. 14, 2021

Samsung Electronics started its mass production of the industry’s smallest 14-nano DRAM based on extreme ultraviolet technology. The South Korean tech giant announced Tuesday that the 5-layer memory product was made with the world’s most advanced technology currently in use. Samsung shipped the first samples of EUV DRAM modules to customers in March last year. The manufacturing process has increased wafer productivity by approximately 20 percent and reduced power consumption by

Industry Oct. 12, 2021

LG Electronics is expected to report its highest-ever quarterly sales in the third quarter of this year, but a sharply lower operating profit due to provision expenses for a US recall. The South Korean electronics firm on Tuesday announced its earnings guidance for the July-September period -- 18.7 trillion won ($15.5 billion) in estimated revenue and 540.7 billion won in estimated operating profits. LG Electronics’ revenue exceeded a previous record set in the second quarter of this y

Technology Oct. 12, 2021

Preparing for the era of self-driving cars, South Korean auto parts manufacturer Hyundai Mobis has unveiled a steering wheel that can be folded while not in use. The affiliate of Hyundai Motor said Monday that it has succeeded in developing the foldable steering wheel system that maximizes drivers comfort by allowing more space. It took around 2 years for the company to successfully develop the entirely new technology that has never been globally commercialized before and the company is curr

Mobility Oct. 11, 2021

Hyundai Motor Group Chairman Chung Euisun on Thursday will mark his one-year anniversary since taking office at the South Korean automotive group. With the new chief at the helm, Hyundai Motor has embarked on a journey of transforming into a future smart mobility company. According to Hyundai officials on Monday, Chung, who inherited the top job from his father and now honorary group chairman Chung Mong-koo last year, has always emphasized that the future lies on resolving problems that peop

Mobility Oct. 11, 2021

Hyundai Mobis will invest 1.3 trillion won ($1.09 billion) to build two new hydrogen fuel cell system plants in South Korea, it said Thursday. The affiliate of Hyundai Motor held a groundbreaking ceremony for one of the two to be built at the industrial complex in Cheongna International City, Incheon, with President Moon Jae-in and Deputy Prime Minister Hong Nam-ki in attendance. This new fuel cell plant along with the other to be established in the southeastern city of Ulsan are expected to

Industry Oct. 7, 2021

Samsung Electronics said Thursday it is unveiling an open-source software solution specially designed to expand the use of the compute express link memory platform. Dubbed a “scalable memory development kit,” or SMDK, it is the industry’s first solution for customers of the relatively new memory platform CXL developed by Samsung in May. CXL is an open interconnect standard that allows not only CPUs but also other high-performance computing system such as artificial intellige

Technology Oct. 7, 2021

South Korea’s Trade Minister Yeo Han-koo expressed concern over the US request on Korean chipmakers to disclose sensitive information about technology, clients and inventories, during his meeting Tuesday with US counterpart Katherine Tai, officials in Seoul said Wednesday. Yeo, who is currently attending a council meeting of the Organization for Economic Co-operation and Development in Paris, held bilateral talks with the US trade representative, where he relayed such opinion from local

Technology Oct. 6, 2021

Online shopping in South Korea jumped 16.8 percent on-year in August to 15.8 trillion won ($13.3 billion), the highest transaction amount ever recorded for the month since records began in 2001, data showed Tuesday. According to data from Statistics Korea, food delivery orders set a new record high of 2.4 trillion won, rising from the previous month when the figure stood at around 2.3 trillion won. Statistics Korea said the COVID-19 pandemic and this year’s Tokyo Olympics contributed to

Consumer Oct. 5, 2021