Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Seoul Metro to seek legal action against malicious complaints
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Golden chance to liquidate babies’ gold rings?
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Illit, mired in controversy, remains on Billboard charts for 5th week
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Samsung to supply 5G equipment to India’s Airtel
Samsung Electronics said Thursday it has inked a deal to supply 5G network equipment to India’s telecom giant Bharti Airtel, its first 5G equipment deal made in the world’s second-largest telecom market. According to the South Korean tech giant, Airtel, India’s No. 2 telecom carrier and the No. 4 globally with 490 million subscribers, on Wednesday selected Samsung as one of its equipment partners ahead of its planned launch of 5G network services this month. Under the deal,
Aug. 4, 2022
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[Newsmaker] Korea to shoot for the moon Friday
South Korea’s first lunar mission Danuri is all set to be launched into space on a SpaceX Falcon rocket on Friday morning, the Ministry of Science and ICT said Thursday. According to the ministry, the SpaceX Falcon rocket has been erected at the Cape Canaveral Space Force Station in Florida as of 11:15 a.m., Korea time. Danuri, formally known as the Korea Pathfinder Lunar Orbiter, will blast off at 8:08 a.m. on Friday, Korea time, or 7:08 p.m. on Thursday, local Eastern Standard time.
Aug. 4, 2022
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Samsung rolls out futuristic memory, storage tech tailored to big data
Memory chip giant Samsung Electronics said Wednesday it unveiled a set of next-generation memory and storage technologies to better address various client demands for handling big data. Choi Jin-hyeok, executive vice president of memory solution and product development at Samsung Electronics, told an audience at the Flash Memory Summit 2022 that the array of technologies, including “perabyte storage,” “memory-semantic solid state drive” and “telemetry” is cru
Aug. 3, 2022
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SK hynix unveils 238-layer 4D NAND flash memory
SK hynix said Tuesday that it had unveiled plans to mass-produce the industry‘s first 238-layer four-dimensional NAND flash memory in the first half of 2023. At the Flash Memory Summit of 2022 held in Santa Clara, California, Choi Jung-dal, head of NAND development at SK hynix, said the newest NAND flash, which boasts the highest layer count and highest triple-level cell density in the industry, has been sampled by clients after the development was complete in July. The technological br
Aug. 3, 2022
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Researchers develop mass production technology for biodegradable microrobots
Scientists have developed a new technology to allow mass production of biodegradable microrobots that are likely to contribute to improving the efficacy of regenerative medicine such as stem cell therapy, Daegu Gyeongbuk Institute of Science and Technology said Tuesday. A joint research team composed of scientists at DGIST, Seoul St. Mary’s Hospital of The Catholic University of Korea and Swiss public university ETH Zurich came up with a method to produce over 100 biodegradable microrobo
Aug. 2, 2022
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Lawmakers float bill to triple tax benefits for chipmakers
South Korean lawmakers are poised to propose a new bill aimed at providing domestic chipmakers with more extensive tax benefits in return for facility investment, a step toward its own version of the US-passed CHIPS Act to be effective Thursday. The new bill, unveiled Tuesday by a group of lawmakers led by independent lawmaker Rep. Yang Hyang-ja, is designed to triple the tax incentives for chipmakers, an apparent move to encourage more investment from semiconductor players. At least 20 perce
Aug. 2, 2022
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SK hynix completes Key Foundry acquisition
South Korean chipmaker SK hynix said Tuesday it has completed the acquisition of domestic contract-based chip manufacturer Key Foundry The announcement came nine months after SK hynix signed a 575.8 billion won ($440.3 million) deal in October to acquire the entire stake of the 200-millimeter wafer foundry company based in Cheongju, North Chungcheong Province, from local private equity firms Alchemist Capital Partners and Gravity Private Equity. SK hynix added that it has won the antitru
Aug. 2, 2022
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LG Chem looks to begin final stage of clinical trials for gout drug with FDA
LG Chem has applied for phase 3 clinical trials of its gout treatment candidate Tigulixostat with the US Food and Drug Administration, the South Korean company said Monday. If the application gets the go-ahead sign from the FDA, it will mark the first time for LG Chem to carry out phase 3 clinical trials of its self-developed new drug candidate globally including in the US, according to the company. Gout is a painful form of arthritis that is characterized by sudden, severe attacks of pain, sw
Aug. 1, 2022
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SK Bioscience eyes Europe as market for COVID-19 vaccine
SK Bioscience has submitted the application for conditional approval of the COVID-19 vaccine SKY Covione with the European Medicines Agency in efforts to expand its presence in the global market, the South Korean vaccine developer said Monday. Beginning with the European region, SK Bioscience said it will look to showcase the South Korean COVID-19 vaccine on the global stage as the size of the coronavirus vaccine market grows rapidly. South Korea’s Ministry of Food and Drug Ministry gav
Aug. 1, 2022
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[Market Eye] Will Samsung make cars again?
“Will Samsung make cars again?” is a decades-old question that has dogged the tech giant since it sold off its automotive business to France’s Renault Group during the Asian financial crisis in the late 1990s. Samsung has seen success in almost every sector it set sights on, but making and selling its own brand cars has remained a rare failure for the nation’s largest conglomerate. Despite repeated denials by the top brass, speculation has resurfaced about Samsun
July 31, 2022
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Krafton’s popular battle-royale game banned in India
South Korean gaming giant Krafton’s popular battle-royale format game Battleground Mobile India, the Indian version of its global smash hit PlayerUnknown’s Battlegrounds, has been slapped with a download ban in India, its Seoul headquarters confirmed Friday. Both Google and Apple removed the gaming app from their respective app stores on Thursday, citing the Indian government’s ban order. “We are still checking on the situation with the local authorities,” a Kr
July 29, 2022
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LG, SoundHound team up for in-car voice assistant system
LG Electronics said Thursday it has teamed up with US audio experts SoundHound to develop an artificial intelligence-based voice system for vehicles with demand growing for both driving convenience and safety. Best known for its music recognition service, Santa Clara, California-based SoundHound supplies voice assistant systems to a slew of automotive, mobile devices, smart home and robotics companies. As part of a memorandum, SoundHound’s voice recognition technology will be applied t
July 28, 2022
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Drug Ministry looks to become 1st WHO-listed authority
South Korea’s Ministry of Food and Drug Safety aims to become the first regulatory body recognized by the World Health Organization to hold globally recognized authority for granting domestic permits of new drugs by December, officials said Thursday. Introduced earlier this year, the WHO-Listed Authority, or WLA, is the global organization’s initiative to certify a regulatory body as a globally recognized authority to replace the procurement-oriented concept of stringent regulatory
July 28, 2022
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Launch of Korea's 1st lunar mission 'Danuri' delayed
The highly anticipated launch of Danuri, South Korea’s first lunar mission, has been postponed at least two days, the Ministry of Science and ICT said Thursday. Danuri’s launch, which was planned to take place on Aug. 2 from the Cape Canaveral Space Force Station in Florida on a SpaceX Falcon rocket, has been delayed after SpaceX found that it needed to carry out additional checkups on the space vehicle before the launch. The ministry said SpaceX is currently in the process of obt
July 28, 2022
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Samsung’s profit surges 12% in Q2 on server demand, premium phone sales
Samsung Electronics logged an operating profit of 14.1 trillion won ($10.77 billion) during the second quarter, up 12.2 percent from the previous year despite rising material prices and recession fears that are weakening consumer demands, the company said Thursday. The South Korean tech giant’s quarterly revenue from April to June came to 77.2 trillion won, up 21.3 percent from a year prior, slightly beating the market consensus of 77 trillion won. The quarterly sales figure was the seco
July 28, 2022
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[Newsmaker] SK chief unveils $22b investment plan in meeting with Biden
SK Group Chairman Chey Tae-won on Tuesday (US time) announced South Korea’s second-largest conglomerate’s new $22 billion investment plan in the US in his meeting with President Joe Biden at the White House. Biden in return touted SK’s new multi-billion dollar commitment as one of the “most significant investments” ever seen in the US. “We are announcing another $22 billion in new investment in the US,” Chey told the US president. “All this m
July 27, 2022
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Philips looks to expand self-health care market in Asia
Global health technology giant Philips said Tuesday that it would open up the new era of self-healthcare in Asia through helping consumers achieve their best health conditions with the firm’s lineup of personal healthcare products. “This approach is especially relevant in Asia, where a growing population and a greater emphasis on health and well-being are re-shaping people‘s health priorities,” said Deeptha Khanna, executive vice president at Philips Personal Health, in
July 26, 2022
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[Photo News] Summer Extravaganza
A woman performs a hydroflying show at Caribbean Bay, Yongin, Gyeonggi Province, Monday.
July 25, 2022
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Dunamu to build metaverse map to aid global relief initiative
Dunamu, the operator of one of South Korea’s largest crypto exchanges, has teamed up with the international humanitarian medical non-governmental organization Doctors Without Borders to build a map on its metaverse platform to help the global medical initiative, officials said Monday. Dunamu and Doctors Without Borders, also known as Medecins Sans Frontieres, signed a memorandum to build a partnership on contributions in accordance with the environmental, social and governance movement i
July 25, 2022
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Samsung starts shipping world’s first 3nm chips
Samsung Electronics has started shipping chips produced using the world’s most advanced 3-nanometer manufacturing technology, which has drastically improved power consumption and performance. On Monday, the tech giant held a ceremony to celebrate the departure of the first batch of 3nm chips from its chip-making complex in Hwaseong, Gyeonggi Province, with some 100 company and government officials in attendance. The 3nm technology is Samsung’s secret weapon to outpacing its rival
July 25, 2022