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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Samsung unveils memory card that records video for 16 years non-stop
Samsung Electronics unveiled Wednesday a long-lasting nonvolatile micro SD card for surveillance cameras that can deliver up to 16 years of continuous recording time without replacement. The product, branded as “Pro Endurance,” can last up to 33 times longer than typical speed-focused SD cards, for its largest 256-gigabyte capacity variant, according to the South Korean tech giant. The micro SD card can be used for surveillance cameras like closed circuit televisions, dashboard ca
May 4, 2022
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Samsung to back Dish’s 5G rollout in US
Samsung Electronics said Wednesday it was selected by Dish Wireless, the fourth-largest telecom carrier in the United States, to jointly deploy a commercial fifth-generational network across the country. Samsung said it would become the second-largest network equipment supply deal in the US if signed, following a $6.6 billion contract with Verizon announced in 2020. The size of the deal was not disclosed, but local reports speculate the deal to be as large as 1 trillion won ($794 million). The
May 4, 2022
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New tech, new war: Naver, Kakao race for AI dominance
With digital technology becoming the key drivers for growth across industries, South Korea’s tech behemoths Naver and Kakao are going all-in to win the tech war using artificial intelligence through AI-powered search engines and logistics solutions businesses. Naver announced Tuesday it has made upgrades to its AI search engine, called “Airsearch,” now offering more optimized search results for users. “Since the Naver mobile app has access to users’ personal info
May 3, 2022
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Korean scientists develop world’s 1st photothermal filters that kill coronavirus
South Korean scientists have developed the world’s first photothermal-effect-based high efficiency particulate air filter -- also known as HEPA filter -- that can take out 99.9 percent of influenza and COVID-19 viruses, the Korea Institute of Energy Research said Tuesday. The photothermal effect, which refers to the mechanism of how a substance absorbs light energy and turns it into heat energy, is used in various areas such as drug delivery, cell death, sensor and solar battery. The re
May 3, 2022
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NFTs: Korean companies' latest marketing tool
Non-fungible tokens have become the latest marketing tool by South Korean companies, as many of them are issuing the digital asset to garner attention from young customers. Hyundai Motor said Tuesday it will launch a new collection of 10,000 Shooting Star NFTs on May 9 through its NFT marketplace. The collection is a sequel to a short film released last month by the carmaker and Meta Kongz, a local blockchain technology platform company and the creator of an NFT brand of the same name. The la
May 3, 2022
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Korea to tighten measures for ESS safety as batteries catch fire
The Energy Ministry on Tuesday proposed a new set of tightened measures to prevent lithium-ion batteries mounted on energy storage systems in South Korea from catching fire. The government will seek to revise the law to force battery vendors in Korea to make sure that the ESS field has ground-fault detectors to prevent current flow from running on the ground, a fire extinguishing system and devices to mitigate the internal pressure of a battery cell, in the event of a thermal runaway where the
May 3, 2022
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Experts, businesses discuss building new reality, opportunity in metaverse
Experts and entrepreneurs got together in Seoul Monday to discuss the ways industries in South Korea and the US are enthusiastically embracing emerging technologies required for the metaverse, and the legal framework that is adapting to the new ecosystem in Korea. Taglined “The Rise of Metaverse and What It Holds for the Future,” the Metaverse Forum 2022, co-hosted by The Korea Herald, the nation’s largest English-language newspaper, and the American Chamber of Commerce in Ko
May 2, 2022
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AMAXG begins DAO project to foster musical talents, pursue shared values
An affiliate of blockchain company AMAXG has begun a project to protect music copyrights, and find and foster musical talent through a decentralized autonomous organization (DAO). A DAO is a member-owned community without centralized leadership and represented by transparent rules fixed in computer code. DAO’s financial transaction records and program rules are maintained on a blockchain. AMAXG IX, AMAXG Group’s affiliate specializing in DAOs, said it has begun the BIZA M DAO proje
May 2, 2022
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The Korea Herald, AmCham Korea to hold Metaverse Forum 2022
With the growing buzz around the metaverse driven by every sector of industry around the world, The Korea Herald and the American Chamber of Commerce (AmCham) in Korea are co-hosting a forum on Monday to discuss what the hyper-interactive virtual world holds for the future. The two-hour forum, held from 1 p.m. at Four Seasons Seoul, has invited a number of business leaders and experts, who are leading the rise of the metaverse to share their insights on the recent frenzy and how it will shape
May 1, 2022
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Samsung under fire for controversial ad of women running at night
Samsung Electronics is under fire for being “tone deaf” over women‘s safety, as the South Korean tech giant issued an apology Friday for an advertisement of a woman running down a street after midnight. The advertisement was meant to promote health and wellness as part of its “Night Owls” campaign, as well as a multidevice experience using Samsung’s wearable devices such as wireless earbuds and a smart watch. The advertisement, created by Ogilvy, had over 15
April 29, 2022
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LG reports record quarterly earnings on upbeat TV, appliance sales
LG Electronics on Thursday reported its best quarterly earnings in the first quarter this year, largely driven by the pent-up demand for TVs and home appliances amid the protracted coronavirus pandemic. For the January-March period, the firm posted 21.11 trillion won ($16.6 billion) in sales and 1.88 trillion won in operating profits, up 18.5 percent and 6.4 percent, respectively, from a year ago. Both were the highest quarterly figures for the South Korean tech giant. Its home appliance and
April 28, 2022
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IFA 2022 to bar Russia from joining
Organizers of Europe’s biggest consumer electronics show, Internationale Funkausstellung Berlin, said Thursday it plans to ban companies from Russia and Belarus from the event this year in the German capital, as it pledged to go ahead with in-person exhibitions for the first time in three years. The comment signals IFA’s decision against Russian firms as being similar to that of the Mobile World Congress in 2022 in Barcelona, Spain. GSMA, the organizer of MWC 2022 in early March, al
April 28, 2022
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Samsung Electronics profit jumps 51% on strong server chip demand, S22 Ultra sales
South Korean chip-to-consumer electronics giant Samsung Electronics posted a record quarterly revenue for three quarters in a row and logged a 51 percent increase in operating profit in the first quarter, its earnings guidance showed Thursday. Samsung Electronics said the solid chip demand for servers and high-end applications, as well as strong sales of the Galaxy S22 Ultra, which started replacing its Note lineup this year, dwarfed macroeconomic uncertainties and supply chain issues due to Ru
April 28, 2022
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DataStreams CEO speaks about big data cooperation in Kazakhstan
Data Streams CEO Lee Young-sang attended a conference in Kazakhstan on April 15 to discuss the country’s information and communication technology and share the company’s big data technology. About 80 people, including Kazakhstan’s IT minister and vice ministers, attended the forum, titled “Appraisal of the Needs-Assessment Survey Results on Digitalization,” to discuss digital transformation, according to the company on Tuesday. At the event, the CEO shared the c
April 27, 2022
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Lemonex starts phase 1 clinical trials for gene therapy drug
Korean biotech company Lemonex said Wednesday that it will begin phase one clinical trials for its new siRNA gene therapy drug LEM-S401, following the approval of its investigational new drug application on April 15 by the Ministry of Food and Drug Safety. siRNA drugs inject small-interfering RNA molecules to augment or inhibit disease-related genes. LEM-S401 is a siRNA drug used to treat and prevent thick scars. The new drug is administered through DegradaBall, the company’s proprieta
April 27, 2022
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LG Energy Solution to invest W7tr this year to ramp up production
LG Energy Solution said Wednesday it plans to invest 7 trillion won ($5.54 billion) this year to boost its production capacity in key markets while improving profitability overall by offsetting the impact from supply chain constraints and rising costs. The South Korean battery giant unveiled its plans during an earnings conference call earlier in the day. The big spending, up more than 10 percent from 6.3 trillion won announced in February, will be poured into the US, a burgeoning EV market w
April 27, 2022
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SK hynix logs best Q1 earnings, sets aside W380b for compensation over chip defects
South Korean memory chipmaker SK hynix saw its best first-quarter revenue in history, while its operating profit jumped more than twofold compared to the previous year, despite weakening demand for consumer electronics and external uncertainties such as lockdowns in parts of China and Russia’s invasion of Ukraine. According to an earnings guidance, SK hynix logged 12.16 trillion won ($9.63 billion) in revenue for the first quarter, up 43 percent on-year. This beat earnings consensus of lo
April 27, 2022
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SK Inc. to buy controlling stake in local EV chip design firm
SK Inc., a holding company of South Korea’s second-largest business group, said Wednesday it would become a controlling shareholder of local electric vehicle semiconductor firm Yes Power Technix in a 120 billion won ($95 million) deal. The strategic investment involving a share sale and a new rights offering means that SK Inc. will control a 95.8 percent stake in the company. Based in Pyeongtaek, Gyeonggi Province, Yes Power Technix is dedicated to silicon carbide power semiconductor desi
April 27, 2022
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Lam Research opens $100m R&D center in Korea
US chip equipment maker Lam Research on Tuesday opened a new technology center in South Korea, extending its global research network connecting the United States and Europe. The new center, called Lam Research Technology Center, is located on a 30,000 square-meter site within an industrial complex in Yongin, some 50 kilometers southeast of Seoul. The company has spent about $100 million for the new facility. With the completion of the new center, Lam Research said its responsivenes
April 26, 2022
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SK's cybersecurity arm IPO to boost cross-border M&A: CEO
SK Shieldus, the cybersecurity service arm of South Korea’s third-largest conglomerate, is poised to use the proceeds from its imminent initial public offering to pursue cross-border mergers and acquisitions, its Chief Executive Officer Park Jin-hyo told reporters Tuesday. Cloud computing security firms would be the major target for a strategic investment, which would allow the nation‘s No. 1 security service firm to make a foray into overseas markets, Park said. “We are pr
April 26, 2022