Samsung Electronics Co.'s share in the global DRAM market declined slightly in the first quarter of the year, a report showed Wednesday, though it maintained the dominant status amid bullish demand for memory. The South Korean tech giant posted a 42 percent share of the global DRAM flash market in terms of revenue in the January-March period, down only 0.1 percentage point from a quarter earlier, according to market tracker TrendForce. Samsung's revenue came to $8.07 billion in the first three

Industry May 12, 2021

The intelligence chiefs of South Korea and Japan held a meeting in Tokyo and exchanged views on North Korea and other bilateral issues, Japanese media reports showed Wednesday. Park Jie-won, head of South Korea's National Intelligence Service (NIS), met with Hiroaki Takizawa, Japan's cabinet intelligence director, on Tuesday, according to JNN and Kyodo News. Park is in Tokyo for trilateral talks with Takizawa and US Director of National Intelligence Avril Haines. Park and Takizawa reportedly e

Foreign Affairs May 12, 2021

White House policy coordinator for Indo-Pacific Kurt Campbell has said the United States understands the problem South Korea faces due to its vaccine shortage and is doing its utmost for its Asian ally, a former South Korean prime minister said Tuesday. Hwang Kyo-ahn said Campbell has also agreed during a meeting with him in Washington to personally report to the White House his request for 10 million doses of COVID-19 vaccines. US President Joe Biden has said his country will become an "

Foreign Affairs May 12, 2021

South Korea reported the largest job growth in almost seven years in April in the latest sign that the job market is recovering from a yearlong slump caused by the pandemic, data showed Wednesday. The number of employed people reached 27.2 million last month, 652,000 more than a year earlier, according to the data compiled by Statistics Korea. It marked the largest on-year increase since August 2014, when the number of employed people rose 670,000. The April reading also marked the second str

Economy May 12, 2021

K-pop superstars BTS will put on its first performance of the upcoming release "Butter" at the Billboard Music Awards (BBMAs) scheduled for later this month. The seven-piece act will be performing at the annual music awards for the fourth consecutive year, unveiling "Butter" at the ceremony scheduled for May 23 (US time), according to the BBMAs. The performance comes just two days after the scheduled release of the act's second English single "Butter," which will

K-pop May 12, 2021

South Korea and the United States were to hold biannual defense talks in Washington on Wednesday to discuss regional security situations and major bilateral issues, such as the transition of the wartime operational control (OPCON), the defense ministry said. During the 19th Korea-US Integrated Defense Dialogue (KIDD) set to run through Thursday, the two sides will discuss "major pending security issues, such as the assessment of the security situation on the Korean Peninsula and the policy

Defense May 12, 2021

The South Korean dance group Ambiguous Dance Company has made a surprise appearance during British rock band Coldplay's latest performance at the Brit Awards. The dance company, known for its unique choreography and playful vibe, performed alongside Coldplay in its performance of its new single "Higher Power" during the music awards ceremony held in London on Tuesday (local time). Six members of the dance group appeared as neon-colored holograms as the British rock band sang the gala

Performance May 12, 2021

WASHINGTON -- Richard Haass, head of a US think tank, was awarded a South Korean medal Tuesday for his contributions to the strengthening of the US-South Korea alliance. The chief of the New York-based Council on Foreign Relations (CFR) received the Gwanghwa Medal of the Order of Diplomatic Service Merit from South Korean Ambassador Lee Soo-hyuck in a ceremony in Washington. The Gwanghwa Medal is the highest honor in the Order of Diplomatic Service Merit that is given to those "who have r

Foreign Affairs May 12, 2021

WASHINGTON -- A man suspected of killing eight people in a shooting at three Atlanta-area spas was indicted on Tuesday on murder charges while the prosecution says it will also seek hate crime charges, a report said. The 22-year-old suspect, Robert Aaron Long, was charged with killing the eight people, six of them women of Asian descent, in the March 16 attack. A grand jury in Fulton County indicted the suspect on charges of murder that took place at two day spas in Atalanta, according to an A

Foreign Affairs May 12, 2021

WASHINGTON -- A US State Department spokesman rebutted a Chinese diplomat's warning for countries to stay away from the US-led regional forum, Quad, on Tuesday, saying the Quad is an informal but essential mechanism to promote a free and open Indo-Pacific. Ned Price made the remark after the Chinese ambassador in Bangladesh, Li Jing, said in a statement that the South Asian country should not join the Quad or its relations with China will "substantially be damaged." "We have tak

Foreign Affairs May 12, 2021

Samsung Electronics Co. on Tuesday introduced its expanded lineup of customizable home appliances to global audiences as the South Korean tech giant aims to boost sales amid the pandemic-driven stay-at-home trend.  The company said its BESPOKE Home solutions will be available in more countries this year with more products.  BESPOKE is a brand promoted by Samsung that allows consumers to tailor their own configurations by material, color and modules to meet user preferences in home ap

Consumer May 11, 2021

The United States may consider sharing COVID-19 vaccines with North Korea if requested by the impoverished nation, if the vaccines will reach the intended beneficiaries, a US news outlet reported Tuesday. CNN noted the sharing of vaccines may help resume diplomatic dialogue with the North but that no request for assistance has been made. "While we are open to considering DPRK requests for humanitarian assistance, these would need to be accompanied by effective monitoring to ensure that it

North Korea May 11, 2021

Biotech company GC Pharma failed Tuesday to get conditional approval for its experimental plasma treatment against the new coronavirus.  The Ministry of Food and Drug Safety rejected GC Pharma's application for the drug, GC5131A, submitted late last month, after an advisory panel of experts found its second-phase clinical trial involving 63 patients failed to prove its remedy effect. The agency concluded that there were no meaningful differences between the control group and experimental

Social Affairs May 11, 2021

Foreign Minister Chung Eui-yong and his New Zealand counterpart Nanaia Mahuta held telephone talks on Tuesday and shared concerns about Japan's planned release of contaminated water from the Fukushima nuclear plant, the ministry said. Last month, Tokyo approved a plan to dump more than 1 million tons of radioactive water from the wrecked nuclear power plant into the Pacific Ocean, sparking strong criticism from its local fishing industry and neighboring countries. During the talks, Chung exp

Foreign Affairs May 11, 2021

LG Uplus Corp., a major South Korean telecom operator, said Tuesday it will invest more than 300 billion won ($267.9 million) to build a new internet data center amid growing user demand. The company said in a regulatory filing that it will invest 318.1 billion won for a new internet data center from June 1 until Dec. 31, 2023. The move comes after LG Uplus CEO Hwang Hyeon-sik vowed earlier this year to focus on new businesses aimed at corporate customers. LG Uplus currently operates four in

Industry May 11, 2021