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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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul Metro to seek legal action against malicious complaints
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Illit, mired in controversy, remains on Billboard charts for 5th week
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Motorola phones back in Korea after 9-year hiatus
A South Korean budget mobile carrier said on Monday it will introduce two 5G Motorola smartphone models, nine years after the American brand pulled out the mobile business here. Bookings for the new phones, which will be released at the end of this month, can be made at the online mall of LG Hello Mobile. Motorola left the Korean mobile market in December 2012. The new models Edge 20 Lite 5G and Moto G50 5G are priced at 399,000 won and 349,000 won, respectively. The midrange smartphones sup
May 16, 2022
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Samsung says 6G critical to XR, hologram, digital replica
While 5G penetration is still largely underway worldwide, it does not mean progress to build a faster wireless network globally has peaked. In order to offer users a full-fledged immersive experience, 6G will inevitably replace 5G networks, experts said in the first Samsung 6G Forum hosted virtually by tech giant Samsung Electronics Friday. Given that it takes about a decade to enable the next generation wireless network, and the world is seeing more applications that require massive data pro
May 13, 2022
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Korea develops antiviral nasal spray
South Korean researchers have developed a nasal spray that can kill viruses and bacteria including COVID-19, the culprit of the unprecedented pandemic, the Korea Institute of Science and Technology said Thursday. Labeled the “invisible mask” for its capacity to prevent virus infection as if one was wearing a mask, the nasal spray can remove harmful substances from the outside and protect the mucus membrane, according to the KIST. In order for the sprayed liquid to take effect, it
May 12, 2022
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Korea needs more digital solution providers, CJ tech chief says
Despite rapid digital transformation shaking up industries from manufacturing to finance, South Korea still lacks companies that can provide digital solutions to business challenges, a tech chief executive officer of retail and food giant CJ Group said Wednesday. “It’s the ugly truth that although it is crucial to use cutting-edge digital technologies to improve business operations and satisfy customers, these initiatives are not being delivered fast enough,” said Cha In-hyuc
May 12, 2022
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One Store pulls IPO plan, SK Square pressured to change course
South Korea’s homegrown mobile app store operator One Store has dropped its plan to go public amid poor stock market conditions, the company said Wednesday. One Store’s decision comes a day after a book building of institutional investors wrapped up, in which the offering price of a common share was below its suggested price band, at between 34,300 won ($26.9) and 41,700 won apiece. The figures have estimated One Store’s equity value at between 910 billion won and 1.1 trilli
May 11, 2022
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South Korean researchers develop blood test platform to detect Alzheimer’s
South Korean researchers have developed a diagnosis platform using blood testing to detect early-stage Alzheimer’s disease, the Korea Research Institute of Bioscience and Biotechnology said Wednesday. To date, there is no cure for Alzheimer’s disease, a type of senile dementia leading to memory loss and cognitive impairment. The KRIBB said the key to treatment is to slow the progression of the disease through accurate early diagnosis. The researchers confirmed that the level of m
May 11, 2022
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New science chief underlines strategic investments on chip, AI, space, bio
Lee Jong-ho, the new science and ICT minister, stressed the importance of securing core technologies of semiconductor, artificial intelligence, space and bio in his inaugural speech on Wednesday. “In an era where technology is sovereignty, the public and private sectors must consolidate their capabilities to strengthen strategic investment and all-around support and fortify the more practical innovation ecosystem of industry, academia, and research. We need to pursue our own super-gap and
May 11, 2022
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LG Energy Solution, RIST to begin joint research on smart factory tech
LG Energy Solution Ltd. and the Research Institute of Industrial Science and Technology (RIST) said on Wednesday they agreed to conduct a joint research project to develop smart factory technologies. Among the technologies the country’s top battery maker and the Posco-founded think tank plan to develop together is a “digital twin,” a virtual representation that serves as the real-time digital counterpart of a physical space to predict possible problems through various simulati
May 11, 2022
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[Photo News] OLED that folds 360 degrees
This photo unveiled Tuesday shows an 8-inch, 360-degree folding organic light-emitting diode screen for mobile devices by South Korean panel maker LG Display. It was showcased during Display Week 2022 hosted by the Society for Information Display from Sunday to Friday in San Jose, California. According to LG Display, the screen can be folded over 200,000 times without affecting its performance.
May 10, 2022
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Samsung retakes No.1 in Indian market with S22 Ultra in March
Samsung Electronics has reclaimed the No.1 spot by monthly sales in India, buoyed by the return of its Galaxy Note successor Galaxy S22 Ultra, a phablet with built-in stylus S Pen support, data showed Tuesday. Samsung emerged as the leader in overall smartphone sales and shipments for the first time in six months in the world’s second-largest smartphone market, showed data by market intelligence Counterpoint Research. In March, Samsung accounted for 22 percent by volume market share and
May 10, 2022
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Samsung upgrades CXL-based memory expander built for future computing
Samsung Electronics said Tuesday that it has developed the industry’s first 512-gigabyte Compute Express Link (CXL) DRAM module for servers that enables a higher memory capacity and lower latency suitable for artificial intelligence and cloud computing. The CXL-standard DRAM memory expander will allow a server platform in data centers and enterprise servers to add new layers of short-term memory capacity compatible with a processor chip without unnecessary costs and complexities, as oppo
May 10, 2022
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Researchers visualize floral scent in real time for first time
Researchers at the Korea Advanced Institute of Science and Technology said they succeeded in real-time visualization and measurement of floral scent emission for the first time in the world. Using optical interferometry, research teams led by mechanical engineering professor Kim Hyoung-soo and biological sciences professor Kim Sang-gyu measured the frequency with which lily flowers emit scents. Floral scent sampling methods using gas chromatography-mass spectrometry have been used to measure t
May 10, 2022
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One Store out to challenge Google, Apple app store monopolies with IPO
South Korea’s homegrown app marketplace One Store aims to challenge Google and Apple, two US tech giants that enjoy a near-monopoly in the whopping 300 trillion won ($235 billion) app store market globally, with its forthcoming stock market debut here. One Store, the nation’s sole operator of an app store of the same name, is a merged entity of the nation’s four app stores that was previously operated separately by SK Telecom, KT, LG Uplus and Naver. Now it is an affiliate of
May 9, 2022
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LG Chem, KIST develop tech for efficient carbon dioxide conversion
LG Chem and the Korea Institute of Science and Technology (KIST) have developed a technology that efficiently turns carbon dioxide into carbon monoxide, which is used to produce alternative fuels and plastic. The two parties have developed an electrochemical reactor for converting carbon dioxide into carbon monoxide at the highest level of efficiency through joint research, the company said. Carbon monoxide is needed to produce alternative fuel sources such as synthesis gas and methanol, as we
May 9, 2022
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[Market Eye] Will Lee Jae-yong’s return revitalize Samsung?
Even as it reported record revenue over the last three quarters, shares in Samsung Electronics have fallen over the past year, indicating weak market confidence in the tech giant’s prospects as inflation and Russia’s invasion of Ukraine threaten the general economy. Not all is well at the company, despite the strong bottom line. The memory chip business is suffering from weak pricing, and its chip foundry investments are lagging behind rivals TSMC and Intel. Meanwhile it is s
May 8, 2022
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SK Telecom, Deutsche Telekom forge metaverse alliance
South Korea’s No. 1 mobile carrier SK Telecom said Sunday it has inked a strategic alliance with German counterpart Deutsche Telekom to bring its metaverse platform to European market. SK Telecom said in a statement the two companies will carry out a field test for metaverse operation in Europe before the end of 2022, create contents that work on the virtual world and implement a marketing for metaverse migration in Europe. SK Telecom premiered an international version of its own ifland m
May 8, 2022
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SK Shieldus withdraws IPO on jittery market sentiment
SK Shieldus, the South Korean security service subsidiary of SK Group’s ICT arm SK Square, said on Friday that it has scrapped its plans for market debut, citing dampened investor sentiment. “We have submitted a delisting notice to the Financial Supervisory Service because the recent demand forecasting, which decides initial public offering prices, showed that our corporate value may not be well received,” the company said. Stressing that market sentiment has turned sour fol
May 6, 2022
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[Photo News] May the fourth be with you
A man stares at a life-sized Darth Vader made of lego cubes on display at E-Mart Wangshimri branch in Seoul in collaboration with Walt Disney Korea on Wednesday, celebrated as Star Wars Day among fans.
May 4, 2022
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Battery, K-pop, virtual currency firms rise on top 500 list
The list of South Korea’s 500 biggest companies by sales saw significant changes last year, with the rise of battery, K-pop and virtual currency firms, a corporate tracker said Wednesday. Battery maker LG Energy Solution jumped from No. 343 in 2020 to No. 44 last year on the annual list released by CEO Score as its shipments of pouch- and cylinder-type batteries surged on growing global demand for electric cars. Camera module supplier LG Innotek went from No. 68 to No. 48 in the same per
May 4, 2022
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Cha Biotech’s US subsidiary opens CGT production facility
Cha Biotech’s US subsidiary Matica Biotechnology has opened a new cell and gene therapy production facility to boost its contract development and manufacturing organization business on the global stage, officials said Wednesday. With a 500-liter bioreactor, the new CDMO facility, based in College Station, Texas, will produce various types of viral vectors that are the essential basis of cell and gene therapy, according to Cha Biotech. The company said that Matica Biotechnology is curre
May 4, 2022