Most Popular
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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S. Korean children, teens grow taller, mature faster than before: study
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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Some junior doctors are returning: Health Ministry
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Army takes group action against Hybe for neglecting BTS
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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[Robert J. Fouser] AI changes rationale for learning languages
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Woman dangling from power lines rescued by residents holding blanket
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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[Herald Interview] AI inevitable force to shape education: Riiid
Education has always been slow to adopt new technologies. But with the COVID-19 pandemic and schools forced to move online over infection risks, the time has finally come for it to embrace the artificial intelligence. “COVID-19 is making AI inevitable,” said David Yi, an executive from Riiid, a Seoul-based AI education startup said in an interview with The Korea Herald. “In the US, students are all off campus, students are disengaged and are falling behind. How do we help thi
May 5, 2021
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US trade court lifts import ban on Daewoong’s Nabota
The US International Trade Commission has lifted a 21-month ban on the sale of Daewoong Pharmaceutical’s botulinum toxin product Nabota, or Jeuveau, in the United States, according to an announcement from Medytox on Tuesday. The decision allows Evolus, a US partner of South Korea’s Daewoong, to resume sales of Nabota in the US, after a legal battle between Medytox and Daewoong over misappropriation of trade secrets. The dispute between the two Korean pharmas, Medytox and Daewoon
May 4, 2021
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Samsung's presence in smartphone chipset market to decline in 2021: report
Samsung Electronics Co. is expected to lose its share in the smartphone chipset market this year, a report showed Tuesday, as Taiwanese and US rivals are to expand their presence with a rise in the 5G device sector. Samsung was estimated to take an 8 percent share in the global smartphone application processor (AP)/System on Chip (SoC) market in 2021, down 11 percent from a year earlier, to take the fourth spot, according to a report from industry tracker Counterpoint Research, The South Korea
May 4, 2021
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SK Telecom to cancel W2.6tr worth of treasury shares
SK Telecom Co., South Korea's largest mobile carrier, said Tuesday it has decided to cancel 2.6 trillion won ($2.32 billion) worth of treasury shares, over 10 percent of its total floated stocks, in a move to boost shareholder value amid plans to split into two companies later this year. The telecom operator said in a statement that it would retire 8.69 million treasury stocks, or 10.8 percent of its total issued stocks, by Thursday. The cancellation would reduce SK Telecom's total floated sto
May 4, 2021
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S. Korea's development of novel drugs lags behind others
A total of 40 novel drugs were approved by Seoul‘s pharmaceutical authorities in 2020, but none were developed by South Korean companies, according to a survey released by the Ministry of Food and Drug Safety on Monday. According to the Korean drug safety agency, local companies failed to introduce novel drugs domestically for the second consecutive year. In 2018, there were two novel drugs developed by local pharmaceutical companies that received approvals from the agency. “Laun
May 3, 2021
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Celltrion's COVID-19 test kit receives conditional approval in Korea
South Korea‘s pharmaceutical giant Celltrion announced Monday that the company has received a conditional approval for its COVID-19 test kit DiaTrust from the country‘s drug safety agency. DiaTrust, developed jointly by Humasis and Celltrion, is an antigen test kit that can detect the most recent COVID-19 variants from the UK and Brazil. The test kit uses a sterile nasal swab which can identify specific antigens of COVID-19 present in specimens collected from the nasal cavity within
May 3, 2021
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LG U+ to launch 5G-based solutions for local seaports
LG U+ has set up a crane remote control system at Busan Port and aims to commercialize 5G network-based solutions for automated seaport infrastructure management, the company said Sunday. The yard cranes at Busan Port are controlled remotely by an operator in an office, using the control system developed by the South Korean telecommunications firm. The tall cranes, equipped with sensors and high-definition cameras, are designed to send live feeds to a control room via the 5G network. The so
May 2, 2021
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LG Uplus on lookout for automated seaports with 5G tech
BUSAN -- A towering shipyard crane nimbly moves over stacks of cargo crates at a terminal in Busan Port, South Korea's largest seaport 453 kilometers southeast of Seoul, to snatch a container box and gently load it onto a truck. While the scene is business as usual for the bustling port that processed over 410 million tons of cargo last year, the crane is unusual in that its driver's seat -- 25 meters off the ground -- is empty. The over 20-year-old industrial machine runs in semi-autonomous m
May 2, 2021
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S. Korea begins reviewing 1st blood plasma therapy for COVID-19
South Korea's drug safety agency said Friday that it has begun reviewing a plasma therapy treatment against the novel coronavirus by local biotech company GC Pharma for conditional approval. The plasma therapy, dubbed GC5131A, is a type of hyperimmune globulin drug that uses blood plasma taken from people who have fully recovered from COVID-19, according to the Ministry of Food and Drug Safety. If approved, the investigative drug will be the country's first blood plasma cure for the deadly d
April 30, 2021
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S. Korea's 5G users top 14m since commercialization
The number of 5G users in South Korea stood at over 14 million last month, two years after the networks first went live in the country, data showed Friday, as the country pushes to accelerate adoption of the latest generation networks. As of the end of March, 5G subscriptions stood at 14.48 million, accounting for 20 percent of the total 71.1 million mobile subscriptions in the country, according to data from the Ministry of Science and ICT. South Korea was the first country in the world to co
April 30, 2021
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LG Electronics to create W100b fund with Mirae Asset Group
LG Electronics will create a 100 billion won ($90.15 million) fund with Mirae Asset Group, the country’s largest nonbank financial institution, to invest in new businesses including electric vehicles, the companies said Friday. The two business units will contribute 50 billion won each to the fund, which will be operated for 10 years. Chief Strategy Officer Cho Ju-wan of LG Electronics, Chief Executive Officer Lee Man-hee of Mirae Asset Capital and other executives held a ceremony on F
April 30, 2021
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S. Korea calls for free movement of data at G-7 digital ministers meeting
South Korea called for the free movement of data to vitalize the digital economy on Thursday in this year's Group of Seven (G-7) meeting of digital and technology ministers. South Korea took part in the intergovernmental ministerial meeting virtually after being invited to this year's G-7 meeting set to be held in the United Kingdom in June. Minister of Science and ICT Choi Ki-young said at the meeting that the movement of data as well as electronic transferable records and internet security a
April 29, 2021
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Samsung, LG post record Q1 earnings
Strong sales of home appliances pushed South Korean electronics firms’ sales to a new quarterly high. According to first-quarter earnings results released by Samsung Electronics and LG Electronics on Thursday, the tech titans both achieved their highest-ever quarterly sales and operating profits in the first three months of 2021. Samsung posted record-high sales of 65.39 trillion won ($59 billion) in the first quarter, driven by its mobile device and home appliances businesses, despit
April 29, 2021
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Samsung family says no disagreement over estate
The bereaved family of Samsung Group Chairman Lee Kun-hee is not at odds over who should get what from the late tycoon’s Samsung company shares, worth 19 trillion won ($17.06 billion) in total, officials at Samsung Electronics, the flagship unit of the conglomerate, said Wednesday. The late Lee’s equity holdings have immense implications for the group’s ownership structure, influencing the Lee family’s continued grip over the colossal corporate empire, which alone acco
April 28, 2021
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SK Broadband present new family plan in time for May, the ‘Family Month’
In time for Parents’ Day on May 8, SK Broadband is presenting a new family plan targeting adults living separately from their aging parents and looking out for them in this coronavirus pandemic. The plan, called “B tv Family,” is a package of services tailored for senior citizens who cannot go out as often as they used to and cannot meet up with their grandchildren and other loved ones. On top of the typical combination of high-speed internet, home Wi-Fi, IPTV and a TV set
April 28, 2021
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COVID-19 self-test kits to be available at pharmacies as early as Monday
South Koreans may be able to purchase COVID-19 self-test kits as early as next Monday, industry officials said Wednesday. Coming are two types of home test kits developed by local biotech firms SD Biosensor and Humasis. The test kits will be available at local pharmacies or via online channels, according to the companies. The rollout comes after the Ministry of Food and Drug Safety last week gave each of them conditional-use approval. The products have been in use in several countries in Eu
April 28, 2021
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Genexine signs vaccine supply deal with Indonesia
Local vaccine developer Genexine has signed a contract with an Indonesian pharmaceutical company to supply 10 million doses of its COVID-19 vaccine candidate, the company said Tuesday. According to the firm, Indonesian pharmaceutical company PT Kalbe Farma will purchase 10 million doses of GX-19N, the vaccine candidate currently in the phase 2 clinical trial stage. Genexine will be provided with royalties based on sales of the vaccine, it added. Sale of the jabs would be possible only after
April 27, 2021
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Hyundai Oilbank to transform oil refineries into renewable energy platforms
Hyundai Oilbank said Tuesday that it has partnered with Honeywell UOP, one of the world’s leading technology licensing firms, to repurpose its oil refineries as renewable energy platforms where vital ingredients for solar panels and electric vehicle batteries will be produced. Under the agreement, Honeywell’s crude oil-to-chemical technology will allow Hyundai Oilbank facilities to convert crude oil into high-value chemical products instead of traditional transportation fuels. Th
April 27, 2021
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Eyes on Lee Jae-yong’s share in inheritance of Samsung Life
As an official announcement on the biggest wealth inheritance in modern Korean history draws near, all eyes are on how much of the late Samsung Group Chairman Lee Kun-hee’s assets would be given to his eldest son Lee Jae-yong, who has in effect already inherited the control of the mammoth business conglomerate. According to industry sources on Tuesday, the bereaved family of the late tycoon is anticipated to announce this week, before an April 30 deadline, a final inheritance plan, incl
April 27, 2021
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KIST applies chip technology to prevent fires from lithium-metal batteries
The Korea Institute of Science and Technology on Tuesday claimed to have found a new way of curbing lithium-metal battery fires using semiconductor technology. According to its researchers led by Lee Joong-kee, lithium-metal batteries, which use metals for anodes, or the negative side, are more powerful than lithium-ion batteries that use graphite for anodes. However, there is a trade-off. Lithium-metal batteries are more susceptible to fires because of dendrite issues. Dendrites are tiny, r
April 27, 2021